Dr. David Phelps is the founder of Freedom Founders, an exclusive real estate investing community dedicated to helping people achieve financial freedom through real estate the way he did. He is a retired dentist who transitioned from his practice to real estate investing to be with his family and he has been helping others do the same for years.
Listen now to learn more about David, Freedom Founders, and what it took for him to go from having his own practice to achieving financial freedom with real estate!
Key Talking Points of the Episode
00:00 Introduction
00:31 Who is David Phelps?
01:40 How did David come up with the idea of Freedom Founders?
04:06 What does David think investors should focus on today?
06:20 How can people position themselves well to achieve financial freedom?
09:45 What instills false confidence in people today?
12:22 How did David gain confidence to transition to real estate investing?
17:10 How did David’s perspective on freedom change?
21:05 Where did David learn what he needed to get into real estate investing?
24:29 What does David help people realize?
26:16 What inspires David to continue helping people achieve financial freedom?
29:16 How is inflation affecting people’s retirement today?
34:14 How much do property values appreciate over time?
37:33 What is David’s advice to young investors today?
40:14 How has David impacted other people’s lives?
41:23 How does David vet operators?
44:40 How important is tax strategy for David?
45:26 What is Freedom Founders?
47:48 How can people connect with David?
Quotables
“You have to be cognizant of the fact that the market’s changing, it’s shifting. Is that a bad thing? No, it’s a good thing if you’re positioned for opportunities.”
“It gave me what I call optionality. That’s what you want in your life and the sooner you can get that, the sooner your life can change and you can finally do what you want to do.”
“If you don’t like where you are, look at your environment, who you’re hanging out with, and change that.”
“Learn through other people. This is not rocket science, you don’t have to go to school to get an MBA in Finance or Commercial Real Estate. You could do this yourself, with other people, and that’s the best way to go.”
Links
Website: RCN Capital
https://www.rcncapital.com/podcast
Website: REI INK
Book: Inflation: The Silent Retirement Killer
https://www.amazon.com/Inflation-Silent-Retirement-Killer-Extraction/dp/B0B2L1PWQC
Website: Freedom Founders
https://www.freedomfounders.com/