Ep 42 - Week 6 Recap & Key Takeaways

Hey everybody. Flippin Danny here, founders of the Freedom Real Estate Group family of companies. And welcome to another live episode. This is our week six. Oh my gosh, I can't believe this. Week six recap and key takeaways of today is February 11, 2020. And so we're going to start with the takeaways from this last week of podcasts and starting with you.

Yeah, so on Saturday we're on episode 36, which was how to use retirement accounts to invest in real estate. The key takeaways that we wrote down to share with you here on this episode was that there's trillions of dollars in 401ks and people don't know how to use those funds to invest properly.

That's with a T. Uh huh.

Trillions. Yeah, it's amazing. And also we talked about what rate of return do you need to outpace inflation? And you have to factor in 401k fee. So we had great discussions around that so people can start getting more educated about how to use those retirement accounts and get higher returns outpace inflation. It was a really good episode.

Yes, it was. Then on Sunday, episode number 37, we talked about the top five regrets before dying. And again, we went through all these. It's a good one to watch. It's not your uplifting, laughing, funny episode, but the goal is to identify the most important things in life, you know, and you know, prioritizing now before it's too late. Every day is a gift you're never promised tomorrow. You know, we go into it. It's, it's, it's a great episode and it's probably one that's not really financially related, but sort of is. But it's just, it's really hit home for a lot of us lately. So make sure you watch that one if you.

Yes.

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Yeah. So again.

All right, so episode 38 was about Cap rates and how to calculate them. So there was two types of cap rates that we talked about. Stabilized cap rate and the going in cap rate. We actually go through how to know the difference and how to calculate each.

And then number 39. And this one was called inflation. Profiting inflation is a hidden tax that raises prices and erodes your savings and then your dollar is buying fewer goods and services. Find strong returns and solid vehicles like my new truck. Oh, you mean investment vehicles, don't you?

Yes, yes, yes.

Find strong returns in solid investment vehicles.

Yeah, that was a very important episode. I don't think people talk about that enough. So if you don't understand inflation, it's a very bite sized episode to teach just a little bit about what you should know so that you can be focusing on. And then episode 40, we did our 384 units case studies, our very first syndication. So the key takeaways there were really who, not how. So that's my favorite book. And it was really about surrounding yourself with the right people because we wouldn't have done that syndication without being partnered up with Steven Linman. And then ultimately after doing that, realizing and taking the kind of quizzing yourself what brings you joy, the most amount of joy. And it's really why you and I decided that, hey, this is a path that we want to go down. This is a lot of fun and it's a way to build a lot of wealth and reduce our taxes through the tax benefits that you can get through syndications. So we got educated about that and started educating other people. And yeah, that's, that's year 2022. It's all about.

That's awesome. And then the last episode was actually just yesterday, our other live episode, our progress update, we talked about the 48 unit that we're in negotiations with. We're going to see it again this week. We're in next week. But it's, it's looking good. But, but anyway, and then we also talked about, we talked with our CEO and he was talking about our finances for quarter one of this year. He's forecasting a record breaking quarter one, which is exciting not only for us, but for him.

Yes.

So that's awesome. And then lastly, this podcast, over 2,000 downloads going into this week, which is huge.

Yeah.

I can't believe it. I can't, I can't believe it at all. But again, if you're watching on YouTube, make sure you hit that little red subscribe button. Make sure you join our groups on both Facebook and LinkedIn Facebook. We have our own special group which is facebook.com groove freedom through passive income. There you go. And then LinkedIn. Just go to the search bar and type in the magical words Freedom Through Passive Income. It's so amazing. It's always the same thing. But make sure you join our group. So we're also on Instagram and Tick Tock and all the places but give us five star reviews. We'd love that. But let us know how we're doing. Recommendations, questions, whatever you have but and tell your friends and families share the share the links to these groups and if you're listening, I look amazing today. Just wanted to let you know but we always like to end all of our episodes with Invest Smart Live Happy. Bye everybody. Nothing in the show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on the show are not guaranteed. All investment strategies have the potential for profit or loss.