On today's episode we are doing something a little different.  We are having one of Norada's newer active clients interview Marco Santarelli with some common, and not-so-common questions.  Be sure to listen for some history, thought provoking questions, and motivation to pull the trigger or keep the momentum going for yourself.

If you missed our last episode, be sure to listen to The Effect of World Events on Your U.S. Real Estate – Lior Gantz.

Enjoy the show!

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What Clients Want to Know... Marco Santarelli on the Other Side of the Mic
On today's episode, we have something completely different, something I've never done before. We're actually going to turn the tables around where I have one of our current clients at Norada Real Estate Investments interviewing me. What he has done is he's come up with some questions that he wanted to have answered, and many have been answered, but he's got questions that he wants to ask because these are the questions that he thinks about, some of the stuff that keeps him up at night. We got talking one day down in Florida and even before then. We got thinking that, "If he's got these questions, I'm sure that many other investors have these same questions." We thought it would be neat for us to just have an interview, but he's the one asking me the questions and I'm just going to answer them as he fires them off at me. His name is Chris. He's a native of Florida. Chris, welcome to the show.

Thank you very much.

It's good having you on here. I'm feeling a little awkward about this because I've never been interviewed on my own podcast. It'll be a lot of fun. Before we get started, why don't you just give our listeners just a high level introduction to who you are and what you're doing in terms of real estate investing?

I live in Florida, as you mentioned, in the West Palm Beach area. Middle aged, I work for a corporation in the typical E Quadrant, according to Robert Kiyosaki. My wife and I have three children and we're at the stage in our lives where we realize that our current investment plan is not really going to get us where we want to be, that being our 401(k). We have owned one or two different rental properties over the years. We've gotten our feet wet, but at this point we've made a decision to go deep and long and make this our main push and our primary vehicle for financial independence.

Wise decision. I don't want to reveal too much about your financials or your personal facts, but just so people know where you're coming from, you do have retirement accounts, so you are vested in the stock market. But you also are investing in real estate and your goal was to ramp up your portfolio size on the real estate side and maybe divest to some degree out of the stock market. Is that a fair assessment?

Correct. We are looking in terms of passive streams of income. I've first read Rich Dad Poor Dad in the early 2000s. I kept going at the corporate job, my wife kept going at her career. We pretty much just continued on that path in spite of believing in the entrepreneurial spirit and dabbling in rental real estate. Now, I'm going to turn 50 soon, I'm looking forward 10, 15, 20 years and I just don't see saving money in a 401(k) as a real retirement plan. Even if you are able to assemble a pretty good chunk of money there, it's just not going to carry you. It's not going to give you the income that you need. Over the past year, now I've been planning and preparing and studying. We've reached that point now where it's time to accumulate those properties and redirect our investments,