Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki "Rich Dad" | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.

Passive Real Estate Investing

Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki "Rich Dad" | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Passive Real Estate Investing

Description

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!

Categories

Business
Education

Episodes

182 - Why Financial Literacy Is So Important

Sep 10, 2019 1200

Description:

Why Financial Literacy Is So Important | PREI 182





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175 - Ask Marco - How Did Marco Branch Out Into Other Markets in the Beginning?

Sep 5, 2019 697

Description:

Ask Marco - How Did Marco Branch Out Into Other Markets in the Beginning? | PREI 175

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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180 - Ask Marco - Keep It or Sell It?, FortuneBuilders, Refinance or Sell?

Sep 4, 2019 1397

Description:

Ask Marco - Keep It or Sell It?, FortuneBuilders, Refinance or Sell?

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!


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179 - Ask Marco - Buy My Home First or Start Investing in Rental Properties?

Aug 29, 2019 550

Description:

Ask Marco - Buy My Home First or Start Investing in Rental Properties?
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!


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178 - Do-It-Yourself Property Management - Laurence Jankelow

Aug 27, 2019 1466

Description:

One of the beauties of real estate investing is how you can either do it alone or have a team with you. If you are thinking of doing the latter, this episode is going to give you the information on whether it is for you or not. Guest expert Laurence Jankelow is here to tell us all about it. Laurence is the Cofounder and Chief Operating Officer of Avail, the first and only online platform for independent landlords and their tenants. Laurence gets down into the scale of managing a property by yourself as an independent landlord and how they, at Avail, could help you jumpstart on this path either as a landlord or tenant.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 

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176 - Don't Save For Retirement - Daniel Ameduri

Aug 20, 2019 2250

Description:

The concept of wealth has evolved throughout the years. In today’s world, it is often understood as something to look forward to in the future, that is, retirement. We all get pressured into working for that financial freedom that is often misconstrued as a faraway goal to work away for. Daniel Ameduri, a self-made multimillionaire and Cofounder of Future Money Trends, believes that retirement is a failed experiment. A full-time skeptic of conventional thought, Daniel says it is possible to enjoy a great life now and also live the life of a retiree by focusing on what the wealthy invest in. He tells us, Don’t Save for Retirement, and through his book of the same name, he takes us deeper into the reasons why.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 

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173 - Ask Marco - Is Buying a Rental Property Smart?

Aug 15, 2019 574

Description:

Ask Marco - Is Buying a Rental Property Smart? | PREI 173
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 







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174 - Housing Market Trends with Daren Blomquist

Aug 13, 2019 2262

Description:

Housing Market Trends with Daren Blomquist | PREI 174

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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171 - Ask Marco - Beginner Turnkey Real Estate Investment Questions

Aug 8, 2019 777

Description:

Ask Marco - Beginner Turnkey Real Estate Investment Questions | PREI 171

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 



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172 - Lessons From Millionaires

Aug 6, 2019 2607

Description:

Thomas Stanley, the author of The Millionaire Next Door wrote, “Before you can become a millionaire, you must learn to think like one.” Clark Sheffield and Jace Mattinson, hosts of the Millionaires Unveiled podcast, have talked to over 100 millionaires about their stories and strategies of success in real estate. Tapping into their brain, they have pulled out amazing nuggets of information of how they started their journey and how they got to become millionaires. In this episode, Clark and Jace share how they came up with the idea for their podcast and reveal the common denominators they have found amongst all these millionaires they’ve interviewed.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 

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169 - Ask Marco - Should I Sell My Rental to Buy More Rentals?

Aug 1, 2019 460

Description:

Ask Marco - Should I Sell My Rental to Buy More Properties?

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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167 - Ask Marco - Should We Buy as a Homeowner to Get the Lower Down Payment?

Aug 1, 2019 361

Description:

Ask Marco - Should We Buy as a Homeowner to Get the Lower Down Payment?
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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170 - Lessons Learned From Jim Rohn And Other Great Legends with Kyle Wilson

Jul 30, 2019 2479

Description:

There are influential people and there are super influential people. In this episode, host Marco Santarelli interviews Kyle Wilson, the Founder of Jim Rohn International and KyleWilson.com among others, about the people that greatly influenced him in his business. He recounts how he met his business partner, Jim Rohn, and shares the most important things he has taught him. In the same manner, Kyle was an agent of other influential individuals including Denis Waitley, Chris Weidner, and Ron White; and he shares the common thing about these great people that made them who they are today. Introducing the book he co-authored with Mark Victor Hansen and Jack Canfield, Chicken Soup for the Entrepreneur’s Soul, Kyle offers some great takeaways for those entrepreneurs who are striving to achieve.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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165 - Ask Marco - Turnkey Investing vs Active Strategies

Jul 25, 2019 533

Description:

Ask Marco - Turnkey Investing vs Active Strategies | PREI 165

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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168 - How To Grow And Protect Your Wealth with Garrett Gunderson

Jul 23, 2019 2478

Description:

Wealth Factory founder Garrett Gunderson believes that the only way to protect your wealth is to make an impact in the world and face the future armed with the right gear and knowledge. In this episode, he talks about investing in and treating yourself as your greatest asset. Garrett goes deep into defining what is the investor DNA and why it matters when looking for things to invest in. Furthermore, he talks about economic independence and how it differs from financial freedom, all the while tackling how to avoid deferral and spending, build up your liquidity, and expand your means.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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166 - Three Immutable Laws Of Real Estate Investing

Jul 16, 2019 1786

Description:

Real estate has laws that you can follow to make your job regulated and meaningful. Full-time real estate investor Joe Fairless walks us through the three immutable laws of real estate investing, going deep into buying for cashflow, securing long-term and low leveraged debt, and having adequate cash reserves. Joe notes that being aware of these laws and implementing these into action can bring significant progress to your real estate endeavors. On the side, he also shares his journey and the catalyst that brought him towards syndication along with the great real estate lessons he learned from the 2008 downturn.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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163 - Accredited Investor Qualifications and Benefits

Jul 11, 2019 453

Description:

Ask Marco - Accredited Investor Qualifications and Benefits | PREI 163

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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164 - Going From Full-Time Job To Full-Time Investor

Jul 9, 2019 1681

Description:

Leaving your full-time job to become a full-time investor certainly has pros and cons, and it’s not necessarily for everybody. In this episode, Marco Santarelli talks to Lane Kawaoka about the pros and cons of going into full-time real estate investing, what he’s learned from the journey, and some things that you never thought about to help you see if it’s the direction you want to go. Lane Kawaoka is the Principal at Simple Passive Cashflow. He was a full-time civil engineer from Honolulu, Hawaii who is now a full-time real estate investor with a portfolio of single-family homes in Seattle, Birmingham, Atlanta, Indianapolis and Pennsylvania. Join Marco and Lane to understand the beauty of the real estate world through Lane’s investing journey.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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162 - Financial Preparedness - Is Your Financial House In Order?

Jul 2, 2019 2331

Description:

Many brilliant men are doing so many brilliant things, yet many of them can’t say that their family’s most important financial information would be easily found if something happened. Many of them don’t even have a written will. Learn how to remove the stress of not being prepared financially for you and your family and prepare to think about things you haven’t thought about before as host Marco Santarelli is joined by successful real estate investor Jay Gabrani to talk about financial preparedness and getting your financial house in order. This is an episode you don’t want to miss.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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161 - Ask Marco - Do Providers Mark Up the Price to Hit the 1% Rule?

Jun 27, 2019 482

Description:

So today we get a question coming in from Dave. In fact, this came in yesterday or the day before and it is related to the ask Marco episode I did last week about the rent to value ratio. And this one is actually a little bit more specific cause he's referring to it as the 1% rule, which a lot of people refer to it as and he says, Hi Marco. I've been a fan of your podcast for years now you provide great investing insight and knowledge in a trustful non-objective manner. Thank you for that. As you being in the turnkey business, can you explain why the 1% rule seems to be the baseline in the rent to value ratio? Sometimes it's a little over and under, but usually close when looking at the turnkey listing.

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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159 - Ask Marco - Should I Refinance our Rental to Buy More Properties?

Jun 26, 2019 470

Description:

Today's question comes from Jade. Thank you very much, Jade.

She says, excellent podcast. I wish that I'd found it sooner.

As you mentioned, ignorance is expensive. We paid off most of our rental home, but we'd like to retire soon, which means we need more cash flow. We're considering refinancing the rental in order to fund the down payment of additional rental properties in a different state that have a better cash flow. Any thoughts on this?

And Jay goes on to say we're nearing retirement age, so the thought of a refinance with a 30-year mortgage seems like a long time, but it would give us the best cash flow. What are your thoughts on this? Any other things we might want to consider?
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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160 - Three Paths to Passive Real Estate Investing Success

Jun 25, 2019 2106

Description:

Passing on a wealth of wisdom about various topics, Paul Moore, a Managing Partner of Wellings Capital, takes us into an eclectic ride that sheds light on what is going on in his life, how he attained success, and what is taking place in the world that very much affects us without our knowledge. As a finalist for the Ernst & Young Michigan Entrepreneur of the Year for two years straight, Paul shares his rags-to-riches story from having $1.5 million in the bank to $2.5 million in debt, and then back again. He also talks about his monumental task of raising money to thwart human trafficking while telling us the importance of the “big why” for investors, entrepreneurs, and executives. Going deeper into his life as an investor, Paul broke down the three subcategories of the passive real estate investing model. Discover great insights from Paul and create wealth for yourself that is far-reaching.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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157 - Ask Marco - When Does it Make Sense to Refinance A Rental?

Jun 20, 2019 473

Description:

Ask Marco - When Does it Make Sense to Refinance A Rental?

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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158 - Using Your Equity To Buy More Rentals

Jun 18, 2019 1377

Description:

These days, the real estate market has already gone back up its feet. Using equity for refinancing has been one of the smartest solutions for real estate success. Aaron Chapman who is a 21-year veteran of the finance industry talks about how to use the equity that you have to buy more rentals. He discusses what HELOC is and why he doesn’t advocate using it for down payments on more properties. Aaron also shares his opinion as to when a refinancing rental portfolio does not make sense and gives some tips on how to make good rate of returns.

Episode show notes: https://www.PassiveRealEstateInvesting.com/using-your-equity-to-buy-more-rentals

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
   
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 

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155 - Ask Marco - Should I Partner with Family or Friends?

Jun 14, 2019 551

Description:

Ask Marco - Should I Partner with Family or Friends?
 
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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156 - Market Spotlight: Chicago, Illinois

Jun 11, 2019 1893

Description:

Chicago real estate is known to be among the most expensive in the US. Despite this, many investors are still attracted to its market. In this episode, Marco is joined by John, one of their local property providers and property managers in the Greater Chicago market as they examine the overall rental market in Cook County. They talk about why we should be investing in Chicago and Cook County and who are the major employers in the area. They note why it is crucial that you know the street itself and the property in general before making any final investment and discuss the price range of Chicago apartments. As they talk about the typical neighborhood classification, they ultimately point out the reasons for succeeding and failing in the single-family rental business.

Episode show notes: https://www.PassiveRealEstateInvesting.com/market-spotlight-chicago-illinois

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
   
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 

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153 - Ask Marco - How Does Norada Get Compensated?

Jun 6, 2019 475

Description:

Ask Marco - How Does Norada Get Compensated?
 
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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154 - Achieving Massive Success: The 10X Rule with Grant Cardone

Jun 4, 2019 2086

Description:

Little thinking is for selfish people, while big thinking is for an unselfish person because 10,000 units require tremendous responsibility. The New York Times bestselling author of Sell To Survive, The 10X Rule and Be Obsessed Or Be Average, Grant Cardone cracks the code to achieving massive success. A successful multi-family investor and sales trainer, he dives into the impact of setting the bar higher with bigger goals and deciding to go all in. A firm believer that being average is a formula for failure, Grant reveals the four levels of action and the top reason why you should be obsessed about your passions. 
 
Episode show notes: https://www.PassiveRealEstateInvesting.com/achieving-massive-success-the-10x-rule-with-grant-cardone 
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary 
   
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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151 - Ask Marco - Who Should Be On My Real Estate Investing Team?

May 29, 2019 560

Description:

Ask Marco - Who Should Be On My Real Estate Investing Team?
 
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
 
 
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152 - The Creature From Jekyll Island - A MUST Listen

May 28, 2019 3879

Description:

It is believed that Mayer Amschel Rothschild, a German Jewish banker and the founder of the world-famous Rothschild banking dynasty said back in the late 1700's "Give me control of a nation's money and I care not who makes it's laws.".
 
I highly encourage you to listen to this entire episode.  I want you to think about what you hear, and maybe question some other long-held beliefs about things that are simply taken for granted or accepted as fact. 
 
Previous episode: http://www.PassiveRealEstateInvesting.com/how-to-build-a-powerful-credit-profile
 
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
 
 
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149 - Ask Marco - How Would You Invest $1,000,000 in Real Estate?

May 11, 2019 869

Description:

Ask Marco - How Would You Invest $1,000,000 in Real Estate?

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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150 - How To Build A Powerful Credit Profile

May 7, 2019 2168

Description:

A quote goes that if you don't take good care of your credit, then your credit won't take good care of you. Knowing full well the truth in that statement is Merrill Chandler, CEO and Chief Strategist at CreditSense. Merrill digs deep and highlights the importance of having not only a good but also a powerful credit profile. After all, what your credit looks like will determine whether you can get business lines. Merrill shares how we can build a powerful credit profile of our own and talks about credit repair, the FICO score, and the common mistakes people make with their credit profiles.

Episode show notes: http://www.PassiveRealEstateInvesting.com/how-to-build-a-powerful-credit-profile
 

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148 - 7 Powerful Tools To Create Legacy Wealth From Real Estate (Part 2)

Apr 30, 2019 1781

Description:

If you look at some of the wealthiest people in this country, you will notice that a lot of them are real estate owners. Picking up from where we left off, we finish laying down the seven powerful tools that these real estate tycoons have used to create and build legacy wealth. Still with Kirk Chisholm from Innovative Advisory Group, we talk about inflation and deflation and how you can take advantage of those, as well as debt reduction and the tax benefits of real estate. Learn more about these tools as you discover why real estate is considered as one of the best investments to be in. Combine what you have learned in this two-part series and create your own long-term strategy to start building wealth.

Episode show notes: http://www.PassiveRealEstateInvesting.com/7-powerful-tools-to-create-legacy-wealth-from-real-estate-part-2
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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147 - Ask Marco - Is Turnkey Investing Possible with Limited Capital?

Apr 25, 2019 566

Description:

Marco answers a subscriber's question about investing with limited capital and a simple solution if you don't have the capitol today.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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146 - 7 Powerful Tools To Create Legacy Wealth From Real Estate

Apr 23, 2019 1745

Description:

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.

Episode show notes: http://www.PassiveRealEstateInvesting.com/7-powerful-tools-to-create-legacy-wealth-from-real-estate
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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145 - Ask Marco - The 1% Rule

Apr 20, 2019 474

Description:

Marco answers a subscriber's question about the Rent-to-Value (R/V) ratio, and how to use it to quickly evaluate a property's financial performance.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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144 - Lessons Learned Going From Local To Nationwide Investing - A Client Interview

Apr 16, 2019 2011

Description:

One of the common practices of a new real estate investor is investing in your local area so that you can manage the property and see it. Marco is joined by Stephanie, one of their clients, to talk about the frustrations with self-managing, the false belief of having to invest in the local area, and the whole purchase process. Stephanie shares how she discovered turnkey real estate investing and turnkey rentals which opened a world where she can actually go to multiple markets and diversify the cash flow. Learn how you can choose the best markets to maximize your returns and put your capital to the best use possible as Stephanie shares her journey from local to nationwide investing.

Episode show notes: http://www.PassiveRealEstateInvesting.com/lessons-learned-going-from-local-to-nationwide-investing-a-client-interview
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
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143 - Ask Marco - The Rent-to-Value Ratio

Apr 11, 2019 556

Description:

Marco answers a subscriber's question about the Rent-to-Value (R/V) ratio, and how to use it to quickly evaluate a property's financial performance.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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142 - How Blockchain Could Transform Real Estate

Apr 9, 2019 2603

Description:

What makes blockchain universal is how it can be implemented for just about anything anywhere. Penetrating even to real estate, it proves its own flexibility and adaptability when it comes to transactions, record keeping, asset management, and more. Taking us in between the two is Craig Cobb. He is the founder of Trader Cobb, a cryptocurrency trading and training firm, and a host of the top-ranked show, The Trader Cobb Crypto Podcast. He talks about blockchain technology and how the real estate industry could be benefitting from it, touching on topics from tokenization and the SEC to smart contract and title insurance.

Episode show notes:  https://www.PassiveRealEstateInvesting.com/how-blockchain-could-transform-real-estate
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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141 - Active Real Estate Investing with Joe McCall (Part 2)

Apr 2, 2019 1533

Description:

Picking up with more nuggets of information from Joe McCall, we continue exploring active real estate investing as we look into his favorite strategy - doing lease options. He gets down to its two-part component of buying and leasing with a tenant while discussing its relation to wholesaling as well as holding titles and payment. Tapping into simpler things, Joe shares his thoughts about private lending and whether or not it is active or passive. He also compares the risks involved between the two kinds of real estate investing and gives his advice to those who are thinking about transitioning from being an active investor to a passive investor.

Episode show notes:  https://www.PassiveRealEstateInvesting.com/active-real-estate-investing-with-joe-mccall-part-2
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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140 - Ask Marco - Steps to Getting Started

Mar 28, 2019 565

Description:

Marco answers a listener question about the steps to getting started.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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139 - Active Real Estate Investing with Joe McCall

Mar 26, 2019 2011

Description:

Exploring the other side of passive real estate investing, we turn our attention to learn more about the different ways, methods, and strategies of active real estate investing. Learning both sides of the investing coin, we look at what active real estate investing is, what is involved, and how it compares to the pros and cons of its opposite. Sharing his expertise and experience is Joe McCall, investor, coach, and podcast host. He takes us deeper into wholesaling, leasing, and flipping – discussing and differentiating lease options, private lending, and more.

Episode show notes:  https://www.PassiveRealEstateInvesting.com/active-real-estate-investing-with-joe-mccall
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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138 - Ask Marco - Timing Your Buy and Sell

Mar 21, 2019 432

Description:

Marco answers a listener question about timing your real estate buy and sell.

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!
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How to Overcome the Fear of Out-of-State Real Estate Investing with Oliver Fu | PREI 138

Mar 19, 2019 1612

Description:

What holds you back from investing in some of the best markets in the United States?  Fear, uncertainty, ignorance, yourself?  Learn how to overcome those obstacles and how our clients succeed from all around the country.

 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 



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Tracking Your Income And Expenses On Autopilot with Heath Silverman | PREI 136

Mar 12, 2019 1926

Description:

Like any business venture, the ability to be able to track the performance and success or failure of your rental properties with a good system is vital. For some of us, that means tracking everything in a spreadsheet or maybe even QuickBooks or TurboTax. Whatever the case may be, keeping good records of your financials will help you secure future funds as well as keep excellent records for tax purposes. After years of frustration around the lack of technology available to the individual investor, Heath Silverman was inspired to streamline the entire real estate ownership life cycle. Heath is a part-time real estate investor and the CEO of Stessa, a software platform that gives millions of real estate investors a powerful new way of managing and tracking their income and expenses as well as communicating the performance of their real estate assets. He talks about that in this episode.

Episode show notes:  http://www.passiverealestateinvesting.com/tracking-your-income-and-expenses-on-autopilot-with-heath-silverman
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
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Ask Marco - Asset Protection

Mar 7, 2019 600

Description:

Ask Marco - Asset Protection | Passive Real Estate Investing

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Eight Principles To Be Rich, Wealthy, And Live The Dream Life with Dustin Heiner | PREI 134

Mar 5, 2019 2561

Description:

There's a reason why the majority of people in this world are poor. It is because they are not taught to be rich. They don't know the principles that the rich already know and implement in their lives. If you knew the principles of the rich, you could change your life and be rich as well. Copy what already works; it's that simple. The principles of the rich apply to everybody. They apply now, tomorrow, and far into the future. They're timeless and no matter when you learn these principles, they will help you to become wealthy. Dustin Heiner is a real estate investor who went from working the grind to living the dream. Join me and Dustin as we talk about the eight principles to be rich, wealthy, and live the dream life.
 
Episode show notes:  http://www.PassiveRealEstateInvesting.com/eight-principles-to-be-rich-wealthy-and-live-the-dream-life-with-dustin-heiner/
 
Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary
 
IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you! 
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Straight Talk with Robert Kiyosaki (Rich Dad Poor Dad) | PREI 133

Feb 26, 2019 2191

Description:

Probably everybody is familiar with Robert Kiyosaki or his top-selling book, Rich Dad Poor Dad.  Robert is a businessman, an author, and founder of the Rich Dad Company, a company that provides personal finance and business education to people through books and videos.  He has challenged and changed the way tens of millions of people around the world think about money.  He is an entrepreneur, an educator, and investor who believes that each of us has the power to make changes in our lives, take control of our financial future and live the rich life we deserve.  Robert joins us to talk about his inspirations, investing, growing a company, what he thinks about our education system, and more.

Episode show notes:  http://www.PassiveRealEstateInvesting.com/straight-talk-with-robert-kiyosaki-rich-dad-poor-dad/

Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary

IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.  This will greatly help share our podcast with others wanting to learn.  Thank you!

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Why NOW Is The Time To Diversify With Self-Directed IRAs | PREI 132

Feb 19, 2019 2861

Description:

Self-directed retirement accounts or self-directed IRAs is something that a lot of people are not too familiar about. A self-directed retirement account is no different than any other retirement account or IRA. Legally speaking, according to IRS regulations, you can self-direct virtually any retirement account, and what you can put into a retirement account is almost limitless. Amanda Holbrook, Vice President of Specialized IRA Services, talks a little bit about the benefits of self-directed retirement account and how to utilize them. If you want to know how you can take advantage of expanding or growing your portfolio using a self-directed retirement account and a little bit about diversification, this episode is for you.

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Market Spotlight: St. Louis, Missouri | PREI 131

Feb 12, 2019 2389

Description:

Real estate investors tend to overlook St. Louis, Missouri. Often known only for its gateway arch and as a Rust Belt City and part of the Flyover Country, this market does not really generate much attention. However, what most do not know is that St. Louis real estate holds significant potential. As the second largest city in the state of Missouri, St. Louis’ housing market holds almost three million people, thus making it also the twentieth largest metro area in the United States. With that, we bring the market spotlight as we take a look at even more reasons why investors should take advantage of this fact and come back to St. Louis - from the renter’s market to price range and more.

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Huge Tax Benefits as a Real Estate Professional | PREI 130

Feb 5, 2019 2336

Description:

Being a real estate professional undoubtedly has its own perks. One of which, especially for those investors who are also high-income earners, is the huge tax benefit. Having the status as a real estate professional equips you with one of the most powerful tax tools which could potentially help bring someone’s tax bill from 35% down to 15% or even lower. Some of you may not even aware of this. That is why we will take a dive into this subject as we talk about huge tax benefits and how you could qualify for it with founder of 401KCheckbook.com Bernard Reisz, CPA, CPCU.

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Profiting From The Profound Demographic Shift Ahead | PREI 129

Jan 29, 2019 2414

Description:

How do you profit from the profound demographic shift that's coming ahead? If you want to predict the future with accuracy, only one crystal ball will do and that's people by the numbers. By looking at demographics, we can predict the future from commercial to social to political to cultural trends. Counting people reveals what the trend will be over the next several years. That's because it's based on what people are doing from fertility to the location, meaning where they live and to aging. For instance, women are on the rise in the workforce nowadays, shattering glass ceilings. Meanwhile, Gen Y or the Millennials, the largest generation in history, are going to be moving into their own home soon. These are two of the key changes that will be determining the fortunes and futures of many people and what is going to happen over the next several years. Do you want to get ahead in your field or in real estate? Pay attention to the trends we're about to discuss with my guest, internationally respected demographer Ken Gronbach.

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2019 And Beyond - A Lender's Perspective | PREI 128

Jan 22, 2019 2115

Description:

Aaron Chapman joins us for a year-end review. We're going to take a look at 2018 as well as 2019 and see where we're going. Aaron is a 21-year veteran in the mortgage lending space. He lends his smarts, experience, and insights about the mortgage market and the way the industry is working from a lender’s perspective. Learn what’s going on in the mortgage lending industry, how that's going to affect us, and what we should be doing in terms of investing.

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Insurance, It's not what you know but what you need to know. | PREI 127

Dec 18, 2018 3243

Description:

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage, these includes specialized forms of insurance such as building insurance, content insurance, fire insurance, flood insurance and earthquake insurance.

Prevention they say is better than cure. The cost of property insurance often depends on what it would cost to replace the house and which additional items to be insured are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events.

Let's explore some of the basics and nuances of property insurance, as well as some uncommon or strange scenarios with my guest today.

www.PassiveRealEstateInvesting.com
www.NoradaRealEstate.com



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Market Spotlight on the Cape Coral, Florida | PREI 126

Dec 4, 2018 1757

Description:

Cape Coral is a master plan city. It’s pre-plotted and pre-planned with a lot of thought and design put in ahead of time before they broke ground at all. It's a fantastic place for investors to consider for a new construction development and investment in general. Marco is joined by Rob, one of his strategic partners in Southwest Florida who has worked in the real estate industry for over ten years. Rob goes into the details of the Cape Coral market and the different types of properties and opportunities that are there.

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5 Housing Trends That Will Change The Market In 2019 | PREI 125

Nov 27, 2018 1039

Description:

We've seen a slow down in the housing market this year, in most of the metro areas around the country.  What’s causing this slower growth in the housing market?  There are dozens of factors in play, but the ones with the biggest impact over the next few months and into the new year include the five factors we'll discuss on this episode.




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Investment Loans And The Mortgage Landscape | PREI 124

Nov 20, 2018 1675

Description:

The mortgage landscape is always changing. It’s dynamic and it’s fluid; it’s not static. Where is the mortgage market headed and what has changed with investment mortgage loans? Shawn Huss has been in the mortgage business for years. He's been ranked as one of the top 200 loan officers in the country for the past years. Shawn helps people understand what's available today, where we're going, and how that's going to impact them as real estate investors.

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Chewing The Financing Fat with Aaron Chapman | PREI 123

Nov 13, 2018 3037

Description:

Aaron Chapman, 21-year veteran in the financing industry focusing on real estate investing, talks about chewing the financing fat, giving the broader macro and economic perspective on the different rates—from interest to mortgage. Aaron shares how they are going to impact you as a real estate investor as well as how you can take advantage of the lending environment. He also provides his predictions about the mortgage rates over the next six to twelve months. Diving deeper, Aaron gives his thoughts into the claim that renting is cheaper than owning, while going further into the effects of inflation to the purchasing power.

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Ask Marco — Equity Acceleration, Book Recommendations, FHA Loans, Turnkey or DIY, Pay-off Loan or Not? | PREI 122

Nov 6, 2018 1812

Description:

Marco picked out some questions in his inbox that are applicable to almost everybody. He goes through some of them like equity acceleration, real estate book recommendations, FHS loans for principal residence, buying properties in cash, the cost of buying turnkey versus the true cost of purchasing, rehabbing, renting and refinancing investment properties, and whether you should pay off a mortgage or not. Hopefully they'll be helpful for you and you can relate to some of them.

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Where Is The Housing Market Headed? - Ivy Zelman | PREI 121

Oct 30, 2018 43:26

Description:

One of the most common questions in the real estate space is where we are in the housing cycle? Ivy Zelman provides some interesting perspective on the housing market, the direction we're going, the demographics, interest rates. Ivy is the CEO and founder of Zelman & Associates, LLC, a company she founded back in 2007. Her firm leverages housing market expertise, extensive surveys of industry executives and rigorous financial analysis to deliver proprietary research and advice to global institutional investors. Her team is widely respected for its unbiased views, depth of data and knowledge, and a willingness to offer counter consensus opinions when necessary. Ivy talks about where we are in the housing market cycle and shares some important factors and metrics that we should be looking at as real estate investors.

How to Pay LOW or NO Taxes Using Cost Segregation | PREI 120

Oct 23, 2018 37:36

Description:

How would you like to pay little to no taxes because you're an owner of real estate? Since 1997, the increasing number of property owners have cut their current income taxes by using something called cost segregation. Alan Goldstein, founder of Emunah Cost Segregation, explains that with cost segregation, an owner of real estate can accelerate their depreciation and thereby reduce their federal income taxes for years. Alan is an IRS-enrolled agent, a Florida real estate broker and mortgage broker, and an expert in depreciation. He says basing on a fundamental principle that a dollar now is worth more than a dollar tomorrow, this same logic can be applied to tax deductions because a tax deduction now is worth more than a tax deduction tomorrow. Learn more about how you can have an immediate increase in cashflow and the tax savings available to you through cost segregation. 

High Performance Habits For Investors - Brendon Burchard (Part 2) | PREI 119

Oct 16, 2018 32:56

Description:

Brendon Burchard, author of The Motivation Manifesto and High Performance Habits, is widely considered the world's leading high-performance coach, and is one of the most watched, quoted, and followed personal development trainers in history. As one of the most followed public figures on Facebook, his videos have been viewed more than 100 million times. This is part two of the interview where he shares the six high performance habits for investors for reaching long-term success.

High Performance Habits For Investors - Brendon Burchard | PREI 118

Oct 9, 2018 31:02

Description:

Imagine at the end of your life you were standing before your Creator and he asks you, “Did you use the time I gifted you each day to be a purposeful being? Did you follow your own path and make your time count? How faithfully did you tend to the dream I sowed in your soul?” This excerpt from The Motivation Manifesto beg the question of whether you're engaged in the right habits to achieve your highest potential. When was the last time you stopped to ask yourself these or similar questions? Brendon Burchard has spent many years helping others achieve their highest potential. His lessons are researched-based and immensely practical and will make a big difference in your life. As one of the most requested motivational speakers in the world, Brendon has shared the stage with the Dalai Lama, Sir Richard Branson, Tony Robbins, and many of the leading influencers of this era. Learn about the most effective habits for reaching long-term success as Brendon outlines the six high performance habits that move the needle the most in helping you succeed.

A Holistic Approach to Wealth Creation | PREI 117

Sep 25, 2018 43:26

Description:

A Holistic Approach to Wealth Creation with M.C. Laubscher.

Multi-Family Real Estate Investing with Michael Blank | PREI 116

Sep 17, 2018 41:15

Description:

Full-time entrepreneur, investor, and coach, Michael Blank shares great insights and information about his main focus, multi-family real estate investing. Taking us from the beginning of his journey to settling with multi-family investing, he provides the pros and cons he has learned along the way. He provides some contract to investing in residential real estate, the one to four-unit properties. He shares his thoughts on the market value of properties and what determines it; why most people don’t involve in large real estate business; and how to find deals. Pushing forth the value of appearing experienced, he urges to get yourself educated and to build a team around you that will help you forward.

Another Way to Defer Your Capital Gains Taxes | PREI 115

Sep 10, 2018 36:23

Description:

Brett Swarts, president of Capital Gains Solutions LLC, helps break down real estate taxes and offers some tips on what you can do to minimize them in a legal way. He talks about capital gains tax and how through deferred sales trust, the investors achieve freedom, liquidity, and diversification with their funds. Covering also 1031 exchange, he discusses its advantages and disadvantages in commercial real estate. Learn how both are different and when it is the best situation for both. Know your role in the process and the perspective to take while keeping in mind the solutions to some of the issues or problems that may arise.

Heads I Win, Tails You Lose with Patrick Donohoe | PREI 114

Sep 3, 2018 47:20

Description:

Americans are losing the money game. Freedom is our innate human tendency, yet that beacon of Americanism has dimmed over the last decade. It's an abstraction to some and a fantasy to others. Our society has replaced the foundational principles of self-reliance and entrepreneurship with security and dependency. The price we've paid for this transfer responsibility continues to compound. However, the opportunity to create financial freedom is far more available than it has been for your parents and their parents' parents. Patrick Donohoe, founder and CEO of Paradigm Life and PL Wealth Advisors, says it all starts with your financial education and your mindset. You may need to question everything you know about money and wealth investing in retirement, but it's available to you. Patrick talks about his new book, Heads I Win, Tails You Lose. His work centers on educating clients to reach their financial freedom by building wealth, creating cash flow, and establishing a legacy.

7 Steps for Picking a Strong Real Estate Market | PREI 113

Aug 27, 2018 30:00

Description:

The US housing market continues to grow with rising prices and new construction supported by a strengthening domestic economy. According to new data released by the NAR, the National Association of Realtors, home prices are still rising. However, a rental property is only valuable to you if there is a person willing and able to use the property and pay you rent. If you buy a house standing by itself in the middle of a desert, the prospects of you finding a tenant are very poor. What you want is a hassle-free cash flowing property near lots of well-paid people. Those people want to live near their jobs and the amenities they enjoy. Learn the seven steps for picking a suitable and strong rental market.

Loopholes Of Real Estate Investing with Garrett Sutton | PREI 112

Aug 20, 2018 43:53

Description:

Real estate becomes an asset when it brings you cash flow. As a real estate investor, you'll be putting other people's money to work for you. When we talk about loopholes of real estate, we're talking about the financial tax and legal advantages of investing in real estate as a passive income earner. It has been successfully utilized by many investors to protect and maximize their real estate investments. Loopholes provide for the defense of your valuable real estate. From a tax perspective, there are real estate loopholes to be opened. Smart investors know how to open those loopholes to their maximum advantage. From the legal side, there are real estate loopholes that need to be closed. When you learn when to open and when to close loopholes, you become a successful and even a sophisticated real estate investor. Bestselling author and Rich Dad advisor Garrett Sutton discusses the loopholes of real estate investing. Garrett has been practicing corporate law for more than 35 years, assisting real estate investors and entrepreneurs in protecting their assets and maximizing their financial goals.

A Property Manager's Perspective On Real Estate Investing | PREI 111

Aug 13, 2018 54:04

Description:

Your property managers are your asset managers. They take care of your property, fill vacancies, maintain the property, take care of the tenants who are your customers, and deal with the law and liability. They need to be understanding of the environment, speaking of the law and liability. Dave is the co-founder of Great Jones, a venture-backed business on a mission to make property management efficient, effective, and delightful for owners regardless of their portfolio size. He has a lot of industry exposure and experience. He was the director of construction for FirstKey Homes, a massive company that has purchased an untold number of homes. He oversaw operations across ten markets. Before that, he was the regional director of another massive company called Waypoint Homes. Dave talks about building his own company and gives his perspective on real estate investing.

Mindset Matters! Leveling Up Your Life Through Real Estate Investing | PREI 110

Aug 7, 2018 35:41

Description:

Warren Buffett once said, “Until you can manage your mind, do not expect to manage money.” Warren Buffett is correct. Without the right mindset, it would be difficult to become a successful investor. Getting into the field of property investing, your mindset matters and it plays a very important role in leveling up your life. Paul Thompson used to have a corporate day job but now he's a full-time real estate investor who lives to help others find their way. When Paul realized that the perfect time to start investing was never going to come, he simply switched his mindset and jumped in. Now, he's doing three deals a month and is able to help himself as well as others build wealth and passive income with cashflow. Paul tells his personal story of securing twenty plus deals in his first eighteen months of investing to serve as an inspiration for everybody else.

Ask Marco! - Negative Cash Flow, Multi-Family Housing and More | PREI 109

Jul 31, 2018 29:13

Description:

PREI 108 Unlocking Home Equity without Monthly Payments to Grow Your Portfolio

Jul 9, 2018 27:27

Description:

What if you could convert a portion of your home equity into immediate cash that you can use for any purpose, and what if there were no monthly payment requirements on that immediate cash? Jim Benavidez invests alongside with you in your home. It’s what’s called a home ownership investment, and because it's an investment and not a loan, there are no monthly payments at any given time on the money they provide you. In fact, there are no payments at all until you sell or refinance the home, and that can be up to 30 years later. Learn more how you can unlock home equity without monthly payments to grow your portfolio.

Investing As A Working Professional with Lane Kawaoka | PREI 107

Jul 2, 2018 35:09

Description:

Go to school, study hard, get a good job. That’s the linear path that a lot of people start on. After getting an engineering degree, Lane Kawaoka started working in the day job as a construction supervisor and bought a house pretty quickly. But he was never home because he was traveling all the time for work, so he started renting his home out. Realizing how much passive cash flow he was able to pull from that got him started into real estate investing as a working professional. He currently has a portfolio of eleven single-family homes in places like Seattle, Birmingham, Atlanta, Indianapolis, and Pennsylvania. He's also a partner in a syndication that controls currently over 1,300 apartment and RV units. Lane has made it a mission to help people get off the corrupt Wall Street roller coaster and focus on main street investments with safer, higher returns that benefit the American middle class.

Massive Growth And Profit In Residential Assisted Living with Gene Guarino | PREI 106

Jun 25, 2018 46:32

Description:

10,000 people a day are turning 65. Much more importantly, 4,000 a day are turning 85. Gene Guarino of Residential Assisted Living Academy is focused on investing in the mega trend of senior assisted housing. They find the right location, the best demographics, and they buy or rent a home and convert that into a senior-friendly, senior-safe home with grab bars, smooth floors, wide doors, and the like. Gene explains it's a residential home in the neighborhood which may have six to twelve seniors living in it with no sign in front being used as a group home for the elderly with caregivers 24/7. Gene exposes this exciting opportunity in a growing trend and talks about the real estate angle and the business angle of residential assisted living.

Passive Income from Tax Lien Certificates | PREI 105

Jun 18, 2018 34:46

Description:

Investing in tax lien certificates is an alternative way to include real estate in your portfolio, at least another source of income. When a homeowner falls behind on their property taxes, the county or municipality where the property is located can place a tax lien against the property. A tax lien certificate is issued usually by the tax assessor's office, verifying that there is a lien in place and the amount of taxes owed on that property by the current owner. According to the National Tax Lean Association, an amazing estimated $14 billion in property taxes goes unpaid each year. This is a pretty broad market for investors that most people don't understand. Ted Thomas explains how you can diversify a little and generate some extra cash using these tax lien certificates. Ted is a Florida-based educator, publisher and author of more than 30 books. His home study materials are international best sellers and draw clients from as far as Europe and South America. Find out how you can earn and make more money through an alternative form of passive real estate investing.

Bitcoin, Blockchain And Real Estate. Oh My! | PREI 104

Jun 11, 2018 41:36

Description:

Everybody has heard of Bitcoin, but some people really don't know what cryptocurrency is. Cryptocurrency is essentially a decentralized form of currency, and bitcoin is the market leader. The blockchain technology is the technology behind bitcoin. Blockchain and cryptocurrency expert Mike Freemen says the crypto revolution can bring money into the pockets of people who have never had a bank account and just skip that entire system. It's very liberating and powerful and the reach is virtually unlimited. Mike talks about bitcoin, blockchain and real estate, and says it's just a matter of understanding the uniqueness of what blockchain is and how that's going to apply to investing and real estate and contracts. Mike shares how his knowledge of blockchain technologies coupled with his investing experience allowed him to retire to Chile where he now spends his time advocating for freedom and seeking the next best way to cause more freedom in the world.

PREI 103 Market Spotlight on the Quad Cities

Jun 4, 2018 25:18

Description:

Where’s the hotbed for real estate investing? Answer: the Quad Cities. Chris delves into buying and renovating luxury properties for the working-class folks. The Quad Cities, where Chris started, boasts very solid fundamentals. There's very consistent, strong returns on these properties. Single family up to four unit properties and the tenant base are pretty stable. It's not a more volatile market, like you're looking at major markets, like New York or Los Angeles.

There's just a really high demand for a good rental product in the Quad Cities right now, considering that a lot of smaller operators don't take good care of the properties they handle. There's not too big of a supply of the more, as Chris would call it, like a luxury product for these working-class folks - and Chris’s team provides just that. Want in on the game before it's too late? Learn how to hold your properties to a high standard so you can lease them up in two weeks!

Copyright 2018

Investing in Real Estate from Over 6,000 Miles Away | PREI 102

May 21, 2018 37:29

Description:

How do you invest in real estate essentially as a solopreneur from over 6,000 miles away? Billy Keels is an international real estate entrepreneur, author, coach, and mentor. He sees opportunities where others often don’t in real estate. One thing that makes Billy interesting is that he works full-time for a Fortune 500 company in Barcelona, Spain, yet invests in US real estate from over 6,000 miles away. Billy talks about how he got started in long distance real estate investing, why he's doing what he's doing, how he's doing it, what's important to him, and what his challenges had been.

Top 10 Things Real Estate Investors Need To Know To Protect Their Assets with Scott Smith | PREI 101

May 14, 2018 44:16

Description:

Ownership of real estate has many benefits from an investment and tax perspective, yet there is downside risk. The value of real estate holdings can be used to cover damages awarded in lawsuits. It is important to consider asset protection strategies relating to real estate holdings in order to minimize that risk. Asset protection planning is a preemptive measures to reduce your exposure to future lawsuit risk. Scott Smith, owner of Royal Legal Solutions, says using the right tools to mitigate your exposure risk and liability is critically important. Learn more about the right tools and properly protecting ourselves.

Limiting Beliefs About Money and Wealth with Buck Joffrey | PREI 100

May 7, 2018 36:07

Description:

Thousands of people, despite all their best efforts to succeed,
grow, and thrive, end up failing financially. Our subconscious
beliefs often work against us, setting up hidden obstacles in
the way of achieving what we consciously think we want and
blocking the path to our highest potential. It’s those money
and wealth limiting beliefs that hurt us the most. These
negative beliefs are the money phrases that we have all
heard before and that many of us say consciously or even
subconsciously all the time. You need to be careful because
of these seemingly harmless phrases about money can
interfere with the wealth building process, exactly what
you're trying to work towards. Buck Joffrey, an accomplished
surgeon, entrepreneur, asset manager, and bestselling
author of 7 Secrets of Eternal Wealth, shares the most
common limiting beliefs and created a roadmap in his course
to help people towards their journey of investing on their
own and ultimately financial independence.

Learn more about Your Roadmap to Real Wealth.

Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing.

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After working with thousands of investors over the past fourteen years when I'm creating more income, wealth, and freedom, I've seen firsthand that it is our subconscious beliefs that often work against us, setting up hidden obstacles in the way of achieving what we consciously think we want and blocking the path to our highest potential. Thousands of people, despite all their best efforts to succeed and grow and thrive, end up failing financially, feeling hopeless and clueless about what they do differently to bring about a better income.

It's the negative beliefs that are the subconscious beliefs that hurt us the most. These negative beliefs are the money phrases that we have all heard before and that many of us say consciously or even subconsciously all the time. You need to be careful. Some of these seemingly harmless phrases about money can interfere with the wealth building process, exactly what you're trying to work towards. Here're some of the most popular phrases about money that you hear other people say, maybe you say these yourself. The first one is “It takes money to make money.” This phrase is limiting at best and destructive at worst. How about this one? “Money doesn't grow on trees.” This belief sets people up to believe that money is scarce and difficult to earn instead of seeing money as being abundant, which it is. Here's another one, “Another day, another dollar.” How often have you heard that one? “The masses trade time for money.” This creates the belief that making money is a linear process directly connected to time.

How about, “Money is the root of all evil?” The real thing is the love of money is the root of all evil, but it has been misquoted so often for centuries that most people believe money itself is the root of all evil. It is not. “A penny saved is a penny earned.” There's a classic. This is a very dangerous belief as it puts a major emphasis on saving, and saving in itself is not bad, but the masses are so focused on clipping coupons and living frugally that they missed the major opportunities around them. “Money can't buy you happiness.” I've heard family members say this in the past. You don't get rich to get happier. You get rich for the financial freedom and time freedom that it brings you. If you're unhappy without money, guess what? You're not going to be happy when you have lots of it. Selfishness is a virtue. The masses are programmed from an early age to put the needs of others before their own.

That sounds like a spiritual thing, a spirit-driven philosophy, it's the worst advice you can get when it comes to money because once you acquire wealth, then you can volunteer your time and give back to charity. It's all about being, doing, having, and then giving. What about more money and more problems? Another myth. Another myth among the masses is the idea that millionaires are workaholics, overloaded with so many problems that they don't have time to enjoy life. This is another excuse the middle class uses to justify being broke.

When it comes to money, the best advice is to always look at it from a consciousness of freedom, possibility, opportunity, and abundance perspective. Never look at money from a fear or scarcity point of view. That's going to drive you in the wrong direction. If you're rich, keep thinking the way you're thinking and if not, maybe it's time to change the way you think about money. We're talking about beliefs and how they affect your money and wealth.

It's my pleasure to welcome Buck Joffrey. Buck is an accomplished surgeon, entrepreneur, and asset manager. He's also the number one bestselling author of 7 Secrets of Eternal Wealth. He had a negative net worth when he finished surgical training back in 2008, but he quickly became a serial entrepreneur and a real estate investor, and he amassed an eight-figure net worth.

If you missed our last episode, be sure to listen to Evolution of the Real Estate Investor.

Enjoy the show!

–  –  –  –  –  –  –  –  –  –  –  –  –  –

Learn more about Your Roadmap to Real Wealth.

Learn more about Credit Suite.

Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW   (Thank you!)

SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed

Evolution of the Real Estate Investor | PREI099

Apr 16, 2018 49:32

Description:

As a twenty-year veteran in the finance industry, Aaron has developed this concept of the evolution of the real estate investor. You can imagine it as an hierarchical structure or similar to what you might find in an organizational chart with a company. Aaron explains that it is an evolution where you start out working with real estate investors who spend money by investing in real estate, who then evolve to a position as a business owner in possession of several properties, to being a chief operations officer and having within their organization people that are going to work with new investors to market the properties and find more. He shares that understanding each level of this evolutionary structure will help make the team become more efficient in doing their particular tasks and also enable them to work in harmony with the other levels.

I wanted to do something a little different. I’m bringing on a good friend and one of our preferred mortgage bankers, mortgage brokers and mortgage lenders, Aaron Chapman. Aaron was on years ago, and we talked about non-owner occupied real estate investing and getting loans in the mortgage environment. If you haven’t seen it, go back and read that episode because there’s a lot of foundational information about mortgage lending there. He has this very interesting concept that he refers to as the evolution of the real estate investor. He explained this a couple of times and I found it very interesting because it’s representing a hierarchical structure of what you might find in an org chart with a company, you, being the CEO of that company.

Aaron is a 20-year veteran in the finance industry and he focuses specifically and only on real estate investors. He does investment loans and he has a great team of a total of ten staff members that help him do these loans. He’s been married for 22 years and has four kids. He’s a very active guy and a lot of fun and he does a lot of stuff outside the investment and loan industry. He helps out with his local sheriff’s department in the rescue unit. He has been doing this for nine years as a technical off-road and helicopter rappel rescue technician.

If you missed our last episode, be sure to listen to The Memphis Market and Our Next Investment Tour.

 

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Memphis Market and Our Next Investment Tour | PREI 098

Apr 9, 2018 26:29

Description:

Memphis is a consistent and stable market. Mark brings back James, one of their team members out in the local market, to talk about the Memphis market and amazing things on the two-day Memphis investment property tour. He also talks about investing in Memphis and why it’s such a great cash flow market. James and his team has renovated, purchased, and sold over 235 single-family homes in Memphis, Tennessee that cash flow well and rent for very high-dollar amounts, making the cash on cash returns very attractive. Learn more about how you can invest in Memphis on the next investment tour.

I want to talk about Memphis and our next upcoming Memphis Investment Tour. For many of you, you know that we did a property/investment tour. I believe it was around the September, October timeframe. If you go back to an earlier episode, you will know that we talked about the Memphis Market and why invest in Memphis and why it’s such a great cashflow market. We can actually look back and talk about what we did on this two-day Memphis Investment and Property Tour because it was quite amazing. There was a lot of great content and education. We had some great speakers from all over the country and it was all packed into one and a half days. It’s happening again. We’re having another event in May and it’s an opportune time because they happen to have this world-famous barbecue festival or event that goes on. The timing is purposely done to coincide with that event.

