In today’s episode, Carmen and Jordan are joined by retired Financial Planner, Jim Steele, who talks about his life experience investing in public investment products compared to his newly found avenue of real estate investing. Throughout their discussion, Jim and our hosts explore the definition of mortgage lending, Jim’s due diligence process, a case study of one of his investments, and both Jim’s ‘why’ for investing in real estate, and his advice for others who may be thinking of getting started in it as well. An experienced, thoughtful, and conservative investor, Jim has a uniquely insightful perspective on investing in real estate products, rendering this yet another ‘must listen’ episode.   Episode Highlights:  

• Jim’s background
• His start in real estate investment related products
• Jim’s current investments
• Mortgage lending
• His due diligence process
• A case study of one of Jim’s investments, the Dover Coast project
• Using home equity to invest
• Jim’s ‘why’ for his investments
• His advice for others

Quotes:    “The problem is that the clients were happy when they had some years when it was double digits, and some years when it was negative double digits. So, therein lies a problem.”   “Everything that my clients did, I did first.”   “There’s great upside with mortgage lending and it is secured on real estate.”   “We love it.”   “It was easy – we did it from home.”   “It’s fun making a lot of money.”   “You pick the best of the best before I even see them. I have the opportunity then to screen it as well.”   “God did not prosper us to raise our standard of living, but to raise our standard of giving.”   “You’re an inspiration.”   “Do some homework, ask questions…crunch your own numbers…and then do one.”   Links:   30 Minutes to Wealth homepage:   https://www.30minutestowealth.com/   Download Your Public Investment Chart Here!