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We all know that just buying four walls and a roof is not going to make you successful. The strategies that you implement will make you successful. A lot of real estate investors don’t think about that until the tax day creeps up on them, and then it’s too late to start thinking what strategies they should have implemented 6, 9, or 12 months prior. As we know, 90% of all wealth is attributed to people who own and control real estate, and who are very successful at it with different strategies of tax savings, tax implications, tax depreciation, and tax benefits. Today, we have a special guest Ana Klein, a CPA who works specifically with real estate investors, and who shares with us the basics that real estate investors need to know about tax savings. What Is Covered: ‍4:44 - Why, as an investor, you should always hire a tax professional with experience in real estate. 9:16 - The secret of how the wealthiest people in the US end up paying less in taxes. 10:23 - Whether there have been some changes with COVID for real estate investors tax wise. 14:44 - What the 20% qualified business income deduction is. 16:26 - The implications of investing in certain areas of the US from the tax perspective. 18:23 - How to earn the professional real estate investor status. 23:38 - Number #1 tax saving strategy for 2021 - keep good records. 28:00 - Why you need to have tax planning conversations with your accountant more than once a year. Show Resources: AKK Tax & Accounting Connect with Ana Klein Connect with Steve Rozenberg Meet Ana Klein: Ana Klein is the CEO and owner of AKK Tax and Accounting. With over 10 years of accounting experience she spearheads the organization. Ana has been featured on various podcasts regarding her expertise in the specialty of real estate investing and small business sectors of accounting.

Mindset is the most important part of any business, but that’s especially true in real estate. From overcoming the fear in the beginning to upscaling your business and leveraging your time, mindset is the one thing that makes all the difference. Before you even get into real estate investing, you should know what your endgame is. What does financial freedom look like to you? That’s what I will discuss today with Terrie Schauer, a property management and real estate investment coach. From setting up a good business model to learning that time is your most valuable resource, Terrie is here to share years of experience in coaching real estate investors! What We Cover 00:02 - Terrie’s background in property management and investment and the most important lessons she learned. ‍08:00 - How to overcome the fear of failure and decide to start your investing and get into real estate like a professional. ‍14:26 - The most important lessons you need to learn as a property manager and how to protect your time and assets. ‍19:17 - As you get further down the real estate business path, how to leverage your time and overcome the fears that come with expansion. ‍22:32 - Why it’s so important to find a business model that will have you working less but making more, and how to do that in real estate. ‍28:27 - The most important question you need to answer as a real estate investor in order to live a full life and enjoy your time more. ‍35:36 - Terrie’s plans for the future, as an investor and a coach, and how to get in touch with her and learn about the real estate mindset. Show Resources Connect with Terrie Schauer at https://terrieschauer.com/ Find Terrie on Facebook Mindful Landlord: How to Run Rental Property for Profit and Peace of Mind, a book by Terrie Schauer Meet Terrie Schauer Terrie is a real estate investor and property manager with twenty years experience in Canada's major markets (Toronto, Vancouver, Montreal) as well as in Marseille, France. She sees real estate investing as a path to financial freedom. As a coach and speaker, she works with fellow investors on property management, the mental aspects of investing, as well as landlording for profit and peace of mind. Her best selling book, Mindful Landlord, is currently available on Amazon.

