Podcasts Business Investing Rental Property Owner & Real Estate Investor Podcast EP074 How an Auto Accident Can Change Your Priorities in Real Estate. Transitioning from Small Multi's to SFH's, Leaving Grand Rapids, 1031 Exchanges, and Self-Directed IRA's with Lonnie Shields

EP074 How an Auto Accident Can Change Your Priorities in Real Estate. Transitioning from Small Multi's to SFH's, Leaving Grand Rapids, 1031 Exchanges, and Self-Directed IRA's with Lonnie Shields

Published: June 12, 2017, 5 a.m.

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In 2012 Lonnie Shields and his wife were driving down the Beltline when their lives changed forever in an auto accident.\\xa0 Today Lonnie & I talk about that accident, and the role real estate investing has played on their road to recovery.

Lonnie shares his thought process in determining to sell off his small Multifamilies in Grand Rapids and invest in Single-Family Homes in a new, less expensive market.\\xa0 We discuss the 1031 exchange he\'s currently doing by selling a 5-unit and purchasing 8 to 10 Single Families in Muskegon, Michigan.

We also talk about Self-Directed IRA\'s, and how Lonnie prefers using his SDIRA as a way to invest in two SFHs instead of the stock market, where he was losing money every year.\\xa0 Lonnie also talks about reconciling his Christian faith with the realities of being an investor and landlord, and the effect it has on his trust in sellers, contractors and tenants.

Lonnie is also a big believer in the benefits of being an RPOA member.\\xa0 If you\'d like to learn more about the RPOA, go to www.rpoaonline.org\\xa0 And please be sure to give this podcast a review & rating on itunes.

Enjoy!

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