42 min

E132: The Intrinsic Value of Real Estate Investments with David Iglewicz Entrepreneurs Circle

    • Business

This episode was recorded at an exclusive event called PodMAX where founders had an opportunity to share their stories and knowledge.

Special guest host Hoan Thai leads the conversation down a path of insights, solutions, and collaboration.

Join us for our next event at www.podmax.co

David Iglewicz is the President of Prostoig Capital. David has been a practicing pediatric dentist since 2003.  He has been doing passive investing since 2004.  In 2008, he personally lost a significant portion of his assets and knew there had to be a better way of having a better cash flow stream. Then he found the way through investing in Multifamily Real estate.

Here are some power takeaways from today’s conversation:


Why David became a dentist and how he eventually lost his passion for it

How private equity became his turning point

How he got into real estate investing

The downfall of being too smart

Put yourself first.

David’s investing journey

What makes passive investment so powerful is its intrinsic value

Passive investing vs. mutual funds


Episode Highlights:

What He Saw In Private Equity and Real Estate Investing

The downfall with anybody who's smart is oftentimes that they're too smart for their own good. David was able to drop his ego and invest in something that most dentists and medical professionals weren't doing at the time. He was vulnerable enough to open up and put his guard down. He transitioned and the grass is indeed greener on the other side.

What to Do When You're No Longer Happy With Your Career

Put yourself first in the patient's shoes that when you're talking to that family, you become that patient. And all of a sudden, you relate to them at the same level. This teaches you to be humble and when you do that, you allow opportunities to come your way.

Drop your blinders and feel those emotions and feel the fear. Feel what it does to you because it's not going to do anything. Let those emotions go through you. And all of a sudden, you're going to look left and right.

Why Passive Investing Works

Because of your investments within the apartment buildings, people pay rent so the cash flow still comes in. Then there's a potential upside, too, if the building is sold or refinanced because there's a big payoff, and the monthly or quarterly payoffs throughout. Whereas with a stock or mutual fund, you're only banking on that appreciation and you're not getting any of that cash flow. Not to mention, the tax benefits you’ll be getting from it. 

Sure there are risks, but the benefits far outweigh the risk in apartment buildings. It's a hard asset that produces income. You can produce income in multiple different ways. Not only do you have the income from the tenants, but you can have income from storage, from washer dryers, or you can do a billboard on the building, or do a cell phone tower. Then you can also reduce the expenses. 

By increasing the revenue streams, you're making the building worth so much more money. The asset is protected because the value is intrinsic.

Resources Mentioned:

https://prostoig.com/

Rich Dad Poor Dad by Robert Kiyosaki

Email: dsi@prostoig.com


---

Support this podcast: https://anchor.fm/erikecabral/support

This episode was recorded at an exclusive event called PodMAX where founders had an opportunity to share their stories and knowledge.

Special guest host Hoan Thai leads the conversation down a path of insights, solutions, and collaboration.

Join us for our next event at www.podmax.co

David Iglewicz is the President of Prostoig Capital. David has been a practicing pediatric dentist since 2003.  He has been doing passive investing since 2004.  In 2008, he personally lost a significant portion of his assets and knew there had to be a better way of having a better cash flow stream. Then he found the way through investing in Multifamily Real estate.

Here are some power takeaways from today’s conversation:


Why David became a dentist and how he eventually lost his passion for it

How private equity became his turning point

How he got into real estate investing

The downfall of being too smart

Put yourself first.

David’s investing journey

What makes passive investment so powerful is its intrinsic value

Passive investing vs. mutual funds


Episode Highlights:

What He Saw In Private Equity and Real Estate Investing

The downfall with anybody who's smart is oftentimes that they're too smart for their own good. David was able to drop his ego and invest in something that most dentists and medical professionals weren't doing at the time. He was vulnerable enough to open up and put his guard down. He transitioned and the grass is indeed greener on the other side.

What to Do When You're No Longer Happy With Your Career

Put yourself first in the patient's shoes that when you're talking to that family, you become that patient. And all of a sudden, you relate to them at the same level. This teaches you to be humble and when you do that, you allow opportunities to come your way.

Drop your blinders and feel those emotions and feel the fear. Feel what it does to you because it's not going to do anything. Let those emotions go through you. And all of a sudden, you're going to look left and right.

Why Passive Investing Works

Because of your investments within the apartment buildings, people pay rent so the cash flow still comes in. Then there's a potential upside, too, if the building is sold or refinanced because there's a big payoff, and the monthly or quarterly payoffs throughout. Whereas with a stock or mutual fund, you're only banking on that appreciation and you're not getting any of that cash flow. Not to mention, the tax benefits you’ll be getting from it. 

Sure there are risks, but the benefits far outweigh the risk in apartment buildings. It's a hard asset that produces income. You can produce income in multiple different ways. Not only do you have the income from the tenants, but you can have income from storage, from washer dryers, or you can do a billboard on the building, or do a cell phone tower. Then you can also reduce the expenses. 

By increasing the revenue streams, you're making the building worth so much more money. The asset is protected because the value is intrinsic.

Resources Mentioned:

https://prostoig.com/

Rich Dad Poor Dad by Robert Kiyosaki

Email: dsi@prostoig.com


---

Support this podcast: https://anchor.fm/erikecabral/support

42 min

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