222: Funding and Protecting Your Real Estate with Bruce Mack

Published: June 24, 2019, 2 p.m.

b'Bruce Mack, owner and founder of Platinum Financing Group, knows that his funding options and asset protection programs are the perfect solution for all business owners to achieve complete financial freedom. As a licensed financial advisor and former owner of a licensed and bonded credit repair company, Bruce empowers small business growth through customized funding options, including lines of credit, corporate credit building programs, and more. He\\u2019s especially passionate about educating clients on asset protection and the tax mitigation benefits of his unique, specialized Business Trust. Bruce is here today to share his expertise to help you find the right funding option for your business
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\\nKey Points
\\nHow to find funding options for your real estate deals
\\n\\xa0Finding and buying distressed properties
\\nProtecting your assets with a trust
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nGetting financing. With initial capital to invest, Bruce was able to secure financing options.
\\nDo you have a personal habit that contributes to your success?
\\nNever giving up.
\\nDo you have an online resource that you find valuable?
\\nNationwide access to the MLS
\\nWhat book would you recommend to the listeners and why?
\\nThe One Minute Manager by Ken Blanchard
\\nIf you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
\\nGet started sooner.
\\nResources
\\nVisit Audible for a free trial and free audiobook download!
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\\nPlatinum Financing Group
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\\nPlatinum Trust Group
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\\nHe started his real estate training after graduating college where he worked for Franklin Covey for 3 years. With limited experience, he purchased three properties in a span of 30 days each returning a hefty profit $88,000, $76,000 and $74,000. This allowed him to quit his job and go on to build several successful businesses such as: a construction company, mortgage brokerage, real estate consulting company, development company and dealt with multiple investments in numerous real estate properties and construction projects.
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\\nIn 2004, Greg was able to flip a total of 104 homes in the Salt Lake area. His success allowed him to expand his business to Arizona, Idaho, Nevada and Massachusetts. His business was involved with over $175 million in real estate. This allowed him to spend quality time with his children where they traveled often together.
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\\nIn 2008, Greg was hit hard by the real estate meltdown. He lost everything; except the people whom he cared for the most, his Children. Their unconditional love and support inspired Greg to use his knowledge and expertise to bounce back and rise above his struggles despite having no money and credit.
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\\nGreg just exited a project in 2018 controlling over 1,000,000 sq. ft. of residential and commercial real estate in and around Dayton, OH; in addition to 57 properties flipped in the Columbus, OH market.
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\\nGreg has built a new business, Breakaway Training LLC, where he provides an affordable solution for people interested in learning and mastering valuable skills in real estate without breaking the bank to get an education.
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\\nKey Points
\\nFrom rags to riches to rags
\\nFrom picking up his first Carlton Sheets course to flipping homes
\\nGreg has learned everything he knows in business from coaching girls soccer
\\nFinding flip properties in foreclosure
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nMindset. Greg improved his mindset by reading books, focusing on positive thinking.
\\nDo you have a personal habit that contributes to your success?
\\nReading.'