Balancing Flips, Portfolios, and Partnerships w/ Former Satellite Crew Commander Dan Fortune

Raising the Flipping Bar with Derek Marlin

In this episode, Derek Marlin sits down with highly successful real estate professional, Dan Fortune to explore the dynamics of real estate investing and the crucial role of a knowledgeable and experienced real estate agent. Dan shares his journey, from flips to building portfolios, and offers valuable advice on finding the right agent for your investment ventures.

Dan Fortune is a realtor with the Impact Team at Your Castle Real Estate. He is also a lender, investor, author, founder, coach, and former Air Force captain who operated satellites.

Derek and Dan get into:

* Dan shares his background in the Air Force and satellite engineering before transitioning to real estate investing.

* The importance of providing value to mentors in return for their time and expertise.

* The importance of building a team and creating a supportive community for real estate investors, rather than just focusing on individual success.

* Understanding how to structure property ownership to maximize buying power.

* Dan’s preference is to sometimes buy and hold properties for a little while before selling, citing tax benefits and the ability to cash flow the property.

* Taking calculated risks.

* Consistently investing in real estate to gain experience and knowledge.

* Calling multiple agents in your area and asking about their investment portfolio to find the right agent.

* Airbnb investing and the importance of understanding risk profiles and potential changes in laws.

* Staying nimble in business during economic downturns.

* Work-life balance and prioritizing quality time with loved ones.

* Focusing on working on the business rather than just in it.

Connect with Dan Fortune on LinkedIn: ​​https://www.linkedin.com/in/dan-fortune-1b68981/

Connect with Derek Marlin and ELEVATION Investment Properties!

Derek on LinkedIn: http://www.linkedin.com/in/derekmarlin

ELEVATION’s website: https://elevationinvest.com/

ELEVATION on LinkedIn: https://www.linkedin.com/company/elevationinvestmentproperties

ELEVATION on Instagram: https://www.instagram.com/elevationinvest/

ELEVATION on Facebook: https://www.facebook.com/elevationinvestmentproperties

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Watch “Raising the Flipping Bar” on YouTube: https://www.youtube.com/@ElevationRealEstateInvesting

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1. Introduction to Real Estate Investing (00:00:00)

2. Meet Dan Fortune: From Air Force to Real Estate (00:00:59)

3. The Importance of Mentorship in Real Estate (00:02:58)

4. Building and Leading the Impact Team (00:06:31)

5. Dan's Investment Journey: From First Property to Flips (00:08:44)

6. Navigating Real Estate Partnerships and Lending (00:10:37)

7. Finding the Right Real Estate Agent (00:16:39)

8. The Challenges of Out-of-State Investments (00:19:40)

9. Lessons from a Tough Deal in Oklahoma City (00:21:33)

10. A Fun and Profitable Airbnb Venture (00:24:15)

11. Market Predictions and Investment Opportunities for 2024 (00:27:39)

12. Balancing Work and Personal Life (00:33:14)

13. Final Thoughts and Key Takeaways (00:38:49)