Being a successful real estate investor hinges heavily on having a business owner mindset and establishing systems and processes. Unless you can leverage your business to scale without overextending yourself, you’ll never be able to grow. Your key lesson should be how to achieve scalability through working with other people. Today on the show our guest is Palak Shah, who’s done just that. With a background in engineering, Palak set up systems and hired people who allow her to sit behind the desk and grow her portfolio seamlessly. Join us as she shares advice and lessons she’s learned along the way. What We Cover 00:00 - Introducing Palak, her background in engineering, and why she decided to switch careers. 08:49 - What inefficiencies Palak found when reviewing her first deals and the three most common types of investors. 13:13 - Palak’s growth plans and how she leverages strategies to build long-term wealth. 16:26 - The systems Palak has in place to manage and grow the 40 properties from her portfolio. 19:05 - Why you need to change your money mindset if you want to build wealth as an investor. 24:42 - Learning to spend $30 on a solution before it becomes a $3.000 problem. 29:41 - The number one lesson Palak learned since her first deal. Show Resources Open Spaces Women Open Spaces Women on Instagram Join Palak's free Facebook group Real Estate Investing for Busy Professionals. Meet Palak Shah Palak Shah is the founder and owner of Open Spaces Capital that generates over $1M in revenue. An Engineer by trade, after the birth of her two kids she decided to make the move to entrepreneurship to be able to spend more time with her children. Though Palak has invested in real estate for many years, in her first two years investing full-time, she purchased, renovated, rented, and refinanced properties creating a $4M rental portfolio. It is now her passion to empower other investors to pursue entrepreneurship through real estate investing to live an empowered and financially free life.

There are so many different ways to make money as a real estate investor. The best and the worst part of this game is that there are no rules. This is why it’s so important that we keep learning from each other. Our guest today is Todd Baldwin, a young and super successful real estate investor from Seattle. He’s perfected house hacking and rentals in the Greater Seattle Area and has made millions within a couple of years. He shares his best advice for new investors and some tips and tricks specific to his market. We also discuss the mindset that goes into getting started and picking great deals. What We Cover 00:00 - How Todd got started and what his first deal looked like. 07:34 - The way COVID affected his business model… in a good way. 11:57 - Things to keep in mind when picking houses and writing up lease agreements. 16:51 - How Todd chooses new deals and the decision-making process behind that. 21:55 - Why you need to trust numbers and leave emotions on the side. 25:33 - Todd’s scaling up plans and markets that he’s looking at in 2021. Show Resources Get in touch with Todd on Instagram Learn from Todd on his YouTube channel Mynd Property Management Meet Todd Baldwin Todd Baldwin is a Real Estate Investor, Entrepreneur, Healthcare Specialist, and a YouTube Partner with Google. Baldwin was interviewed with CNBC for his unique real estate strategy that made him a multi-millionaire in his mid-20s. Baldwin has also been on the cover of the BiggerPockets Wealth Magazine and featured in two documentary series about politics, capitalism, and healthcare.

Real estate always finds a way to surprise you. The success in this game depends on your ability to adapt and learn new things. At Mynd, we believe that the best source of information and learning comes from other investors. Our special guest today will help us get to that next level faster. Tony Robinson is the Real Estate Rookie Podcast host, and a passionate real estate investor himself. We discuss the science and art of investing, and everything from numbers and data to the success mindset you need to make it as an investor. What We Cover 03:15 - Tony’s background and why you don’t have to quit your 9 to 5 job to become a real estate investor.10:03 - The secret to success in different areas of life and how to keep the end goal in mind.15:49 - How Tony got into real estate and what took him from learning to action.22:27 - Tony’s best deals and how he set up his business to maintain and grow his portfolio.32:22 - The world of short-term rentals and why you should sometimes sell even the properties with good ROI. 38:13 - The up and coming trends for 2021 and whether you should care for trends at all. Show Resources Get in touch with Tony on Instagram Check out the Real Estate Rookies Podcast Short-term rentals with Alpha Geek Capital Meet Tony Robinson Tony Robinson is well known in the world of real estate investing as the host of the BiggerPockets Real Estate Rookie podcast (over 2 million downloads). After starting his investment career by purchasing single-family homes as long-term rentals, he found the tremendous opportunity that short-term rentals provide, and has since focused 100% of his efforts on growing that part of his business.

Our guest today is Tobin Brinker, the Director of Operations at Mynd Property Management. Tobin is helping real estate investors leverage technology and data to make smart, number-based decisions. We discuss current and future trends, tools, and tech that can help investors succeed, as well as the best practices we can use to avoid pitfalls. If you've been wondering how to choose and evaluate a deal, and what needs to happen next, you'll find the answers in this episode. Tobin also shares everything that Mynd can do for new investors, from sourcing a deal to doing property management. What We Cover 00:15 - Tobin’s background in single-family real estate space.‍05:09 - How to look at numbers and data when making a decision.‍07:07 - The most notable real estate trends of 2020, whether they are here to stay.‍12:59 - The range of services that Mynd provides to investors.‍16:31 - The three biggest trends in 2021 and going forward.‍21:56 - What are the best ways for investors to take advantage of new trends. Show Resources Find Tobin Brinker on LinkedIn Get in touch with Tobin through Mynd Property Management Meet Tobin Brinker Tobin is the Director of Operations at Mynd Property Management. He is also a Real Estate Acquisition and Asset Management Professional experienced in acquisitions, sales, leasing, property management, construction management, and asset management. He has a track record of successfully executing investment strategies.

As investors, if we are looking for a market or a city that we want to invest in, we want to know a little bit about the dynamics of that market. We've been hearing a lot about people and companies moving to Texas. Why is Texas, and Austin specifically, such a hotbed for investors? We’ve invited Daniel Davis, a local expert in the Austin market, who also works for Mynd Property Management, to talk about the growth of the real estate market in Texas. We discuss demographics, rental market, business opportunities, new builds, and urban flight as important factors that make Austin a hot market in 2021. What We Cover 2:06 - The main reasons behind the continuous growth of the Austin market. 7:12 - The indicators that are showing Austin’s housing market growth. 11:00 - High demands for renting properties and the challenges for investors. 14:45 - Why investors should consider the opportunity to invest in Austin. 17:00 - Predictions for single family properties in 2021. 18:14 - Which facts and data can help you determine where to invest. 21:15 - What other cities in Texas are attractive for investors. 22:17 - How to get in touch with Daniel and other agents at Mynd Property Management. Resources Connect with Daniel Davis via email Mynd Property Management Meet Daniel Davis Daniel Davis is Account Manager at Mynd Management specializing in Austin and Texas market since 2020. Previously he was Account Advisor at Grubhub, Licensed Home Advisor at Opendoor, and Dealer Support Specialist at Uber. He is also a licensed Arizona Real Estate Sales Agent.

There were a lot of notable things that happened in 2020 in the real estate world that are likely to carry through to 2021. From the moratorium on evictions, urban flight, relocation of tech companies and the impact of remote work, to changes in property prices and appearance of new hot spots in the market, we can say that 2020 was a wild ride for everyone - landlords, tenants, investors, home buyers and property managers. Don Ganguly, Founder and CEO of Home Union, now Mynd Investor Services, helps us wrap up the year behind us and discuss the trends that we will be seeing in the upcoming period.   What We Cover ‍3:34 - Don’s background and how Home Union became a part of Mynd Property Management 8:00 - The benefit of having remote operation in business DNA in 2020 9:25 - The most notable trends in the real estate markets in 2020 14:33 - The impact of the moratorium on evictions on landlords, investors and tenants 17:52 - Opportunities in the construction industry and development in 2021 and beyond 22:07 - Opportunities for first-time home buyers with FHA loans 26:33 - Urban flight and remote work as normalization forces in real estate markets 28:58 - Which cities are going to be ‘hot’ in the upcoming year 32:17 - How Mynd Investor Services can help real estate investors Resources HomeUnion/Mynd Investor Services FHA Homebuyers Loans Connect with Don Ganguly on LinkedIn Meet Don Ganguly Don Ganguly is an entrepreneur and expert in the acquisition and management of residential real estate. He was the founder and CEO of what is now Oracle Financial Services BPO (originally Equinox). He was also an advisor to Acqura Loan Services, a special servicer of distressed residential loans, now owned by Apollo Funds. Don has a degree in Engineering from IIT Kharagpur and an MBA from the Wharton School where he has been a mentor. Don is a recipient of the Housing Wire Vanguard Award which recognizes leaders of businesses contributing to the growth of the housing economy and its various sectors, including lending, servicing, investments, and real estate.

