Creating financial Freedom: The Power of STR Investments with Michael Porche | Prereal Podcast #166

PreReal Podcast

EPISODE SUMMARY: Can transitioning from a regular nine-to-five job to real estate investment be a feasible way to provide for your family? Listen in as we discuss this fascinating concept with Michael Porche, a brave visionary who transitioned from firefighting to real estate investing. He shares his challenging journey and the sacrifices he made to chart an alternative career path that allowed his wife the freedom to stay home with their daughter. What does it truly mean to define one's life vision and measure of success? We delve into this concept, exploring the art of breaking down big goals into achievable targets and establishing daily habits to chart the path to success. We also discuss the importance of finding the right coach to guide you through this journey. Michael helps us uncover the tools and resources available in the real estate space, teaching us that investing in real estate doesn't have to be a daunting task. MICHAEL'S BIO: Michael Porche is a Short Term Rental owner & investor, founder of STR Legacies, LLC and founder of Escape and Stay Property Management. Michael helps educate real estate investors on how to acquire STRs, as well as how to self manage their properties. Michael started off as a Fire Fighter for the city of San Diego. He loved his job; it was his dream job. However, he quickly found that he was sacrificing too much time away from his family to provide for them. So he asked himself " What is the best way to create passive income?" This is when he discovered Real Estate investing, specifically in the growing market of Short term rentals. As an STR practitioner, Michael provides his coaching and education services to anyone looking to build their legacy through Real Estate investing. "Your Freedom is just one STR away!" Get in touch with Micheal: www.strlegacies.com www.michaelporche.com EPISODE CHAPTERS: (0:00:00) - From Firefighter to Real Estate Michael Porsche transitioned from fireman to real estate, sacrificing to provide for his family and gain the necessary vision and knowledge. (0:09:53) - Define Life Vision and Success We discuss goal setting, coaching, and real estate investments to achieve life goals. (0:19:44) - Investing in Disneyland-Like Properties Investing in Disneyland properties for high demand, revenue growth, and cash on cash return, leveraging local attractions and teams on the ground. (0:31:49) - Expanding Management Company and Avoiding Arbitrage Constructing a team to broaden a management company, traditional homeownership and arbitrage opportunities, maximizing revenue, examining market occupancy rates, and zoning are discussed. For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call [phone]. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal