Flip & Dani review week 12 videos and give you their top takeaways for each episode. Whether you missed an episode this week or just want to hear our top takeaways, you’ll love these weekly recaps!
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This is our week in review with Key Takeaways from each day.
Episode 78 - A Lesson from Warren Buffet
"If you don't find a way to make money while you sleep, you will work until you die." – Warren Buffet. Stop trading your time for money. Or you'll work the rest of your life. Plain and simple.
youtu.be/w_B5Gpfkt4U
Episode 79 - Limited Partner vs General Partner
A limited partner is somebody who invests capital into the deal but they're not a part of major decisions. They're a passive part of the deal and have limited liability which is capped at their investment amount. General partners are the ones doing the work. They have full management control and unlimited liability.
youtu.be/kvq-fnQQ1hU
Episode 80 - Generational Wealth Part 3
The Step-Up in Basis is going to reduce potential capital gain taxes for the beneficiary. This is one of the most tax-efficient ways to accumulate and pass on wealth for future generations.
youtu.be/s42rGM0np_M
Episode 81 - How We Made Our First Million
There is no rule that you have to make your first million in a certain amount of time or by a specific age. The reason we had the confidence to purchase acquisition of this size is because of everything we built up to that point.
youtu.be/m4jQDW3sAXw
Episode 82 - What Is Freedom Day?
Freedom changes with time and is different for each person. Freedom Day is the day you can afford to have money not be the primary factor in deciding how you spend your time. Health is also a key factor in freedom, making sure that you're taking care of your health.
youtu.be/RLkeUgeM5Qo
Episode 83 - Week 12 Live Progress Update
We did another LOI on another apartment complex and we're finalizing the loan options on the 48-unit that we've been talking about the past few weeks. And we declined to another apartment complex. Make sure that you're not being emotional about these purchases and pay attention to every single red flag that pops up.
youtu.be/xme2eymzShA
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