Today I’m talking with a super successful dynamic duo, investors Mel and Dave Dupuis. They are a married couple who have been doing great things lately, both as real estate investors and educators. We got together to discuss all things real estate, from deciding to go for it full time and buying your first properties to scaling up and stepping into your role as a leader. Mel and Dave will share their path towards generational wealth and we will dive deep into all the nitty-gritty of running a successful real estate business. What We Cover 00:34 - Mel and Dave’s backgrounds, how they went from husband and wife to business partners, and how they split their duties. 14:19 - Why it’s important to go beyond initial motivation and find a shared goal to push you through rainy days. ‍21:28 - How to keep the mental fortitude to see your plan through, and why it’s important to only take advice from more people more successful than you. ‍27:27 - The difference between a leader and a manager, and setting up your business so you can run off to the Caribbean (without things falling apart). ‍35:29 - How to lead by example and inspire your employees while ensuring that you have an outside perspective of what’s going on in your company. ‍40:56 - Learning to trust the plan, rebuild and fix what needs fixing, and scale-up in a sustainable way, without losing sight of your goals 49:49 - Mel and Dave’s plans for 2020 and 2021 and where to find them on social media to get in touch for real estate investment advice. Show Resources Dupuis Properties Find Mel and Dave Dupuis on Facebook, Instagram, and YouTube Real Estate Investing Secrets e-Book Meet Mel and Dave Real Estate investors, bestselling authors, speakers & mentors Mélanie and Dave Dupuis own and manage over 100 apartments, which include commercial spaces, homes, and 1, 2, and 3 bedroom apartments. They are committed to providing attractive, well-kept apartments with a comfortable and enjoyable living environment. Residents feel safe knowing that the properties are legal with the City of North Bay, fire retrofit, smoke-free and well-maintained.

Today we have a very special episode with Mynd's Senior Communications Manager, Stacy Corso, who interviews Clare Trapasso, a deputy news editor at realtor.com. Clare is a highly respected multimedia journalist with a keen insight into the housing market. In one of her recent articles, Clare analyzed the migration from cities to suburbs due to COVID-19. We look at different trends, markets, and changes that have occurred due to the pandemic shifting lifestyles of many people across the nation. What We Cover 00:00 - The key reason people are making the move from cities to suburbs. ‍05:18 - The impact of this migration on median home price growth and inventory. ‍08:55 - What are the up and coming secondary and tertiary markets. ‍13:34 - Other reasons behind the move and what kind of suburbs are doing well. ‍17:52 - What’s happening in the New York market and where to find Clare. Show Resources Buyers Say Bye-Bye to the City: Are Suburbs Ready for a Massive Makeover? Find Clare on Twitter, LinkedIn, and realtor.com Find the episode's full transcript Meet Clare Trapasso Clare Trapasso is the senior news editor of realtor.com, writing and editing stories about the world of residential and rental real estate. She has written for the New York Daily News and other finance publications. She is also an adjunct journalism professor at St. John's University.

Today our guest is the amazing Ashley Kehr, the host of BiggerPockets Real Estate Rookie Podcast. She’s also making a killing in New York State as an investor. In this episode, Ashley shares her investment tactics, the best deals she’s done, and how she shifted her mindset so she can build a team and scale up. We also discuss episode 33 of the Rookie Podcast where Mynd Property Management and Ashley come together to mentor a new investor Joe Roberts. The episode is a step-by-step guide to finding the deals, securing funding, building a team, and multiplying knowledge for generational wealth. What We Cover 00:00 - How the BiggerPockets Rookie Podcast helps new investors. ‍06:04 - Ashley’s beginnings and how she followed the recipe of success. ‍10:04 - Ashley’s best deal and why it worked on several levels. ‍14:32 - How and why would you consider remote investing. ‍17:13 - Why it’s important to build a team as a real estate investor. ‍24:00 - How to avoid self-sabotage and common challenges in investing. ‍28:41 - The best new opportunities for investing in New York State. ‍33:55 - Get in touch with Ashley and learn more about what MYND does. Show Resources BiggerPockets Real Estate Rookie Podcast #33: A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve Rozenberg Find Ashley Kehr on Instagram and BiggerPockets Meet Ashley Kehr Ashley Kehr is the co-host of the BiggerPockets Real Estate Rookie Podcast where she helps and inspires others to get started in real estate investing. She is a buy and hold investor since 2014 and she lives on a dairy farm in Buffalo NY with her husband and our 3 young boys.

