Ep.60 – Don’t Chase Appreciation with Marco Santarelli

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What you’ll learn in just 17 minutes from today’s episode:
  • Find out Marco’s powerful strategies that got him a property without shelling out his own cash
  • Learn where to invest in real estate that will allow you success (even if the market is mediocre)
  • Discover the strategies he shares that will help you create more profits through Real Estate

Summary

Marco Santarelli is an investor, author and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment properties. Since 2004, they’ve helped thousands of real estate investors create wealth and passive income through real estate. He’s also the host of the top-rated Passive Real Estate Investing podcast.

Listen in as Marco opens up with wisdom and suggestions on a variety of topics – some of which I’m sure can help you create more profits with your deals.

Topics Covered:

01:58 – What got him into real estate investing

04:29 – What strategy does he use for his own real estate investment that has him flowing with cashflows

06:16 – Focusing on single families and duplexes

07:53 – In hindsight, what could he have done earlier in his career had he had known before what he’s known now

13:03 – How Marco find good deals

Key Takeaways:

“Choose a market that has a strong fundamentals, appreciation potential. You want to catch a bit of that momentum. And I’m not saying speculate and, and chase after appreciation, I’m saying, have the cashflow and the rate of return right from the get go.” – Marco Santarelli

“I was under the belief that if you buy rental property, you should hold it forever and never sell that property. That works. There’s nothing wrong with it. It’s one strategy. But there’s also other strategies in real estate. There’s just tremendous amount of flexibility in how you can create wealth and make money in real estate.” – Marco Santarelli

“The importance of the neighborhood is critically important. In fact, I would go as far as saying that you can mitigate most of your risk in investing in real estate by investing in the right neighborhoods. It’s not so much the market as a whole, that’s a macro economic perspective and where you invest.” – Marco Santarelli

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Ep.59 – Assisted Living Facility Investing with Emmanuel Guarino

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What you’ll learn in just 17 minutes from today’s episode:
  • Know the opportunity of running your own residential assisted living home
  • Learn about one of the greatest real estate—and business—investment for the next 25 years through running and managing a residential assisted living facility
  • Discover how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility

 

Summary

Emmanuel Guarino is the #1 Realtor for Residential Assisted Living in Arizona. He works alongside his wife to buy and sell more RAL’s than anyone in their prospective state.

Emmanuel trains and teaches at the Residential Assisted Living Academy and he is a sought-after coach and trainer for all things “RAL”. He has an extensive background in Health and Wellness, as well as experience in Investing and Capital Raising within the “RAL” world. Emmanuel has spoken across the country at many REIA groups, expos and conferences.

Today on Property Profits Real Estate Podcast, Emmanuel talks about the opportunity of running your own residential assisted living home, and discovering how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility. He also shares his goal to help people by training investors/entrepreneurs how to ‘do good and do well.’

Topics Covered:

00:54 – Emmanuel’s journey to assisted living industry

02:23 – What is an assisted living all about, a great new way of real estate investing

03:31 – Home for the ‘aged’ compared to assisted living

04:50 – How much assistance do their clients need?

06:15 – Skilled nursing facility compared to assisted home

08:55 –  Do good and do well.’ business

09:21 – How big are their single-family home converted to ASL

10:16 – Converting single-family homes to cater their senior patient/clients/tenants

12:28 – private room vs. shared room, which is more desirable and profitable?

12:39 – Who shoulders the monthly payment for the Assisted Living service? state pay, IRA investment, long term insurance or the children

14:44 – The hiring process for assisted living personels- caregivers, managers, cooks etc., what is the pay scale compared to work quality

19:24 – The ‘back-end’ of setting up ASL how to set that up

20:43 – ‘Silver tsunami’ of assisted living investments- opportunity of the future

21:53 – Connect to Emmanuel Guarino

Key Takeaways:

“Assisted living is there to help them live their lives and to help them out with those activities of daily living that they might be struggling with.”  Emmanuel Guarino

“People move in and they move out, they move out ‘upstairs’ [heaven] like we were saying, and some people, you know, move on to higher-level needs skilled nursing.”  Emmanuel Guarino

“What’s nice about this business is that we get to do good do well, I get to help a lot of people in a time of their lives where, you know, it’s tough.”  Emmanuel Guarino

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Ep.58 – Real Estate + Pocasting = JVs with Jacob Ayers

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What you’ll learn in just 17 minutes from today’s episode:
  • Know the internal challenges he encountered coming from Engineering background and venturing into real estate
  • Discover the reasons why he still wants to be successful in real estate despite having a great career in Engineering
  • Learn how podcasting helped him in his journey in real estate investing

 

Resources/Links

http://www.jacobayers.com/

Summary

Jacob Ayers is a young professional real estate investor, and host of the Real Estate Way to Wealth and Freedom – a top-rated business podcast. Jacob bought his first rental property at the age of 25. He continues to build his portfolio through buying and holding multi-family properties.

Jacob was an Engineering graduate, and this career gave him a comfortable life, but he lacked fulfillment in it. He wanted to prove that he was capable of better things. Despite the challenges he had, he achieved financial freedom in a short period. Jacob shows that regardless of your background, anyone can become successful in real estate investing if you have the right mindset, and take action.