I brought James back on the show here. For those of you that don’t remember, James leads the team that we work with in Memphis. They are a great company and a great provider in terms of putting out fantastic income producing rental properties. In 2017, James and his team purchased, renovated and sold over 235 single-family homes in Memphis, Tennessee. The average prices of those properties were a $101,000. We’re not talking super expensive properties. They’re affordable. They cashflow well. They rent for a very high dollar amount making the cash-on-cash returns very attractive. These are great income-producing properties. James and his team in conjunction with our team here work with investors around the world to help you guys create passive income. As one of our top turnkey providers and partners in the Memphis market, they’ve now ventured out into building some new construction homes. They’ve built 23, 24 and they are ramping that up. That’s going to be a new thing that we’re introducing to you as well as on this Investment Tour. I don’t want to take all of James’ thunder. With that I want to welcome, James.

If you missed our last episode, be sure to listen to From Zero to 35 Rentals in 4 Years – A Client Success Story.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

What To Expect When Buying A Turnkey Rental Property | PREI 069

Feb 19, 2018 53:13

Description:

On today's show, I have one of my senior investment counselors, Steve. And we will talk about what to expect when buying a turnkey rental property. We answer a lot of frequently asked questions here. All of our clients, whether they're new or fully seasoned investors, have certain questions and expectations. They all want to know what the next step is, what to do at a certain point, what to do in certain situations, and how to move the deal along. We have certain answers for all these situations. Turnkey Rental Property Investments | What You Need to Know In this article: Turnkey Real Estate Investing Basics  What Real Estate Investors Need to Do What is a Turnkey Property? Appraisals in Turnkey Real Estate Investing Inspections and What to Expect with Them Three Types of Repairs Turnkey Investment Properties and Repairs Turnkey Property Investment Closing Timeline How to Communicate with Service Providers What to Expect with the Lease Status of a Turnkey Investment Property How to Select a Turnkey Property Investment Your Responsibilities as a Turnkey Property Investor What Does a Real Estate Investment Counselor Do? How Norada Real Estate Gets Compensated   Turnkey Real Estate Investing Basics Turnkey investment properties aren’t a set-and-forget kind of deal. Some people think they can “flip” a rental property and have it move-in ready after a week of repairs. That’s not always true. Turn-key real estate is a long-term investment. It’s for those looking to build their passive income over time. If you want to keep things smooth, you’ll have to learn how to build a long-term relationship with appraisers, inspectors, turn-key property management firms, and other providers. What Real Estate Investors Need to Do New real estate investors think they don’t have to do anything to make passive income. That couldn’t be any less true. When you’re looking at turn-key property, you need to understand that you have responsibilities as an investor. This is the key to generating real wealth in real estate.   In this episode, we’ll talk about your expectations as a turnkey property investor. We'll also discuss your roles and responsibilities. And we’ll  talk about the best ways for you to engage with a turnkey company to help you make the most out of your investments. If you missed our last episode, be sure to listen to How Trump’s Presidency Could Affect Real Estate Investing. Enjoy the show!   Do you have turnkey rental property investment tips you'd like to share? Let us know in the comments section below!  Up Next: From Zero to 35 Rentals in 4 Years – A Client Success Story | PREI 097 –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher What To Expect When Buying A Turnkey Rental Property   Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. On today's show, I have one of my senior investment counselors, Steve, who's going to help me co-host this particular episode. What this episode is about is what to expect when you're buying a turnkey rental property. Let me explain what that means. We answer a lot of frequently asked questions and all of our clients, whether they're new or newbies or they are fully seasoned investors, have certain questions and certain expectations. They all want to know what the next step is and what to do at a certain point and what to do in certain situations and how to move the purchase along. We have certain answers for all these situations. They're pretty common across the board. We have this purchase process if you will. On today's show, we're going to talk about some of the most common scena...

Why Should You Invest in Alabama? (Huntsville, Montgomery and Birmingham) | PREI 085

Feb 14, 2018 36:18

Description:

We have a special show today because we're going to do another market spotlight. Today, we're going to talk about why you should invest in Alabama. In fact, there are actually three great markets to consider in Alabama. To discuss why you should invest in Alabama and these markets, I wanted to bring on one of my local market providers. He is a great guy, very knowledgeable. His name is Jared. Him and I were down at the IMN event in Florida a couple of months ago. He was on one of the panels, as was I on a separate panel. I really enjoyed listening to him talk because he is such a knowledgeable person. He's very detailed, analytical; he really digs into the markets and market timing and trends and the economics and fundamentals. He understands why a market makes sense from many levels. I could literally listen to him all day long. Then I thought, “We work together, and we have a property in Huntsville, Montgomery and Birmingham in Alabama. Why don't we just do a podcast episode and talk about these markets and why they make sense? Then you can take it from there.” If you missed our last episode, be sure to listen to Home Inspections: What You Need to Know. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Why Should You Invest in Alabama? (Huntsville, Montgomery and Birmingham) Jared, welcome to the show. Thanks, Marco. Thanks for having me. I'm glad to be here. I want to thank your listeners for taking some time to learn a little bit about demographics and what makes markets tick, why some markets are so much better to invest in than others. We're glad that they can take some time to listen. Thanks for having me on your show today. It's great having you on because you're a smart, and you know a lot of information. You're very knowledgeable about these markets and others too. When it comes to these tri-cities in the State of Alabama I thought we could just lift up the hood and look down and see what's there. A lot of people don't know about these markets or don't hear much about them. They're not sexy markets. Let's talk about those today. Before we get into that, share some of your background because you have a very interesting background. If you don't mind, include your story about when you were training other consultants and coaching clients such as Rich Dad coaches and others, because I thought that was a fascinating story. What was so funny, about ten years ago, I was looking for Robert Kiyosaki; many of you have probably read Rich Dad Poor Dad. I love his concepts, I love his books, I love the things that he teaches. When people paid $12,000 to $20,000 to talk to a coach for half an hour a week, you really expect that that coach is going to be 100% on top of the latest trends on exactly where market cycles are and be able to help protect you from investing at the top of the market and stop you from doing that, making sure that you're getting out at maybe 80% of the watermark so that when the market starts to go down, you're already at cash and you could buy when the market's down because that's when you really make money. Warren Buffett talks a lot about that and that's why Warren Buffet spent so much money getting into the single-family housing space six or seven years ago. All the hedge funds that you and I go to at the IMN conferences, they looked at that and went into the markets at the right time. One time, I was sitting on the coaching floor and all these coaches that I used to train for Robert, I would listen to him and it would be California in 2007, people would say, "You can make money in any market.

Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash? | PREI 088

Feb 2, 2018 46:56

Description:

Vladimir Lenin once said the way to crush the middle class is to grind them between the millstones of taxation and inflation. It's true, and it's happening. Inflation and Real Estate Investors Financial industry insiders talk about monetary policy issued by central banks, exchange rate policies, and inflation rates, most of which are not fully understood - and are completely ignored - by the general public. What you need to know is that the odds are stacked against real estate investors in a more comprehensive and complicated way than most people are aware. The Advantages of Understanding Inflation Theory The good news is that, when you're armed with this knowledge, you gain the ability to not only protect yourself from cost-push inflation and demand-pull inflation, but to also find new sources of wealth in unexpected places. The real return associated with these sometimes counterintuitive sources of wealth can be substantial because they work with the underlying flow of wealth rather than against it, notwithstanding the current monetary policy in place. How Inflation Rates Affect Real Estate Investors If you don’t understand inflation theory, stay tuned, because our guest today is going to dive into this with me. It’s something that will be an eye-opener for you and possibly even a paradigm shift. I strongly believe that understanding the three forces of asset deflation, monetary inflation, and taxes for inflation will be the single, most important thing you can do to protect and improve your standard of living over the long-term, whether there is price stability or not. I believe these forces will be the primary determinants of real financial success for investors in the decades ahead and that those who fail to understand these forces of economy will be a great risk in the future. Join me on this amazing interview with one of the smartest guys I know on the subject. It’s an episode you'll want to listen more than once, so don’t go away.   If you missed our last episode, be sure to listen to Millionaire Success Habits: The Gateway to Wealth & Prosperity – Dean Graziosi. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash? It’s my pleasure to welcome Dan Amerman to the show. DDan is a chartered financial analyst and a former investment banker with an MBA and a BS and BA degree in Finance. Dan has over twenty years of financial experience. As a former real estate investment analyst, he is more than well-qualified to talk about the relationship between the economy and real estate. Dan, welcome to the show. Thank you, Marco. I appreciate you having me. It’s an honor to have you here because I invested in some of your courses and material years ago and it was just absolutely fascinating. One of your programs, which I have on my bookshelf here next to me, is Turning Inflation Into Wealth. It’s quite a package. Let’s start off by you telling us a little bit about yourself and what you like to study. I'm a numbers guy. I guess I take maybe some non-traditional approaches to things. I was pretty conventional as a professional, financial analyst for institutions and major developers and so forth for many years. But I was really getting into studying what I felt was on the way in terms of retirement of the Baby Boom, in terms of global economic changes and so forth. I was very dissatisfied, number one, with most people’s understanding of these issues. Number two, and even more importantly, what people can do about it. I suppose I reached a point where it could have been pretty easy f...

How to Properly Interview and Hire Your Property Manager | PREI 086

Jan 30, 2018 1:06:08

Description:

Hiring a real estate property manager is an essential component of maintaining a property and its value in the market (not to mention attracting good tenants). If you're a property owner who is busy, owns several properties, or owns out-of-state real estate investments, you will certainly benefit from hiring a professional property manager. Why Should You Hire a Property Manager? Finding a reliable property manager who can efficiently handle the day-to-day management, maintenance, and repairs of your investment property, conduct tenant screening and rent collection, and stay on top of landlord-tenant law changes is absolutely essential. It's not only for peace of mind but also to ensure the maximum market value of the rental property. What Does a Property Manager Do? A property manager's job description includes taking care of all the details and busy work so you can focus on growing your real estate investments. Having a good property management company on your side goes a long way to ensuring easy, profitable, and stress-free investing. It can bring you hassle-free rentals and property maintenance while optimizing your cash flow and your return on investment. What Should You Look for in a Property Manager? It's important that the property manager, the company, and the overall business ethics inspire confidence and trust in you so you're completely comfortable in assigning the property over to them. I often refer to residential property managers as asset managers because if you stop and think about it, it's not just the property that they're managing, it's really your assets. My guest and I will talk about some of the things that you should look for when you're interviewing or hiring your property manager. If you missed our last episode, be sure to listen to Why Should You Invest in Alabama? (Huntsville, Montgomery and Birmingham). Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How to Properly Interview and Hire Your Property Manager It's my pleasure to introduce Linda Liberatore. Linda is the Founder and President of My Landlord Helper and Secure Pay One, a unique virtual assistant solution for do-it-yourself real estate investors. Linda is a motivational speaker and author of two books, Daily Inspirations to Achieve Your Real Estate Investment Goals and My Landlord Helper, a new book. Linda, welcome to the show. Thank you, Marco. I'm so pleased to be here. I'm glad to have you on. I remember first meeting you when you were a host to a panel discussion that I was on back in February. I got talking to you and learning a little bit about your business and your book and then you came out with another book called My Landlord Helper, which is self-titled to the website you have, which I took a look at and it was great. You have me intrigued with what you do. I have come to learn that you are very knowledgeable about property management and how to interview and hire and screen your property manager. I thought that is a great topic for our audience. Before we get into a discussion about property management, tell us a little bit about yourself and how you got into this space and about My Landlord Helper at a high level. I've been working with technology solutions and real estate investors for years. My Landlord Helper, Secure Pay One, we’re the combination, the marriage of the two. I've always worked with productivity tools and training and worked for a development team. I've always worked for people that were buying real estate investment properties. It's always been a passion of mine to make those work together. With that,

What To Expect When Buying A Turnkey Rental Property | PREI 069

Jan 30, 2018 53:13

Description:

On today's show, I have one of my senior investment counselors, Steve, and we will talk about what to expect when buying a turnkey rental property. We answer a lot of frequently asked questions and all of our clients, whether they're new or newbies or they are fully seasoned investors, have certain questions and certain expectations. They all want to know what the next step is and what to do at a certain point and what to do in certain situations and how to move the purchase along. We have certain answers for all these situations. If you missed our last episode, be sure to listen to How Trump’s Presidency Could Affect Real Estate Investing. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed What To Expect When Buying A Turnkey Rental Property   Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. On today's show, I have one of my senior investment counselors, Steve, who's going to help me cohost this particular episode. What this episode is about is what to expect when you're buying a turnkey rental property. Let me explain what that means. We answer a lot of frequently asked questions and all of our clients, whether they're new or newbies or they are fully seasoned investors, have certain questions and certain expectations. They all want to know what the next step is and what to do at a certain point and what to do in certain situations and how to move the purchase along. We have certain answers for all these situations. They're pretty common across the board. We have this purchase process, if you will. On today's show, we're going to talk about some of the most common scenarios and what to expect with appraisals and inspections and a whole list of stuff. I have Steve on the line here. Steve, welcome to the show. Hey, how you doing today? I'm doing great. It's good having you back on. It's been a while. It's been a while. I'm here, still alive and kicking. I'm happy about that. That's good. As you heard me say, we're going to talk about some of the frequently asked questions or more about the expectations. They're not so much questions but what to expect in certain scenarios. I've scripted a bunch of items on a sheet of paper here. We're just going to go through those. They're more or less in a chronological order. What I'll do is I'll just throw out the topic, maybe you can comment or answer the question and then I'll provide my commentary and then we can just banter if need be and then we'll move on to the next one. I'll answer it and we'd move on. Let's start with the most general item. It's something we talk about a lot. In basic terms, what is a turnkey property? That's a good question. It does cause some challenges if somebody comes to the table with certain expectations about what that is. The problem is that there is no correct definition. You go online, you research turnkey properties. There's a lot of different opinions about it. I think in general what it means is that everything is going to be done for you. That's probably something that everybody would accept as what a turnkey property is. You're going to buy a property that will be rehabbed and in rent ready condition. That usually means that the mechanicals and the major systems of the property should have I would say a minimum of seven years useful life left in them. You're not going to have to worry about any major expenditures like that for at least seven years. Your roof's going to be good, your furnace is going to be good. Also, the property has had a cosmetic overhaul inside. These are rental properties, they're not going to get courts counters and a...

From Zero to 35 Rentals in 4 Years – A Client Success Story | PREI 097

Jan 29, 2018 48:03

Description:

  Having a plan of action is one thing, but sticking to that plan is another. Most investors lose motivation when they see a task that is too big for them to do. But Anton Ivanov had a clear vision of his goals. When his tasks where bigger than he can handle, he broke it down to smaller pieces. Anton inherited a condo and became an accidental landlord but then saw that turnkey investments is great for starting investors who want to go out of state. Now he owns 35 rental units across four states that generates passive cash flow. Anton shares his stories of beginnings and how he got his confidence in the real estate investment world. --- I have an interesting episode because I have a special guest, but he’s more than a guest. He’s actually a past client. This guy has really impressed me. The reason is because he set out to acquire real estate and build a portfolio. He set some goals and he made a plan. Not only did he execute on his plan but he stuck to it. He stuck to it in a way that he actually surprised me. I got an email with the subject line, “Just wanted to say a HUGE thanks.” I was a little taken aback. At first I thought, “It’s a spam email,” and I was about to delete it but then I recognized his name. I opened it up and he basically said, “I want to reach out to you just to say thank you for all your help, guidance and advice you’ve given me in the few years back. It’s been absolutely invaluable.” That’s literally “right from his email.” One thing led to another and I wanted to get him on the show here to share his experience and a little bit about him and how he got started and why he chose the path he chose and how he built his portfolio. Everybody’s got advice and some wisdom and knowledge and I figured it would be invaluable for a lot of people to learn from him. His name is Anton Ivanov. He is a real estate investor and an entrepreneur. He has built a 35-unit rental portfolio that’s spread out across four states. He lives in California, so these are not in California. He’s also the founder of an incredible app called DealCheck. It is dubbed the leading real estate analysis software and it is used by over 28,000 investors and agents to quickly analyze and compare investment properties. I actually was part of that beta test when he was developing it and it is excellent. I really enjoy using it and it’s outstanding. If you live off of an iPhone or a smart device, I really suggest putting that on your device because it’s useful. With that, I want to welcome Anton to the show. If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed From Zero to 35 Rentals in 4 Years – A Client Success Story Anton, welcome. Marco, it’s great to be here. Thanks again for having me. It’s my pleasure because you really, really impressed me how you built up a 35-unit rental portfolio when you had essentially zero when we first started. You inherited one property from your family and that was the starting point. With that interesting story, why don’t we start off by you telling us a little bit about you and how you got started with real estate investing? I’m actually originally from Russia and I immigrated with my family to Southern California, to San Diego in 2000, so I was in high school. I graduated high school and actually right after that, I joined the US Navy, active duty. I served for six years for the American Navy. Along my service there, unfortunately my parents passed away.

From Zero to 35 Rentals in 4 Years – A Client Success Story | PREI 097

Jan 29, 2018 48:03

Description:

Having a plan of action is one thing, but sticking to that plan is another. Most investors lose motivation when they see a task that is too big for them to do. But Anton Ivanov had a clear vision of his goals. When his tasks where bigger than he can handle, he broke it down to smaller pieces. Anton inherited a condo and became an accidental landlord but then saw that turnkey investments is great for starting investors who want to go out of state. Now he owns 35 rental units across four states that generates passive cash flow. Anton shares his stories of beginnings and how he got his confidence in the real estate investment world.

I have an interesting episode because I have a special guest, but he’s more than a guest. He’s actually a past client. This guy has really impressed me. The reason is because he set out to acquire real estate and build a portfolio. He set some goals and he made a plan. Not only did he execute on his plan but he stuck to it. He stuck to it in a way that he actually surprised me. I got an email with the subject line, “Just wanted to say a HUGE thanks.” I was a little taken aback. At first I thought, “It’s a spam email,” and I was about to delete it but then I recognized his name. I opened it up and he basically said, “I want to reach out to you just to say thank you for all your help, guidance and advice you’ve given me in the few years back. It’s been absolutely invaluable.” That’s literally “right from his email.” One thing led to another and I wanted to get him on the show here to share his experience and a little bit about him and how he got started and why he chose the path he chose and how he built his portfolio. Everybody’s got advice and some wisdom and knowledge and I figured it would be invaluable for a lot of people to learn from him.

His name is Anton Ivanov. He is a real estate investor and an entrepreneur. He has built a 35-unit rental portfolio that’s spread out across four states. He lives in California, so these are not in California. He’s also the founder of an incredible app called DealCheck. It is dubbed the leading real estate analysis software and it is used by over 28,000 investors and agents to quickly analyze and compare investment properties. I actually was part of that beta test when he was developing it and it is excellent. I really enjoy using it and it’s outstanding. If you live off of an iPhone or a smart device, I really suggest putting that on your device because it’s useful. With that, I want to welcome Anton to the show.

If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Ken McElroy on The Economy, Home Ownership, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2 | PREI 096

Jan 22, 2018 24:58

Description:

  Cash flow can be generated in real estate with no tax, making it the best kind of investment. By looking at the potential of the property in ten years, improvements can be made to increase cash flow, cap rate, income and rate of return for investors. Ken McElroy, author of The ABCs Of Real Estate Investment, has always had a soft spot for home ownership. When people build homes, this equates to mortgage interest because the owners build equity on that home. Ken McElroy shares tips on getting your financial settings in real estate on track and staying on that course by simply starting small and in a neighborhood that you know. --- This is Part 2 of my interview with Ken McElroy, Rich Dad Advisor. He’s a great guy, smart, full of wisdom, extremely successful. If you haven’t listened to the first episode with me and Ken, just listen to that episode. It’s number 95. We’re going to continue with Part 2 of my interview with Ken McElroy. If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 1. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2 You and I both look at job growth and population growth at a macro level when it comes to analyzing markets. Obviously, you probably do the same thing I do. I look at neighborhoods after that. That’s my next step. Regarding neighborhoods, do you have a neighborhood preference? Did you have to modify the types of neighborhoods that you’re looking at in order to find deals because of the cap rate compression and lowered inventories? I take a little bit of a different view on this. What happens a lot of times with real estate investors is that they tend to go look for really good deals with low down payments. That’s not a bad thing. Usually, that’s on the outside of town. They’re trying to minimize their down payment. I completely understand that, but I do the opposite. I’m trying to find rental demand in affluent areas, so I’m going to be paying more. For the most part, we like to stick to B, B+ type neighborhoods, maybe A- at least the way we categorize them. I see so many investors making the mistake, in my opinion, of investing in C and D type neighborhoods where we’re looking at $40,000, $50,000, maybe $60,000 properties. Call it per door, per unit, however you want to look at it. If it’s an apartment building, you’d still say it’s a $40,000 apartment. The challenge there, in my opinion, is you’re dealing with a tenant class and a demographic that is far more challenging. By putting less down in order to “save money” on your down payment is actually a huge mistake because you’re buying yourself headaches down the road. Is that how you feel about this? What I found is that while you might pay less, you’re going to have a lot more management problems. Honestly, not always. I’m a big fan of low-income housing. I think it’s needed and it’s necessary and it could be managed really, really well. I always try to say to people, “You can never manage your way out of a bad neighborhood. It just is never going to happen.” I met with the mayor of Phoenix and they had ten properties that they had targeted as bad landlords. I went and looked at them because I said, “Let me go take a look at them. Maybe we can buy them all and turn them all around and do some cash.” They have what’s called a private-public partnership opportunity. We went and looked at them and I got to tell you, Marco, I wouldn’t touch them.

Ken McElroy on The Economy, Home Ownership, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 2 | PREI 096

Jan 22, 2018 24:58

Description:

Cash flow can be generated in real estate with no tax, making it the best kind of investment. By looking at the potential of the property in ten years, improvements can be made to increase cash flow, cap rate, income and rate of return for investors. Ken McElroy, author of The ABCs Of Real Estate Investment, has always had a soft spot for home ownership. When people build homes, this equates to mortgage interest because the owners build equity on that home. Ken McElroy shares tips on getting your financial settings in real estate on track and staying on that course by simply starting small and in a neighborhood that you know.

This is Part 2 of my interview with Ken McElroy, Rich Dad Advisor. He’s a great guy, smart, full of wisdom, extremely successful. If you haven’t listened to the first episode with me and Ken, just listen to that episode. It’s number 95. We’re going to continue with Part 2 of my interview with Ken McElroy.

If you missed our last episode, be sure to listen to Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals Part 1.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals | PREI 095

Jan 15, 2018 24:58

Description:

  Americans can now retain both low income housing tax credit and private activity bonds with the new tax reform in act. This is a need that the government recognized so they created this tax break. Author of The ABCs Of Real Estate Investment, Ken McElroy deals with rental business but is a big fan of home ownership. While he understands why most investors look for good deals with low down payment, he does the complete opposite by finding rental demands in affluent areas because it will lead to less property management problems. Learn more on how you can start getting on track with you financial setting and how to stay on the course. --- This episode is very exciting because I have a very special guest. A lot of you may know him. If you don’t, you’re going to get to know him. Ken McElroy is an extremely successful individual and one of Robert Kiyosaki’s Rich Dad Advisors. We had a great interview, chock-full of nuggets and wisdom. I just want to take a moment to thank everybody for the success the show has had over the last two and a half years. We have over 500 five-star reviews on iTunes US. Every country has its own iTunes store, so it has its own review and rating system. This is just the US. In speaking of other countries, we are also heard in over 125 countries. Thank you to everybody from as far as Israel, Australia, the UK, Portugal, France, you name it. It’s because of you that the show is a success. The reason I do it is to help share information, wisdom and knowledge with you. Once again, I just want to say that we had an incredible 2017. It was our busiest year ever. We’re on track to make 2018 the same. We love helping real estate investors, people who are real estate investors or want to be real estate investors. If you’re one of those people that have been listening for a while, sitting on the fence, you’ve got some investable capital and you know you need to make a decision on your financial future, let us help you take it to the next level or let us help you get started. That’s what we’re here to do. Just schedule a free strategy session with one of our investment counselors. Have that initial 30 or 60-minute conversation to figure out where you are today, where you want to go, what is the plan and the path to get you there. We can take that roadmap and help you take it one step at a time to achieve those financial goals. It really just comes down to having a plan, executing that plan, and having a criteria that’s attached to it. It’s not that hard to do and we want to help you do it. In fact, I’m probably going to record a podcast episode about that topic. I will try to do that here in the very near future. Last but not least, I’ve been very busy looking at underwriting some syndication deals as well. I’ve looked at a number of them last year. Unfortunately, they just didn’t meet my criteria and my underwriting basically just punted it out the door. One of them took over three months to underwrite. What we have on the table right now for people who are either accredited or are not accredited but have a smaller amount of investment capital, I’m looking to put together syndicated or group investments of ten-pack or twenty-pack single-family homes. That’s something that I have started working on. However, I’m probably not going to release or announce that for a month or two. Two opportunities I’m working on actively right now and that actually is open to accredited investors are cannabis-related investments. Believe it or not, real estate does play into some of those opportunities. You would have to just reach out to me directly for that information and I would need to connect with you via email and/or phone before I can send you that information. If you missed our last episode, be sure to listen to Exploring New Markets. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing.

Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals | PREI 095

Jan 15, 2018 24:58

Description:

Americans can now retain both low income housing tax credit and private activity bonds with the new tax reform in act. This is a need that the government recognized so they created this tax break. Author of The ABCs Of Real Estate Investment, Ken McElroy deals with rental business but is a big fan of home ownership. While he understands why most investors look for good deals with low down payment, he does the complete opposite by finding rental demands in affluent areas because it will lead to less property management problems. Learn more on how you can start getting on track with you financial setting and how to stay on the course.

This episode is very exciting because I have a very special guest. A lot of you may know him. If you don’t, you’re going to get to know him. Ken McElroy is an extremely successful individual and one of Robert Kiyosaki’s Rich Dad Advisors. We had a great interview, chock-full of nuggets and wisdom. I just want to take a moment to thank everybody for the success the show has had over the last two and a half years. We have over 500 five-star reviews on iTunes US. Every country has its own iTunes store, so it has its own review and rating system. This is just the US. In speaking of other countries, we are also heard in over 125 countries. Thank you to everybody from as far as Israel, Australia, the UK, Portugal, France, you name it. It’s because of you that the show is a success. The reason I do it is to help share information, wisdom and knowledge with you.

Once again, I just want to say that we had an incredible 2017. It was our busiest year ever. We’re on track to make 2018 the same. We love helping real estate investors, people who are real estate investors or want to be real estate investors. If you’re one of those people that have been listening for a while, sitting on the fence, you’ve got some investable capital and you know you need to make a decision on your financial future, let us help you take it to the next level or let us help you get started. That’s what we’re here to do. Just schedule a free strategy session with one of our investment counselors. Have that initial 30 or 60-minute conversation to figure out where you are today, where you want to go, what is the plan and the path to get you there. We can take that roadmap and help you take it one step at a time to achieve those financial goals. It really just comes down to having a plan, executing that plan, and having a criteria that’s attached to it. It’s not that hard to do and we want to help you do it. In fact, I’m probably going to record a podcast episode about that topic. I will try to do that here in the very near future.

Last but not least, I’ve been very busy looking at underwriting some syndication deals as well. I’ve looked at a number of them last year. Unfortunately, they just didn’t meet my criteria and my underwriting basically just punted it out the door. One of them took over three months to underwrite. What we have on the table right now for people who are either accredited or are not accredited but have a smaller amount of investment capital, I’m looking to put together syndicated or group investments of ten-pack or twenty-pack single-family homes. That’s something that I have started working on. However, I’m probably not going to release or announce that for a month or two. Two opportunities I’m working on actively right now and that actually is open to accredited investors are cannabis-related investments. Believe it or not, real estate does play into some of those opportunities. You would have to just reach out to me directly for that information and I would need to connect with you via email and/or phone before I can send you that information.

If you missed our last episode, be sure to listen to Exploring New Markets.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Exploring New Markets – My Interview on The Real Estate CPA Podcast | PREI 094

Nov 14, 2017 30:27

Description:

  I'm going to do something a little bit different today. Recently, I was invited to be a guest on The Real Estate CPA show, which is hosted by Brandon Hall. If you recall, Brandon was a guest of mine on episode 90. That episode was titled Sheltering Your Rental Income from Taxes (and Other Tax Tips). Brandon is a sharp guy, a great investor, and CPA. He focuses on creative tax strategies but he’s really dialed into the whole tax scene and how to reduce your taxes as an investor. He invited me on his show and we had a great conversation about a lot of different things. Some of it is great review for investors and other questions that he had was great for virtually any investor listening in. I wanted to share that episode with you. I did get Brandon’s permission to re-air if you will that episode on my show. We talked about things like the biggest real estate investing myth, what drives different markets, and the market differences, how to choose a market. We talked about investing locally versus long distance, the macroeconomic factors in selecting a market and there are four of them. Those are good to know. The three kinds of markets at a spectrum, there are three categorizations for that. Different types of neighborhoods, what is an A, B, and C classification for a neighborhood. This is really what I tell people when I'm doing a live presentation. It’s some good material and a few other things. It’s a great interview and I wanted to share that with you. Without any further delay, I'm going to let that roll. Hopefully, you enjoy it and we will see you again next week. If you missed our last episode, be sure to listen to Investing in Houston, Texas (and Hurricane Harvey). Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Exploring New Markets - My Interview on The Real Estate CPA Podcast   Today, we’re going to do something a little bit different. I’ve got a guest that’s going to be joining me on the show today. His name is Marco Santarelli. He is the owner of Norada Real Estate Investments. It’s a turnkey real estate investment provider. He’s got some really cool things to say. We’re going to be exploring how do you pick investment markets, what investment markets he is currently in, and how do you go about picking the actual neighborhood that you want to invest in. Before we touch on that, a couple quick things: One, pay attention to the newsletter especially as these tax plans start coming out in the house in the senate. We’re going to be keeping everybody up to date with our newsletter. We’re analyzing the tax changes and how they might be affecting real estate investors, so just pay attention to that. The second quick announcement is that we’ve got two webinars coming up in November, one for clients and one for non-clients. It’s just going to be a walkthrough of the tax plans that have been proposed by Congress and how they're actually going to be affecting real estate investors as a whole. If you like the show, please leave us a rating on iTunes. We would love to hear from you. I'm super appreciative of everybody that has already left us ratings to date. Today, our guest is Marco Santarelli. Marco is an investor, author and the founder of Norada Real Estate Investments and nationwide provider of turnkey cashflow rental properties. Since 2004, they’ve helped over 1,000 real estate investors create wealth in passive income through real estate. He’s also the host of the Passive Real Estate Investing podcast. Marco, how are you doing? I'm doing good, Brandon. I'm glad to be here. Thanks for joining us. Tell us a little bit about yourself.

Exploring New Markets – My Interview on The Real Estate CPA Podcast | PREI 094

Nov 13, 2017 30:28

Description:

I’m going to do something a little bit different today. Recently, I was invited to be a guest on The Real Estate CPA show, which is hosted by Brandon Hall. If you recall, Brandon was a guest of mine on episode 90. That episode was titled Sheltering Your Rental Income from Taxes (and Other Tax Tips). Brandon is a sharp guy, a great investor, and CPA. He focuses on creative tax strategies but he’s really dialed into the whole tax scene and how to reduce your taxes as an investor. He invited me on his show and we had a great conversation about a lot of different things. Some of it is great review for investors and other questions that he had was great for virtually any investor listening in. I wanted to share that episode with you. I did get Brandon’s permission to re-air if you will that episode on my show. We talked about things like the biggest real estate investing myth, what drives different markets, and the market differences, how to choose a market. We talked about investing locally versus long distance, the macroeconomic factors in selecting a market and there are four of them. Those are good to know. The three kinds of markets at a spectrum, there are three categorizations for that. Different types of neighborhoods, what is an A, B, and C classification for a neighborhood. This is really what I tell people when I’m doing a live presentation. It’s some good material and a few other things. It’s a great interview and I wanted to share that with you. Without any further delay, I’m going to let that roll. Hopefully, you enjoy it and we will see you again next week.

If you missed our last episode, be sure to listen to Investing in Houston, Texas (and Hurricane Harvey).

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Investing in Houston, Texas (and Hurricane Harvey) | PREI 093

Nov 6, 2017 35:15

Description:

  Welcome back to another episode where we’re going to talk about the Houston, Texas market. One thing that we’ve been getting asked a little bit about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the Caribbean and beat up some of the islands down there and hit the coast pretty hard. However, the good news is that there was no bad news. We haven’t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That’s a good thing. There’s really one key reason why that was, and we’re going to talk about that today with my guest, Bryan. Houston is an interesting city. We’ve been there for many, many years. We’ve had a lot of happy clients and success there because it’s such an incredibly diverse and progressive city. It’s the nation’s fourth largest city, growing fast. It’s known as the city of infinite possibilities. It’s quickly approaching six million residents, that’s more than 32 states and it just continues to grow. Strong jobs, strong population growth, a friendly business climate, lots of cheap land to build on, it’s just a great market. Coupled with all that, we have a lot of what we refer to as STEM jobs. STEM meaning science, technology, engineering and math. When you have jobs in the STEM field, what you have are high paying jobs. Roughly 6% of employment in Houston is held by STEM job holders. That adds to equality rental pool, that just means more stable tenants. Houston is drawing businesses in from everywhere as well as new residents. These are not only people who are looking to buy and live there, but also people who are tenants. That’s good for you and I as landlords. That’s what we’re going to talk about today. If you missed our last episode, be sure to listen to Passive Income with Syndications – Mauricio Rauld. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Investing in Houston, Texas (and Hurricane Harvey) It’s my pleasure to welcome Bryan to the show. Bryan is one of our team members and boots on the ground in the Houston, Texas market. We’ve been working with them for many, many years and have had tremendous success. Bryan, welcome to the show. Thanks, Marco. It’s a great pleasure to be here. The reason I wanted to bring you on, Bryan, is because of the recent hurricane in the Houston market. Actually, it hit a major coast line but that was Hurricane Harvey. I know we were talking off air about this briefly, but you had some really interesting things to say about it. I call it the elephant in the room, and to me, it’s just a big question. We’ve had a number of clients ask us this question. I will say that as far as I know, none of our clients who have invested in the Houston market have had any problems or reported problems of after effects from Hurricane Harvey, which is fantastic news. Let me throw it over to you and ask this question. How are things in Houston after Hurricane Harvey? Marco, I think we’re doing very well. I think one of the things you will learn about, and people should know about Houston, is how resilient this whole market is. We manage a large number of rental properties. We manage 750 rental properties. Out of those properties, we only had fifteen that sustained any flood damage, so that’s 2%. Perhaps we were lucky but I think we really go out of our way not to acquire properties or build properties on land that is subject to flooding. There are some great tools that are available that we utilize all the time to ensure that we don’t buy properties or land that’s in any kind of 100 or 500 area flood zone.

Investing in Houston, Texas (and Hurricane Harvey) | PREI 093

Nov 6, 2017 35:16

Description:

Welcome back to another episode where we’re going to talk about the Houston, Texas market. One thing that we’ve been getting asked a little bit about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the Caribbean and beat up some of the islands down there and hit the coast pretty hard. However, the good news is that there was no bad news. We haven’t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That’s a good thing. There’s really one key reason why that was, and we’re going to talk about that today with my guest, Bryan.

Houston is an interesting city. We’ve been there for many, many years. We’ve had a lot of happy clients and success there because it’s such an incredibly diverse and progressive city. It’s the nation’s fourth largest city, growing fast. It’s known as the city of infinite possibilities. It’s quickly approaching six million residents, that’s more than 32 states and it just continues to grow. Strong jobs, strong population growth, a friendly business climate, lots of cheap land to build on, it’s just a great market. Coupled with all that, we have a lot of what we refer to as STEM jobs. STEM meaning science, technology, engineering and math. When you have jobs in the STEM field, what you have are high paying jobs. Roughly 6% of employment in Houston is held by STEM job holders. That adds to equality rental pool, that just means more stable tenants. Houston is drawing businesses in from everywhere as well as new residents. These are not only people who are looking to buy and live there, but also people who are tenants. That’s good for you and I as landlords. That’s what we’re going to talk about today.

If you missed our last episode, be sure to listen to Passive Income with Syndications – Mauricio Rauld.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Passive Income with Syndications – Mauricio Rauld | PREI 092

Oct 24, 2017 30:40

Description:

  Robert Kiyosaki once said, “Finding good partners is the key to success in anything: in business, in marriage and especially in investing.” On this show, we talk a lot about passive income and passive investments and how to create wealth through those vehicles, especially real estate. What about partnerships or syndications? Today, I want to explore the world of investment partnerships, they're also known as syndications, and how you can potentially participate and profit from them as well. What is a syndication? In its simplest form, a syndication is just a pooling of investor money where the investor is typically a passive limited partner. The other partner to the deal is really a general partner or an active partner. That’s the person that puts the deal together. They manage the business plan. They provide the return and the benefits to all investors. You'll hear general partner or GP often. They're also referred to as the syndicate or the sponsor. These terms are used interchangeably. At the end of the day, a syndication is nothing but a group investment. It’s a pooling of investment capital to put into an investment opportunity that is managed by a syndicator. We have an amazing guest on today’s show, someone who I'm getting know quite well. In fact I'm meeting him for lunch here in a couple of weeks. We had a great opportunity to get to know each other recently. His name is Mauricio Rauld. If you missed our last episode, be sure to listen to Deferring Taxes for Decades (and the Dangers of 1031 Exchanges). Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Passive Income with Syndications – Mauricio Rauld It’s my pleasure to welcome Mauricio Rauld to the show. Mauricio is the Founder and CEO of Premier Law Group, a boutique securities law firm. He’s a licensed attorney with over seventeen years of experience. His expertise is in private placements. He has helped clients raise well over $100 million in capital. He frequently shares the stage at conferences with world-renowned authorities such as Robert Kiyosaki, Ken McElroy, Tom Hopkins, Simon Black and economist, Peter Schiff. Mauricio, welcome to the show. Thanks for having me, Marco. I appreciate it. It’s great to have you on. I had the privilege of finally meeting you at a video recording studio in Phoenix where you and I are part of a curriculum for an upcoming Wealth Training Program along with some big names like Ken McElroy and Tom Wheelwright among several other high-profile names. Honestly, I felt like a small fish in a big pond there. It was my opportunity to just actually get to know you and invite you on the show because I know you're a wealth of information. I appreciate that. That makes the two of us being a small fish in a big pond. Our good friends have some pretty impressive names and it was just a pleasure to be among those. It was great just to share some time at the backstage and we had a chance to chit-chat and get to know each other. That was really good. It was really great. I'm actually looking forward to get to know you better and actually doing some work with you. Let’s start off with a little bit about you. Why don’t you tell us how you got into the world of real estate syndication? I've been doing this for a while. After I graduated from law school, I did basically what every lawyer dreams of doing, which is I went to work for a fairly large law firm down in Southern California. I did a lot of securities work back then, but it was really litigation. I was doing all the court cases, depositions, trials, motions, all that fun stuff. Anytime somebody got into trouble,

Passive Income with Syndications – Mauricio Rauld | PREI 092

Oct 23, 2017 30:41

Description:

Robert Kiyosaki once said, “Finding good partners is the key to success in anything: in business, in marriage and especially in investing.” On this show, we talk a lot about passive income and passive investments and how to create wealth through those vehicles, especially real estate. What about partnerships or syndications?

Today, I want to explore the world of investment partnerships, they’re also known as syndications, and how you can potentially participate and profit from them as well. What is a syndication? In its simplest form, a syndication is just a pooling of investor money where the investor is typically a passive limited partner. The other partner to the deal is really a general partner or an active partner. That’s the person that puts the deal together. They manage the business plan. They provide the return and the benefits to all investors. You’ll hear general partner or GP often. They’re also referred to as the syndicate or the sponsor. These terms are used interchangeably. At the end of the day, a syndication is nothing but a group investment. It’s a pooling of investment capital to put into an investment opportunity that is managed by a syndicator.

We have an amazing guest on today’s show, someone who I’m getting know quite well. In fact I’m meeting him for lunch here in a couple of weeks. We had a great opportunity to get to know each other recently. His name is Mauricio Rauld.

If you missed our last episode, be sure to listen to Deferring Taxes for Decades (and the Dangers of 1031 Exchanges).

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Deferring Taxes for Decades (and the Dangers of 1031 Exchanges) | PREI 091

Oct 16, 2017 48:45

Description:

  I just got back from Memphis, Tennessee where I had a great three days there. We had a two-day event. The first day was all about education, getting to know new things about things related to real estate and real estate investing and taxes and whatnot. Then we had a great networking event that evening where I got the opportunity to meet a lot of investors from all around. In fact, we had one person there from Australia, we had a couple there from Hawaii, and it was fun. These people are there to learn and they're people who listen to this podcast and it was just a lot of fun to meet people who listen to and from their drive to work. It's great to put faces and names to people who are out there listening and educating themselves, learning to better their financial future and create financial freedom for themselves. That first day was all about education, the evening was all networking. We got to sit around and have something to eat and have a few drinks and just overlook the Mississippi River. It was just a great time. The second day was all about a property tour. We got to go around the Memphis market, learn about various neighborhoods, get to see properties at different stages of the game; some being pre-renovation, some of them being in the middle of renovation, some of them having completed renovation. It was an exciting event. Then we had some more networking after that. It was great two and a half days of mingling and meeting other real estate investors. One of the things we got talking about there was taxes and taxation and whatnot. The question comes up, “Why do people hate paying taxes?” One reason is because they just simply don’t understand them. Albert Einstein said, "The hardest thing in the world to understand is the income tax." Aside from that, we just simply don’t like to pay any more than we have to. Some people feel that there is an obligation to pay, but at the same time I think you have an obligation to learn how to reduce, minimize or even eliminate the taxes that you pay when the opportunity is there. The thing is you may not know what opportunities exist because it's just a simple matter of honest ignorance. I always say that ignorance is expensive, but knowledge leads to increased wealth and the ability to lower your taxes. If you don't, you would think that your tax adviser would be well-educated on this stuff, but that's just simply not the case as you're going to learn today with my guest Bruce Jones. I had a great interview with Bruce. Something that he's going to share a few things actually are things that I've looked at in the past but never quite completely grasped because it's just what most financial planners and advisers don't really know or understand. This is a great episode and there’s some stuff that we're going to talk about today that might go over your head. Don't let that get you lost just because we're getting deep in the weeds. You could always go back and listen to this episode over again, or better yet, you can just contact Bruce and his team and learn more about it. It's just free education. If you missed our last episode, be sure to listen to Sheltering Your Rental Income from Taxes. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Deferring Taxes for Decades (and the Dangers of 1031 Exchanges) It's my pleasure to bring Bruce Jones onto the show. Bruce is the President of Tax Wealth, a tax analysis and solutions research company which for 23 years has served owners of real estate and privately-held businesses. Bruce himself entered the financial services industry in 1970 and has taught the subjects of Tax Manageme...

Deferring Taxes for Decades (and the Dangers of 1031 Exchanges) | PREI 091

Oct 16, 2017 48:46

Description:

I just got back from Memphis, Tennessee where I had a great three days there. We had a two-day event. The first day was all about education, getting to know new things about things related to real estate and real estate investing and taxes and whatnot. Then we had a great networking event that evening where I got the opportunity to meet a lot of investors from all around. In fact, we had one person there from Australia, we had a couple there from Hawaii, and it was fun. These people are there to learn and they’re people who listen to this podcast and it was just a lot of fun to meet people who listen to and from their drive to work. It’s great to put faces and names to people who are out there listening and educating themselves, learning to better their financial future and create financial freedom for themselves. That first day was all about education, the evening was all networking. We got to sit around and have something to eat and have a few drinks and just overlook the Mississippi River. It was just a great time.

The second day was all about a property tour. We got to go around the Memphis market, learn about various neighborhoods, get to see properties at different stages of the game; some being pre-renovation, some of them being in the middle of renovation, some of them having completed renovation. It was an exciting event. Then we had some more networking after that. It was great two and a half days of mingling and meeting other real estate investors.

One of the things we got talking about there was taxes and taxation and whatnot. The question comes up, “Why do people hate paying taxes?” One reason is because they just simply don’t understand them. Albert Einstein said, “The hardest thing in the world to understand is the income tax.” Aside from that, we just simply don’t like to pay any more than we have to. Some people feel that there is an obligation to pay, but at the same time I think you have an obligation to learn how to reduce, minimize or even eliminate the taxes that you pay when the opportunity is there. The thing is you may not know what opportunities exist because it’s just a simple matter of honest ignorance. I always say that ignorance is expensive, but knowledge leads to increased wealth and the ability to lower your taxes. If you don’t, you would think that your tax adviser would be well-educated on this stuff, but that’s just simply not the case as you’re going to learn today with my guest Bruce Jones.

I had a great interview with Bruce. Something that he’s going to share a few things actually are things that I’ve looked at in the past but never quite completely grasped because it’s just what most financial planners and advisers don’t really know or understand. This is a great episode and there’s some stuff that we’re going to talk about today that might go over your head. Don’t let that get you lost just because we’re getting deep in the weeds. You could always go back and listen to this episode over again, or better yet, you can just contact Bruce and his team and learn more about it. It’s just free education.

If you missed our last episode, be sure to listen to Sheltering Your Rental Income from Taxes.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Sheltering Your Rental Income from Taxes (and Other Tax Tips) | PREI 090

Sep 30, 2017 47:36

Description:

  Before we get on our show here, I want to remind you about our upcoming Memphis Investment and Property Tour that will be on October 6th and October 7th. It’s a Friday, Saturday. This is a great event. If you can make it, get in touch with our investment counselors here. We are offering free tickets, the tickets are normally $450, and we would love to see you and maybe your spouse down there or your business partner. What we are doing is hosting a unique event in Memphis, Tennessee. It will be a weekend of property tours, speakers and networking mixed with a little Memphis culture. Not only will you see great investment properties but the first full day is where we’re bringing together speakers from all over to address various aspects of today’s real estate investing. That’s going to be a breadth of information and topics. We would love to have you down there and see what we have going on in that great market. Again, this is October 6th and 7th. You can come in as early as Thursday, October 5th. I'm not sure if we have an event on Thursday but we definitely have an event going on on Friday evening. It’s a dinner and a networking mixer. Saturday is open-ended on Saturday evening so we can do whatever we want to do unless you want to fly out that night, but I think a lot of people are going to fly out on Sunday. Contact our office or send us an email through our website at NoradaRealEstate.com and we’ll tell you more about it. Today’s episode is about sheltering your rental income from taxes and maybe some other tax tips. When it comes to taxes, I pay my taxes, it’s not my favorite thing to do, but it’s something we just all have to come to grips with. Paying taxes just seems to be part of the American life now and ever since the Income Tax Act of 1913, there’s really no way around it. There’s a lot of code in the tax code. Unfortunately, you have to pay your taxes for any types of income you make. Fortunately, the US Tax Code has many, many rules that allow rental property owners to reduce their taxes and save money. If you own property, it’s a huge part of your tax strategy because it is the most tax-favored investment that you can get your hands on, that you can put your investment capital into, and the IRS rewards this type of behavior. If you don’t have property, you really should have some because the tax benefits are fantastic. I'm not a tax professional or a CPA but I do know many people who are tax advisors and specialists in that area and the fact that they are in the niche, that they deal with real estate investors, that really helps in helping educate you through this podcast, through articles as well as clients because we can put you in touch with them to minimize your tax impact or defer that taxable impact or in some cases, even eliminate completely and forever the tax impact of your income. Our show today is about sheltering and reducing your rental income from taxes. I have a great guest on who is a very, very sharp individual, so just stay tuned. If you missed our last episode, be sure to listen to Investing in Memphis and Our Upcoming Property Tour Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Sheltering Your Rental Income from Taxes (and Other Tax Tips) It’s my pleasure to welcome Brandon Hall to the show. Brandon is the owner of The Real Estate CPA. He’s a real estate investor and CPA specializing and providing business advice and creative tax strategies for real estate investors. Brandon’s experience in the Big Four accounting firm and his personal investing experience allow him to provide unique advice to each of his clients.

