Scott Schindelar, a geologist turned real estate investor, shares his journey and strategies for success in real estate investing. He emphasizes the importance of leverage and using debt to grow a real estate portfolio. Scott discusses the benefits of single-family houses over apartments and the significance of location in real estate investing. He also highlights the timeline to financial independence and the role of tax mitigation in real estate investing. In this conversation, Scott discusses various aspects of real estate investing and financial freedom. He emphasizes the importance of understanding the real estate tax code and strategizing for tax savings. Scott also shares insights on the future of Airbnb and the challenges of managing short-term rentals. He highlights the significance of buying properties with positive cash flow and the myth of making money on the purchase. Scott discusses the impact of past real estate cycles and the importance of finding happiness and making an impact. He recommends staying current with books and podcasts and shares his thoughts on cryptocurrency and taking control of one's finances.
Real estate investor Scott Shindelar explains how Millennials can achieve financial freedom through leveraged rental property investing, tax strategy, and smart long-term planning.
Guest Bio:
Scott Shindelar is a former geologist turned full-time real estate investor and entrepreneur. By age 30, he had amassed over 100 residential units, co-founded a real estate coworking space and property management company, and authored The Millennial Map to Millions in Real Estate, a practical guide to building wealth through rental property investing.
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