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Passive Real Estate Investing Podcast by Marco Santarelli

Passive Real Estate Investing Podcast

by Marco Santarelli

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Mar 24, 2017


  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,

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Understanding Neighborhood Trends and Forecasting Property Values | PREI 075

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Mar 17, 2017


  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...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Mar 10, 2017


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.

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New Construction Fourplexes in US Growth Markets | PREI 073

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Mar 03, 2017


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 ...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Feb 24, 2017


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,

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Rich Dad Poor Dad Book Summary | PREI 071

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Feb 17, 2017


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Feb 03, 2017


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Jan 20, 2017


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...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Jan 13, 2017


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...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Jan 06, 2017


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Dec 16, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Dec 02, 2016


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.

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Leveraging Hidden Assets | PREI 064

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Nov 25, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Nov 18, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Nov 03, 2016


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 ...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Oct 07, 2016


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

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Listener Questions / Jacksonville Update | PREI 060

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 22, 2016


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

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Market Spotlight: Little Rock, Arkansas | PREI 059

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 15, 2016


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 08, 2016


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

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Indianapolis Update and Listener Questions | PREI 057

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 25, 2016


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 the pros and cons of rehabbing and flipping. 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 18, 2016


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

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The Four Real Estate Market Cycles | PREI 055

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 11, 2016


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

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The Wealth Creation Formula | PREI 054

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 04, 2016


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jul 28, 2016


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jul 21, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jul 14, 2016


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jul 07, 2016


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...

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jun 30, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jun 23, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Jun 10, 2016


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

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Financing for Foreigners and the Self-Employed | PREI 046

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jun 02, 2016


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. And 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

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The Importance of Reputation | PREI 045

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, May 26, 2016


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.  You need to be able to protect yourself and work with trustworthy businesses.  Otherwise, the consequences can be very expensive. 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

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Common Investor Questions (Part 1) | PREI 044

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, May 12, 2016


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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, May 05, 2016


  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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Apr 28, 2016


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. 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Apr 21, 2016


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! - - - - - - - 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Apr 07, 2016


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.

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Mar 31, 2016


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. 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

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How the Economic Machine Works – Ray Dalio | PREI 038

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Mar 24, 2016


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”. - - - - - - - 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

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Viewing Properties Just Got Easier – WeGoLook | PREI 037

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Mar 17, 2016


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. - - - - - - - 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Mar 10, 2016


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. - - - - - - - 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

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Make Better Decisions Using Neighborhood Info | PREI 035

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Mar 03, 2016


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. - - - - - - - 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

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Market Spotlight: Investing in Indianapolis | PREI 034

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Feb 25, 2016


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. - - - - - - - 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Sat, Feb 20, 2016


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). - - - - - - - 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jan 14, 2016


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.

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13 Things Successful People Do Differently | PREI 031

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jan 07, 2016


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. - - - - - - - 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

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

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Dec 24, 2015


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. - - - - - - - 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

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Nationwide Rental Property Insurance | PREI 029

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Dec 17, 2015


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. - - - - - - - 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

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Rental Crisis in the US? | PREI 028

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Dec 10, 2015


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. - - - - - - - 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

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How to Self-Manage Your Properties | PREI 027

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Dec 03, 2015


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? - - - - - - - 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

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Property Management Secrets with Brenton Hayden | PREI 026

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Nov 26, 2015


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.

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What Foreigners Need to Know When Purchasing Property in the U.S. | PREI 025

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Nov 12, 2015


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...

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Ask Marco – Top 10 Real Estate Books, How Important is a Property’s Age, Investing as a Foreigner | PREI 024

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Nov 06, 2015


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

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Client Case Study on Turnkey Real Estate Investing | PREI 023

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Oct 29, 2015


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. - - - - - - - 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

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The “Buy & Hold” Strategy with Linda McKissack | PREI 022

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Oct 22, 2015


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!)

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Hot Investment Opportunities in Jacksonville, Florida | PREI 021

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Oct 15, 2015


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. - - - - - - - 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!)

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The Truth about Property Insurance | PREI 020

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Oct 08, 2015


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,

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Ask Marco – Making the Leap, Due Diligence, The First Step | PREI 019

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Tue, Sep 29, 2015


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!)

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The Success Mindset with J. Massey | PREI 018

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 24, 2015


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!)

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Market Spotlight: Stability in Atlanta, GA | PREI 017

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 17, 2015


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!)

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How to Purchase Property in Other Markets | PREI 016

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Wed, Sep 09, 2015


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...

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How to Track Your Real Estate Portfolio | PREI 015

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Sep 03, 2015


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!)

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Financing Your Real Estate Investments | PREI 014

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 27, 2015


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,

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Market Spotlight: Cash Flow in Kansas City, MO | PREI 013

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 20, 2015


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.

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Passive Income Investing in Mortgage Notes | PREI 012

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Aug 13, 2015


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

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Investing Using Your Retirement Accounts | PREI 011

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Tue, Aug 11, 2015


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

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Asset Protection for Real Estate Investors | PREI 010

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Fri, Aug 07, 2015


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

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Passive Investing in Syndicated Deals – Joe Fairless | PREI 009

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Mon, Aug 03, 2015


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...

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5 Strategies to Benefit from Inflation | PREI 008

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Wed, Jul 29, 2015


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...

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Choosing the Right Neighborhood | PREI 007

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Wed, Jul 15, 2015


  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...

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Understanding Linear and Cyclical Markets | PREI 006

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Wed, Jul 08, 2015


  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,

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Cash-Flow and Rates of Return | PREI 005

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Thu, Jul 02, 2015


  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,

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Turnkey Real Estate Investing Explained | PREI 004

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Mon, Jun 22, 2015


  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...

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Why Real Estate is the IDEAL Investment | PREI 003

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Mon, Jun 15, 2015


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,

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10 Rules for Successful Real Estate Investing | PREI 002

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Sun, Jun 14, 2015


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,

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What Is Passive Real Estate Investing? | PREI 001

Author: Expert Advice for Creating Wealth and Cash Flow through Real Estate Investing with inspiration by Robert Kiyosaki Author: "Author: Rich DadAuthor: "Author: | A Smart Passive Income Alternative to the Stock Market, Dave Ramsey, Clayton Morris, BiggerPockets and Grant Cardone.
Sat, Jun 13, 2015


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,

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