Brian Waters, LA County Fire Department captain and owner of Code 3 Invest, talks with Peter about his journey in real estate investing. They discuss the importance of diversifying income sources, the risks of relying solely on a firefighter's salary, and the benefits of investing in real estate. Brian shares his personal experience with investing in rental properties and explains why he believes it is a more secure and profitable investment strategy. They also touch on the topic of 457 retirement plans and the potential drawbacks of heavily investing in them. Brian discusses the correlation between the fire service and the business world, emphasizing the importance of investing in real estate and starting a business. He explains his current business, which focuses on coaching and mentoring first responders on how to buy rental properties out of state and set up tax structures to save money. Waters and Peter also discuss strategies for reducing W-2 income taxes and the benefits of real estate investing.
Hosts: Capt. Peter McKenzie (ret.)
Guest: Captain Brian Waters, Los Angeles County Fire Department / Code 3 Invest
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