Investing is a team sport and no matter where you are in your journey, you should always keep learning. Whether you’re in property management or you’re investing in hot new markets, surround yourself with like-minded people who have a proven track record. One of such investors is Leka Devatha, a former fashion expert turned real estate investor in 2014. She’s been wildly successful in the Greater Seattle Area doing fix and flips, land subdivisions, multi-family investing, and selling of residential real estate representing both buyers and sellers. Today we discuss the success mindset, power of communication, and the Seattle market trends. What We Cover 00:00 - How to get started and turn your mistakes into success. ‍04:48 - Breaking glass ceilings and following a no-excuse policy. ‍11:04 - The importance of networking in real estate investing. ‍12:30 - How Leka finds appreciating and cash flow deals in Seattle. ‍16:15 - Current and future trends in the Greater Seattle Area. ‍19:31 - How to leverage the 1031 tax benefit exchange to keep investing. ‍24:50 - What to do when you’re not cash flowing… yet. ‍26:49 - Leka’s forecast for the real estate markets in Seattle in 2021. ‍32:26 - How to get in touch with Leka and learn from her. Show Resources Find Leka Devatha on Instagram and LinkedIn Real Estate at Work monthly meetups Meet Leka Devatha Leka Devatha is a Real Estate Broker & Investor, a listing expert and redevelopment consultant with experience in fix and flip. She’s a passive income specialist and investor with thousands of successful deals behind her. Her superpower is connecting people and for that reason, she co-hosts the 'Real Estate At Work' monthly meetup in the Greater Seattle Area.

At Mynd Property Management, our aim is to offer unique perspectives of both property managers and investors. And when it comes to the investing world, there are so many different ways to make money. Today on the show we have Jim Maffuccio from Aspen Funds, an expert in alternative real estate investments. He and his partner founded a company that purchases both distressed and performing mortgages. He will offer insight into this industry and share his view of the future, based on 30+ years of experience in the real estate market. What We Cover 01:53 - How Jim and his partner founded Aspen Funds and what they do.09:39 - Why banks sell their debts and why it makes sense for Aspen Funds to purchase them.11:38 - Jim’s view of the 2008 crisis and whether he sees any signs of history repeating today. 18:22 - Market trends we’re seeing and where the next big opportunities can be found.22:56 - How to become an investor and learn more about purchasing mortgages.27:15 - Jim’s prediction of the market trends and real estate opportunities in the next year. Show Resources Get in touch with Aspen Funds Mynd Property Management Meet Jim Maffuccio James Maffuccio is the Co-Founder and CIO of Aspen Funds. He is a 30-year real estate veteran and an expert in mortgage notes. He is deeply networked in the secondary mortgage industry and is responsible for acquisitions and underwriting as well as relationships with primary sources and key vendors.

