In the latest episode of the Money Mastery Unleashed podcast, host Adam Olson catches up with his childhood friend and real estate investor Derrick Reinhart. They reminisce about their early days before diving into Derrick's journey into real estate after college. Derrick shares how he started by browsing real estate listings during his free time at his desk job, leading to his first major purchase - a 16-townhome complex.
He stresses the importance of using spare time productively, even while working a full-time job. Derrick's approach to investing focuses on finding and adding value to properties, particularly Airbnbs, and he emphasizes the significance of location, especially near water. He also discusses the benefits of diversifying in real estate, the ease of managing commercial properties, and the importance of partnerships in business ventures.
Derrick reflects on the need for balance and patience in building a portfolio, and the value of seeking expert advice. Derrick also shares his thoughts on the stability of residential real estate and his plans to potentially create a real estate fund to help others build wealth.
"I don't live with regrets; I don't worry about things I can't control. I just do what I can and let things go." - Derrick Reinhart
What you will learn:
Long-term Perspective and Family Planning
Commercial Property Investment Strategy
Property Management and Outsourcing
Residential vs Commercial
Learn more about Adam Olson by visiting the following links:
Personal Website
Business Website
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Investing involves risk, including loss of principal.
Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone.
Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.
Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
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