Sheltering Your Rental Income from Taxes (and Other Tax Tips) | PREI 090

Sep 29, 2017 47:36

Description:

Before we get on our show here, I want to remind you about our upcoming Memphis Investment and Property Tour that will be on October 6th and October 7th. It’s a Friday, Saturday. This is a great event. If you can make it, get in touch with our investment counselors here. We are offering free tickets, the tickets are normally $450, and we would love to see you and maybe your spouse down there or your business partner. What we are doing is hosting a unique event in Memphis, Tennessee. It will be a weekend of property tours, speakers and networking mixed with a little Memphis culture. Not only will you see great investment properties but the first full day is where we’re bringing together speakers from all over to address various aspects of today’s real estate investing. That’s going to be a breadth of information and topics. We would love to have you down there and see what we have going on in that great market. Again, this is October 6th and 7th. You can come in as early as Thursday, October 5th. I’m not sure if we have an event on Thursday but we definitely have an event going on on Friday evening. It’s a dinner and a networking mixer. Saturday is open-ended on Saturday evening so we can do whatever we want to do unless you want to fly out that night, but I think a lot of people are going to fly out on Sunday. Contact our office or send us an email through our website at NoradaRealEstate.com and we’ll tell you more about it.

Today’s episode is about sheltering your rental income from taxes and maybe some other tax tips. When it comes to taxes, I pay my taxes, it’s not my favorite thing to do, but it’s something we just all have to come to grips with. Paying taxes just seems to be part of the American life now and ever since the Income Tax Act of 1913, there’s really no way around it. There’s a lot of code in the tax code. Unfortunately, you have to pay your taxes for any types of income you make. Fortunately, the US Tax Code has many, many rules that allow rental property owners to reduce their taxes and save money. If you own property, it’s a huge part of your tax strategy because it is the most tax-favored investment that you can get your hands on, that you can put your investment capital into, and the IRS rewards this type of behavior. If you don’t have property, you really should have some because the tax benefits are fantastic.

I’m not a tax professional or a CPA but I do know many people who are tax advisors and specialists in that area and the fact that they are in the niche, that they deal with real estate investors, that really helps in helping educate you through this podcast, through articles as well as clients because we can put you in touch with them to minimize your tax impact or defer that taxable impact or in some cases, even eliminate completely and forever the tax impact of your income. Our show today is about sheltering and reducing your rental income from taxes. I have a great guest on who is a very, very sharp individual, so just stay tuned.

If you missed our last episode, be sure to listen to >Investing in Memphis and Our Upcoming Property Tour

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Investing in Memphis and Our Upcoming Property Tour | PREI 089

Sep 16, 2017 19:35

Description:

  I want to just say thanks for your patience. I've been away for about eight weeks. I haven’t done an episode in almost two months. The reason for that is because I've been traveling extensively here for actually the whole year but mostly throughout the summer. I spent about two and a half weeks traveling through Italy and up to Paris. That was a family vacation. The rest has been all business related. I've been traveling everywhere from Kansas City to Dallas to China. I actually just got back from Shanghai, which was just an amazing trip. I might talk a little bit more about that in my next episode because it’s quite fascinating what is going on in terms of investment capital and foreign investment in the US. Aside from that, I plan to get back on a weekly recording schedule here as best as I can. I still have a lot of travel coming up here over the course of this month and the rest of the year. I'll do my best to continue to deliver content and bring on some great guests. In the meantime, I want to announce something that we haven’t done for a long, long time and we rarely do, and that is a combination of an educational seminar/property tour where you can actually just kick the dirt and walk around and see various properties in a market at different stages of development; from acquisition to demolition to renovation through to completion, so you can see everything that gets done, who’s doing it and how it gets done. That’s combined with some amazing speakers, everything from finance to 1031s and whatnot. That’s all packed in about a day and a half. It won't be a long drawn out four-day event. It will be short, sweet, you come in on one day, you have a day and a half of networking and education and property visiting. Then you could leave in the second half of that day or the following day. That’s what this episode is about. It’s investing in Memphis, Tennessee and some information about our upcoming property tour. I have a great guest. He’s one of our team members out in the local market. He knows the market very well. Memphis has been a great market for us. It always has been. It’s a perennial market. It’s very strong. The real estate market there in Memphis continues to grow. It has been what I call a perennial cashflow market. You don’t see wild fluctuations and appreciation. They're strong, steady, stable rates of return in cashflow. If that’s what you're looking for, it’s a perfect market because it’s got everything you could possibly want aside from hypergrowth in terms of price appreciation. We don’t have an inflated market but we do have what a lot of investors want, and that is solid, steady, consistent income and rates of return. We're going to dive into that and bring on James, our partner here. Stay tuned. If you missed our last episode, be sure to listen to Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash? Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Investing in Memphis and Our Upcoming Property Tour It’s my pleasure to welcome James to the show. James is one of our team members in Memphis, one of our perennial markets. We've been there for a long time. We do a lot of business with James and his team. I wanted to bring him on the show today to talk about the Memphis market, why it’s such a great market and has been for a long time in terms of investing. On top of that, we have an upcoming investment and property tour coming up. James, welcome to the show. Marco, thank you so much for having me. It’s great to have you on. I know we do a lot of stuff with you. All our investment counselors love working with you and...

Investing in Memphis and Our Upcoming Property Tour | PREI 089

Sep 15, 2017 19:36

Description:

I want to just say thanks for your patience. I've been away for about eight weeks. I haven't done an episode in almost two months. The reason for that is because I've been traveling extensively here for actually the whole year but mostly throughout the summer. I spent about two and a half weeks traveling through Italy and up to Paris. That was a family vacation. The rest has been all business related. I've been traveling everywhere from Kansas City to Dallas to China. I actually just got back from Shanghai, which was just an amazing trip. I might talk a little bit more about that in my next episode because it's quite fascinating what is going on in terms of investment capital and foreign investment in the US. Aside from that, I plan to get back on a weekly recording schedule here as best as I can. I still have a lot of travel coming up here over the course of this month and the rest of the year. I'll do my best to continue to deliver content and bring on some great guests.

In the meantime, I want to announce something that we haven’t done for a long, long time and we rarely do, and that is a combination of an educational seminar/property tour where you can actually just kick the dirt and walk around and see various properties in a market at different stages of development; from acquisition to demolition to renovation through to completion, so you can see everything that gets done, who’s doing it and how it gets done. That’s combined with some amazing speakers, everything from finance to 1031s and whatnot. That’s all packed in about a day and a half. It won’t be a long drawn out four-day event. It will be short, sweet, you come in on one day, you have a day and a half of networking and education and property visiting. Then you could leave in the second half of that day or the following day. That’s what this episode is about. It’s investing in Memphis, Tennessee and some information about our upcoming property tour.

I have a great guest. He’s one of our team members out in the local market. He knows the market very well. Memphis has been a great market for us. It always has been. It’s a perennial market. It’s very strong. The real estate market there in Memphis continues to grow. It has been what I call a perennial cashflow market. You don’t see wild fluctuations and appreciation. They’re strong, steady, stable rates of return in cashflow. If that’s what you’re looking for, it’s a perfect market because it’s got everything you could possibly want aside from hypergrowth in terms of price appreciation. We don’t have an inflated market but we do have what a lot of investors want, and that is solid, steady, consistent income and rates of return.

We're going to dive into that and bring on James, our partner here. Stay tuned.

If you missed our last episode, be sure to listen to >Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash? | PREI 088; (Edit)">Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash?

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Daniel Amerman – Inflation, Deflation, Debt and the Coming Housing Crash? | PREI 088

Jul 16, 2017 46:56

Description:

Vladimir Lenin once said the way to crush the middle class is to grind them between the millstones of taxation and inflation. It’s true, and it’s happening.

Inflation and Real Estate Investors

Financial industry insiders talk about monetary policy issued by central banks, exchange rate policies, and inflation rates, most of which are not fully understood – and are completely ignored – by the general public. What you need to know is that the odds are stacked against real estate investors in a more comprehensive and complicated way than most people are aware.

The Advantages of Understanding Inflation Theory

The good news is that, when you’re armed with this knowledge, you gain the ability to not only protect yourself from cost-push inflation and demand-pull inflation, but to also find new sources of wealth in unexpected places. The real return associated with these sometimes counterintuitive sources of wealth can be substantial because they work with the underlying flow of wealth rather than against it, notwithstanding the current monetary policy in place.

How Inflation Rates Affect Real Estate Investors

If you don’t understand inflation theory, stay tuned, because our guest today is going to dive into this with me. It’s something that will be an eye-opener for you and possibly even a paradigm shift. I strongly believe that understanding the three forces of asset deflation, monetary inflation, and taxes for inflation will be the single, most important thing you can do to protect and improve your standard of living over the long-term, whether there is price stability or not. I believe these forces will be the primary determinants of real financial success for investors in the decades ahead and that those who fail to understand these forces of economy will be a great risk in the future.

Join me on this amazing interview with one of the smartest guys I know on the subject. It’s an episode you’ll want to listen more than once, so don’t go away.

 

If you missed our last episode, be sure to listen to Millionaire Success Habits: The Gateway to Wealth & Prosperity – Dean Graziosi.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Millionaire Success Habits: The Gateway to Wealth and Prosperity – Dean Graziosi | PREI 087

Jun 30, 2017 43:16

Description:

The success habits of millionaires set them apart from everyone else. This is not to say that they are born with these habits, but they have perfected them. Learning them can also give you the success they worked hard for. Want to find out what millionaires do differently, and how their success habits have made them who they are today? Listen to the podcast, or read our outline below, and follow along with Dean Graziosi for valuable tips for building your wealth.

Success Habits You Must Develop

 

Inspiration for Success

Success does not come from nowhere and neither does the inspiration for it. If you are lucky, you may have already found the reason why you keep doing what you do. For some, this inspiration is yet to come. Inspiration is important because it’s the thing you hold onto during the long road to success. It comes in many forms: life experiences, encounters, books, certain events, and, for most people, a successful person.

We have a very special show today and an incredible guest, someone who I’ve been looking to get on the show for a while now. About three months ago at one of my Mastermind meetings, I had the opportunity to sit down and meet with him. We got talking about his new book and habits and whatnot. I asked him to come on the show. It took me a while to get him on the show because he’s always traveling and he’s got a busy schedule. We’re going to talk about his new book and habits and some amazing content here today.

Habits of Success and the Success of Habits

One thing about habits I want to say is that habits are the basis of your success, and they could also be the basis of your downfall. Despite the importance of habits, few people know much about them or even how they work.

Habits are thought about negatively — usually they relate to gambling habits or drug habits — but there are a lot of good habits and things that we should incorporate into our lives, such as exercising regularly or how we think or meditate or what we do and what we eat and how we treat our friends and our family.

The magic of habit lies in its repeatability. By consciously and continuously exercising such habits, we form the core and foundation of the success we dream of having.

 

To be aware of our habits and how powerful they are and what subtle changes we can do to affect the trajectory and the path of where we’re doing is just an amazing thing. I have an amazing guest today. Please stay tuned, right to the very end. He’s got a great offer for you.

If you missed our last episode, be sure to listen to How to Properly Interview and Hire Your Property Manager.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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How to Properly Interview and Hire Your Property Manager | PREI 086

Jun 23, 2017 01:06:09

Description:

Hiring a real estate property manager is an essential component of maintaining a property and its value in the market (not to mention attracting good tenants). If you’re a property owner who is busy, owns several properties, or owns out-of-state real estate investments, you will certainly benefit from hiring a professional property manager.

Why Should You Hire a Property Manager?

Finding a reliable property manager who can efficiently handle the day-to-day management, maintenance, and repairs of your investment property, conduct tenant screening and rent collection, and stay on top of landlord-tenant law changes is absolutely essential. It’s not only for peace of mind but also to ensure the maximum market value of the rental property.

What Does a Property Manager Do?

A property manager’s job description includes taking care of all the details and busy work so you can focus on growing your real estate investments. Having a good property management company on your side goes a long way to ensuring easy, profitable, and stress-free investing. It can bring you hassle-free rentals and property maintenance while optimizing your cash flow and your return on investment.

What Should You Look for in a Property Manager?

It’s important that the property manager, the company, and the overall business ethics inspire confidence and trust in you so you’re completely comfortable in assigning the property over to them. I often refer to residential property managers as asset managers because if you stop and think about it, it’s not just the property that they’re managing, it’s really your assets. My guest and I will talk about some of the things that you should look for when you’re interviewing or hiring your property manager.

If you missed our last episode, be sure to listen to Why Should You Invest in Alabama? (Huntsville, Montgomery and Birmingham).

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Why Should You Invest in Alabama? (Huntsville, Montgomery and Birmingham) | PREI 085

Jun 15, 2017 36:18

Description:

We have a special show today because we’re going to do another market spotlight. Today, we’re going to talk about why you should invest in Alabama. In fact, there are actually three great markets to consider in Alabama.

To discuss why you should invest in Alabama and these markets, I wanted to bring on one of my local market providers. He is a great guy, very knowledgeable. His name is Jared. Him and I were down at the IMN event in Florida a couple of months ago. He was on one of the panels, as was I on a separate panel.

I really enjoyed listening to him talk because he is such a knowledgeable person. He’s very detailed, analytical; he really digs into the markets and market timing and trends and the economics and fundamentals. He understands why a market makes sense from many levels.

I could literally listen to him all day long. Then I thought, “We work together, and we have a property in Huntsville, Montgomery and Birmingham in Alabama. Why don’t we just do a podcast episode and talk about these markets and why they make sense? Then you can take it from there.”

If you missed our last episode, be sure to listen to Home Inspections: What You Need to Know.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Millionaire Success Habits: The Gateway to Wealth and Prosperity – Dean Graziosi | PREI 087

Jun 12, 2017 43:15

Description:

The success habits of millionaires set them apart from everyone else. This is not to say that they are born with these habits, but they have perfected them. Learning them can also give you the success they worked hard for. Want to find out what millionaires do differently, and how their success habits have made them who they are today? Listen to the podcast, or read our outline below, and follow along with Dean Graziosi for valuable tips for building your wealth. Success Habits You Must Develop   Inspiration for Success Success does not come from nowhere and neither does the inspiration for it. If you are lucky, you may have already found the reason why you keep doing what you do. For some, this inspiration is yet to come. Inspiration is important because it's the thing you hold onto during the long road to success. It comes in many forms: life experiences, encounters, books, certain events, and, for most people, a successful person. We have a very special show today and an incredible guest, someone who I've been looking to get on the show for a while now. About three months ago at one of my Mastermind meetings, I had the opportunity to sit down and meet with him. We got talking about his new book and habits and whatnot. I asked him to come on the show. It took me a while to get him on the show because he's always traveling and he's got a busy schedule. We're going to talk about his new book and habits and some amazing content here today. Habits of Success and the Success of Habits One thing about habits I want to say is that habits are the basis of your success, and they could also be the basis of your downfall. Despite the importance of habits, few people know much about them or even how they work. Habits are thought about negatively — usually they relate to gambling habits or drug habits — but there are a lot of good habits and things that we should incorporate into our lives, such as exercising regularly or how we think or meditate or what we do and what we eat and how we treat our friends and our family. The magic of habit lies in its repeatability. By consciously and continuously exercising such habits, we form the core and foundation of the success we dream of having.   To be aware of our habits and how powerful they are and what subtle changes we can do to affect the trajectory and the path of where we're doing is just an amazing thing. I have an amazing guest today. Please stay tuned, right to the very end. He's got a great offer for you. If you missed our last episode, be sure to listen to How to Properly Interview and Hire Your Property Manager. Enjoy the show!   Do you have success habits you want to share? Let us know in the comments section below! Up Next: 11 Qualities Real Estate Investors Must Possess to Be Effective –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Millionaire Success Habits: The Gateway to Wealth and Prosperity – Dean Graziosi It's my pleasure to introduce Dean Graziosi to the show. If his name sounds familiar, it's because you've probably seen Dean and his real estate books on television for the last 20 years. I've had the privilege of having Dean come and speak at one of my Mastermind events a few months ago and then we got talking a little bit afterward, which is when I invited him to come and join us on the podcast here today. Dean is perhaps best known for his long-running interview style TV shows, but he is also well known for being a real estate expert, an author, speaker, entrepreneur. Based in Scottsdale, Arizona, he has written multiple New York Times bestselling books and has touched the lives of millions of ...

Home Inspections: What You Need to Know | PREI 084

May 27, 2017 46:02

Description:

  On today's show, we're going to talk about properly inspecting your rental properties before you buy them or even after you've purchased them. All of our clients at Norada Real Estate, we insist that they order a professional home inspection as part of their due diligence after they put a property under contract. That's true for every single property they buy. Why? Because it's important that you know the condition of the property and if there are any issues or red flags. There are still some amount of education that goes around this topic of home inspections. I wanted to bring on a professional, someone who really knows not only the industry, but the nuts and bolts of doing the actual inspections. My guest today is a gentleman named Tim Tucker. He's with US Inspect. Tim is the Director of Business Development for US Inspect. They are the nation's leading employee-based inspection services firm. They're headquartered in Northern Virginia, but they have a very large network of inspection teams nationwide. If you missed our last episode, be sure to listen to What Clients Want to Know... Marco Santarelli on the Other Side of the Mic. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Home Inspections: What You Need to Know   Tim, welcome to the show. Thanks for having me, Marco. I really appreciate being here. I bumped into you down at the IMN event in Miami, Florida about a month and a half ago and gotten into a conversation with you there. I found it very interesting how knowledgeable you are with inspections. I was impressed to see that you actually have a nationwide company, which I don't come across very often, so I was a little surprised that I never came across you before then. I asked you if you would come on the show and you graciously said yes. Let's start off by you telling our listeners a little bit about yourself and something about US Inspect. US Inspect, as you mentioned, is the nation's largest employee-based inspection company. We're not a franchise, so our employees are W2 employees. We started back in 1987 doing corporate relocation inspections across the country. Later, that expanded into us performing home inspections for just regular home buyers. At the time, we didn't have that large employee base. We actually were working with a network of inspectors across the country. Back in the late 1980s into early 1990s, we were vetting home inspectors across the country. Now, that database has just exploded. We have a network of inspectors ranging from Alaska, into Canada, all the way down to the southern tip of Florida. Outside of that, we have those W2 employees, so we truly are the nation's leading employee-based inspection services firm. About myself, I started back in the early 1990s, 1993 to be exact. I have performed to date over 10,000 inspections ranging from residential homes, all the way up to industrial buildings including a lot of skyscrapers and big industrial parks. Currently, I have about 33 certifications starting off as an ASHI Home Inspector, which is the American Society of Home Inspections. Then, going on to the Building Performance Institute as a Certified Building Analyst Professional and an Envelope Professional, that's covering the energy side. I also have a license with the Indiana State Chemist Office for pest. I'm certified to do Radon. Outside of that, I have almost every single International Code Council certification that you can get. Currently, I'm a Certified Building Official and I'm one test away from getting my Certified Fire Marshal. I believe that it's important to be a student and to understand e...

Home Inspections: What You Need to Know | PREI 084

May 25, 2017 46:03

Description:

On today’s show, we’re going to talk about properly inspecting your rental properties before you buy them or even after you’ve purchased them. All of our clients at Norada Real Estate, we insist that they order a professional home inspection as part of their due diligence after they put a property under contract. That’s true for every single property they buy. Why? Because it’s important that you know the condition of the property and if there are any issues or red flags. There are still some amount of education that goes around this topic of home inspections.

I wanted to bring on a professional, someone who really knows not only the industry, but the nuts and bolts of doing the actual inspections. My guest today is a gentleman named Tim Tucker. He’s with US Inspect. Tim is the Director of Business Development for US Inspect. They are the nation’s leading employee-based inspection services firm. They’re headquartered in Northern Virginia, but they have a very large network of inspection teams nationwide.

If you missed our last episode, be sure to listen to What Clients Want to Know… Marco Santarelli on the Other Side of the Mic.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

What Clients Want to Know… Marco Santarelli on the Other Side of the Mic. | PREI 083

May 20, 2017 52:54

Description:

On today's episode we are doing something a little different.  We are having one of Norada's newer active clients interview Marco Santarelli with some common, and not-so-common questions.  Be sure to listen for some history, thought provoking questions, and motivation to pull the trigger or keep the momentum going for yourself. If you missed our last episode, be sure to listen to The Effect of World Events on Your U.S. Real Estate – Lior Gantz. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed What Clients Want to Know... Marco Santarelli on the Other Side of the Mic On today's episode, we have something completely different, something I've never done before. We're actually going to turn the tables around where I have one of our current clients at Norada Real Estate Investments interviewing me. What he has done is he's come up with some questions that he wanted to have answered, and many have been answered, but he's got questions that he wants to ask because these are the questions that he thinks about, some of the stuff that keeps him up at night. We got talking one day down in Florida and even before then. We got thinking that, "If he's got these questions, I'm sure that many other investors have these same questions." We thought it would be neat for us to just have an interview, but he's the one asking me the questions and I'm just going to answer them as he fires them off at me. His name is Chris. He's a native of Florida. Chris, welcome to the show. Thank you very much. It's good having you on here. I'm feeling a little awkward about this because I've never been interviewed on my own podcast. It'll be a lot of fun. Before we get started, why don't you just give our listeners just a high level introduction to who you are and what you're doing in terms of real estate investing? I live in Florida, as you mentioned, in the West Palm Beach area. Middle aged, I work for a corporation in the typical E Quadrant, according to Robert Kiyosaki. My wife and I have three children and we're at the stage in our lives where we realize that our current investment plan is not really going to get us where we want to be, that being our 401(k). We have owned one or two different rental properties over the years. We've gotten our feet wet, but at this point we've made a decision to go deep and long and make this our main push and our primary vehicle for financial independence. Wise decision. I don't want to reveal too much about your financials or your personal facts, but just so people know where you're coming from, you do have retirement accounts, so you are vested in the stock market. But you also are investing in real estate and your goal was to ramp up your portfolio size on the real estate side and maybe divest to some degree out of the stock market. Is that a fair assessment? Correct. We are looking in terms of passive streams of income. I've first read Rich Dad Poor Dad in the early 2000s. I kept going at the corporate job, my wife kept going at her career. We pretty much just continued on that path in spite of believing in the entrepreneurial spirit and dabbling in rental real estate. Now, I'm going to turn 50 soon, I'm looking forward 10, 15, 20 years and I just don't see saving money in a 401(k) as a real retirement plan. Even if you are able to assemble a pretty good chunk of money there, it's just not going to carry you. It's not going to give you the income that you need. Over the past year, now I've been planning and preparing and studying. We've reached that point now where it's time to accumulate those properties and redirect our investments,

What Clients Want to Know… Marco Santarelli on the Other Side of the Mic. | PREI 083

May 19, 2017 52:55

Description:

On today’s episode we are doing something a little different. We are having one of Norada’s newer active clients interview Marco Santarelli with some common, and not-so-common questions. Be sure to listen for some history, thought provoking questions, and motivation to pull the trigger or keep the momentum going for yourself.

If you missed our last episode, be sure to listen to The Effect of World Events on Your U.S. Real Estate – Lior Gantz.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Effect of World Events on Your U.S. Real Estate – Lior Gantz | PREI 082

May 12, 2017 48:45

Description:

I just got back from IMN's 5th Annual Single Family Rental Investment Forum in Miami, Florida. I was on a panel there speaking. What I enjoy about these events is that I get to network with people from all around the country and even out of the country and talk about the future of real estate investing, what is happening in the markets, the tightening of inventory, the growing rental pool, the effects of policy, monetary and fiscal, as well as geopolitical events. There's just a mixed bag of topics. It's all fascinating. This is a good segue into today's show. Sometimes I talk to you about tactical items, whether it be asset protection or evaluating a neighborhood or finding a good deal. But you need to counter that with understanding some strategic related topics. It's good to understand the tactical side of things, but it's also good to understand the bigger picture, the strategic items, things that can or will affect your real estate investing, the strategy you have, where you invest, when you invest, that kind of stuff. Today's show is more about macroeconomic stuff. We're bouncing all over the place talking about different subjects but they all tie in. It's good to have that big picture, 50,000 foot level view, of your real estate investing. It doesn't matter whether you don't have property yet or you only have one property or maybe you have a large portfolio of a hundred units. It doesn't matter. You just need to understand this even if it's at a high level. Thomas Friedman, he is a US journalist but he's really an author and three-time Pulitzer Prize winner. He's a very smart guy. He's written many books on the subject of world events, economics, geopolitics, and how that all plays into the US economy. I like one of his quotes. He said, “In Globalization 1.0, which began in 1492, the world went from the size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. Then somewhere around the year 2000 came Globalization 3.0. At that point, the world went from being small to tiny.” You can see that the smaller the world gets, the more we are affected and impacted by events that happen outside of our borders. All real estate may be local but that doesn't necessarily shield one market from major events occurring thousands of miles away. In today's global economy, important geopolitical events have consequences that can easily ripple across the planet. It can and will affect you. Election results, economic policies and international relations all have spillover effects on global real estate, whether directly or indirectly. These create incentives for buyers to be drawn toward or even repelled from various geographic markets. You’ve got to watch these bigger picture items because it can give you clues as to when or why to move into a market or when or why to move out of particular markets. Some factors are purely financial in nature, like changes in currency values or tax treatments. For example, the provincial government of British Columbia in Canada imposed a 15% tax on foreign investment last August. That's a law that would have added $300,000 to the price of a $2 million home in the Vancouver market. We all know that Vancouver is very, very expensive. It's much like the San Francisco market here in the US. There are many parallels to that. There's a lot of investment capital coming in from other countries, foreign capital. As a result of this tax, house prices in the area fell 5.3% in November and that’s the largest monthly decline since 2012. From January 2016 to January 2017, house prices in Vancouver fell a whopping 18.9%, that’s almost 19% in one year. It reduced the foreign investment rate from 13% prior to August of last year to a low of about 4% right now. The foreign investment capital has dried up considerably and that lack of demand, that lack of capital has let prices slide in the Vancouver market.

The Effect of World Events on Your U.S. Real Estate – Lior Gantz | PREI 082

May 11, 2017 48:46

Description:

I just got back from IMN’s 5th Annual Single Family Rental Investment Forum in Miami, Florida. I was on a panel there speaking. What I enjoy about these events is that I get to network with people from all around the country and even out of the country and talk about the future of real estate investing, what is happening in the markets, the tightening of inventory, the growing rental pool, the effects of policy, monetary and fiscal, as well as geopolitical events. There’s just a mixed bag of topics. It’s all fascinating. This is a good segue into today’s show. Sometimes I talk to you about tactical items, whether it be asset protection or evaluating a neighborhood or finding a good deal. But you need to counter that with understanding some strategic related topics. It’s good to understand the tactical side of things, but it’s also good to understand the bigger picture, the strategic items, things that can or will affect your real estate investing, the strategy you have, where you invest, when you invest, that kind of stuff.

Today’s show is more about macroeconomic stuff. We’re bouncing all over the place talking about different subjects but they all tie in. It’s good to have that big picture, 50,000 foot level view, of your real estate investing. It doesn’t matter whether you don’t have property yet or you only have one property or maybe you have a large portfolio of a hundred units. It doesn’t matter. You just need to understand this even if it’s at a high level.

Thomas Friedman, he is a US journalist but he’s really an author and three-time Pulitzer Prize winner. He’s a very smart guy. He’s written many books on the subject of world events, economics, geopolitics, and how that all plays into the US economy. I like one of his quotes. He said, “In Globalization 1.0, which began in 1492, the world went from the size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. Then somewhere around the year 2000 came Globalization 3.0. At that point, the world went from being small to tiny.” You can see that the smaller the world gets, the more we are affected and impacted by events that happen outside of our borders.

All real estate may be local but that doesn’t necessarily shield one market from major events occurring thousands of miles away. In today’s global economy, important geopolitical events have consequences that can easily ripple across the planet. It can and will affect you. Election results, economic policies and international relations all have spillover effects on global real estate, whether directly or indirectly. These create incentives for buyers to be drawn toward or even repelled from various geographic markets. You’ve got to watch these bigger picture items because it can give you clues as to when or why to move into a market or when or why to move out of particular markets.

Some factors are purely financial in nature, like changes in currency values or tax treatments. For example, the provincial government of British Columbia in Canada imposed a 15% tax on foreign investment last August. That’s a law that would have added $300,000 to the price of a $2 million home in the Vancouver market. We all know that Vancouver is very, very expensive. It’s much like the San Francisco market here in the US. There are many parallels to that. There’s a lot of investment capital coming in from other countries, foreign capital. As a result of this tax, house prices in the area fell 5.3% in November and that’s the largest monthly decline since 2012. From January 2016 to January 2017, house prices in Vancouver fell a whopping 18.9%, that’s almost 19% in one year. It reduced the foreign investment rate from 13% prior to August of last year to a low of about 4% right now. The foreign investment capital has dried up considerably and that lack of demand, that lack of capital has let prices slide in the Vancouver market. They’re really seeing a correction right now.

Other policies that may make destinations less or more appealing by easing or restricting immigration, that’s one thing. Cross-border trade is another thing. In worst case scenarios, geopolitical events can escalate into full-fledged military conflicts and that could displace entire communities and endanger lives. By nearly any standard, 2016 was extraordinary. There were a lot of events going on politically, starting with Great Britain’s Brexit vote and then that rippled through major elections across Europe and the United States. Populism has been turning the status quo upside down. While it may be tempting to view populism as a rigid and inflexible movement extending across borders, this would be an oversimplification of the various forces that play in each election. It would encourage faulty assumptions about how developments may unfold in 2017 and beyond. Donald Trump may have earned his fortune in real estate, but his broader policy positions and their implications on US real estate will only begin to take focus after about his first year as President. It just takes that long for changes to be implemented and start taking effect.

Over the first half of this year, 2017, there’s little doubt the US economy will enjoy stimulus largely from a combination of tax cuts and government spending on infrastructure and national defense. This in turn should boost consumer confidence and drive the economy higher along with inflation and interest rates. As long as our GDP growth is sustained and comes from more jobs and higher productivity, inflation will be and should be manageable. One hallmark of US real estate, this is something to consider, regardless of who holds the Presidency, is the fact that personal property rights here in the US are held sacred. Those property rights are extended equally to foreign nationals. It doesn’t matter if you’re a company or a person or whether you’re a US resident or a foreign national, these property rights are very important because it’s the rule of law that makes the US so appealing to foreign nationals.

This appealing fact, especially to Chinese investors, is a huge draw for foreign capital. I just spoke with an investor in Sydney, Australia right before recording this here today. He’s in the process right now of getting pre-approved for financing so he can start buying a portfolio of properties here in the United States. He’s working with one of our investment counselors right now and putting those pieces in place. People get it and they will continue to invest in the US but in different places and to different degree.

Often, geopolitical events in other parts of the world can tip the scales in such a way that a safe haven in US real estate will still attract inbound investment in spite of other disincentives such as the exchange rate of their currency into ours, which can be dramatic. You may want to consider yourself as a global real estate practitioner. It’s important to stay dialed into these and other stories. Doing so puts you in a much better position to spot opportunities and understand where future business may originate from and why. Today, I have an interesting guest who happened to be in Israel when I interviewed him.

If you missed our last episode, be sure to listen to One Financial Advisor’s View on Real Estate Investing.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Real Estate Investing From An Expert’s Perspective | PREI 081

Apr 29, 2017 43:48

Description:

When it comes to real estate investing, most financial advisors shake their heads. But the financial services industry has turned itself into such a complex machine. It has caused confusion, encouraged mistakes, and justified hefty fees. And all for the benefit of its own bottom line. That reminds me of a quote from Donald Trump. He said, “Sometimes, your best investments are actually the ones you don’t make.” What Most Financial Advisors Don't Want Investors to Know About Real Estate In this article: What Investors Need to Know about the Financial Services Industry What a Financial Advisor and a Real Estate Investor Says How Brent Sutherland Began His Career as an Investor What's So Good about Having Real Estate Investment Property Why Investors Need Better Financial Education Why Financial Advisors Don't Include Real Estate in Your Investment Strategy Income Diversification vs. Portfolio Diversification Why Investors Need to Diversify Their Income More than Their Portfolio Investors and Planning for Retirement Risks You Have to Look Out for as a Real Estate Investor Where Can Real Estate Investors Find a Financial Advisor They Can Trust?  What Investors Need to Know about the Financial Services Industry Many financial advisors will discourage you from trying your hand at real estate investing. They’d say that the real estate market is volatile. It’s hard to find a real estate agent you can trust. And how do you plan to manage the day-to-day operations of your investment property? But the thing is they have little education in real estate. They don’t know how to find, buy, and manage investment properties. If you’re interested in residential or commercial real estate, speak with someone who knows his way around the industry. What a Financial Advisor and a Real Estate Investor Says Today’s show is about financial advice, financial planners, Wall Street and—really—who do you believe? My guest today is Brent Sutherland from Ntellivest. Brent has worked in financial services for over 11 years, both in the corporate accounting and investment world. He has a boutique financial planning business today. His goal is to help you turn off the noise and challenge the traditional approach to financial planning and thinking. If you missed our last episode, be sure to listen to Think and Grow Rich for Real Estate Investors. Enjoy the show! Will having a financial advisor deter you from your goal of making passive income through real estate investing? Let us know in the comments below! Up Next: 100 Investment Property Loans: FAQs in Buying a Home Without Deposit –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW  (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed One Financial Advisor’s View on Real Estate Investing Welcome to the show, Brent. Marco, thank you for having me. As you know, I’m a follower of your podcast, so it’s an honor for me to be on it. I appreciate that. I’m glad to have you on because you’re really the first financial advisor I’ve had on the show. Sometimes, we poke fun at financial advisors and really at their expense, which is because of what they do, what they say, and what they sell. I think there’s a certain place in the world for financial advisors. At the same time, I don’t necessarily agree with everything they sell and the advice they’d give. Let’s begin with you. Tell us who you are and exactly what you do, please. How Brent Sutherland Began His Career as an Investor I am a financial advisor. I know that can be more of a dirty word, so to speak, in the real estate investment community. That’s specifically because most financial advisors you talk to do not r...

Real Estate Investing From An Expert’s Perspective | PREI 081

Apr 26, 2017 43:48

Description:

When it comes to real estate investing, most financial advisors shake their heads. But the financial services industry has turned itself into such a complex machine. It has caused confusion, encouraged mistakes, and justified hefty fees. And all for the benefit of its own bottom line. That reminds me of a quote from Donald Trump. He said, “Sometimes, your best investments are actually the ones you don’t make.”

 

What Most Financial Advisors Don’t Want Investors to Know About Real Estate

In this article:

What Investors Need to Know about the Financial Services Industry What a Financial Advisor and a Real Estate Investor Says How Brent Sutherland Began His Career as an Investor What’s So Good about Having Real Estate Investment Property Why Investors Need Better Financial Education Why Financial Advisors Don’t Include Real Estate in Your Investment Strategy Income Diversification vs. Portfolio Diversification Why Investors Need to Diversify Their Income More than Their Portfolio Investors and Planning for Retirement Risks You Have to Look Out for as a Real Estate Investor Where Can Real Estate Investors Find a Financial Advisor They Can Trust?

 

What Investors Need to Know about the Financial Services Industry

Many financial advisors will discourage you from trying your hand at real estate investing. They’d say that the real estate market is volatile. It’s hard to find a real estate agent you can trust. And how do you plan to manage the day-to-day operations of your investment property? But the thing is they have little education in real estate. They don’t know how to find, buy, and manage investment properties. If you’re interested in residential or commercial real estate, speak with someone who knows his way around the industry.

 

What a Financial Advisor and a Real Estate Investor Says

Today’s show is about financial advice, financial planners, Wall Street and—really—who do you believe? My guest today is Brent Sutherland from Ntellivest. Brent has worked in financial services for over 11 years, both in the corporate accounting and investment world. He has a boutique financial planning business today. His goal is to help you turn off the noise and challenge the traditional approach to financial planning and thinking.

If you missed our last episode, be sure to listen to Think and Grow Rich for Real Estate Investors.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Think and Grow Rich for Real Estate Investors | PREI 080

Apr 21, 2017 39:37

Description:

Think and Grow Rich is one of those books you see most often on the recommended reading list of people who have achieved really great things. The book was written by the commission of Andrew Carnegie. Based on interviews of over 500 people in history who now we know as great men in the early 20th century, he’s commissioned this book. He interviewed people, such as Henry Ford, J.P. Morgan, John D. Rockefeller, Alexander Graham Bell, Thomas Edison, Theodore Roosevelt, Wilbur Wright, Howard Taft. This book is amazing. I read it so long ago. It was first published in 1937. It has sold more than 70 million copies. It gives it the distinction of being the all-time best-seller in the personal success category. Today’s episode is about Think and Grow Rich for real estate investors. The perfect person to bring on for this is a person who I know and respect, a friend of mine. His name is Mani Vaya. Mani is the founder of 2000Books.com where he interviews some of today’s top authors. Over the last five years, Mani has read over 1,000 books in the field of business and personal development. Get this, over the last few years, he has been reading seven books a week, which basically averages out to one book per day. The first book that revolutionized his thinking was Napoleon Hill’s Think and Grow Rich. As a real estate investor, it made sense to bring him on to talk about the book and how it ties in with real estate investing. If you missed our last episode, be sure to listen to Proper Estate Planning for Real Estate Investors. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Think and Grow Rich for Real Estate Investors Mani, welcome to the show. Hey, Marco. Thank you very much for having me. I’m so delighted to be here. It’s great having you on. I enjoy your podcast. I wish I had the amount of time to read books as you do. It’s awesome. Books are my love. I spend a lot of time reading and learning. That’s why this business is here. How did you get started with 2000Books.com? Let me go a little bit back in time. I didn’t always start off as being the book reader. I am from India originally. I’m a physics guy. I studied physics, then I moved on to study electrical and computer engineering. I had my career in engineering for a long time. I was managing billion-dollar plus cell phone design projects, cell phone launches. Until at some point, I decided that I had to move on and create my own success, create my own definition of success, create my own entrepreneurial venture. It was brewing inside of me. But at some point, I had to let go. 2000 Books came as a result of me wanting to continue down this path of learning that had been brewing in my mind for a while. Think and Grow Rich was one of the seminal books that got me started in the whole field of personal development. Before that, I did not really understand it. Or maybe I had used the principles in my life, but I didn’t even know that I was using principles that had been written about 50, 60, 70, 100 years ago, 200 years ago at some point. These were just some things I had picked up or somehow I had known, and again and again, they would show up as truths in my life. Think and Grow Rich, when I read the book, I was like, “I have been using this for so long.” 2000 Books came about a year and a half ago when I said, “I want to dedicate my life at this point to learning from these books, to teaching entrepreneurs about all the great books that are out there and publishing all that information out there.” That’s what I do now. I love the fact that you can summarize all these great books and then make it eas...

Think and Grow Rich for Real Estate Investors | PREI 080

Apr 21, 2017 39:38

Description:

Think and Grow Rich is one of those books you see most often on the recommended reading list of people who have achieved really great things. The book was written by the commission of Andrew Carnegie. Based on interviews of over 500 people in history who now we know as great men in the early 20th century, he’s commissioned this book. He interviewed people, such as Henry Ford, J.P. Morgan, John D. Rockefeller, Alexander Graham Bell, Thomas Edison, Theodore Roosevelt, Wilbur Wright, Howard Taft. This book is amazing. I read it so long ago. It was first published in 1937. It has sold more than 70 million copies. It gives it the distinction of being the all-time best-seller in the personal success category.

Today’s episode is about Think and Grow Rich for real estate investors. The perfect person to bring on for this is a person who I know and respect, a friend of mine. His name is Mani Vaya. Mani is the founder of 2000Books.com where he interviews some of today’s top authors. Over the last five years, Mani has read over 1,000 books in the field of business and personal development. Get this, over the last few years, he has been reading seven books a week, which basically averages out to one book per day.

The first book that revolutionized his thinking was Napoleon Hill’s Think and Grow Rich. As a real estate investor, it made sense to bring him on to talk about the book and how it ties in with real estate investing.

If you missed our last episode, be sure to listen to Proper Estate Planning for Real Estate Investors.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Proper Estate Planning for Real Estate Investors | PREI 079

Apr 14, 2017 38:56

Description:

There's a quote by Ambrose Bierce, "Death is not the end. There remains the litigation over the estate." With this quote from this journalist and writer, today's show is about proper estate planning for real estate investors. This is something I've been wanting to do for a while because I've realized it's a little bit of a gap in the content that I've been putting out. Today, I brought on a guest who I found out about through a friend of mine. His name is Jules Martin Haas. He is a New York City based lawyer who provides clients with legal representation in various areas of law including real estate, trusts and estates, probate estate planning, and business law. With that amount of over regulation that we have out today, it's very important to have a good attorney. If you missed our last episode, be sure to listen to Rental Income Protection – Sky Mikesell. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Proper Estate Planning for Real Estate Investors   Jules, welcome to the show. Thank you, Marco. It's a pleasure to be here. Thank you very much for inviting me on your show today. Let's just start off with taking a minute and having you tell us about yourself. As you said, I'm a New York attorney. My office is in Midtown Manhattan. I'm at 845 3rd Avenue, New York, New York, which is between 51st and 52nd, right in Midtown Manhattan. I have a website. I have a blog, New York Probate Lawyer blog. I practice pretty much throughout the New York metropolitan area, which is New York City and all; there’s Queens, Brooklyn, Manhattan, Bronx, Staten Island, and some of the surrounding counties, which include Nassau, Suffolk and Westchester Counties as well. Tell us about your background as an attorney and your focus on estate planning and whatnot, just so we have a better idea of your practice. I've been representing clients and practicing here in New York since 1979. The folks that I represent really are a wide array of interest. The areas that I primarily work in, as you mentioned, include estate planning, which includes wills and trust and various items like that. I do a lot of what we call Surrogate’s Court work here in New York, which people outside of New York may know it as probate court, which is probate of wills, administration of estates, various forms of litigation that go along with that, which there are a lot, such as will contest and various other trust and accounting proceedings, kinship proceedings. I handle guardianship matters where people become incapacitated and they need a guardian. I also do a lot and have done a lot of representation in connection with real estate matters. Real estate matters really, as your audience knows, can really run a whole array of different things. There are matters such as the run-of-the-mill closings, which can be single, multifamily homes. Here in New York City, we have cooperatives, co-op apartments, we have condominium apartments. There are leases. There are landlord-tenant issues. There are all kinds of stuff. New York being as it is, there are many rules and regulations and various things that you have to overcome even in the simplest type of transaction. I've been doing all of that for well over 30 years as well. It's interesting because a lot of the representation that I have in the estate area and the real estate area go hand in hand. The reason being that many times, the main asset, the most valuable asset that a person owns is usually going to be real estate, whether it's a house or an investment property or some other type of interest. As your audience probably knows,

Proper Estate Planning for Real Estate Investors | PREI 079

Apr 12, 2017 38:57

Description:

There’s a quote by Ambrose Bierce, “Death is not the end. There remains the litigation over the estate.” With this quote from this journalist and writer, today’s show is about proper estate planning for real estate investors. This is something I’ve been wanting to do for a while because I’ve realized it’s a little bit of a gap in the content that I’ve been putting out.

Today, I brought on a guest who I found out about through a friend of mine. His name is Jules Martin Haas. He is a New York City based lawyer who provides clients with legal representation in various areas of law including real estate, trusts and estates, probate estate planning, and business law. With that amount of over regulation that we have out today, it’s very important to have a good attorney.

If you missed our last episode, be sure to listen to Rental Income Protection – Sky Mikesell.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Rental Income Protection – Sky Mikesell | PREI 078

Apr 7, 2017 27:29

Description:

On today’s show, we have an interesting topic. It’s about how to protect your rental income. I have worked with this person for quite a while and I wanted to bring him on the show because he has actually been part of a new company that is offering a rental income product. It might be something of great interest to you, especially depending on the size of your portfolio and where it’s located. If you missed our last episode, be sure to listen to Wealth, Wall Street and Real Assets with Buck Joffrey. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Rental Income Protection – Sky Mikesell   It’s my pleasure to introduce Sky Mikesell. Sky is the CEO of RentSure Membership, which is the only rental income protection product to the United States. He has been investing in real estate since 1997 and has been involved in other 1,000 real estate transactions in seven different states. Sky, welcome to the show. Thanks, Marco. Thanks for having me. Thanks for coming on. You called me up probably a few months ago to tell me about this new product and this new company called RentSure Membership. I found it fascinating, especially considering that I was involved in, I don’t want to say a similar product, but it is a similar type of product several years ago.  I’d like to talk about that, but before we go there, tell us a little bit about your journey into real estate and how that transitioned over into RentSure. To share with you I will just give you a quick backdrop on my background and experience, what lead us to this moment. I grew up in Portland, Oregon on the West Coast there and I started buying real estate when I was actually nineteen. I was a plumber’s helper saving my money and looking to buy my first house and, eventually, I bought my second house, and slowly started growing my portfolio. About six or seven years into it, I transitioned my portfolio out to the East Coast and moved to Charlotte, North Carolina where I still remain today. I started turnkey operation when I got out here. We bought. We renovated. We leased houses and we sold them. That’s how I met you originally, and a few of your clients, in fact. That’s how we started. I guess that was ten to twelve years ago all in all. We did quite a few transactions in the Charlotte area. Then about three years ago, we started buying in other areas around the country that we felt like made sense, in addition to Charlotte. I would say, Marco, about a year, a year and a half ago, two years ago, I can’t tell you the exact moment, and this sounds silly, but I bought a vacation rental for myself and my family. I was putting a new tile in and it was 2 AM. I’m on my hands and knees laying tile in my vacation rental because I was so excited about my new vacation rental. It hit me, I said, “Sky, the thing that has cost you, all your investor friends, colleagues, and clients, the most money in the last twenty years you’ve been doing this has been two things: the default vacancy and the unexpected maintenance.” Those are the two things that have been the cashflow killers. We’ve been able to find good properties. We’re happy when we found good properties. We renovated them properly. We even found good tenants for some of them. But when the tenants defaulted, that killed everything. I said, “That’s the business I am going to go in.” I woke my wife up that night at 2 AM. I said, “Great news. We are starting a new business. We are going to go in to the rental income protection business.” She said, “Please don’t spend any money.” That’s how we started. Fast forward a few months,

Rental Income Protection – Sky Mikesell | PREI 078

Apr 4, 2017 27:29

Description:

On today’s show, we have an interesting topic. It’s about how to protect your rental income. I have worked with this person for quite a while and I wanted to bring him on the show because he has actually been part of a new company that is offering a rental income product. It might be something of great interest to you, especially depending on the size of your portfolio and where it’s located.

If you missed our last episode, be sure to listen to Wealth, Wall Street and Real Assets with Buck Joffrey.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Wealth, Wall Street and Real Assets with Buck Joffrey | PREI 077

Mar 31, 2017 27:24

Description:

Today’s show is about wealth, Wall Street and real assets. I’ve brought Dr. Buck Joffrey on to the show to talk about this. Buck knows the old mantra of, “Investing in a diversified portfolio of stocks, bonds and mutual funds,” is simply outdated and dangerous, especially, for high paid professionals given the instability and the volatility in the markets today. He advocates entrepreneurship and investing, especially in hard assets and those that provide cashflow because that’s really the reliable way and the approach to building solid personal finance. I’m in line with his thinking and what he advocates. I want to get him on the show to talk about his perspective on these things. It was an interesting conversation, so I think you’ll thoroughly enjoy it. If you missed our last episode, be sure to listen to The Real Estate Investor Ladder of Success – Trevor McGregor. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Wealth, Wall Street and Real Assets with Buck Joffrey It’s my pleasure to welcome Dr. Buck Joffrey to the show. Buck is an accomplished surgeon, entrepreneur, asset manager and podcaster. He is also the number one best-selling author of Seven Secrets of Eternal Wealth. With a negative net worth upon finishing his surgical training back in 2008, Buck quickly became a serial entrepreneur and real asset investor amassing an eight figure net worth. Buck, welcome to the show. Thanks for having me. It’s a pleasure having you on. I listen to your podcast. I love the content you put out because I consider myself an arm chair economist. I like to learn about the global economy, macroeconomics, how things play into real estate and other asset classes here in the US and where I should invest and where I should maybe not invest. Before we get into all that stuff, which I find really interesting, let’s start off with you. Tell us about your journey, how you got started from becoming a doctor and then getting into real estate and an asset manager. It’s started out, as you said, I was your typical A-student, as Tom Wheelwright would say, the recovering A student. I went through medical school, graduated top of my class, I went to start out a neurosurgery residency, became a brain surgeon. I decided the lifestyle wasn’t for me, but I finished another type of surgical training. I was a little bit easier on my life but it was still surgery. I enjoyed doing that. I spent about 33 years preparing myself and getting trained, etc. and then practiced for about four or five years and then effectively retired. That was about 2008, 2009 when I finished my training. I was a pretty academic guy. I was very interested in all the research stuff and so on and so forth. Right around 2008-2009, obviously, there was a mortgage meltdown, all these people losing their money. Fortunately, for me I didn’t have any money already. It gave me a chance to look at what other people did wrong. One of the thoughts that I had when I was coming out was, “I’ve gone several years making minimum wages as a surgical resident. Now, I’m going to go up six figures plus, how am I going to this differently than all these people who lost a bunch of money?” Instead of going the route of just being another guy who hands my money over to a financial planner, I took it upon myself to become more self-educated, got inspired by, of course, Mr. Kiyosaki. The man who’s probably created more millionaires than anybody else on earth. I got inspired from him. I started my own practice, turned that into a business, phasing myself out. Did it again with another business, phasing myself out. Before you know it,

Wealth, Wall Street and Real Assets with Buck Joffrey | PREI 077

Mar 30, 2017 27:25

Description:

Today’s show is about wealth, Wall Street and real assets. I’ve brought Dr. Buck Joffrey on to the show to talk about this. Buck knows the old mantra of, “Investing in a diversified portfolio of stocks, bonds and mutual funds,” is simply outdated and dangerous, especially, for high paid professionals given the instability and the volatility in the markets today. He advocates entrepreneurship and investing, especially in hard assets and those that provide cashflow because that’s really the reliable way and the approach to building solid personal finance. I’m in line with his thinking and what he advocates. I want to get him on the show to talk about his perspective on these things. It was an interesting conversation, so I think you’ll thoroughly enjoy it.

