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Entrepreneur Stories 4⃣ Inspiration

173: The Inventor of Turnkey Real Estate πŸ”‘πŸ˜: Marco Santarelli of Norada Real Estate Investments

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 β€’ 2K Ratings

πŸ—“οΈ 1 January 2021

⏱️ 58 minutes

🧾️ Download transcript

Summary

Marco Santarelli is the host of the Passive Real Estate Investing Podcast and he is also the founder of Norada Real Estate, a premier real estate investment firm offering turnkey investment property in growth markets nationwide. Join our πŸ”₯ Facebook Group to meet other listeners of the podcast: facebook.com/groups/mipvips. This Episode is Sponsored By: Fiverr connects businesses with freelancers who offer hundreds of digital services. Receive 10% off your first order by using code MILLIONAIRE. Just visit: millionaire-interviews.com/fiverr F5 Cloud Services expertise as a service lets you achieve worry-free DNS infrastructure in minutes. F5 has 20 years of experience in app services and they know what you need in order to implement a great-performing app. F5 is offering a free trial for our listeners, just visit: millionaire-interviews.com/F5 Bubble introduces a new way to build a web application. It is a no-code, point-and-click programming tool. Bubble is giving a 40% discount for the first 3 months by using the coupon code – Millionaire, just visit: millionaire-interviews.com/bubble Want to Support the Show? Well we'd love for you to join our Patreon Group! What's in it for you? Well you'll instantly get a scheduled call from Austin, where he'll help you with your current or future business... Sign-Up Now at millionaire-interviews.com/patreon. πŸ˜€πŸ˜ŽπŸ˜ *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Marco Santarelli Interview. *** Support this Podcast via Patreon Feedback? Questions? Comments? We would love to hear from you! Hollar at us via: Facebook Group (@MiPViPs), or Twitter (@acpeek or @millionairepod), Instagram (@millionaire_interviews), LinkedIn (@austincpeek), Facebook (@millionaireinterviews), or Email: [email protected]. πŸ˜ŽπŸ˜πŸ˜€

Transcript

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0:00.0

Here's an education point and a takeaway for your listeners. If you have a business, if you're an entrepreneur, a solo printer, or you have an existing business and you're generating profit,

0:09.4

it's not an either or of situation where you have a business or you invest in real estate.

0:14.4

The education I got from going through that process to me was more valuable than anything out of university.

0:24.2

I actually paid $35,000 for some pieces of advice. This is one of them. You got to actually digest it and sit back and think about it. Every business has to...

0:32.2

But my cousin and I made a decision to essentially create what we would call the Amazon.com of the golf club industry.

0:41.2

And I believe this was supposed to be the major turning point in my life.

0:45.2

My name is Marco Santarelli. I'm the founder and CEO of Norrata real estate investments.

0:53.2

I am 51. I'm located here in Southern California, in Orange County. However, we operate nationwide.

1:00.2

So we are a nationwide provider of turnkey cash flowing rental properties. We operate in about 25 different markets, mostly in the Midwest and the southeast of the US.

1:10.2

We help people build their real estate portfolio so they can create wealth and passive income through real estate so they can be on the road to financial freedom.

1:19.2

And we help them to achieve those financial freedom goals. I started this business back in 2004. It kind of fell on my lap.

1:26.2

But at the same time, I identified a need out there where investors were needing and looking for help. And I thought being an entrepreneur, this is a great opportunity for me to start a business around what I love and my passion for real estate and investing and help other people while I'm helping myself.

1:41.2

And so here we are today, 16 years later, we have a thriving successful business and we're helping literally hundreds upon hundreds of people.

1:49.2

What are you doing in general to make money as this real estate company? I heard turnkey rental properties and maybe not everyone who's listening understands all that concepts.

1:56.2

But I guess just in general, real estate can mean a lot of different things, so a lot of different people.

2:01.2

Yeah, that's a great question. Actually, those are two great questions. So let's define what turnkey rental properties are.

2:07.2

Turnkey real estate investing is in general because this is not a concept or a term that is defined within the industry.

2:14.2

People kick the term around a lot and they talk about turnkey this and turnkey that at the end of the day, there's no formal definition.

2:21.2

What I did back in 2003, 2004 and 2005 is I marketed the crap out of that term.

2:27.2

And so today, everybody uses it frequently. If you go online, you will always find the word turnkey associated with real estate in some way, shape, or form.

2:36.2

And people still to this day misuse it, but after all this time, there's really no formal definition.

2:41.2

Our definition of a turnkey real estate investment is an investment property that has positive cash flow is in a good market, a good neighborhood.

...

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