How He Bought A CASH-FLOWING Rental Property (From Another State)! | Real Estate Skills

Adolfo is a full-time nurse who just added another cash-flowing rental property to his portfolio — without ever setting foot in the city he bought it in. 

In this in-depth interview, he breaks down how he bought a turnkey rental property sight unseen using the Passive Income Club from Real Estate Skills.

The best part? It’s already cash-flowing and producing income while he works 12-hour shifts at the hospital.

You’ll hear exactly how Adolfo did it — including his deal numbers, how he made investing fit around his job and family life, and why he’s all-in on using real estate to retire early.

*For in-depth training on real estate investing, Real Estate Skills offers extensive courses to get you ready to make your first investment! Attend our FREE Training and gain insider knowledge, expert strategies, and essential skills to make the most of every real estate opportunity that comes your way!

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Ryan Zomorodi (00:00):
My client Adolfo just closed on a cash flowing rental property out of state through our passive income club right here at Real Estate Skills. This is our turnkey property placement service that we offer members of the Real Estate Skills community. Now, Adolfo is an experienced landlord, so this isn't his first rental property, however, it's the first time he leveraged our systems network and teams to buy an outstate property sight unseen. That's cash flowing day one.

(00:27):
So Adolfo, I'm super excited to have you on to share about your experience buying this property, but also your experience as a real estate investor and ultimately finding Real Estate Skills to help you accomplish your goals in real estate. Thanks for taking time out of your day. Adolfo, how are you doing today?

Adolfo (00:43):
I'm doing very well. Thank you Ryan, and thank you for the invitation and I'm glad to be here and getting an opportunity to talk to the community and I hope everyone is having a great day today.

Ryan Zomorodi (00:56):
Absolutely. Yeah, no, I appreciate it. I'm certainly having a great day. Happy to talk to you. Been really looking forward to this. So first off, why don't you just tell us a little bit about your background. What were you doing before joining the Real Estate Skills program, if you have any prior real estate experience and what was your path before joining us?

Adolfo (01:18):
Definitely. Well, I want to go pretty far. Might reveal my age at this point. When I was in high school, always was interested in real estate. You know how it is watching tv late nine and carton sheets if anybody remembers.

(01:39):
That particular individual bought this program, went through it and actually it actually worked because actually my first property that I got to buy was a rental property with my brother and we actually got to do that deal a hundred percent, no down payment, no down payment, and a hundred percent finance from the seller back then. It went well and then I still continue also working and then I bought several properties in the next town or the next state next to me, which is New Jersey. I bought there, went very well with actually a hundred percent finance also. So I over-leveraged myself and those got to sell it, some of them, a few of them actually. And then we moved on. But the problem was that because I over leveraged myself, I found it very difficult. I had to be taking tenants immediately without, even though I did section eight, it still was cumbersome because every moment I had to be over there managing the property as well as working.

(03:02):
So, that gave me personally a bad taste on over laven myself and stuff. So that's why that now, okay, and then after 2007 and eight when everything went down, I actually, I lost everything, literally everything. Alright, so now I'm back this time with a different mentality because of my experience and I decided, hey, lemme see what's out there and started over again. And I guess one day I was going through my phone and I came up with Real Estate Skills and I said, okay, let me listen to it. And I said, alright, let me join. And since then it is been good. It's been slow because of I work long hours, my background so everybody would know from high school I used to be a banker, worked at a bank, moved all the way up to branch manager. From there I moved, this is actually my last career, which is a nurse and I worked long hours.

(04:11):
So as much as I would like to sometime dabble into more in the real estate business, it's kind of difficult for me, especially when I work long hours over 12 hours a day. So I shouldn't be able to do that. So speaking with my wife, the best thing to do is actually is turnkey properties. I think we were talking about some other stuff and it came up that you were asking me what were I planning to do and I told you buying turnkey property. Yes. Now I remember and you told us that told me that you had a program in the community and you gave me some contacts and it just led to actually, this is my first property with Real Estate Skills and so far has gone phenomenal. Phenomenal. I am looking to actually, we're looking to actually do another property recently right now, that would be the second one. So overall satisfy and it's good.

