17: Finding Mentors, Facing Retirement, and Note Investing with Jeff Brown
BiggerPockets Real Estate Podcast - A podcast by BiggerPockets
Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it! In This Show, We Cover:How to find mentors to help train and teachWhy real estate brokers make the best mentorsWhat CCIM is and why you should consider itHow much do you need to quit your job and go “Full Time?”Why $1 million might not be enough for you for retirement3 paths to maximize after-tax income.Why “cash flow” might be overrated when beginningWhy you should STOP investing in your 401K and IRAs – even with a “company match”Investing in notes vs. property … why one is better than the otherHow to find good notes to invest in3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement?and moreBooks Mentioned in the Show:The E-Myth Revisited by Michael GerberThe Basic Steps in Real Estate Exchanging by Royce Ringsdorf.Links from the Show:The BiggerPockets FilePlaceCCIM TrainingTweetable Topics“The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!)“Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!)“When you retire, the one with the most options wins” (Tweet This!)“I want to retire yesterday afternoon around 4:30!” (Tweet This!)Learn More about JeffJeff’s BiggerPockets AccountJeff’s BiggerPockets’ Blog Posts