Show notes
Work hard, but make your money work harder for you. That’s what Adam Doran and I have talked about in this episode. We already know real estate can be a valuable source of passive income, but Adam will tell us why life insurance can make our real estate investing better--or specifically, more profitable. Adam is a wealth advisor at Prevail Innovative Wealth Strategies, helping clients build sustainable, tax-advantaged wealth and long-term income. Before jumping into real estate, he was a police officer for 16 years. Let’s listen to Adam and know why life insurance and real estate go hand-in-hand! [00:01 - 06:19] Opening SegmentLet’s get to know Adam Doran His path to real estate after 16 years as a police officer[06:20 - 15:45] Investments of Wealthy People Where do wealthy people invest their money?He recalls his first year working in real estateAdam tells us the perks of multifamily [15:46 - 27:55] Term vs. Whole Life Insurance The good problem to have in real estate for AdamTerm insurance vs. whole life insurance Adam weighs in How to leverage your insurance policy A tax-efficient vehicle to build your family legacy [27:56 - 37:22] Tax-Free Non-Reportable Retirement Income How to build a foundational capital strategyAdam explains Here are creative investing ideas from Adam you should hearHow to get tax-free income in your retirement[37:23 - 40:30] Closing SegmentConnect with Adam. Links belowFinal words from Adam and meTweetable Quotes: “A lot of the real estate investor clients I work for, family legacy is a big piece.” - Adam Doran“Frankly, tax-free money that you don’t have to report to the IRS as an income in retirement trumps money that you have in a 401(k)...” - Adam Doran------------------------------------------------------------------------------------------Call 913.548.1447 to connect with Adam or follow him on LinkedIn. Visit Prevail Innovative Wealth Strategies and their Facebook, LinkedIn, and YouTube pages. Guest email: [email protected] Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.