Today our guest is the amazing Ashley Kehr, the host of BiggerPockets Real Estate Rookie Podcast...

Investing (http://www.mynd.co/knowledge-center/the-benefits-of-investing-in-turn-key-properties) is a team sport and no matter where you are in your journey, you should always keep learning. Whether you’re in property management (http://www.mynd.co/) or you’re investing in hot new markets (http://www.mynd.co/knowledge-center/tips-on-how-to-expand-your-real-estate-portfolio-in-the-current-market), surround yourself with like-minded people who have a proven track record.

One of such investors is Leka Devatha, a former fashion expert turned real estate investor in 2014. She’s been wildly successful in the Greater Seattle Area (http://www.mynd.co/knowledge-center/how-to-choose-the-best-property-management-company-in-seattle) doing fix and flips, land subdivisions, multi-family investing, and selling of residential real estate representing both buyers and sellers. Today we discuss the success mindset, power of communication, and the Seattle market trends.

What We Cover

00:00 - How to get started and turn your mistakes into success.

‍04:48 - Breaking glass ceilings and following a no-excuse policy.

‍11:04 - The importance of networking in real estate investing (http://www.mynd.co/).

‍12:30 - How Leka finds appreciating and cash flow deals in Seattle.

‍16:15 - Current and future trends in the Greater Seattle Area.

‍19:31 - How to leverage the 1031 tax benefit exchange to keep investing.

‍24:50 - What to do when you’re not cash flowing… yet.

At Mynd Property Management (http://www.mynd.co/), our aim is to offer unique perspectives of both property managers and investors. And when it comes to the investing (http://www.mynd.co/knowledge-center/10-rules-for-successful-real-estate-investing-and-the-importance-of-management) world, there are so many different ways to make money.

Today on the show we have Jim Maffuccio from Aspen Funds, an expert in alternative real estate investments. He and his partner founded a company that purchases both distressed and performing mortgages (http://www.mynd.co/knowledge-center/mortgage-industry-outlook-during-and-after-covid-19). He will offer insight into this industry and share his view of the future, based on 30+ years of experience in the real estate market.

What We Cover

01:53 - How Jim and his partner founded Aspen Funds and what they do.09:39 - Why banks sell their debts and why it makes sense for Aspen Funds to purchase them.11:38 - Jim’s view of the 2008 crisis and whether he sees any signs of history repeating today. 18:22 - Market trends (http://www.mynd.co/knowledge-center/tips-on-how-to-expand-your-real-estate-portfolio-in-the-current-market) we’re seeing and where the next big opportunities can be found.22:56 - How to become an investor and learn more about purchasing mortgages.27:15 - Jim’s prediction of the market trends and real estate opportunities (http://www.mynd.co/) in the next year.

Show Resources

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Real estate investments are a great way to amass generational wealth and passive income streams. But how do you choose a deal? How do you put together a team that will help you succeed in the longterm? And how do you expand and diversify your portfolio (http://mynd.co/)?

Today on the show we have Marco Santarelli and he’s going to answer all of these questions for us. Marco is the founder of Norada Real Estate Investments; he’s been in this business for several decades already. He will share his 10 rules of successful real estate investing (https://www.mynd.co/category/investing). If you’re looking to take your training wheels off and jump into this space, this is the episode for you!

What We Cover

02:32 - Marco’s background and the first lesson you need to learn about real estate investing (https://www.mynd.co/category/investing).

‍06:13 - Why people hesitate to take action towards financial freedom and how to gain that confidence.

‍10:31 - The 5 core people you need to have on your team if you want to run a successful business, and not just a job.

‍14:48 - What does a perfect candidate look like and how to select your real estate team and the property management (https://www.mynd.co/category/property-management) company.

‍18:33 - The number one rule, i.e. the first thing you need to do before you even think of investing.

‍19:53 - The 10 rules of successful real estate investing and how to apply each of them in your business and life.

‍30:19 - Why is diversification so important in the real estate portfolio with Marco’s diversification method explained.

‍33:53 - How to accelerate your wealth generation and magnify your ROI through direct ownership.

‍36:43 - The biggest investment opportunities we can expect in the next 18 months.

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You’ve heard before that investing in turn-key properties is a simple way to generate wealth w...