Flipping Real Estate for Profit – Interview with Dominic Kirchner

Have you considered investing in real estate for extra income, as a career, or a hobby?

Think again…

This week we have Dominic Kirchner on our show to talk about flipping real estate for profit. Dominic has been successfully investing in real estate, flipping and rehabbing real estate for profit for over 17 years. This past year he did 50 fix and flips and he continues to grow each year.

Dominic talks about who his inspirations were… How to find great deals… The importance of having a good team… Why you need to stay in your lane… the importance of having a good exit strategy… and most importantly he talks about the current conditions of the real estate market and where he thinks it will go from here.

If you are a real estate investor, you don’t want to miss this week’s show.

If you are thinking of becoming a real estate investor… don’t miss this week’s show.

If you are not interested in real estate at all… please fill out our survey and tell us what you want to hear about.

We here are Money Tree Investing love talking with experts to get the inside scoop about investing. Wall Street tends to make everything look pretty. We don’t. We want the truth. That is what you can expect here.

On this week’s show, we also have a great group of panelists’ to discuss the topic of flipping properties for profit. After you hear what we have to say about flipping real estate for profit, you may want to reconsider your real estate investing plans.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Dominic Kirchner:

Dominic Kirchner is an expert real estate investor who has been successfully investing in real estate for the past 17 years (2002). He invests in a variety of ways, fix and flip, rehab, lending, buy and hold, wholesaling, etc. The true mark of an experienced real estate professional is one who has not only survived a real estate recession but who has thrived because of it. Dominic used 2008 as an opportunity to accelerate the growth of his real estate business to where he is today. This past year he completed 50 fix and flips and is on track to continue his growth.

Dominic is also a real estate agent and one of the top producing agents in his office. He specializes in deal structuring, negotiating and the paperwork required for both buying and selling a property. Dominic received his BS in Business Administration with a concentration in Accounting from Northeastern University.

Website: www.hampdenhomebuyers.com

 

 

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Miranda Marquit | Planting Money Seeds

Mindy Jensen | Bigger Pockets

Anson Young | Anson on Bigger Pockets

Victor Sperandeo – Legendary Futures and Options Trader and Market Wizard

Market Wizards Series of Investing Legends: Victor Sperandeo “Trader Vic”

Welcome to the first of a series of interviews with market wizards and investing legends. This week we interview Victor Sperandeo or “Trader Vic”. He is to Wall Street what Warren Buffett is to Main Street. Unless you are a student of the market you may have never heard of him, but you are in for a treat today.
Vic is a master trader of futures and options. He started an options firm, Ragnar Options Corp, and within 6 months it was the largest options OTC dealer in the world. He racked up a nominal rate of return of 70.7% annually without a losing year between 1978 and 1989. He famously predicted the 1987 stock market crash in a Barrons interview in September of 1987. He has worked with other legendary traders George Soros and Leon Cooperman. He has been featured in some best selling books such as “The New Market Wizards”, and “super traders”, and he has authored 3 books of his own detailing his investment philosophy. He was inducted into the trader hall of fame by Trader Magazine in 2008. Lastly, he has created 2 indexes and 3 methodologies for the futures markets.

Some of the topics we cover in today’s episode:

  • The evolution of Wall Street investing since 1968
  • Why his investing strategy was so successful
  • Trading Risk Management
  • The philosophy of reflexivity and how it affects the markets
  • The effects of High-Frequency Trading and technology on trading?

…and more.

Today’s show is hosted by Kirk Chisholm.

Investing Resources:

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

The Debt Mindset: Debt Resolution, Bankruptcy, Student Loans, and More

You should love your debt.

That’s the message from Leslie H. Tayne, Esq., a debt resolution attorney.

She explains some of the technical issues that exist with debt but also dives deep into the mindset of how debt can impact more than just your finances.

You will also learn about the signs for when you might consider contacting a debt resolution company or service in today’s episode.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Leslie H. Tayne:

Leslie H. Tayne, Esq. is an award-winning financial attorney and Author of Life & Debt: A Fresh Approach to Achieving Financial Wellness. She has over 20 years of experience in consumer and business financial debt solutions which include negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans.

Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is a frequently sought-out for her expertise on financial, credit and debt topics and as a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions.

For more information, please visit www.taynelaw.com

Resources and where to find Leslie H. Tayne, Esq.

Linkedin: linkedin.com/in/leslietayne

Facebook: facebook.com/TayneLawGroup/

Twitter: twitter.com/LeslieHTayneEsq

Tayne Law Group Twitter: twitter.com/taynelawgroup

Tayne Law Group Instagram: instagram.com/taynelawgroup

 

Today’s Panelists

Kirk Chisholm | Innovative Advisory Group

Kelly Coughlin | Everyday CPA

Natalie Pine | Briaud Financial Advisors

Miranda Marquit | Planting Money Seeds

Special Needs Trusts with Brynne Conroy – PLUS Asset Protection and we try to make insurance sexy

Brynne has one child with special needs. How does this change the way she does her financial planning and investing?

In general, her plan is to “save everything”. But even doing that, Brynne says she does not “max out my retirement accounts to a point where I feel that an ABLE account or Special Needs Trusts are necessary or necessarily financially viable.”

ABLE stands for “Achieving a Better Life Experience Act”, which are tax-advantaged savings accounts for individuals with disabilities and their families

Listen in as Brynne explains how ABLE accounts work, how someone would benefit from having an ABLE account, and how she’s working to live a beautiful life within the choices and parameters available to her.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Brynne Conroy:

Brynne Conroy is the author of the Feminist Financial Handbook and the mother of a special needs child. She started writing about money when she didn’t have any.

As she figured out ways to save more and earn more, she shared them with the world on her award-nominated blog–Femme Frugality–and progressively climbed up the economic ladder.

Six years later, she continues to run the blog while contributing to personal finance and parenting publications both in print and on the web.

Website: https://femmefrugality.com
Book: The Feminist Financial Handbook on Amazon
Facebook: https://www.facebook.com/Femme-Frugality
Instagram: https://www.instagram.com/femmefrugality
Pinterest: https://www.pinterest.com/femmefrugality

Today’s Panelists

Miranda Marquit | Planting Money Seed

Kirk Chisholm | Innovative Wealth

For a quick bio of each of our show participants, head on over to our panelists’ page.

Send us your questions for a future Listener Letters episode

 

Kate, congratulations from everyone here at Money Tree Investment Podcast. Thank you for participating in our March Madness promotion. We hope you use the gift card to invest in your life.

Creating Legacy Wealth from Real Estate

Marco Santarelli is the host of the Passive Real Estate Investing Podcast and the founder of Norada Real Estate, a premier real estate investment firm. Marco’s mission is to help people create financial freedom by taking the guesswork out of investing. His team is dedicated to researching top real estate growth markets and structuring complete turnkey real estate investments to minimize risk and maximize profitability.

Marco began investing in real estate at the age of 18 with a single townhouse that he bought, renovated, leased, and managed himself. He continued building his real estate portfolio over the years up to 84 units with additional single-family homes, duplexes, and small apartments. Marco is an expert in the ins and outs of real estate investing and has been helping investors create wealth and passive income for the past 15 years through Norada Real Estate. He is honored to have been named the 2017 Think Realty Master Investor of the Year.

"Be market agnostic. Live where you want, and invest where it makes sense." - Marco Santarelli

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Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

Resources mentioned in this episode:

Today’s Panelists

Kirk Chisholm | Innovative Wealth

Miranda Marquit | Planting Money Seeds

Tim Picciott | The Liberty Advisor

Send us your questions for a future Listener Letters episode

Self Directed IRA Investing, with Kirk Chisholm

What is the difference between a traditional IRA and a self-directed IRA? Kirk Chisholm of Innovative Wealth and a regular panelist here on the Money Tree Investing Podcast says “Technically there is no difference. It’s more of a marketing language that people use”.

The self-directed IRA came about years ago as a way to distinguish between an IRA that’s investing outside of the stock market versus an IRA that’s investing in more traditional investments.

Kirk should know. Self-directed IRAs is his specialty. Listen as Joseph Hogue learns more about these interesting and unique investment options and then joins our panel to discuss the “red lights” of what to look out for.

