156: Lifestyle Engineering Through Commercial, Residential, and Vacation Rentals with Mark Spidell

On this episode of the BiggerPockets Podcast, we sit down with Mark Spidell, an investor from the great state of Colorado, to discuss how he uses real estate to engineer his ideal lifestyle! We talk about partnering with family, investing out-of-state, buying small commercial buildings, owning vacation rentals, and much, much more! Not only will this episode entertain and inform you, it will also help you clarify your own investing plan so you can begin engineering your own perfect lifestyle!

In This Episode We Cover:

How Mark got started through ADU
Why he went the vacation rental route
Where he currently invests
The benefits of lifestyle-focused investing
Tips for people with families
The qualitative and quantitative parts of his investing
What he’s learned from his first investments
How he weathered the market crash
How he was able to buy more after the crash
Tips for investing in commercial deals
How he financed his commercial property
A commercial banker’s perspective on applying for loan
The difference between commercial and residential financing
How to minimize risk on commercial property
The benefits of investing in commercial real estate
Why you should ask for help from attorneys when drawing up leases for commercial property
The ins and outs of being a landlord for commercial real estate
How to successfully mix commercial property and vacation rentals in your portfolio
How to find out what you’re good at and figure out which investing path to take
The art of lifestyle engineering
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Schweser Notes for the 2011 CFA Exam Level 1 Book 3: Financial Reporting and Analysis

Tweetable Topics:

“Commercial real estate is valued based on the income of the property.” (Tweet This!)
“If you want the freedom, real estate could help you, but make sure you are doing it for the right reasons.” (Tweet This!)

Connect with Mark

Mark’s BiggerPockets Profile

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