After a successful career in the Air Force and in an executive role for a software company, I founded a consulting company in 2005.
The Great Recessions around 2009 introduced me to real estate and the many things it seemed to allow. I had never paid much attention to it but now I began to realize that there was a whole world that had been hiding from me and that I wanted to explore and learn more about.
I studied while rebuilding my consulting company, we moved to San Diego. Finally, I heard about something called the 1031 exchange. Most people described it as complicated, challenging, hard to do, etc. Our house close to Santa Barbara had increased considerably in value, our house in Santa Fe was coming up on a new lease term and I decided we should try the exchange.
This energy allowed me to really dive deep into the exchange, the things needed to make it happen, and become a real estate investor. The biggest epiphany for me was to learn about people who had developed and grown a real estate portfolio that paid them enough money each month so they did not really have to work anymore. They called that financial independence. They also introduced me to another important concept: economic independence. You do no longer have to exchange time for money but generate your income passively from other people’s money. I wanted that. I wanted to become economically independent and be able to decide if I wanted to work or not – without anybody telling me what I had to do.
The more I dug in the more details emerged. The more hurdles appeared. When I finally took a trip to visit all the properties we wanted to purchase within our allowed 6 months window, tons of new stuff came up. One provider suddenly had no properties to sell. Another one had sold some of the properties from our list without telling us. Some properties didn’t get approval from the city or didn’t appraise high enough.
One of the most egregious cases had an appraisal about $100tsd below the asking price and that price was only $300K for a 4-plex to begin with. We had to deal with lenders who seem to have asked for every piece of paper anybody could imagine. I thought they would ask for blood and urine samples of my firstborn next?
Studying the content every waking minute of every day for a year before and during the exchange period made a massive difference and earned us a lot of respect from Lender, title companies, insurance brokers, turnkey providers and many more.
Yes, we own these properties, completed the exchange, and are totally sure that we will grow the property portfolio going forward.
I realized that I should go back to my roots as an educator, instructor, mentor and coach. I always feel this energy when I speak and help people with real estate and from all of that the IDEAL Wealth GROWER system was born.
Now I have the relationships needed to get the deals funded nationwide. I know about the providers for insurance and protection and the folks I can trust when they offer properties to buy.
I wish I had a mentor when we were looking at the future. I wish I had seen the path to economic and ultimately financial independence with passive income as clearly as I do now.
Now we are enrolling people into the IWG mentoring program, offer eBooks and an app to learn how to start your journey.
I feel blessed that I now know that my real passion in life is to be an educator and mentor who helps people reach economic and financial independence.
I know all the assets we are adding to our portfolio will be a legacy that my daughter and many generations after her will be able to enjoy and never be required to exchange time for money.
And that’s why I am so excited to be able to offer you a systematic approach to become financially independent.
That’s why I can’t wait to give you the tools and guide you on your journey toward economic independence and the amazing freedom a portfolio of assets and passive income will give you, your family and build your legacy.