Business
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. 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. (00:01-04:46) Opening Segment - Introduction of the guest, Dmitriy Fomichenko into the show - Dmitriy shares something interesting about himself (04:47-30:27) The Journey to Real Estate Investing and Using Self-Directed IRA to Invest in Real Estate - Dmitriy tells how and when he started to invest in real estate - Benefits of investing out of state - Dmitriy shares where he invests and the asset class he invests in - Advantages of investing in private money lending - How to value the asset, market, and team? - Worst Deal Dmitriy had - Best Deal Dmitriy had - Biggest lesson Dmitriy learned from investing in the various asset class - Dmitriy's recommendation for people who cannot do solo 401K? Is Self-Directed IRA better? - Difference between Solo 401K and Self-directed IRA - Why use a self-directed IRA to invest in real estate? (30:28-30:53) BREAK (30:54-30:59) Second Segment - Welcoming listeners back and re-introducing podcast guest, Dmitriy (31:00-34:55) Fire Round - Will Dmitriy change his business strategy after Coronavirus? - Favorite real estate finance or and personal development related book? - Website or tools that Dmitriy recommends - How does Dmitriy give back? - How can Wealth Matters Podcast listeners reach out to Dmitriy? (33:56-34:19) Closing Segment Reach out to Dmitriy by visiting his website www.sensefinancial.com