To download the report, “9 Common Mistakes Using a Self-Directed IRA”: go to http://innovativewealth.com/moneytree  

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

Today’s Panelists

Kirk Chisholm | Innovative Wealth Miranda Marquit | Planting Money Seeds Joseph Hogue | Let’s Talk Money! with Joseph Hogue Tim Picciott | The Liberty Advisor

Send us your questions for a future Listener Letters episode

Trends in Accounting and Finance, with Sean Stein Smith

FinTech is making an impact in the world if investing.

Dr. Sean Stein Smith joins us to share what he says are the three major trends in accounting and finance:

1. Blockchain and cryptocurrencies
2. RPA: Robotic Process Automation
3. Entrepreneurial Angle

Then our panel gets together to discuss how these trends may affect their work in professional services.

 

Book recommendation from Kelly Coughlin: Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy – by George Gilder

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Dr. Sean Stein Smith:

Sean Stein Smith is a CPA and Assistant Professor at Lehman College (CUNY).

Widely quoted as an expert in the intersection of blockchain, cryptocurrency, and accounting, Dr. SMith was named one of 40 under 40 in the accounting profession 2017 & 2018. He also is on the Advisory Board – Wall Street Blockchain Alliance, and Board of Governors (FDU)

Follow Dr. Smith on Twitter

Connect with Dr. Smith on LinkedIn

 

Today’s Panelists

Kirk Chisholm | Innovative Wealth
Miranda Marquit | Planting Money Seeds on Facebook
Roger Dowd | AG-Capinv.com
Kelly Coughlin | EverydayCPA.com

 

For a quick bio of each of our show participants, head on over to our panelist page.

Send us your questions for a future Listener Letters episode

Creating Cash Flow with Jack Bosch

Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years.

Jack Bosch describes this as “The Pile of Money Theory”: Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash.

Jack proposes the “Cash Flow for Life” approach: Money that comes in from the investments you have built such as:

  • Dividend stocks
  • Royalty payments
  • Business investments
  • Real estate

Listen as Jack shares his story out of debt, the strategies they used to generate income, and ultimately purchase assets that provide him Cash Flow for Life.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Jack Bosch:

Jack Bosch is Managing Director at Orbit Investments, LLC. He has done over 3800 real estate transactions and currently hold a portfolio of properties in the Land, Single Family Home, commercial, as well as large multi-family and hospitality areas.

Over the last few years Jack and his team have expanded the business from flipping properties to syndicating large multi-family property acquisitions that provide steady and above average cash flow for the investors participating in the investments.

Find more about Jack’s services at his website, OrbitInvestments.com, or register for his online training course at LandProfitGenerator.com

 

Today’s Panelists

Miranda Marquit | Planting Money Seed

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Kirk Chisholm | Innovative Wealth
Joseph Hogue | Let’s Talk Money YouTube channel

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

MTI017: Managing Your Cash Flow with Chris Miles

Many people and businesses struggle financially not because they have too little income, but because they have serious cash flow issues. Chris Miles is an expert on managing cash flow, and he shares some of his top tips with you in this brand new episode of the Money Tree Investing podcast.

Links Mentioned in the Episode:

 

Panelists In This Episode:

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us on Social Media

MTI013: XBRL and Financial Data with Nate Anderson

HTML shaped and revolutionized the internet, and XBRL is about to do the same with financial reporting. This digital way of reporting financial figures promises to make financial data more accessible than ever before! This week Nick interviews Nate Anderson, an XBRL enthusiast with a Masters degree in Accounting, to explain this upcoming technology and what it will mean for you as an investor.

Resources mentioned in the episode:

XBRL Nexus – Nate Anderson’s blog

XBRL International organization

XBRL US Data

XBRL Library’s:

Python: Arelle

C#: Gepsio

Java: XBRL4

Learn programming:

CodeCademy

Udacity

Applications which use XBRL:

Rank & Filed

Idaciti

Sector 3

Calcbench

Other:

Securities and Exchange Commission (SEC)

Sample XBRL document

FinViz stock screener

7 Steps to Understanding the Stock Market by Andrew Sather

Morningstar

YCharts

S&P Dividend Aristocrats

 

Panelists In This Episode:

For a quick bio of each of our show participants, head on over to our panelists page.