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Episode Info

Episode Info:

When Dan Zitofsky was 18 years old, he got a 30% FHA loan and bought his first condo with it. While in the Navy, he was making more money on his condo than on his salary. This is when things really started to click for him. When he got out of the military, he jumped into real estate.

However, it slowly became more and more a job for him and not the freedom lifestyle he wanted for himself. On today’s show, Dan talks about his real estate journey, why he prefers paying off his debt straight away, and why notes have really helped him develop the REAL passive income lifestyle we all desire.


Key Takeaways:

  • Truth be told, there isn’t a lot of passive income from just being a landlord.
  • Who is Dan and what does his business look like today?
  • After nearly having a breakdown from stress, Dan knew there had to be a better way to do his business.
  • Dan only holds notes on properties he’s willing to own.
  • What’s the difference between an active investor vs. passive investor?
  • Anytime you own debt, you also own risk. If a downturn happens, things can really go south for you.
  • Dan shares a case study and explains a bit more how he creates long-term wealth.
  • Dan got an 85% return on his money.
  • Dan does recommend buying some rental properties. Once you’ve bought them, focus on paying those mortgages off as fast as possible, and then selling those properties to investors on a note.
  • The best part is Dan doesn’t deal with a high-volume of investors. Last year he did 182 properties with only 18 investors. They were high-quality and easy to manage.
  • How does Dan usually structure his deals?
  • Dan talks about why he doesn’t like selling partial notes anymore.
  • How can a wholesale beginner get into this note space?
  • Get out of debt as quickly as possible.
  • Remember, invest in yourself first.
  • Check out Dan’s training! Link in the show notes below.


The Flip Empire Inner Circle

Want to close more deals and generate more revenue? Have questions you want to ask me? Interested in generating more leads, creating systems, automating your business, or just growing as an Entrepreneur? This isn't your typical coaching program that charges you b/w $5,000 - $50,000. This is a small community of experienced, like-minded, successful Real Estate Investors. Click To Apply, and let's talk!


Mentioned in This Episode:

Check out Dan’s Building Real Wealth Video Course (Note: Enter "Alex" into the Promo Code section to get $50 off!)

Connect with Dan on Facebook

Let Dan help you with your investments, check out Zitofskycapitalmanagement.com

Email Dan: Dan@Zitofskycapitalmanagement.com

Watch this quick video of Dan breaking down how he became the bank on a deal and created TRUE Wealth.

Leave us a review here: Flip Empire on iTunes

Email Alex: Alex@FlipEmpire.com

Interested in joining The Flip Empire Inner Circle (Small Group Consulting Program), Apply Here


Ask Alex A Question:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!


Did you get your FREE Online Course?

Text the word EMPIRE to 67076, and we’ll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course.


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