Providing jobs and housing might be a daunting task for an investor. After all, it is and should be the government’s work. In this episode, Chad Sutton, an expert real estate investor and property manager, details the steps and the appropriate mindset when venturing into the field. He will talk about the risks and how we can overcome them through partnerships, having structured plans, and learning about the tax code–all of this while still having a day job. So let’s jump right into it and learn how you can start now!
[00:01 - 14:50] Opening Segment
Listener feedback with Vierra McCoy I share the many ways to do cold calling and networking Engaging in any way is networking I introduce today’s guest, Chad Sutton Chad talks about his money culture and background growing up Do it right the first time and work hard Working-class family Going off the book Politics of the corporate world Rising family expenses [14:51 - 27:27] Calculated Risk
Stepping into the investment world Chad talks about his first time investing Being a Bigger Pockets subscriber Doing businesses with family Chad shares how he takes big calculated risks What’s perceived is a lot bigger than what it looks like Chad’s structured path before making big decisions It’s all about the net Reduce the expenses and debts Chad talks about the staircase analogy [27:28 - 32:30] The Tax Code
Tax for income earners versus investors Learning the tax code without evasion Chad talks about how the government lacks in providing some of the basic needs Jobs and housing Real estate investors having tax benefits Taking advantage of whatever’s available There are always options Quick segway to my investment partner: Rocket Dollar Use promo code: MICROEMPIRES to get a discount on the signup fee Shoutout to my Podcast Producers: Streamlined Podcasts Use promo code: MICROEMPIRES and get a discount [32:31 - 50:48] Taking Risks with a Partner
Starting a partner group Bigger property, less risk Syndication Joint venture The deferred sales trust I express the importance of having a partner that has your back Things to consider when it comes to loss and crisis The humanity aspect Problem-solving path Having crises sometimes end up in good things Learning more about the partner Might end up with a better investment Perks of group investing Bigger assets Team mentality It’s fun! Green time versus gold time [50:49 - 55:32] Closing Segment
Book that made a huge impact The honey Bee by Jake Stenziano and Gino Barbaro How to contact Chad See links below
“With family, at the end of the day, those people have your best interest at heart.” - Chad Sutton
“I know there’s a staircase to get there. I can see the first three steps and I’ve walked up those. But sometimes you have to have the guts to take the next step and trust that it’s going to materialize right before your foot extends there.” - Chad Sutton
“It’s amazing what you can create if you have the desire to do so.” - Chad Sutton
Bigger Pockets CDFI Lending Third Home The Honey Bee
If you’d like to connect with Chad, you can call him through 6158920250 or you can email him at email@example.com. Also visit www.quattrocapitalrei.com.
You can connect with me on LinkedIn, Twitter, Instagram, and Facebook. I’m excited to hear more about you. I’m excited to know more about you. Also, feel free to shoot me an email at firstname.lastname@example.org. You can call or text 213-973-7206
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This podcast is about YOU. We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more.