How Start Investing in Real Estate, Invest in a Worry-Free Financial Future
Today we have David Vernich. He's a commercial lender is three decades of experience in the baking industry. And like a lot of us, he partnered with other investors and decided to purchase real estate and begin his journey to generate passive income. You know, I know a lot of you are thinking about that. You're thinking man, what can I do? How can I generate some of that passive income? Well, David now owns more than 100 homes in Tennessee. And he's passionate about helping others, we want to talk a little bit about his journey. And his new book: “Middle class to millionaire”
In this episode, we’re discussing…
[2:51] How he started, about his background
[4:48] What was it about him and his realization about his 401K?
[7:15] What is passive income and how does it work?
[9:27] How does he get his partner? If he does limited partnership, syndications?
[11:17] If he had a big-time mentor, or a program coaching?
[13:22] Why isn’t a home an asset, and how can it become one?
[15:37] Buying for cash flow vs. appreciation
[21:58] The importance of having a financial plan
[26:12] How to get started with real estate
[28:17] What is money scoreboard?
Resources from David
ABOUT DAVID VERNICH
David Vernich is a commercial lender with more than three decades of experience in the banking industry. In 2007, he partnered with other investors to purchase real estate and began his journey to generate passive income. David now owns more than one hundred homes in Tennessee and is passionate about helping others reap the benefits of passive income in their lives.