Our guest in this episode is Alex Berg from Rex Real Estate, who talks about different technologies that streamline the process of buying and selling property. Rex Real Estate is a proud partner of Mynd Property Management, and this company was able to employ data and AI technologies to significantly cut down brokerage fees, so we wanted to find out all about their business model. We also discuss the impact of the pandemic on technology and homes, other market trends, and different ways Rex Real Estate can leverage technology to provide top-notch services. What We Cover 00:07 - What Rex Real Estate does, how it establishes trust with its clients, and what benefits it brings to the table. ‍06:03 - It’s not about removing real estate agents or the human element - it’s about improving the technology so the processes are more streamlined. ‍12:23 - Who is the ideal client and the ideal investor to benefit from Rex Real Estate brokerage services. ‍16:14 - Market trends, challenges, and cycles as they relate to investors’ journey and housing in the real estate market. ‍25:38 - The specific markets nationwide that are growth-oriented for both buyers and sellers. ‍31:38 - The main benefits of working with a tech-savvy company like Rex Real Estate. Show Resources Get in touch with Rex Real Estate Connect with Alex on LinkedIn Meet Alex Berg Alex Berg is an experienced tech sales and business development executive with a focus on helping disruptive companies grow through strategy, revenue generation and process implementation. He currently serves as the Strategic Sales Manager at REX Real Estate, where he provides vision and integration across multiple teams to drive results for REX's overall sales initiatives.

It’s always good to have your money working for you. We all know it’s not what you make, it’s what you keep. But what does that mean for real estate investors? Well, it all comes down to asset protection, diversification, and making sure you’re building generational wealth that’s resistant to market volatility. Today on the show we have Sarry Ibrahim, the CEO of Financial Asset Protection. He will explain how you can use the infinite banking concept to grow safe, predictable, and guaranteed wealth on a tax-deferred basis. We will also touch on asset protection and the importance of diversification in the face of a market crash. What We Cover 00:02 - What’s the infinite banking concept and how to take advantage of these policies. 04:58 - How to get started in this world and Sarry’s background.‍ 07:09 - The way these policies can help real estate investors overcome liquidity challenges. 10:06 - The downsides to the process of infinite banking and what to consider before you start. ‍13:27 - How to capitalize on the concept of infinite banking and get started with your policy. ‍16:08 - Why it’s so important to have a team with different expertise and get a wealth advisor. ‍18:37 - Understanding and preparing for market crashes in the context of the current situation. ‍27:30 - How to book a free consultation with Sarry and start your asset protection process. Show Resources - Book a free consultation with Sarry Ibrahim at https://finassetprotection.com/ - Connect with Sarry on LinkedIn Meet Sarry Ibrahim Sarry Ibrahim’s business is to help high net worth individuals, real estate investors, business owners and retirees grow and protect their wealth predictably and safely. As a Financial Consultant, Health and Life Agent, Sarry has cultivated a reputation for putting his clients first, no matter what. He prides himself on attending all client meetings without expectations or preconceived ideas to ensure that he is solving his client’s problems.

Do you know what’s the difference between a house built for rent and one built for sale? The build for rent market is becoming very interesting to investors! Build for rent houses cut down your maintenance costs, ensure a long-term, steady income, and present a great addition to a real estate portfolio. Today on the show we have Mark Peterson from SVN | SFRhub Advisors who will tell us all about build for rent houses and how the whole thing works. Mark and his company advise builders, developers, investors, and sellers to help them breakthrough into this new market. In this episode, he will share some of that knowledge with us and introduce us to this great new opportunity! What We Cover 00:06 - Introduction to the subject of build for rent and Mark’s background in real estate. ‍06:40 - What types of investors can work with SVN | SFRhub Advisors and what are the best models for investing in build for rent. ‍12:33 - The benefits of build for rent vs. SFR, why is build for rent perfect for economies of scales, and how to establish a syndication model. ‍19:45 - The impact of the pandemic and subsequent changes on real estate development and future trends in building houses. ‍24:37 - The benefits of build for rent vs. fix and rent, and why build for rent can be a better choice for long-term investors. ‍30:18 - What exciting new markets (aside from big metro areas) are up and coming for large-scale investors who want to hold properties in the long-term. ‍36:42 - How to get in touch with Mark and SVN | SFRhub Advisors and what kind of services they can offer investors, developers, and sellers. Show Resources SVN | SFRHub Advisors Connect with Mark Peterson on LinkedIn Meet Mark Peterson Mark Peterson is the Director of the Build-for-Rent (BFR) division at SVN | SFRhub Advisors in Phoenix, Arizona. In this capacity, he leads all activities associated with BFR activities at SVN | SFRhub Advisors. These activities include leading a team that has analyzed BFR portfolios around the country. Mark Peterson is also a member Investment Fund Manager and Fund Team for the BFR aggregation capital fund, SVN SFR Capital Fund I, L.P. The SVN Fund is in the process of identifying and securing approximately 4,000 – 6,000 homes to acquire and stabilize over the next three years.

