Becoming a Digital Nomad thru Real Estate with Derek Clifford

Published: July 20, 2023, 7 a.m.

b'Step off the 9-to-5 treadmill and shape a life of freedom through real estate investing! In this episode, Taylor welcomes Derek Clifford, a full-time digital nomad and real estate investor who left his regular 9-5 job in 2021. Derek shares his story on achieving three types of freedom through real estate investing: time, location, and financial freedom. He talks about his journey from buying single-family homes to commercial loans, joint ventures, and investing with other people\'s capital. Derek also reveals the digital nomad lifestyle and how remote work has become increasingly popular. He offers tips on building systems, delegating day-to-day activities, scaling up investments, hiring virtual assistants, creating passive income streams, and more.\\xa0\\n\\xa0\\nThis episode will give you insights on achieving financial freedom and developing a digital nomad lifestyle for yourselves. Tune in now!\\n\\xa0\\n[00:01 - 06:53] Opening Segment\\nThe three degrees of freedom: time, location, and financial\\nDerek and his wife sold their house in the Bay Area to achieve these freedoms\\nHe also has a fund to raise capital for other people\'s properties\\n\\xa0\\n[06:54 - 14:18] Delegating Tasks for Success\\nStarted delegation process by hiring a virtual assistant to do podcast production, social media, newsletters, and financial updates\\nDerek shares his top project management tools: Asana, Monday, and ClickUp\\nAvoid the mistake of abdicating rather than delegating by being service-minded and considering other person\'s perspective\\n\\xa0\\n[14:19 - 24:14] Invest in Your Education and Make Smart Acquisitions Now for Maximum Profit\\nTalk with your supervisors and see if there\'s a way to get yourself remote\\nTackle time freedom or location freedom first\\nEducation is always going to be something that you\'ll never regret\\nFocus on finding a great property manager when buying properties out of state from a distance\\nBuild relationships with other investors and understand who they are as a person\\nKnow where your talents are and leverage them to partner with other people\\n\\xa0\\n[24:15 - 30:54] Closing Segment\\nBest investment: one\'s spouse as they set you up for success\\nWorst investment: a joint venture in Indianapolis\\nThe most important lesson learned: having patience\\n\\nQuotes:\\n\\xa0\\n"If you\'re interested in the digital nomad lifestyle, the first step is to believe. The second step is to learn how to achieve." - Derek Clifford\\n\\xa0\\n"Education is always going to be something that you\'ll never regret. That\'s the gold standard. No one\'s going to tell you not to get educated in this business." - Derek Clifford\\n\\xa0\\n"If you show me a successful spouse, then I\'ll show you a successful person." - Derek Clifford\\n\\nConnect with Derek!\\nPodcast: www.ElevateEquity.org/podcast\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\n\\xa0\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'