Wealth Academy Podcast - Episode #89 - Financial Coaching Session #7 With Dr. Askia Davis, Sr. & Financial Coach Vann - Real Estate Investing

When it comes to setting up your financial plan and strategy for your portfolio, including real estate is a wise choice. During this episode of Wealth Academy Podcast, Enter To Win Coaching Session #7 focuses on real estate and how it can generate wealth for you.Coach Paul Vann shared his experience purchasing a single-family house in Texas and it was leased out to tenants for several years and then sold years later.  Coach Paul purchased his first property while employed by Mobil Oil Company and it has proven to be one of his best investments because he more than doubled what he paid for it. Coach Vann also purchased a house when he moved to the state of Maryland and it has proven to be another property whereby the value of the property has tripled in value and will continue to do so as a result of the inventory of properties  available for sale is at an all-time low. I encourage people to search for the neighborhood and location of a property that has long-term value, such as an entertainment complex, access to major  highways, schools, airports, shopping, restaurants, and more. A house provides a wonderful tax break and adds to the net worth of owners as well.Dr. Davis, Sr. invested in the New York City real estate market which is one of the most expensive in the U.S. He shares how he started out in the real estate market when properties were low, and over time he has experienced a great return on his investment. Dr. Davis pointed out the importance of working with a real estate lawyer that knows properties inside, out such as the physical structure of a building. Coach Vann and Dr. Davis encourage listeners to invest in real estate and preface this episode by stating they are not real estate agents or brokers, thus they provide a disclaimer letting you know your best decision for investing in real estate should include a real estate agent, broker, or lawyer and accountant on your team whether it's for a single-family property, brownstone, duplex, apartment or office building.Encourage your family, friends, and or colleagues to tune in and listen on Apple Podcasts, rate and review this episode, and provide a 5-star rating. Host - Coach Paul Lawrence VannEmail - [email protected] - (800) 341-6719