Lessons From The Great Recession and Being a Private Lender with Derek Dombeck

Published: Sept. 12, 2022, 7 a.m.

b"Join our upcoming webinar: www.passivewealthstrategy.com/webinar/\\nDerek has been a successful Investor since 2002. He\\u2019s been through the ups and downs of the markets and has the scars to prove it. He has been involved in hundreds of transactions in his career. He\\u2019s done wholesaling, flipping, landlording, lending, and countless of other investment strategies throughout the years.\\n\\xa0\\nDerek loves negotiating with sellers. He loves to put together creative solutions for sellers that few other investors can put together.\\xa0 Derek loves giving back to the real estate community. Derek is also a coach and mentor who has a passion for helping others be successful too.\\n\\xa0\\n[00:01 \\u2013 05:19] Opening Segment\\nDerek started as a house flipper and landlord in 2003\\nThe Move to Private Capital\\n\\xa0\\n[05:20 \\u2013 15:13] Lessons From The Great Recession and Being a Private Lender\\nBlessings in Disguise and Tough Lessons from the Great Recession\\nRisking Your Primary Residence and Banks\\nReal estate long-term financing sets it apart from Wall Street\\nDerek talks about his book on the private lending process\\n\\xa0\\n[15:14 \\u2013 25:21] Raising Investor Capital\\nDerek\\u2019s Private Money Lending Rates\\nCreative Deal Structuring: Stacked strategies\\nDerek\\u2019s Client Investor Avatar\\n\\xa0\\n[25:22 \\u2013 32:32] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you've ever made other than your education?\\nJoining several masterminds\\n\\nDerek\\u2019s worst investment\\nA house that cost him a lot of cleanups\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\n\\u201cPeople are way too quick to blame somebody else.\\u201d\\n\\u201cDon\\u2019t become enslaved to a bank.\\u201d\\n\\n\\xa0\\nConnect with Derek through https://bestreifunding.com and derek@bestreifunding.com.\\nJoin their advanced strategies and networking conference at Cancun on February 2023 by going to Generations of Wealth.\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cNever lend money on something you would not want to own.\\u201d \\u2013 Derek Dombeck\\n\\u201cBest investment, hands down, is a decent mastermind peer group of people that are going to help you get to that next level.\\u201d \\u2013 Derek Dombeck"