Dave Zook: Renowned Investor Talks Real Estate Cash Flow & Resource Speculation
Dave gives a presentation on the real estate market and how he developed his personal investment philosophy. He has been inspired by investors like Robert Kiyosaki and Jim Rogers. He learned how to invest in commodities after reading Jim Rogers book “Hot Commodities.” You can quickly calculate the cost of production of a commodity and Dave has used that strategy to benefit his own business.
He created several successful businesses and then began investing doing lending and flipping houses. He enjoyed the work but then ran into a big tax bill and then it wasn’t quite as much fun. He later taught himself how to minimize and avoid paying taxes. He went out and got advice from great mentors who had experience.
He discusses various real estate opportunities including multi-family apartments and resorts. Even when prices are high, there are opportunities if you are correctly positioned. Many of his investments are not extremely exciting, but they are steady and bring in consistent returns. He is careful to ensure that his investments are secure in a downturn. He invests for cash flow and has grown his business by organically investing with friends and family.
Mr. Zook says you need to know what is important to you. He had a cash flow and a tax problem. You need to find a good market and a solid team. He and his team find the assets, guarantee the debt, and then they invite in investment partners. You should look for problems, see them as potential opportunities, and fix them.
He discusses another business that he is involved in selling ATM Machine Services they bring steady cash flow, tax benefits, and diversification.
Dave Zook has been an investor and entrepreneur all of his adult life. His investments cover a myriad of real asset holdings including real estate in several states in the US, Multi-Family apartments, and ATM portfolios. Additionally, Dave has international real estate investment holdings in Panama, Canada, and Belize. Dave and his investors own almost 3,000 apartment units in some of the hottest job markets in the country.
Dave follows a pattern where he partners with proven, results-giving team players who are dedicated to the success of the other members of the team and who are in the trenches making it happen. He is a published author and sought-after speaker.