My Father’s Passing, Best Way to Get Started, Due on Sale, IRA Exit Strategy | PREI 033

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

🗓️ 20 February 2016

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

After having been forced to take a little time away from recording new episodes, I am back to pick up where I left off. On this episode I take a moment to reflect on how real estate has provided me with the TIME freedom to spend with my father who has been saddled to a hospital bed for over seven (7) months up until his unfortunate passing early this month. I also address three listener questions on the best way to get started in real estate investing. Another question about a lender’s ability to accelerate a loan using the “Due on Sale” clause — and how to avoid it. And finally an interesting question about an IRA exit strategy when turning 70 1/2 and you are required to make the minimum required disbursements (MRD). If you missed our last episode, be sure to listen to Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed 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
0:04.7	learn how to build substantial passive income while creating wealth for the long term
0:09.2	and now here's your host Marco Santorelli.
0:13.0	Welcome to passive real estate investing.
0:15.4	I'm your host, Marco Santorelli.
0:17.8	And welcome back to the show and thanks for listening.
0:21.1	You know, I've been getting emails for the past three or four weeks because I have been offline as they say and I have to apologize to my listeners.
0:31.0	It's it's been a while since I've put an episode out and I do
0:35.4	apologize and I've been getting emails from people saying hey you know I'm
0:39.2	having podcast withdrawals what's happened you know are you are you okay well the truth is that
0:46.2	i have actually been out of town for the last four weeks or so
0:50.8	uh... truth be told my father passed away on February 2nd.
0:55.2	And he's been suffering for quite a long time.
0:59.1	He had lung cancer and the last six or seven months have been rather difficult on him.
1:05.4	The last two months have been exceptionally hard and you know I just tried to spend as much
1:10.8	time as I could with him. You know my father was a great man, he was very compassionate and respectful and unselfish. He always put family first. You know, I've had people tell me that my father gave me a
1:25.1	beautiful gift and that's his temperament. And you know you you learn a lot from
1:29.9	your parents and you get your values from your parents, you know, whether it be trust, honesty,
1:34.8	and just having integrity, you know, these are the things I learned from my parents.
1:39.8	And my father was an amazing person who really touched a lot of people unknowingly.
1:45.4	So these values that I got from my parents and my father, you know, I implement those in my own life and
1:51.2	I pass those on through, know my business and just being
	...

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