Ryan Zomorodi (05:20):
Fantastic. No, thank you for sharing that. I think a lot of people get caught up in the hype of the a hundred percent financing and the no money down and while in theory it makes a lot of sense buying properties without having to put up any of your own money, but you can get into a situation where you are over leveraged and there's a lot of pressure to have to rent immediately or to anybody. So maybe you're a little bit looser on the criteria just to get that rental income coming in. And so I think it's pretty cool how you shared that you've experienced it yourself and then ultimately coming to where you are today and making the types of investments you are now just through that experience. So I'm curious what drew you into real estate in the first place? It sounds like you kind of found some of the old school programs, the Carleton sheets back in the day, but ultimately what caused you to get into the industry in the first place?

Adolfo (06:19):
Basically, even when I was in high school, I was just always interested in real estate. Listening to cart and sheets and looking at what most successful people been able to do. The only thing in common that they have is real estate. I say, okay, so real estate is a way that I looked at for several reasons. One, it wasn't just to try to become wealthy. I'm not actually that interested in that, what I am interested in and having the peace of mind and having an income coming in, even though whether if I work, have an extra income where I have that peace of mind. My biggest thing is at this time in my age, which I didn't recognize back then is being able to have a game plan in place executed digitally and be consistent while you're doing it. What I mean by that is with my wife right now is I told her that we want to, I would like to actually build a rental portfolio of a passive income.

(07:36):
And the only way that we could do that is by consistently sticking to the game plan, putting the funds aside and being able to acquire new property. But even after all of that, my biggest thing is my 8-year-old son. Alright, I have two kids. My first son is already a grown man, but my youngest one is eight years old and I would like to spend more time with my son. I mean I realized that and they grow up quick. My first son grew up, I had a great time with him, but it is not the same now it's like I'm actually more involved and family is everything to me. So that will be my biggest why as to the reason why I'm doing it. And again, also I understand that I won't be able to continue working these long hours for the rest of my life, so I need to actually set something aside that funds will be coming in. Alright. So I could actually do the next thing that everyone likes to do is just enjoy their family, take a couple of trips and just continue doing some deals.

Ryan Zomorodi (08:53):
Absolutely. Yeah, well said. Real estate is one of those types of vehicles that can allow you to generate an income that you can truly replace your salary, your active income, not have to rely on an employer really forever. There's obviously a time and place to create that active income, but ultimately you see where you want to go in the future, spending more time with your family, ultimately maybe not working those long hours forever. We can only work five, six days a week for so long. So I love how you, you're thinking of the future and you're setting yourself up for success, but also your son as well, your whole family really, and this is something that can be built and passed on for generations, which is really powerful.

(09:47):
Were there any other types of investments outside of real estate that you've dabbled in over the years? I think traditionally most people when they think of investing, it's the stock market, it's bonds, the more traditional route of investing. Have you had any experience with that and if so, how would that compare to what you're doing now with income property?

Adolfo (10:09):
Yes, of course through employers. I did the 401k, I've actually purchased common stocks, mutual funds, you name it, basically almost had it except for bonds. I was too inclined in buying bonds. But overall I've owned and I still own a few, not as much besides the four one K, but overall between when I compare having stocks, the other thing about having stocks is that you have to actually be mindful. You got to be looking at how the market is doing. Also the comments and the media because a lot of the times those comments couldn't actually affect your stocks. So I realized that what I love about property is tangible is there even if whether it has a house or no house, it's always there. It lasts forever. Okay. It always has some value regardless whether if it has an improvement built onto it or not, you're never going to lose that part.

(11:25):
Yes. Is the growth different than the stock market? I mean there are times that you buy an IPO and it might go skyrocketed overnight and make you into a millionaire. Yes. If you're looking for that, then that's the way to go, not me. I like the slow pace growth. Real estate gives me that real estate gives me that peace of mind and have that property know that no matter what happens, whether if it has an improvement or no improvement, it always has value. If you need to sell it, you could always sell it. Somebody is always looking to buy and develop a house and stuff like that. So overall proper property to me is the best commodity there is out there.

Ryan Zomorodi (12:16):
Yeah, I like to say real estate isn't a get rich quick scheme. It's a get rich for sure plan, right? If you stick to that plan, then over time you're continuously buying the right types of deals that make sense. Then it's almost an inevitability that you're going to grow and be better off than if you weren't investing in it. And a lot of times that does lead to meaningful wealth, meaningful income. So that's really so exciting about just kind of taking even smaller actions, just buying a house, maybe buying a couple houses a year, eventually that really starts to add up and everything just kind of snowballs on top of each other. So I completely agree with you there.

