From the German Military Ranks To Investing Out Of State for Passive Income



Learn what to look for when investing out state and how 1 property can set you up for life. In today’s episode let’s welcome our special guest Dr. Axel Meierhoefer. He is a business owner, who began thinking about applying profits towards retirement, and research indicated that owning tangible assets would be the best way. Itโ€™s also the path that the government supports the most, which led him to develop a residential real estate portfolio worth about $1.5 Million. Itโ€™s still growing, and many lessons learned are now available for him to teach, coach, and mentor people.

 

Today, join us to reveal his secrets behind the success of his journey and how he has made many relationships, learned about the pitfalls of purchases, and made good and bad decisions that ultimately reached economic independence.

Make sure to watch/listen to the full episode as Axel’s answered our HOT SEAT questions directly to the point and learn actionable tips and key metrics that will help you along your journey.

 

๐Š๐„๐˜ ๐“๐€๐Š๐„๐€๐–๐€๐˜๐’:

 

  • 3:11 Get to know Dr. Axel Meierhoefer
  • 7:41 Green Card sponsor opportunity in the US
  • 15:43 Transitioning from Military to Coaching & Consulting
  • Business
  • 18:06 How he started to build his portfolio at the age of 44
  • 20:28 The challenges he faced before closing his first deal
  • 24:40 Two things he provided the bank aside from W2 to get a mortgage
  • 29:20 The perks of getting the best property management organization in town
  • 33:21 A brief overview of the 1031 exchange
  • 39:12 Dr. Axel investing out of state strategy – REVEALED!
  • 43:53 The significance of Turnkey providers in his out-of-state strategy
  • 46:17 Discussing Dr. Axel’s current target markets.
  • 50:50 3 things to consider when looking for a specific market.
  • 55:10 Dr. Axel answered HOT SEAT QUESTIONS Round

 

 

Quotes from this episode:

โ€œThis is not the place to invest for performance. So I needed to come up with a strategy that actually allowed us for performing investmentsโ€ Dr. Axel Meierhoefer.

โ€œI built my business to the point that it runs by itself and I don’t need to be there every day anymore.โ€ – Dr. Axel Meierhoefer.

โ€œI was raised with the glass half emptyโ€ – Dr. Axel Meierhoefer.

 

Connect with Dr. Axel Meierhoefer at:

Facebook:

Linkedin

Twitter

Instagram

Youtube

 

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Thanks for listening to this episode! And, if you enjoyed this episode, please share it on social media using the social share buttons below, and don’t forget to leave a short review on iTunes.

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Enjoy the Real Estate Journey!

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