As a retired Air Force officer, Dr. Axel Meierhoefer started his first company in 2005, focusing on consulting, employee skill development and program management. These areas remain in place these days within his business and have grown internationally. Axel has always had a love for education and helping people help themselves become successful. As a business owner, he began thinking about applying profits towards retirement, and research clearly indicated that owning real assets would be the best way. It’s also the path that the government supports the most.
This has led to the development of a residential real estate investment portfolio currently worth about $1.5 Million. It’s still growing, and many lessons Axel learned are now available for him to teach, coach and mentor people.
On his journey, Axel has built many relationships, learned about the pitfalls of purchases, and made good and bad decisions that ultimately resulted in reaching economic independence.
What you’ll learn about in this episode:
- How Axel’s time in the Air Force resulted in having to relocate frequently, and how that led to some eye-opening realizations about the power turnkey real estate investing
- Why too many people think the only investment option is found in Wall Street, and why stocks aren’t the best vehicle for growing your wealth
- Why Axel’s clients are often surprised to realize how powerful turnkey real estate investing can be when they drill down into the real numbers
- Axel shares his experiences dealing with the chaotic real estate market and fluctuating interest rates during the market collapse of 2008
- How Axel has worked to refine his “out-of-state turnkey residential real estate strategy” which he now teaches others how to use to build their own impressive portfolios
- How it is easier than ever before to manage properties out of state, as long as you build a strong relationship with turnkey providers and “trust but verify”
- What process Axel follows to help clients determine exactly how they need to build their portfolio to create complete financial freedom by their goal date
- What to keep in mind about things like your credit history and rental or mortgage payment history before you start building a turnkey real estate investing portfolio
- Why it is important to break out of your own victim mentality and see yourself as a creator, and why Axel defines wisdom as the combination of knowledge and experience
- Why finding and investing in a great coach, regardless of the niche you want to operate in, is crucial for your success
Resources:
Additional resources:
Smart Real Estate Coach Podcast Sponsor:
