Real estate becomes an asset when it brings you cash flow. As a real estate investor, you’ll be putting other people’s money to work for you. When we talk about loopholes of real estate, we’re talking about the financial tax and legal advantages of investing in real estate as a passive income earner. It has been successfully utilized by many investors to protect and maximize their real estate investments. Loopholes provide for the defense of your valuable real estate. From a tax perspective, there are real estate loopholes to be opened. Smart investors know how to open those loopholes to their maximum advantage. From the legal side, there are real estate loopholes that need to be closed. When you learn when to open and when to close loopholes, you become a successful and even a sophisticated real estate investor. Bestselling author and Rich Dad advisor Garrett Sutton discusses the loopholes of real estate investing. Garrett has been practicing corporate law for more than 35 years, assisting real estate investors and entrepreneurs in protecting their assets and maximizing their financial goals.
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Real estate becomes an asset when it brings you cashflow. As a real estate investor, you’ll be putting other people’s money to work for you, like your lenders and tenants. When we talk about loopholes of real estate, we’re talking about the financial, tax and legal advantages of investing in real estate as a passive income earner. It has been successfully utilized by many investors to protect and maximize their real estate investments. When you learn about the ins and outs of real estate investing, you’re going to quickly learn that as long as your property is cashflow positive, you can write out any downturn that may occur in the real estate market. Recessions don’t matter when your property is in a good market, a good location and is cashflow positive.
The great news is that you don’t need a lot of cash reserves to get started. Risks can be efficiently managed and eliminated. It can certainly be managed through insurance, legal structures and other common strategies that are not difficult nor expensive. This is something that you should not overlook. Loopholes provide for the defense of your valuable real estate. From a tax perspective, there are real estate loopholes to be opened. Smart investors know how to open those loopholes to their maximum advantage. From the legal side, there are real estate loopholes that need to be closed. When you learn when to open and when to close loopholes, you become a successful and even a sophisticated real estate investor.
If you missed our last episode, be sure to listen to A Property Manager’s Perspective On Real Estate Investing.
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Loopholes Of Real Estate Investing with Garrett Sutton
It’s my pleasure to welcome Garrett Sutton to the show. Garrett isa bestselling author and one of Robert Kiyosaki’s Rich Dad Advisors. Garrett has been practicing corporate law for more than 35 years. He has assisted real estate investors and entrepreneurs in protecting their assets and maximizing their financial goals through his two companies, Corporate Direct and Sutton Law Center. He received hisBusiness degree from the University of California, Berkeley, and earned his law degree at Hastings College of Law in San Francisco. Garrett, welcome to the show.
Thanks, Marco. It’s a pleasure to be with you.
It’s great having you on. I’ve known you for many years because of Robert Kiyosaki and the Rich Dad books. I’ve been meaning to reach out to you. I’ve had the fortune to bump into you at FreedomFest. I had some conversations with you and got to know you a bit better. You’re a better guy in person then I thought you would be. I’m glad that we’ve got the opportunity to cross paths because I’ve been thinking about getting you on the show for awhile. Can you tell us a little more about yourself?
I grew up in the San Francisco Bay Area. I went to CAL and then Hastings, which is the University of California’s Law School in San Francisco. I always spent my summers up at Lake Tahoe in the Sierra and decided to move up here. Nevada is a great state to set up corporations and LLC. It was a good move for that reason. I got married up here and I have three kids. Ienjoy living in Reno, Nevada, and the skiing has been good. I enjoy skiing. I’ve been associated with Robert Kiyosaki and had the good fortune to travel with him around the world talking about financial education. I’m headed to Australia with Robert. We’re going to be in three cities. It’s beenrewarding to be able to talk about these topics to people not only in the United States but around the world. It’s been a great experience.
You and I have a common denominator in the sense that we believe in financial education. We freely give that information in an educational way to people to help them better understand what they need to do, what they should be aware of, and how to take the proper action sothey can be more successful in real estate entrepreneurship and in life.
They don’t teach it in school. Iwish they did. Youhave to get the information on your own. Marco, for you to provide all this information to your audience is a huge service. I too like being able to communicate this to people because you need to take these steps on your own. The government doesn’t help you. They provide the benefit of LLCs and corporations, but they don’t direct you on how to gain a financial education. You have to do it on your own and you have to utilize podcasts such as this one toget that information.
This is one of the reasons why we homeschool my daughter, to give her what we believe she should have. You authored a fantastic book called Loopholes of Real Estate. Actually, you’ve authored a couple of books. I highly recommend Loopholes of Real Estate to everyone. They should read it at least twice because there is so much in there. It goes through it so quickly in the sense that there’s a lot of information coming at you. Some people have a negative connotation when it comes to the word loophole. Why don’t you clear the air on what a loophole is?
Loopholes are there to your advantage as we discussed in the book. It was interesting that Real Estate Loopholes came out ten years ago or more and I didn’t understand the nature of the word loophole. I did some research. Loop meant window and it was a hole in a castle. In a loophole, you could fire an arrow on the people below you. Loopholes are really important for castle fortification strategies for people. They moved the loopholes, the little narrow slats to the bottom of the castle, and the kids and young adults could slip out of these loopholes. They knew where they were, and they could escape a siege. The word loophole had a great meaning back in the 14th and 15th Centuries. It became a word that meant you knew where the escape hatches were. The loophole in the castle is how you can escape.
It came into the general language as a way for you to escape a contract ora tax. When we talk about loopholes in real estate in the book, we’re talking about the loopholes in the Tax Law that you want to open up to your advantage. They’re available for everyone. It doesn’t matter whether you’re rich or poor, the Tax Code is the Tax Code. A good CPA can help you take advantage of the loopholes that are associated with real estate. On the legal side, there are loopholes that we need to close. There are ways that people can get at us if we hold real estate in our individual name. People can get at the real estate and all our personal assets by using the loopholes that close down legal liability by using LLCs and other structures. We can also invest in real estate to our benefit. Loophole for me, when you consider the history of it, is a good thing.
One of the things you speak about is knowing when to open and close those loopholes. How does that improve the results of a real estate investor?
On the tax side, you want to take advantage of depreciation. You want to be able to write off the value of the building over the 27 or 35 years. If you don’t take advantage of that loophole, you are not maximizing your real estate investment. You want to close the legal loopholes that are out there. If you don’t use an LLC, you’re free to hold a title in your individual name. There’s no problem with doing that. It means though that all of your personal assets are exposed. By using the LLC loophole and closing the unlimited liability through a limited liability entity, we’re using loopholes to our advantage again.
I was reading your book and I’m going through it for the second time. You cover 53 loopholes, and these are loopholes that real estate investors should consider or even take advantage of. I found three categories. There are tax strategies, legal strategies and even selection strategies. That’s far more than we could ever touch on in one single episode here. You’ve discussed the first loophole in the actual introduction of the book. That’s about the difference between good debt and bad debt. Can you touch on the difference between good and bad debt?
Bad debt is debt that you use to buy an asset or something that doesn’t return money to your pocket. Robert Kiyosaki always says that bad debt is the mortgage on your house because it doesn’t provide you with any cashflow. Good debt is using our credit system to borrow money to put money in your pocket. Good debt would be using a mortgage to acquire an apartment building. You’re going to structure it so that the rents will pay off the debt and will provide you with monthly cashflow. Eventually, the bank will get paid back and you’ve got an asset that is cashflowing entirely for you. You can use 1031s and you can go up to bigger properties. There are all sorts of ways to increase your net worth. At the start, using good debt to buy real estate that you benefit 100%from is a good way to go.
The name of the game is to create cashflow. The fast way to create cashflow and create wealth for yourself is to borrow as much cheap debt that you can and using other people’s money to put into income producing assets.
Mortgage rates may be going up, but there are still opportunities out there for people to utilize good debt to their advantage. Don’t worry about the fed raising the rates a point or two. There’s still opportunity. In every market, people can make money using good debt.
I have the belief that there are always deals out there, it’s just market specific and depends on what strategy you take. People were buying and investing in real estate when mortgage rates were 17%, 18% many years ago. There are always deals to be found, you just have to know where to look and how to invest.
It’s always about price and terms. If mortgage rates are high, then we’re going to get a better deal on the price and we’re going to get better terms.
Because of the importance of it, I’m going to ask the most basic of questions. Why is it dumb not to have asset protection?
We live in the most litigious society on Earth. There are more lawyers and lawsuits in the United States than anywhere else. The State of Louisiana did a survey and they asked people, “How are you going to get rich?” The first way was through a lottery. Your chances are the same whether you buy a ticket or not with the lottery. The second way was through the litigation lottery. They were going to sue someone. That’s the attitude that we have in our society. You and I aren’t going to change that, so we have to protect our assets in the face of that societal attitude. Instead of holding real estate in your individual name, you need to hold it in a limited liability entity like the LLC. We need to take the steps right at the start to protect your assets because we live in this society where attorneys are able to have contingency fees. They get a percentage of what they’re able to collect. If you get in a car wreck and the attorney collects a $100,000, they keep $35,000 of that. That’s the way our system and people work. People can’t afford lawyers, so the lawyers will provide their services and get a percentage of what’s collected. That gives attorneys an incentive to sue. Knowing that, we have to take steps to protect our assets.
Attorneys have a lot of incentive effect. If you look around, we see billboards all the time,“Have you been injured or have you been in a car accident? Call 1-800. Let us help, we can collect, no risk.”
It used to be that lawyers couldn’t advertise, but the Supreme Court said, “It’s free speech. Lawyers can advertise.” Now, we have these billboards. That’s not going to change, so we need to understand that lawyers have an incentive to sue. If they do sue, you want to have plenty of insurance. Insurance is the first line of defense. Entities are the second line of defense. If an attorney sues and the insurance is not satisfactory to cover the claim, they are able to get a judgment against you personally. If you hold a duplex and fourplex in your individual name, they have the ability to foreclose upon those assets. They can sell it for the benefit of not only the victim but the attorney themselves because they are getting a third of those properties. We have to understand that and protect ourselves accordingly.
I know readers hear this time and time again. It’s easy to hear it, but it’s easier not to act on it. If and when you do get sued, it’s too late to go back and say, “I’m going to move my entity into an LLC and try to protect myself.”
If you are sued or even if someone sends you a letter saying they’re looking into suing you, you cannot transfer assets at that point. If you do, it’s called a fraudulent conveyance. Anytime a term has the word fraud in it, it’s not a good thing. If you get involved in a fraudulent conveyance, you transfer your properties into an LLC, the court can unwind that on the grounds that you were trying to avoid paying a legitimate creditor. If, on the other hand, you set up your LLCs right at the start and you get that notice of a lawsuit, you’re protected. The contingency fee attorney is going to have a tough time, especially if we use the right entities to get at the real estate properties you own in a car wreck situation. I always recommend that you have insurance on your home and auto. An umbrella policy is a good extra measure of protection. In many states, an extra million dollars of coverage is only $400 a year. That’s a good way to go. On top of the insurance though, because insurance companies have an economic incentive to not settle every claim, they go out of business if they settle every claim, you have to have these other protections in place, including the LLCs for real estate and other assets.
I’ve referred to this as layers of the onion. You don’t want one-fourth source of protection, whether it’s insurance or an entity or layering of entities. You want to have all of these things in place. You have one line of defense followed by another line of defense. It’s like peeling the layers off of an onion. You’re well-protected because you’re in the middle and you’ve got all these layers all around you.
With the layers come structure. A lot of people are on the internet saying, “Don’t have anything in your name.” You walk into court and you’ve got to tell the truth. When the judge asks you, “Do you own any LLCs? Do you own any real estate?” You have to tell the truth. If your real estate is already an LLC before the lawsuit was filed, you can tell the truth, “I have a structure. I’ve followed the formalities. I’m doing it right.” You don’t have to lie, which some of these other questionable strategies would have you do. Lying in court is not a good thing. You can be involved in perjury. In our society, there are enough lies in it already. We shouldn’t encourage people to lie in court.
I can’t take credit to this, but someone who’s wealthy said,“You want to own nothing, but control everything.” I have to remind myself of it.
It’s been attributed to John D.Rockefeller and he did okay. He used entities back in the day. Before, Teddy Roosevelt, he used a lot of trusts to protect himself. The concept is the same. You don’t want assets in your individual name, even with real estate and your primary residence. We have a homestead exemption. We have other ways to protect your primary residence. Everybody should look into having a homestead to protect the equity in their home. We haveLLCsnot only for real estate holdings, but if you own gold and silver bullion, you could hold that in LLC. If you have a brokerage account with no more than $30,000 or $40,000 in it, you can hold that through a Wyoming LLC, for example. Once that’s set up, you continue to pay the state fees and follow the formalities. You don’t have to lie about anything. Your assets are protected.
People often ask us,“What are the best entities to hold real estate?” Like an attorney, my answer to them is, “It depends.”It’s a simple question, but it could be a complex answer. What would you say to people in terms of the best entities to hold real estate?
It depends, that’s the good lawyer answer. As a general rule, we’re going to look at limited liability companies and limited partnerships for holding real estate. You’re not going to use your living trust because like the land trust, it provides no asset protection. The LLC and the LP are designed to provide asset protection for their owners, especially through the charging order procedure which varies from state to state. California, New York and Georgia are fairly weak. Nevada, Wyoming and Delaware are strong. That is where the depends comes in. As a general rule, we’re going to use LLCs or LPs to hold real estate. The next question becomes,“What states and combination of entities are we going to use to accomplish your individual goal?”
You mentioned LPs or limited partnerships. I’ve never used a limited partnership structure for asset protection, but I know some people have. My understanding is that an LLC is better, but why choose one over the other?
At the giant level, the LP requires two entities. A limited partnership is on the title to the real estate. By definition, there have to be two partners, at least one limited partner who’s not responsible for any claims and one general partner who can be personally responsible for claims brought against the limited partnership. We have that personal responsibility. No one wants that. To overcome that, you form a second entity like a corporation or an LLC, typically an LLC, to be the general partner. To do the LP right, we have to form two entities, the limited partnership itself and another entityto be the general partner. In California, we’re paying $800 per entity and that’s $1,600. With an LLC, you don’t have to set up that second entity, everyone is protected within the LLC. That’s one advantage of the LLC.
California has a gross receipts tax on LLCs.If you have $15 million in gross receipts you’re going to be paying a lot in extra taxes. In some cases, it does make sense, especially in California to use the limited partnership. There are reasons to use the limited partnership. With mom and dad being the general partner owning as little as 2%, they can control the whole show. They can make distributions to the kids without the kids demanding that they sell the fourplex, so they can go on tour with the band. The limited partnership works in family situations. It works in situations where you have a lot of income in the State of California, you can save money with a limited partnership. For the vast majority of cases, we’re using LLCs. They have become the most popular entity now in the country.
Your examples with California make me think of, “Welcome to the socialist republic of California.”
I met with a client who, like many others, is moving to Nevada. InReno, every tenth plate is a California plate. There are so many people moving there.
I’ve been looking at Vegas as a second home location and then switching it over to a primary location just so I can have residency in Nevada and spend more than six months there. I even looked into Puerto Rico of all places. I was down at Peter Schiff’s house for awhile and I was talking to him about it. When you’re in a state that is so burdened with regulation and taxes, it forces you to look at other options.
I like California, but Nancy Pelosi is talking about an exit tax for California for people who leave for other states. Even though it is completely unconstitutional, just the mention of that has people thinking about moving. We’re seeing a lot of businesses and young families that can’t afford a house in California now. In SanFrancisco, you have to have an average income of $300,000 to be able to afford a house. Not every young family has $300,000 to buy a house, so they’re moving to other states.
This is a whole subject in itself. We could spend another episode talking about the taxation and migration in and out of California. It is what it is. Unfortunately, we have to deal with it.
In California, you can make money in real estate, but you have to take the step of using California entities and then probably Nevada and Wyoming entities to hold the California entities for better asset protection. California law, when it comes to asset protection, is the weakest in the country.
I assume you’re referring to investors who hold property in the State of California, not investors in California that hold property out of state.
If you live in California and hold property out of state, you still have to do some extra planning. The state of California wants that $800 filing fee for the properties that you manage out of state. California has become very difficult on this. There are ways to deal with it. Marco, for your audience in California, we have to do a little bit of extra planning.
You may or may not be aware of this, but even though we are in California, we don’t do anything in real estate in the State of California because the numbers don’t make sense. However, we do have a lot of clients that are inexpensive coastal markets all along the coast of California, many out of San Francisco, New York and New Jersey. A lot of the coastal markets where it’s very expensive to invest in is where a lot of our clients come out of. The reason is they can’t invest in their backyard so they work with us to build our portfolios and they work with guys like you to help protect those properties in other states, even though they have residency in those expensive markets.
People can vote with their feet and invest wherever they want in the country. Some of these postal markets, at some point, their prices for homes in that area are not supportable. Investing in other parts of the country does make sense.
We were talking about limited partnerships. What are your thoughts on having an individual LLC per property?
