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Ask Marco – Becoming an Entrepreneur, OPM Strategy, To Sell or Hold or Rent? | PREI 398

Ask Marco – Becoming an Entrepreneur, OPM Strategy, To Sell or Hold or Rent? | PREI 398

FromPassive Real Estate Investing


Ask Marco – Becoming an Entrepreneur, OPM Strategy, To Sell or Hold or Rent? | PREI 398

FromPassive Real Estate Investing

ratings:
Length:
34 minutes
Released:
Aug 31, 2022
Format:
Podcast episode

Description

Hello, my friends. Welcome to another episode of Ask Marco. It's been a while since I did an Ask Marco episode. So I am long overdue, but I'm happy to be here. And I've picked out five or six questions, covering a range of topics from the emails that I get from our website. And hopefully today we'll cover some things that will provide you food for thought and help you in your real estate investing journey. And remember, I always say that education is critically important. It can be free. It can be cheap. There are hundreds of thousands of books on Amazon. It doesn't cost much to educate yourself whether it be through podcasts or books or masterminds or anything else like that. So just dig in and learn what you can you'll feel better about it. But if you put it to use practical use, it'll get you further ahead in life, not just with finance investing, but personal development, mentally, spiritually, whatever it may be.

FREE copy of The Ultimate Guide to Passive Real Estate Investing.

If you missed our last episode, be sure to listen to A Lawyer’s View to Finding, Funding, and Managing Real Estate Investments

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I love to read. I try and read as much as I can. Unfortunately, I'm far, far too busy these days to read as much as I'd like to. I've got so much going on all kinds of new projects. We've got our promissory note investment fund, which has been growing rapidly over the last two plus years. And if it's something you're interested in, you can check that out at noradacapital.com and speaking of masterminds, just a quick reminder, we're about two weeks away from our Lake Tahoe event for Power Room. That will be an exciting event in a very, very beautiful place. That's September 12th to the 14th. You can check that out at powerroom.com. If that looks like a fit for you, just fill out the form on there. I believe it says application, but just fill it out and our team will get back to you. It'll probably be Annie, just to share some more information about the event what's happening, who it's for, and, uh, just to make sure it's a right event for you.

So you don't waste your time, but you are welcome to join as my guest meaning attend as my guest. And if you think you're, you know, a business owner, leader, entrepreneur, a CEO of some kind, you want to grow and scale an existing business and learn more about investing and network with people who are doing all those things to varying degrees, then it might be a great place to learn and to network with people who are like-minded and can grow with you and you with them. So anyway, that's power room at powerroom.com. The node investing is@norracapital.com. And with that, let's jump into some of these questions. So the first question comes from Scott. He's got a question about other people's money strategies, the pros and cons, and he writes in, he says, hello, Marco, thank you. And your team for all that you do in terms of taking care of others, especially when it comes to financial and real estate education.

You're very welcome. I'm coming across more opportunities to use OPM as in other people's money and am curious about the various strategies, pros and cons in doing so specifically, I've encountered sellers willing to carry 80 to 85% owner financing and APM, which is an acronym for another person's money to cover the remaining 15 to 20%. That sounds like a great deal, right? So he goes on to say, I can make an argument to make the deal. Even if cash flow is zero, given the principle pay down appreciation and depreciation, that is if the math is right, what kind of terms would you deem favorable for the remaining 15 to 20%? Cheers, Scott, Scott. That is a very good question and very well articulated. And I like your line of thinking, especially if you're coming across deals today, like this, where you can buy or invest in rental property for essentially nothing down because you're financing the first 80 to 85%...
Released:
Aug 31, 2022
Format:
Podcast episode

Titles in the series (100)

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!