Hello, and welcome to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli, and today we are going to do part two of our seven common questions asked of our investment counselors. We did one a few weeks ago, had some great feedback and response. So I've brought on one of our other investment counselors here today to go through same seven categories that we went through last time. And who knows? I have no idea what Nate's gonna talk about, but there's a chance that some of these might be the same as my interview with Melissa, but odds are, they'll probably be different. So hopefully this is gonna help a lot of you in different ways. And with that, Nate, welcome to the show.

Thank Marco. It's good to be here. My friend, very good to be here.

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Well, I'm happy to have you on. It's always a pleasure and a joy speaking with you. You're a very sharp individual. And so now I get the chance to kind of ask you questions and kind of poke pro into your head and get to hear what other people are asking you. So what I did last time with Melissa is I went through these seven categories. I'm starting off with, you know, the most common question that you get when it comes to people who are getting started. And that doesn't necessarily mean that you are a newbie and this is your first property, although that is often the case. But you know, when you first connect and dialogue with someone on the phone, there's always gonna be some questions that you get before. Even the process of choosing markets and properties happens. And so let me ask you, what is the most common question that you get as it relates to getting started, either investing or getting started in working with us, I'm gonna leave it wide open for you.

Yeah, that's a great question. And to be quite honest, it's, I'm gonna feed you right back at you. People literally say to me, well, how do I get started? And so I have to clarify, similarly with them, are you referring to buying a piece of real estate? Are you referring to building a passive investment plan? Like what, what do you mean by generally getting started? Now? I would say in most cases, most investors I'm working with that come on board to Norada, want to buy investment real estate. They, they wanna invest. And typically they wanna invest fairly quickly. A lot of times it's, you know, I have capital right now and I wanna deploy it. So they come on board and they say, Hey, what do I need to do to get this money deployed? What's the first step. Some people think it's market.

Some people think it's financing. Typically what I like to do is I like to clarify a step by step process. And number one thing for most investors that I recommend is first and foremost, from a basically a step by step process would be, what can you do with your capital? Can you get financing? Right? So number one would be, let's talk to lenders to at least see where you're at with financing. Some investors can get qualified for conventional financing and some investors cannot. So if we can't get conventional financing, maybe it's a, a different type of financing. So from a practicality standpoint, getting started in buying an investment property. Step one would be, let's get pre-approved for financing now from an overall perspective on getting portfolio built. And what's this whole real estate thing about, I think the, a broader answer to that question is, well, step number one.

What, what do we do when we get started? Well, we need to identify an objective. What's your goal for investing? Right. So getting started for some people might be, I wanna invest in appreciation based markets, or I wanna invest in cash oriented markets. You know,