According to Del, a great deal of change can be implemented from numbers and what they mean to you. So often, the full understanding of our financial position falls by the wayside, dropping the veil over a better life. But, there is an investment out there, and a process to it, that can dramatically improve your life through empowerment, awareness and control.
(February 24, 2017) The Convergence of Financial Empowerment Financial Awareness & Financial Control
Quite often we pit real estate investing against the working world on this show, but what about the world of business? Rarely do we take a pound-for-pound look at multifamily investing against virtually any other type of business in the world. Fortunately, Del Walmsley and our Houston Multifamily Mentor, Curtis Haines, have this look at how multifamily investing stacks up!
On this show, Del Walmsley ties one hand behind his back before tackling Dave Ramsey’s 5-7 yr. plan to pay off the mortgage to prove that life amounts to more than just settling debt and paying your bills.
Scott has spread just about every bedrock Lifestyles Unlimited investment concept across his six multifamily properties. He’s used yield plays and value plays to benefit from up markets and down. He’s invested in massive projects for holding and smaller projects for 1031 exchanges. His ownership style becomes more macro by the day. He’s branching into new parts of the country and into new types of apartment communities. Simply put, this is someone who took our investment playbook and ran with it.
One of the most financially conservative petroleum engineers in the Lone Star State meets his match with the most streamlined real estate investment group in the country. The result? Checks in the mail. See how John went from a cautious observer of the goings-on at Lifestyles Unlimited to one of our featured Passive Income Panelists at this year’s Wealth & Passive Income Expo.
“Cost Segregation,” the name isn’t sexy but the results definitely can be! It is a powerful tool enabling Commercial and Multi Family property owners to cut their federal income tax burden. Many owners have never heard of Cost Segregation. Unfortunately, many of their tax preparers, including many CPAs, have not heard of it either…
Today, we look back at an older Del Walmsley Radio Show to understand one of the foundational concepts of our organization – the Maturity Continuum – which is a spectrum of three professional stages characterized by varying levels of income control and financial independence. Looking for a way out of the rat race? Your map and your vehicle has arrived.
We all know that wealth building is a series of steps. That much is easy to grasp. But, what is more counterintuitive is the idea that there is a threshold at which your wealth builds upon itself. It snowballs into the constant deployment of net worth into income-producing assets, the decline in savings, the establishment of the “family office,” and an array of best practices and tenets to inform/guide future generations. Del and Curtis’ conversation today is as much electrifying as it is groundbreaking!
When you take your first look at Del Walmsley, dancing likely isn’t the first thing that comes to mind. Yet for a time, this was one of his larger interests in life. So, why should you care about this seemingly odd fact about Del? It lends a perfect perspective of the learning process here at Lifestyles Unlimited and in life overall.
Philip and Ann are a couple that put everything into their traditional working lives. They poured themselves into their jobs in IT and Quality Assurance. At times, they saved as much as 42% of their income. They followed the path they were raised to follow. But, in all those years of effort, they would never move as fast as they have in just three short years of multifamily investing.