(13:00):
So as far as buying this investment through us, you've obviously bought properties in the past. Tell us a little bit about your experience in the program and acquiring this deal through our turnkey concierge service. How has that been?

Adolfo (13:17):
It is been good, and I'll be honest, Ryan, you made it easy. Okay. There's not that many program of real estate out there that actually you get to actually speak to one of the owners and receive that individual guidance and experience to guide you in purchasing an investment property and real estate skill, especially you, Ryan has been a strong rock in guiding me to making sure that hey, this is the right move for me and my family to purchase. And the contact that you provided, Nick, he's great. He's easygoing, no pressure, but he does, if he believes that you're going to buy, he'll wait for you and close the deal and even the management team to manage the property as well, speaking with Jeff, easy person to talk to, express your concerns and stuff like that, which is important. And he actually brings it together, meaning the management aspect of it because again, it is out of state.

(14:47):
Actually, this is my actually first property that I purchase out of state. So I was kind of nervous for my wife and myself, but it's like I told her I don't really want to be hands-on managing. I've already done that. I'm not that great at it, especially when I have to go to work. So one of my criteria was when my wife was like, we need to manage it as a business. So if we're going to go out of state, we have to have a property management. Let's try to see if we can find somebody that's recommended and good. And that's where you came in with your recommendation, where to go and everything else. And looking at the numbers of the property, it just worked out is good.

Ryan Zomorodi (15:44):
Fantastic. And I know it's a big deal, right? Buying a property, no matter how big or small, no matter how experienced you are, buying a piece of real estate, it is a big deal. It's a big investment, it's a big decision and I don't take that lightly and I appreciate you trusting the process, trusting our network, trusting this part of our company, and so we definitely appreciate you having faith and taking that leap and buying a property out of state for your first time buying this asset without still having seen the property in person. I think that's a big limiting belief with people who are even considering buying a property out of state, they feel like they have to go there, inspect it, set eyes on the property, meet the team, but ultimately we were able to overcome some of those limiting beliefs that a lot of other people have. So really just appreciate you trusting the process and ultimately now seeing what it's like on the other side, closing that first deal and even looking at another deal now. So really appreciate you leaning into what we have to offer here.

Adolfo (16:54):
Oh yes. I'm one of those type of person that I really would love to actually visit the product to see it, meet the team and everything else. Google Maps does a pretty good job in showing you the neighborhood. So it was that. And also it is a leap of faith also because even when you think about it, I'm trusting people to help me manage a property that I've never actually met or even seen besides seeing a photograph of them. But you do your due diligence like anybody, you should all do your due diligence, you look up the company, see if there's any lawsuits and how everything is going. But so far everything has worked out, clean record, everything and yeah, biggest thing is your due diligence always no matter what.

Ryan Zomorodi (18:00):
Absolutely. And that's what smart investors do. I think the biggest risk in investing is not knowing what you're doing and you're obviously a smart individual, you're doing your homework, you've been through our programs, so you don't just take our word for it. When I present properties to you and say, Hey, these are great opportunities, you shouldn't take my word for it, which is why we have our education component. That's why you do your own independent due diligence and ultimately come to your own conclusions because you're the investor. You're the one who's buying and owning these properties. So yeah, couldn't agree more. There's a level of safety in doing that homework yourself, which is, I always encourage everybody do, but yeah, no, that's really awesome.

(18:49):
So let's talk about the deal itself. If you don't mind maybe just talking about the numbers and the financial projections, what do you expect out of this property? What caused you to say, Hey, this was a good deal and ultimately move forward and close on it?

Adolfo (19:08):
Well actually the property has been completely renovated. Inside out is just about 1300 square feet. The taxes a year is only about $3,000 I think it is. Is that correct? About 3000?

Ryan Zomorodi (19:30):
Actually, it's much less. The annual taxes are less than $800. Actually it's about seven $60, yeah, per year.

Adolfo (19:40):
I mean when I showed this to my partner, which is my wife, she liked it. We showed her the pictures, she loved it completely renovated and it rented out. So once that part, she even really loved also as myself because now we didn't have to actually be looking for a tenant. It was already completely, it's actually rented out right now, so immediately you're earning money and the numbers worked out because if you don't mind, I think like I mentioned before, it's 1300 square feet. The purchase price, if I could say it, 1,024, 900, well 125,000. Yeah. So with the taxes, like you mentioned, is $800. The state that I live where we're paying $8,000.