Did you know that accessory dwelling units (ADU) are a great way to add value to your portfolio and have a positive impact on communities? Many states, led by California, are passing legislation that now allows for ADUs to be built within single-family units. This presents a great opportunity for investors and customers alike! Today on the show we have Erik Preston from Habitat, who will explain how ADUs work in different scenarios. We will go through the legislation, pros and cons, and the nitty-gritty of actually building an ADU. Tune in if you want to learn more about this incredible investment opportunity! What We Cover‍ 00:06 - Introduction to the subject of ADUs, the California legislation, Erik’s personal and business background.‍ 05:53 - What different types of ADUs exist and what are the prime locations where they can increase the value of your property.‍ 10:50 - What happens with the line between single and multi-family units when ADUs are built.‍ 12:57 - The barriers and obstacles of building ADUs in terms of parking, HOA rules, and similar.‍ 18:54 - The process of selling or buying properties that have ADUs on them. 21:02 - How does an investor approach adding an ADU to a single-family property, in terms of legislation, permits, and keeping the tenants happy.‍ 26:57 - What kind of returns on investment can be expected from ADUs, what problems are solved, and what is the potential for growth. 31:14 - How Erik and Habitat can help you plan, develop, and build ADUs on your properties to see the maximum benefit to both you and the community.‍ 35:24 - How to get in touch with Erik Preston and learn more about what Habitat has to offer. Show Resources Habitat ADU Connect with Erik on LinkedIn Connect with Erik via email‍ Meet Erik Preston Erik Preston is a business development leader at Habitat ADU, with a background in product operations and BizOps. His experience includes building and scaling new services at unicorn SoftBank funded startup (Opendoor), on the founding team of startup with $13m cash exit (Lovely) and as Director at 900 person PE owned web portfolio (RentPath).

Real estate investments are a great way to amass generational wealth and passive income streams. But how do you choose a deal? How do you put together a team that will help you succeed in the longterm? And how do you expand and diversify your portfolio? Today on the show we have Marco Santarelli and he’s going to answer all of these questions for us. Marco is the founder of Norada Real Estate Investments; he’s been in this business for several decades already. He will share his 10 rules of successful real estate investing. If you’re looking to take your training wheels off and jump into this space, this is the episode for you! What We Cover 02:32 - Marco’s background and the first lesson you need to learn about real estate investing. ‍06:13 - Why people hesitate to take action towards financial freedom and how to gain that confidence. ‍10:31 - The 5 core people you need to have on your team if you want to run a successful business, and not just a job. ‍14:48 - What does a perfect candidate look like and how to select your real estate team and the property management company. ‍18:33 - The number one rule, i.e. the first thing you need to do before you even think of investing. ‍19:53 - The 10 rules of successful real estate investing and how to apply each of them in your business and life. ‍30:19 - Why is diversification so important in the real estate portfolio with Marco’s diversification method explained. ‍33:53 - How to accelerate your wealth generation and magnify your ROI through direct ownership. ‍36:43 - The biggest investment opportunities we can expect in the next 18 months. ‍41:03 - How to connect with Marco and find his websites, podcast, and social media. Show Resources Norada Real Estate Investments Passive Real Estate Investing Connect with Marco Santarelli on Twitter and Facebook Meet Marco Santarelli Marco Santarelli is an investor, author, and founder of Norada Real Estate Investments, a national real estate investment firm offering turnkey investment property in growth markets nationwide. He is the host of the Passive Real Estate Investing show, where busy people learn how to build substantial passive income while creating wealth for the long-term. Marco is also the creator of DealGrader™, a scoring system that measures the investment quality of a real estate investment, giving you an overall snapshot of its profitability and investment risk. ‍

