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.

Knowledge is the new currency.

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,