REAL ESTATE JOURNAL
SPRING 2024
2. Financial Independence for Real Estate Investors: The Role of Local Associations
6. How an IRA Investor Achieved a 255% ROI on a Real Estate Joint Venture
3. NREIA Legislative Update
10. Navigating the Complexities of Retirement Planning
4. The Corporate Transparency Act: What You Need to Know 5. To Continue to Win, You Need to Continue to Learn
12. Why REIA Groups are a Must Today
14. Discover Mysterious Treasures in the Real Estate Landscape
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RE Journal
Member Spotlight
Vol. 9 Issue 2
Control the Banking Function: A Game-Changer for Investors By Jason K. Powers
I Tom Begora
T
om Begora was born in Hammond, Indiana and grew up in the south suburbs of Chicago, Illinois. He went to Olivet Nazarene University in Kankakee and got his first job at AT&T in 1991. He ended up in Georgia at the age of 25 during a trip from Wisconsin to vacation in Fort Myers, Florida. He is an active member of the North Metro REIA in Marietta, GA.
Please tell us a little about who you are and what you did before getting into real estate investing.
n the United States, a pervasive trend over decades has had individuals relinquishing control over their financial destinies in numerous ways, often without even realizing it. From depositing earnings into traditional banking institutions that offer minimal interest rates, to entrusting retirement savings to volatile market-driven plans, to unbridled amounts of debt accumulation, Americans are consistently ceding their financial autonomy. This systemic surrender not only hampers one’s ability to advance financially today but also significantly restricts the capacity to build for tomorrow and leave a lasting legacy for future generations. The consequences of relinquishing financial control are far-reaching, affecting not just the individual but also the broader economic landscape in which they operate. By depending on external entities for financial growth and security, individuals miss out on opportunities to leverage their assets in ways that could yield far greater returns. This dependen-
impact on future generations. “Regaining control over personal finances is not just about enhancing one’s wealth today; it’s about reshaping the financial future for oneself and those who follow.” In this dynamic landscape of personal finance, the Infinite Banking Concept Continued on Page 15
How Inclusion Affects Your Rentals
Before getting into real estate investing, I worked for AT&T, owned a car lot, worked for UPS, was a property manager, and worked part— time in real estate. However, on our way to a vacation in Fort Meyers, Florida, my wife at the time and I stopped halfway in Acworth for the
By David Pickron
I
f you’ve ever purchased a gift for someone, you’re familiar with the three dreaded words you have to be on the lookout for: “batteries not included.” For most of us, there has been that moment on a holiday morning or birthday when the excitement of receiving something new is dashed as the recipient realizes that without power, they just have an empty box and a lifeless gift. Knowing what is and is not included in any transaction is critical to achieving the end goal of both parties; this is especially true for housing providers. I recently had a potential tenant who
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cy on traditional financial systems and their associated instruments limits the ability to respond to financial challenges and capitalize on investment opportunities in alternative ways. Moreover, relinquishing financial control of one’s money constrains the capacity to create a sustainable generational wealth transfer, diminishing the potential to have an
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was going through some life challenges ask me if there was any way that I could include a washer and dryer as part of the rental. Questions like these set off all sorts of alarms in my head. I’ve been at this for more than 20 years and situations like this have rarely ended well for me… but I reluctantly gave in and provided the washer and dryer at move-in. Here’s why I entered into this agreement reluctantly; if they own the equipment and it breaks, they never call, but if I own the equipment and it breaks, I am the first call and end up playing repairman. Ideally, I avoid these situations, but under certain circumstances I do go that way and when I do, I always do two
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