Navigating Risks and Success in Real Estate: Lessons Learned from a Lawsuit with Joe DiSanto

Joe DeSanto is a fractional CFO who specializes in providing part-time CFO services to businesses. He has a background in owning larger businesses in the production and post-production space in Los Angeles. Joe and his wife decided to make a change in their lives after having a child, and they moved to Florida. With their savings from real estate investing and other market investments, Joe was able to work part-time and supplement their passive income. His financial independence and early retirement mindset led him to consider himself semi-retired. However, his expertise in finance and managing businesses led to his former partners asking him to continue handling their finances as a consultant. This led to other business owners reaching out to Joe, realizing the need for a part-time CFO who could provide the same level of expertise at a more affordable cost. Joe enjoys working with his clients and helping them understand the importance of running their personal finances like a business. He started a blog to communicate his knowledge to individuals who may not be able to afford a CFO but still want guidance in managing their finances. Through his blog, Joe offers free information and courses, as well as one-on-one coaching sessions. His goal is to help individuals gain good planning skills for their own future at a reasonable cost. Overall, Joe's focus is on helping businesses and individuals achieve financial success and improve their overall financial well-being.Connect with Joe DiSanto: https://www.playlouder.com/Key Topics & Bullets:Primary Topic 1: Real Estate Investment and RiskAlmost making a real estate investment in Nashville for short-term rentalsProperty was subject to a lawsuit due to owner renting without a licenseCanceling the contract and getting money backLesson learned: Avoid risky or uncertain venturesImportance of compound annual growth in real estate investments<br/>Primary Topic 2: Taking Control of Financial PlanningTaking control instead of relying solely on the financial industryPersonal investment strategy: diversifying portfolio between real estate, syndications, cryptocurrency, and stock marketAdjusting asset allocation based on market conditions and personal circumstancesExploring other investment products like life insuranceCreating a new asset allocation planImportance of educating clients about different investment options and savings<br/>Primary Topic 3: Financial Support and AdvisingThe speaker's role as a financial therapistAssisting with money management and avoiding mistakesHelping businesses with employee managementAssisting clients with organization and identifying areas of improvementAdvising clients to raise their prices, resulting in positive outcomesActing as a fractional CFO<br/>Primary Topic 4: Financial Services for BusinessesSpeaker's background in owning businesses in production and post-production spaceTransition to offering financial services as a consultant and part-time CFOPassion for finance and running personal finances like a businessOffering coaching and courses on financial planningMission to help individuals manage their personal finances like a business and achieve financial independence<br/>Primary Topic 5: Analyzing Real Estate InvestmentsImportance of analyzing the financials of real estate investmentsFactors to consider: cash flow, appreciation, CapEx, and tax implicationsThe current market is not favorableThe significance of time a