If you missed our last episode, be sure to listen to The Real Estate Investor Ladder of Success – Trevor McGregor.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Real Estate Investor Ladder of Success – Trevor McGregor | PREI 076

Mar 24, 2017 37:52

Description:

  Today, we have a very special show. It is not specifically about real estate per se, but it is tied to real estate investing, the psychology of it, and how you can be more successful in your real estate investing. I brought on someone who I truly admire, who I met back in Denver about three or four weeks ago. We were both speaking at an event, Joe Fairless’ Best Ever Real Estate Investing Conference. I was really impressed by Trevor McGregor, who is a Master Coach. Trevor has completed well over 10,000 coaching hours. He’s worked with hundreds of clients from around the world to achieve success and fulfillment, including Fortune 500 executives, entrepreneurs, real estate investors and world class professionals. His mission is to assist others to achieve better health and more wealth and freedom and contribution than they ever thought possible. This really resonated with me. If you missed our last episode, be sure to listen to Understanding Neighborhood Trends and Forecasting Property Values. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed The Real Estate Investor Ladder of Success – Trevor McGregor Trevor, welcome to the show. Thanks very much, Marco. It’s great to be on the show. It’s great having you here because I know what you are capable of delivering. I sat through your presentation back in Denver with ears wide open and taking notes. I thought this material and this content and your professionalism would be perfect to have on our show for our audience because they’re going to eat all this stuff up. Having said that, let’s begin with you. I always like to start off with our guest. Tell us about your journey and how you got into coaching and to real estate investing, because I know you’re a real estate investor as well. Correct. I’d love to share that. I’m from Canada. I live in Vancouver Canada. I grew up, typical guy, loves sports and really wanted to get into a career or a profession that I love and went to university, studied Business. When I got out of college, I worked for a real estate and hospitality company. What I thought would be an interesting beginning to my career there, it ended up being many, many years of climbing the ranks and working in areas of operations and marketing and finance and HR. I really enjoyed that because I was learning, I was growing. I got married, started a little family. While I was going through that journey, I also had an opportunity to invest in the company. What I did is I borrowed a whole bunch of money off from family and friends, and cashed in a little bit of our 401K, and popped some money into an investment and things went great for a while. Then when 2001 hit, I took a little bit of a hit. The business couldn’t hang on to our growth plans. It ended up losing a significant sum of the money I had invested. At that time, I thought to myself, how was I going to get back on my feet and really move things to the next level? I started to work with my own coach. He said, “Trevor, have you ever thought of doing something in real estate?” I said, “Tell me more about it.” Really, Marco, that was the start of the journey. I started to go to seminars, read books, listen to audios. I found that there was a new way of thinking and behaving. In a relatively short amount of time, with a little bit of money that I had scraped together, I bought one little townhouse. That was a great experience. I bought a condo. I pulled the equity out of that to buy my first duplex. I really started to understand cashflow then and I started to buy fourplexes. In a relatively short amount of time,

The Real Estate Investor Ladder of Success – Trevor McGregor | PREI 076

Mar 22, 2017 37:52

Description:

Today, we have a very special show. It is not specifically about real estate per se, but it is tied to real estate investing, the psychology of it, and how you can be more successful in your real estate investing. I brought on someone who I truly admire, who I met back in Denver about three or four weeks ago. We were both speaking at an event, Joe Fairless’ Best Ever Real Estate Investing Conference. I was really impressed by Trevor McGregor, who is a Master Coach. Trevor has completed well over 10,000 coaching hours. He’s worked with hundreds of clients from around the world to achieve success and fulfillment, including Fortune 500 executives, entrepreneurs, real estate investors and world class professionals.

His mission is to assist others to achieve better health and more wealth and freedom and contribution than they ever thought possible. This really resonated with me.

If you missed our last episode, be sure to listen to Understanding Neighborhood Trends and Forecasting Property Values.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Understanding Neighborhood Trends and Forecasting Property Values | PREI 075

Mar 17, 2017 37:45

Description:

  On today’s show, we have a special guest. He actually has been on our show before back in show number 35. I am bringing him back on today because he’s got some updates to share with us. This show is about things like forecasting property values, looking at appreciation trends and forecasts. My guest today is Dr. Andrew Schiller. Dr. Schiller is the founder, CEO and Chief Scientist of Location Inc. He is responsible for inventing the search and neighborhood matching algorithms that powers Neighborhood Scout, which has been covered by CNN, Bloomberg Business and The Wall Street Journal among others. If you missed our last episode, be sure to listen to How to Stay Inspired and Driven – John Lee Dumas. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Understanding Neighborhood Trends and Forecasting Property Values   Andrew, welcome back to the show.   Thank you, Marco. It’s great to be here. It’s great having you back on. I really enjoyed doing the show with you in the past talking about analyzing neighborhoods and the power of your product with Neighborhood Scout. I use it daily. I am a walking testimonial for it. I know you have been keeping yourself really busy. Why don’t you give us, first of all, a quick update or an overview actually of what Neighborhood Scout is and then we can get into some of the changes you’ve made later. Neighborhood Scout has served about 65 million people since it was first launched in 2002. Neighborhood Scout is a platform where people can learn about locations with data on crime, schools, appreciation rates, housing market, vacancies, demographics and all that are built together into one simple to use platform and reporting mechanism. Much of the data and analytics in Neighborhood Scout are built in-house by our PhD scientists. Unlike many other types of services or sites where they simply aggregate existing data, we are primarily a source of and builder of high-end analytics, predictive analytics, trends and information that can help people make really informed decisions. That was our specialty. We baked it into Neighborhood Scout. I am a geographer. I have always loved places. The whole idea about Neighborhood Scout is to reveal the truth about locations. We have no vested interest in people moving to or buying property in any particular place or even moving or buying at all. We want people to be as empowered as possible. To tell you a personal story, when I bought my first house in 2001, it was a year before launching Neighborhood Scout. My first daughter, Wendy, was not quite one year old at the time. I was just finished with my Geography PhD program. I was well-trained. I was able to find information and aware of the importance of location. We selected a lot on a quiet, dead-end street in Worcester, Massachusetts near hiking trails and within walking distance to local shops. One year later, I launched Neighborhood Scout. I quickly entered what was important for us in a neighborhood. At that time, for us personally, we wanted good public schools, affordability, educated neighbors, and low crime for example. Neighborhood Scout delivered a map and my eyes were permanently opened to a new level of understanding. We should have bought two miles away. I didn't even know. The answers were right there at my fingertips. I could make educated decisions. It was a great enlightenment. Now, as of about a week ago, fifteen years later, that great enlightenment is happening again for me personally with Neighborhood Scout’s new arrival of information. We have gone from about 310 or 320 analytics and data elements in an individ...

Understanding Neighborhood Trends and Forecasting Property Values | PREI 075

Mar 16, 2017 37:45

Description:

On today’s show, we have a special guest. He actually has been on our show before back in show number 35. I am bringing him back on today because he’s got some updates to share with us. This show is about things like forecasting property values, looking at appreciation trends and forecasts. My guest today is Dr. Andrew Schiller. Dr. Schiller is the founder, CEO and Chief Scientist of Location Inc. He is responsible for inventing the search and neighborhood matching algorithms that powers Neighborhood Scout, which has been covered by CNN, Bloomberg Business and The Wall Street Journal among others.

If you missed our last episode, be sure to listen to How to Stay Inspired and Driven – John Lee Dumas.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Stay Inspired and Driven – John Lee Dumas | PREI 074

Mar 10, 2017 14:26

Description:

Welcome to Passive Real Estate Investing. I’m your host, Marco Santarelli. On today’s show, I was able to get John Lee Dumas on for about fifteen minutes. Now, it was a relatively quick and somewhat rushed interview but I was fortunate to get him on. He’s a very busy guy. He does a daily podcast with some of the most successful business entrepreneurs. If you’re in business, you can learn a lot from his show, although I have a lot of trouble keeping up with seven episodes a week. One thing that came out of this interview with John is his passion and that’s one thing that came through. We talked about it for a little bit. It seems that as he failed in his journey, it was because of a lack of passion. As I look around at other people, I see that people who are just getting by or coasting in life seem to have lack of desire, lack of passion, lack of drive and their just not inspired. It blows me away. I used to think that it’s because people don’t actually write meaningful, smart, specific goals. But I think there’s more to it than that. I think it all starts with a desire and a passion to get something done or achieve or accomplish something greater. It’s an interesting interview, as short as it is. But a few things about passion in itself, I had to look up the definition of passion and figure out what exactly does that mean. But really, passion is the energy that keeps us going. It fills us with meaning and happiness and excitement and anticipation. Passion is a powerful force, like energy. It motivates us and moves us in accomplishing anything that you set your mind to. This can be in work, in life. It helps you to enjoy life to the fullest extent possible. Ultimately, passion is the driving force behind success and happiness that allows us all to live better lives. I love quotes. I should start more reading quotes actually. There are some really good quotes out there related to passion. From Benjamin Franklin, for example: “If passion drives you, let reason hold the reins.” Jean-Paul Sartre: “We must act out of passion before we can feel it.” That’s very interesting. Barbara Corcoran from Shark Tank: “You can’t fake passion.” T.S. Elliot: “It is obvious that we can no more explain our passion to a person who has never experienced it than we can explain light to the blind.” The famous singer Jon Bon Jovi said: “Nothing is as important as passion. No matter what you want to do with your life, be passionate.” Mia Hamm said: “If you don’t love what you do, you won’t do it with much conviction or passion.” One of my personal favorites here is a quote on passion from a man who clearly had way more talent than he claims in his quote. He says: “I have no special talents. I am only passionately curious.” That was Albert Einstein. The passion you have for something really determines not only how successful you will be at it but also how far you’re willing to go to get to where you want to be. Think about that. If you missed our last episode, be sure to listen to New Construction Fourplexes in US Growth Markets. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How to Stay Inspired and Driven – John Lee Dumas It’s my pleasure to welcome John Lee Dumas to the show. John is the founder and host of Entrepreneur On Fire, a top ten business podcast that interviews today’s most inspiring and successful entrepreneurs, including Tony Robins, Barbara Corcoran, Tim Farris, Seth Godin, Gary Vaynerchuk and hundreds more. John, welcome to the show. Marco, my neighbor to the north, it is a pleasure to be here. It’s great having you on. I follow your stuff. You have great podcast.

How to Stay Inspired and Driven – John Lee Dumas | PREI 074

Mar 8, 2017 14:27

Description:

Welcome to Passive Real Estate Investing. I’m your host, Marco Santarelli. On today’s show, I was able to get John Lee Dumas on for about fifteen minutes. Now, it was a relatively quick and somewhat rushed interview but I was fortunate to get him on. He’s a very busy guy. He does a daily podcast with some of the most successful business entrepreneurs. If you’re in business, you can learn a lot from his show, although I have a lot of trouble keeping up with seven episodes a week.

One thing that came out of this interview with John is his passion and that’s one thing that came through. We talked about it for a little bit. It seems that as he failed in his journey, it was because of a lack of passion. As I look around at other people, I see that people who are just getting by or coasting in life seem to have lack of desire, lack of passion, lack of drive and their just not inspired. It blows me away. I used to think that it’s because people don’t actually write meaningful, smart, specific goals. But I think there’s more to it than that. I think it all starts with a desire and a passion to get something done or achieve or accomplish something greater.

It’s an interesting interview, as short as it is. But a few things about passion in itself, I had to look up the definition of passion and figure out what exactly does that mean. But really, passion is the energy that keeps us going. It fills us with meaning and happiness and excitement and anticipation. Passion is a powerful force, like energy. It motivates us and moves us in accomplishing anything that you set your mind to. This can be in work, in life. It helps you to enjoy life to the fullest extent possible. Ultimately, passion is the driving force behind success and happiness that allows us all to live better lives.

I love quotes. I should start more reading quotes actually. There are some really good quotes out there related to passion. From Benjamin Franklin, for example: “If passion drives you, let reason hold the reins.” Jean-Paul Sartre: “We must act out of passion before we can feel it.” That’s very interesting. Barbara Corcoran from Shark Tank: “You can’t fake passion.” T.S. Elliot: “It is obvious that we can no more explain our passion to a person who has never experienced it than we can explain light to the blind.” The famous singer Jon Bon Jovi said: “Nothing is as important as passion. No matter what you want to do with your life, be passionate.” Mia Hamm said: “If you don’t love what you do, you won’t do it with much conviction or passion.” One of my personal favorites here is a quote on passion from a man who clearly had way more talent than he claims in his quote. He says: “I have no special talents. I am only passionately curious.” That was Albert Einstein.

The passion you have for something really determines not only how successful you will be at it but also how far you’re willing to go to get to where you want to be. Think about that.

If you missed our last episode, be sure to listen to New Construction Fourplexes in US Growth Markets.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

New Construction Fourplexes in US Growth Markets | PREI 073

Mar 3, 2017 21:00

Description:

On today’s show, I talk to Steven, one of our providers at Norada Real Estate. They focus on brand new construction fourplexes in growth markets in the United States. He discusses this niche in detail, as well as the three main growth markets that they are working in. If you missed our last episode, be sure to listen to 10 Lessons Learned From 100 Successful Real Estate Investors. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed New Construction Fourplexes in US Growth Markets Welcome to Passive Real Estate Investing. I’m you’re host, Marco Santarelli. On today’s show, I want to bring you one of our great providers that we work with in several different markets around the United States. They have a particular niche. They focus on brand new construction fourplexes in growth markets in the United States. This is a great product for certain types of investors. I would let Steven explain that. I don’t want to steal any of his thunder. First, let me welcome you on the show, Steven. Thank you, Marco. It’s such a pleasure to meet with you. Thank you so much for taking the time to have me on your show. It’s my pleasure. I think this is great because the information that you’re going to share today about the three different markets that you’re in and the product that we’ve been selling to clients is going to be very beneficial because we can reach a wider audience and do it very effectively on the podcast. First and foremost, let’s start off with you for a few minutes here. Why don’t you share a little bit about yourself, where you came from and how you got involved with real estate and real estate investing? I started out as a full time student. I was going to university. I knew that I wanted to get into real estate. I got my real estate license back in 2007. One of the mentors that I met with gave me some really insightful advice. I live in a mountainous region. He said, “If you go to the top of the mountain and look down on your market, you now have a license to do something that impacts that place for good. You get to choose what’s the highest and best use of your time to do that.” That was my mindset the entire time I was in real estate. What can I do to make a difference? Not just get commissions. What can I do to make a difference in this industry? At the time when I was working with a builder, there’s plenty to compete with: a first time buyer, home builders, etc. you sit model homes. I didn’t have a flavor for that. I had no desire to sit in a model home and hear about people who wanted to change a room color or a flooring option or move a light fixture over three inches. That just didn’t do well with my brain type. At the time, there was a scarcity of a multi-family. I had investors that wanted to buy fourplexes, duplexes or eightplexes, etc. because of the ability to leverage decently and have one rooftop for more renters, rental sharing. There was very little available. I talked to this builder I was working with and said, “Why don’t we build them?” The very first product type we put out, I sent out an email just to my database saying, “We’re going to build this fourplexes. We had nine of them. They’ll be new construction. You’ve got to get your own construction loan because we’re not going to finance it for you. It’s a really good return. If you’re interested, let me know.” Within 30 days all nine had sold out. Nothing sold at that speed. It was when the market was down. We found that there was really a lot of demand for stable new construction fourplexes specifically. That’s how I got started in investment and since then had done about $250 million in ...

New Construction Fourplexes in US Growth Markets | PREI 073

Mar 2, 2017 21:01

Description:

On today’s show, I talk to Steven, one of our providers at Norada Real Estate. They focus on brand new construction fourplexes in growth markets in the United States. He discusses this niche in detail, as well as the three main growth markets that they are working in.

If you missed our last episode, be sure to listen to 10 Lessons Learned From 100 Successful Real Estate Investors.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

10 Lessons Learned From 100 Successful Real Estate Investors – Dan Lane | PREI 072

Feb 24, 2017 33:18

Description:

On today's show, I talk to Dan Lane, host of the Rental Income Podcast where he has interviewed to over 100 successful real estate investors. He has compiled 10 of his most important lessons learned from all of these interviews, and we go through each of them today. If you missed our last episode, be sure to listen to Rich Dad Poor Dad Book Summary. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed 10 Lessons Learned From 100 Successful Real Estate Investors – Dan Lane Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. It is said that mistakes are made but lessons are learned. One of my friends, Dan Lane, is a guy who has interviewed over 100 successful real estate investors. He always asks the questions that he should've asked when he got started investing in real estate. He's learned a lot of good things and has walked away with a lot of great takeaways. I asked him to come on the show today to share with us some of those, the top 10 lessons that he's learned. It's great to have him on the show to share that wisdom that has been accumulated by many people over many years and that can help you shortcut your path to success and avoid stepping on the same landmines that other people have had or to maybe just curtail and accelerate the speed at which you accomplish your goals. It's my pleasure to welcome Dan Lane to the show. Dan is an accidental landlord. He's also the host of the Rental Income Podcast, happens to be one of the podcasts I listen to on a regular basis. Dan wants to share his experiences and knowledge with you, our listening audience today. I'm excited about that because he has learned a lot from virtually 100 successful real estate investors that he's interviewed here over the last, I'm not sure how many years. With that, Dan, welcome to the show. Hey Marco, it's an honor to be here. Thank you so much for having me. I love your show too. It's a real thrill to be on with you. I'm happy to have you on. You sent me a list of lessons learn and I thought, "Wow, these are pretty good." They apply to different people in different ways, but there's something here for virtually everybody. I want to jump into those here in a couple of minutes. Let's start off with you, because it's always good to know who you are and where you came from. In your case, how you got involved in real estate accidentally. It's a great story. Please share that with us. When I graduated from college, I got a job in Corporate America. After a couple of years, I was making some money and I decided I was going to buy a property. I bought a house and I wasn't planning on having roommates. When word got out among my group of friends that I bought a place, I started having a lot of friends reach out to me to ask if they could rent a room and move in with me. I said, "Sure. Let's do it. This will be fun." When I started doing the math, I was realizing that I was going to be living there for free, that their rent was covering the mortgage. I was just in disbelief. Today, we have a term for that. We call it house hacking. At the time, I wasn't familiar with that concept. I just figured I had stumbled upon something that was really cool. Just as luck would have it, the market was also appreciating around that time. About two years later, I sold the house and I made about $100,000. It really worked out awesome that I lived there free and had this big pile of money. I was hooked. From that point, I wanted to do it again. I ended up getting my real estate license to learn more about real estate. When I became a realtor,

10 Lessons Learned From 100 Successful Real Estate Investors – Dan Lane | PREI 072

Feb 23, 2017 33:18

Description:

On today’s show, I talk to Dan Lane, host of the Rental Income Podcast where he has interviewed to over 100 successful real estate investors. He has compiled 10 of his most important lessons learned from all of these interviews, and we go through each of them today.

If you missed our last episode, be sure to listen to Rich Dad Poor Dad Book Summary.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Rich Dad Poor Dad Book Summary | PREI 071

Feb 17, 2017 23:16

Description:

On today's show, I will be giving you a summary of Robert Robert Kiyosaki’s Rich Dad Poor Dad book. This is a famous book that has been mentioned in past episodes several times, but just in passing. This book changed and influenced the lives of a lot of people, myself included. If you missed our last episode, be sure to listen to Ask Marco – Is It a Peak Market? | When Should I Buy? | Avoiding Failures. Enjoy the show! –  –  –  –  –  –  –  –  –  –  –  –  –  – Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Rich Dad Poor Dad Book Summary Welcome to Passive Real Estate Investing. I’m your host, Marco Santarelli. On this episode, I want to talk about a very famous book, Rich Dad Poor Dad. I want to make a book summary here. If you’ve read the book, even if you’ve read the book more than once or you’re familiar with the book, I still suggest listening to this episode because we learn through repetition. You might catch a lot of things in your first run-through with the book but it’s not until you listen to something or read something a second or third time that you catch things you missed the first time, and you catch some new ideas that connect and gelled with new knowledge that you have in your head. It's always good to hear things a second or third time, because often you’ll catch new ideas and see things in a new perspective. Rich Dad Poor Dad was a book that really affected me and opened my eyes because when I was reading that book, I literally cannot put it down. I was just so drawn into it. I was on a train ride from Rome to Florence, Italy at the time. With this beautiful countryside whizzing by on both sides of the train, it was more important to me to read the Rich Dad Poor Dad book than it was to look out the window of the train and admire and take in the beautiful scenery. I was focused. The nice thing about Rich Dad Poor Dad is that the book summarizes Robert Kiyosaki’s lessons learned from two different perspectives, that of a poor man and that of a rich man. Drawing on his own experiences, Robert Kiyosaki discusses how he creates financial independence through investing and property ownership and building businesses. In his book, he says, “Look around, the richest people didn’t get rich because of their education. You look at Michael Jordan or Madonna, even Bill Gates who dropped out of Harvard and founded Microsoft, he’s now the richest man in America and he’s still in his 30’s.” That was back then, keep in mind this was twenty years ago. The point he’s trying to make is that, getting a good education and making good grades no longer ensures you success. Nobody seems to have noticed this. He talks about two perspectives, and they’re very subtle but they’re two different perspectives. He says one is, “The love of money is the root of all evil,” but then he also says, “The lack of money is the root of all evil.” I tend to believe the latter. I come from the camp that a lack of money is the root of all evil because if you have enough money, cash, then you can resolve your issues and you can be charitable and help other people with their issues. I think if you have that lack mentality, it’s really more of a poor and middle class type of perspective. It’s not a perspective of abundance. One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents. What can a poor parent tell their child about money? Money is not taught in schools, unfortunately. Schools focus on scholastics and professional skills, but not on financial skills. This is very true to this day.

Rich Dad Poor Dad Book Summary | PREI 071

Feb 16, 2017 23:17

Description:

On today’s show, I will be giving you a summary of Robert Kiyosaki’s Rich Dad Poor Dad book. This is a famous book that has been mentioned in past episodes several times, but just in passing. This book changed and influenced the lives of a lot of people, myself included.

If you missed our last episode, be sure to listen to Ask Marco – Is It a Peak Market? | When Should I Buy? | Avoiding Failures.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Ask Marco – Is It a Peak Market? | When Should I Buy? | Avoiding Failures | PREI 070

Feb 3, 2017 20:06

Description:

On today's episode I take some listener questions related to market timing and a "peak" market.  I also discuss the best time to buy rental properties, and how to avoid making mistakes leading to investment failures. If you missed our last episode, be sure to listen to What To Expect When Buying A Turnkey Rental Property. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed

Ask Marco – Is It a Peak Market? | When Should I Buy? | Avoiding Failures | PREI 070

Feb 3, 2017 20:06

Description:

On today’s episode I take some listener questions related to market timing and a “peak” market. I also discuss the best time to buy rental properties, and how to avoid making mistakes leading to investment failures.

If you missed our last episode, be sure to listen to What To Expect When Buying A Turnkey Rental Property.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

What To Expect When Buying A Turnkey Rental Property | PREI 069

Jan 18, 2017 53:14

Description:

On today’s show, I have one of my senior investment counselors, Steve. And we will talk about what to expect when buying a turnkey rental property. We answer a lot of frequently asked questions here. All of our clients, whether they’re new or fully seasoned investors, have certain questions and expectations. They all want to know what the next step is, what to do at a certain point, what to do in certain situations, and how to move the deal along. We have certain answers for all these situations.

Turnkey Rental Property Investments | What You Need to Know

In this article:

Turnkey Real Estate Investing Basics hat Real Estate Investors Need to Do What is a Turnkey Property? Appraisals in Turnkey Real Estate Investing Inspections and What to Expect with Them Three Types of Repairs Turnkey Investment Properties and Repairs Turnkey Property Investment Closing Timeline How to Communicate with Service Providers What to Expect with the Lease Status of a Turnkey Investment Property How to Select a Turnkey Property Investment Your Responsibilities as a Turnkey Property Investor What Does a Real Estate Investment Counselor Do? How Norada Real Estate Gets Compensated Turnkey Real Estate Investing Basics

Turnkey investment properties aren’t a set-and-forget kind of deal. Some people think they can “flip” a rental property and have it move-in ready after a week of repairs. That’s not always true. Turn-key real estate is a long-term investment. It’s for those looking to build their passive income over time. If you want to keep things smooth, you’ll have to learn how to build a long-term relationship with appraisers, inspectors, turn-key property management firms, and other providers.

What Real Estate Investors Need to Do

New real estate investors think they don’t have to do anything to make passive income. That couldn’t be any less true. When you’re looking at turn-key property, you need to understand that you have responsibilities as an investor. This is the key to generating real wealth in real estate.

 

In this episode, we’ll talk about your expectations as a turnkey property investor. We’ll also discuss your roles and responsibilities. And we’ll  talk about the best ways for you to engage with a turnkey company to help you make the most out of your investments.

If you missed our last episode, be sure to listen to How Trump’s Presidency Could Affect Real Estate Investing.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How Trump’s Presidency Could Affect Real Estate Investing | PREI 068

Jan 13, 2017 39:08

Description:

In less than two weeks, we have president-elect Donald Trump taking over the Oval Office. What will that mean to us? How is that going to change the environment? How will Trump's presidency affect real estate investing? On today's episode we talk with Greg Rand about how Trump's presidency might affect the real estate investing industry. If you missed our last episode, be sure to listen to 5 Mindset Myths That Are Killing Your Wealth Potential. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How Trump's Presidency Could Affect Real Estate Investing Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. I want to give a shout out to all of you listeners out there in 152 countries. Thank you for being a listener. It's going to be an exciting year this year, 2017. Granted, there is a lot of change going on around the world, especially here in the US. What will 2017 bring, especially for us real estate investors and people who just follow the real estate environment? Today, I want to bring on a guest who I've known for a while and I keep bumping into him here and there. He's an author and a real estate guru of sorts. His name is Greg Rand. He's written a great book. He likes to look at real estate through the policy, political and economic and environmental lens. He has an interesting perspective on things. I think you're really going to enjoy today's episode. In less than two weeks, we have president-elect Donald Trump taking over the Oval Office. What will that mean to us? How is that going to change the environment? I really don't know. I don't think anybody really knows because I've always said that Donald Trump, although he has a lot of great business and marketing qualities, he's also a wildcard. There's a lot of uncertainty about this new political regime that's coming into Washington. At the same time, he's a guy who really understands a lot of things about business. I don't know. You got to look at the tax structure that we have in place and what that could potentially change into. There are predictions out there that home prices will go up. There are comments and suggestions that he will make industry friendly policy changes that will improve, not only the economy in general, but real estate more specifically. One of those big things that are just floating out there and have been for a long time is the whole Dodd-Frank Act. It's a bill that is just jam-full of regulation. If Trump gets in and he is true to his word and minimizes the amount of regulation centered around this Dodd-Frank Bill, that will probably ease up on the capital flow. There will be more capital available for real estate projects, specifically for commercial. That will flow into many areas of the economy. If Trump is successful in creating domestic jobs and bringing jobs that have been moved offshore back into the US, then theoretically that should be good for our economy and good for commercial real estate and good for residential real estate and good all around. I am politically agnostic and I do not believe that governments create jobs. They sure know how to raise capital through taxation, through inflation and guess what, then they redistribute that into areas that they want to put it into, social programs, infrastructure, whatever else, military. Time will tell. This will be a very interesting year. It'll be a very interesting four years with Trump in office. I am going to keep a close eye on the economic landscape and the housing market and just see how that plays out. Because at the end of the day, I can't control the global economy and neither...

How Trump’s Presidency Could Affect Real Estate Investing | PREI 068

Jan 12, 2017 39:08

Description:

In less than two weeks, we have president-elect Donald Trump taking over the Oval Office. What will that mean to us? How is that going to change the environment? How will Trump’s presidency affect real estate investing?

On today’s episode we talk with Greg Rand about how Trump’s presidency might affect the real estate investing industry.

If you missed our last episode, be sure to listen to 5 Mindset Myths That Are Killing Your Wealth Potential.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

5 Mindset Myths That Are Killing Your Wealth Potential | PREI 067

Jan 6, 2017 49:56

Description:

Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses. On today's episode we talk about the factors that make up a good market for your investment dollars.

5 Mindset Myths That Are Killing Your Wealth Potential | PREI 067

Jan 5, 2017 49:57

Description:

Today, we’re going to talk about five of the most common myths, mindset myths that are holding us back. You might not even realize that you believe certain things or are not doing what you should be doing because of this deeply ingrained, indoctrinated belief system that we have.

On today’s episode we want to talk about some myths that are holding you back and killing your wealth potential.

If you missed our last episode, be sure to listen to How to Choose the Best Market for Your Real Estate Investment.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Choose the Best Market for Your Real Estate Investment | PREI 066

Dec 16, 2016 22:51

Description:

Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses. On today's episode we talk about the factors that make up a good market for your investment dollars.

How to Choose the Best Market for Your Real Estate Investment | PREI 066

Dec 14, 2016 22:51

Description:

Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses.

On today’s episode we talk about the factors that make up a good market for your investment dollars.

If you missed our last episode, be sure to listen to A Wealth Capture Machine.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

A Wealth Capture Machine – M.C. Laubscher | PREI 065

Dec 2, 2016 44:39

Description:

On today's episode we speak with M.C. Laubscher about a not-so-new concept of how to be your own bank. M.C. Laubscher is a wealth strategist, educator, and financial freedom fighter. He is the founder and president of Valhalla Wealth Financial.

A Wealth Capture Machine – M.C. Laubscher | PREI 065

Dec 2, 2016 44:40

Description:

On today’s episode we speak with M.C. Laubscher about a not-so-new concept of how to be your own bank.  M.C. Laubscher is a wealth strategist, educator, and financial freedom fighter.  He is the founder and president of Valhalla Wealth Financial.

If you missed our last episode, be sure to listen to Leveraging Hidden Assets.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Leveraging Hidden Assets | PREI 064

Nov 25, 2016 20:45

Description:

On today's episode we talk about some of the hidden assets you may not be aware of, and how you might be able to put them to better use and get a higher yield. It's a quick episode but a topic an important topic to consider.

Leveraging Hidden Assets | PREI 064

Nov 24, 2016 20:45

Description:

On today’s episode we talk about some of the hidden assets you may not be aware of, and how you might be able to put them to better use and get a higher yield. It’s a quick episode but a topic an important topic to consider.

If you missed our last episode, be sure to listen to How to Pay Less in Taxes.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Pay Less in Taxes – Amanda Han | PREI 063

Nov 18, 2016 45:52

Description:

If you want to succeed in real estate, your tax strategy will play a HUGE role in how fast you grow. A great tax strategy can save you thousands of dollars a year — and a bad strategy could land you in legal trouble. On today's episode we discuss some ways to maximize your tax deductions, Little known secrets to take control of your retirement money, clever ways to write off your kids, and so much more. If you missed our last episode, be sure to listen to the Maverick Mistakes in Real Estate Investing. Enjoy the show! - - - - - - - - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed How to Pay Less in Taxes – Amanda Han and Matthew MacFarland Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. Today we've got what might be perceived as a boring topic, and that is about taxes. But remember that taxes are your biggest expense throughout your lifetime. Not only do you need to choose your income wisely because your income, depending on how you generate it, will be taxed at different rates. But if you invest wisely, like with real estate for example, you can have some of the best tax breaks available through the IRS code in the United State. See, the more you earn through your job or through your business, the more you're going to get taxed. But the system is actually set up in a way that actually punishes people who earn employment income. This is your W9 and, to some degree, your 1099 income. It is designed to reward business owners and investors. Real estate, rental real estate, income producing real estate, falls in that I quadrant. That's all about investing. Wage income not only requires hard work but it gets taxed at a very high rate and on top of that, you have to pay what are known as FICA taxes, which have to do with your Medicare. It's just not the best way to protect yourself from the taxes that will erode and eat away at every paycheck. How do you protect yourself? The best way is through rental real estate, income producing real estate. Why is that? Because it has many tax advantages, especially over wage income. You got this capital gains rates that, on real estate, caps out at 15%. Now, that's assuming you've held a property for a minimum of twelve months, but you compare that 15% federal tax rate on the capital gains to the 35% or so that you would be charged on wage income. There's a huge difference right then and there. On top of that, you have state taxes, and then on top of that, some states even have further discounts on those capital gains income. It really adds up. Remember that capital gains requires that you hold the property for a minimum of twelve months. This does not apply to flippers. Unfortunately, if you're wholesaling and flipping property, you lose out on this capital gain benefit. Now, there's also that 1031 exchange, which is basically a way for you to roll your profits over from one rental property into another and defer those taxes. You could potentially defer indefinitely. Your tax basis in doing so actually just rolls from one property to another to another. This is the great thing about the 1031 exchange, it's a tax deferred exchange. Now, there are some rules you have to follow. You have to close within 180 days and you have to identify those properties within 25 days. We've actually talked about this in a previous episode not too long ago. You can go back and listen to that to figure out how this all works. Rental real estate, income real estate, also provides you an interest deduction. You see, you get to actually deduct the interest you pay on your debt. The beautiful thing about that is it lowers your taxable income.

How to Pay Less in Taxes – Amanda Han | PREI 063

Nov 18, 2016 45:53

Description:

If you want to succeed in real estate, your tax strategy will play a HUGE role in how fast you grow.

A great tax strategy can save you thousands of dollars a year — and a bad strategy could land you in legal trouble.

On today’s episode we discuss some ways to maximize your tax deductions, Little known secrets to take control of your retirement money, clever ways to write off your kids, and so much more.

If you missed our last episode, be sure to listen to the Maverick Mistakes in Real Estate Investing.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Maverick Mistakes in Real Estate Investing – Damion Lupo | PREI 062

Nov 4, 2016 48:24

Description:

Born with an entrepreneurial spirit Damion started his first business at age 11, has started 30 since then, and is the published author of 5 books. Damian paid for his first rental house with a VISA, then over next 5 years bought 150 houses across 7 states, and went through a $20,000,000 meltdown in 2008. Damian’s personal philosophy combined with a love of financial markets and money psychology drove him to start the Austin-based financial-tech company, Total Control Financial in 2016. His aim was to disrupt wall street and empower main street. On today’s episode we discuss some of the messes and misfortunes Damion made as a real estate investor. What can we learn from his experience? Let’s find out, and enjoy our other interesting tangents of discussion. If you missed our last episode, be sure to listen to the Ask Marco: Asset Protection, Holding Title, Closing Dates. Maverick Mistakes in Real Estate Investing – Damion Lupo Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. As you know, this is the show where busy people like you learn how to build substantial passive income and create wealth for the long term. On today's show, I wanted to bring on a guest who I find rather interesting because he has been very, very successful in real estate in years past. But then, has also learned from a lot of messes and misfortunes. I'm hoping that he can share some of those lessons in maverick mistakes in real estate investing with us today. I guess, us, as investors, if we can learn from other people's successes and other people's mistakes, it will just spring board our success and it will shorten or compress the length of time that it takes for us to get to where we want to achieve those investment goals. My guest today is Damion Lupo. He is born with an entrepreneurial spirit. Damion started his first business at the age of eleven. He's started 30 since then. He is the published author of five books. Damion paid for his first rental house on a Visa, of all things. Then, over the next five years, bought 150 houses across seven states. Then he went through a $20 million meltdown in 2008. Damion's personal philosophy combined with a love of the financial markets and money psychology drove him to start his Austin based financial tech company, Total Control Financial in 2016. His aim was to disrupt Wall Street and empower the Main Street, which I just love. Damion, welcome to the show.  Hey, Marco. It's awesome to be here. Thanks for having me. It's my pleasure. Before we get into meat and potatoes here, I have a curiosity thing. I took martial arts for many, many years. In my earlier years, I spent many years studying Judo and then I spent years in Aikido and Hapkido, which is a Korean version of the martial art. Apparently, you have three black belts and you created your own martial art, called Yokido. I was wondering if you could maybe tell me a little bit about that, because I'm very curious. Definitely. I started Aikido about the same time I started my real estate investing. Actually, it was the same year. Over the next decade and a half, I ended up with three different black belts in Aikido or versions of Aikido. At some point, about five or six years ago, I started studying yoga and realized there was such powerful component of yoga, with breath work and core, strength that could really be brought into the Dojo, the martial arts space. And empower people to use their breath, which is so important that gets left out often times, and infusing things like the meditative aspects of yoga and bring that in so that people could be more powerful simply by breathing correctly. This was a good bridge for women that loved yoga and really wanted to feel comfortable walking around. Especially with Aikido, if they saw there was a gentle way to take yoga and bridge into self defense, they could have a different experience showing up in the world and living without fear of ...

Maverick Mistakes in Real Estate Investing – Damion Lupo | PREI 062

Nov 3, 2016 48:25

Description:

Born with an entrepreneurial spirit Damion started his first business at age 11, has started 30 since then, and is the published author of 5 books.

Damian paid for his first rental house with a VISA, then over next 5 years bought 150 houses across 7 states, and went through a $20,000,000 meltdown in 2008.

Damian’s personal philosophy combined with a love of financial markets and money psychology drove him to start the Austin-based financial-tech company, Total Control Financial in 2016. His aim was to disrupt wall street and empower main street.

On today’s episode we discuss some of the messes and misfortunes Damion made as a real estate investor. What can we learn from his experience? Let’s find out, and enjoy our other interesting tangents of discussion.

If you missed our last episode, be sure to listen to the Ask Marco: Asset Protection, Holding Title, Closing Dates.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Ask Marco: Asset Protection, Holding Title, Closing Dates | PREI 061

Oct 7, 2016 23:47

Description:

On today's episode we respond to some listen questions about asset protection and how I like to structure my asset protection plan.  As well as how to hold title and use a client as an example scenario.  And a quick look at closing dates and what to expect in practice. If you missed last week's episode, be sure to listen to the Listener Questions / Jacksonville Update. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Ask Marco: Asset Protection, Holding Title, Closing Dates I want to apologize for missing last week. I was very, very busy. In fact, we've all been very busy around here lately. This has just been an unbelievable year in terms of investor interest and sales. We recently hired a new transaction coordinator. I think she's been with us for three or four months. Lately, we've been in the process of finding a new investment counselor and we are now in the process of onboarding her and doing some training. It just never ceases to end, how busy things are around this country in terms of real estate and how busy we've been. A lot of that is thanks to you guys. For all you, past, current and future clients, we want to thank you very much. We appreciate your business. We love working with you and we love helping you and we love educating you. Keep up the good work. Don't lose the momentum. There are still lots of great deals to be found and we have a lot of those on our website. Even though inventory is tight and it moves quickly, we see a very big velocity in the number of properties being turned over, but they are there. A question for you, in your opinion, do you think the stock market is hugely overvalued? Obviously, there's a little bias in that question. I do. I think the stock market is irrationally high. I think that's the reason why we are so busy. I think there's a lot of investors who are coming to the realization that the stock market is overvalued and has had a long, long bull run. Some people I think are smart enough to start pulling some of those chips off the table and taking that cash and redeploying it into other areas, other assets. Some people might be sitting on the sidelines in cash, other people are investing those funds into hard assets. One of the best hard assets out there you can invest in is obviously income producing rental properties. What do you think? I'd like to know. I personally think the stock market is heavily overvalued. One of the metrics or indicators that people look at is the PE ratio, the price to earnings ratio. This is a valuation indicator that is probably the most quoted in the financial media. Nevertheless, according to that data, which by the way, I believe is compiled by Yale-Shiller. It is the index that was put together by Robert Shiller of the famous Case-Shiller index. Based on the standard estimates for the second quarter of this year, that ratio currently stands at 25.2 to 1. If that doesn't mean anything to you, let's look at it this way. A “normal” range is often in the 12-15 to 1 ratio. At least historically, that's what we've seen is being "normal." Realize this, that number is higher than 89% of the past bull market peaks. Where we stand today in the stock market, we are above where we have been at our peak in 89% of the past bull market peaks. You decide. I always tell people to not be heavily vested in the market. That's not financial advice, that's just me and my opinion and how I feel about it. At the end of the day, these valuation indicators are only so helpful. You need to use some common sense and rationality here and look around at other things. Overvalued markets,

Ask Marco: Asset Protection, Holding Title, Closing Dates | PREI 061

Oct 7, 2016 23:48

Description:

On today’s episode we respond to some listen questions about asset protection and how I like to structure my asset protection plan. As well as how to hold title and use a client as an example scenario. And a quick look at closing dates and what to expect in practice.

If you missed last week’s episode, be sure to listen to the Listener Questions / Jacksonville Update.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Listener Questions / Jacksonville Update | PREI 060

Sep 22, 2016 34:41

Description:

On today's episode we briefly revisit Jacksonville, Florida to look at some new pre-construction investment opportunities. I also answer several listener questions about getting started, property tax rates as an out-of-state investor, and whether a cash-out refinance on a principal residence makes sense. If you missed last week's episode, be sure to listen to the Market Spotlight: Little Rock, Arkansas. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Listener Questions / Jacksonville Update On today's show, we're going to cover two things. One, we're going to have Brian back on the show here to give us a quick Jacksonville update. He’s got some new construction opportunities in the Jacksonville market, which I think you might be excited about. Then I have three great questions that have come in recently from our listeners. I'm going to cover that here right after we talk to Brian. It's my pleasure to welcome back one of our Jacksonville providers. I have Brian on the line here who wants to give us an update on the Jacksonville market. More importantly, he wants to give us an update on an exciting new construction project that he has going on. Brian, welcome back. Thanks so much for having me Marco. It's good to hear your voice. Thanks for coming back on the show for a quick update on the Jacksonville market. That's a good place to start, Brian. Let's talk about what has transpired since episode number 21, where we did an entire episode with you on the Jacksonville market and we talked about not only what's going on there, but the product type that you are producing as far as turnkey rental properties. What has changed since then? If you want, just highlight some of the things you talked about in the past that would make good highlights for new listeners. To revisit just very briefly for the listeners, we started investing in single-family homes and foreclosed property in particular back in '98 in Bakersfield. That, at the time, had a third of the foreclosure activity in the state of California. We saw it as a huge opportunity. We went in there pretty green and made some mistakes in the beginning and very quickly built a really good team. From '98 to '04, we built up a portfolio of a couple hundred homes. Most of the listeners know what happened in California between '04 and '06. We were fortunate enough to start liquidating in '04 and we sold every home that we owned in California between '04 and '06. We made a really good play there and made millions of dollars fairly quickly and then moved a lot of the resources and the capital into Jacksonville. Timing wasn't the best to do that in '06 and '07 and Florida was not the best place to be placing capital. We realized that very quickly and then backed off 2008 to 2011 when Jacksonville bottomed out. Then 2011, fast forward to today, we came back into the market slowly in '11 and since have built up a good sized portfolio. We're right around 170 homes and providing a lot of turnkey investments for investors like yourself. An update on Jacksonville, since we spoke last, Marco, which was only about a year ago, honestly, nothing has radically changed. Obviously, the fundamentals are what they are. Really just to focus and give you an update on the timing in the market and where we're at this cycle, we are still moving through recovery in a buyer's market, in my opinion, in our niche in Jacksonville. Obviously a year ago, there was more inventory. We definitely have felt the pinch of inventory in our bread and butter solid working class neighborhoods in Jacksonville. When you and I spoke in episode 21,

Listener Questions / Jacksonville Update | PREI 060

Sep 22, 2016 34:42

Description:

On today’s episode we briefly revisit Jacksonville, Florida to look at some new pre-construction investment opportunities.

I also answer several listener questions about getting started, property tax rates as an out-of-state investor, and whether a cash-out refinance on a principal residence makes sense.

If you missed last week’s episode, be sure to listen to the Market Spotlight: Little Rock, Arkansas.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Market Spotlight: Little Rock, Arkansas | PREI 059

Sep 15, 2016 34:08

Description:

On today's episode we take a look at the great "under the radar" market of Little Rock, Arkansas. Little Rock has a great economy, and terrific number in terms of purchasing and rates of return.  It's also one of the most landlord friendly states in the country with average eviction times of only 21 days! Why invest in Little Rock, AK? What is the local economy like? What is the local housing market like? What is the local rental market like? What are the typical turnkey rental properties like in Little Rock?   If you missed last week's episode, be sure to listen to the Investing in Turnkey Properties — My Journey, Setbacks and Advice. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Market Spotlight: Little Rock, Arkansas Today, we have an exciting show for you because it's another market spotlight. The market I'm talking about was ranked the fourth strongest economy in the US by Business Week in 2013. This market that I'm talking about has been under the radar. It is a gem that most investors don't know about or even talk about. Those that know about this market are doing extremely well there. The market I'm talking about is Little Rock, Arkansas. On today's show, I have two of the principals of the company that we have a relationship with and do work with down in Little Rock. They are our provider of course. They're going to be here with us today to talk about the market and why it makes such a great market to invest in, why invest there, what the economy and the housing is like, the types of investment properties that are available there. Although they are in somewhat short supply, we have a revolving inventory. It is fairly consistent and we will have something for everybody if this is a market that is of interest to you. It's my pleasure to welcome Jeremy and Brian to the show. Jeremy and Brian are two of the principals and partners of our Little Rock, Arkansas provider. Jeremy has a background as an Electronics Engineer and is a full-time real estate entrepreneur. He owns and manages a portfolio of his own properties. Brian, his partner, is a lifetime native of Little Rock and owns 27 properties out there. Guys, welcome to the show. Thanks, Marco. This is a little overdue because we have been keeping our eye on the Little Rock, Arkansas market. It really is under the radar. I wanted to get you on today to talk about it. This is going to be our market spotlight. We're going to start pushing some inventory. Let's begin by you telling us a little bit about yourselves and how you got involved in real estate. Maybe Jeremy, we could start with you. I got started in real estate about ten years ago. Again, I come from the corporate world, nine years of experience in the semiconductor industry. I started buying rentals in Memphis, managing them, going through the process of learning how to be an investor, got involved through a local area and met my current partner in Memphis. We started building a company there. Through a mutual connection on his end, we met, we hooked up with Brian in Little Rock and started business there about three years ago. That's how things got started. Brian, of course, has been investing in Little Rock for about twenty years. He's a lifetime native. In the last two or three years, we've just seen extraordinary growth in the Little Rock market. Brian, what about you? I've been investing here since 1997. I became an accidental landlord. It worked out. I bought another property and networked out and bought another property. I'm self-taught from the school of hard knocks for the last twenty years in real estate ...

Market Spotlight: Little Rock, Arkansas | PREI 059

Sep 14, 2016 34:09

Description:

On today’s episode we take a look at the great “under the radar” market of Little Rock, Arkansas.

