The principle of owning real estate to become wealthy has never been more true today than it was back then. Simply think of the many investors who have built enormous wealth and rose up to create their own legacy from it. In this two-part series, we go deep into the ways these real estate tycoons were able to succeed. We cover the seven powerful tools that they’ve used to create legacy wealth, starting with why cashflow is king and how you can introduce leverage into the equation. We also delve into the benefits and power of real estate with Kirk Chisholm, a Wealth Manager and Principal at Innovative Advisory Group. Kirk takes us into what they do over at the company, sharing some advice on investing and more.

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Marshall Field once said, “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” Marshall Field was an American entrepreneur who lived in the 1800s. His quote was obviously made it an era before tech stocks, hedge funds and excess money printing by the Federal Reserve. However, the principle of owning real estate to become wealthy still holds true now. In fact, we can make a strong case that it is far truer now than it was back then. Real estate is arguably the best asset class if you want to build enormous wealth. While you often hear about well-known real estate investors such as Donald Trump or even Sam Zell, there are countless more who are relatively unknown and very wealthy. What we're going to cover in this show are the seven powerful tools that these real estate tycoons were able to use to build legacy wealth from real estate.

While most of these tools apply to both the real estate investors and homeowners, there are more benefits to owning real estate as an investor rather than a homeowner. As we jump into that interview, I want to remind you of two quick things. First, if this resonates with you and everything we talk about on this show, by all means contact one of our investment counselors and set up a free strategy session for yourself. That way you can discuss where you are now, where you want to go, what that would look like in terms of a roadmap or a plan of action. Then breaking that into a criteria to follow that will make it super easy for you to identify the markets and properties that will meet your investment criteria. That is something we do virtually every day with real estate investors all around the country. Lastly, if you haven't already done so, please remember to subscribe to the show, whether it's on Google Play or iTunes, just subscribe. If you can, by all means leave us a rating and review. We will certainly appreciate that.

If you missed our last episode, be sure to listen to Lessons Learned Going From Local To Nationwide Investing - A Client Interview.

Enjoy the show!

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7 Powerful Tools To Create Legacy Wealth From Real Estate
It's my pleasure to welcome Kirk Chisholm to the show. He is a Principal and Wealth Manager at Innovative Advisory Group, an independent registered investment advisor. He's located in Lexington, Massachusetts and he's been providing financial advice to individuals and families since 1999. His influence and innovation have promoted change in many areas of wealth management and the industry itself. He was acknowledged as the number seven most influential financial advisor on Investopedia’s Top 100. Kirk, welcome to the show.

Thanks for having me on, Marco.

It's my pleasure. I don't have registered investment advisors on t...