098: Self Directed IRA to invest in Real Estate with Dmitriy Fomichenko

Published: Oct. 15, 2020, 3 p.m.

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Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.

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(00:01-04:46) Opening Segment

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- Introduction of the guest, Dmitriy Fomichenko into the show

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- Dmitriy shares something interesting about himself

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(04:47-30:27) The Journey to Real Estate Investing and Using Self-Directed IRA to Invest in Real Estate

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- Dmitriy tells how and when he started to invest in real estate

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- Benefits of investing out of state

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- Dmitriy shares where he invests and the asset class he invests in

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- Advantages of investing in private money lending

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- How to value the asset, market, and team?

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- Worst Deal Dmitriy had

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- Best Deal Dmitriy had 

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- Biggest lesson Dmitriy learned from investing in the various asset class

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- Dmitriy's recommendation for people who cannot do solo 401K? Is Self-Directed IRA better?

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- Difference between Solo 401K and Self-directed IRA

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- Why use a self-directed IRA to invest in real estate?

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(30:28-30:53) BREAK

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(30:54-30:59) Second Segment

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- Welcoming listeners back and re-introducing podcast guest, Dmitriy

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(31:00-34:55) Fire Round

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- Will Dmitriy change his business strategy after Coronavirus?

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- Favorite real estate finance or and personal development related book?

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- Website or tools that Dmitriy recommends

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- How does Dmitriy give back?

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- How can Wealth Matters Podcast listeners reach out to Dmitriy?

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(33:56-34:19) Closing Segment

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Reach out to Dmitriy by visiting his website www.sensefinancial.com

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