Real Estate Tax Write Off with David Lawver

Real Estate - Taxes - Write Offs
Are you optimizing every opportunity to save money?

#realestate #money #tax #savingmoney #writeoff #business

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In 2009, at the bottom of a recession, David Lawver quit his day job in the mortgage business to start his own mortgage brokerage company. In his first 3 years of business, he was netting $200k annually. Being in his early twenties, he felt like he was doing pretty good… until his future mentor, Rick Ruby, told him he sucked at the business.

As a competitive person, that was a hard pill for David to swallow, but knowing that Rick built a $20M company and was personally earning $2M/year, he decided to soak up all the knowledge he could.

Rick taught David how to sell, build a team, and scale his business from $400k to $12M in revenue.

His years in the mortgage industry naturally lead him into real estate investing. He started with single-family homes, dabbled in short-term rentals and apartment buildings, and eventually got into retail centers, which became his most profitable real estate asset class. Since 2014, David has acquired over $75M of real estate projects.

In this episode, I dig into David’s story, his progression from broker to investor, and what makes retail centers such an attractive vertical for him.

We also discuss the value of great mentors, his process for recruiting and grooming a top-performing sales team, the VC business model, real estate tax strategies, and much more.

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#realestate #money #tax #savingmoney #writeoff #business