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Are you prepared should your company encounter a downturn? Today\u2019s guest knows how to beat the odds and has made it his mission to help employees secure their financial future.

Passive investing is second nature to David McIlwaine who started investing in duplex properties more than 25 years ago. Today, after setting up a multifamily syndication company, his team manages more than 30 LP investments, across 11 different asset classes. This episode takes listeners to his journey from a Fortune 500 executive to one of Denver\u2019s most successful real estate investors.

Key Points From This Episode:\xa0

• What are the ways that employees can be prepared during business downturns?
• How can employees educate themselves better to learn how to make a plan for passive investing?\xa0
• How can employees make the best use of their IRA?
• How soon should they start financial planning using their IRA?
• What are his predictions for the real estate market over the next 6, 12 and 18 months?
• What is his best source for meeting new investors right now?
• What's a syndication struggle that he encountered before?
• What is his best piece of advice for passive investors?
• What are some of the most important metrics that he tracks?
• How does he give back to the community?

Tweetables:

\u201cI chose to leave corporate America, and I got into real estate because I had built a nest egg from my golden handcuffs.\u201d

\u201cMy objective is to teach people how they can take their golden handcuffs and actually make them a golden feather.\u201d

\u201cCorporate America looks out for itself and they never look out for you -- the top performing employee.\u201d

\u201cIn real estate, you can create tax strategies to defer tax, to reduce your W2 tax burden, to actually lower your effective tax rate.\u201d

\u201cIn real estate, we create some diversification. So you can put money into self-directed IRAs and buy real estate in a self-directed IRA, or in a solo 401K.\u201d

\u201cFor people above 30 and older, we are now the first and second generations that have to provide our own nest egg for retirement. There is no pension. There is no safety net.\u201d

\u201cI did a side company that immediately allowed me to have a series of deductions for legitimate business expenses that I couldn't maximize.\u201d

\u201cThe objective when you're working in corporate America is to build yourself not a golden parachute, b

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