(20:38):
Taxes or even more, and even after you take a look at the rent roll that's coming in your own, you're almost at that market that I guess everyone knows about the 1% rule. You're actually there at that. And then looking at the growth of the home in the area about on an annual basis, about close to 4%, if I remember correctly, looking at the numbers and tax savings, that part, I don't know too much about the tax savings, but looking at the operating income on an annual basis is generating about $13,000.

Ryan Zomorodi (21:28):
Yeah, no, it's pretty fantastic. And that's why we recommend some of these markets, these properties, these teams in different places around the country. But in this market in particular where I've been buying for 10 years, and a lot of my personal portfolios in the numbers just work very well where you still, even in today's market where it's 2025, we're still finding those 1% rule deals where for example, this one is $125,000, rents for just under $1,200 per month. And even after you delegate to third party management, you have your property taxes, insurance, your maintenance reserves, we're still looking at a nine cap, 9% capitalization rate, which is essentially if you're buying this property all cash, then you're basically getting a 9% yield on that investment. You're getting 9% back every year in actual net income, which is pretty fantastic when you're buying a single family home.

(22:39):
And so that doesn't factor in appreciation, which in this market is like four or 5%. I've actually seen higher than that over the past 10 years. But we don't really like to bank on the appreciation. We like that cashflow. So like you said, it's roughly close to a thousand dollars per month in net income from this property, which you can just enjoy year after year after year.

(23:05):
And additionally, as far as the tax benefits goes, there is an opportunity to write off a large portion of that purchase price using depreciation, using bonus depreciation, accelerated depreciation. And so those are a little bit more advanced real estate tax strategies that are available to rental property investors, which is kind of the other part of the return that's outside of the cashflow. It's not just about what you make, it's about what you keep after taxes. So we can definitely get into more of that, but assets like these just have so many different ways where you can actually make money and make returns on that investment.

(23:46):
So pretty fantastic. We will show some pictures of the renovation, fully rehabbed house top to bottom, which is really what turnkey is all about. For those who don't know what that term is, you're buying a property's been fully rehabbed, really new systems, new roof, new floors, paint. I believe this property was torn down to the studs in the bathrooms in the kitchen. So it was kind of rebuilt in some of the main areas of the home and it was delivered to you with a tenant in place cash flowing from day one, which is typically how we like to structure our deals. So that's phenomenal. Yeah, I appreciate the breakdown Adolfo and glad both you and your partner liked the deal and liked all the numbers. You got to have that buy-in from both sides.

Adolfo (24:37):
And also the hvac, the home has an hvac, so it's a brand new hvac. The boiler is also brand new as well as the hot water tank. So everything in the house is actually brand new, but you are right, you always look at those numbers, your appreciation is one thing, but the tax advantage is another. And as well as the percentage, like you mentioned, it's about 9% earning on the money that even if I would've put it in a savings account, I would've been earning probably less than 1% on that and still be paying taxes and no tax advantage on that part. So overall, if anyone has doubts about investing property, I'm hoping that once you listen to this you realize that there is growth, slow growth, steady growth, but there is light at the end depending on what your goal is.

Ryan Zomorodi (25:52):
Yeah, absolutely. And it's one property is amazing, it's a great start, but imagine having two of these, five of these, 10 of these, and that's really the power of just getting started and buying one rental at a time. Because eventually if you have 10 properties, each producing a thousand dollars per month of net cashflow, and of course the longer you hold these typically the more cashflow they produce, that's a very respectable income that arguably a lot of people can retire off of. So it's these types of investments with their tax advantages, with their relatability, with their ease of getting into, and in this case really just playing a passive role. You are the owner, right? You're the owner of your business entity, which owns the property. So you're truly building a business that's producing predictable revenue and you're really playing that ownership role and not having to do the day-to-day stuff.

