Welcome back to Real talk, with Realtors! In this podcast, we break down the amazing solutions in the real estate industry today with real estate professionals, and jam on when these programs are applicable and how they benefit the homeowner. Hosted by Dalip Jaggi and presented by Revive, your real estate concierge for maximizing profit.

This is Episode #29 and we’re getting real with Michael Dominguez, the Founder of Doors to Wealth Real Estate Group. Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, and your other favorite podcast spots – follow and leave a 5-star review if you think it’s Real talk!

• Episode Summary & Player
• Show Notes
• Real talk, with Realtors Summary

Real talk, with Realtors Episode #29: Michael Dominguez on investing in properties as a realtor

Michael Dominguez is the Founder of Doors to Wealth Real Estate Group. He became a realtor in 2008 and added to his investment property portfolio for 10 consecutive years. Hear how to buy your first investment property, what to do after that, why you should stay away from flips, whether to work with property managers, and how to become an investment expert. This episode covers everything from investing tips to the risk that comes with flips. Here’s a small sample of what you will hear in this episode:

• How do you get into real estate investing?
• Why should you stay away from flips?
• Is it tough to become cash flow positive in the first few years?
• What advantages do realtors have today?
• Where can real estate investing go wrong?
• How do you find real estate investing deals?
• What do you do after your first investment property?
• Should you refinance your properties?
  

Connect with Michael at ArmchairRealEstateMillionaire.com and on Facebook at @AuthorMichaelDominguez.

Check out the episode and show notes below for much more detail.

Show Notes

• Real talk, with Michael Dominguez

• [0:11] Welcome back to Real talk, with Realtors
• [0:21] Revive Concierge
• [0:23] Podcast
• [0:35] Connect with Michael at ArmchairRealEstateMillionaire.com and on Facebook at @AuthorMichaelDominguez
• [1:22] How did Michael get into real estate?
• [1:31] RE/MAX
• [2:20] What was Michael’s first job before real estate investing?
• [3:08] How did he get his realtor’s license?
• [4:15] Software Engineer
• [4:56]How much real estate does Michael do today?
• [5:07] Cash flow
• [5:48] How do you get into real estate investing?
• [6:41] Client base
• [7:46] Why should you stay away from flips?
• [8:09] HGTV
• [8:46] Contractors
• [9:32] Is it tough to become cash flow positive in the first few years?
• [10:02] Additional dwelling units (ADUs)
• [10:26] Profit
• [11:44] Orange County
• [12:47] Inland Empire (IE)
• [14:12] How do you move from real estate to real estate investing?
• [15:07] Insider trading
• [15:28] Network
• [15:49] Mortgage
• [16:43] What advantages do realtors have today?
• [18:37] Where can real estate investing go wrong?
• [20:19] How do you find real estate investing deals?
• [22:18] Should you use property managers?
• [23:37] Credit score
• [23:50] Pandemic
• [24:32] Fundrise, Roofstock
• [24:57] What does Michael think about new real estate investment companies?
• [26:53] Rich Uncles
• [27:06] Tech (technology)
• [27:46] What do you do after your first investment property?
• [30:23] Should you refinance your properties?
• [31:02] Down payment
• [33:02] Should you buy your first home as your own home?
• [35:31] Connect with Michael at ArmchairRealEstateMillionaire.com and on Facebook at @AuthorMichaelDominguez
• [37:12] Maximize your real estate profit at iloverevive.com
• [37:35] Make sure to follow Real talk, with Realtors on your favorite podcast spot and leave us a 5-star review on Apple Podcasts
• Theme Song: Groovy Funky Soul by NILLY NELL

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your host

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‍Dalip Jaggi

Co-founder of Revive

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