What Is Your Burn Rate? | REI Show - Hard Money for Real Estate Investors

What Is Your Burn Rate?

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David Phelps owned and managed a private practice dental office for over twenty-one years.

While still in dental school, he began his investment in real estate by joint-venturing with his father on their first rental property in 1980.

Three years later, they sold the property and David took his $25,000 capital gain share and leveraged it into thirty-one properties that later produced $15,000 monthly net cash flow.

Life was good, the sky was the limit, until the dark day that David’s daughter, Jenna, was diagnosed with Leukemia. In the midst of cancer treatments, epilepsy, and ultimately a liver transplant for Jenna, David made the crucial decision to leave clinical practice so that he could spend every moment with his daughter.

David’s “PlanB” (a portfolio of cash-flow-producing real estate assets) gave him the freedom to focus 100% on what mattered most. Jenna won the battle with the disease, and David still enjoys the Freedom to cherish every moment with her that he can.

Today, David is a nationally recognized speaker on creating Freedom, building real businesses, and investing in real estate. David helps other logical, rational professionals become dreamers, then strategically manifest those dreams into Freedom.

Under David’s leadership, the Freedom Founders Mastermind Community grows exponentially, year by year, providing the pathway to Freedom for many professional practice owners.

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