Dr. Allen Lomax joins Derek to share his personal journey of overcoming struggles and setbacks through mindfulness, empathy, and personal growth. They discuss their experiences in real estate investing, including strategies for raising capital and sourcing properties, and the importance of relationships and validation. They also explore the challenges of providing affordable housing in rapidly growing cities and the rising costs of rent for college students. Through their stories and insights, they emphasize the power of empathy and mindfulness in achieving success and making impactful investments.
This week on Traversing Entrepreneurship:
[0:00] Introduction – Derek Dall’Olmo welcomes listeners and introduces Dr. Allen Lomax
[5:30] Allen shares his personal story of struggles with identity and depression as a young person
[10:20] Allen discusses finding fulfillment later in life through therapy, education, and helping others
[15:00] Allen talks about his passion for horses and discovering empathy and mutuality in relationships
[20:00] Allen explains his evolution from single-family real estate to commercial properties and capital raising for existing syndicates
[25:00] Allen discusses how he builds connections through his podcast and relies on it to find potential partners
[30:00] Allen talks about using mastermind groups for support and validation in real estate deals
[35:00] Derek and Allen discuss lessons around leverage from Allen’s past experiences
[40:00] Allen bAllences his academic career with real estate investing by leveraging flexibility as a professor
[45:00] Derek and Allen discuss affordable housing challenges for local workers in vacation towns
[50:00] Derek expresses concerns about rising costs of college housing and its impact on students
[55:00] Allen offers a free strategic consultation and wraps up the discussion
Connect with Allen:
- Website: https://steedtalker.com/
- LinkedIn: https://www.linkedin.com/in/allenlomax/
- Email: steedtalker@gmail.com
About TreMonte and Traversing Entrepreneurship Podcast
Traversing Entrepreneurship is a show for and about business owners in Traverse City, Michigan and beyond. In each episode, co-hosts Derek Dall’Olmo and Melissa Niedzielski sit down with local business owners and the professionals who serve them to talk about business building, life, money, taxes, family — and all the ups and downs that come with doing something different. Join us to hear their stories and lessons learned — and to get inspired about what might be possible in your own business.
Derek and Melissa work together at TreMonte Financial Consultants, LLC and TreMonte TreMonte Tax Solutions, LLC (together referred to as “TreMonte”). TreMonte works with business owners and entrepreneurs to develop a proactive tax strategy that maximizes after-tax profits. It is TreMonte’s goal to bridge the gap between Financial Advisors and Accountants by serving as CFO to their clients.
This show is for informational purposes only and should not be viewed as personalized financial, investment, tax, or legal advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation.
Please email Derek Dall’Olmo at derek@tremontefinancial.com with questions and comments or to schedule a one-on-one conversation.
TreMonte Facebook Page | Follow Derek on LinkedIn | Follow Melissa on LinkedIn
Subscribe:
Apple Podcast | Google Podcasts | Amazon Podcasts | Stitcher | Spotify | Deezer | TuneIn
If you enjoy the show, please leave a review on iTunes to help others discover the podcast.