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Welcome back to the Real Estate Investing School Podcast. In this episode, Todd Schwartzman shares his journey from the music industry to tech sales and eventually transitioning into real estate investing. He discusses his first house hack and how he strategically purchased a property with future rental potential. Todd also explains his experience with out-of-state investments, the benefits of working with a trusted group, and the importance of tracking personal finance for real estate investing and achieving financial freedom.
Todd then dives into his transition to commercial real estate and the differences he encountered as well as his unique approach to managing personal finances and the importance of tracking income and expenses. Discussing the importance of tracking personal finance and expenses, he recommends using the software program Tiller to link all bank accounts and credit cards into one spreadsheet for easy tracking. By tracking expenses, individuals can become aware of the gap between their income and expenses and make intentional choices about their spending. Schwartzman emphasizes the value of investing money wisely and distinguishing between high impact and low impact spending. The purpose of life, according to Schwartzman, is to achieve the maximum amount of personal capability and offer it to the world.Having a hard time finding deals in today's market? If so, book a free strategy call with us in the link below to see how we can help you!
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