(26:57):
I've been in property management, you've dealt with property management as well. I know Adolfo, and being able to delegate that to a trusted team who just does this every single day. So now you get to kind of sit back and truly play the investor, truly play the owner and really enjoy your life. This is a business that you can design, that can support your life instead of you putting your life into a business. So that's one of the beautiful things about rental real estate as a business is that it's a proven model. You're not trying to bring a new product to market, you're not trying to develop an app, you're not trying to do something brand new. This is a proven time-tested strategy to build a business, to create wealth and ultimately create your own retirement plan at the end of the day, which I think is something that you're ultimately looking to do as well.

Adolfo (27:51):
Yes, I agree with you a hundred percent on that part and you are absolutely correct. There's nothing more passive to a certain extent when it comes down to real estate. I have no clue in developing an app, but coming down to purchasing property and looking at the numbers that I could do at this stage, I may not be able to dabble into flipping homes, but at least at my stage right now, being able to do turnkey property is my forte, is my road right now. Eventually I would like for that to lead to other endeavors, flipping homes or doing partnerships or ventures. Definitely.

Ryan Zomorodi (28:51):
Yeah, no, that's amazing. So yeah, as far as next steps for Adolfo, it sounds like you're interested in eventually dabbling into fixing and flipping some of the more active types of real estate. Why is this type of investment important to you? What does this really mean to you at the end of the day buying this property and just continuing to go down this path? I know you have another one under contract now, which is super exciting. So what is this going to unlock would you say in the next few years for you?

Adolfo (29:25):
Well, for the next few years, I can tell my wife I'm looking to leave my job in the next three to five years depending how well everything else goes. And once I do that, I would like to be able to see because anything else, alright, for everyone that's out there that's looking to be flipping homes and either working, my situation, like I mentioned is that I work long hours. I don't always have that amount of time to actually focus on one thing, but the way I look at it or speaking with my wife is that if I'm able to replace my income and then be able to take care of my son or I'll do stuff with him as well as manage some not really managed probably because most of them are out of state anyway, at least now they are. But looking for that income to replace my income, making sure that our current home is being taken care of or the bills are being paid, still have some funds left over that now I'll be able to say, okay, let's look at our property that we could actually flip because I don't know about many, I've always been responsible.

(30:52):
So when I look at a house and I say, okay, lemme put some money, it's kind of very difficult for me to go ask somebody to lend me some money to actually put down, I actually like doing that myself. So I'm looking to have that cashflow coming in that once a deal comes along, I don't have no issue, I don't, I could just put it down and move forward if it doesn't go through, it's on me. It's my money, not someone else's. Now I hate having to lose other people's money. If I'm going to do that, it might as well be my own funds. Now, don't get me wrong, I believe in leveraging. So definitely as long as it's a little bit more comfortable for me that if I'm even going to leverage someone else's money, I know that I have my own funds in play and something goes wrong, I know that I'd be able to pay them back because at the end of the day, if another deal comes up, I could always return back to them and they're more than happy to do a joint venture and join the deal, which is important to me because it speaks about the individual character and that's key in this business.

(32:18):
If you lose someone else's money and they can't recuperate, it's kind of difficult to actually ask 'em next time to pull up even a dollar.

Ryan Zomorodi (32:30):
Yeah, that's very responsible and I totally respect that as well. I always recommend for who are getting into fix and flips, do it with your own money first and make sure that you can successfully execute on a fix and flip and get that track record first so then it becomes easier to raise money from other people and you can do so with more competence and it'll just kind of just reduce the friction involved. When you are going to raise that capital, you'll feel more confident. And so I think it's wise just putting yourself in that position where you don't really need to borrow the money, but once you are getting the deals on your plate, then it's almost out of necessity. You're bringing people in to make money with you and you can do so with confidence, which is a different mindset than necessarily asking people for money.

(33:23):
It's more like, Hey, let's win together. Let's make money on this deal together. So that's really exciting. And the picture you paint is something that I know a lot of people are working towards. Let's just say you're a few years out, you've built this portfolio, you were able to leave your job. I mean, how does that compare to I guess what you're doing before what you're doing now? I know you mentioned you're working long hours. I mean, how would that lifestyle compare as far as just your day to day and your overall fulfillment with your work-life balance?