That’s the best asset protection, one property per LLC. If it’s not financially supportable, I have clients that will have two or three properties in one LLC. My job is to explain the pros and cons. It’s the client’s decision how many properties per LLC. That’s something we talk about in our consults. If you have three properties that have equity of $10,000 each, I might use one LLC for that. If you have one property that’s a free and clear home worth $1 million, I wouldn’t put that in the same LLC with a duplex you rent to the Hell’s Angels. We’re going to do different structures for everybody’s individual situation. Ultimately, itis the clients call. Do you want one property per LLC? That’s great asset protection. Maybe you’re going to have two or three properties per LLC if that’s what you feel comfortable with. We’ll do what the client wants to do.
A lot of that comes down to the person’s risk tolerance and how paranoid they might be about getting sued and having assets tapped into. A lot of it comes down to, not a magic formula, but the person’s preferences and risk tolerance.
There’s one little issue when you transfer title from your name into an LLC, you do need to let the insurance company know that that title is in the LLC. Some insurance companies will say, “That’s a business entity. We have to charge you a higher premium for the insurance,” which is nonsense because it’s the same risk. One way to handle it is to say, “Leave the insurance in my name, but list my LLC as an additional insured.” That will cover you. If there is a claim against the property, the LLC which is on the title is entitled to coverage. There was a case in Los Angeles. This is before that lady became our client, she transferred title from her name into an LLC. It was a duplex. She didn’t tell the insurance company. Their job is to deny and reclaim that they can. They used the excuse that the title was in her LLC and not in her name, where the insurance was, to deny coverage. This is an important factor for people when you’re transferring a title to an LLC.
Investors who buy residential real estate almost always take the title in their name because they don’t have a choice. That’s how the close unfolds. We don’t want to keep the title in our personal name. When is the best time to transfer title? Should it be done the same day or immediately after? Do you have a suggestion or a tip on the best way to transfer title?
If the bank is okay with it, they want you to take the title in your name. A lot of the banks are wising up to the fact that the LLC is a good thing and it does help protect the bank. Talk to the bank and if they will allow it, you would then transfer the title into your name and immediately turn around and transfer the title into the name of the LLC. We have to be careful of what state we’re in. Pennsylvania has a huge transfer tax of 2%. If you buy a property worth $1 million and you transferred the title from your name into the Pennsylvania LLC, that’s a $20,000 transfer tax. We need to be cautious of what state we’re in. You can take the title in your name the way the bank wants it and then transfer title either that day or several days after into the name of the LLC. As long as the title is in your name, you’re personally responsible. We do want to get it into the name of the LLC as soon as possible.
Something that causes confusion for some people is the idea of a land trust. I find that there are different people out there who have strong opinions for or against a land trust. What is a land trust? Is it good or bad? Do you even recommend using it?
I’m not a big fan of the land trust because it does not provide asset protection. People do claim it provides privacy. If someone sues the land trust or the LLC, it doesn’t matter who owns the property, it matters who’s responsible. If someone sues a land trust and you’re the beneficiary, as an individual, you’re personally responsible. It’s like having the title in your name. That land trust has to be owned by an LLC for you to have the protection. People also make this argument that the land trust and trustee can keep the beneficiary’s name confidential, but that doesn’t work in a court of law. The court of law is entitled to know who the owner is. If you’re the owner of that land as an individual, the court is going to hold you personally responsible for everything that happened on that property. The question becomes, “I’m going to use a land trust and I have to set up an LLC to be protected. Why not just set up the LLC at the start?” I’m not a big fan of the land trust. I know a lot of people are, we respectfully disagree, but we don’t set them up.
What if you own properties and they were all properly titled into the LLC or multiple LLCs but those properties were each in their own land trusts inside the LLC? Is there an advantage of having that property in the land trust within the LLCs?
Let’s say you have three land trusts on three titled to three separate pieces of property and the beneficiary of those three-land trust is one LLC. In the land trust structure, the beneficiary is responsible for claims. The court goes through the land trust to the beneficiary, the LLC. What does the LLCown? It owns three properties through three separate land trust. You’ve increased your exposure to not just the one land trust, but technically all three land trusts are exposed to that one claim. You’re better off having three separate LLCso that there’s no bridge from a land trust to an LLC to another land trust within that LLC.
The lowest common denominator will be one property to one LLC. The two scenarios are one property in an LLC versus one property in a land trust in that same LLC. Is one better than the other or are these essentially the same thing, but with more cost?
