Pat chats with Marco Santarelli, founder and president of Norada Real Estate, one of the first turnkey rental providers in the US! Marco is the host of the Passive Real Estate Investing podcast and maintains turnkey rental properties all over the US. He also developed DealGrader, a scoring system for quantifying real estate investment quality. Pat and Marco talk how they got started, the appeal of certain rental markets, and Marco’s suggestions for building a rental portfolio! Marco is full of amazing, easy-to-digest information and provides a ton of value in this episode. You don’t wanna miss this!
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1:45 Marco’s Introduction
4:58 Building portfolios in other markets
7:00 “You have to have systems in place.”
11:33 “You want your money to work hard.”
17:04 The problem with C-class neighborhoods
19:28 How Norada Real Estate operates
27:06 Investment bottlenecks
31:03 “Live where you want, invest where it makes sense.”
33:40 Tips for investing for beginners
37:29 “You have to go out there and do it.”