098: Self Directed IRA to invest in Real Estate with Dmitriy Fomichenko

<p>Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control. &nbsp;He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors.</p> <p><br></p> <p><strong>(00:01-04:46) Opening Segment</strong></p> <p>- Introduction of the guest, Dmitriy Fomichenko into the show</p> <p>- Dmitriy shares something interesting about himself</p> <p><br></p> <p><strong>(04:47-30:27) The Journey to Real Estate Investing and</strong> <strong>Using Self-Directed IRA to Invest in Real Estate</strong></p> <p>- Dmitriy tells how and when he started to invest in real estate</p> <p>- Benefits of investing out of state</p> <p>- Dmitriy shares where he invests and the asset class he invests in</p> <p>- Advantages of investing in private money lending</p> <p>- How to value the asset, market, and team?</p> <p>- Worst Deal Dmitriy had</p> <p>- Best Deal Dmitriy had&nbsp;</p> <p>- Biggest lesson Dmitriy learned from investing in the various asset class</p> <p>- Dmitriy's recommendation for people who cannot do solo 401K? Is Self-Directed IRA better?</p> <p>- Difference between Solo 401K and Self-directed IRA</p> <p>- Why use a self-directed IRA to invest in real estate?</p> <p><br></p> <p><strong>(30:28-30:53) BREAK</strong></p> <p><br></p> <p><strong>(30:54-30:59) Second Segment</strong></p> <p>- Welcoming listeners back and re-introducing podcast guest, Dmitriy</p> <p><br></p> <p><strong>(31:00-34:55) Fire Round</strong></p> <p>- Will Dmitriy change his business strategy after Coronavirus?</p> <p>- Favorite real estate finance or and personal development related book?</p> <p>- Website or tools that Dmitriy recommends</p> <p>- How does Dmitriy give back?</p> <p>- How can Wealth Matte