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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

Aug 27, 2020

Real estate is perhaps the greatest wealth creator and preserver, and the most powerful vehicle for passive income and financial freedom. The challenge is, in order to extract the value of real estate and use it to create the life we want, our strategy matters. Certain key pieces have to be in place so that our investing operations help us build wealth and mitigate risk. 


Many real estate investors jump in too fast without doing critical due diligence and end up stepping on devastating landmines. The work we do before we decide on an investment can reduce risk significantly and protect us from potential downsides.


Why is it a mistake to focus on the property last? What are the key things we should be doing, looking at and really taking advantage of in our markets? 


In this episode, I’m joined by investor, founder of Norada Real Estate Investments, and host of the Passive Real Estate Investing show, Marco Santarelli. He shares the lessons he’s learned on his investing journey, and how we can strategically mitigate risk when we invest. 


Three Things You’ll Learn In This Episode 

Why it’s important to work with the right people
Working with the wrong people can kill our income as much as any bad market. Make sure you have a property management company that is qualified, vetted and staffed with licensed professionals. If we get the right team and work with people who are legit, there’ll never be misrepresentation or risk of mishandling our property.


How to make a safer property investment 
When you’re looking to invest in a property, don’t focus on the house first. Think first about the market and the growth of the area. Key in on migration and organic growth, because that leads to demand for housing. If there’s demand for housing, that pushes prices up and keeps that housing market healthy and strong. 


Why We Should Stop Overlooking Single-Family Property Many people think single-family units, duplexes, triplexes and fourplexes aren’t worth investing in because they are difficult to manage, but they are actually a great asset class, especially right now. They are more nimble, abundant and we can get the best financial terms for them. In these unpredictable times, they are our safest bet. 


Guest Bio- 

Marco Santarelli is an investor, author, and founder of Norada Real Estate Investments, a national real estate investment firm offering turnkey investment property in growth markets nationwide. 


Marco is also the host of the Passive Real Estate Investing show, the show where busy people like you learn how to build substantial passive income while creating wealth for the long-term. 


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