Having a land trust owned by an LLC is going to be more expensive than setting up the LLC, to begin with. I would rather have the protection of the LLC. I like the LLC being untitled. You have four different LLCs for four properties. I like having those four LLCs owned by one Wyoming LLC. You have a California LLC for the California property and a Utah LLC for the Utah property. All of those four properties are owned by one Wyoming LLC. If you get in that car wreck, they’d love to get it to California and Utah properties, they have to fight through Wyoming, which has the charging order protection. It makes it very difficult for the car wreck victim to get through the Wyoming LLC at the other properties.
At the same time, you’re going to want to have an umbrella policy of insurance. In a car wreck situation, there’s enough money to pay the claim. The attorneys know how to get an insurance money, but they’re not very good at getting these Wyoming LLC interests. That is a way we encourage most of our clients to structure their affairs. LPs on the title in the state where the real estate’s located in California, LLC at Utah, LLCs all owned by one Wyoming LLC. A parent that doesn’t do business with anyone, it’s a passive holding entity.
Another advantage of the LLCs is if you’re married or you plan to be married, you could easily transfer ownership to and from a spouse if something happens or there’s a death. It makes the management of ownership so much simpler.
In that example with the Wyoming LLC, it’s owned and turned by your living trust. If one partner passes away, we don’t have to retitle all the California, Utah, and other LLCs, they’re still owned by that Wyoming LLC. The Wyoming LLC changes hands according to the dictates of the living trust. It all works together well.
We could talk about a lot of things when it comes to loopholes of real estate. We mostly talked about the legal aspects. We should do set up another time to have you back where we can talk about tax-related loopholes.
I’d be happy to come back and talk to you and your audience about these issues.
Anything else you’d like to share with our audience? Frequently asked questions or something that I should have asked you related to what we’ve talked about now?
This is something you need to take steps on your own to do. The government and schools are not going to tell you to use LLCs. You need to gain this information on your own. There are plenty of good books and podcasts like this one out there that will help you gain that information. You need to take steps like we talked about. If the real estate is in your individual name and you’ve been sued, it’s too late to change it. You need to do this work while the seas are calm before there’s a problem.
Garrett, the fact that people like Robert Kiyosaki work with you speaks volumes about you and your business. Tell our readers how they can find you and get more information.
Thank you, Marco. I appreciate that. We are at CorporateDirect.com and that’s the website. We have articles and we keep people up-to-date on what’s happening. You can subscribe to the articles. We do offer a $100 discount if you mention Norada. We’re happy to work with your people, Marco. We like providing a high-level of customer service. When you call, we do answer the phone and we will answer your questions. Our goal is to make this as simple as possible for you. We don’t want to set up more entities than you need; we want to get the right amount of entities. We want to work with your CPA to make sure that you’re taking advantage of all the tax side of things. We’ve been doing this for over 30 years. It’s been enjoyable to see clients start out with that first house or duplex and now they have 20 or 50 properties. It’s been fun seeing our clients grow over the years. We look forward to working with people on that basis.
It’s fun to buy real estate and invest. You get the bug and you want to keep buying. It’s not just about acquiring a portfolio of real estate, you have to protect those assets that you are spending your hard-earned dollars on. You have to work with your asset protection attorney. I encourage people to reach out to your office, even if it’s nothing more than to learn more about the services you provide. Garrett, you’ve been fantastic. I look forward to having you back on. Thanks for your time.
Thanks, Marco. It’s been a pleasure.
I appreciate it. Thanks.
That was a great episode with Garrett. I know that I’ll be bringing him back on to talk about other loopholes of real estate, particularly on the tax side. He is a very knowledgeable and professional person. I was very impressed with him when I met him in person. Thanks to our audience. You’ve made this show a great success. I want to thank each and every one of you for that. We’re now top five in the business podcasts on iTunes, right after Gary Vaynerchuk, Tim Ferriss and maybe Dave Ramsey. You can help us spread the word and continue to share this free information by leaving us a rating and review on iTunes.
If you haven’t received our free guide, the Ultimate Guide to Passive Real Estate Investing, be sure to download that on PassiveRealEstateInvesting.com or NoradaRealEstate.com. We have all our properties available for purchase as rentals investments. Those are completely turnkey rentals. If this is something you’re thinking about or you need some help, we offer a free strategy session. Just fill out the contact form on our website and we will get back with you within 24 hours. If you have questions about real estate, click the Ask Marco! button at the top of the website at PassiveRealEstateInvesting.com. I will certainly reply and I may even cover it on the show. If you haven’t subscribed, please remember to subscribe. Thanks for reading, we will see you in the next episode.
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