After having been forced to take a little time away from recording new episodes, I am back to pick up where I left off.

On this episode I take a moment to reflect on how real estate has provided me with the TIME freedom to spend with my father who has been saddled to a hospital bed for over seven (7) months up until his unfortunate passing early this month.

I also address three listener questions on the best way to get started in real estate investing.  Another question about a lender's ability to accelerate a loan using the "Due on Sale" clause -- and how to avoid it.  And finally an interesting question about an IRA exit strategy when turning 70 1/2 and you are required to make the minimum required disbursements (MRD).

If you missed our last episode, be sure to listen to Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth.

Enjoy the show!

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My Father's Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy
My father passed away on February 2nd. He’s been suffering for quite a long time. He had lung cancer and the last six, seven months have been rather difficult on him. The last two months have been exceptionally hard. I just tried to spend as much time as I could with him. My father was a great man. He was very compassionate and respectful and unselfish. He always put family first. I've had people tell me that my father gave me a beautiful gift, and that’s his temperament. You learn a lot from your parents and you get your values from your parents, whether it would be trust, honesty and just having integrity. These are the things I learn from my parents. My father was an amazing person who really touched a lot of people unknowingly. These values that I got from my parents and my father, I implement those in my own life and I pass those on through my business and just being open and honest and transparent and trustful with people.

The reason I was able to spend all that time visiting my father is because of real estate.

The reason I'm sharing this with you, aside from the fact that I just haven’t been available or in frame of line to put any episodes out for the last three or four weeks is because in looking back, I went to visit my father who lives out of town. A three-hour flight from where I live here in Southern California. Every month I would go and visit him for seven, eight days at a time and spend the majority of my time with him in the hospital. I would do that every month. I've been doing that for the last seven months consistently. When I look back, the reason I was able to do that, the reason I was able to spend all that time visiting my father is because of real estate.

The business and the investment of real estate has given me the freedom to travel and visit with him and spend the time. It’s all about that freedom. It’s not just about the cash but it’s about the time. Fortunately, I had the time to go and visit with him. I'm glad I did because I was there right to the very end.

The message I have for you is that a lot of us love what we do, but there are a lot of people out there that have a job that they don’t necessarily care for all that much. Even if they do love it, you’re married to the occupation or your career, it’s a 9 to 5 type of thing, and that’s all fine. I love what I do and a lot of people love what they do. What happens if you have accidents or a sick family member and you need to go and spend time with them? Are you going to be able to do that? Do you have the time freedom to do that? That’s my goal for you, really to help bring you, our audience, to a point where you have financial freedom and time freedom.