REI075: Financial Planning + Real Estate Investing w/ Mark Willis

<p>On today’s show, Robert Leonard chats with Mark Willis to talk about how to properly manage real estate properties, proactively use equity, tax reduction strategies, other creative real estate funding solutions, and much, much more. Mark is a Certified Financial Planner (CFP), a three-time #1 best-selling author, and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. He is also the co-host of the Not Your Average Financial Podcast.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>3:51 - Why many financial advisors and planners don’t recommend real estate to their clients and why Mark made the switch to real estate&nbsp;</li><li>6:39 - How to properly manage real estate properties</li><li>12:23 - What it means to “proactively” use equity and how to do it </li><li>15:48 - How real estate plays into someone’s tax strategy and what the other components of a tax strategy are </li><li>19:59 - The benefits of doing financial planning and preparations one can do to achieve early retirement&nbsp;</li><li>29:11 - What the worst and most common mistakes people are making financially</li><li>32:11 - What the very first thing to look at when assessing one’s current financial position and where to begin in one’s personal finance journey</li><li>And much, much more!</li></ul><p><br></p><p><strong>BOOKS AND RESOURCES </strong></p><ul><li><a href="http://instagram.com/therobertleonard" rel="noopener noreferrer" target="_blank"><strong>Get more FREE content from Robert</strong></a></li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer" target="_blank"><strong>FREE audiobook from Audible</strong></a></li><li>Mark Willis’ podcast, <a href="https://nyafinancialpodcast.com/" rel="noopener noreferrer" target="_blank"><strong>Not Your Average Financial Podc