Real estate is a business, and it has laws, rules, processes and procedures. Not knowing them is not an excuse, even if they are changing all the time as they are in 2020. Our special guest today, Daniel Bornstein, is an attorney based in California, who specializes in advocating for the rights of owners in landlord-tenant disputes and complex real estate litigation. We talk about the impact of COVID-19 on real estate legislation in the Bay Area and nationally, and why his role is so vital for us investors. We also discuss how we as owners and investors can find legitimate resources and sound advice to help us to navigate the legal challenges we are facing during the pandemic. What We Cover 1:53 - Daniel Bornstein’s background and how he specialized in real estate legislation.4:12 - Why owners are attempting to do things by themselves and avoid hiring an attorney. 10:03 - The biggest legal challenges for the investors during the pandemic, and how things are developing. 15:28 - The problems that arise with the moratorium on evictions and delayed rent payments. 19:24 - How the demographics of the cities are going to change with people moving out and working remotely. 22:38 - How many investors are facing foreclosure in January 2021. 24:41 - The potential opportunities to invest in rural housing with home offices, or private study rooms in the cities. 29:09 - The legal obligations of owners towards the tenants in the context of COVID-19. 33:55 - How to juggle between protecting the tenants, protecting the assets and staying within the confines of the law. 37:12 - Where investors can find resources to stay current with the COVID-19 related legislation. 40:54 - How to decide whom to ask for advice and take into account differences between various local legislations. 46:13 - How to get in touch with Daniel Bornstein. Show Resources Bornstein Law Find Bornstein Law on Facebook National Apartment Association Houston Association of Realtors Houston Association of Residential Property Managers Meet Daniel Bornstein As the founding attorney of Bornstein Law, Daniel Bornstein is a well-respected authority in landlord-tenant disputes and property management issues. With over 23 years of experience in handling real estate and civil litigation throughout the Bay Area, he also manages rental properties, is instrumental in completing real estate transactions and is renowned for his educational seminars.

You’ve heard before that investing in turn-key properties is a simple way to generate wealth without taking on a lot of headaches. But what is actually turn-key, how does it work, and what do you need to get started? A seasoned real estate investor Bobby Sharma has been involved in multiple turn-key operations over the years, and he shares with us his passion for this property investment model. Find out all about the benefits and risks of investing in turn-key rental properties, the average prices, the returns, and why this is an increasingly viable way to reach your financial goals. What's Covered 1:57 - Bobby Sharma’s background and how he got interested in real estate.6:36 - How Bobby started investing in turn-key properties and his first deal.9:50 - What is turn-key? A brief introduction. 11:25 - How to choose the areas to invest in. 16:58 - The advantages of hiring a professional property management company.19:22 - The average price range and ROI on a turn-key property.24:04 - Does turn-key help with limited vacancy? 27:50 - The pros and cons of investing in turn-key properties. 34:17 - Does it make sense to own just one or two rental properties?37:49 - The long-term game of investing in rentals. 40:37 - How to get in touch with Bobby Sharma. Show Resources ‍BetterCapital.us Connect with Bobby Sharma on Facebook and LinkedIn ‍ Rich Dad Poor Dad: What the Rich Teach Their Kids About Money that the Poor and Middle Class Do Not by Robert Kiyosaki ‍Meet Bobby Sharma A seasoned real estate investor, Bobby Sharma has been investing actively in various real estate ventures for the past 10+ years. Bobby was a former technology professional that was a member of some very successful startups such as WebEx (acquired by Cisco), Marketo (Acquired by Adobe) and TIBCO. He has been investing in real estate as a passive income generator for more than 9 years. He is currently a private money lender, rehabber and has built one of the largest communities of real estate investors in the Bay Area with over 4,000 members.