Ep 24: A Different Perspective to Real Estate Investing With Lance Moskal
Our guest on the show today is Lance Moskal. Having worked as a tax consultant, Lance has explored ways to create wealth by paying a smaller amount of taxes than what he’s making, he has researched networking trends to create wealth and business for the future. He’s here with us today to share his different perspective on real estate investing than the more known people we might hear from. It’s interesting to hear something different for a change! If you’re interested in investing in real estate, you’re not sure where to begin or even whether you have enough money to invest, you’ll find this talk with Lance helpful. He covers all the important steps, starting with your first investment. He encourages you to overcome hurdles and shares his own experiences with investing in real estate. For an informative and insightful conversation, keep listening!
Key Points From This Episode:
Lance’s drive to build a business and create wealth.
Why real estate was attractive and something Lance was interested in.
Looking at the profit margin of a business.
Hurdles to overcome, starting with your first investment.
Exposing yourself to real estate and investing through networking.
The importance of educating yourself and taking action.
Researching and understanding different investment vehicles.
The most significant tax advantage - to buy and hold.
Knowing what you want and knowing what you don’t want.
Setting clear goals for what you want to achieve.
How family changes your perspective on real estate investment.
Deciding whether it’s the right time to quit your job.
Being in control of your investments.
Going from being a passive investor to an active investor.
Lance shares some of his personal experiences with real estate investments.
Not being afraid of losing time and money - learning through experience.
Lance discusses his vision going forward and what to expect in 2020.
Partnerships in investing and whether it’s worth it.
Leveraging your own experiences.
“Real estate is all about leverage.” — Lance Moskal [0:02:29]
“You’re never gonna catch a fish unless you got lines in.” — Lance Moskal [0:10:10]
“The first deal does not need to be the perfect deal.” — Lance Moskal [0:10:20]
“Knowing why it didn’t work is just as important as knowing what you want and knowing what you don’t want.” — Lance Moskal [0:13:05]
Links Mentioned in Today’s Episode:
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Connect with Chris - https://linktr.ee/chrisgrenzig
Toro Real Estate Partners - http://tororep.com/
The Real Estate Investing Experience - https://www.thereiexp.com/
The REI Experience YouTube - https://www.youtube.com/channel/UCjt6pmkA8ogACZ26oqhBM0g
The Real Estate Investing Experience Podcast - https://podcasts.apple.com/us/podcast/the-real-estate-investing-experience/id1481520260