Break Your Golden Handcuffs - Charting Success in Real Estate with Kevin Romney's Tax Strategies

Charting Success in Real Estate with Kevin Romney's Tax Strategies

01/18/24 • 29 min

Ever felt shackled by the golden handcuffs of a stable yet uninspiring career? Kevin Romney, co-founder of Camino Verde Group, joined me to recount his bold shift from the structured world of accounting to the entrepreneurial dance of real estate. His tale is one of liberation and legacy, taking cues from his self-employed father and now shaping a future where quality and affordability in housing are not mutually exclusive. We navigate through the essentials of building strategic partnerships and share the secrets of investing remotely with success—because even when your business crosses state lines, values and vision must remain in lockstep.
Property deals usually conjure images of cutthroat bidding wars, but not in the universe where Kevin Romney operates. Our latest episode peels back the curtain on how Camino Verde Group secures off-market gems and the financing sorcery that makes them sparkle. A Kentucky deal is examined under the spotlight, showcasing the prowess of nurturing relationships and the magic of owner financing. Meanwhile, the challenges of a market cooled by interest rate hikes serve as a backdrop to our discussion on conservative underwriting and the power of solid banking relationships. This is the insider's guide to weathering financial storms and emerging with a robust real estate portfolio.
Finally, who says the tax man always needs to take a big bite? Kevin illuminates the path to tax-savvy real estate transactions, employing installment sales and contract creativity to keep more money in your pocket. But beyond the numbers lies the human element of mentorship in real estate—those seasoned guides who can illuminate the murky waters of complex deals. For those enticed by Camino Verde Group's strategies, Kevin extends an olive branch. Reach out, and you might just find a collaborator eager to join you on a journey to sustainable success.

Follow David McIlwaine's Socials
YouTube | LinkedIn | Instagram | Facebook
Join my newsletter @ MAC Assets

Previous Episode

From Coma to Crusader Nick Prefontaine's Tale of Resilience

When life threw a curveball at Nick Prefontaine, leaving him in a coma after a snowboarding accident, he didn't just adapt; he rewrote the playbook on recovery. This episode brings you the unparalleled journey of a man whose relentless spirit turned a dire prognosis into a story of triumph. With the same determination that saw him relearn the most basic of life's functions, Nick now empowers others through his organization, Common Goal, using his own experiences to kindle hope and strength in those facing their darkest times.
Strap in for a heartfelt conversation where we trace Nick's path from the intensive care unit to his extraordinary achievements today. Sharing the mic, we reflect on the parallels between the grueling ascent from illness to wellness and the climb to success in any endeavor. This episode underscores the potency of a support system, the motivational force of a mother's belief, and the importance of setting audacious goals. It's about the power of envisioning a finish line so compelling, that every setback becomes a mere stepping stone to that victorious moment of running out of the hospital doors.
As we wrap up, we delve into Nick's STEP system, an invaluable resource accessible through our show notes. It's a practical guide to nurturing support, trust, energy, and persistence, whether you're navigating personal hurdles or professional obstacles. Tune in for an episode brimming with resilience, insights into helmet safety, and the life-affirming narrative of a speaker who has made it his mission to ensure that for many, the journey doesn't end with trauma—it begins anew.
Contact Nick @ www.NickPrefontaine.com or get his ebook, "STEP" at www.NickPrefontaine.com/step

Follow David McIlwaine's Socials
YouTube | LinkedIn | Instagram | Facebook
Join my newsletter @ MAC Assets

Next Episode

Isaiah Colton: From Digital Marketing Maverick to Real Estate Heavyweight

Discover the journey of Isaiah Colton, a real estate game-changer whose story isn't just about property – it's about prosperity. From mastering digital marketing to making monumental moves in the housing market, Isaiah's tactical transition earned his brokerage a prestigious spot on the Inc 500 list. This episode promises to unpack his story of turning leads into lucrative deals and crafting a referral program that skyrocketed his business. Get ready to learn how Isaiah built a million-dollar net worth from a six-figure income in just seven years, and why treating your job as your own business could be the ticket to transforming your corporate experience into a commanding career.
Prepare to grasp the lifeline of disciplined money management as we navigate the choppy seas of business expansion. Growth is no gentle upward curve – it's a "hockey stick" trajectory fraught with financial challenges and lessons in restraint. I share the keys to sustaining a budget that backs your business ambitions and the wisdom of achieving profitability pronto. The episode doesn't shy away from the tough love of entrepreneurship – including when it's time to upgrade or say goodbye to team members who can't keep pace with your vision. This is your guide to reinvesting profits, managing risk, and maintaining the creative edge that will keep your business buoyant without diluting your ownership.
Cap off your listening experience with a treasure trove of financial management tips and career success strategies that are universally applicable. Isaiah provides a wealth of insights, from the compounding magic of wise investments to the significance of fine-tuning systems for sales and growth. Whether you're an executive striving for that next rung on the corporate ladder or a budding entrepreneur with dreams of independence, this episode is your map to unlocking the 'golden handcuffs' and charting a course toward both professional fulfillment and financial freedom. Don't miss this conversation filled with principles that spell success in any career – tune in for a dose of inspiration and actionable advice to steer your own financial and professional destiny.
Isaiah can be reached at https://www.isaiahcolton.com/

Follow David McIlwaine's Socials
YouTube | LinkedIn | Instagram | Facebook
Join my newsletter @ MAC Assets

Break Your Golden Handcuffs - Charting Success in Real Estate with Kevin Romney's Tax Strategies

Transcript

Speaker 100:00:01.344

Hey everybody , david McElwain here with another episode of Baker Golden Handcuffs podcast Today . I'm super excited to have with me today Kevin Romney . He is a managing director of Camino Verde Group , a firm he co-founded in 2019 . Camino Verde is a real estate investment and development firm whose focus is creating quality , affordable housing . At Camino Verde Group , kevin is res