The Process Podcast is hosted by Jeff Sherman
My guest today is the founder and CEO of Real Estate Worldwide, where he leads an amazing team of individuals that are focused on building disruptive systems that push the entrepreneur dream and the real estate industry forward. His goal is to help to “wake people up” to the real possibilities in today’s amazing real estate market and beyond. In his first 10 years, He has been able to have a positive impact on over 20,000 entrepreneurs around the world. His mission for the next 10 years is to impact 2 million people and to change their lives and create their own “dent in the universe”. In this episode, Kent and I cover several key topics including:
KEY TOPICS
- The Wholesale Real Estate Industry
- How To Accumulate Assets To Create Wealth
- Tax Benefits And Tax Deductions
- How To Leverage Powerful Teams
- How To Keep Your Money Looping
SHOW NOTES
- From 💯 to 0 [02:30]
- It only took me 22 months to lose everything I ever had [04:20]
- Burned every single bridge on the way down [04:50]
- Should’ve filed for bankruptcy but didn’t [05:10]
- In a bad place and suicidal [05:25]
- Thinking I was smarter than I was [05:40]
- The comeback in the wholesale real estate industry [06:00]
- In 18 months I made about a million dollars [06:40]
- I turned it around and turned it into a business [07:00]
- I became passionate about not making the same mistakes [07:30]
- I created a process and started helping people (6000+) [08:30]
- Wealth is created by actually owning the asset and holding it [10:15]
- Always start with the end in mind [12:50]
- Tax benefits with Self Directed IRAs [13:50]
- Accelerated Depreciation [15:25]
- Tax free investment, tax deductions, and ROI [16:00]
- The wealthy use real estate as a mechanism to for tax deductions [16:30]
- Self Directed IRA custodians [17:20]
- How to get started with rental properties [19:00]
- Knowing how to leverage powerful teams [20:15]
- The more properties you own the less risky it is [21:07]
- Get started with 2 or 3 the first year [21:25]
- The worst thing to have is Dead Money [22:06]
- You want to keep your money looping [22:20]
- The long term play [25:10]
- In 15 years your $150k asset is now $250k [26:00]
CONNECT WITH KENT
- Instagram: @kentclothier
- Facebook: @kentclothier
- Youtube: Real Estate Worldwide
- Website: kentclothier.com
For more episodes of The Process Podcast visit us at www.theprocessshow.com
