7 Powerful Tools To Create Legacy Wealth From Real Estate | PREI 146

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 23 April 2019

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The principle of owning real estate to become wealthy has never been more true today than it was back then. Simply think of the many investors who have built enormous wealth and rose up to create their own legacy from it. In this two-part series, we go deep into the ways these real estate tycoons were able to succeed. We cover the seven powerful tools that they’ve used to create legacy wealth, starting with why cashflow is king and how you can introduce leverage into the equation. We also delve into the benefits and power of real estate with Kirk Chisholm, a Wealth Manager and Principal at Innovative Advisory Group. Kirk takes us into what they do over at the company, sharing some advice on investing and more. Episode show notes: http://www.PassiveRealEstateInvesting.com/7-powerful-tools-to-create-legacy-wealth-from-real-estate Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build
0:05.8	substantial passive income while creating wealth for the long term.
0:10.0	And now here's your host, Marco Santorelli.
0:14.0	Welcome to Passive Real Estate Investing.
0:17.0	I'm your host, Marco Santorelli.
0:19.0	Marshall Field once said,
0:20.0	buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.
0:28.0	Marshall Field was an American entrepreneur who lived in the 1800s.
0:32.0	His quote was obviously made in an era before
0:35.2	text stocks, hedge funds, and excess money printing by the Federal Reserve.
0:39.8	However, the principle of owning real estate to become wealthy still holds true today.
0:45.0	In fact, we can make a strong case that it is far more true today than it was back then.
0:50.9	Real estate is arguably the best asset class if you want to build enormous wealth.
0:55.0	And while you often hear about well-known real estate investors such as Donald Trump or even Sam Zell,
1:01.0	there are countless more who are relatively unknown and very wealthy.
1:06.7	What we're going to cover today are the seven powerful tools that these real estate tycoons
1:10.9	were able to use to build legacy wealth from real estate.
1:14.7	And while most of these tools apply to both real estate investors and homeowners, there are
1:19.3	more benefits to owning real estate as an investor rather than a homeowner.
1:24.3	So as we jump into that interview, I want to remind you of two quick things.
1:28.0	First, if this resonates with you and everything we talk about on this show, By all means, contact one of our investment counselors
1:35.0	and set up a free strategy session for yourself.
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