We Both Cashed Out Our 401ks to Buy A 32-Unit Apartment Building | Shawn DiMartile E140
The Rich Somers Report
Rich Somers
5.0 • 1K Ratings
🗓️ 25 January 2024
⏱️ 73 minutes
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| 0:00.0 | And one of the things that's putting a big smile on my face and getting me excited is developing these beautiful properties and markets that I love. |
| 0:07.0 | And owning good dirt. |
| 0:08.0 | And owning good dirt in places that I love, I know, and I feel proud to own it. and that's what gets my blood pumping so I've found a strategy that like I'm excited about like I when I find a property I'm am amped it wakes me up it's like you know so I think that you might even need to bounce around and try a couple different things in real estate to find that but once you find it I think you know you're on the right path. |
| 0:30.0 | Welcome to the Rich Drummers report where we talk real estate, business and wealth building all while keeping it real. |
| 0:35.2 | No fluff, no BS. I hope that you enjoy the show. |
| 0:48.9 | All right guys welcome to another episode of the report. Today we are back in the studio and a couple days removed from a big heavy rainstorm down here in San Diego. |
| 0:54.0 | I believe we had like more rain in that morning than we typically get over like a two or three |
| 0:58.9 | months span during a normal winter, but super excited and I got actually we had the podcast studio |
| 1:04.5 | flood out too a lot of these buildings but super excited today I got a very special |
| 1:08.8 | guest I got someone who is a good friend of mine someone who actually met in a break room at my old employer, |
| 1:15.8 | Ear Traffic Control Facility, we both cash out our 401k's together and now he owns |
| 1:19.8 | more than $50 million of real estate. I got the co-founder of takeoff capital. I got my man Sean D Martel. |
| 1:25.6 | Sean welcome to the show. |
| 1:26.6 | Thanks for having me on the show rich man. It's been a long time coming |
| 1:29.6 | brother. Yeah man. Dude it's it's freaking it's great to have you on, man, it's been a bit, but, uh, |
| 1:35.6 | dude, we have a unique story, man. We met in a freaking break room, working a government |
| 1:40.0 | job, and we just started like riffing on real estate investing and at that time it was just like a pipe |
| 1:44.7 | dream. I mean think about it it's kind of crazy I mean that was only like what five years ago something like that? |
| 1:49.7 | Yeah it was it was like early 2019. |
| 1:52.5 | Yeah, yeah, so four or five years ago and look at us now, like, it shows you how quickly things can move when you really like go all in on something. |
| 2:00.5 | But it is kind of crazy to think that like, you know, four or five years ago, we were in a |
| 2:04.4 | break room working W-2 jobs with no portfolio on now. Yeah, dude. So I think looking back, so I'm trying to think here, so I know, I overheard Mike, Mike who it was our third partner he's not here with |
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