Passive Real Estate Investing show

Passive Real Estate Investing

Summary: 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!

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  • Artist: 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.
  • Copyright: © 2016 Norada Real Estate Investments. All Rights Reserved.

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 Why You Need a Broker’s Price Opinion | PREI 039 | File Type: audio/mpeg | Duration: Unknown

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.

 How the Economic Machine Works – Ray Dalio | PREI 038 | File Type: audio/mpeg | Duration: Unknown

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 und...

 Viewing Properties Just Got Easier – WeGoLook | PREI 037 | File Type: audio/mpeg | Duration: 30:32

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.

 An Aussie’s Journey into U.S. Real Estate | PREI 036 | File Type: audio/mpeg | Duration: 33:55

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,

 ccMake Better Decisions Using Neighborhood Info | PREI 035 | File Type: audio/mpeg | Duration: 43:47

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 year...

 Market Spotlight: Investing in Indianapolis | PREI 034 | File Type: audio/mpeg | Duration: 31:56

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 a...

 My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy | PREI 033 | File Type: audio/mpeg | Duration: 17:57

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?

 Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth | PREI 032 | File Type: audio/mpeg | Duration: 55:51

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 instruc...

 13 Things Successful People Do Differently | PREI 031 | File Type: audio/mpeg | Duration: 29:58

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 wee...

 Pros and Cons of “Active” Real Estate Investing with Mike Hambright | PREI 030 | File Type: audio/mpeg | Duration: 34:58

  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.

 Nationwide Rental Property Insurance | PREI 029 | File Type: audio/mpeg | Duration: 29:12

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 inv...

 Rental Crisis in the US? | PREI 028 | File Type: audio/mpeg | Duration: 18:43

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,

 How to Self-Manage Your Properties | PREI 027 | File Type: audio/mpeg | Duration: 55:14

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.

 Property Management Secrets with Brenton Hayden | PREI 026 | File Type: audio/mpeg | Duration: 47:51

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 investm...

 What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025 | File Type: audio/mpeg | Duration: 54:47

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 invest...

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