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#219 - From Flipper to Rental Investor to Lender - Derek Dombeck
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Joining us on today's Living Off Rentals episode is someone who has been in the real estate world since 2003. He is a successful real estate investor involved in thousands of transactions, from rentals to flips to lending.
Derek Dombeck is also a speaker and a best-selling author who is passionate about teaching and mentoring people to help them improve their financial situations through real estate investing. He has a podcast called Generations of Wealth Podcast, where he seeks to help listners "Nurture prosperity over time."
Listen and enjoy the show!
Key Takeaways:
[00:00] Introducing Derek Dombeck and his background
[05:17] How Derek started his real estate investing journey
[11:28] How does a typical deal look like?
[14:33] Most people pay too much for their deals
[17:33] A good candidate for a loan
[20:40] The market shifts
[25:00] Facilitating deals than just buying/owning real estate
[34:40] The attitude of not quitting
[37:51] The mindset shift
[39:46] Connect with Derek Dombeck
Guest Links:
Website: https://thegenerationsofwealth.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
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