Little Rock has a great economy, and terrific number in terms of purchasing and rates of return. It’s also one of the most landlord friendly states in the country with average eviction times of only 21 days!

Why invest in Little Rock, AK? What is the local economy like? What is the local housing market like? What is the local rental market like? What are the typical turnkey rental properties like in Little Rock?

 

If you missed last week’s episode, be sure to listen to the Investing in Turnkey Properties — My Journey, Setbacks and Advice.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Investing in Turnkey Properties — My Journey, Setbacks and Advice | PREI 058

Sep 8, 2016 21:42

Description:

On today's episode I share my journey investing in rental real estate from my early start at the age of 18, through my trials and tribulations, to where I am today.  We should all learn from our past experiences, good and bad, because they provide us knowledge and the wisdom to improve and do better as we go. Regardless of where you are in your investing journey, I encourage you to listen in, and feel free to share your story with us. If you missed last week's episode, be sure to listen to the Indianapolis Update and Listener Questions. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Investing in Turnkey Properties -- My Journey, Setbacks and Advice Today, I wanted to talk about the concept of investing in turnkey properties. Investors sometimes ask me, “If I had to go back and do it all over again, what would I do different? What did I learn?” Really, it's just about the journey of where I started and how I got to where I am. People just want to know where I started and how I got to where I'm at. If I was to just rewind the clock and tell you where I started, I was only eighteen years old when I bought my first investment property. I have to tell you, at that time, it was an exciting time and a scary time. In fact, I had never read a book or taken a course on real estate up to that point. I only really had experience in rental properties through helping my parents, aunts and uncles renovate a single property they bought as a group when I was in my early teens. It really was a family project, and it really was the only rental property that they ever bought and fixed up. It was more daunting and more work than they anticipated, so it ended up taking weeks to get done. It was a job that was done in evenings and on weekends because everybody had a full-time job, we were in school so it was really a side project, if you will. My first investment property was a rundown, two-story townhome that needed a decent amount of work and upgrading. I was able to purchase it with financing because the lender considered the property to be livable and I qualified for the financing because I was employed for over two years with a good paying job and it was a part time job. I then hired my uncle who was a general contractor. With the help of my immediate family for some of the demolition, we jumped in to get the property cleaned, upgraded and prepared to lease. That project probably took a couple of weeks. I recall running an ad in the local paper. Remember back then, there were no iPhones and there was no internet so it was the newspaper or you stuck a sign in the yard. I would have people come by the property to fill out applications while we continue working on the property inside. I had absolutely no experience in screening tenants. I'm sure I relied on my gut feeling at least as much what they wrote on their applications. I kept that property and managed it for probably a few years before I decided to sell it. I made a nice profit on it. All in all, it was a very good experience and one that I can look back and reflect on. The property was local to me. The price was right and I was ambitious enough to literally jump in and just do it. My biggest regret though with that first property was selling it. Over time, the market value exceeded ten times the price I originally paid for it. I can't imagine what the cashflow would be like today if I had kept it. It probably would be free and clear. I would be raking in, who knows? I would have to imagine that that property rents for $2,500 to $3,000 a month right now. Anyway, I had a lack of strategy. Fast forward to 2003,

Investing in Turnkey Properties — My Journey, Setbacks and Advice | PREI 058

Sep 8, 2016 21:42

Description:

On today’s episode I share my journey investing in rental real estate from my early start at the age of 18, through my trials and tribulations, to where I am today. We should all learn from our past experiences, good and bad, because they provide us knowledge and the wisdom to improve and do better as we go.

Regardless of where you are in your investing journey, I encourage you to listen in, and feel free to share your story with us.

If you missed last week’s episode, be sure to listen to the Indianapolis Update and Listener Questions.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Indianapolis Update and Listener Questions | PREI 057

Aug 25, 2016 41:23

Description:

On today's show we speak with one of our local Indianapolis market experts and property provider about the growth and opportunities in the Indianapolis market.  We have some news and updates from our Indianapolis market spotlight early this year. I also answer several listener questions, and talk about leveraging your existing equity to build a larger portfolio with more cash flow. If you missed last week's episode, be sure to listen to Pros and Cons of Rehabbing and Flipping – Matty Aitchison. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Indianapolis Update and Listener Questions On today’s show, I wanted to focus on Indianapolis again, but this is not a market spotlight per se. It’s really just another update on the market and what has been going on because we have had some changes there. Although Indianapolis is a perennial market for us, we've been there for probably ten years, if not longer. We have had some changes there. We've brought in a couple of new providers that we've been working with for about a year or more, and things have been going very, very well, clients are very happy, we've had many people fly out there to visit with our team; kick the dirt, see properties, see neighborhoods. They're always very impressed. I thought, “Let’s just take another look at the Indy market and bring one of our providers on. Today, I’m going to bring on a gentleman by the name of Josh. He is one of the team members that we work with out there, who manages a large team of people. Josh, welcome to the show. Thanks, Marco. I appreciate you having me today. I’m happy to have you on because I think it’s a good time to take a quick look at Indy again. Like I had said, it’s a perennial market. The numbers always seem to make sense there. There’s a constant flow of inventory, which I think is very important. Before we jump in to asking that all-important question of why invest in Indianapolis, why don’t you tell our listeners a little bit about yourself and your partner, Scott, and how you guys got involved in real estate? Scott and I worked together at a firm in the late ‘90s. It was our first experience together. We managed a high volume of investment property, generally distressed sale managements. We were acquiring properties all over the state, more of a C class or inner city-type property situation rather than what we focus on today. We did it at pretty high volume. We had probably at one point in time, over 500 properties under management. We were acquiring somewhere in the neighborhood of 20 to 40 properties a month. It was just a different time, different market than it is today. We found that it wasn’t as reliable and as certain as what we’re hoping for. That was when we first got together. We had been working together in various different operations over several years. We all know what happened in 2008. Everything went sideways in most markets. Indianapolis, it had an issue, but we didn’t really have it as it affects nationwide. We definitely had increased amount of foreclosures. That’s what I spent my time focusing on. We managed properties for Fannie Mae, Freddie Mac, HUD, Chase, all the big firms. We really focused on the management and sales side of that for probably about eight years. My partner, Scott, was building this company where there was a defined need in around 2010 for turnkey investment property providers. There was just a lot of interest in people, in our market, looking to purchase quality investment properties. There were very little providers out there that actually knew the market, had the systems in place and were able to produce it o...

Indianapolis Update and Listener Questions | PREI 057

Aug 25, 2016 41:23

Description:

On today’s show we speak with one of our local Indianapolis market experts and property provider about the growth and opportunities in the Indianapolis market. We have some news and updates from our Indianapolis market spotlight early this year.

I also answer several listener questions, and talk about leveraging your existing equity to build a larger portfolio with more cash flow.

If you missed last week’s episode, be sure to listen to Pros and Cons of Rehabbing and Flipping – Matty Aitchison.

Enjoy the show!

 

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Pros and Cons of Rehabbing and Flipping – Matty Aitchison | PREI 056

Aug 18, 2016 47:19

Description:

Matty Aitchison is a millennial entrepreneur, real estate investor, and wealth building evangelist who has had great success following his turbulent start.  Ranked in the Wall Street Journal’s Top 1000 for real estate teams nationwide, Matt has personally flipped over 100 houses in 5 years, and now passionately mentor others on their journey of unlocking a rich and fulfilling life. Listen in as Matty and I discuss the pros and cons of rehabbing and flipping properties. If you missed last week's episode, be sure to listen to The Four Real Estate Market Cycles. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   Pros and Cons of Rehabbing and Flipping - Matty Aitchison It's my pleasure to welcome Matty Aitchison to the show. Matty is a millennial entrepreneur, real estate investor and wealth-building evangelist who has had great success following his turbulent start. Ranked in the Wall Street Journal's Top 1000 for real estate teams nationwide, Matty has personally flipped over 100 houses in five years and now passionately mentors others on their journey of unlocking a rich and fulfilling life. Matty, welcome to the show. It's a pleasure to be here, Marco. Thanks for having me, man. My pleasure to have you on the show. You have an interesting background. You're a relatively young guy. If I'm not mistaken, I think you're in your late 20s, is that true? That's correct. Again, another millennial. I think you're the second or third millennial I've had on the show here in the recent past. You guys not only intrigue me, but you guys inspire me. You have an interesting background, Matty. Why don't we start off by you telling us about yourself and your background? I'm from Sacramento, California and born and raised here. I was heavily into sports. It's funny, a lot of people ask me, "How did you get into real estate investing?" I go back to when I was twelve, thirteen, fourteen. My mom, who was always worked in corporate America her whole life, was going to those guru flipper seminars and she would take me with her. At a young age I was exposed to this idea of real estate investing being this vehicle for wealth building and had the ability to put no cap on your income. You had the freedom to be your own boss. You could add value to communities and people in that space. It had always been in the back of my head. I actually got into trouble a little bit in school, as most teens often do, and I was expelled from high school. I went on to go to UC Santa Barbara for college. In my first year in college, I actually got arrested for the exact same thing that got me expelled from high school. That was my fork in the road, my “oh shiz” moment, I like to call it of thinking, “Man, what am I doing with my life?” The direction that I said I wanted to go in was not being backed up by my actions. My video and the things that I was doing was not matching my audio and the things that I was saying and telling people that I wanted to accomplish. I had a big reflection time at that point in my life. I remember my dad actually spoke some great wisdom to me at that point in my life where I could have gone in a really wrong direction. He said, “Your rear view mirror is there for a reason and I want you to look at this as an opportunity to say your past doesn't have to equal your future." I decided to keep my focus on the windshield and the vision but also kept in mind the rear view mirror, keeping me aware of what was behind me but what led me to where I was currently at. I decided to start living an intentional life. I really started pouring into myself with personal dev...

Pros and Cons of Rehabbing and Flipping – Matty Aitchison | PREI 056

Aug 18, 2016 47:20

Description:

Matty Aitchison is a millennial entrepreneur, real estate investor, and wealth building evangelist who has had great success following his turbulent start. Ranked in the Wall Street Journal’s Top 1000 for real estate teams nationwide, Matt has personally flipped over 100 houses in 5 years, and now passionately mentor others on their journey of unlocking a rich and fulfilling life.

Listen in as Matty and I discuss the pros and cons of rehabbing and flipping properties.

If you missed last week’s episode, be sure to listen to The Four Real Estate Market Cycles.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Four Real Estate Market Cycles | PREI 055

Aug 11, 2016 21:13

Description:

In order to make profitable investments, it’s vital for investors to understand the four real estate market cycles because they directly affect the price of the properties you may want to consider, or the properties you currently own. If you missed last week's episode, be sure to listen to The Wealth Creation Formula. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed The Four Real Estate Market Cycles Today, we're going to talk a little bit about market cycles. In order to make a profitable investment, it's vital that you understand the cycles of the real estate market because they actually affect the value of the properties that you want to consider or the properties that you own. Let's be clear right from the beginning, I am not suggesting or implying that you focus on appreciation or potential appreciation in lieu of cashflow. For me, cashflow is still the number one priority, it's at the top of the list. It is the most important factor that I look at. I look at cashflow in terms of dollars, but I also look at cashflow in terms of what's my cash-on-cash return? That's how I judge a good performing asset. In terms of market cycles, the first thing to understand is just as the weather has four seasons, so does the real estate market. It has four general cycles. An upmarket, a peak market, a down market and a bottom market. In other words, just as temperatures fluctuate during spring, summer, fall and winter, so do property prices in residential real estate. They go up and down in their cycles. However, unlike weather seasons, market cycles tend to last longer at approximately seven to ten years. That's an entire cycle from beginning to end. Keep in mind that these cycles are normal functions of dynamic markets. They're affected by factors within those markets. For now, let's take a closer look at these four general markets and what goes on in each of them. We're going to consider a little bit more of a technical definition later, but let's just talk about this in general terms. First and foremost is our favorite, an upmarket. This occurs when home prices are rising. It's also called a "sellers' market." I'm sure you've heard that term before. It's called the sellers' market because sellers can pretty much get the price that they want when they want it and there are so many people who are buying properties at these higher prices that it continues to push the price up. In essence, demand exceeds the supply. What are the signs of an upmarket? Prices are appreciating, that's obvious. But inventory levels are low or that trend is dropping. You'll see inventory start to dry up. Tied in with that is you'll see a shorter number of days on market. This is referred to as the DOM, days on market. You will see that properties don't sit on the MLS or on a street for very long before it goes into a pending and sold status. There are multiple offers on properties. Often, you will see people bidding against the same property. That just further drives prices up. There is optimism and excitement or a buzz among people and within that market. You can tell that there's some sort of euphoria going on. This is what sometimes leads to that irrational exuberance as the book talks about. Investors feel good about investing. There's that general feeling of, "This is the right thing to do and the right place to be." When you're in a rising market, it's exciting because the tide floats all ships. After a few years of an upmarket, what we find is we reach a peak market. As the name indicates, this is when prices have basically reached their maximum point.

The Four Real Estate Market Cycles | PREI 055

Aug 11, 2016 21:13

Description:

In order to make profitable investments, it’s vital for investors to understand the four real estate market cycles because they directly affect the price of the properties you may want to consider, or the properties you currently own.

If you missed last week’s episode, be sure to listen to The Wealth Creation Formula.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Wealth Creation Formula | PREI 054

Aug 4, 2016 15:15

Description:

    Have you ever wondered how the rich keep getting richer while broke people stay broke and the middle class continues to shrink?  This isn't as mysterious as it may appear when you examine the specific differences in how broke people, the middle class, and the rich spend their money. Today we talk about The Wealth Creation Formula. If you missed last week's episode, be sure to listen to Finding The Drive To Be A Huge Success In Real Estate with Rod Khleif. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed The Wealth Creation Formula Our show is about creating substantial passive income and creating wealth for the long term. That's the subject of today's episode. It's wealth creation, or more specifically, the wealth creation formula. Have you ever wondered how the rich keep getting richer, while broke people stay broke and the middle class continue to shrink? This isn't a mystery as it may appear when you examine the specific differences on how broke people, the middle class and the rich spend their money. This is such a simple concept, yet it's so profound. I believe I finally understood this concept on a train ride with my wife from Rome to Florence, Italy. I had picked up a new book called Rich Dad, Poor Dad by Robert Kiyosaki. Once I started reading it, there was no putting it down. What was made clearer to me at the time is how the rich spend their money. What I'm going to explain to you today is why the rich keep getting richer, the broke keep getting broker and why the middle class remain stressed out. Before we start, it's important to understand some common financial terms. The reason is many people misunderstand their real meaning. The terms that you need to be familiar with are the following: Cashflow, which is the money that you bring in. Expenses is the money that you spend. Asset is somewhat of a confusing term because most people are familiar with the traditional definition of an asset, which is something you own or have equity in. However, Robert Kiyosaki introduced us to a new definition of an asset in his Rich Dad series of books. Robert defined an asset as something that pays you, and that's the definition I've adopted and the one that we'll use here. Liabilities, is defined as those things that cost you money. A typical example is one's house, which is often viewed as an asset, but it can actually be a liability. Anything that costs you money is a liability, not an asset. If you have a mortgage on your house, it's an asset to your bank because it pays them every month. However, a house or other property can also be considered an asset under the right circumstances. If that property generates income, like a rental property, and it pays you a positive cashflow every month after all expenses, then it would be considered an asset. Just remember that an asset has to put money in your bank account. Cashflow is the money you make, while expenses is the money you spend. Let's take a look at how broke people spend their money. Keep in mind that my definition of a "broke person" are not those that are destitute. I'm referring to that large portion of our society that live paycheck to paycheck and never seem to have any money. In fact, they often have to borrow from Peter to pay Paul, run up credit cards and they find themselves with more month leftover at the end of their money. Broke people purchase what I'm going to call stuff. Those things that people buy that they really don't need to survive. These are the endless consumer items that clutter up one's house and their life. Some people may even refer to it as junk.

The Wealth Creation Formula | PREI 054

Aug 4, 2016 15:15

Description:

Have you ever wondered how the rich keep getting richer while broke people stay broke and the middle class continues to shrink? This isn’t as mysterious as it may appear when you examine the specific differences in how broke people, the middle class, and the rich spend their money.

Today we talk about The Wealth Creation Formula.

If you missed last week’s episode, be sure to listen to Finding The Drive To Be A Huge Success In Real Estate with Rod Khleif.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Finding The Drive To Be A Huge Success In Real Estate – Rod Khleif | PREI 053

Jul 28, 2016 29:29

Description:

    Our guest today is Rod Khleif.  Rod has personally owned more than 2,000 single family homes, and multiple apartment communities.  Rod has also built several multi-million dollar businesses, and has dedicated himself as a community philanthropist.  A compelling rags-to-riches-to-rags-to riches story, Rod soared from humble beginnings as a young impoverished Dutch immigrant to incredible success. Why is psychology more important than technical knowledge in real estate? How does one find the drive to be a huge success in real estate? What’s the difference between Achievement and fulfillment in your real estate business? And so much more.   If you missed last week's episode, be sure to listen to Inflation, Debt and the Investment Landscape with David Stein. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Finding The Drive To Be A Huge Success In Real Estate – Rod Khleif It's my pleasure to welcome Rod Khleif to the show. Rod has personally owned over 2,000 single-family homes and multiple apartment communities. Rod has also built several multimillion dollar businesses and has dedicated himself as a community philanthropist. He has a compelling rags to riches to rags to riches story. Rod has soared from humble beginnings in Holland, I believe it is, to incredible success here in the US. Having said that, Rod, welcome to the show. Thanks, Marco. It's awesome to be here. It's my pleasure to have you on the show. I didn't know much about you until recently. In doing my due diligence on you and learning more about you and listening to your podcast, I was very impressed with a lot of the things that you had accomplished in years past. Then I was even more impressed with your Tiny Hands Foundation. I'm going to do a little thing that's out of the ordinary for me here. I usually start with tell us about yourself and whatnot. If you don't mind, before we get into you and real estate investing, can you just take two minutes or so and tell us about that Tiny Hands Foundation? Because I'm very intrigued with it. I was a narcissist back in the day, probably seventeen, eighteen years ago. I came across Tony Robbins, I went to a Tony Robbins' event. I saw what he does for needy families. He has something called a Basket Brigade. I decided to model it the year I went to my first event with him. I decided to feed five families and called the church, found out who needed help. My brother and I went and delivered big boxes of food to five families. One of the families, the lady came out of the house, she was in the shack and she came out of the shack, and she started crying when she saw the food. Then her five children all came out and they all started crying. I was hooked. The next year, I fed 50 families. This is for the holidays, a big holiday meal with gifts and things like that. In fact, I used to do turkeys. Literally, I deliver a turkey for Thanksgiving. I did 50 the next year, I did 100 the year after that. I doubled it every year, 200, 400, 800, 1,600. I paid for it all up to 1,600. That was '07. Then '08 hit. I was in real estate in '08, need I say more. I formed a foundation called The Tiny Hands Foundation. We have now fed, in the last sixteen years, 40,000 kids for the holidays. We've also done thousands of backpacks filled with school supplies. In fact, we're doing 1,500 backpacks to local kids here in Sarasota and Bradenton. It's just astounding to me that children in the United States of America don't get supplied with school supplies.   I have given thousands of teddy bears to the local police departments here for ...

Finding The Drive To Be A Huge Success In Real Estate – Rod Khleif | PREI 053

Jul 28, 2016 29:30

Description:

Our guest today is Rod Khleif. Rod has personally owned more than 2,000 single family homes, and multiple apartment communities. Rod has also built several multi-million dollar businesses, and has dedicated himself as a community philanthropist. A compelling rags-to-riches-to-rags-to riches story, Rod soared from humble beginnings as a young impoverished Dutch immigrant to incredible success.

Why is psychology more important than technical knowledge in real estate? How does one find the drive to be a huge success in real estate? What’s the difference between Achievement and fulfillment in your real estate business? And so much more.

 

If you missed last week’s episode, be sure to listen to Inflation, Debt and the Investment Landscape with David Stein.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Inflation, Debt and the Investment Landscape – David Stein | PREI 052

Jul 21, 2016 45:06

Description:

Our guest today is David Stein.  David was the Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $33 billion investment advisory firm.  Today he likes to teach people about money, how it works, how to invest it and how to live without worrying about it. What is inflation, and what causes it? Why you shouldn't pay off your mortgage. What does the current investment landscape look like? Plus other topics we discussed on tangents.   If you missed last week's episode, be sure to listen to How to be Mortgage Free in Five to Seven Years. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Inflation, Debt and the Investment Landscape – David Stein Welcome to Passive Real Estate Investing. I am your host, Marco Santarelli. If this is your first time here, welcome. If this is not your first time here, I am glad you made it back. Today, I wanted to do a show that was a little different than what we typically do, which is hyper focused on real estate specifically. So much of what ties into real estate and investing in general has to do with what is going on in the economy and around the world, whether it be oil prices or interest rates or countries devaluing their currency versus our currency. Changing the cost of goods that goes into transportation and changing the cost of the materials that go into housing, etc. It is really a very wide complex interconnected web. What I am going to start doing in future episodes, I am going to sprinkle in a show here and there about the economy and about economics, and about some topic related to real estate but not directly. Hopefully, that's going to help enlighten you and broaden your knowledge about what is going on around the country and the world. I don't get into politics, of course, but maybe something that is happening in Washington is going to affect financing or what you can and can't do with your properties. Who knows? Today, I am bringing a guest on by the name of J. David Stein, a really smart guy. He used to manage billions of dollars in a fund, not a hedge fund but an investment fund and he is a strategist. He has an interesting way to look at things and he explains things in a fairly clear way. In fact, he's got a great podcast that I listen to and I enjoy. It's just one of many sources of information that I get. Anyway, I was a little pressed on time on my interview with him, so I had to rush it a little bit and I apologize about that in advance. It's my pleasure to welcome, David Stein to the show. David was the Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group LLC, a $33-billion investment advisory firm. Today, David likes to teach people about money, how it works, how to invest it and how to live without worrying about it. He is also the host of the personal finance podcast, Money for The Rest of Us, which by the way is a great podcast. David, welcome to the show. Thanks, Marco for having me. It’s good to be here. It's great having you on the show. I actually am a listener of your podcast. I enjoy it very much because it's an interesting, easy listening format to learn about money and the economy and everything else surrounding that, which is not exactly what our show is about. I wanted to bring you on because I think a lot of our listeners are either sophisticated and or interested in different aspects and asset classes and how maybe all this stuff in the economy ties back to real estate and the landscape that may or may not affect us. This is going to be a different type of show.

Inflation, Debt and the Investment Landscape – David Stein | PREI 052

Jul 21, 2016 45:06

Description:

Our guest today is David Stein. David was the Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $33 billion investment advisory firm. Today he likes to teach people about money, how it works, how to invest it and how to live without worrying about it.

What is inflation, and what causes it? Why you shouldn’t pay off your mortgage. What does the current investment landscape look like? Plus other topics we discussed on tangents.

 

If you missed last week’s episode, be sure to listen to How to be Mortgage Free in Five to Seven Years.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to be Mortgage Free in Five to Seven Years – Jordan Goodman | PREI 051

Jul 14, 2016 42:34

Description:

How would you like to be completely mortgage free in less than a decade? There's a new way to manage your mortgage and monthly cash flow so that you, and not some banker, get to squeeze the most use out of every dollar that comes in, and every dollar that goes out.  The strategy is called Equity Acceleration.  It's not such a big secret in Australia and the United Kingdom, where as many as 1-in-4 homeowners are accelerating the mortgages. Join me on this exciting episode to discover how you can be mortgage free in 5 to 7 years on your principal residence or investment properties. And, if you missed last week's episode, be sure to listen to From Broke to $10,000 per Month at Age 24 – Sean Gray. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How to be Mortgage Free in Five to Seven Years - Jordan Goodman Today, we have a very exciting episode because we're going to tell you how you can cut your mortgage down and have it paid off in about one third of the time. Typically, that's going to be five to seven years but it could be seven to nine. In either case, it's going to be about one-third of the time. Our goal here is to share the knowledge and methods of actually owning your properties and your home mortgage-free much sooner than you imagined. Think about this interesting statistic, in 1929, only 2% of Americans had a mortgage on their home. In 1962, 98% of Americans had a mortgage on their home. That's a huge difference. Take a look at the history of mortgages in America and you'll start to understand why this has changed so radically. Do you know where the idea of the amortization concept came from? It was actually developed after the great depression as a way to stimulate home ownership and of course banks' profitability. That is still true today. Until that time, most loans were five years in interest only and they had a balloon payment at the end of the five-year term. Bankers didn't determine that payments were a problem. They thought that those monthly payments were actually the biggest hindrance to someone owning a home. What they did is they dragged out the mortgage for as long as they possibly could to generate these low monthly payments. That made home ownership and affordability much, much easier. Initially, they stretched it out to ten-year loans. That's what was common and then twenty and then 30-year loans. That seems to be the norm nowadays. For some of you, if you remember back in the mid-2000s, we saw 40 and even 50-year loan amortizations, which is just absolutely crazy. If you think about it, the longer that term, the more interest you're paying to the bank over the course of the life of that loan. Really, at the end of the day, who's winning there? Is it you or is it the bank? Your lower monthly payment is given up in lieu of much, much larger interest payments. Today, would you buy a $250,000 home and pay $500,000 for it? Of course, you'd say no but that's exactly what you're doing when you finance a property. Don't get me wrong, 30-year fixed rate mortgages are great because it's good debt. It allows you to acquire a larger portfolio of rental properties than you could if you were buying all cash. Leverage is a wonderful thing if it’s used properly. Real estate is a great vehicle to allow you to do that. You have to understand that there's a cost involved and of course, your tenant is actually paying the mortgage off for you, not you. Your tenant is buying the property for you and that's okay. You just build a portfolio and you use as much leverage as you can with the capital that you have to invest.

How to be Mortgage Free in Five to Seven Years – Jordan Goodman | PREI 051

Jul 14, 2016 42:34

Description:

How would you like to be completely mortgage free in less than a decade?

There’s a new way to manage your mortgage and monthly cash flow so that you, and not some banker, get to squeeze the most use out of every dollar that comes in, and every dollar that goes out. The strategy is called Equity Acceleration. It’s not such a big secret in Australia and the United Kingdom, where as many as 1-in-4 homeowners are accelerating the mortgages.

Join me on this exciting episode to discover how you can be mortgage free in 5 to 7 years on your principal residence or investment properties.

And, if you missed last week’s episode, be sure to listen to From Broke to $10,000 per Month at Age 24 – Sean Gray.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

From Broke to $10,000 per Month at Age 24 – Sean Gray | PREI 050

Jul 7, 2016 36:29

Description:

How does a 22-year old go from being broke, clueless, and sleeping on the floor of a small home with ten other broke college buddies to making over $10K per month, traveling the world, meeting his business heroes, all within six months? Well meet Sean Gray.  He started by asking himself better questions, and as he likes to say, “being the person who he is becoming.”  Today, at age 24, he’s an author, speaker, real estate investor, business owner, and Rich Dad Education rep. Join me for a great interview with many nuggets of great information. If you missed last week's episode, be sure to listen to What You Need to Know About Cash-Flow – Frank Gallinelli. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   From Broke to $10,000 per Month at Age 24 – Sean Gray Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. If you're a millennial, I really want you to pay attention to this show. But if you're not a millennial, I still want you to pay attention to the show because I have a question for you. How does a 22 year old go from being broke, clueless and sleeping on the floor of a small home with ten other broke college buddies, to making over $10,000 per month, traveling the world, meeting his business heroes all within six months? Meet Sean Gray. He started by asking himself better questions and, as he likes to say, "Being the person who he is becoming." Today at age 24, he's an author, speaker, real estate investor, business owner, a Rich Dad education rep. With that, welcome to the show, Sean. Thank you, Marco. That was quite the introduction. It's all true. You have an amazing story. What impressed me a lot about you is you were 22 at the time, you're 24 now, if I'm not mistaken. Correct. That puts you in the millennial category. It depends on whose numbers you read, but there's over 82 million of you guys out there. I think a lot of millennials really are lost. A lot of them still live at home because they just don't have the income, because they don't have the jobs. A lot of them are in school or they were in school and dropped out. They're trying to find their way. This is the reason I wanted to bring you on the show, is because I think you can be a massive inspiration for a lot of these people. It's not just those people that are listening to the show. We have everybody, from 18 to 70 year old people listening to this show. You can be an inspiration for everybody. I'm very happy to have you on the show. I'm happy to be here. Let's begin with a very basic question. What do you do? That is a great question. It seems like a basic question but it's like peeling back layers of the onion. I get asked that question a lot. I'm not sure how to answer it. Sometimes I answer it with just basic, "I do sales, marketing," because I can't tell if they're really wanting to know or if they're just making small talk. For the conversations like this, when you really want to know what I do, at the 30,000 foot level, what I do is I travel around and I build my brand, I build my network through building relationships and keeping my eyes open for opportunities. When opportunities present themselves that align with my values, where I want to go, the things that I want to accomplish, I put myself in those environments to take advantage of them. I know that's a 30,000 foot view level and not very specific but I'm sure we'll get into more specifics as we go on. Like you said in my introduction, I work with Rich Dad Education, do some real estate investing. I have a couple different businesses. One that teaches financial education and entreprene...

From Broke to $10,000 per Month at Age 24 – Sean Gray | PREI 050

Jul 7, 2016 36:30

Description:

How does a 22-year old go from being broke, clueless, and sleeping on the floor of a small home with ten other broke college buddies to making over $10K per month, traveling the world, meeting his business heroes, all within six months?

Well meet Sean Gray. He started by asking himself better questions, and as he likes to say, “being the person who he is becoming." Today, at age 24, he’s an author, speaker, real estate investor, business owner, and Rich Dad Education rep.

Join me for a great interview with many nuggets of great information.

If you missed last week’s episode, be sure to listen to What You Need to Know About Cash-Flow – Frank Gallinelli.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

What You Need to Know About Cash-Flow – Frank Gallinelli | PREI 049

Jun 30, 2016 56:37

Description:

The only way to win the real estate investing game is by mastering the numbers. If you’re truly interested in real estate investing then you must first realize that investing in income properties is all about the numbers.  It’s about discounted cash flow and rates of return and net operating income and cap rates.  If you understand how these and other key concepts work, then you’re on your way to success – and that’s exciting. Our guest, Frank Gallinelli is the author of the best-selling book, "What Every Real Estate Investor Needs to Know About Cash Flow... " now in its third edition, as well as other books and numerous articles on real estate investing and finance.  A graduate of Yale University, he serves as Adjunct Assistant Professor of Real Estate Development at Columbia University.  Frank has been involved in real estate for more than 40 years and is the founder & president of RealData, a real estate software firm that has provided analysis and presentation tools for investors and developers since 1982. What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures can be purchased on Amazon.com. If you missed last week's episode, be sure to listen to Increasing Cash-Flow, Deferring Taxes and Reducing Risk using a 1031 Exchange. Enjoy the show! -  -  -  -  -  -  -  -  -  -  -  -  -  - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed What You Need to Know About Cash-Flow – Frank Gallinelli Welcome to Passive Real Estate Investing. I’m your host, Marco Santarelli. Today’s episode is about what you need to know about cash flow. I have the most appropriate guest for that subject. His name is Frank Gallinelli. He’s the author of about two or three books, which can be found at Barnes & Noble, Amazon.com and few other places. Real estate investing is a number’s game. The only way to win at this game is to understand the numbers. It’s important to know how to evaluate property, how to understand the cash flow, the rates of return, etc. but you don’t need to be a rocket scientist. On today’s episode, we do get into some deep conversation, things that are maybe initially hard to understand or conceptualize. This podcast is on demand. You could listen to it two or three times. You can also educate yourself through books and various other resources that are available out there. This is something that you need to understand, at least, at a high level, if not be an expert at it. At least understand it at a conceptual level so you know what cash flow, cash-on-cash return is, your net operating income. These are all acronyms and part of the vocabulary. The only way to elevate yourself from being a novice or a newbie investor to a more sophisticated investor is to really grasp the vocabulary so you know what these terms mean and how you can use them and calculate them. Let’s jump in here in one moment and talk to Frank Gallinelli. It’s my pleasure to welcome Frank Gallinelli to this show. Frank is the author of the best-selling book, What Every Real Estate Investor Needs to Know About Cash Flow, now on its third edition. He’s written other books and numerous articles on real estate investing and finance. He’s a graduate of Yale University and he serves as Adjunct Assistant Professor of Real Estate Development at Columbia University. Frank has been involved in real estate for more than 40 years. He’s the founder and president of RealData, a real estate software firm that has provided analysis and presentation tools for investors and developers since 1982. Frank, welcome to the show. Marco, it’s a delight being with you today. It’s great having you on the show.

What You Need to Know About Cash-Flow – Frank Gallinelli | PREI 049

Jun 29, 2016 56:37

Description:

The only way to win the real estate investing game is by mastering the numbers.

If you’re truly interested in real estate investing then you must first realize that investing in income properties is all about the numbers. It’s about discounted cash flow and rates of return and net operating income and cap rates. If you understand how these and other key concepts work, then you’re on your way to success – and that’s exciting.

Our guest, Frank Gallinelli is the author of the best-selling book, “What Every Real Estate Investor Needs to Know About Cash Flow… ” now in its third edition, as well as other books and numerous articles on real estate investing and finance. A graduate of Yale University, he serves as Adjunct Assistant Professor of Real Estate Development at Columbia University. Frank has been involved in real estate for more than 40 years and is the founder president of RealData, a real estate software firm that has provided analysis and presentation tools for investors and developers since 1982.

What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures can be purchased on Amazon.com.

If you missed last week’s episode, be sure to listen to Increasing Cash-Flow, Deferring Taxes and Reducing Risk using a 1031 Exchange.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Increasing Cash-Flow, Deferring Taxes and Reducing Risk using a 1031 Exchange | PREI 048

Jun 24, 2016 44:47

Description:

Would you like to defer (or eliminate) your capital gains taxes?  How about increasing the cash-flow of your real estate portfolio? The taxable gain in real estate is due to a combination of the appreciation in value and the amount of depreciation taken over the period of time that it was owned by the investor.    The tax savings using a 1031 exchange can be enormous.  And using a 1031 exchange can help you re-position your real estate holdings into more, and better income real estate to increase your cash-flow and lower your risk. This is a content-rich episode, so get ready to expand your knowledge. If you missed last week's episode, be sure to listen to The Difference Between Rich and Wealthy (and Which is Better). Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Cash-flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Increasing Cash-Flow, Deferring Taxes and Reducing Risk using a 1031 Exchange Today’s show is pretty special. There’s a reason why real estate is one of the most tax favored assets in the entire country. There are a lot of great benefits to owning income producing real estate. We’ve talked about depreciation in past episodes, how you can amortize or depreciate the improvements of your property over 27 and a half years. You don’t need to spend a single penny to get that depreciation. It is absolutely incredible. At some point, that will run out. After 27 and a half years, that clock will run out. Now, you don’t have that ability. There is a way around it. There is a way too reset the clock. There’s also a way to take equity that you have in your existing properties and move that equity into other better, larger properties. That doesn’t necessarily mean that you're going from single family homes to fourplexes or apartments. What it does mean is that you can take the existing equity you have across one or more of your properties and leverage that into more property, better property that increases your cash flow. In the process of doing that, because there are sales involved, you can defer your capital gains taxes. In fact, done right, you can defer them forever, indefinitely or at least until you pass away. Then there are some nifty things that happened like a step-up in the basis of that property so those that you will or heir the property to can start the clock over for themselves without any tax impact. It’s really a powerful thing. That’s what you're going to learn about today. I have a really special guest who’s going to go into a lot of detail. I went through a lot of information before bringing him on the show. I structured my questions in a logical format where we can just start with the most basics and go through some complicated scenarios. First, I want to take one of my listener questions here, which I don’t think I've covered in the past, but it ties in somewhat nicely to what our topic is today. This person writes and says, “Hi, Marco and Michael, a quick question about depreciation on tax returns. I know you guys are not CPAs but I’m sure you must have done it so many times. If a property is older than 27 and a half years when I bought it and if I bought it rehabbed, can I still claim the depreciation on the building, not the land? Does the counter get reset somewhere during the process or is this something that is applicable to properties newer than 27 years old or just one string of life of the building? Thanks, guys.” I know what you're asking but you're asking the wrong question. It’s really not a matter of the age of the property. You're getting the depreciation cycle of 27.5 years confused with the age of the property. The age is completely irrelevant.

Increasing Cash-Flow, Deferring Taxes and Reducing Risk using a 1031 Exchange | PREI 048

Jun 23, 2016 44:47

Description:

Would you like to defer (or eliminate) your capital gains taxes? How about increasing the cash-flow of your real estate portfolio?

The taxable gain in real estate is due to a combination of the appreciation in value and the amount of depreciation taken over the period of time that it was owned by the investor. The tax savings using a 1031 exchange can be enormous. And using a 1031 exchange can help you re-position your real estate holdings into more, and better income real estate to increase your cash-flow and lower your risk.

This is a content-rich episode, so get ready to expand your knowledge.

If you missed last week’s episode, be sure to listen to The Difference Between Rich and Wealthy (and Which is Better).

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Difference Between Rich and Wealthy (and Which is Better) | PREI 047

Jun 10, 2016 15:48

Description:

Many people think that being rich and being wealthy are the same thing.  They’re related but not the same.  You see, the rich have lots of money but the wealthy don’t worry about money. What’s the difference? Join me as we take a look and compare the two. And if you missed last week's episode, be sure to listen to Financing for Foreigners and the Self-Employed. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Cash-flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed The Difference Between Rich and Wealthy (and Which is Better) Today's show is about the difference between rich and wealth, and which is better. Yes, there is a difference between the two. You see many people think that being rich and being wealthy are the same thing. They're related, but they're not the same. The rich have lots of money, but the wealthy don't worry about money. That's the key distinction. While the rich might have lots of money, they may also have lots of expenses that keep them up at night or they might have a high paying job, but they have to get up every day to go to work and possibly have the fear of getting laid off or getting injured and not being able to work for a long term. Either way, this situation can be stressful because you depend and rely on your regular income. The wealthy on the other hand don't have these worries. Why? What's the difference? First, let's look at the definition of wealth. The definition of wealth can be defined as the number of days that you can survive without having to physically work and still maintain your standard of living. For example, if your monthly expenses are let's say, $5,000 and you have $20,000 in savings, your wealth is approximately four months or 120 days. Therefore your wealth is actually measured in time, not dollars. What you want to do is build a business and invest in assets like income producing real estate to increase your cashflow. You want to add assets to your personal balance sheet that generate monthly income. Once that income from your assets exceed your monthly expenses and it does this on a predictable basis, then you're no longer rich, you're wealthy. You're out of that so-called rat race. This is what I refer to as true financial freedom. It's being out of that rat race. Now, you've actually created streams on income. This income can cover all your expenses and support your lifestyle, support your cost of living, support your monthly and annual needs. Ultimately, it's not how much money you make that matters, but how much you keep and how long that money works for you. There are a lot of people out there who make a great income and I know many of these people, yet they're not wealthy. If they lost their business or they got injured, there's a high probability that they wouldn't last for more than six months to a year. There are people out there who come into these chunks of cash, who simply blow it on consumer items like bigger homes and cars and boats and vacations or whatnot. Many go into deeper debt, as in bad debt in the process of doing this. This behavior is actually what separates the rich from the wealthy. The smarter thing to do is to use those funds to build your assets to increase your cashflow and then let that cashflow pay for those consumer items and those luxuries. What some people do to afford new things is to budget or live below their means. I'm sure you've heard this statement before. I don't want to necessarily point fingers, but I believe people like Suze Orman and Dave Ramsey talk about eliminating debt and living below your means and setting yourself a budget. To me, this is a scarcity mindset. It's a scarcity mentality. Often, it doesn't move you forward.

The Difference Between Rich and Wealthy (and Which is Better) | PREI 047

Jun 10, 2016 15:48

Description:

Many people think that being rich and being wealthy are the same thing. They’re related but not the same. You see, the rich have lots of money but the wealthy don’t worry about money.

What’s the difference?

Join me as we take a look and compare the two.

And if you missed last week’s episode, be sure to listen to Financing for Foreigners and the Self-Employed.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Financing for Foreigners and the Self-Employed | PREI 046

Jun 2, 2016 26:25

Description:

How do you get financing for investment real estate if you're a self-employed or a foreigner (non-resident or non-U.S. citizen)?  It's not hard as there may be many options available to you. We talk to a lot of investors who are self-employed or live abroad who want to purchase investment property with financing.  Well, the good news is there are a number of financing options and we work with a number of lenders who can provide you financing on virtually any of our  turnkey investment properties. On today's episode we speak with just one of portfolio lenders who has helped a number of our clients purchase properties here in the United States.  Listen up as we discuss the commonly asked questions and terms available today. If you missed last week's episode, be sure to listen to The Importance of Reputation. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Cash-flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Financing for Foreigners and the Self-Employed Today, I wanted to talk about the subject of financing, but financing specifically for foreigners and the self-employed. These are two types of people that we find to be a little bit on the challenging side to get financed because they don't fit into the conventional box or the box of financing that comes down through the government sponsored entities of Fannie Mae and Freddie Mac. Obviously, that's where you get your best rate. I wanted to bring on Matt Lineberger, one of the individuals that we work closely with. They are one of our preferred lenders. Matt is the Vice President of Business Development for Lima One Capital. What they are is a specially private lender for financing investment properties. They are especially useful to foreign investors, basically our clients around the world, and to those who are self-employed. With that, Matt, welcome to the show. Thank you, Marco. I appreciate you having me on. It's great having you on. I think this is a very important topic and one that will be of great interest to people around the United States who are self-employed, especially to our past, current and future clients around the world that are living in other countries; they're not residents of the United States, they don't necessarily have US based credit. Then they ask the question, "I want to invest in the United States. The opportunities are great, the affordability is great, but I can't get financing." They don't have any options. They're either all cash or they have to find their own private money or they have to work with a lender like yourself. That's correct. As a matter of fact, I'd say 20% to 25% of our clientele are actually foreign investors. We identified that there is a niche and a need there and trying to fill that gap where the conventional lenders have left off. Let's start off by you telling us a little bit about yourself and a little bit about Lima One. I have been in real estate in some form or fashion about thirteen years now. I absolutely love it. I've been an investor, a lender, a contractor, you name it. I like to think I've been involved in just about everything. I'm sure there's a whole lot more to come. I can somewhat identify with some of the borrowers and some of the challenges of the real estate industry. From a standpoint of Lima One Capital, it has just been a great past couple of years for the company. As you were saying, we are private money lenders, we are not a traditional bank. We don't go to the conventional route. We can offer investment loans only. There is no owner occupied program that we offer. We can finance foreign investors, we can finance you as citizens and we can finance rehabbed properties all the way to long-term rental pr...

Financing for Foreigners and the Self-Employed | PREI 046

Jun 1, 2016 26:25

Description:

How do you get financing for investment real estate if you’re a self-employed or a foreigner (non-resident or non-U.S. citizen)? It’s not hard as there may be many options available to you.

We talk to a lot of investors who are self-employed or live abroad who want to purchase investment property with financing. Well, the good news is there are a number of financing options and we work with a number of lenders who can provide you financing on virtually any of our turnkey investment properties.

On today’s episode we speak with just one of portfolio lenders who has helped a number of our clients purchase properties here in the United States. Listen up as we discuss the commonly asked questions and terms available today.

If you missed last week’s episode, be sure to listen to The Importance of Reputation.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Importance of Reputation | PREI 045

May 26, 2016 24:20

Description:

I just came back from a real estate forum in Florida where I was speaking on a panel answering questions about real estate and turnkey operators in the industry.  As it turns out, I was asked a very important question about building your reputation in an industry with shady operators.  Unfortunately, they only gave me two minutes to answer a question that required at lease 15 minutes. So, I felt the question was important enough to cover as a podcast episode.  Especially in our industry where there truly are shady operators. And if you missed last week's episode, be sure to listen to Common Investor Questions (Part 1). Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed The Importance of Reputation Today's show is about the importance of reputation. I'll tell you why I have chosen this topic for today's episode. I just came back from Miami, Florida for the 4th Annual Single-Family Rental Investment Forum. It was great. I had a lot of fun. I got to network with a lot of people that I know in the industry. I was actually speaking on a panel there on turnkey operators. We all got asked questions of various sorts about the industry and turnkey providers specifically and how we operate and just what is going on. It was interesting. I got asked one question that was, "How do you build your reputation in an environment with some shady operators?" There's just no way that I could've answered this question in the 30 seconds or a minute or two minutes that they gave me to answer this particular question. I thought it would be a good idea to actually have a podcast episode on the importance of reputation, especially in an industry like ours where let's say, nine out of ten operators are actually worthy and ethical and have a decent or good reputation and one or maybe two out of ten, don't. You as a consumer, you as an investor, need to know, you should want to know who has a good reputation and who doesn't because obviously, you don't want to work with somebody who's going to sell you a lemon or a money pit for a property or tell you one thing and it's something else like you're in a good neighborhood, but then you end up finding out there are a bunch of crack dealers down the street. This is not a good thing. I have seen this happen. Having been in this industry for 12.5 years, again, being one of the first turnkey providers in the country on a nationwide basis, I've seen a lot of people come and go. I've seen a lot of operators die on the vine. The reputation of a business is essential to its survival. You have to have trust and confidence. The trust and confidence of the consumer does have a direct and profound effect on a company's bottom line. While reputation is an intangible concept, having a good reputation can benefit a business in many, many ways. It expands from consumer preference to support foreign organization when it's in times of crisis or controversy. It also affects the future value of an organization in a marketplace. Having a good reputation just adds to a company's brand strength and goodwill. I was doing a little research and I came across a reference to a study that indicated there were ten main components to an organization's reputation. The first of those ten is ethics. An organization that behaves ethically is admirable, is worthy of respect and is trustworthy. I think this is a very important thing, especially as the first item on this particular list because a company needs to be ethical before it can be a leader in the industry or have any kind of social responsibility or fiduciary responsibility or even be good to its employees.

The Importance of Reputation | PREI 045

May 26, 2016 24:21

Description:

I just came back from a real estate forum in Florida where I was speaking on a panel answering questions about real estate and turnkey operators in the industry. As it turns out, I was asked a very important question about building your reputation in an industry with shady operators. Unfortunately, they only gave me two minutes to answer a question that required at lease 15 minutes.

So, I felt the question was important enough to cover as a podcast episode. Especially in our industry where there truly are shady operators.

And if you missed last week’s episode, be sure to listen to Common Investor Questions (Part 1).

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Common Investor Questions (Part 1) | PREI 044

May 12, 2016 33:06

Description:

  We get asked a lot of great questions from real estate investors and our clients.  On this episode I invited one of our Investment Counselors where we both provide answers to some of our most common investor questions. And if you missed last week's episode, be sure to listen in to better understand how to predict real estate prices. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Common Investor Questions (Part 1) On today's show, we're going to do something a little bit different. I've never had one of our investment counselors on the show before. This is the first time we're going to do that. I'm going to bring on one of my investment counselors. His name is Steve. A very sharp, smart individual. He's helped a lot of our clients to date. We thought we'd do something a little different. I think what I'm going to do going forward is have the occasional frequently asked question podcast episode. What we'll do is we'll cover three or four questions on each one of those episodes that we get asked by our clients on a regular basis. Steve, welcome to the show. Good to be here. Thanks for having me, Marco. It's my pleasure. Steve, tell us a little bit about yourself and just share a little bit of your background with our listeners. I'm Steve. I love real estate. It's probably the first thing I think about every morning when I wake up. That might be a bit of a problem. I like it that much. I've been in real estate my whole career and involved in a lot of different capacities. A lot of buy and hold on single-family. I've even done some assignment deals on raw land. I've done a ton of wholesaling. Back then, I used to own a franchise that all we did was wholesale and flip properties. I learned a lot doing that business. It brings a lot of value when I work with Norada clients on what to look for and what to watch out for in a property because I'm good at reading inspections and pointing out what matters, what doesn't matter and sorting through all the things that happen in a real estate deal. It's pretty amazing. On a typical turnkey deal, you've got ten, eleven, twelve people that all have their hands on that deal. It's a miracle it turns out as well as it does, as often as it does considering all the moving parts. That's what we do. I enjoy that, I enjoy making deals and helping people acquire properties. I've been in this business literally my whole career in one capacity or another. You have a lot of experience. I think you're being a little bit humble because I know you have done a lot more than what you're talking about and you've done a lot of rehabs from a remote distance. You've been an active real estate investor in a market that's not local to you. You've been very successful with that. You've seen all those moving parts and you've seen the good, the bad, the ugly, dealt with bad contractors. I don't know if you ever lost money on a particular flip, but I think we've all experienced that at some point if you're in the game. Losing some right now. I'm sorry to hear that. It's not a lot, but sometimes they just don't go the way you planned. It's a particular property in Memphis, Tennessee. Probably you’ll lose a little bit of money, a couple thousand dollars, but that's part of the risk that you take. I've heard a lot of people say this and I totally agree with it: Flipping properties and wholesaling properties really is a job. You have a job. I don't know that you're necessarily investing when you do that because the outcome depends on your efforts and what you actually do. Whereas a buy and hold, that's an investment. You put your money in and for the most part le...

