Average Joe Finances - Investing from Overseas with Daniel Mills

Investing from Overseas with Daniel Mills

03/28/21 • 55 min

Join Mike Cavaggioni and Daniel Mills as they talk about obtaining financial freedom from overseas. Daniel is a University professor in Japan, who has gone from being $15,000 in debt to building a Net worth of over one million dollars through index funds and extreme long distance real estate investing. Stay tuned!

In this episode, you’ll learn:
From being indebted to financial freedom
The importance of having multiple bank accounts
Pro’s and Con’s of investing in real estate while living abroad
Goals for Property/Market Selection
And much more!

About Daniel Mills

Growing up in southern California, Daniel saw his father grow a business that was profiting millions each year, only to see it later become liquidated. Daniel didn’t really think too much about money or growing his personal wealth until years later. After college, Daniel moved to Japan and became an English teacher making a salary of around $30,000 (USD) a year. He met his wife, settled down, and bought an apartment in an appreciating part of the city (contrary to many other parts of Japan). Daniel was saving around $1,000 a month, and realized he didn’t want to be making $30,000 a year forever. So, he started investing in index funds and stocks, which grew his net worth and allowed him to invest in other asset classes, like real estate.

Daniel even shares a tax loophole that allowed him to write off 100% of his 6-figure income while he was in Japan (solely from real estate depreciation)!

Fast forward to today, Daniel has rental properties in Idaho, Alabama, and Tennessee with partners from Japan and the United States. Daniel agrees with many other real estate professionals in the fact that you need a tried and true team in cities where you’re investing. Living in Japan, he doesn’t have much to worry about in the US, thanks to his fantastic property managers, handymen, partners, lenders, and real estate agents.

Connect with Daniel on Facebook: www.facebook.com/netmonkjapan

Average Joe Finances
Our social media links are all on our Flow Page: www.flow.page/avgjoefinances
🌐 Check out: www.averagejoefinances.com
⚖️ Balance Your Portfolio with Passiv: www.averagejoefinances.com/passiv
🏡 Buying or Selling a House? www.averagejoefinances.com/realtor
🏘 Interested in getting your real estate license? www.averagejoefinances.com/prepagent
📋 Need to Outsource? Try Fiverr and get 20% off of your first purchase with my link. www.averagejoefinances.com/fiverr

💰 Free Stocks:
Robinhood: www.averagejoefinances.com/robinhood
Webull: www.averagejoefinances.com/webull
SoFi: www.averagejoefinances.com/sofi-invest

📋 Consolidate debt: www.averagejoefinances.com/sofi-loans/
⚠️ Life Insurance: www.averagejoefinances.com/ladder
☕️ Support the Podcast/Channel: www.buymeacoffee.com/avgjoefinances
💎 Average Joe Finances Swag: www.averagejoefinances.com/resources/shop

🚧 DISCLAIMER On this channel I share my thoughts, opinions, and own journey to financial freedom. We also bring on guests to share their experiences as well. I am a licensed REALTOR-ASSOCIATE® however, I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content on this page shall not be construed as tax, legal, insurance, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. I hope you enjoy our content and join in on this financial freedom adventure! https://averagejoefinances.com/disclaimer

If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please email me at 📬 [email protected]

Support the show (https://www.buymeacoffee.com/avgjoefinances)

In this episode, you’ll learn:
From being indebted to financial freedom
The importance of having multiple bank accounts
Pro’s and Con’s of investing in real estate while living abroad
Goals for Property/Market Selection
And much more!

About Daniel Mills

Daniel even shares a tax loophole that allowed him to write off 100% of his 6-figure income while he was in Japan (solely from real estate depreciation)!

Connect with Daniel on Facebook: www.facebook.com/netmonkjapan

Support the show (https://www.buymeacoffee.com/avgjoefinances)

Previous Episode

From Flipping to Multi-Family and Mobile Home Parks with Apurva Shah

In this episode I interviewed Apurva Shah. Apurva is absolutely crushing it as a real estate investor. We talk about how he started flipping properties with his roommates to investing in Multi-Family and Mobile Home Park assets. Check out his background and links below.

Apurva Shah is the co-founder and Managing Partner of JAYS Properties, LLC. He is an engineer and product manager during the day and real estate investor by night (even though it's a 24/7 job hah). He grew up learning about real estate learning from his father, but wanted to go out and build his own team and company. He started by flipping and wholesaling single family homes and then transitioned fully to multi-family and mobile home park investing managing a portfolio worth over $30M. He invests primarily in NY & NC, but is looking to expand into SC and VA in 2021.

