Wealth Matters By Alpesh Parmar

098: Self Directed IRA to invest in Real Estate with Dmitriy Fomichenko


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Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.


(00:01-04:46) Opening Segment

- Introduction of the guest, Dmitriy Fomichenko into the show

- Dmitriy shares something interesting about himself


(04:47-30:27) The Journey to Real Estate Investing and Using Self-Directed IRA to Invest in Real Estate

- Dmitriy tells how and when he started to invest in real estate

- Benefits of investing out of state

- Dmitriy shares where he invests and the asset class he invests in

- Advantages of investing in private money lending

- How to value the asset, market, and team?

- Worst Deal Dmitriy had

- Best Deal Dmitriy had 

- Biggest lesson Dmitriy learned from investing in the various asset class

- Dmitriy's recommendation for people who cannot do solo 401K? Is Self-Directed IRA better?

- Difference between Solo 401K and Self-directed IRA

- Why use a self-directed IRA to invest in real estate?


(30:28-30:53) BREAK


(30:54-30:59) Second Segment

- Welcoming listeners back and re-introducing podcast guest, Dmitriy


(31:00-34:55) Fire Round

- Will Dmitriy change his business strategy after Coronavirus?

- Favorite real estate finance or and personal development related book?

- Website or tools that Dmitriy recommends

- How does Dmitriy give back?

- How can Wealth Matters Podcast listeners reach out to Dmitriy?


(33:56-34:19) Closing Segment

Reach out to Dmitriy by visiting his website www.sensefinancial.com

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Wealth Matters By Alpesh ParmarBy Alpesh Parmar

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