Common Investor Questions (Part 1) | PREI 044

May 12, 2016 33:07

Description:

We get asked a lot of great questions from real estate investors and our clients.  On this episode I invited one of our Investment Counselors where we both provide answers to some of our most common investor questions.

And if you missed last week’s episode, be sure to listen in to better understand how to predict real estate prices.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Predict Real Estate Prices – David Campbell | PREI 043

May 6, 2016 1:01:07

Description:

  Is it possible to learn how to predict real estate prices? Learn why property values and price trends are so important.  If you can see where a market has been, and where it may be headed, you can lower your risk and improve your results. We welcome back my good friend and successful real estate investor, David Campbell, to discuss market drivers, inflation, currency and other factors that investors should be aware of. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How to Predict Real Estate Prices - David Campbell Welcome to Passive Real Estate Investing. I’m your host, Marco Santarelli. On today’s show, I have my good friend, David Campbell back. David is a good friend of mine and the founder of Hassle-Free Cashflow Investing. David started investing in real estate part-time while he was working as a full-time high school band director with zero net worth. Within six years and before the age of 30, David became a financially independent millionaire through part-time real estate investing. David has been involved with new home construction. In fact, he was one of our new home builders in the state of Texas for a number of years. He’s been involved in land development, commercial real estate and he has been focused as a professional mortgage known investor for over a decade now. David, welcome back to the show. Hey, Marco. Thank you so much for having me back. I love talking with you and your listeners. I’m excited to see what we learn today. I’m excited too. I think we have a great topic. I’ve titled it, How to Predict Real Estate Prices, which is of interest to most, if not all, real estate investors. What do you think? I think your title is very specific about real estate prices rather than real estate values, because values and prices are two different things. As an investor, when were focused on profits, it’s the increase in prices that makes us money, not necessarily the increase in value. You’re jumping in, that’s great. Break that down, define value, define price, because for a lot of people, they think they’re one and the same. I know what you’re talking about but a lot of people are saying, “What’s the difference?” Value is the usefulness of a particular item. For example, the usefulness of a gallon of gasoline is pretty much constant. It gets you from point A to point B by creating a certain amount of energy when it’s burned. The price of gasoline fluctuates every single day because of different variables. It could be the supply of the gasoline. It could be the demand for that gasoline. It could be the supply of the currency, which is used to purchase that gasoline, or it could be the demand or the velocity of that currency that’s used to purchase gasoline as well. Everything you’re talking about comes down to two or three fundamental things. One is supply, and supply could be measured on many, many different things. Second is demand. The third, we’ll get to hear in a moment because we really haven’t jumped into talking about real estate specifically. Before we go down that road, I always want to start off my episodes with people talking about them. I’d like to just ask you the question, how did you get involved in real estate? Maybe you could just take a minute to talk about that, if you don’t mind? Sure, Marco. When I was a high school band director, I started in the mid to late ‘90s. I was getting my first paycheck and I still qualified for food stamps. I realized that even though I was an educated, smart, college graduate, I set myself up for a financially humble lifestyle. At that time I knew that I wanted a little bit more for myself.

How to Predict Real Estate Prices – David Campbell | PREI 043

May 5, 2016 01:01:08

Description:

Is it possible to learn how to predict real estate prices?

Learn why property values and price trends are so important. If you can see where a market has been, and where it may be headed, you can lower your risk and improve your results.

We welcome back my good friend and successful real estate investor, David Campbell, to discuss market drivers, inflation, currency and other factors that investors should be aware of.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

$6,000 Total Out-of-Pocket Turnkey Properties in Memphis | PREI 042

Apr 29, 2016

Description:

Is it truly possible to purchase turnkey rental properties for about $6,000 total out-of-pocket? On today's episode we show you that it is, and we explain how it works and how you too can benefit if you choose. Join us as we speak to one of our Memphis property specialists about the market and the opportunity. If you missed last week’s episode, be sure to listen to Ask Marco – Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed $6,000 Total Out-of-Pocket Turnkey Properties in Memphis Today's show is a little bit special. I wanted to bring on one of our local specialists, a guy by the name of Nick that we've worked with here for a few years. He's an awesome provider for us as far as building quality turnkey investments. It's not just that these investments are your typical turnkey property. What we have and what we've been selling in the Memphis market now for about a year are investment properties that you can acquire for approximately $6,000 total out-of-pocket. You may be wondering, “How is that possible?” If there's no down payment, it's only $6,000 out-of-pocket. That's what we're going to explain today. To some degree, this is going to be a market spotlight on the Memphis market, but we're going to save half the show to talk about how this investment opportunity works and whether it's right for you or not, because it may not be right for you. With that, I want to bring on Nick, who is, like I said, one of our specialists in the market. He has been a valuable asset. Him and his team have put together some great opportunities for us. Nick has been a real joy to work with. I am happy to have him on the show. Nick, welcome to the show. Thanks, Marco. I appreciate it. Thanks for having me. It's my pleasure. Nick, we were talking here a little bit about how you got started in real estate. I always like to start with that question of how you got involved in real estate because everybody has a unique story. Some people fall into it accidentally, other people planned it that way. Why don't you tell us about how you got started and transitioned into real estate? I never had intentions of being in real estate. It just worked out that way. I moved out to Memphis from Michigan fifteen, sixteen years ago and took a job in the service industry. As I was working, I got married and started a family and had a son and just realized that I was working from seven in the morning until seven at night. I didn't really get a chance to hang out with my family, so I figured I needed to try something new. I got into real estate, looked into becoming an agent, got my license and just morphed into the whole investment side of things. Were you investing for yourself personally or you're actually buying and flipping properties at the time? At the time, as I was working in the service industry, at my other job, I was buying houses and selling them. I'm basically on the side just onesies and twosies just to try to make a little extra money. We've been in Memphis for a long, long time. It seems that Memphis is one of those perennial markets where you open it up as a market, you invest in it as a market, you build up a portfolio there and there are still opportunities to be found. I never really put my finger on exactly why that is. If there's just a lot of foreclosures in that market or if it's just a market that is so large and there's such a volume of inventory coming through the pipeline that you always have access to distressed properties and maybe even distressed sellers to pick up these deals. Regardless,

$6,000 Total Out-of-Pocket Turnkey Properties in Memphis | PREI 042

Apr 28, 2016 30:35

Description:

Is it truly possible to purchase turnkey rental properties for about $6,000 total out-of-pocket?

On today’s episode we show you that it is, and we explain how it works and how you too can benefit if you choose.

Join us as we speak to one of our Memphis property specialists about the market and the opportunity.

If you missed last week’s episode, be sure to listen to Ask Marco – Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return.
Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Ask Marco – Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return | PREI 041

Apr 22, 2016

Description:

After returning from a two-week vacation in Thailand, I'm back to work answering listener questions.  On today's episode I talk about some miscellaneous stats and cover some listener questions including: What do the successful 2% do that the other 98% don't? Do you deal with "active" real estate investments? How should I evaluate a property's cash-flow and rates of return? Are there more risks with pre-construction properties? Enjoy the show! If you missed last week’s episode, be sure to listen to Leveraging Your Cash, Equity and Time – Keith Weinhold. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Ask Marco - Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return Today, I'm actually going to be your guest too. You have me on both ends. Today I want to talk about some listener questions that we've been getting. I appreciate you sending in your questions from week to week. We do try and cover them live with you on the phone or via email, but once in a while, I'll post some of those out and cover them here on the podcast episodes. First, I just want to let you know that I just got back from Thailand. In fact, I'm running on coffee at this point. I don't think I've slept in the last 48 hours because it's about 22 hours of travel. Yesterday, I couldn't sleep at all because of the time change. I'm effectively running on about 48 hours here of sleep deprivation. But the trip to Thailand was absolutely amazing. It's a beautiful country. The hospitality is amazing. We were able to eat some great food, ride and feed elephants, go kayaking in the caves, snorkel, go on some river raft rides. The people there are just unbelievably friendly and patient and courteous. It's a different culture, but it is something that is worth experiencing if you haven't been there. What was amazing, and I'm always looking at these different cities and markets in a different light. I always look at it from an economic perspective. I look at the businesses and I try to think about what the opportunities are there and what the restrictions are. This is true for any economy, not just Thailand. We had several tours and I asked our tour guide what the average annual income is of a person in Thailand. The range is pretty diverse. His comments were that the average Thai person makes 120,000 Thai Baht. To translate that into US dollars, 120,000 actually works out to be $3500 per year, not per month, $3500 US per year. That's according to our tour guide. I did a Google search on the same thing and I wanted to find out how much they make according to some analysis or reports online. What I was able to find was about half of that. It's amazing that these people really just live day-to-day, hand to mouth. They make just enough to survive to pay for their accommodation and food. They really don't have disposable money to spend on things like nice cars or jewelry or trips. They are just hand to mouth, but they're very happy. I won't say they're all happy, but they are satisfied. I talked to and met a lot of Thai people, many of which didn't speak much if any English. Everybody was just very courteous. We had a great time. We were there for two weeks. I apologize that I never had a podcast episode out last week. Obviously, that's the reason why. In fact, I purposely chose not to bring my laptop with me. I did bring my iPhone just to keep up on some email, which I checked late at night or first thing in the morning. For the most part, I was disconnected and unplugged from the world for most of the day. But I stayed in touch with our investment counselors and our team,

Ask Marco – Pre-Construction Risks, Evaluating Cash-Flow and Rates of Return | PREI 041

Apr 21, 2016 32:47

Description:

After returning from a two-week vacation in Thailand, I’m back to work answering listener questions. On today’s episode I talk about some miscellaneous stats and cover some listener questions including:

What do the successful 2% do that the other 98% don’t? Do you deal with “active” real estate investments? How should I evaluate a property’s cash-flow and rates of return? Are there more risks with pre-construction properties?

Enjoy the show!

If you missed last week’s episode, be sure to listen to Leveraging Your Cash, Equity and Time – Keith Weinhold.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Leveraging Your Cash, Equity and Time – Keith Weinhold | PREI 040

Apr 8, 2016

Description:

On today's episode our guest is Keith Weinhold.  Keith is the founder of Get Rich Education and is a popular podcaster, active real estate investor, business owner, and good friend. Keith shares his story of how he started in real estate and became an "accidental millionaire".  Many of you may want to copy that same formula. We discuss the differences between compounding and leverage.  Which one is better? We explore the concept of return on time - one of my personal favorites. And Keith shares some tips and advice for new investors looking to build a portfolio, and for seasoned investors wanting to get to the next level. Keith's website can be found at www.GetRichEducation.com. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   Leveraging Your Cash, Equity and Time – Keith Weinhold It’s my pleasure to welcome Keith Weinhold to the show. Keith is the founder of Get Rich Education and is a popular podcaster. He’s an active real estate investor, a business owner and a good friend. Keith, welcome to the show. Thank you so much for having me today, Marco. It’s great having you on. How’s the weather up there in Anchorage, Alaska? It is a gray, rainy, windy day here, but it didn’t stop me. I just got back from going on a run about an hour ago anyway. I’m feeling invigorated. You like to mountain climb, if I remember right? Yes, that is right. I wasn’t born and raised in Anchorage but I moved here because this place just fits me. I do a lot of mountaineering and skiing here in this city of 300,000, Anchorage Alaska. Only 300,000. It’s a beautiful place. I’ve seen many pictures of Alaska and Anchorage and it’s gorgeous. The lakes are just beautiful. One of these days, maybe I’ll have to fly up and go out for dinner with you. Yes, you sure will at some point. Only 300,000. This is the big city here. Almost half the population lives in this one city. A lot of old time sourdough Alaskans, they frown on urban Alaska and urban Anchorage. They make jokes. They say, “From Anchorage, you can see Alaska.” That’s a good one. All real estate is local. I have that saying, live where you want, invest where it makes sense. This segues into your story. Let’s get into your story here. You remind me of the “accidental” millionaire because of how you got started in real estate. Tell our listeners your story of how you discovered real estate investing. It was a little bit accidental. I was born and raised in Pennsylvania. I did not come from an entrepreneurial or a real estate family at all. In 1999, I moved to a place I dreamed of living, Anchorage, Alaska because I had vacationed here four times previously. I was really young when I moved here, I was coming of age. When it’s about time for me to buy my first home, I was hanging out with some friends that were, I guess productive-minded friends, aspirational. Like they say, you are the average of the five people that you spend most time with. Two of my friends, what they had done is they had bought their first home not as a single family home but what they did is they bought a fourplex building. They lived in one unit and rented out the other three. Now, one of my friends really had his act together, and the other was kind of a screw off. I knew if the screw off could do it, I could do it. In 2002, I started my real estate investing career, I didn’t know it was going to turn in to any sort of career, by buying an Anchorage, Alaska fourplex building for $295,000.  Between having some friends that were doing it and reading the influential book Rich Dad, Poor Dad around 2001, I had some context there.

Leveraging Your Cash, Equity and Time – Keith Weinhold | PREI 040

Apr 1, 2016 39:47

Description:

On today’s episode our guest is Keith Weinhold. Keith is the founder of Get Rich Education and is a popular podcaster, active real estate investor, business owner, and good friend.

Keith shares his story of how he started in real estate and became an “accidental millionaire”. Many of you may want to copy that same formula.

We discuss the differences between compounding and leverage. Which one is better?

We explore the concept of return on time – one of my personal favorites.

And Keith shares some tips and advice for new investors looking to build a portfolio, and for seasoned investors wanting to get to the next level.

Keith’s website can be found at www.GetRichEducation.com.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Why You Need a Broker’s Price Opinion | PREI 039

Apr 1, 2016

Description:

There are times when you may need a Broker's Price Opinion.  Are you even aware of what exactly a BPO is and is not?  Many investors aren't, and many don't even realize the many uses of getting a BPO done on your properties, or one's you're looking to purchase. On today's episode we talk to the owner of Lakeside BPO to better understand the differences between appraisals, Broker's Price Opinions, CMAs and regular sold comparables. If you missed last week’s episode, be sure to listen to How the Economic Machine Works – Ray Dalio. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Why You Need a Broker's Price Opinion On today's show, we're going to talk a little bit about Broker’s Price Opinions or what are known as BPOs. Most of you probably know what a BPO is. For those that don't, it's really a half-step between getting market comparables on a property and a full-blown appraisal. You might be asking, "Why do I need one? Why do I care?" This is what we're going to talk about with our guest today. You can see that there are times where it does make sense to get a BPO done. It could be just a check-up on your own property to do some due diligence on a property that you're looking at or in some situations where you have an appraisal that goes a little wonky comes in low and you need to justify the actual value of a property. This could be true if you're a buyer or a seller. In today's show, we're going to really explore what the BPOs are and what they're not and when they apply. Believe it or not, there are services out there that will provide this to you on a nationwide basis. It's my pleasure to introduce Cameron Gagnon to the show. Cameron is the Founder and Director of Operations at Lakeside BPO. They specialize in Broker Price Opinions and use their advanced proprietary software to efficiently service their client's requests quickly and accurately. Cameron, welcome to the show. Thank you very much, Marco. I really appreciate it. I didn't want to get too deep into your bio because I want you to explain what you do and how this all came to be. You're down in Arizona. Is that correct? That's right. We're in Lake Havasu City, Arizona. It's beautiful and sunny out, great weather. Cameron, tell us about your business, maybe a little bit of background on you and how you got into this business and why you started this business. Just educate ourselves and then we'll get into the weeds of what BPOs are and who uses them and why investors would need one and when they would need one. There’s some good stuff we're going to cover here today. I've been around real estate my whole life. Between family and companies that I've been around, I’ve done a lot of real estate stuff. I've been in the Broker Price Opinion world for several years now. I was working for a larger company that did the Broker Price Opinion and I was servicing them. At that time, I became really familiar with them and I quality controlled process of them and fulfilling them. It was almost a couple years ago, I started this business, Lakeside BPO, a Broker Price Opinion service, because I saw a need in the industry. The company I was working for before, I really became familiar with it and I was excited about it. I saw that there were a lot of directions that I could go personally to make this a better experience for both clients and vendors and real estate agents helping me out to make it a better deal. There are a lot of integrity issues with these companies, especially since they're such low dollar amount for the users, the real estate agents and the people fulfilling them that they're just not always incentive to pay.

Why You Need a Broker’s Price Opinion | PREI 039

Mar 31, 2016 30:02

Description:

There are times when you may need a Broker’s Price Opinion. Are you even aware of what exactly a BPO is and is not? Many investors aren’t, and many don’t even realize the many uses of getting a BPO done on your properties, or one’s you’re looking to purchase.

On today’s episode we talk to the owner of Lakeside BPO to better understand the differences between appraisals, Broker’s Price Opinions, CMAs and regular sold comparables.

If you missed last week’s episode, be sure to listen to How the Economic Machine Works – Ray Dalio.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How the Economic Machine Works – Ray Dalio | PREI 038

Mar 25, 2016

Description:

I think you are going to love this episode! What I’m excited to share with you today is the audio portion of one of the greatest videos ever produced that explains how the economy works.  More specifically, it’s titled “How the Economic Machine Works”.  The 30-minute video was produced and narrated by Ray Dalio. Who is Ray Dalio? Ray Dalio is an American businessman and the founder of the investment firm Bridgewater Associates.  He is one of the wealthiest people on the planet, with an estimated net worth of $15.4 billion (Forbes, 2015).  And Time magazine considered him one of the Top 100 most influential people in the world. I reached out to Ray last week and asked him if I could share his great explanation with my listeners, and he graciously agreed. Ray says that an economy is simply the sum of the transactions that make it up. A transaction is a simple thing. Because there are a lot of them, the economy looks more complex than it really is. Instead of looking at it from the top down, it’s much easier to understand if we look at it from the transaction up. Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor. And having a better understanding of it will help make you far more successful in all your financial and investment decisions. I’m sure many of you will want to listen to this episode more than once because of the amount of content packed into this audio-only reply. My suggestion is to listen to it at least once, then click the link in the show notes to watch the animated video. The animations give it another dimension that helps you visualize and better understand the concepts. So don’t feel overwhelmed if this is your first time hearing this. Plus, Ray shares his three rules-of-thumb that you can take away and apply to your own personal economy. Now, just sit back and enjoy this audio-only portion of “How the Economic Machine Works”. If you missed our last episode, be sure to listen to Viewing Properties Just Got Easier – WeGoLook. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How the Economic Machine Works – Ray Dalio What I'm excited to share with you today is the audio portion of one of the greatest videos ever produced that explains how the economy works. More specifically, it’s titled, How the Economic Machine Works. The 30-minute video was produced and narrated by Ray Dalio. Ray Dalio is an American businessman, but he's also the founder and more well-known for his investment firm or hedge fund, Bridgewater Associates. He's actually one of the wealthiest people on the people with an estimated net worth of $15.4 billion according to Forbes, that was a recent number. Time Magazine actually considered him one of the Top 100 Most Influential People in the World. I reached out to Ray last week and asked him if I could share his great explanation with my listeners. He graciously agreed. Ray says that the economy is simply the sum of all the transactions that make it up. A transaction is a simple thing. Because there are a lot of them, the economy looks more complex than it really is. Instead of looking at it from the top-down, it's much easier to understand if we look at it from the transaction up. Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor and having a better understanding of it will help make you a far more successful investor in all of your decisions, whether financial or otherwise. I'm sure many of you will want to listen to this episode more than once because of the amount of content that's ...

How the Economic Machine Works – Ray Dalio | PREI 038

Mar 24, 2016 34:16

Description:

I think you are going to love this episode!

What I’m excited to share with you today is the audio portion of one of the greatest videos ever produced that explains how the economy works. More specifically, it’s titled “How the Economic Machine Works”.  The 30-minute video was produced and narrated by Ray Dalio.

Who is Ray Dalio?

Ray Dalio is an American businessman and the founder of the investment firm Bridgewater Associates. He is one of the wealthiest people on the planet, with an estimated net worth of $15.4 billion (Forbes, 2015). And Time magazine considered him one of the Top 100 most influential people in the world.

I reached out to Ray last week and asked him if I could share his great explanation with my listeners, and he graciously agreed.

Ray says that an economy is simply the sum of the transactions that make it up. A transaction is a simple thing. Because there are a lot of them, the economy looks more complex than it really is. Instead of looking at it from the top down, it’s much easier to understand if we look at it from the transaction up.

Regardless of how important the economy may be to you, I think having a basic understanding of it will make you a smarter investor. And having a better understanding of it will help make you far more successful in all your financial and investment decisions.

I’m sure many of you will want to listen to this episode more than once because of the amount of content packed into this audio-only reply. My suggestion is to listen to it at least once, then click the link in the show notes to watch the animated video. The animations give it another dimension that helps you visualize and better understand the concepts. So don’t feel overwhelmed if this is your first time hearing this.

Plus, Ray shares his three rules-of-thumb that you can take away and apply to your own personal economy.

Now, just sit back and enjoy this audio-only portion of “How the Economic Machine Works”.

If you missed our last episode, be sure to listen to Viewing Properties Just Got Easier – WeGoLook.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Enjoy the show!

Viewing Properties Just Got Easier – WeGoLook | PREI 037

Mar 18, 2016 30:32

Description:

Wouldn't it be great to have a set of eyes, hands and feet in another market to help you check or verify almost anything you want? On this episode our guest is Robin Smith, the CEO of WeGoLook.com.  WeGoLook is an inspection company leveraging a sharing economy of over 20,000 agents.  They can inspect and verify properties, autos, boats, antiques, electronics, furniture, and almost any other asset. Learn how they can help you with your real estate investing by taking care of inspection and verification tasks that you can't easily or quickly do yourself. If you missed last week’s episode, be sure to listen to An Aussie’s Journey into U.S. Real Estate. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Viewing Properties Just Got Easier – WeGoLook We have a great show here for you today because what happens when you’re a long distance or out-of-state or maybe out-of-country investor. You're looking to purchase a property and of course you have a home inspection done and you have other team members helping you and moving you along on purchasing that first or second or fifth or tenth property. What if you need some extra services in terms of verifying information, verifying something about the property or maybe checking up on a work that has been done and you need a second opinion or just a simple confirmation of the work being done. There’s a solution out there and I came across a company last year some time and I looked into them and I thought this is a fascinating business. It’s a company where they will actually go out and inspect and verify virtually anything. I could be cars, boats, antiques, not just properties. I thought I need to get them on the show because this is a service that I myself will probably use with some of the projects that I'm doing right now out of state. A lot of investors, especially those that are still a little bit uncomfortable with the long distance investing and even foreign investors in other countries. We have clients in Canada, Australia, and UK. They may want to have this just as a supplement to the existing due diligence that they're doing. I brought the CEO of the company on and they are growing rapidly and they have expanded into multiple countries. This show is all about that. It’s really just how to supplement what you're already doing if you want it, and how to view your properties from afar.      It’s my pleasure to welcome Robin Smith to the show. Robin is the CEO of WeGoLook. WeGoLook is an inspection company leveraging a shared economy of over 20,000 agents. They can inspect and verify properties, autos, boats, antiques, electronics, furniture, and virtually almost any other asset. Robin, welcome to the show. Thank you, Marco. I really appreciate the opportunity to be here. Thank you. It’s certainly my pleasure. I actually found out about your service early last year. When I first heard about it, I thought that’s a neat concept, a neat idea. I wasn’t sure at the time how I would use it or how it would plug into our business model. The more I thought about it, especially as of late, the more I realize that’s a great idea. I wish I thought of that. It’s amazing. I’m excited to have you here and share this service with our listeners because many people will actually look into it further, maybe utilize your services. I certainly can see a fit for some of the projects that I’m working on. Tell our listeners what is WeGoLook. WeGoLook is basically a crowdsourcing platform. We feature, like you said, over 20,000 nationwide agents. We call them lookers. What we do is we dispatch them on behalf of our individual customer or could be an enterprise custo...

Viewing Properties Just Got Easier – WeGoLook | PREI 037

Mar 17, 2016 30:33

Description:

Wouldn’t it be great to have a set of eyes, hands and feet in another market to help you check or verify almost anything you want?

On this episode our guest is Robin Smith, the CEO of WeGoLook.com. WeGoLook is an inspection company leveraging a sharing economy of over 20,000 agents. They can inspect and verify properties, autos, boats, antiques, electronics, furniture, and almost any other asset.

Learn how they can help you with your real estate investing by taking care of inspection and verification tasks that you can’t easily or quickly do yourself.

If you missed last week’s episode, be sure to listen to An Aussie’s Journey into U.S. Real Estate.
Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

An Aussie’s Journey into U.S. Real Estate | PREI 036

Mar 11, 2016 33:55

Description:

On this episode our guest is Reed Goossens, the owner of RSN Property Group.  He lives in Los Angeles and is originally from Australia down under.  His background is as a structural engineer and currently owns properties in New York, Pennsylvania, and Texas. Reed moved to the U.S. in 2012 to pursue a career in structural engineering, however he discovered a passion for real estate investing.  With limited funds and no credit, Reed went from purchasing a small duplex to growing his own real estate investing firm, RSN Property Group.  Reed now syndicates large multi-million dollar deals across the U.S. Listen in as Reed shares his journey into U.S. real estate from his first property to commercial syndications. If you missed last week’s episode, be sure to listen to Make Better Decisions Using Neighborhood Info. Enjoy the show! - - - - - - - Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed An Aussie’s Journey into U.S. Real Estate Today’s show is a little different than most of the shows we’ve been doing. It’s more of a story with some golden nuggets throughout the episode. I met a person a few months back named Reed, who was a person from Australia, who came to the US. He was working a cubicle job, something that he was trained in, but didn’t really want to do for the rest of his life. At least, he didn’t himself wanting to do that for the rest of his life. He made the decision to jump into real estate investing here in the United States and started off with a property in New York and built it up to the point where he is now doing multi-hundred unit property syndications. This is his journey to the US and how he got started and what’s he’s looking for and where he’s investing. Really, what I want you to takeaway are some of the key concepts and nuggets that he shares with us today. If have any questions about real estate or real estate investing or what turnkey properties are, or how to get involved in them, just shoot us a question. You can go to PassiveRealEstateInvesting.com and just click the Ask Marco button. Send in your question. I’ll cover that on one of the future episodes. Also, you can just do that by voicemail. There’s a voicemail button right on the website there. If you are thinking about real estate and you want to have a free consultation with one of our investment counselors, by all means, get in touch with us, just head over to our website at NoradaRealEstate.com. We’ll be happy to spend time with you and put you on the right track, whether we can or can’t help you, that’s okay. We just want to see if there’s something out there where we can get you to the next level. Remember to subscribe. We have listeners in 110 countries now, or maybe more, we appreciate you being on the show. We love having you as a listener.     It’s my pleasure to introduce Reed Goossens to the show. Reid is the owner of RSN Property Group, focusing on multifamily acquisitions. He lives in Los Angeles and is originally from Down Under. His home country is Australia. He has properties in New York, Pennsylvania and Texas. His background is as a Structural Engineer. Reed, welcome to the show. Good day, Marco. I wanted to bring you on the show, Reed, because I've got introduced to you several months ago. I’ve been doing a little digging on you and learning about what you’re doing. I’ve heard you on several other podcasts. You have an interesting story. I wanted to bring you on to be on a show about an Aussie’s journey to the US, and what brought you here and what you’re doing in the US. I know you’re a big fan of passive real estate investing and passive income, and that really resonates with me.

An Aussie’s Journey into U.S. Real Estate | PREI 036

Mar 10, 2016 33:55

Description:

On this episode our guest is Reed Goossens, the owner of RSN Property Group. He lives in Los Angeles and is originally from Australia down under. His background is as a structural engineer and currently owns properties in New York, Pennsylvania, and Texas.

Reed moved to the U.S. in 2012 to pursue a career in structural engineering, however he discovered a passion for real estate investing. With limited funds and no credit, Reed went from purchasing a small duplex to growing his own real estate investing firm, RSN Property Group. Reed now syndicates large multi-million dollar deals across the U.S.

Listen in as Reed shares his journey into U.S. real estate from his first property to commercial syndications.

If you missed last week’s episode, be sure to listen to Make Better Decisions Using Neighborhood Info.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

ccMake Better Decisions Using Neighborhood Info | PREI 035

Mar 4, 2016 43:47

Description:

It's not enough to analyze a property, or even the overall market.  The neighborhood surrounding your property is permanently attached and important to consider when investing in rental properties.  You want to make sure that you understand where you're investing and that it fits your goals and investment criteria. On this episode we talk to Dr. Andrew Schiller.  Dr. Schiller is the Founder, CEO and Chief Scientist of Location, Inc.  He is responsible for inventing the search and neighborhood matching algorithms that powers www.NeighborhoodScout.com. This is an episode you'll want to listen to twice. If you missed last week’s episode, be sure to listen to Market Spotlight: Investing in Indianapolis. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Make Better Decisions Using Neighborhood Info We have a very special show for you today. I have Dr. Andrew Schiller on the show from NeighborhoodScout. That product is something we use a lot in addition to many other tools. I've been wanting to get Dr. Schiller on for three or four months now because he's a very, very smart guy who aggregates a lot of data and has a tool called NeighborhoodScout.com that's been around for many, many years. It's just chockfull of information. When we talk to investors, a lot of times, we go from talking about the market to talking about the property. Although there's consideration and thought about the neighborhood, it seems that many investors skip over the neighborhood as if it's just something that is attached to the hip of the property. Really, a lot plays into the decision of what you're investing in because of the neighborhood: the demographics, maybe crime, schools, the percent of owner occupied homes, the number of people with college degrees, whether they're white-collar, blue-collar workers, income levels and all that kind of stuff. Where do you get that data? It's peppered all over the internet. You can go to many different websites and pull some of it from here and some of it from there, Bureau of Labor Statistics, the different government websites. But there's no one website or one place where you can get all that data. One of the websites that we like to use is NeighborhoodScout.com. There's a lot of that information, not everything but a lot. It's just one of the tools in the toolbox. On today's show, we have Dr. Schiller talking about his company, the product, how they're aggregating data and how you could use this tool to help you make better decisions in your investing, whether you're purchasing a turnkey property or whether you're purchasing a distressed property, you're going to be fixing it up to keep it or fixing it up to flip it. At least you have a better understanding of what you have and what you're dealing with. It's my pleasure to welcome Dr. Andrew Schiller to the show. Dr. Schiller is the founder, CEO and Chief Scientist of Location, Inc. He's responsible for inventing the search and neighborhood matching algorithms that powers NeighborhoodScout.com. Andrew, welcome to the show. Thank you, Marco. It's a pleasure to be here. I'm happy to have you here. I've been thinking about getting you on the show for the last three or four months. I've been dealing with a lot of other issues and I've been very, very busy so I haven't had the time to bring you on. The reason I wanted to bring you onto the show is because you have an impressive tool that I've been using for a number of years. I've been a subscriber of yours for a number of years. I actually use it for my own investing and our company uses it internally here to look at different properties for our clients to help match those...

Make Better Decisions Using Neighborhood Info | PREI 035

Mar 3, 2016 43:48

Description:

It’s not enough to analyze a property, or even the overall market. The neighborhood surrounding your property is permanently attached and important to consider when investing in rental properties. You want to make sure that you understand where you’re investing and that it fits your goals and investment criteria.

On this episode we talk to Dr. Andrew Schiller. Dr. Schiller is the Founder, CEO and Chief Scientist of Location, Inc. He is responsible for inventing the search and neighborhood matching algorithms that powers www.NeighborhoodScout.com.

This is an episode you’ll want to listen to twice.

If you missed last week’s episode, be sure to listen to Market Spotlight: Investing in Indianapolis.
Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Market Spotlight: Investing in Indianapolis | PREI 034

Feb 26, 2016 31:56

Description:

Why invest in Indianapolis? On this episode we take a close look at the Indianapolis, Indiana market and why it has been a perennial market for real estate investors.  The affordability, price points and quality of properties makes it one of the favorite markets among real estate investors. The Indianapolis market is landlord friendly, and ranks as one of the cleanest and safest cities in the country. If you're looking for cash-flow in a solid stable market then Indianapolis turnkey rental properties may be the right addition for your portfolio.  Find out more by contacting one of our Investment Counselors at Norada Real Estate Investments. If you missed our last episode, be sure to listen to My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Market Spotlight: Investing in Indianapolis It’s my pleasure to introduce one of our local market specialists in the Indianapolis market. Michael is one of our partners. We’ve been working with him for many, many years. In fact, it goes back to about 2008. He has been buying, rehabbing and selling turnkey investment properties in the Indy market since 2008. He has bought and sold 600 or maybe even more than 600 homes in that time frame. I’m glad to have met him a long time ago. We’ve had a great working relationship. I’m going to welcome Michael to the show. Thank you, Marco, my friend. I’m glad to be here. Obviously, you and I are both are passionate about what we do and we like to help our investors out. I think your numbers are probably about the same as mine. We’re close to about 65%-75% of our businesses repeat and referral business. Glad to be a part of the team. I’ve been wanting to do a market spotlight on the Indy market for a while now. This is our third one and we’ll probably do one for every single market. Indy is a popular market. It’s what I call a perennial market. We always get interest in it because it’s one of those linear markets. It doesn’t go up and down, like the Coastal markets of the US. Michael, tell us how you got involved in real estate. I always like to start off with a little bit about you and your background so people get a perspective and a context of where you’re coming from. My background is in the stock market. I enjoy trading stocks and options. I love it. I just really enjoy either developing passive income or structuring passive income for myself. As fate would have it, my story is hopefully new and not familiar to you. When I was 31 years old, my dad passed away. My mom needed a steady source of income that didn’t rely on the stock market or any other investments. At that time, I think I had five or six homes at the time. My stock market investments would go up and down. A few of my other things were spotty at best. My Indianapolis real estate was just pretty consistent. It didn’t double in value in a year or two, but all it did is send me checks every single month. That's really what my mom needed and wanted. I have done deals in about five different states, but my holdings and my consistent cashflow came from the Indianapolis market. With that positive experience underneath my arm, I decided to build a company that was built by investors for investors, as I like to say, in that area. It has gone gangbusters ever since. You do put up a great product. I think that was a very smart decision to make that shift away from paper assets like stocks, bonds, mutual funds, and into hard assets like income-producing real estate, especially today. I don’t need to tell you how erratic and volatile the markets are. Frankly,

Market Spotlight: Investing in Indianapolis | PREI 034

Feb 25, 2016 31:56

Description:

Why invest in Indianapolis?

On this episode we take a close look at the Indianapolis, Indiana market and why it has been a perennial market for real estate investors. The affordability, price points and quality of properties makes it one of the favorite markets among real estate investors.

The Indianapolis market is landlord friendly, and ranks as one of the cleanest and safest cities in the country.

If you’re looking for cash-flow in a solid stable market then Indianapolis turnkey rental properties may be the right addition for your portfolio. Find out more by contacting one of our Investment Counselors at Norada Real Estate Investments.

If you missed our last episode, be sure to listen to My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy | PREI 033

Feb 20, 2016 17:57

Description:

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! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed 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'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. It’s a wonderful feeling to be able to do that. That’s the purpose of this podcast.

My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy | PREI 033

Feb 20, 2016 17:57

Description:

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!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth | PREI 032

Jan 15, 2016 55:51

Description:

On this episode we learn how to keep more of what we make and legally pay less tax (or not tax) on our income and real estate! Our guest is Tom Wheelwright -- a leading tax and wealth expert, speaker, and a Rich Dad Advisor to Robert Kiyosaki (author of Rich Dad Poor Dad). Tom is best known for making taxes fun, easy and understandable and is the bestselling author of Tax-Free Wealth. You can buy his book at most retailers or on Amazon: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Visits Tom's company website (ProVision Wealth Strategists) at www.taxfreewealthadvisor.com - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth It’s my pleasure to welcome Tom Wheelwright to the show. Tom is a leading tax and wealth expert, a speaker, and a Rich Dad Advisor to Robert Kiyosaki, author of Rich Dad Poor Dad. Tom is best known for making taxes fun, easy and understandable, and is the best-selling author of Tax-Free Wealth. He specializes in helping investors permanently reduce taxes, and that’s the reason I wanted to bring him on the show today. Tom, welcome to the show. Hey, thanks so much for having me. It’s great to be on your show. It’s my pleasure to have you. I’ve been actually looking forward to this episode because taxes are one of those things that nobody likes to think about, nor do they like to pay it. It’s been said that taxes are the largest single expense, in fact, that’s a quote from Robert Kiyosaki. I think it’s timely to have you here on the show in January, and I’m pretty excited to talk to you. I’m always excited to talk about tax. As we were talking beforehand, I am, first and foremost, a tax nerd. I absolutely love tax, I love the tax law. I was actually doing a little research the other day, and I think the Bible has 800,000 words to it, and the tax code, just the law, no ruling, regulation, anything else, has over two and a half million. There’s this famous quote from Albert Einstein saying, “The most difficult thing in the world to understand is income tax.” I just like that quote because it makes me feel good about myself, but I do recognize that it is something that people, like you say, taxes are bad word, it’s a bad thing. But there are so many opportunities to reduce your taxes, that if we can turn it into a good word, then we now have just a lot more money to use to invest and build our wealth. We’re both very big on education, and I’ve read your book in 2012 when it came out, your book Tax-Free Wealth. One of the things you say in there is that, taxes can make you rich or make you poor, it’s your choice. Let’s start off by talking about what tax-free wealth is. How do you describe that to people? Tax-free wealth is really a function of understanding how the tax law works and what it really is. Most people look at the tax laws, and in fact, most tax advisors look at the tax law as, this is the government out to get us, and it is completely the opposite. I’ve been a student of taxes for over 35 years. What’s really clear to me is that, there’s only one line in the tax law that actually raises revenue. There’s a line that says, basically, all income is taxable unless we say it isn’t. Then there’s about 29 pages of charts and tables that tell us how much to pay on that income. The rest of the tax law, the rest of the two and a half million words is an instruction guide on how to reduce your taxes. Once we get that in our minds, then all of a sudden … if we’re looking at this as, if I understand this, I can do something about it, which is different than, there’s nothing I can do.

Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth | PREI 032

Jan 14, 2016 55:52

Description:

On this episode we learn how to keep more of what we make and legally pay less tax (or not tax) on our income and real estate!

Our guest is Tom Wheelwright — a leading tax and wealth expert, speaker, and a Rich Dad Advisor to Robert Kiyosaki (author of Rich Dad Poor Dad). Tom is best known for making taxes fun, easy and understandable and is the bestselling author of Tax-Free Wealth.

You can buy his book at most retailers or on Amazon:

Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes

Visits Tom’s company website (ProVision Wealth Strategists) at www.taxfreewealthadvisor.com

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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13 Things Successful People Do Differently | PREI 031

Jan 9, 2016 29:58

Description:

I want to take a moment to wish all of you and your families a very Happy New Year! We hope that 2016 is full of joy and prosperity.

The beginning of a new year lets us revisit and refine our investing goals. And, as you know, our focus here is to educate, motivate and empower you to become better real estate investors.

We have big plans and goals for 2016, and we can’t wait to share them with you.

What goals have you set for yourself in the coming year? What do you want to accomplish? What habits do you want to change?

It should be no surprise that successful people had to do things differently to get to where they got. They worked hard, made good decisions, stayed motivated and focused on what was important to them. That will be you if you believe in yourself.

Here are some things successful people did that you can do as well to achieve your goals.

If you missed our last episode, be sure to listen to Pros and Cons of “Active” Real Estate Investing with Mike Hambright.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

13 Things Successful People Do Differently | PREI 031

Jan 7, 2016 29:58

Description:

Welcome to 2016... We hope you had an awesome start to your New Year! I want to take a moment to wish all of you and your families a very Happy New Year!  We hope that 2016 is full of joy and prosperity. The beginning of a new year lets us revisit and refine our investing goals.  And, as you know, our focus here is to educate, motivate and empower you to become better real estate investors. We have big plans and goals for 2016, and we can't wait to share them with you. What goals have you set for yourself in the coming year?  What do you want to accomplish?  What habits do you want to change? It should be no surprise that successful people had to do things differently to get to where they got.  They worked hard, made good decisions, stayed motivated and focused on what was important to them.  That will be you if you believe in yourself. Here are some things successful people did that you can do as well to achieve your goals. If you missed our last episode, be sure to listen to Pros and Cons of “Active” Real Estate Investing with Mike Hambright. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed 13 Things Successful People Do Differently Welcome to 2016. We hope you had an awesome start to your New Year. I want to take a moment to wish all of you and your families a very happy new year. We hope that 2016 is full of joy and prosperity. At the beginning of a new year, let us revisit and refine our investment goals. As you know, our focus here is to educate, motivate and empower you to become better real estate investors. We have big plans and goals for 2016. We can’t wait to share them with you as the weeks go by. What goals have you guys set for yourselves in this coming year? What do you want to accomplish? What habits do you want to change? It should be no surprise that successful people had to do things differently to get where they got to. They work hard. They make good decisions. They stayed motivated and they focused on what was important to them. That can be you. The will and the belief in yourself is very important. Here are some things that I’ve listed out that successful people did. It should be no surprise that successful people had to do things differently to get to where they got to. They worked hard. They made good decisions. They stayed motivated and focused on what was important to them. That can be you too, if you believe in yourself. Here are some things that successful people do that can help you achieve your goals as well. I’m going to list thirteen things that successful people do differently. Hopefully, you can adopt this into your own routine and make this year your best year ever. The first thing they do is they create and pursue SMART goals. I know you hear this time and time again at the beginning of every year about goal-setting and achieving goals. Let’s break this down and look at what smart goals are. Successful people are objective. They have realistic targets in their mind. They know what they are looking for and why they are fighting for it. Successful people create and pursue SMART goals. SMART is an acronym. What that means is goals are specific, measurable, attainable, relevant and timely. Let’s break these down and see what each of these mean. A general goal would be something like getting shape. But a related specific goal would be to join a health club and work out three days a week for the next 52 weeks. A specific goal has a far greater chance of being accomplished because it has defined parameters and constraints. That’s a specific goal. The M in SMART refers to measurable. There must be a logical system for measuring the progress ...

Pros and Cons of “Active” Real Estate Investing with Mike Hambright | PREI 030

Dec 24, 2015 34:58

Description:

  In this episode we discuss some of the pros and cons of "active" real estate investing -- the opposite end of "passive" real estate investing.  That means you're actively involved in the deal -- whether that is wholesaling, rehabbing, or flipping properties.  It's certainly not for everyone, but it can be a good business for those with the desire and time to do so. Our guest is Mike Hambright.  Mike is real estate investor, mentor and entrepreneur who has purchased and renovated hundreds of houses from when he started in 2008.  Mike recruits and mentors new franchisees into the "We Buy Ugly Houses" system.  And he's also the founder of FlipNerd.com. If you missed last week’s episode, be sure to listen to Nationwide Rental Property Insurance. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Pros and Cons of Active Real Estate Investing with Mike Hambright Today's show is a little different. It's about the active real estate investing side of the equation. I am bringing on one of my friend's here today who is heavily in that space on rehabbing and finding properties to fix and flip or keep for himself, what we call distressed properties. Sometimes these are also distressed sellers. It's not always that the property is ugly. It could be that there's a situation where you have a distressed seller. There's some life event or situation going on and they just can't afford to keep their house and they have to sell it. You may be able to find a good deal like that where you pick it up and get a really good price. All you have to do is some cosmetic work and you can keep that house or you can flip that house or you can flip the contract, something known as wholesaling. I just wanted to expose you to the other side of the real estate investing spectrum. I focus on the passive side because I just like to have those streams of cash coming in and being able to do other things. I know there are people who are on the fence and thinking about rehabbing or thinking about flipping properties or doing something along those lines. I thought I'd bring Mike in today to talk about that. It's my pleasure to welcome Mike Hambright to the show. Mike is a real estate investor, a mentor, an entrepreneur who has purchased and renovated hundreds of houses from when he started back in 2008. Mike recruits and mentors new franchisees into the We Buy Ugly Houses system, which he'll talk about. He's also the founder of FlipNerd.com and the related podcast show, Flip Nerd. Mike, welcome to the show. Hey, Marco. Thanks for having me. It's great having you on. Let's start off by telling our listeners where you're located. I'm based in Dallas, Texas. Things we do are more and more becoming virtual but that's where home is. Mike, the reason I wanted to bring you on the show, it seems like a little bit of an antithesis to what the show is about. The theme of my show is passive real estate investing. There are a lot of people out there who think about the active side of it or maybe want to dabble in it. Passive real estate investing to me is having streams of cash versus having chunks of cash. Active real estate investing would be things like wholesaling, rehabbing, and flipping. This is really what you've done a lot of and you're really good at. That's the whole reason I wanted to have you on the show. Let's start off by introducing our listeners to who you are and where you came from. Maybe talk about your story, how you went from corporate America, you and your wife, into the real estate space. Probably a lot of the people that are listening here, I had a lot of interests.

Pros and Cons of “Active” Real Estate Investing with Mike Hambright | PREI 030

Dec 24, 2015 34:58

Description:

In this episode we discuss some of the pros and cons of “active” real estate investing — the opposite end of “passive” real estate investing. That means you’re actively involved in the deal — whether that is wholesaling, rehabbing, or flipping properties. It’s certainly not for everyone, but it can be a good business for those with the desire and time to do so.

Our guest is Mike Hambright. Mike is real estate investor, mentor and entrepreneur who has purchased and renovated hundreds of houses from when he started in 2008. Mike recruits and mentors new franchisees into the “We Buy Ugly Houses” system. And he’s also the founder of FlipNerd.com.

If you missed last week’s episode, be sure to listen to Nationwide Rental Property Insurance.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Nationwide Rental Property Insurance | PREI 029

Dec 17, 2015 29:12

Description:

In this episode we continue our discussion about rental property insurance.  This is a supplement to the last episode on insurance. Our guest is Ed Babtkis -- the founder of Ross Diversified Insurance Services.  They are licensed in 49 states and insure thousands of properties around the United States.  They’re property owners themselves, so they fully recognize the need for customized insurance for real estate investors. One of the unique things about Ross Diversified is their ability to cover rental property insurance on a nationwide basis. Ed Babtkis can be reached at www.RossDiv.com or call them at (800) 210-7677. If you missed our last episode, be sure to listen to Rental Crisis in the US. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Nationwide Rental Property Insurance Today's show is about property insurance. It's not like the last episode we had about property insurance. I wanted to bring on a new provider that I have found just recently that provides nationwide property insurance. They're one of the few, in fact I only know of two, that provide property insurance for investors on a nationwide basis. I thought I'd bring him on, not to rehash what we covered in a previous episode with someone else about property insurance, but to supplement that episode because this is another option. I wanted to get Ed's perspective on a few things related to coverages, replacement costs versus actual cash value, some gotchas, how the policy actually works. It's a short episode. I think you'll enjoy it and hopefully it'll just add to your knowledge about property insurance and what you should have, what you shouldn't have, and how much to cover. It's my pleasure to welcome Ed Babtkis to the show. Ed is the founder of Ross Diversified Insurance Services. They are licensed in 49 states. They insure thousands of properties around the United States. They're property owners themselves so they fully recognize the need for customized insurance. Ed, welcome to the show. Good afternoon and thank you. It's good to be here. It's my pleasure having you on. You're located here in my backyard in Orange County, California. Correct? We are. Our programs are nationwide but the office is homebased in Orange. The reason I wanted to get you on the show is because you have a rather unique approach to insurance. You are one of only two nationwide insurance companies that I know of. The first one, there’s a little bit of some sketchiness that I'm watching right now in terms of how they perform and whether they pay on their policies or not. I've heard good things about your company and I'm surprised that I didn't know about you sooner because I've been doing this for over twelve years. I'm glad to have you on the show. I want to, in a good way, expose you and your services to our listeners and our clients. I figure I'd ask you some basic questions and get into your program. There's lots of reasons why perhaps you haven't heard of us before. With the recent entrance of places like Blackstone and Colony taking the single-family dwelling business into a national spotlight, if you will, more insurance carriers have become a little bit more interested in getting involved in serving this community. That's an interesting comment because this space, what a lot of people refer to as the "mom and pop" investment space where it's mostly just individual and smalltime investors that invest in real estate, it really is a fragmented industry. There really is very few, if any, true nationwide companies whether it be property management or insurance or construction or you name it.

