How to Generate Passive Income Through Real Estate with Ola Dantis - Episode 202

How can we keep the cash flowing? Ola, a professional entrepreneur at heart, joins Curtis May to discuss his experiences on investing in real estate. He shares his experiences in owning and managing multifamily properties and turning them into ventures worth over $40,000,000. Ola believes that success does not always come grandly all the time. It is disguised in simple and small events that you may encounter every day. You just have to be vigilant to spot these opportunities. In this episode, he will share a book that boggled his mind and the importance of reading to achieve success. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com  Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - [email protected] Call his office - 610-622-3121 Connect with Ola Dantis https://www.instagram.com/oladantis/?hl=en https://www.dwellynn.com/invest Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Who is Ola? - 0:40 What got him into the real estate space? - 2:55 Chasing the wrong American Dream - 4:07 Success doesn't come in a fancy present - 5:35 Being successful involves reading - 7:25 House-hacking - 8:33 Investing is not buying something - 9:48 The process of looking for a property - 11:27 Rich Dad, Poor Dad: A book to help you create value - 12:58 You need a mentor - 13:48 Be a sophisticated investor - 15:45 People think it's always about how much money you make - 16:56 Depreciation and Cost-Segregation; Leveraging tax benefits - 21:34 Amplify the existence of the real estate biz - 21:59 One of the biggest expenses is the mortgage - 23:30 6% Prefer Rate of Returns and the 60:40 Method - 24:18 Buy a property, do your best, pass it on - 27:17 Force appreciation and Net Operating Income - 28:41 Business is a numbers game - 31:15 Give back to the community - 32:03 Best way to reach Ola - 33:15 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS