The Dentist Freedom Blueprint Podcast

Preserve Wealth in Economic Downturns - Freedom Founders

Resilience and adaptability are key traits for success in real estate. Today, I am joined by Mathew Owens, CPA and Owner of OCG Properties and OCG Capital. We discuss the transition from active income to passive income for long-term security.

Mathew shares his personal journey of rebounding from a 50k loss to making a 70k profit and the importance of learning from challenges such as contractor fraud and market downturns. Listen in to learn more about what due diligence is necessary, the insight active real estate investing can offer, the benefits of maintaining low leverage and high cash reserves, the importance of building relationships with real estate operators, and more!

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Minute Markers:

  • 04:40 – How being in finance introduced Mathew to working with multi-family real estate.
  • 07:15 – Why he started joint venture flips.
  • 10:37 – How to weather long term financial downturns, and why you should have cash reserves on hand.
  • 14:35 – Why investing passively is better in the long run.
  • 19:19 – Why it’s so important to do due diligence and background checks before investing with a company.
  • 26:47 – The danger of co-mingling funds.
  • 27:25 – The power of owning and fixing mistakes.
  • 28:18 – How he went from a 50k lost on a deal to a 70k profit instead.
  • 30:04 – Why grit is so important to success in adversity.
  • 36:10 – Why financial advisors can’t answer if you have enough to retire.
  • 38:40 – How a cash-flow strategy gives you long term stability.

If you like this episode, here are more episodes we think you’ll enjoy:

  1. Ep #517 – Austin Hair – Combining Healthcare and Real Estate – How Demographics and Market Analysis Protect Investors
  2. Ep #509 – Matt Larson – Success Requires Risk and Courage – An Entrepreneur Mindset
  3. Ep #505 – Jeff Watson – How and Why You Should Loan Money in Real Estate

Featured on the Show:

#mathewowens #cashflow #inflation #passiveincome #duediligence #realestate #realestateinvesting

Watch full length Interviews on video!

Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!

Join the tribe of dentists ditching Wall Street. Get more insights, resources and inspiration for creating asset based income and Freedom. Follow us on Facebook here.

P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think):

1. Schedule a Call with My Team:

If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

2. Become a Full-Cycle Investor:

There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.

3. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.

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