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    Taking the First Step Toward Real Estate Investing with Dr Ben Dohrmann

    enMay 03, 2021
    Mistake FREE Real Estate With Marck de Lautour
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    About this Episode

    Joining the Real Estate World with Dr. Ben Dohrmann

    If you could no longer work, would you manage to maintain the same lifestyle you have now? This question was the turning point for Dr. Ben Dohrmann when it comes to investment. In this episode, Dr. Benn will be talking us through his journey to joining the real estate world, the mistakes he made, and his chiropractor business.

    Dr. Ben is a chiropractor here in the Northland of Kansas City. He has been in practice for 12 years, been married for 19 years, and has three amazing children.

    If you have been longing to join the real estate world, but you have been developing cold feet, this episode is for you.

    Listen in as Dr. Ben shares his journey. 

    Key Talking Points of the Episode:

    [01:12] Getting to know Dr. Ben

    [01:58] How Dr. Ben met Dr. Shane Bisson

    [04:44] How Dr. Ben's mindset has evolved 

    [06:13] Dr. Ben's morning routine

    [08:44] How Dr. Ben invested his discretional income

    [14:51] Dr. Ben's take on Real Estate as a buy and hold mechanism

    [15:47] Dr. Ben's financing strategy

    [18:25] Books that have impacted Ben in the last 12 months

    [20:13] How has clarity changed Ben's business?

    [21:08] Employee engagement

    [22:31] Ben's mistake in real estate

    [25:33] Ben's final thoughts

    Quotables:

    • "I think sometimes when you take take take; you don't have the luxury of receiving all the blessings that could come your way."
    • "Money is just a byproduct of helping people."
    • "The best time to invest in real estate was yesterday, and the next best time is tomorrow."
    • "Don't let the inmates run the asylum."
    • "The healing process starts at the front door."
    • "Whatever you need to get done, you already have the people in your network to get where you need to go."

    Resources Mentioned:

    Books

    Recent Episodes from Mistake FREE Real Estate With Marck de Lautour

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.

     

    Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!

     

    Key Talking Points of the Episode

     

    00:00 Introduction

    01:43 How does Collective Genius help us give back?

    03:26 What are our biggest takeaways from the event?

    06:53 What makes this recession different from 2008?

    08:46 Where do we stand on inflation rates today?

    12:44 How is inflation crushing the middle class?

    14:38 How can real estate investing set you up for the future?

    17:34 What is the greatest threat to every investor’s portfolio?

    21:31 What does real estate value appreciation look like today?

    23:32 Why should people take advantage of Fannie Mae loans?

    26:42 What is happening in the new construction market today?

    31:16 What are we experiencing in the turnkey market today?

     

    Quotables

     

    “The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”

     

    “Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”

     

    “Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”

     

    “Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”

     

    “If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”

     

    “Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”

     

    “Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”

     

    Links

     

    Book: Principles for Dealing with the Changing World Order

    https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg

     

    Mistake FREE Real Estate With Marck de Lautour
    enApril 06, 2023
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