Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli's.

Hello, my friends and welcome to another episode of Ask Marco,

where I answer your investing related questions.

Today's question comes from Phil,

and today's episode I titled Ready but Slightly Hesident to Invest.

Phil says, Hey Marco, love your podcast. My primary goal is to invest in real estate to earn passive income.

Just finished reading Rich Dad, Poor Dad. Great book by the

way. I feel like I'm ready to go but taking action is the hardest part. My wife and I live in

San Diego. We own one rental property worth about $550,000. We only owe $250,000, excuse me,

215,000 on this property so my plan is to do a cash out refinance and potentially sell within two years to avoid capital gains tax.

We moved this past year in 2019.

I hope to start an LLC, a limited liability company, this month and obtain the cash to start investing.

I would like to use Norrata as a turnkey property provider.

If the resources and properties you offer are as advertised, I'd love to

invest between $100,000 to $150,000 using NARATA. Generally speaking, I'm slightly

hesitant to fully trust anyone who's trying to sell me something, no offense.

Any advice for me with my plan, anything you'd say to someone like me who is on the verge of picking up the phone to call Norrata.

I'm a huge fan of yours.

Thanks for your time, Phil.

Phil, thank you for the email and thanks for your trust

and thanks for being a podcast listener. I'm glad you're a fan. your

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