Adolfo (34:01):
Yeah, imagine we're talking about in the future if I'm able to leave my job, then what would I be doing? Maybe this will be part of what I'll be doing with the family. You get to enjoy the drama that I don't get to actually enjoy when I'm at work. But it's all good, it's all good. Coming back to what you were asking me again, just having a game plan. I think what I'm actually doing right now also is putting things in place right now, the area that you introduced me to, knowing who the players are and setting up a deal next time I want to do the same thing like you mentioned, I would like to make this thing grow up to at least 10 or more in one area because I just don't want to be going to different areas or different parts of the state.

(35:05):
Having a property here probably that just gets a little bit too cumbersome, but if I'm able to focus and obtaining in one particular area, stick to that area, and then once I meet my quarter, which I'm looking forward to being 10, then moving whether if it's in the same area to a different location or to another state, looking to have that leverage of each of those property helped me for the down payment or the purchase of another one. And I remember you asking me about what other investments that I'm doing. The other investment that actually we're doing is mortgage notes and right now I was actually thinking about this yesterday, it's like the funds that we actually do have in mortgage notes or for whatever specific time is only going to be there for that time. Then after that is to pull it out and move it into tangible properties.

(36:09):
The nice thing about mortgage notes is that yes, I don't need to deal with the tenants and stuff like that, but like I told my wife, instead of just saving the money and earning pennies and stuff, if we put in the mortgage notes, we're earning better interest rates once it allows us to save some money. Also be able to gain an income from it and then be able to at that point when it's time to consider whether to reinvest it or not is just to pull it out and be able then to purchase another home. That's so far, that's the game plan right now.

Ryan Zomorodi (36:52):
Yeah, no, I think it's fantastic to continue to grow in a certain market, especially under one manager just kind of simplifies things. Of course you can buy properties in multiple locations. You do get that geographical diversification, which some investors do appreciate. But I think if you're looking at simplifying things and just having truly a more passive experience as you scale, not to add additional complexity, then kind of just having your portfolio in an area makes a lot of sense so that you're only dealing with one manager or one market as well. So I think it's great until you get that critical mass of properties that can truly make a difference and then you're going to have a lot of options once you get to that point, which is really exciting. The cash flow from those properties can start to truly add up and you can just use that to buy more properties and as the values grow, you can do a refinance, pull that out and then use that to buy additional properties.

(37:56):
So I think it's fantastic. So really exciting. And you also have that diversity with your mortgage notes like you're doing lending as well, which is obviously another way to get into real estate on the lending side. So I think you have time, you've got options, you're doing a lot of the right things right now, so you're going to have a lot of different ways that you can grow your wealth and just continue to invest. So it sounds like you're going to be able to hit your goals well on your way to achieving that. So really just excited to be a part of that process.

Adolfo (38:31):
Staying in one location I think is the ideal thing for us right now. Leveraging each property to eventually down the road, like you mentioned, either leverage the property that we do own into a mortgage and be able to buy some additional one or be able to build out the down payment to be able to purchase some other property, leveraging having a mortgage on them and stuff like that and just continuing moving forward. That's the main reason for developing the passive rental income right now is so this way I could replace my income and then be able to move forward and utilize the income that the properties are generating and try to leverage it in other ways, whether the traditional way and putting a down payment and purchasing maybe two or three at one time, still turnkey, but eventually at that point I would like to try to start doing some more stuff it, because if I have more time on my plate, I don't just want to be doing turnkeys.

(39:45):
I would like to isolate, gain that experience and that background and analyzing property, especially when you're considering the A RV and taking a look at whether the number works out and whether doing it with a partner or leveraging private funds or more and having the team in place because without having a team in place, you can't do it. And that's I guess my greatest fear is that one, not knowing who to come to, especially in another state that I never lived in to take care of the property or develop it and stuff like that. Because sometimes I hear stories of why it's happened to individuals when they trust someone, it doesn't come through and then all the trouble that you have to go through to find somebody else to finish up the property. So I'm not looking forward to that yet, but that's part of the business. So the key thing is having, what I like about being part of your team and the community is that no matter what state you go into or you're interested, someone hopefully knows someone there and you have that introduction, warm introduction and be able to work everything else out from there.

Ryan Zomorodi (41:22):
Totally. Yeah, I mean those horror stories you're mentioning, I think they happen a lot more often than people might think. I have my own horror stories, I've had contractors lie to me steal from me, take money and not apply it to projects and say that they are send me pictures from another property that isn't even mine. There are some shady contractors out there and unfortunately you can fall victim to those kind of thing. So I completely agree, having a team in place, having the right team in place, a trusted team is arguably more important than having the right property in the right market, especially when you're doing it long distance or really at any distance. So that's really the power of the community, it's what we work on every single day to bring the right people together that are all winners helping each other. So I definitely appreciate you saying that.