Nationwide Rental Property Insurance | PREI 029

Dec 17, 2015 29:12

Description:

In this episode we continue our discussion about rental property insurance. This is a supplement to the last episode on insurance.

Our guest is Ed Babtkis — the founder of Ross Diversified Insurance Services. They are licensed in 49 states and insure thousands of properties around the United States. They’re property owners themselves, so they fully recognize the need for customized insurance for real estate investors.

One of the unique things about Ross Diversified is their ability to cover rental property insurance on a nationwide basis.

Ed Babtkis can be reached at www.RossDiv.com or call them at (800) 210-7677.

If you missed our last episode, be sure to listen to Rental Crisis in the US.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Rental Crisis in the US? | PREI 028

Dec 11, 2015 18:44

Description:

Is there a Rental Crisis in the US? It depends on how you look at it!

In this episode I look at the U.S. rental “crisis” and what it means for tenants and landlords. What are the trends? Are opportunities getting better or worse? Where do we go from here?

Whether you’re starting out, or a seasoned real estate investor, this is a question worth investigating.

If you missed our last episode, be sure to listen to How to Self-Manage Your Properties.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Rental Crisis in the US? | PREI 028

Dec 10, 2015 18:43

Description:

Is there a Rental Crisis in the US?  It depends on how you look at it! In this episode I look at the U.S. rental "crisis" and what it means for tenants and landlords.  What are the trends?  Are opportunities getting better or worse?  Where do we go from here? Whether you're starting out, or a seasoned real estate investor, this is a question worth investigating. If you missed our last episode, be sure to listen to How to Self-Manage Your Properties. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Rental Crisis in the US? I want to begin by thanking all of you for making the show the success it is. We're now heard in 110 countries around the world. That is just mindboggling that we can actually have that much of a reach. I want to mix up the topics a little bit. Sometimes, we're going to talk about housing. Sometimes, we're going to talk about economics. Sometimes, we're going to talk about tactics such as asset protection or maybe tax strategies or market spotlights. Today, I want to talk about the so-called rental crisis. Do we have a rental crisis here in the United States? It depends on how you look at it. What side of the equation are you on? For most of us, at least the people listening to this show, it might be a huge benefit because we are effectively real estate investors and landlords. Our service is to provide tenants who need housing with clean, safe, and affordable housing that they can live in and be happy and pay their monthly rent. That rent pays off our mortgage and our expenses and hopefully there's some left over at the end of the month, which becomes positive cashflow for us. That pool of tenants has been increasing quite rapidly over the years. Today, we're at a situation where home ownership in the US is at a 48-year low. It's the lowest since 1967. That trend is continuing. Even though the government has tried to step in and interject with introducing more lenient qualification criteria in terms of mortgage financing, I don't think that's going to stand the tide. This is a trend that's going to continue for years to come. The other issue too is that we're seeing real incomes declining. In other words, for a long time now, real income has declined in terms of real numbers. In other words, when you adjust for inflation, people's income year-over-year has actually declined or stayed flat. It hasn't increased like the media has led us to believe. In regards to home ownership, the problem is that fewer and fewer households can afford to buy a house. Even with these low interest rates, there are more and more people renting than buying today and that's by choice or by necessity. This increased rental pool has caused increased demand and that increased demand has pushed rents through the roof. That's one of the effects that we're seeing. The nation's home ownership rate does continue to decline and I foresee that to continue for years to come. It peaked at 69 .2% to be specific, back in 2004. Today, we see it 63.4%, that's a huge drop. For every percentage decrease in that home ownership rate, we're seeing somewhere in the neighborhood of probably a million new people coming into the rental pool. That's a huge number. They need to live somewhere. That's where we hopefully step in as real estate investors, to provide them clean and affordable housing. What happened? This started off with tighter mortgage standards. Now we're seeing multiple credit checks, owner’s income and assets verification, these are headaches, higher credit score requirements and lower debt-to-income ratios. Also, we're seeing lackluster income growth as I mentioned before.

How to Self-Manage Your Properties | PREI 027

Dec 4, 2015 55:15

Description:

In this episode we discuss the considerations and process for self-managing your rental properties. Can it be done?  Many people self-manage – even from thousands of miles away.

Our guest is Lucas Hall, the Chief Landlordologist at Cozy, and the founder of Landlordology.com. He has been a successful landlord for over 10 years, self-managing dozens of happy tenants.

Some of the topics we discuss include:

Why did you choose to self-manage over hiring a professional manager? How should an investor decide whether to self-manage or hire a property manager? What are the pros and cons? What is your management process? How can the free tool at Cozy.co help a landlord? What tips can you share for self-managing landlords?

If you missed our last episode, be sure to listen to Property Management Secrets with Brenton Hayden.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Self-Manage Your Properties | PREI 027

Dec 3, 2015 55:14

Description:

In this episode we discuss the considerations and process for self-managing your rental properties.  Can it be done?  Many people self-manage - even from thousands of miles away. Our guest is Lucas Hall, the Chief Landlordologist at Cozy, and the founder of Landlordology.com.  He has been a successful landlord for over 10 years, self-managing dozens of happy tenants. Some of the topics we discuss include: Why did you choose to self-manage over hiring a professional manager? How should an investor decide whether to self-manage or hire a property manager? What are the pros and cons? What is your management process? How can the free tool at Cozy.co help a landlord? What tips can you share for self-managing landlords? If you missed our last episode, be sure to listen to Property Management Secrets with Brenton Hayden. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed How to Self-Manage Your Properties Today’s show is about self-managing your properties and how do you go about doing that. Most of our clients manage their properties through a professional property management company that we have in every market that we have properties in. Often, we’ll have two to three professional management companies that work with us through our referral network. However, there are some investors that prefer to manage their own properties. Last week, I had an episode about managing properties through professional management. I had Brenton Hayden from Renters Warehouse on. That was a great episode. There was a lot of good information covered in that one. That was centered around using a professional manager. This week, I wanted to bring on a guest who is the Chief Landlordologist at a company called Cozy. He’s also the founder of a website known as Landlordology.com. That website is a community of real estate investors who self-manage. It’s chock-full of great information that covers everything from qualifying and screening tenants to finding tenants, to evictions and whatnot. I brought on Lucas who is the founder of Landlordology to talk about how he goes about self-managing and going through the process. I asked him various questions to try and get into some tactical items and the how-to’s, not just what to look for but how to actually do it. Hopefully, you’ll appreciate this episode and get a lot out of it. If you have any questions about what we cover, don’t hesitate to reach out to Lucas. He’s a very, very nice guy. This is what he does all day long. He answers questions about self-managing property and how to do it, what tools are out there and he blogs about it. It’s my pleasure to welcome Lucas Hall to the show. Lucas is the Chief Landlordologist at Cozy and the founder of Landlordology.com. He has been a successful landlord for over ten years, self-managing dozens of happy tenants. Lucas, welcome to the show. Thanks for having me. To give people a sense of geography, why don’t you tell them where you’re located? I’m located at the DC Metro region in Northern Virginia. That’s a pretty pricey real estate market there, isn’t it? It is. As a real estate investor, it does make it somewhat difficult just to pick up properties on a weekend. I have to put in a little more planning. I know you self-manage all your properties which is what the topic of the show is about. Are all your properties located locally or are they out of state? Both, I should say. They’re located in Northern Virginia, DC. I have one in Colorado. Just briefly tell us how you got started in real estate investing because a lot of people who invest,

Property Management Secrets with Brenton Hayden | PREI 026

Nov 29, 2015 47:51

Description:

In this episode we discuss the importance of property management and what things to consider when selecting and working with a property management company.

Our guest is Brenton Hayden — the founder and chairman emeritus of Renters Warehouse USA, a six time honoree of the Inc. 500|5000 list. Brenton attended Harvard Business School and MIT’s Sloan School of Management and was named the youngest franchisor in America by Inc. Magazine in 2011 at the age of 25.

Breton can be reached on LinkedIn at https://www.linkedin.com/in/brentonhayden.

His company’s website is www.RentersWarehouse.com.

– – – – – – – – – – – – – –

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Property Management Secrets with Brenton Hayden | PREI 026

Nov 26, 2015 47:51

Description:

In this episode we discuss the importance of property management and what things to consider when selecting and working with a property management company. Our guest is Brenton Hayden -- the founder and chairman emeritus of Renters Warehouse USA, a six time honoree of the Inc. 500|5000 list.  Brenton attended Harvard Business School and MIT’s Sloan School of Management and was named the youngest franchisor in America by Inc. Magazine in 2011 at the age of 25. Breton can be reached on LinkedIn at https://www.linkedin.com/in/brentonhayden. His company's website is www.RentersWarehouse.com. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed - - - - - - - Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. This is the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. Today's show is a very important show about property management. As you know, my eighth rule of successful real estate investing is to use professional property management. You never should manage your properties on your own. There's a few exceptions to that, but generally speaking, it's not a good idea. Property management is a thankless job and it requires a solid understanding of tenant landlord laws, a solid understanding of marketing skills, strong people skills. These are all things that allow you to deal with your tenants and your tenant complaints and excuses when they come up. You see, your time is your most valuable resource, it is precious. You should spend your time with your family, on your career, and looking for more investment property. Property management is not the thing you should be doing. What do you look for in a property manager? There's different reasons to have property management. For example, your property manager or at least the professional property manager will know how to market your property to keep it rented. Vacant rental properties are a drain on you and a drain on your cash-flow, and it doesn't make a productive asset. An experienced property management company will know how to aggressively market that property and keep it leased. The second, you get better tenant screening, an experienced property management company is more likely to have an effective system for screening and qualifying tenants that will ensure that your property has quality tenants that will meet their financial obligations. That means that they'll take better care of your property too. Thirdly, having a professional property management company will protect your investment. An experienced property management company will take better care of your property. Now, what do I mean by that? A property management company that has been in business for a number of years, they'll have seen and heard everything. They would have come across virtually every possible problem and scenario and be able to confidently handle those problems, as they arise, quickly and efficiently. Last but not the least, having professional property management makes owning your rental properties a more simple and convenient investment. You see, a company with years of experience in property management, they have systems in place. They'll be able to have a streamline process setup so owning rental properties becomes a simple passive, not disconnected, but a passive investment for you. That gives you the time to do other things while you still enjoy the financial benefits of owning that investment property.     Property Management Secrets with Brenton Hayden   On today's show, we have a very special guest, someone I’ve known for a great number of years.

What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

Nov 12, 2015 54:47

Description:

In this episode we talk to Chris Picciurro, the co-founder of Integrated Financial Group, about the many important tax-related topics related to investing in the United States as a foreign national.  There's a lot to consider from withholding taxes, tax reduction strategies and asset protection.  This episode is full of great content and a must listen if you're an investor from any country outside the U.S. His contact information is: Chris Picciurro 1 (888) 434-7791  x106 www.integratedfg.com http://www.linkedin.com/in/picciurro Twitter: @PiccCPA - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   What Foreigners Need to Know When Purchasing Property in the US with Chris Picciurro Welcome to Passive Real Estate Investing. I’m your host Marco Santarelli. I just finished recording an interview with a very knowledgeable CPA who’s the co-founder of Integrated Financial Group, and what we discussed is taxes. But don’t let that turn you off. Taxes as it relates to foreign national investors. If you are looking to invest in the United States or you have been investing in the United States, you’ll definitely want to listen to this episode. Chris specializes in taxes for non-resident and non-US citizens that are looking to buy or are already purchasing investment property in the United States. He has some great advice. We stopped to look at estate taxes, withholding taxes, how to structure your entities. Now this is not case specific. We had to be somewhat general, but there’s so much great content. I hope you get a lot out of this episode as we talk to him about purchasing property here in the US. I hope you find this episode informative because tax laws can be complicated but it really comes down to a case by case basis. Stay tuned.  It’s my pleasure to welcome Chris Picciurro. He is the Executive Officer and Co-founder of Integrated Financial Group. This guy has a list of credentials longer than my arm. I’m just going to highlight some of the stuff here. He has over 15 years’ experience as a CPA, including an adjunct instructor at Davenport University. He’s an Accounting Instructor with an MBA program, I think I got that right. He’s a graduate of Michigan State University. Has an MBA from the University of Detroit. He is extremely knowledgeable when it comes to taxes, especially as it relates to foreign investors. His list goes on and on. I’m not sure what this means but Chris maybe could tell us a little about it, Rich Dad Educational Events. Anyway, Chris, welcome to the show. Hi, Marco, it’s good to talk to you again. How are you? I’m doing fantastic.  I’m excited to have you on the show here because we work with investors not only around the United States but around the world. A lot of them come from Canada, Australia, England, we have some people from Japan, so it varies. I know you can talk a lot about taxes as they relate to citizens within and outside the United States. But for today, at least, I want to put more of a focus on taxes as they relate to foreigners investing within the country. That’s framing this episode. Let’s start off by talking about where you’re located. Maybe you can explain this Rich Dad Educational Event. Our headquarters is in the Detroit Area, outside of Detroit, Michigan. Although the scope of our practice is not only throughout the United States but it’s throughout the world. We specialize in assisting non-US residents that buy investment property here in the United States. We have been very fortunate to work with clients in over 40 different countries at this point and our client base spans over 30 US States as far as where these investments are taking place in t...

What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

Nov 12, 2015 54:48

Description:

In this episode we talk to Chris Picciurro, the co-founder of Integrated Financial Group, about the many important tax-related topics related to investing in the United States as a foreign national. There’s a lot to consider from withholding taxes, tax reduction strategies and asset protection. This episode is full of great content and a must listen if you’re an investor from any country outside the U.S.

His contact information is:

Chris Picciurro
1 (888) 434-7791 x106
www.integratedfg.com
http://www.linkedin.com/in/picciurro
Twitter: @PiccCPA

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

 

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Ask Marco – Top 10 Real Estate Books, How Important is a Property’s Age, Investing as a Foreigner | PREI 024

Nov 6, 2015 20:47

Description:

In this episode of "Ask Marco" we answer more listener questions including: Do you have any newspapers or real estate journals you read frequently? Any books you can recommend to someone with little capital? What benchmarks do you use when evaluating a property as it relates to the property's age? Do old houses appreciate as well as newer houses? Does a remodel catch an old house up to new house profitability? What is the process like for a Canadian to invest in real estate? And more...   Here is my list of the Top 10 Real Estate Investing Books - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed   Ask Marco - Top 10 Real Estate Books, How Important is a Property’s Age, Investing as a Foreigner On today's show, we're doing another Ask Marco episode. We have three questions here that were sent in just not too long ago from our website at PassiveRealEstateInvesting.com. Our first email is from a guy named Josh. He says, "Hi, Marco. I recently started listening to your Passive Real Estate Investing podcast and love it. I just graduated from school. Despite not having the money to invest now, I am looking to educate myself in anticipation of the opportunity. Do you have any newspapers or real estate journals you read frequently or any books you can recommend to someone with little capital? I appreciate your willingness to answer questions and guide newcomers to the field. Keep putting out a great podcast." First of all, I don't know why newspapers are still around. It's just amazing that there are still around after all these years, especially with the explosion of the internet. Newspaper started dying off in the 1950s after the introduction of the television, at least when it went mainstream. Ever since the internet exploded, information at your fingertips, you can pull up almost anything instantly. There's so much free information out there. I don't know if you really need a newspaper. However, magazines are still around. I like magazines actually, I like holding them even though I have an iPad where I read everything from. There are two magazines in the US where you can get good information on real estate investing. One is called Personal Real Estate Investor Magazine. It has a limited circulation, but you can find it or you can subscribe to it. I do have it. I rarely find the time to read it so it just sits on my credenza. But there are good articles in there. The other publication is called Realty411. You can actually see a copy of it on our website at NoradaRealEstate.com. In fact, it's the issue that I'm on the cover. You can click on that and it'll take you to their website. From there, you could probably figure out how to subscribe to it. However, I'm not necessarily suggesting that you use newspapers and magazines to educate yourself. There is so much free content on the internet, on real estate forums, with podcasts and with all the books that are out there that you could find yourself swimming in information to the point where you may not even end up doing anything. It might be analysis paralysis. I do agree that knowledge is the key. It is fundamental. It's my first rule of successful real estate investing. You do need to educate yourself. I consider knowledge to be the new currency. If you don't educate yourself and you don't have that knowledge, then you're really going to be stuck or doomed following other people's advice. You don't know if that advice is good or bad. Knowledge will help make you a good investor and actually it'll take you beyond that. It'll help you to become a great investor. The more you learn, the better off you'll be. In this industry,

Ask Marco – Top 10 Real Estate Books, How Important is a Property’s Age, Investing as a Foreigner | PREI 024

Nov 6, 2015 20:47

Description:

In this episode of “Ask Marco” we answer more listener questions including:

Do you have any newspapers or real estate journals you read frequently? Any books you can recommend to someone with little capital? What benchmarks do you use when evaluating a property as it relates to the property’s age? Do old houses appreciate as well as newer houses? Does a remodel catch an old house up to new house profitability? What is the process like for a Canadian to invest in real estate? And more…

 

Here is my list of the Top 10 Real Estate Investing Books

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

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See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Client Case Study on Turnkey Real Estate Investing | PREI 023

Oct 30, 2015 49:30

Description:

In this episode we talk to one of our youngest investor clients who is on track to purchase seven (7) turnkey investment properties this year.  He started at the age of 22, and plans to acquire a lot more next year in 2016. He shares with you some tips and suggestions on how he got started, what he looks for in his investments and how you can do the same.  There is no magic, just following a system and doing your due diligence.  All this and more on today's episode. If you missed last week’s episode, be sure to listen to The “Buy & Hold” Strategy with Linda McKissack. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how. See all our available Turnkey Investment Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Client Case Study on Turnkey Real Estate Investing In today's show, we have a current client of ours. His name is Lance. I wanted to bring him on as a bit of a case study because this guy is only 26 years old. He started investing at the age of 22. He's on track to close on his seventh property this year. He'll potentially have eight by the end of the year. He plans to buy a whole lot more next year. He's really following our philosophy and our advice of buying prudent income-producing properties in market's that make sense, that cashflow from day one. He's diversifying according to the strategy that we've laid out for all of our investors, all our clients. He's really jumped in and made it work. He's had great success. He's also an analytical person who likes to do his research and due diligence. As Ronal Reagan used to say, "Trust but verify." That's exactly what Lance does. It's my pleasure to welcome one of our clients. His name is Lance. He's one of our youngest clients. I believe he's 26 years old. He's got some very clear and aggressive real estate investing goals, which is just fantastic. I wanted to bring him on the show today as a bit of a case study to share his experience with investing, not only on his own but even through our network at Norada Real Estate Investments. I'm sure he'll be able to share some tips and some ideas for you today. His name is Lance. Lance, welcome to the show. Thanks for having me on, Marco. It's my pleasure. You are one of our youngest real estate investors at the age of 26. We have had clients from the ages of 19 all the way up to their 60’s. It's quite a wide range. You started off quite young as I recall. I remember you contacted us. It was actually my birthday. January of 2015 is when you had first called our office. I like you to share with our listeners how you got started in real estate investing, where it all began and how it progressed, because I know you started off at a very young age. I always knew when I was younger that I was going to get into real estate investing at some point whether it was residential or commercial. I wasn't exactly sure where. My family owns some real estate so I thought it was a good investment. When I was 22, I actually made my first purchase. I purchased a townhouse. At the time, it was a place that I would live in. I also was looking for, "If I move out of this place, I want to make sure that it would be cashflow positive." That was my only criteria. At the time I was thinking, "Here's an investment I'm going to make and 30 years from now it's probably going to pay off. That's where I'm really going to make the money.” I purchased it and shortly after, I ended up getting moved for work. I rented it out. I did pretty well and at the end of it all, I ended up netting probably $150 to $200 a month throughout the course of owning it. What really paid off was earlier this year when I sold it. I had a lot of appreciation from it. I used it to buy more real estate. That was my first taste of it.

Client Case Study on Turnkey Real Estate Investing | PREI 023

Oct 29, 2015 49:30

Description:

In this episode we talk to one of our youngest investor clients who is on track to purchase seven (7) turnkey investment properties this year. He started at the age of 22, and plans to acquire a lot more next year in 2016.

He shares with you some tips and suggestions on how he got started, what he looks for in his investments and how you can do the same. There is no magic, just following a system and doing your due diligence. All this and more on today’s episode.

If you missed last week’s episode, be sure to listen to The “Buy & Hold” Strategy with Linda McKissack.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The “Buy & Hold” Strategy with Linda McKissack | PREI 022

Oct 22, 2015 45:02

Description:

Linda McKissack is an investor, entrepreneur, best-selling author, business coach, and a highly regarded speaker.  In 2013, Linda was co-author of the national best-seller “HOLD - How to find, buy and rent homes to build wealth”.  Her authenticity makes you believe – If she can do it then so can I. In this episode we talk to Linda about the "Buy & Hold" strategy and her huge success investing in single-family homes.   She has accumulated 108 units in real estate, and is working on other passive income projects right now.  Her basic strategy and formula is:  Find, Analyze, Buy, Manage, Grow. Here is the Amazon link for her book: HOLD: How to Find, Buy, and Rent Houses for Wealth - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!)   The "Buy & Hold" Strategy with Linda McKissack Why is the Buy and Hold strategy the best? The Buy and Hold methodology, as it applies to property, is and always has been the cause for making more millionaires than any other method. The main reason for this is really because it lets you develop equity through appreciation and amortization over a period of time. There are numerous short-term techniques like lease options, wholesaling and flipping properties that can create some cash or what I call, chunks of cash. But in no way will it improve your long-term net worth. I found in my many years of investing experience that purchasing real estate is the most significant part of the ownership cycle. It's very important that you buy right; buying the right market, the right location, the right property, the right cashflow. These are all things that we help our investors do in Norada Real Estate. If you're interested in that, talk to one of our investment counselors. The selling side of it is pretty straightforward. As long as you're in the right market and you have the right market cycle, liquidating property is very simple. That is one of my biggest regrets. I purchased a property for $40,000 many, many years ago. In fact, it was the first property I ever purchased at the age of 18. That $40,000 property would have been long paid off today and that property today is worth close to $400,000. It has appreciated considerably, certainly kept up with the rate of inflation. When it comes to Buy and Hold, your goal in property investing must be to develop as much equity as you can in the property while still having enough passive income to get you there. As long as you own the property, you'll have the advantage of tax sheltering some or all of your income. You cannot get that from other short-term investment methods. The Buy and Hold strategy is the basic reason that explains why people have become wealthy over time. Today's guest is someone who I like and admire. I like the way she thinks. She's a famous author, a New York Times Best Seller. The book is HOLD. It's one of the Gary Keller Trilogy books, which are all fantastic books. I highly recommend them. Her name is Linda McKissack. ------ I'd like to introduce Linda McKissack to the show. Linda McKissack is an investor, an entrepreneur, a bestselling author, a business coach and a highly-regarded speaker. In 2013, Linda was co-author of the national best seller, HOLD: How to Find, Buy and Rent Homes to Build Wealth. Her authenticity makes you believe if she can do it, then so can I. Welcome to the show, Linda. Thank you, Marco. I appreciate it. It's great to have you here. Just to give our audience a sense of geography, can you tell them where you're located? I'm actually just north of Dallas, in a town called Denton, Texas. You've written this incredible book called HOLD. Although I know your story to some degree, you're a very successful entrepreneur and real estate investor.

The “Buy & Hold” Strategy with Linda McKissack | PREI 022

Oct 22, 2015 45:02

Description:

Linda McKissack is an investor, entrepreneur, best-selling author, business coach, and a highly regarded speaker.  In 2013, Linda was co-author of the national best-seller “HOLD – How to find, buy and rent homes to build wealth”. Her authenticity makes you believe – If she can do it then so can I.

In this episode we talk to Linda about the “Buy & Hold” strategy and her huge success investing in single-family homes. She has accumulated 108 units in real estate, and is working on other passive income projects right now. Her basic strategy and formula is: Find, Analyze, Buy, Manage, Grow.

Here is the Amazon link for her book:

HOLD: How to Find, Buy, and Rent Houses for Wealth

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Hot Investment Opportunities in Jacksonville, Florida | PREI 021

Oct 15, 2015 42:24

Description:

Jacksonville is a very large coastal city located in the state of Florida.  Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jacksonville is neither predominantly one nor the other. With a population expected to more than DOUBLE over the next 10 years, Jacksonville offers exceptional investment opportunities hard to find in most markets around the country today. In this episode we explore the five key fundamentals that create the "perfect storm" for real estate investors in Jacksonville.  Listen in as we dive in and uncover a golden investment opportunity. If you missed our last episode, be sure to listen to The Truth about Property Insurance. Enjoy the show! - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!) Hot Investment Opportunities in Jacksonville, Florida We’re going to talk about the Jacksonville, Florida market. This is a relaunch for us in that market because we have just had a hard time getting good inventory, but that all changes today. We are bringing on our local market partner here to talk about the market, the opportunities there. Why it’s such a great market and why so many investors just don’t know about that market is beyond me. Anyway, it’s a good opportunity for us if you know what’s going on. Timing and the market cycle really play into your decisions as to where to invest when you’re investing in real estate. What you’ll find is that Jacksonville is almost a perfect storm. We’ve got everything going on there that is in our favor as a real estate investor. Brian is our new local market partner in Jacksonville, Florida. When I say new, what I mean is this show is effectively marking the relaunch of Jacksonville, Florida. We’ve been in the Jacksonville market for a number of years. However, the greatest challenge we have found is getting the right inventory and enough of it. That sounds like a problem with some good fundamentals, but it is a problem. We needed to bring on a new team that has excellent product that are in the right areas. Brian and his team are well-vetted. They are fantastic. Their knowledge of the market is exceptional. I wanted to bring Brian onto the show today to talk about the Jacksonville market, the opportunity there for you as an investor, and share with you what we potentially could bring to the table, if you’re interested in opportunities down there. Brian, welcome to the show. Thank you so much for having me, Marco, and the audience as well. It’s my pleasure. I’m glad to have you on. I’m very impressed with your team. I’m also very impressed with your success story. As I understand it, you started off in California. You weren’t born here, but you were an investor here in California. Then you took that success and you repeated that model in Jacksonville. I have a trademark saying, “Live where you want. Invest where it makes sense.” Let’s start off by you telling our audience about your background and how you got started. Actually, our first portfolio in California dates back when we started our first deal in 1998 in a place called Bakersfield, California. We were actually living in Santa Barbara, so live where you want and invest where it makes sense and the fundamentals. Living in Santa Barbara, the numbers made absolutely zero sense even in 1998. The median price in the coast there was $750,000. You could not cashflow property. My business partner and I have always, from day one, been focused on cashflow affordable property. We’ve made lots of mistakes along the way. One of the things we did upfront was surround ourselves with some good mentors and some smarter investors that had been around the block a lot longer than us. They always had us focused on cashflow.

Hot Investment Opportunities in Jacksonville, Florida | PREI 021

Oct 15, 2015 42:24

Description:

Jacksonville is a very large coastal city located in the state of Florida. Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jacksonville is neither predominantly one nor the other.

With a population expected to more than DOUBLE over the next 10 years, Jacksonville offers exceptional investment opportunities hard to find in most markets around the country today.

In this episode we explore the five key fundamentals that create the “perfect storm” for real estate investors in Jacksonville. Listen in as we dive in and uncover a golden investment opportunity.

If you missed our last episode, be sure to listen to The Truth about Property Insurance.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

The Truth about Property Insurance | PREI 020

Oct 8, 2015 52:01

Description:

In today's episode I talk to one of my insurance agents (Joshua Dupree) to answer many common (and not so common) questions that real estate investors ask.  Insurance is a necessity but there is so much confusion surrounding what coverage to get, how much coverage, what deductible, and replacement cost versus actual cash-value.  All that and so much more. Don't miss this episode - it is full of great information that might have you review and questioning your current insurance policy. For those interested, here is Joshua's contact information: Joshua Dupree Missouri Farm Bureau Insurance Services (816) 833-4440 www.mofb.com - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!) Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. On today's show, we're going to talk about the truth about property insurance. We get a lot of questions from investors about where to get insurance, how much insurance, how high their deductible should be, what's covered and then there's the always confusing question about replacement cost versus actual cash value, which seems to be debated in perpetuity online in real estate forums. I wanted to bring my insurance agent on, a guy named Joshua in Missouri where I'm buying properties right now. I asked him a bunch of questions about property insurance, what's the proper coverage, how to compare different policies, how much deductible is enough, etc, etc. It's really not as confusing as you might think, but it's important to understand what you're looking at and how to compare one policy to another policy. Without further delay, we're going to get him on here in just a moment. But before I do, I wanted to talk about a listener question that came in recently. The question was, "Can I put my property in an LLC after I close with conventional financing?" The short answer is, yes, you can. After you close escrow on your property and you take title, you can do whatever you want with your title. In other words, if you want to take it out of your name and put it into your LLC, for example a holding LLC, a limited liability company, you're more than welcome to do that. Now, keep in mind that lots of mortgage documents, most mortgage documents have what's called a due-on-sale clause. Technically speaking, if you do transfer title out of your name, when you have a mortgage on that property and you put it into another entity, you technically breached or triggered that due-on-sale clause. What that means is that if the lender wanted to, they could accelerate the loan and demand that the loan is due in full and payable immediately. Now, I've never seen that happen. I've heard of it happening. But I think to be quite honest with you, it is extremely rare because at the end of the day, if the lender is getting a payment every month like clockwork from you, they're not going to care anything about whether you're holding title in your name or in an LLC. They may not like it but they're not likely going to accelerate the loan because it's just too costly and too much of a risk for them to try and do that knowing that they’re going to get monthly payments as opposed to try and collecting the whole amount of that mortgage balance from you. If you close escrow on a property, you could put it into a trust, you could put it into an LLC. You're free to do what you choose to do with it. Just keep in mind that there is this due-on-sale clause in the document, but you can hold title in any entity or trust that you choose. Many investors do this. It's not really a prudent thing to hold title to your rental portfolio in your name. It's a bit of an exposure. It's like having a target on your back saying, "Look, I own all these assets." If you ever get into a lawsuit,

The Truth about Property Insurance | PREI 020

Oct 8, 2015 52:01

Description:

In today’s episode I talk to one of my insurance agents (Joshua Dupree) to answer many common (and not so common) questions that real estate investors ask. Insurance is a necessity but there is so much confusion surrounding what coverage to get, how much coverage, what deductible, and replacement cost versus actual cash-value. All that and so much more.

Don’t miss this episode – it is full of great information that might have you review and questioning your current insurance policy.

For those interested, here is Joshua’s contact information:

Joshua Dupree
Missouri Farm Bureau Insurance Services
(816) 833-4440
www.mofb.com

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

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Please give us a RATING & REVIEW (Thank you!)

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Ask Marco – Making the Leap, Due Diligence, The First Step | PREI 019

Sep 29, 2015 15:04

Description:

In this episode of "Ask Marco" we answer some listener questions.  Here is the actual email text: Hello Marco, I'm looking to purchase my first investment property sooner rather than later.  I've been reading tons of books, blogs, and and listening to podcasts incessantly for the past couple of months, including the Passive Real Estate Investing Podcast (which is a great podcast. Thank you!) I live in NYC which has way too high an entrance cost into the market. Having lived in Portland Or for 9 years, I know the areas and market.  It has a much lower entrance cost than NYC.  But, I feel it's kind of at the top end of a boom and I would still need to save for about a year for down payment money. Being a fan of your podcast I decided to look into Norada and was kind of blown away at how accessible rental properties are in other markets.  I got excited at the prospect of being able to acquire multiple properties within a year.  So, I guess my first question is addressing my lack of knowledge about these cities. I know NYC and Portland. I'm not too familiar with, say, Kansas City or Dallas and I'm uncertain of exactly what I'd be buying.  This is my biggest source of uncertainty. Second, I love that Norada has a lot of the due diligence right there for each property.  But, in the spirit of "trust but verify," what research would you recommend I put forward beyond the wonderful data provided? And lastly, say I saw a property you have on Norada and decided it was what I wanted to purchase.  What would the first steps be? Thank you for your time and help, Robert F. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!)   Ask Marco – Making the Leap, Due Diligence, The First Step In today's episode, I want to do an Ask Marco episode because we get questions from investors throughout the week, every week, via email and voice mail and through our online voice mail recorder on our websites. Sometimes, we get some really great questions that I know other investors are thinking about, other investors are probably asking but maybe not coming right out and asking us about it. On this episode, I wanted to go over a recent email that I got from an investor yesterday. His name is Robert. He has three questions in his email that I think are excellent to cover in a dedicated podcast episode. Robert from New York, his subject is: Question about making the leap into real estate investing. His message is, "Hello Marco, I'm looking to purchase my first investment property sooner rather than later. I've been reading tons of books, blogs, and I've listened to podcasts incessantly for the past couple of months including the Passive Real Estate Investing podcast, which is a great podcast. I live in New York City, which has way too high in entrance cost into the market. Having lived in Portland, Oregon for nine years, I know the areas and market. It has a much lower entrance cost than New York City, but I feel it's at the top end of a boom and would need to still save for about a year for down payment money. Being a fan of your podcast, I decided to look into Norada and was blown away at how accessible rental properties are in other markets. I got excited at the prospect of being able to acquire multiple properties within a year. My first question is addressing my lack of knowledge about these cities. I know New York City and Portland. I'm not too familiar with say, Kansas City or Dallas and I'm uncertain exactly of what I'd be buying. This is my biggest source of uncertainty.” First and foremost, if you're working with a good, competent, reputable real estate agent or broker in that market, they should be able to provide you with all of the information that you would need to feel comfortable about a particu...

Ask Marco – Making the Leap, Due Diligence, The First Step | PREI 019

Sep 29, 2015 15:04

Description:

In this episode of “Ask Marco” we answer some listener questions. Here is the actual email text:

Hello Marco,

I’m looking to purchase my first investment property sooner rather than later. I’ve been reading tons of books, blogs, and and listening to podcasts incessantly for the past couple of months, including the Passive Real Estate Investing Podcast (which is a great podcast. Thank you!)

I live in NYC which has way too high an entrance cost into the market. Having lived in Portland Or for 9 years, I know the areas and market. It has a much lower entrance cost than NYC. But, I feel it’s kind of at the top end of a boom and I would still need to save for about a year for down payment money.

Being a fan of your podcast I decided to look into Norada and was kind of blown away at how accessible rental properties are in other markets. I got excited at the prospect of being able to acquire multiple properties within a year. So, I guess my first question is addressing my lack of knowledge about these cities. I know NYC and Portland. I’m not too familiar with, say, Kansas City or Dallas and I’m uncertain of exactly what I’d be buying. This is my biggest source of uncertainty.

Second, I love that Norada has a lot of the due diligence right there for each property. But, in the spirit of “trust but verify,” what research would you recommend I put forward beyond the wonderful data provided?

And lastly, say I saw a property you have on Norada and decided it was what I wanted to purchase.  What would the first steps be?

Thank you for your time and help,

Robert F.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

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See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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The Success Mindset with J. Massey | PREI 018

Sep 24, 2015 43:10

Description:

In this episode we explore to importance of mindset and how some people achieve their goals faster and easier than others. Our guest is J. Massey -- a full-time real estate investor, entrepreneur, popular podcast host, author, speaker, coach and all-around problem solver.  He invests his time looking for investment opportunities (i.e. problems to solve through real estate transactions), and teaching others how to find and manage similar opportunities. In 2014 he released his highly acclaimed book, Cashflow Diary: 10 Steps to Creating Wealth in ANY Economy! You can get a free copy of J. Massey's book at www.CashFlowDiary.com/freebook - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!) The Success Mindset with J. Massey Tied in with that passive income and wealth creation is something that you need to have. It’s a critical ingredient that is called, mindset. What happens between your ears will help determine your level of success and whether you even get to where you want to get to.  You’re in for a real treat today because my guess is J. Massey. If you want to talk about a real rags-to-riches story, he’s got it and he is very inspiring. I wanted to bring him on the show because I thought this is the guy that I think you, our audiences, need to hear.  If you’re stuck in a rut, just getting started or want to break out and take your success today to the next level.  That’s what today’s show is about. It’s about having a successful mindset and how to get there.  It’s my pleasure to bring on J. Massey to this show. J Massey is a full-time real estate investor. He’s an entrepreneur, a popular podcaster, an author, speaker, coach, and an all-around problem solver. He invests his time looking for investment opportunities, which means that he solves problems to real estate and teaches others how to find and manage some more opportunities.  J, welcome to the show. Thanks for having me. I’m glad to be here. It’s my pleasure to have you.  Just to give our audiences a sense of geography.  Can you tell them where you’re located? I'm out here in sunny Southern California, Mission Valley to be specific. The reason I wanted to bring you on the show is you have one of the most inspiring stories. I’ve learned at a young age that mindset and attitude is absolutely key in order to be successful in anything you do.  Not just real estate investing but anything. I was fortunate enough or maybe just lucky to come across Anthony Robbins when I was a teenager.  This goes many, many years ago. I had ordered his Personal Power Program on audio cassette. I listen to those audio tapes over and over and over again, and I really drilled it in as to the importance of mindset and attitude. What I’d like you to do, if you don’t mind, is start off with your story.  I’d like to call it a rags-to-riches-story.  Tell us where you came from and how you got started because it’s the most inspiring story I’ve heard in a long time. Thank you for saying those kind things. I wouldn’t have chosen this to be my story, so let’s be very clear on that. Secondly, I know that someone out there, I don’t know who you are, but that’s part of the reason I’m here today is because I’m hoping that whatever I say, something that I say inspires you to realize that there’s still something left. You still have something in the tank and it can happen, it is possible and you are the one that have been uniquely designated to go make that happen. A few years ago, my wife and I, she by trade is a recruiter, I was a financial planner. We were doing “okay” or at least what we considered to be okay at the time. We have bought our first primary residents. It was a condo and for those of you familiar with California Real Estate Pre-crash, it’s a 1,

The Success Mindset with J. Massey | PREI 018

Sep 24, 2015 43:10

Description:

In this episode we explore to importance of mindset and how some people achieve their goals faster and easier than others.

Our guest is J. Massey — a full-time real estate investor, entrepreneur, popular podcast host, author, speaker, coach and all-around problem solver. He invests his time looking for investment opportunities (i.e. problems to solve through real estate transactions), and teaching others how to find and manage similar opportunities.

In 2014 he released his highly acclaimed book, Cashflow Diary: 10 Steps to Creating Wealth in ANY Economy!

You can get a free copy of J. Massey’s book at www.CashFlowDiary.com/freebook

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Market Spotlight: Stability in Atlanta, GA | PREI 017

Sep 17, 2015 25:52

Description:

Atlanta is a large city located in the state of Georgia.  Atlanta is a decidedly white-collar city, with fully 89% of the workforce employed in white-collar jobs, well above the national average.  In addition, Atlanta is a major college town. As is often the case in college towns, the many students that live in Atlanta have a strong influence on the local culture and music scene. The citizens of Atlanta are among the most well-educated in the nation: 46.8% of adults in Atlanta have a bachelor's degree or even advanced degree, whereas the average US city has 21.8% holding at least a bachelor's degree.  The per capita income in Atlanta in 2010 was $35,890, which is wealthy relative to Georgia and the nation. In this episode we explore the greater Atlanta market and the reason why it might make sense for you to invest there.  We talk to one of our local market specialists, host of The Deal Farm podcast and long-time team member to learn more about the benefits that Atlanta has to offer. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available Turnkey Investment Properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Please give us a RATING & REVIEW   (Thank you!)   Market Spotlight: Stability in Atlanta, GA Today's show is about Atlanta and the stability and investment opportunities located in that market. Atlanta is a business-friendly city. It is a large transportation hub. We've been in the Atlanta market for about eight years. For us, it's a perennial market. A lot of major companies and corporations have their headquarters there, from Coca-Cola to Home Depot. It is a very broad and diverse economy. It's not made up of just one sector. It's very white-collar. There is a large workforce employed in the white-collared job community. Although Atlanta itself is about 450,000 people, the entire metropolitan area is closer to 6.5 million people. There are many cities all clustered together making it one of the largest cities in the US. Therefore, there are a lot of opportunities because all real estate is local and you can get down to the neighborhood level if you have to in order to find the right deals in the right markets. I'd like to welcome Ken to the show. Ken is our local market specialist based in Atlanta, Georgia. He is a full time real estate investor. He's host of The Deal Farm podcast. Ken has a business degree from University of Georgia, a master’s degree from Georgia Tech. He has bought and sold over 600 properties in the Metro Atlanta area over the last several years. He's a national speaker and author and he has written multiple articles educating investors on all aspects of real estate investing. He's married with three kids and currently lives in Woodstock, Georgia. Ken has a vast understanding of how and where to invest profitably in the Atlanta metro area, which is the reason why I wanted him on the show today to talk about Atlanta. Welcome to the show, Ken. Hey, Marco. How are you doing? Thanks for having me. It's great to have you here. I've known you for many, many years. Our listeners know we've actually worked together for many years. We've actually carried and sold a lot of your product to investors around the world. It's great to have you on our new podcast. Again, thanks for having me. Let's start off by talking a little bit about you. Give us a quick idea of your background, if you don't mind. As you mentioned, I graduated from the University of Georgia in 1999. I came out and worked for a large insurance brokerage for five years. Actually, it was a great first job out of school. I loved what I did but just knew I wanted to get into real estate. In 2005, I quit my day job and jumped into real estate here in Atlanta full time. Here over the last ten years now, have built up what we call a turnkey investment model where we buy distressed properties, we fix them up,

Market Spotlight: Stability in Atlanta, GA | PREI 017

Sep 17, 2015 25:52

Description:

Atlanta is a large city located in the state of Georgia.  Atlanta is a decidedly white-collar city, with fully 89% of the workforce employed in white-collar jobs, well above the national average.  In addition, Atlanta is a major college town. As is often the case in college towns, the many students that live in Atlanta have a strong influence on the local culture and music scene.

The citizens of Atlanta are among the most well-educated in the nation: 46.8% of adults in Atlanta have a bachelor’s degree or even advanced degree, whereas the average US city has 21.8% holding at least a bachelor’s degree.  The per capita income in Atlanta in 2010 was $35,890, which is wealthy relative to Georgia and the nation.

In this episode we explore the greater Atlanta market and the reason why it might make sense for you to invest there.  We talk to one of our local market specialists and long-time team member to learn the benefits that Atlanta has to offer.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Purchase Property in Other Markets | PREI 016

Sep 9, 2015 26:18

Description:

Have you ever asked how do you purchase property in other markets or out-of-state? Well there is a clearly defined method that works every time.  It has been refined over the years and in this episode we break down that process into phases and talk about each one. Some of the topics we discuss include: Selecting a market. Selecting a neighborhood and property. Doing your due diligence. Financing your purchase. The closing process. What to do post-closing. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available turnkey investment properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Give us a RATING & REVIEW   (Thank you!) How to Purchase Property in Other Markets Welcome to Passive Real Estate Investing episode sixteen. I'm your host, Marco Santarelli. Welcome. Thanks for joining us again. Today's show is about how to purchase property out of state or out of your area or in another market. It's what I've developed over the years and I call it the purchase process checklist. Essentially, I started investing out of state from California in three different states back in 2004. I was buying up a lot of property in a very short period of time. That process was not something that I knew exactly how to do from day one. It was a process that I learned very quickly. Through that process, I made a lot of mistakes, I did lose some money. But I also learned how to properly, quickly and efficiently identify investment opportunities, put them under contract, do my due diligence pre contract, post contract and get to a close. Although there's no rocket science in this process, it is important to understand. Because a lot of investors find this process to be somewhat foreign, especially if you haven't done it once or twice. Knowing what to look for and how to purchase property out of state or out of your local area is very important if you want to be successful. Because the truth is, a lot of people live in markets that are inflated and overpriced. The numbers just don't make sense there. For example, coastal markets like in California, New York, New Jersey. The rent to value ratios there are so low, they might be .5%, .4%, .3%. The numbers just don't make sense. On top of that, those property values are so high that your investment capital, which is limited, will only go so far. When you look outside of your local market, you will find markets that are probably better off economically, have better opportunities, more choice for good quality income property. You'll find that your cash on cash returns are higher and your overall down payment will be lower, which means that you can take your fixed amount of down payment capital and leverage that into a larger real estate portfolio, meaning that you can purchase more properties than you could locally. Let's start with basically phase number one, that is select your market. Once you know what your investment strategy is and you've detailed out your investment criteria, then you can narrow down the markets that meet your strategy and criteria. In other words, there's over 400 markets in the US. You can't be in all those markets. It's also very difficult to know where to start. If you define your investment criteria, then you can eliminate majority of those markets and focus on certain ones. Obviously, we have our favorites. Within our company, we focus on about eight or nine different markets for various reasons, but they're all really good markets. If you focus on maximizing your cash flow, then the markets you want to focus on are the ones that'll provide you higher rent to value ratios. These are typically what I call linear markets. Those are usually found in the midwest and parts of the southeast. If you want to understand linear and cyclical markets a little better, go back and listen to episode number six. If your focus is to maximize your appreciation p...

How to Purchase Property in Other Markets | PREI 016

Sep 9, 2015 26:18

Description:

Have you ever asked how do you purchase property in other markets or out-of-state? Well there is a clearly defined method that works every time.  It has been refined over the years and in this episode we break down that process into phases and talk about each one.

Some of the topics we discuss include:

Selecting a market. Selecting a neighborhood and property. Doing your due diligence. Financing your purchase. The closing process. What to do post-closing.

– – – – – – – – – – – – – –

 

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

How to Track Your Real Estate Portfolio | PREI 015

Sep 3, 2015 25:53

Description:

In this episode we talk to Joel Grasmeyer, a real estate investor, engineer, and entrepreneur who started PropertyTracker.com in 2004 to create user-friendly, yet powerful tools for real estate analysis. Some of the topics we discuss include: The importance of tracking your rental properties. What metrics do most investors like to track? What tools do real estate investors use? What is PropertyTracker.com? Mobile phone Apps that can also help investors. Get a FREE 30-Day Trial plus a 20% discount here: http://www.PropertyTracker.com/Norada - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available turnkey investment properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Give us a RATING & REVIEW   (Thank you!)   How to Track Your Real Estate Portfolio Today’s show is about tracking your real estate portfolio. It’s one thing to look at and analyze properties before you purchase them. What happens after you’ve purchased them and you’ve added them to our portfolio? As your portfolio grows, you’ll want to keep track of the income and the expenses, and more importantly, the performance of those properties. It might make sense to sell some of them or do a tax deferred 1031 exchange into other markets or maybe refinance them to increase your rate of return or pull equity out and move that over into other markets. There are many things that you can do, but it’s important that you keep track of your real estate portfolio. This actually all came about, when I had a client of ours, a guy name Kevin contact me about two weeks ago. He asked me how to keep track of his new portfolio. He’s just starting out, he’s just building that portfolio but he’s already creating these elaborate Excel spreadsheets and I thought, “There are online tools that can help you and there’s even mobile apps.” I wanted to bring on my guest here today, a guy named Joel, and talk about what he looks at as far as metrics for analyzing his properties, as well as what tools he uses. Obviously, he likes his own tools, but we can learn a little bit more about that. This is just one option. It’s not something that is absolute necessity. However, it does make your life a lot easier. Especially, at tax time, when you can just click a button and produce a report and give it to your CPA or your accountant and have your taxes put together for you very quickly and easily. I’d like to welcome, Joel Grasmeyer to the show. Joel is a real estate investor. He’s an engineer and it seems he’s a serial entrepreneur. He started PropertyTracker.com back in 2004 to create a user-friendly but powerful tool for real estate analysis. Then, in 2008 he created Property Evaluator for the iPhone. Later in 2010, he launched RealEstateTools.com, which is a variety of real estate investment tools, so it’s a market place for that. Lastly, in 2012, he launched the Construction Cost Estimator out to help contractors quickly estimate construction cost using the iPhone, iPad and a Mac. Welcome to the show, Joel. Thanks for having me on. It’s great to have you here. Let’s give our listeners a sense of geography, where are you located? I’m in Ogden, Utah which is about an hour north of Salt Lake City and right next to world class skiing. I love Salt Lake City, the views there are amazing. You were a native Californian, if I remember correctly? Yeah, I lived in Southern California from about 1998 to 2006. Then we decided to escape the rat race to Utah and get out of California while the getting was good. Tell us a little bit about your background. I know you are heavily involved in application development and website tools and you’re an engineer. Tell us about your background. I spent eight years while I was in Southern California designing unmanned airplanes. After the stock market crashed in 2001, with the dot-com crash, my wife and I decided,

How to Track Your Real Estate Portfolio | PREI 015

Sep 3, 2015 25:54

Description:

In this episode we talk to Joel Grasmeyer, a real estate investor, engineer, and entrepreneur who started PropertyTracker.com in 2004 to create user-friendly, yet powerful tools for real estate analysis.