Today on Property Profits Real Estate Podcast, Jacob shares how podcasting paved his way to discover real estate investing. And now, as an accomplished podcaster himself, he’ll tell more about how it helped him to reach his success and gave him fulfillment that he truly wanted.

Topics Covered:

00:54 – Jacob narrates how his early midlife crisis led him to discover podcasts and later invest in real properties

02:24 – Bought his first rental property – a single-family home at $25,000

03:27 – The type of real estate he primarily focused on

04:55 – How he bought his properties

05:56 – What he would do differently if he’ll start again

07:18 – Mistakes that he sees people make when starting in real estate

08:46 – Internal challenges he experienced due to his engineering background

10:13 – The more profound reason why Jacob wants to be a successful real estate investor 

12:02 – Jacob tells the fulfillment he got from doing his podcast

12:32 – The benefits of doing a podcast in real estate investing

13:53 – Deals he made from podcasting

14:44 – Advice to the listeners who want to start their podcast

16:05 – How to connect to Jacob and where to listen to his podcasts

Key Takeaways:

“The reasons that buy and hold stuck and resonated with me are because you can create wealth over the long-term, and generate passive income in the near term. And those two things combined are a really powerful thing to allow you to create that generational wealth and build financial freedom in the near term.  It allows you to achieve that point that I call financial freedom, and allowing you to essentially be able to retire from your day job, which was a big point in my life.” – Jacob Ayers

“Always have that vision and that skill in the back of your mind to get big and do things bigger and quicker.” – Jacob Ayers

“I think one thing you’ve got to focus on is the mindset.  Why are you doing this? What’s driving you? And if you can tap into something deep there that will motivate you to take action. And to me, it came down to mindset, having that abundance mindset, having the drive to build something for yourself. That desire is what pushed me over that cliff.” – Jacob Ayers

“Podcasting has been the most phenomenal networking tool I think I could have envisioned.” – Jacob Ayers

“Think about why you’re going to do the podcast. Those are the reasons why I started doing it. And it’s not passive.  So, don’t go into it with that kind of a mentality because you’ll be sorely disappointed when you come to find out how much work it is.” – Jacob Ayers

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Ep.57 – Real Estate is a Team Sport with John Carney

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What you’ll learn in just 17 minutes from today’s episode:
  • What important steps you need to consider when doing real estate business in other countries
  • Discover the effective strategy of taking action and adding value for greater real estate deal success
  • Get the great lessons and strategies John inherited from his real estate mogul grandfather who pioneered their family’s real estate empire

 

Resources/Links

Summary

John Carney is a highly-­respected Thought Leader in the Real Estate Investing realm. As a third-generation property investor/developer he has achieved (and continues to build upon) his own wealth creation and lifestyle freedom. His property deals in the US, Australia and Indonesia have allowed him to amass generous profits and have gained him some very comprehensive international experience. A published author and sought-after international keynote speaker, John’s popular presentation and book, “Real Estate is a Team Sport. The Nine Players You Need to Profit”, outlines the steps to become a smarter, more profitable property investor.

Today on the Property Profits Real Estate Podcast, learn the lessons John obtained from his grandfather who steered the family’s real estate empire all the way down to third-generation descendants, find out his hard-earned lessons as well as learn from his costly mistakes so that you can avoid them yourself, while you dig into his successful investment ideas and strategies.

Topics Covered:

00:57 – On being a third-generation real estate investor

02:04 – A real estate business that started from the kitchen table and reaching far out all cities in the US, to Australia and Indonesia

04:37 – Business deals he’s doing in Indonesia

06:56 – The need to do the steps you are supposed to take especially when in a foreign country

08:58 – How his grandfather started the real estate empire and lessons learned from him.

12:04 – Talking about his book entitled: “10,000 Miles to the American Dream: Our Story of Financial Freedom” 

14:52 – Mistakes often committed by newbie real estate investors

19:17 –  Why you should take action and donate your time and energy

Key Takeaways:

“You gotta start somewhere. You can’t start with the 10,000 door to hard portfolio. I know some of those people and I’ve interviewed them and that’s the story. They didn’t, whether they’re investment bankers or not, commercial builders or not, they’ve been doing this for a long time. And then they’ve just leveraged their professional career to expand their real estate businesses.” – John Carney

“I mean, take the action. If you show up and donate your time and effort, tiime and energy are like the two most valuable resources that anyone have that are big for me. Cause I like to be efficient with my time and energy. But if someone’s willing to help out you’re going to go somewhere.” – John Carney

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Ep.56 – Retire Early and Do More of What Matters with Chad Carson

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What you’ll learn in just 17 minutes from today’s episode:
  • Things you need to learn to succeed in real estate
  • Investing Insights and ideas about the difference between flipping and rentals
  • Learn why students and teachers are considered as good target markets in real estate investing according to Chad

 

Summary

Chad Carson is a real estate entrepreneur, writer, and teacher. He and his wife used rental income to retire early and live abroad with their two children in Ecuador for 17 months in 2017-2018. Chad is also the author of the best-selling book Retire Early with Real Estate.

