14 hours ago

The Velocity of Wealth Creation Through Real Estate: A Conversation with Duane Duggan

In this episode of At the Kitchen Table, Amanda DiVito Parle sits down with Duane Duggan, a veteran real estate broker and author of the book 'The Velocity of Wealth.' They discuss Duane's career in Boulder, Colorado real estate, his transition from accounting to real estate, and his journey from door-to-door sales to becoming a successful investor.

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LEVERAGING PROPERTIES: Duane emphasizes key wealth acceleration principles such as leveraging properties, understanding depreciation, using IRAs for real estate investments, the benefits of whole life insurance, and mortgage acceleration strategies. Together, they reflect on how the real estate market has changed over the decades, the importance of leveraging financial tools, and the necessity of educating the public and future generations on financial independence through real estate.

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DOUBLE THEORY for ASSET GROWTH: The conversation also explores Duane's approach to real estate investment, from buying owner-occupied four-unit properties to implementing doubling theory for asset growth. Additionally, Amanda and Duane dive into the changing landscape of the real estate industry, discussing the role of geographic and technological shifts. They also touch on the use of reverse mortgages and the impact of demographic and market shifts on property investments. The episode wraps up with insights into the challenges and opportunities in today's real estate market, offering valuable advice for both seasoned investors and beginners.

LINKS FROM THE SHOW:

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TIME STAMPS FOR THIS EPISODE:

00:00 Introduction and Guest Introduction

01:19 Duane's Journey into Real Estate

02:57 Early Real Estate Experiences