(42:20):
We do really love our community and we pour into it just to make sure that we're all helping each other. We're all winning at the end of the day. So that's exciting. That's really exciting, Adolfo. Any surprises or challenges through this process? I know it is been a little bit different than what you've historically done in acquiring the rental properties that you have in another state, in a newer market. Were there any surprises along the way? Was it easier than you thought it was going to be or what you expected when you started this whole process?

Adolfo (42:55):
Actually it was the same because whether if I mention or not, I live in New York, it was the same process except that in New York you usually dealing with an attorney. In this particular state that we bought in Tennessee, we still dealt with an attorney but an escrow company. It was the same process. I figured there was going to be something different, but it was the same process. The attorney was very nice, he followed the documents electronically, we signed and everything went smoothly. I'll be honest with you, actually, it went a lot smoother than when you actually go present yourself at a conference and you already assigned for the property and all that other stuff. I was surprised it went smooth. I thought it was going to be more involved or something, but it wasn't. So that fear has gone away already. So looking forward to the next one, which is going to be smooth and something, what I realized is that the more you do it, the smoother the process gets because now you know exactly what to do to get to the end goal. Alright, which is important.

Ryan Zomorodi (44:19):
Absolutely. Yeah. Just those repetitions, you get more familiar with the process with the people you're working with. And so of course you want to be careful with every acquisition, do the right due diligence, but it just becomes more natural. It becomes more second nature, and so you're doing this again, you're in the process again, another escrow, another property that you're looking at buying. So you're well on your way to hit hitting that goal, acquiring entities and really building something meaningful. So yeah, I'm just super excited for you Adolfo, and just kind of starting to wrap things up, any advice to someone who's thinking about joining the Real Estate Skills program and leveraging our help to build their portfolio? Someone who's looking at buying one of our passive income properties? Any advice to someone?

Adolfo (45:14):
Yes, you won't go wrong in joining the team. As you could see, Ryan is one of the owners and Ryan actually, you get to actually speak to one of the owners if you need to. He'll guide, just like you've done with me, you guided me, I sent you comps, you've seen the comps, you agreed or my assessment, which makes the process easier. Some of the teams, I don't know about other teams, but Real Estate Skills, I do know they stand by the program. They'll help you out and guide you along so this way you could take off running the process was smooth.

(46:08):
I have nothing but gratitude and thank you for all your assistance and the team and Ryan, your background has been quite helpful and enjoyable and anyone that's thinking about on the fence, whether to join or not join, you're not going to go wrong, but you got to have a clear mindset as to exactly what you want to do for me, whether originally, oh, let's just do some whole setting and stuff like that. But like I said, my long hours makes it very difficult. If your mindset is that, then focus on that. If you are as busy as I am in your industry, then consider probably doing the passive rental income first and building that and getting that experience and then flourishing to other endeavors that you really would enjoy to do.

Ryan Zomorodi (47:10):
Well, I really appreciate that, Adolfo. Yeah, it's been a pleasure working with you on the first property and excited about this next one. I know it's still just the beginning and I'm very much looking forward to just continuing to help you no matter which direction you go, buying some of these passive income properties through our turnkey service or even getting more involved on the active side. When you're ready for that, we've got your back. So yeah, really appreciate the kind words, and it's been an honor to be a part of this process and really just help you A to Z through this. So we're just getting started here. We'll definitely have to have you back on after you buy this next one and probably a couple more just to recap and just see how things are going even further down the line. So really just excited to continue being a part of that process. Thanks for your time today. I know you got a lot going on, so really appreciate you taking time out of your day to share your journey and celebrate your win here with the community.

Adolfo (48:08):
Yes, thank you, Ryan, and to all have a wonderful day. Again, if you're at that fence, just get your feet wet and join us. We're looking forward to seeing everybody.

Ryan Zomorodi (48:21):
Awesome. Adolfo, thank you so much again.

(48:23):
And for anybody else who's interested in acquiring turnkey rental properties through our network or getting help building a six to seven figure Real Estate Investing business, just go to RealEstateSkills.com to get started.

*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.