Today on the Property Profits Real Estate Podcast, Chad shares how real estate allowed him to retire early and achieve his ideal lifestyle that he and his family are enjoying. Learn how his father played a significant role when he was starting and how his journey transcended from flipping to buying rental properties. Discover his proven strategies, backed by his authentic mindset and life philosophy, that will make you think and double check to see if how you are building your real estate business aligns with your goals in life.

Topics Covered:

01:26 – How he shifted to real estate investing from graduating in Biology

02:23 – Chad shares how his father mentored him and how his books helped him about bird-dogging

03:31 – The kind of real estate he focused on

03:36 – How he and his business partner operated their first few years in real estate investing

05:24 – Transition from flipping to buying rental properties

06:29 – Chad’s current primary focus on rental properties

09:32 – Why he prefers to rent his properties to students rather than typical tenants

10:44 – His secret weapon aside from his experience

12:17 – Chad shares his mindset and philosophy around real estate investing

14:13 – Mistakes that people make when starting in real estate

15:40 – How to connect and get to know Chad more

Key Takeaways:

“Build your business around that goal that you have for your life, and then do what matters. Make your business work. Don’t make the other way around where the business controls everything you do with your life.” – Chad Carson

“I think the consistent thread for me is just authentic with your sellers, and with your private lenders. Have the humility to say, “I don’t know everything.” Take that attitude of “I don’t have it all figured out; here’s what I do know.” I think people see that as being real, as opposed to always saying, “I’m the best.” – Chad Carson

“Fake it before you make it. That’s the lesson you’re taught as an investor.”– Chad Carson

“It’s interesting because every time you leave or every time you change or every time that market changes, you have to act like a beginner again. And I think as long as all of us, no matter how much experience we have are willing to reevaluate what worked before because it might not work next year. And that’s a pretty good approach to business in general.”– Chad Carson

“I think the biggest mistake is just window shopping. Find some strategy. You’re listening to a podcast. You’re reading a book. Take that piece of information. If I do something this month, I go out, and apply it.” – Chad Carson

“Don’t worry about being perfect. Don’t worry about being the best right now. Just be a beginner. Make some mistakes. Don’t make the biggest mistakes. Don’t go here and do something that’s going to make you bankrupt, but make some mistakes.” – Chad Carson

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Ep.55 – Moving Half Way Across the Globe to Achieve Financial Freedom with Reed Goosens

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What you’ll learn in just 17 minutes from today’s episode:
  • Strategies to start out in real estate even when you don’t have credit available and just meager cash to invest.
  • Learn about what syndication is in Real Estate and how to leverage this strategy
  • The tips and steps on how to start investing in the United States

 

Summary

Reed Goossens is a real estate investor, entrepreneur, author, public speaker and all-round good bloke (as they say in Australia :-)) In 2012, he quit his job in Australia and moved half-way across the globe to the USS. With limited funds, no credit, and no network he started investing in US real estate. He now controls over $120 million worth of multi-family real estate in his portfolio.

Today on Property Profits Real Estate Podcast, find out how Reed, an Aussie mate made it into real estate investing in the US within just a year of relocating, the strategies he followed and the tips and tricks that he can share for someone who wants to dive into this investing opportunity.

Topics Covered:

01:12 – How did that move from Australia to the US happen

03:03 –  Digging right into multi-family properties the moment he relocated to the states

05:57 – Starting it out in real estate with not much capital, just building relationships with banks and lenders

06:37 – What is syndication in Real Estate

09:33 – Common mistakes in multi-family investing that have new investors screwing up

11:34 – One superpower that he has that makes him so good at  real estate

13:18 – How to get out of your own fear of getting started 

17:32 Talking all about his book entitled “Investing in the US: The Ultimate Guide to US Real Estate”

Key Takeaways:

“I think the big thing is the first step you need to do is understand what market and what you want to invest in.” – Reed Goossens

Choose a market where you may have a bit of a competitive advantage. Maybe you’ve got a relative there or a friend there or someone who can share information that you, because you live in Canada, don’t necessarily know that being South of Smith Street is bad or being North of Smith street is bad” – Reed Goossens. 

“Once you’ve chosen a market or a couple of markets, I always encourage people to underwrite a minimum of 50 deals in any one market because that is a great desktop study on getting to know the market without actually being boots on the ground. And then you get to the second, and the third thing and then reaching out to local brokers, local partners.” – Reed Goossens

“If you can partner with anyone, boots on the ground, I highly recommend doing it because it will then incentivize the person who’s on the ground. They’re part of the deal that can have you both, you’ve got  shared interests. And,so, you don’t have to necessarily worry if it’s just your deal that’s thousands of kilometers away and sort of set it and forget it, and no one’s really looking over it” – Reed Goossens

“And I think as entrepreneurs in this world, things are drastically and rapidly changing, we’ve really got to be like a surfer, you know, like ride the wave of change and be okay with change and not just have the blinkers on and go down the path of this being, well traveled, and try and blaze your own path if you can and do things a little differently.” – Reed Goossens

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