Sign in to confirm you’re not a bot
This helps protect our community. Learn more

How to Become an Armchair Real Estate Millionaire (Follow This!) | Michael Dominguez

SmartStay Show
44.4K subscribers
<__slot-el>
<__slot-el>
2K views 2 years ago Podcast - Full Episodes
➢ Subscribe:    / @smartstayshow   We're speaking with an excellent guest during this episode, with a story that is entirely relatable to people looking to make a change from their existing 9-5 careers into a pragmatic and patient real estate journey or for people looking for their first home and realizing that an investment property might be the right direction. Michael Dominguez, an award-winning sales representative at RE/MAX Jazz Inc. Brokerage and the founder of Doors to Wealth Real Estate Group, a team of realtors focused on educating and assisting people in residential real estate. One of the major and recurring lessons of this episode is that your first home should be thought of more as an investment opportunity than as a status symbol. No get rich quick, no crypto millions, no 1,000 doors in 24 months - we're talking about setting forward on reasonable pathway to financial freedom, and cautiously but consistently adding to a portfo …...more
...more
How to Become an Armchair Real Estate Millionaire (Follow This!) | Michael Dominguez
40Likes
2,082Views
2022May 31
➢ Subscribe:    / @smartstayshow   We're speaking with an excellent guest during this episode, with a story that is entirely relatable to people looking to make a change from their existing 9-5 careers into a pragmatic and patient real estate journey or for people looking for their first home and realizing that an investment property might be the right direction. Michael Dominguez, an award-winning sales representative at RE/MAX Jazz Inc. Brokerage and the founder of Doors to Wealth Real Estate Group, a team of realtors focused on educating and assisting people in residential real estate. One of the major and recurring lessons of this episode is that your first home should be thought of more as an investment opportunity than as a status symbol. No get rich quick, no crypto millions, no 1,000 doors in 24 months - we're talking about setting forward on reasonable pathway to financial freedom, and cautiously but consistently adding to a portfolio. Shortly after becoming a realtor in 2008, Michael purchased his first investment property, proceeding to add to his portfolio for 10 consecutive years. Michael is the author of Armchair Real Estate Millionaire - If You're Sitting There Anyway, You Might As Well Build Your Wealth. Things we discussed in this episode:
  • Pivoting from a corporate career at age 43 into real estate
  • Entering the real estate world during the sub-prime mortgage crisis
  • Building long-term wealth through real estate with ADUs
  • Picking ADU-friendly markets
  • How ADUs can improve affordable housing in municipalities
  • How first-time homebuyers should consider properties that can include ADUs
  • Should investors get a real estate license of their own?
  • Focusing on the "Hold" element of the Buy + Hold Strategy
  • Becoming a millionaire by investing in just three properties
  • The power of effective leveraging
  • Learning how to constantly re-evaluate your portfolio
  • Not looking toward the "forever home" as one's first home purchase
  • The value of who not how.
Get in touch with Michael: Website - https://armchairrealestatemillionaire... Instagram -   / armchair_wealth   Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateinvestor #careerchange #firsttimehomebuyer #buildingwealth #accessorydwellingunit ___________________ The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill. This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative. The Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments.   / therealestatelawpodcast     / nexthometitletownrealestate     / nexthometitletownrealestate   AND PLEASE... 🚨 DON'T CLICK THIS LINK!! 🚨 - https://bit.ly/3rh6hdb
Podcast - Full Episodes
SmartStay Show

Follow along using the transcript.

SmartStay Show

44.4K subscribers