← The Veteran Entrepreneur Masterclass Podcast
May 18, 2023 · 1h 8m
After dedicating themselves to a life of service, veterans often grapple with a loss of identity and purpose. However, amidst the challenges lies an opportunity to rebuild, find a new calling, and create a prosperous future. One avenue that holds great potential is real estate—a realm that catalyzes both wealth-building and a renewed sense of purpose. In this episode, Brett and Giselle share a conversation with David Pere. David is dedicated to teaching and leading service members, veterans, and their families to learn how to build wealth, entrepreneurship, and personal finance. Today, he talks about how veterans lose their identity and purpose after serving in the military. He dives deeper into how real estate investing can help them regain their identity, find purpose, build wealth, and make financial freedom a reality. David Pere is the CEO of From Military to Millionaire and Co-founder of the RE War Room Mastermind Group. He is a Marine Corps veteran of 13 years and is currently in the reserves. In 2015, David purchased his first real estate investment. After seeing firsthand how cash flow could change his life, he went all in on real estate. In 5 years, he went from a negative net worth to a millionaire with 100+ rental units, transitioning off active duty to work for himself. Along the way, David started documenting his journey, which blossomed into a massive community of "Military Millionaires" and future Military Millionaires. In This Episode 04:35 - Backstory of David Pere 12:53 - An event that has haunted David for years 21:32 - How service members lose their identity and purpose after leaving the military 28:08 - What it means to have a purpose 30:48 - What David's business is all about 34:21 - How to get started investing in real estate 41:42 - How home equity lines of credit can be used to grow an investment portfolio 53:35 - Why leverage comes with a risk 58:57 - How cost segregation works Favorite Quotes 29:17 - "I finally have my purpose in life and my identity. And I feel good. But it changes. That's the reality. But you can't just stop having one. You got to have something." ~ David Pere 35:50 - "House hacking is my favorite way to get started in real estate. And you can house hack in many ways, whether you buy a duplex, triplex, or fourplex. You live in one and rent out the rest." ~ David Pere 48:42 - "I encourage anyone looking to get into real estate to start building relationships. Talk about what you're doing, and then no matter what, make sure that your lenders are taken care of." ~ David Pere Engage with David Pere LinkedIn The Military Millionaire Podcast From Military To Millionaire Military Millionaire Network The Military Millionaire YouTube Channel The Best Podcast.com Connect with Brett Henderson: 310-491-7975 Swe90.com LinkedIn: Brett Henderson Strategic Wealth Endeavor Listen to The Veteran Entrepreneur Masterclass Podcast Apple Podcast Spotify Google Podcast