Check out Apurva’s page here: www.jaysinvestments.com
LinkedIn: https://www.linkedin.com/in/apurva-shah-15794271/

Average Joe Finances
Our social media links are all on our Flow Page below:
🌐 Flow Page: https://flow.page/avgjoefinances
🌐 Check out: https://averagejoefinances.com
⚖️ Balance Your Portfolio with Passiv: https://averagejoefinances.com/passiv
🏡 Buying or Selling a House? https://averagejoefinances.com/realtor
🏘 Interested in getting your real estate license? https://averagejoefinances.com/prepagent
💰 Free Stocks: Robinhood: https://averagejoefinances.com/robinhood | Webull: https://averagejoefinances.com/webull | SoFi: https://averagejoefinances.com/sofi-invest
📋 Consolidate debt: https://averagejoefinances.com/sofi-loans/
⚠️ Life Insurance: https://averagejoefinances.com/ladder
☕️ Support the Podcast/Channel: https://www.buymeacoffee.com/avgjoefinances
💎 Average Joe Finances Swag: https://averagejoefinances.com/resources/shop

🚧 DISCLAIMER 🚧 On this channel I share my thoughts, opinions, and own journey to financial freedom. We also bring on guests to share their experiences as well. I am a licensed REALTOR-ASSOCIATE® however, I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content on this page shall not be construed as tax, legal, insurance, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. I hope you enjoy our content and join in on this financial freedom adventure! https://averagejoefinances.com/disclaimer

If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please email me at 📬 [email protected]

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Support the show (https://www.buymeacoffee.com/avgjoefinances)

Next Episode

Private Money Lending with Alex Breshears

In this episode, I am joined by Alex Breshears of Infinite Road Investments. Listen as we talk about real estate as an asset, how Alex got into private lending, and the many perks of private lending for investors. For anyone trying to get into passive investing or real estate in general, Alex has a bit of advice that she wants everyone to have as their heads up. For Alex, having a clear understanding of what fits your lifestyle as an investor is of utmost importance before starting with any investment form. Despite real estate being necessary for the community, matching one's goals and approach to life with how one wants to invest is not something to overlook. Alex believes it offers anyone an opportunity to learn real estate – from the backseat.

In this episode you will learn:

• "Real estate tends to be a slow-moving asset."

• Do they fit your goals, skills, time commitment, capital commitment?

• The story behind how the 1st deal happened.

• What does private lending offer you?

• People will always need real estate!

• And much more!

About Alex Breshears: Alex is a private money lender and an educator for private lending and passive investing in real estate. A community group leader, Limited Partner in syndications, aspiring general partner for multi-family syndications, and EMD funder for syndications. Alex Breshears' mission is to help and inspire others to foster a win-win situation that increases her network and the community's prosperity. She is a military spouse from New Orleans, Louisiana that values strong partnerships with others and a fabulous crawfish boil! Alex believes that it is essential to smile because life is short and that it is important to make conscious choices each day for success.

You can find Alex Breshears on:

Website: http://infiniteroadinvestments.com/ LinkedIn: http://www.linkedin.com/in/InvestPassively2LiveActively

Facebook: https://facebook.com/groups/privatelendinglessons/

Check out Average Joe Finances:

Our social media links are all on our Flow Page: https://flow.page/avgjoefinances

🌐 Check out: https://averagejoefinances.com

⚖️ Balance Your Portfolio with Passiv: https://averagejoefinances.com/passiv

🏡 Buying or Selling a House? https://averagejoefinances.com/realtor

🏘 Interested in getting your real estate license? https://averagejoefinances.com/prepagent

💰 Free Stocks:

Robinhood: https://averagejoefinances.com/robinhood

Webull: https://averagejoefinances.com/webull

SoFi: https://averagejoefinances.com/sofi-invest

📋 Consolidate debt: https://averagejoefinances.com/sofi-loans

⚠️ Life Insurance: https://averagejoefinances.com/ladder

☕️ Support the Podcast/Channel: https://www.buymeacoffee.com/avgjoefinances

💎 Average Joe Finances Swag: https://averagejoefinances.com/resources/shop

🚧 DISCLAIMER 🚧 On this channel, I share my thoughts, opinions, and own journey to financial freedom. We also bring on guests to share their experiences as well. I am a licensed REALTOR-ASSOCIATE®. However, I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content on this page shall not be construed as tax, legal, insurance, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. I hope you enjoy our content and join in on this financial freedom adventure! https://averagejoefinances.com/disclaimer

If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please email me at 📬 [email protected]

Support the show (https://www.buymeacoffee.com/avgjoefinances)