TBT: Ask Marco - 6 Tips for New Real Estate Investors

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

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

4.8 • 953 Ratings

🗓️ 20 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Whether you're a beginner or someone who's already made a few property purchases, these steps will help you build a solid foundation. Educate Yourself Get Your Finances in Order Start Small Focus on Cash Flow Adopt a Business Mindset Find a Mentor I hope these tips help you feel more confident about your real estate journey! Don’t forget to subscribe so you never miss an episode and keep learning. Throwback Thursday Episode (The episode originally took place in the year 2021) Click Here for the Show Notes If you missed our last episode, be sure to listen to TBT: Ask Marco – How Do I Start Investing With a LOW Salary? Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed

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 substantial passive income while creating wealth for the long term. And now, here's your host, Marco Santorelli.
0:13.0	Hello, my friends. Welcome back to passive real estate investing, where we dive into the world of real estate investing, among other related topics, to help you with your real estate investing journey.
0:23.4	Today, we're doing something a little different.
0:26.2	We're going to take a trip down memory lane and showcase an important episode from the past on what we call our throwback Thursday episode.
0:34.5	Now, whether you've been with us since the beginning, which goes back to 2015,
0:38.8	or you're tuning in for the first time, this episode is a must listen. We are revisiting one of
0:45.2	our more popular episodes from the past. And believe me, what we discussed back then,
0:50.4	whether it's six months ago or six years ago, is just as relevant today. So sit back, relax,
0:57.0	and let's rewind the clock for this great episode. Enjoy. I want to teach you how to create
1:04.8	wealth and passive income with real estate. So you can achieve financial freedom. That is the
1:09.6	ultimate goal because that leads to time freedom. So I guess you could say financial freedom. That is the ultimate goal because that leads to time freedom.
1:13.0	So I guess you could say time freedom is the ultimate goal. It's not about the money and it's not
1:18.5	so much about having all the money in the world and being rich or wealthy. It's really just to live
1:23.5	life on your terms and enjoy it with your friends and your family and be able to do what you
1:27.3	want to do with it. Which is a good segue into today's question, which comes in from Lucy and
1:31.7	Lucy says, hi, Marco, I'm a 30-year-old woman living in Buffalo, New York, looking to purchase my
1:36.3	first rental property next year. I'm having a hard time understanding the real estate lingo and
1:42.1	therefore get discouraged from pursuing this venture.
1:45.0	I think, Lucy, we all have this problem, even with more experience under our belt.
1:51.4	You're always learning in this industry. There's things that are going to come across that
1:54.4	are just new and you have to look it up, whether it be something related to cost segregation or a negative
2:02.4	amortization loan.
	...

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