Ask Marco - More Great Investor Questions!| PREI 444
Sep 7, 2023
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The host discusses using other people's money and tapping into equity in real estate investments. They also explore investing in the US as a Canadian citizen and opportunities in cities like Cleveland and Toledo.
Investing in Promissory Notes offers predictable monthly income and high rates of return.
Using other people's money (OPM) and tapping into equity can help grow a real estate portfolio and generate cash flow.
Deep dives
Investing in Promissory Notes for Monthly Income
Narada Capital Management offers the opportunity to invest in Promissory Notes with fixed rates of return and monthly direct deposits. These notes provide predictable monthly income and have delivered high rates of return in the double digits. Investors can diversify beyond stocks, bonds, and real estate, and retirement accounts qualify for this investment.
Strategizing Real Estate Investment for Financial Freedom
A listener's question is addressed regarding getting started in real estate investing. The suggestion is made to keep a condo as a rental property and consider moving into a new primary residence. By tapping into the equity in the condo and using other people's money (OPM), investors can purchase additional properties in other markets, thus growing their portfolio and generating cash flow.
Pay Off or Keep Investing?
A listener asks whether they should pay off a new property or continue investing. The recommendation is to leverage the equity in the property to fund the purchase of additional properties. By keeping a mortgage, the investor benefits from inflation devaluing the loan over time and having investable capital for further property acquisitions.
Changing Property Management
A listener inquires about the best way to switch property management due to poor communication and ongoing eviction issues. The suggestion is to negotiate an early release from the current contract or wait until the 12-month contract is close to expiry. Checking the agreement for notice requirements is advised to avoid complications or fees.