Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Ask Marco – Asset Protection, Investing with My Spouse, Should I Sell My Rental, Using an LLC, and More | PREI 424

Ask Marco – Asset Protection, Investing with My Spouse, Should I Sell My Rental, Using an LLC, and More | PREI 424

FromPassive Real Estate Investing


Ask Marco – Asset Protection, Investing with My Spouse, Should I Sell My Rental, Using an LLC, and More | PREI 424

FromPassive Real Estate Investing

ratings:
Length:
35 minutes
Released:
Mar 22, 2023
Format:
Podcast episode

Description

Hello friends, and welcome to another episode of Passive Real Estate Investing. This is your host, Marco Santarelli, and today I decided to grab more than a handful of questions from you to do an Ask Marco episode. So I'm gonna try to run through these as quickly but as thoroughly as possible, I want to try to get it done in 20 to 30 minutes just for the sake of time. And I'm going to queue up another Ask Marco episode here in the next week or two because I've gotten a whole bunch of questions. So without further ado, let me jump right in.

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

If you missed our last episode, be sure to listen to Market Spotlight: Birmingham, Alabama

The first question, and these are in no particular order is from Tom and he says, hi Marco. I hope you're doing great and I would like to express my thanks to you for all the energy and time you put into your podcast.

Well, you're welcome. I've been listening for a couple of years now and have gotten a tremendous amount of value from it. It's helped me reshape my outlook on real estate investing and finance in general. Well, thank you. Appreciate that, Tom. I'm currently under contract for my first investment properties, two new builds in Florida, and while they're under construction, I've been looking into setting up my asset protection. As such, I've been re-listening to some of your past episodes on asset protection. In episode 4 0 6, you mentioned that you would be willing to pass along a list of suggested asset protection firms to anyone who emailed. Could you please send me that list? Yes, I can. And I did, I've already replied to you prior to this recording between your interviews and reading his high quality books. I'm currently leading towards working with Garrett Sutton, but I'd love to hear any other recommendations or feedback on his firm and others.

So well, let me finish reading your email here. Also in one episode number 2 99, you mentioned a cash flow and returns spreadsheet that you developed, I believe on Google Sheets. Is that something you'd be willing to share? Thanks again for all your help, Tom. So regarding asset protection attorneys or actually any kind of service provider, what my team and I normally do is we will provide you more than one. If you have a request for an asset protection attorney or a tax advisor or whatever it may be. So often we will give you or email you two or three, maybe four, so that way you can pick and choose from companies and individuals that we know trust and work with. We don't want to just give you one because we don't want to quote unquote steer you in a direction of working with a particular company or individual.

So we try not to do that. I'm not saying it never happens, but generally speaking we try not to do that. So I've already emailed you a list of think of three, maybe four potential options, Garrett being one of them. So feel free to contact, you know, any or all and decide for yourself regarding your second question, the cash flow and return spreadsheet. I believe what you're referring to is the episode that was something about the real rate of returns of real estate investing, something to that effect. So although I did email that to you because you emailed me directly, what I'm actually planning to do is create that as a downloadable Excel spreadsheet so that way anybody can download it off our website. I'll just create a landing page of sorts and make it available as a quick and easy free download so that way you can just play around with it and do whatever you will.

All right, well Tom, thank you for the question and congratulations on everything you're doing. Next question from Corey. Corey says, Marco love the podcast. I listened religiously. I purchased my first investment property last year with all cash that is currently titled in my name. I'm going to do a cash out refinance in the near future and want to then quit claim the property into ...
Released:
Mar 22, 2023
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!