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Passive Real Estate Investing

The “Buy & Hold” Strategy with Linda McKissack | PREI 022

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

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

4.6968 Ratings

🗓️ 22 October 2015

⏱️ 45 minutes

🧾️ Download transcript

Summary

Linda McKissack is an investor, entrepreneur, best-selling author, business coach, and a highly regarded speaker.  In 2013, Linda was co-author of the national best-seller “HOLD – How to find, buy and rent homes to build wealth”. Her authenticity makes you believe – If she can do it then so can I. In this episode we talk to Linda about the “Buy & Hold” strategy and her huge success investing in single-family homes. She has accumulated 108 units in real estate, and is working on other passive income projects right now. Her basic strategy and formula is: Find, Analyze, Buy, Manage, Grow. Here is the Amazon link for her book: HOLD: How to Find, Buy, and Rent Houses for Wealth – – – – – – – – – – – – – – 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 learn how to build substantial passive income while creating wealth for the long term.

0:09.0

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

0:15.0

Welcome to passive real estate investing. I'm your host, Marco Santorelli.

0:17.0

And this is the show where busy people like you

0:20.0

learn how to build substantial passive income

0:22.0

while creating wealth for the long term.

0:24.7

Why is the buy and hold strategy the best?

0:27.8

Well the buy and hold methodology, as it applies to property, is and always has been the cost for making more millionaires than any other method.

0:35.8

And the main reason for this is really because it lets you develop equity through appreciation and amortization over a period of time.

0:44.3

There are numerous short-term techniques like lease options,

0:48.1

wholesaling and flipping properties that can create some cash, or what I call chunks of cash, but in no way will it improve your long-term net worth.

0:56.6

I found in my many years of investing experience that purchasing real estate is the most significant

1:02.1

part of the ownership cycle.

1:04.0

So it's very important that you buy right.

1:06.5

Buying the right market, the right location, the right property, the right cash flow.

1:10.6

You know, these are all things that we help our investors do at Norrada real estate.

1:15.0

If you're interested in that, talk to one of our investment counselors.

1:18.0

The selling side of it is pretty straightforward.

1:20.0

As long as you're in the right market and you have the right market cycle, liquidating

1:26.0

property is very simple.

1:28.0

But that is one of my biggest regrets.

1:30.0

I purchased a property for $40,000 many, many years ago. In fact, it was the first property

...

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