42 min
E132: The Intrinsic Value of Real Estate Investments with David Iglewicz Entrepreneurs Circle
-
- Entrepreneurship
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
---
Send in a voice message: https://podcasters.spotify.com/pod/show/erikecabral/message
Support this podcast: https://podcasters.spotify.com/pod/show/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
---
Send in a voice message: https://podcasters.spotify.com/pod/show/erikecabral/message
Support this podcast: https://podcasters.spotify.com/pod/show/erikecabral/support
42 min