5 Steps to Double Your Money in Real Estate

October 30, 2023

Episode 158

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Mike has some BIG news to share today – He just recorded an episode that he genuinely believes could change the entire trajectory of your life if you let it.

Mike's good friend, Darin Davis, was on the show. He’s one of the sharpest real estate investors Mike knows, and he's developed an incredible system for building foundational wealth for you (and your family).

They covered a ton of ground in this episode – everything from Darin's powerful origin story to his proven principles for evaluating deals and partnerships to the mindsets required to get wealthy (not just rich) over the long haul.

Here are a few highlights:

  • How Darin was able to buy an extra 4 YEARS of time with his wife when she was battling cancer. This story brought Mike to tears – it shows the incredible value of setting up passive income streams.
  • Darin's “5Ds” for doubling your money – his framework for vetting deals that can generate 20%+ returns annually. Pure gold here.
  • The biggest mistakes most new investors make and how Darin now structures deals to maximize gains for his partners. This alone could save you hundreds of thousands or millions down the road.
  • How to take advantage of down cycles and shifting trends to find diamonds in the rough. Darin started investing in the 2008 crash and made a killing.

Mike could go on and on, but you really need to hear this wisdom straight from the source. Darin is the real deal – a man of character who authentically wants to help others create lasting wealth.

So please, do yourself a favor and check out this episode as soon as you can! It's jam-packed with game-changing insights that can set you up for life.

Key Takeaways

  • [00:05:03] Investing in multifamily housing is my expertise
  • [00:08:38] Gold rush, technology, working class families, real estate.
  • [00:12:42] Oncologist gave 2-6 months, insurance not controlling.
  • [00:18:29] Resilience, control, system, team, successful investing.
  • [00:24:51] Financial risk, luck, and learning experiences.
  • [00:33:09] Expanding Austin market prompts land acquisition.
  • [00:37:30] Never work again strategy: alternative vehicles, mindset, real estate.
  • [00:42:25] Affordability and demographics impact job types.
  • [00:47:51] Mistakes, time, disasters, value, wealth, aging, demand
  • [00:55:45] Helping others, sharing lessons, minimizing losses.

Additional Resources

 

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