Some of the topics we discuss include:

The importance of tracking your rental properties. What metrics do most investors like to track? What tools do real estate investors use? What is PropertyTracker.com? Mobile phone Apps that can also help investors.

Get a FREE 30-Day Trial plus a 20% discount here:

http://www.PropertyTracker.com/Norada

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Financing Your Real Estate Investments | PREI 014

Aug 27, 2015 40:52

Description:

In this episode we talk to Aaron Chapman, an 18 year veteran in the mortgage industry with a focus on real estate investors, about financing real estate investments. Some of the topics we discuss include: The investor's mindset and why that's important. The landscape of mortgage loans for investors. What is loan sequencing. Mortgage loan products available today. Qualification requirements. How to finance more than 10 properties. You can visit Aaron's website at www.BighausChapman.com. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available turnkey investment properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Give us a RATING & REVIEW   (Thank you!) Financing Real Estate Investments | PREI 014 Welcome to Passive Real Estate Investing episode 14. I'm your host, Marco Santarelli. Today's show is about financing your real estate investments. This is a very important subject matter because real estate is an investment class that allows you to finance up to 80% of the purchase price using other people's money at historically low rates and control that property over the course of 30 years under a mortgage that is paid off by your tenant. This is incredible. Nowhere else in the world can you do this like you can in the United States. Financing is a confusing subject because regulations are thick, they continually change, mortgage terms and interest rates fluctuate. It's hard to keep up on everything that's going on and the changes in the industry. There are people out there who really know their stuff and can help you in understanding and navigating this space in terms of strategizing your mortgage financing to getting the best product to help you finance those purchases. It's critical that you work with the right people. Today on the show, we have one of the mortgage brokers and portfolio lenders actually that we work with to help our investor clients finance their purchases, not only just get a loan but strategize on how to best finance all their properties and build their portfolio. The focus is beyond one property. You really should have a focus that encompasses your goals and where you want to go with your financing, where you want to go with your portfolio. It's not enough to say, "I'll just pick a property today and I'll think about buying another one next year and we'll deal with the financing situation then." It's better to look at the big picture and just see where you have to go. For example, we have some clients that want to purchase fourplexes and we have some clients that want to purchase single family homes. I advise that they start off by purchasing the fourplex first because the down payment amount on his first four mortgages would be five percent lower than the down payment on it as if he had purchased it later after purchasing the single family homes first. The net result to him was a down payment that was five percent lower by starting off with the more expensive property. Many investors know this but it's surprising how many investors really don't know what is referred to as mortgage sequencing. This is just an example. Today, I wanted to bring on one of the companies and one the people that we work with. Very smart guy, understands this space of mortgage financing for investors very, very well. He's an eighteen year veteran and his name is Aaron. It's my pleasure to welcome Aaron Chapman to the show. He's an eighteen year veteran in the financing industry with a focus on real estate investors. He has a team of eleven total staff members who help him finance investment loans. He's been married for nineteen years, has four children. Here's an interesting fact, he's with the local sheriff's department and he's with the rescue unit and he has been there for six years. The part that he's in is the technical off-road and helicopter rappel rescue technician. Hopefully Aaron,

Financing Your Real Estate Investments | PREI 014

Aug 27, 2015 40:52

Description:

In this episode we talk to Aaron Chapman, an 18 year veteran in the mortgage industry with a focus on real estate investors, about financing real estate investments.

Some of the topics we discuss include:

The investor’s mindset and why that’s important. The landscape of mortgage loans for investors. What is loan sequencing. Mortgage loan products available today. Qualification requirements. How to finance more than 10 properties.

You can visit Aaron’s website at www.BighausChapman.com.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Market Spotlight: Cash Flow in Kansas City, MO | PREI 013

Aug 20, 2015 49:26

Description:

In this episode we take a look at Kansas City, MO and why it's such a great market for real estate investors.  Most investors are not even aware of the incredible opportunities available to them there.  So we'll dive in and take a look at why it's a great market and what you can expect to find for your real estate investment portfolio. Kansas City is a largest city in Missouri made up of 147 constituent neighborhoods.  With a population of over 463,000 people in the actual city, the greater metropolitan population is expected to grow to 2,200,000 by 2020. The overall education level of Kansas City citizens is substantially higher than the typical US community, as 29.6% of adults in Kansas City have at least a bachelor's degree. Jobs are plenty with many large employers spread across a diverse range of industry sectors, and the cost of living is 15.3% below U.S. average. Click here to view the latest Kansas City investment properties. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See all our available turnkey investment properties. SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed Give us a RATING & REVIEW   (Thank you!) Market Spotlight: Cash Flow in Kansas City, MO Welcome to Passive Real Estate Investing episode 13. I'm your host, Marco Santarelli. Today's show is a market spotlight. Today we're going to look at Kansas City. We've been in Kansas City for about eight years with tremendous success. There is so much opportunity there and you could pick up properties in a wide range of price ranges, from $50,000 on the low end to $150,000, $160,000 on the high end. That's really not even the high end, you could get $200,000, $300,000 properties there, although I don't recommend those as investment grade properties. The numbers don't work out as well on those types of properties. Kansas City has been growing year after year. It has a large growing population that is expected to increase to about 2.2 million by the year 2020. That's only about six years away. Kansas City is a large city in the state of Missouri. It has a population of about 470,000 people. It's made up of over 147 constituent neighborhoods. Kansas City has a very diverse economy. It's neither blue collar nor white collar. It's got a mixed workforce and it expands every sector, from healthcare to professionals, office workers, service providers, industrial, sales jobs, management type positions, administrative support, technology is a new big one. Kansas City has more people living there that work with computers and math than 95% of places around the US. That's an interesting statistic. Of the large cities around America, Kansas City is one of the most car oriented. 83% of the people in Kansas City drive to work in their own car every day, most often alone. Also, the overall education level of Kansas City people or citizens is substantially higher than the typical US community. About 29.5% of adults in Kansas City have at least a bachelor's degree. The average American community has only 21.4%. Also the per capita income in Kansas City back in 2010 was over $25,000 per person, which is actually wealthy relative to Missouri. It's considered upper middle income relative to the rest of the United States. What this means is it equates to an annual income of about $103,000 for a family of four. Kansas City contains every type of person. Its demographic ranges from the very wealth to poor people as well. It's not much different than any other metropolitan area. We love Kansas City. We've been there for many years. We've had properties there from as little as $45,000 in B- neighborhoods all the way up to, like I said, $150,000 properties. Cap rates are very high so they're attractive to investors. Population is growing, median home price has been going up year over year for a number of years but not crazy high, double digit appreciation rates.

Market Spotlight: Cash Flow in Kansas City, MO | PREI 013

Aug 20, 2015 49:27

Description:

In this episode we take a look at Kansas City, MO and why it’s such a great market for real estate investors. Most investors are not even aware of the incredible opportunities available to them there. So we’ll dive in and take a look at why it’s a great market and what you can expect to find for your real estate investment portfolio.

Kansas City is a largest city in Missouri made up of 147 constituent neighborhoods. With a population of over 463,000 people in the actual city, the greater metropolitan population is expected to grow to 2,200,000 by 2020.

The overall education level of Kansas City citizens is substantially higher than the typical US community, as 29.6% of adults in Kansas City have at least a bachelor’s degree.

Jobs are plenty with many large employers spread across a diverse range of industry sectors, and the cost of living is 15.3% below U.S. average.

Click here to view the latest Kansas City investment properties.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Passive Income Investing in Mortgage Notes | PREI 012

Aug 13, 2015 56:44

Description:

In this episode we talk to David Campbell, the founder and Hassle Free Cash Flow Investing.  He started investing in real estate part-time while he was working as a full time high school band director with zero net worth.  Within six years and before the age of 30, David had become a financially independent millionaire through the vehicle of part-time real estate investing.  David has been involved with new home construction, land development, commercial real estate and has been focused as a professional mortgage note investor for over a decade. You will learn: How to make money as the bank by acquiring an income producing mortgage note secured by quality real estate. Why now is the best time in the market cycle to acquire a mortgage note. How to buy a mortgage note to create a portfolio of tax-free and tax-deferred passive income for life. Why the most savvy investors are buying real estate outside of their IRA and buying mortgage notes inside their IRA but usually not the other way around.   Get your FREE copy of David's white paper on Mortgage Note Investing by emailing him at lending@hasslefreecashflowinvesting.com - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available turnkey investment properties. SUBSCRIBE ON ITUNES  |  Stitcher  |  Podcast Feed Give us a RATING & REVIEW   Passive Income Investing in Mortgage Notes Today’s show is all about passive income and specifically, it's about mortgage notes. I have a long interview here with a good friend, who is involved with mortgage note investing and he has been for over a decade. He's very successful at it. He has a very large portfolio of notes, and he really understands the ins and outs of mortgage note investing and how to profit from it. It's my pleasure to welcome David Campbell to the show. David is a founder of Hassle-Free Cash Flow Investing. He started investing in real estate part-time while he was working as a full-time high school band director with zero net worth. Within six years and before the age of 30, David became financially independent. In fact, he became a millionaire through the vehicle of part-time real estate investing. David has been involved with new home construction, land development, commercial real estate and he has been focused as a professional mortgage note investor for over a decade. Welcome to the show, David. Marco, it’s a pleasure to be here with you and your audience. Thanks. It’s great having you here. Just give our audience a sense of geography. Where are you located? I am in a suburb of San Francisco. Today’s subject is about mortgage note investing. I need to be honest with our audience. I am not a big fan of “paper assets.” However, I do make an exception with mortgage notes. The reason is because it’s actually an IOU that is backed by a real tangible asset, which in this or my case, would be real estate. That's the only thing I would invest in. I like mortgage notes for that reason. The other thing is, our show’s theme is passive real estate investing, so this fits right in with that model of passive real estate investing. I think the best place to start for people who are not that familiar with what notes are or mortgage notes specifically is maybe you can explain what mortgage notes are and what they look like. A mortgage note is shorthand. It’s a way of saying promissory note secured by a piece of property. That security instrument can be either a mortgage or a Deed of Trust. It depends on what state you're doing business in or which security instrument you're using. It's a two-part instrument and they move together. The promise to pay which is called a promissory note, which states how big the loan is, and what the interest rate and the terms of the loan are. That security instrument which is the mortgage note or the Deed of Trust, that’s the thing that ties that note to the piece of property...

Passive Income Investing in Mortgage Notes | PREI 012

Aug 13, 2015 56:45

Description:

In this episode we talk to David Campbell, the founder and Hassle Free Cash Flow Investing.  He started investing in real estate part-time while he was working as a full time high school band director with zero net worth.  Within six years and before the age of 30, David had become a financially independent millionaire through the vehicle of part-time real estate investing.  David has been involved with new home construction, land development, commercial real estate and has been focused as a professional mortgage note investor for over a decade.

You will learn:

How to make money as the bank by acquiring an income producing mortgage note secured by quality real estate. Why now is the best time in the market cycle to acquire a mortgage note. How to buy a mortgage note to create a portfolio of tax-free and tax-deferred passive income for life. Why the most savvy investors are buying real estate outside of their IRA and buying mortgage notes inside their IRA but usually not the other way around.

 

Get your FREE copy of David’s white paper on Mortgage Note Investing by emailing him at lending@hasslefreecashflowinvesting.com

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Investing Using Your Retirement Accounts | PREI 011

Aug 11, 2015 37:39

Description:

Since the early 2000′s, the number of self-directed IRAs has more than doubled!  These plans give individuals the ability to invest into assets that they understand and can control such as real estate.  Investors who have knowledge and expertise in a particular investment can purchase them in a tax-free or tax-deferred environment The and Checkbook IRA and Solo 401k are viable solutions that allow you to investment in virtually any asset including real estate, provide you with “Checkbook Control” over your retirement account, and minimize or eliminate custodian fees. In this episode we talk to Dmitriy Fomichenko the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control. We also take a look at another available turnkey investment property in our Deal of the Day segment. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available turnkey investment properties. SUBSCRIBE ON ITUNES  |  Stitcher  |  Podcast Feed Click here to give us a RATING & REVIEW   Investing Using Your Retirement Accounts Today’s show is about self-directed IRAs and Solo 401Ks. What is that? These are retirement accounts. A lot of people don’t realize what they can and can't do with retirement accounts. Most people use these accounts to sock away some savings and then invest in mutual funds or the stock market, which I don’t personally think is a great investment. A lot of people don’t realize that you can turn those retirement accounts into self-directed retirement accounts where you can actually invest in whatever asset class you want. There are very few restrictions but the great thing about it is you can invest in passive income investments like notes and income producing real estate. You can do this quite easily and you can have complete control over it. You know I’m big on control. It’s my ninth rule of successful real estate investing. When you have the control to invest and direct the funds within your retirement account into assets that you have complete control over as well because they’re hard assets, then you have an amazing and a powerful combination. The contribution limits on some of these retirement accounts are actually quite impressive. A lot of people don’t even realize that they can do a lot more with their retirement account than what they are told they can do by their financial planners or stock advisers or custodians, because they really don’t know about it or they don’t want you investing in other assets. Today, we have a great guest who is someone I've known for many years. He specializes in working with investors who want to use their retirement accounts to invest in real estate related assets. I’d like to introduce and welcome Dmitriy Fomichenko to the show. Dmitriy is the founder and president of Sense Financial Services, a boutique financial firm that specializes in self-directed retirement accounts with checkbook control. He began his career in financial planning and real estate investing fifteen years ago. He now owns multiple investment properties in various states and is a licensed California real estate broker. Dmitriy, welcome to the show. Thank you, Marco. It’s great to be here with you. I love your subject matter. I think it’s going to be invaluable to our listeners. Let’s begin by just asking the question: Where are you located? Here in Southern California, in Orange County. I met you back in the mid-2000s. Back then I know you were involved in selling investment properties, so you had your feet wet with investment property. My question is, at least to get things started, how did you go from real estate investing to starting Sense Financial? That’s a really good question, Marco. It actually ties in close together. My background is in financial services. Actually as you can hear from my accent,

Investing Using Your Retirement Accounts | PREI 011

Aug 11, 2015 37:40

Description:

Since the early 2000′s, the number of self-directed IRAs has more than doubled!  These plans give individuals the ability to invest into assets that they understand and can control such as real estate.  Investors who have knowledge and expertise in a particular investment can purchase them in a tax-free or tax-deferred environment

The and Checkbook IRA and Solo 401k are viable solutions that allow you to investment in virtually any asset including real estate, provide you with “Checkbook Control” over your retirement account, and minimize or eliminate custodian fees.

In this episode we talk to Dmitriy Fomichenko the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.

We also take a look at another available turnkey investment property in our Deal of the Day segment.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Asset Protection for Real Estate Investors | PREI 010

Aug 7, 2015 37:18

Description:

The number one problem most real estate investors face today is knowing "how to protect" not "what to protect."  Caught between attorneys, tax professionals, and self-proclaimed gurus, the average real estate investor finds himself awash in the quagmire of information and ideas with little coherency or consistency. Unfortunately, the reality is that most professionals do not understand the complex nature of real estate asset protection from the legal and tax perspective.  As a result you are left with a piece-meal plan based upon a fragmented stream of advice that seldom allows you to feel secure in your planning. In this episode we talk to asset protection attorney Clint Coons to examine some of the entities and strategies used by real estate investors to protect their wealth. Clint is a successful real estate investor and the manager of Anderson Business Advisors and Law Group. Check here to get your Free Asset Protection Blueprint Consultation. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available turnkey investment properties. SUBSCRIBE ON ITUNES  |  Stitcher  |  Podcast Feed Click here to give us a RATING & REVIEW

Asset Protection for Real Estate Investors | PREI 010

Aug 7, 2015 37:19

Description:

The number one problem most real estate investors face today is knowing “how to protect” not “what to protect.”  Caught between attorneys, tax professionals, and self-proclaimed gurus, the average real estate investor finds himself awash in the quagmire of information and ideas with little coherency or consistency.

Unfortunately, the reality is that most professionals do not understand the complex nature of real estate asset protection from the legal and tax perspective.  As a result you are left with a piece-meal plan based upon a fragmented stream of advice that seldom allows you to feel secure in your planning.

In this episode we talk to asset protection attorney Clint Coons to examine some of the entities and strategies used by real estate investors to protect their wealth.

Clint is a successful real estate investor and the manager of Anderson Business Advisors and Law Group.

Check here to get your Free Asset Protection Blueprint Consultation.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Passive Investing in Syndicated Deals – Joe Fairless | PREI 009

Aug 3, 2015 35:42

Description:

From being the youngest vice president of a New York City ad agency to creating a company that in 6 months controlled over $7,000,000 of property, Joe Fairless lives up to his Fearless Fairless nickname. He’s the host of the popular podcast, Best Real Estate Investing Advice Ever show, and is closing on a 250-unit apartment this summer worth over $14,000,000. In this episode we explore syndicated deals and how they compare to smaller 1-4 unit residential properties. We also take a look at another available turnkey investment property in our Deal of the Day segment. - - - - - - - Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. SUBSCRIBE ON ITUNES  |  Stitcher  |  Podcast Feed Click here to give us a RATING & REVIEW Passive Investing in Syndicated Deals – Joe Fairless We have a great show today. We're going to be talking about syndications. I have an excellent guest who's had an amazing success story. Today's guest is Joe Fairless. From being the youngest vice president of a New York City ad agency to creating a company that in six months controlled over $7 million of property, Joe Fairless lives up to his Fearless Fairless nickname. He's the host of the popular podcast, Best Real Estate Investing Advice Ever Show, and is closing on a 250-unit apartment this summer worth over $14 million. He's on the Alumni Advisory Board for Texas Tech University and the Board of Directors for Junior Achievements. Joe, welcome to the show. Thank you so much, Marco. I am glad to be here. It's great to have you. I have to be honest with you, I'm really excited to have you as a guest because not only do you guys have a great podcast, and I really don't know how you put out one episode every day, I don't know where you find the time, but you have a great success story. I'm really excited to have you on. I'm glad to be on the show. Really quick on how I have the time, I just prioritize it because I've seen that the daily podcast is incredibly valuable from a friendship and from a business standpoint. Really, it makes room for itself. Those relationships you could really leverage and there’s probably a small percentage of those people that you could bring into your projects and your syndication. I think that is time well spent. Give our listeners a sense of geography. Where are you located? I am in Cincinnati now. I recently moved to Cincinnati from New York City about a month or two ago. I was in New York City for ten years, a decade. Prior to that, I'm from Texas. I grew up in Texas and I went to Texas Tech University. You mentioned I am on the Alumni Advisory Board there. Once I graduated in 2005, lived in New York for ten years, and then a couple months ago moved to Cincinnati. Was that a big move? Was that a culture shock? A little bit different of a culture in Cincinnati than New York City. It was time for a life change, a different lifestyle for me. I've been living in the same apartment for the last nine years in the East Village in Manhattan. It was time for something else. Now, I'm living in Cincinnati. I’ve got a girlfriend here and doing more of what people typically do outside of New York City. I would have to imagine that probably the biggest change or the biggest shock was the price difference between the cost of your rent in New York versus where you are now. I'm actually living in a model unit for a property I have. The cost for rent is extremely low, AKA free. It's a big difference. Here's a head scratcher. Being a vice president of a New York City ad agency sounds like a good paying job or maybe a high paying job. Why would you leave a position like that and how did you get started in real estate, because that's a 180-degree shift. I'll start by saying I started at the bottom of advertising and it was not a good paying job. I was making about $30,000 when I first moved to New York City. For anybody who remembers making that or currently m...

Passive Investing in Syndicated Deals | Everything You Need To Know – Joe Fairless | PREI 009

Aug 3, 2015 35:42

Description:

 

Passive investing in syndicated deals gives beginning real estate investors opportunities they used to only dream about. We all have to start somewhere, but some of us start with far less capital than others. Syndicated deals can give beginning investors the chance to break into the crowded real estate market.

Passive Investing in Syndicated Deals: Getting the Best Deals for Your Money

In this article:

The Basics of Syndicated Deals What a Successful Real Estate Executive Says Getting to Know Joe Fairless How Joe Fairless Started His Career in Real Estate Jumping into Syndicated Deals Syndicated Deals: What are They? Why Comparative Real Estate Market Analysis is Important How to Find and Close Syndicated Deals Syndicated Deals: What to Watch Out For Pros and Cons of Syndicated Deals Other Ways of Finding Syndicated Deals Residential Investment Properties vs. Syndicated Deals Reading Up on Real Estate The Basics of Syndicated Deals

In this episode, we explore syndicated deals and how they compare to smaller 1-4 unit residential properties. Passive investing in syndicated deals involves cooperating with other partners.

Syndication occurs when investors combine their money to purchase properties they would not be able to afford by themselves. Together, they cover the costs of the property and share its profits. Read on to learn more about passive investment in syndicated deals and other real estate topics in today’s interview with Joe Fairless!

What a Successful Real Estate Executive Says

From being the youngest vice president of a New York City ad agency to creating a company that in six months controlled over $7,000,000 of property, Joe Fairless lives up to his Fearless Fairless nickname. He’s the host of the popular podcast, Best Real Estate Investing Advice Ever show, and is closing on a 250-unit apartment this summer worth over $14,000,000.

We also take a look at another available turnkey investment property in our Deal of the Day segment.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

5 Strategies to Benefit from Inflation | PREI 008

Jul 29, 2015 28:47

Description:

Inflation normally results from government policies which create inflationary pressures.  The result of inflation can be best described as more money chasing fewer resources.  The sad reality is that for most people inflation truly is detrimental and a silent theft. Real estate investors are in a unique situation whereby they actually benefit from inflation.  The only ‘hedge’ against inflation that we are aware of that works consistently over time, in any market, and any economy is real estate.  But how? When you understand what inflation is, and how it benefits you as a real estate investor, you will want to build your real estate portfolio to take advantage of these powerful wealth building concepts. In this episode we explore inflation and why it's your friend.  We also give you five (5) simple strategies to benefit from inflation in any market. We also take a look at another turnkey investment property available in our Deal of the Day segment. - - - - - - - Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. SUBSCRIBE ON ITUNES | Stitcher | Podcast Feed Give us a Rating & Review   5 Strategies to Benefit from Inflation Today, we are going to be talking about the exciting subject of inflation. Now, before you turn this off or shake your head and wonder how inflation can be exciting, keep listening because you will find out that inflation is actually your friend. You will see how it can be profitable for you in real estate. Let’s just lay a little bit of background here. The American economy has been bumping along pretty much since 2008. We haven’t really had a real economic recovery. Real estate markets have seen some activity here, especially in the last three to five years. We’ve seen considerable appreciation in many markets. But outside of the real estate sector, the economy has been relatively sluggish. This has forced the government to step in with various monetary policies that have done nothing more than create pent-up inflation. Some people are seeing it. We do have a bit of a deflationary environment, so you do see prices in some things like oil, recently, gasoline, technology coming down. But for the most part, if you look at your daily expenses, energy, housing, food, various consumer goods, those prices have been going up, so we do have an inflationary environment. At the same time, we have government policies that are creating pent-up inflation that we haven’t seen fully bloom at this point in time. The fear is that in the years to come, that could bring on rampant inflation. I am not a big fan of these government policies, the quantitative easing, the money printing that the Federal Reserve has been on, let’s call it a massive binge, since 2008. Inflation is just one of those things that are a reality. Now, when investors hear the word inflation, in fact, when the general population hears the word inflation, for many, it just sends shivers down their spine. They just hear inflation and they just think that everything is going to be more expensive. That it’s eroding their savings. It’s going to make saving for retirement even more difficult. Those things are generally true, but that doom and gloom is not all that inflation is about. Inflation is much more than that. If you are on the right side of the equation, you can benefit from inflation. At the end of the day, inflation’s effects are pervasive and they’re very subtle. Most people don’t realize that inflation is eating away at their purchasing power every year, but it is there. What you do is see a shrinking pay check. You see your purchasing power of your income get eroded, and that just translates to increasing costs for gas, energy, housing, food and other essentials. Let's dive in and take a closer at inflation. Let’s define it and look at the cause and effect and how you could benefit from inflation as a real estate investor. Inflation normally results from government policies that c...

5 Strategies to Benefit from Inflation | PREI 008

Jul 29, 2015 28:48

Description:

Inflation normally results from government policies which create inflationary pressures.  The result of inflation can be best described as more money chasing fewer resources.  The sad reality is that for most people inflation truly is detrimental and a silent theft.

Real estate investors are in a unique situation whereby they actually benefit from inflation.  The only ‘hedge’ against inflation that we are aware of that works consistently over time, in any market, and any economy is real estate.  But how?

When you understand what inflation is, and how it benefits you as a real estate investor, you will want to build your real estate portfolio to take advantage of these powerful wealth building concepts.

In this episode we explore inflation and why it’s your friend.  We also give you five (5) simple strategies to benefit from inflation in any market.

We also take a look at another turnkey investment property available in our Deal of the Day segment.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Choosing the Right Neighborhood | PREI 007

Jul 16, 2015 20:19

Description:

  Classifying a neighborhood by “type”, or what many investors refer to as a “grade”, is typically nothing more than a subjective description.  Although most people will have a general idea of what is being referred to, in my experience it is usually nothing more than a qualitative rather than quantitative description. Because of that ambiguity, we’ve developed a proprietary, simple grading system that we use with all our investment-grade properties.  In this episode we help you to better understand neighborhood types. We also take a look at another turnkey investment property available in our Deal of the Day segment. - - - - - - - Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. SUBSCRIBE ON ITUNES | Stitcher | Podcast Feed Give us a Rating & Review Choosing the Right Neighborhood Hello. Welcome back to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. This is the show where busy people like you learn how to build substantial passive income and create wealth for the long term. Thanks for joining us again. Today's show is very important. It's about choosing the right neighborhood and how do you go about doing that. This is an important topic. A lot of people talk about neighborhoods and how they qualify them or grade them, but classifying a neighborhood by type varies from investor to investor. In fact, what many investors refer to as a grade is typically nothing more than a subjective description. Although most people will have a pretty general idea of what is being referred to, in my experience, it is usually nothing more than a qualitative rather than a quantitative description. The fact is, is there's no formal definition out there of what a neighborhood type or neighborhood grade is. In fact, if you go back to episode number four where I talk about turnkey real estate investing and turnkey real estate investments, even there I have talked about there not being a formal definition of what turnkey real estate and real estate investments are. Everybody has a different idea or definition of what that might be. In an effort to level the playing field and define what that is, I've gone into some detail about that in episode four. If you haven't listened to that, be sure to take a listen. With this ambiguity, we've, over the years, developed a somewhat proprietary but simple grading system that we use to grade all of our investment grade properties. To help you better understand this, I'm going to go over a basic overview and describe each of the neighborhood types and the grading system and what it means so you have an idea of what it should mean in case you don't know. If you have your own idea, I'm sure this is going to be fairly similar to your existing model or paradigm of neighborhood grading. Hopefully, this will help you to better understand how to look at a neighborhood and grade it or put it into some sort of spectrum in order to compare one neighborhood from another and what may be a good choice versus what may be a bad choice. Ultimately, this comes down to what is your investment criteria. If you know what your goals are, you have a strategy, you've defined what your criteria is, finding the properties that fit that criteria to meet your goals becomes infinitely easier. Let's begin by describing the low income neighborhoods. These are typically what we call C and D grade neighborhoods. These low income neighborhoods generally have a large portion of their residence on government assistance. For example, the section eight housing program. The ratio of renters to owner occupied homes in these areas are often greater than 50% and more often they're as high as 80%. A C grade neighborhood would probably be 50 to 60, 70% tenant occupied. A D grade neighborhood would be as high as 80% or more. These are general metrics but it gives you pretty good idea. I do find that there is a pretty strong correlation in most neig...

Choosing the Right Neighborhood | PREI 007

Jul 15, 2015 20:20

Description:

Classifying a neighborhood by “type”, or what many investors refer to as a “grade”, is typically nothing more than a subjective description.  Although most people will have a general idea of what is being referred to, in my experience it is usually nothing more than a qualitative rather than quantitative description.

Because of that ambiguity, we’ve developed a proprietary, simple grading system that we use with all our investment-grade properties.  In this episode we help you to better understand neighborhood types.

We also take a look at another turnkey investment property available in our Deal of the Day segment.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Understanding Linear and Cyclical Markets | PREI 006

Jul 9, 2015 14:09

Description:

  What’s the difference between a linear real estate market and a cyclical market? Is one better than the other? Today we explore the different market types and what they mean to you as a real estate investor. We also take a quick look at a turnkey property available in one of our linear markets with great cash-flow and high rates of return. We also take a look at a real world example available today from www.NoradaRealEstate.com. - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help us reach new listeners. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. Understanding Linear and Cyclical Markets Welcome back to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. This is the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. Thanks for joining us. If this is your first time here, welcome. If not, we're glad to have you back. Today's show is about something that I talk about on a very regular basis. Something that most people understand conceptually but a lot of people still don't completely understand. This is really important if you're a real estate investor, especially when you're in the early stages of selecting what markets to invest in. This is the concept of linear and cyclical real estate markets. Cyclical markets are real estate markets that tend to have larger price moves up and down over the years. Property values will move up and down like a roller coaster and they have noticeable peaks and troughs. They are essentially the shooting stars of the housing market. These are the markets that have the booms and busts. The length of the cycle can vary from market to market because, as you know, all real estate is local. That's the saying in real estate. These cycles can last from seven to ten years from end to end. Many of these cyclical markets are found along the east and west coast of the United States where the household incomes are higher and land for new construction is in short supply. Good examples would be coastal markets along the coast of California, New York, New Jersey, as well as many parts of Florida, from Miami on up north. When conditions are ripe and the annual housing price gains in these areas go up, you can see 20 to as much as 30% or more in property values in a single year. These are crazy rates of appreciation and they are absolutely not sustainable. You may remember back in 2005, 2006, we've seen appreciation rates in southwest Florida, in the areas like Lee County go up 32 to 40% in a single year. There were two years back to back where they had large double digit returns. We all know what happened. Years later, that market became one of the ground zeros of the foreclosure crisis. Las Vegas, Phoenix, Riverside, California, southwest Florida, these were areas that had some of the largest number of foreclosures. We saw property values increase dramatically and then come crashing down. These local booms burn themselves out by pushing prices to unaffordable levels. When those prices get to those unaffordable levels, very few, if any, people can afford to buy the median priced home. At that point, what happens is buyers dry up, there's an excess amount of supply and that equilibrium no longer exists. The pendulum swings from one end to the other and property values come crashing down since there's no one to buy these properties because of the lack of demand. You get a galette of inventory. I often refer to these markets as bubble markets because they appreciate in value so dramatically in a relatively short period of time but they come crashing down as the economy changes and brings property values back down as quickly as it went up. Often, at double digit rates. We try to avoid these cyclical markets. In fact,

Understanding Linear and Cyclical Markets | PREI 006

Jul 8, 2015 14:10

Description:

What’s the difference between a linear real estate market and a cyclical market? Is one better than the other? Today we explore the different market types and what they mean to you as a real estate investor.

We also take a quick look at a turnkey property available in one of our linear markets with great cash-flow and high rates of return.

We also take a look at a real world example available today from www.NoradaRealEstate.com.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Cash-Flow and Rates of Return | PREI 005

Jul 3, 2015 32:51

Description:

  In today’s episode we discuss the importance of understanding and calculating a properties cash-flow and rates of return. Specifically we look at capitalization rates, cash-on-cash returns, and the total return on investment (ROI). A good understanding of these numbers are required to make smart investment decisions and to be able to properly compare one investment to another. We also take a look at a real world example available today from www.NoradaRealEstate.com. - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help us reach new listeners. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. Cash-Flow and Rates of Return Welcome back to Passive Real Estate Investing. I'm your host, Marco Santarelli. This is the show where busy people learn how to build substantial passive income and create wealth for the long term. If this is your first time here, welcome. We're glad to have you. If you're returning, welcome back. Today's show is about cash flow and rates of return. This is something that every investor needs to know. It's important to know how your properties performing for you. Or if you're analyzing a property because you're looking to purchase, then it's important that you know how to analyze that property to know what the rates of return are and to be able to compare property to other investment options that you have. This is a very important topic today. I'm going to break this down into two main sections, cash flow and then rates of return. Both are equally important because the rates of return come from the cash flow of that property. Let's begin by talking about cash flow. Cash flow is loosely defined as the income from a property that's left over after all expenses and bills are paid. That's a simplistic definition and it's not exactly correct. Let's break it down. Income is obvious, it's the gross rental income that comes from a property. If you have a property and it rents for $1,000 a month, that is your gross rental income. Now, assuming that comes in every month, that will be what is collected by you or your property manager and from there, you would deduct expenses. Sometimes you'll have other income coming in from a property. It's not that common but it is possible to have late fees from tenants who miss a payment or are late on their payment because rents are generally due on the first and late on the fifth. There may be a $50 or more late payment fee that will be charged and that's added income for you. Not all that common, but on larger properties and sometimes on fourplexes, you'll have income from a washer and dryer. For the most part, the income is made up of the gross rental income from that property. When it comes to expenses, there's a long list of potential expenses but there are few that you can't get around. The largest expense you typically have will be property taxes. Property taxes will vary from state to state, county to county. They're usually the highest expense and you can't get around them. Property taxes will vary from about one percent to as high as five percent. Texas, for example, will average somewhere around 2.2%. At the end of the day, property taxes are a mandatory expense that you will have. Some people are under the false belief that if you invest in a state or a market where property taxes are high, that may not be a good deal or it should be avoided because it cuts into your cash flow. That's not true because taxes are relative to the income. In most cases, again I use Texas as an example, you will find that even though you have higher property taxes relatively speaking, you also have higher income or rent. That income that your tenant is paying is going to make up for those higher property taxes. I say "higher" because again, it's all relative. The next most common expense, and I will say it's a mandatory expense,

Cash-Flow and Rates of Return | PREI 005

Jul 2, 2015 32:52

Description:

In today’s episode we discuss the importance of understanding and calculating a properties cash-flow and rates of return. Specifically we look at capitalization rates, cash-on-cash returns, and the total return on investment (ROI).

A good understanding of these numbers are required to make smart investment decisions and to be able to properly compare one investment to another.

We also take a look at a real world example available today from www.NoradaRealEstate.com.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Turnkey Real Estate Investing Explained | PREI 004

Jun 23, 2015 28:09

Description:

  Today’s episode discussed what “Turnkey Real Estate Investing” is and further defines what a turnkey real estate investment is. A good understanding of this is important to make smart investment decisions and help avoid common pitfalls and traps investors make when buying these types of properties. We also discuss our 5-Point Success System to help you compare turnkey providers. Picking the right turnkey provider is not just about the property. We’ll also provide some tips, advice and comments on due diligence, rent guarantees, unnecessary fees, and the “2% Rule”. - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help us reach new listeners. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. Turnkey Real Estate Investing Explained Welcome to Passive Real Estate Investing. If this is your first time here, we're glad to have you. If this is not, then we're glad to have you back. Today's show is about turnkey real estate investing. This is a topic that's near and dear to my heart because I've been involved with turnkey investments for about eleven and a half years now. I started investing out of state in late 2003 and I've seen the good, the bad and the ugly. Back then, turnkey real estate investing wasn't really a subject matter or term that was kicked around too much by real estate investors. People would talk about passive real estate investments, rent ready real estate investments, turnkey real estate investments. It was loosely defined and it was a general understanding of what turnkey meant. It wasn't a topic that had that much attention. It does today. In fact, it's a hot topic. It's gained great popularity over the last ten years, especially over the last three or four. Today, it sees a lot of interest and controversy in real estate forums as well as other venues like real estate clubs. Why is this important? First of all, I want you to understand what turnkey real estate investing is as well as what a turnkey real estate property is. These are two different things as far as the way I look at it. I'm going to break that down for you today. You need to understand what it is and what it isn't in order for you to make better decisions. That's my second objective today, is to help you make smart decisions when it comes to passive real estate investments or turnkey real estate investments. Let's break it down into different definitions and get a good lay of the land and then we can connect all the dots. This will hopefully educate you to better understand this particular area of real estate investing. From there, I'll give you five point system that we use to compare turnkey providers and turnkey companies. You can use the same system in order for you to look around and decide on who you want to work with and who's the better choice for you to help you achieve your goals and your criteria. Regardless of where you choose to invest, there are two opposite ends of the investing spectrum when it comes to your involvement and required resources. On the one end, you have the do it yourself model or the do it yourself investment style, what I call active real estate investing. This is essentially a business where you're active involved, rolling up your sleeves, maybe getting your hands dirty. Do it yourself real estate investing puts all the risk and responsibility squarely on your shoulders. Typically, that involves everything from sourcing the property, acquiring it, funding it, renovating it, maybe managing it, selling it and coordinating literally every step in the process. Of course, it's not likely you'll be involved in every single piece of that process by yourself, but you will be involved to some degree every step of the way. This is the most time consuming and often stressful option. But for some, it's what they enjoy. Do it yourself investing also requires the larges...

Turnkey Real Estate Investing Explained | PREI 004

Jun 22, 2015 27:59

Description:

Today’s episode discussed what “Turnkey Real Estate Investing” is and further defines what a turnkey real estate investment is. A good understanding of this is important to make smart investment decisions and help avoid common pitfalls and traps investors make when buying these types of properties.

We also discuss our 5-Point Success System to help you compare turnkey providers. Picking the right turnkey provider is not just about the property.

We’ll also provide some tips, advice and comments on due diligence, rent guarantees, unnecessary fees, and the “2% Rule”.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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Why Real Estate is the IDEAL Investment | PREI 003

Jun 16, 2015 21:10

Description:

In this episode Marco discusses why real estate is the IDEAL investment. Real estate is the most historically proven wealth creator. In the episode we discuss what makes real estate the IDEAL investment.  We break down the five major elements of real estate and discuss when the best time to be investing is. - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help share the word. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. Why Real Estate is the IDEAL Investment Welcome to Passive Real Estate Investing. I'm your host Marco Santarelli. This is the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. If you're new to the show, I encourage you to go back and listen to the first two episodes. I cover some foundational and introductory information there. If you're joining us again, welcome back. Why is real estate the ideal investment? Real estate has been the most historically proven wealth creator. More people, especially people in the middle class, have become millionaires and billionaires through real estate than any other investment in history. Back in 2012, Warren Buffett was interviewed on CNBC's Squawk Box and he said, and I quote, "If I had a way of buying a couple hundred thousand single family homes, I would load up on them." This really got a lot of people's attention, not just on Main Street but on Wall Street. In fact, since then, there have been a number of hedge funds that have come up with billions of dollars and invaded many markets across the country, starting with places like Phoenix moving east to Dallas, Houston, Atlanta. They just came in and they started buying up all they could possibly buy. They really didn't care about the rates of return as much as the fact that they wanted buy at a "low price" and just build up a portfolio. The problem with buying real estate at the institutional level and on such a grand scale is that it's very difficult to do. This market, the real estate market, is a very fragmented market. It's a fragmented industry. Every real estate market is local and every market has its own real estate agents and brokers. It has its own set of property managers and inspectors and whatnot. It's very difficult to manage this as an investment on a grand scale. But that's really an advantage for us as a real estate investor. We can take advantage of these inefficiencies of scale, this fragmentation. It helps us as real estate investors because it allows us what used to be called mom and pop investing. It allows us to really build a large business out of it or a really large real estate portfolio for ourselves so we have that passive income through the cash flow. Real estate is made up of many elements. It is not a simple one sided type of investment. Because of that, it makes real estate an ideal investment. Let me break that down. Why is it an ideal investment? Ideal is not just an adjective for real estate, it's also an acronym. Each letter in the word ideal represents a major benefit or factor of real estate. The I in ideal represents income. Income is probably the most important ingredient when it comes to real estate or any investment for that matter. Because if you don't have cash flow from an investment, it really isn't much of an investment in my book. Not all investments provide income. If you were to go out and buy, let's say, $100,000 or $10,000 worth of stock from the stock market, unless you bought a blue chip company stock that pays an annual or quarterly dividend, there really isn't any cash flow, there is no income. That's what differentiates real estate from stocks and many other investments, is that real estate has a regular monthly predictable income stream or generation cash flow that you can count on. That is a key benefit. Now,

Why Real Estate is the IDEAL Investment | PREI 003

Jun 15, 2015 21:11

Description:

In this episode Marco discusses why real estate is the IDEAL investment.

Real estate is the most historically proven wealth creator.

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

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10 Rules for Successful Real Estate Investing | PREI 002

Jun 15, 2015 25:23

Description:

In this episode Marco discussed his 10 Rules for Successful Real Estate Investing.

After many years of successes and failures, Marco came up with the following rules of successful real estate investing.  These are the same rules he follows today and shares with investor clients at Norada Real Estate Investments.

This is an important and foundational subject so be sure to listen. You can also read the original article here: 10 Rules of Successful Real Estate Investing

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

What Is Passive Real Estate Investing? | PREI 001

Jun 15, 2015 22:31

Description:

Welcome to our first episode of *Passive Real Estate Investing*. We are excited to have you and look forward to many content-rich episodes.

In this inaugural episode we take a minute to introduce our host, Marco Santarelli, as he shares his real estate investing journey which started at the age of 18. We also lay out the goals for this podcast so you know where we will be taking you in future episodes.

Enjoy the show!

– – – – – – – – – – – – – –

Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.

Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.

See our available Turnkey Cash-Flow Rental Properties.

Please give us a RATING & REVIEW (Thank you!)

SUBSCRIBE on iTunes | Stitcher | Podcast Feed

10 Rules for Successful Real Estate Investing | PREI 002

Jun 15, 2015 25:23

Description:

In this episode Marco discussed his 10 Rules for Successful Real Estate Investing. After many years of successes and failures, Marco came up with the following rules of successful real estate investing.  These are the same rules he follows today and shares with investor clients at Norada Real Estate Investments. This is an important and foundational subject so be sure to listen.  You can also read the original article here:  10 Rules of Successful Real Estate Investing - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help share the word. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. 10 Rules for Successful Real Estate Investing Welcome the Passive Real Estate Investing. I'm your host, Marco Santarelli. This is our second episode of our exciting new show. This is the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. If you're new and you missed the first show, I encourage you to go back and listen to that introduction. We cover passive real estate investing, what it is, how that compares to active real estate investing. It lays a good foundation of what the show is about and where we're going as well as an introduction about myself. Today we're going to talk about the ten rules for successful real estate investing. I find this to be very foundational and very important. After many years of successes and failures through acquisitions, dealing with tenants, managing myself, working with property managers, market ups, market downs, seeing speculation in the market, speculating myself, getting caught up in that whole frenzy back in the early 2000s and then riding down a deflating bubble, I've learned many, many things. Over the course of those years, I've come up with these rules for successful real estate investing. These are the same rules I follow today and they're the same rules that we share with clients at Norada Real Estate Investments, a company that I own and manage that sells turnkey investment properties nationwide here in the US. The first is educate yourself. This is critically important and probably the most important rule. Knowledge is the new currency. If you don't educate yourself, then you are doomed to follow other people's advice. That applies to almost everything, whether you're talking about equities and the stock market or real estate or anything else for that matter. I like what Robert Kiyosaki talks about. He breaks education down into three categories. There's academic education, and this is what we all go to school to learn, the important stuff, the basics, what teachers teach us. This foundation is the reading, writing, learning and learning about the functions in the world. Beyond that, there's professional education. This is what we learn to help become successful within our careers. This is usually the stuff we learn in college or trade schools or maybe even on the job. It's information that we use for our profession. A good example would be attorneys or CPAs or dentists or trades people, like a machinist. This is information and skills that we need to be successful at work, at our job. The third kind of education is what we call financial education. This is the type of education that teaches us what we should be doing with our money to be successful. In today's world, financial education is crucial, especially with the world, economy and recession or depression. However, our school systems don't teach us about financial education and so most people have never really been taught what they need to know in order to take control of their financial lives. It surprises me that some people get out of high school and they don't even know how to balance a checkbook. Financial education is crucial. This all comes down to educating yourself, knowing about money, knowing about assets,

What Is Passive Real Estate Investing? | PREI 001

Jun 14, 2015 22:31

Description:

Welcome to our first episode of *Passive Real Estate Investing*.  We are excited to have you and look forward to many content-rich episodes. In this inaugural episode we take a minute to introduce our host, Marco Santarelli, as he shares his real estate investing journey which started at the age of 18.  We also lay out the goals for this podcast so you know where we will be taking you in future episodes. Enjoy the show! - - - - - - - - - - - - - - Subscribe on iTunes and Stitcher so you don’t miss an episode! Please remember to RATE and REVIEW our show to help share the word. Get your FREE copy of The Ultimate Guide to Passive Real Estate Investing. What Is Passive Real Estate Investing? Hello. Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. This is a new show, a show where busy people like you learn how to build substantial passive income while creating wealth for the long term. If you desire to better yourself and desire to better your financial future, then this is the show for you. What's my goal with this podcast? It's to inspire you to start or continue building your real estate portfolio. It's to teach you proven strategies for making money with real estate in any market. It's to help you avoid the common and costly mistakes, many of which I've had and made myself over the years. It's to give you actionable tips and advice. It's to help put you on the road to financial freedom. Because without passive income, it's difficult or nearly impossible in today's environment to actually achieve true financial independence and retirement, however you define retirement. What is passive real estate investing? That's what this show is all about. In order to understand passive real estate investing, let's start by understanding what active real estate investing is. Active real estate investing is a do-it-yourself investment strategy. It involves your time, your capital, your risk. You are engaged and involved in the process, either entirely from beginning to end, or heavily in parts of the process as you go through it. It takes up a significant portion of your time and involvement. It's really you and your time working for cash. It's you that makes it happen. It's you that's involved. It's, in many ways, like a job, JOB. If you look at job as an acronym, for many people it means Just Over Broke. It still a job, whether you're self-employed or not. The primary objective is to generate chunks of cash. You do this through either assignments of contract or from the equity you build in a property, if you're rehabbing a property. I'll get to that in a minute here. The primary objective is to generate chunks of cash, piles of cash. It's really just a one or two time payment and that's it, there is no cash flow. Let me give you a few examples here. Wholesaling, although I don't really consider wholesaling by definition to be investing, because what wholesaling is, it's the assignment of a contract. It's not really selling a property, you're selling a contract that you have in tying up a property to another investor. You're getting an assignment fee. You're just controlling property, you don't technically own the property. There's many ways to wholesale. Some people drive various neighborhoods looking for distressed properties, other people are marketing through post cards and whatnot. But that whole process of wholesaling takes time, it takes some capital, it involves some risk, although not risk in the property but risk in lost time. That's wholesaling. Once you sign that contract, you get a chunk of cash. Another example of an active real estate investing strategy would be a quick flip. Some people like to look for properties that they could flip quickly. That could be because it's a distressed property and needs work or maybe it's a distressed homeowner and they can pick up that property up at a discount. You would essentially buy that property,