This is an LFI episode and LFI is now part of PassivePockets.
Join us on “Passive Investing from Left Field” as we dive into an enlightening conversation with Michael Sarracini, a seasoned real estate investor and former boy band member turned entrepreneur. Discover Michael’s unique journey from pop stages to property pages and learn how he leverages the three core investing streams to achieve financial freedom. Don’t miss out on his valuable insights into transforming your real estate investments from active hustles to passive income streams!
About Michael Sarracini
Michael Sarracini is an award-winning entrepreneur and real estate investor. Starting over 20 years ago as a university student with nothing but debt and the drive to succeed, he turned a small government loan into a multimillion-dollar real estate empire that allowed him to retire at 25. With his new freedom he then explored other industries including television, ecommerce, real estate development & private education.
Today Michael is CEO of Keyspire and Chairman of The Sarracini Group. He focuses on adding value to people through personal development and education as well as adding value to land through strategic partnerships and development.
Michael’s team has trained more than 100,000 real estate investors and helped them generate tens of millions of dollars in net worth.
As an entrepreneur, he has won multiple business awards for business growth, sales revenue and employee satisfaction, and in 2016 he led the #1 fastest-growing consumer business in the country.
Michael supports his business growth through strong leadership, solid business practices and community involvement.
Michael believes in, and invests heavily in, his personal growth and personal development.
He believes strongly in community involvement and sits on the board of directors and the leadership committee for the Children’s Foundation.
Michael lives with his wife and two boys just outside of Toronto, Canada. He loves to spend time with his family swimming, mountain biking, hiking, BBQing and loves hosting big family dinners. He also enjoys scuba diving and playing squash.
Michael’s ultimate goal is to help his partners and his students maximize both their profits and their purpose so they can live enriched
and fulfilling lives.
Key Points From The Episode:
1. Michael Sarracini discusses his transition from active to passive real estate investing and outlines his three investing streams: property ownership, private lending, and private equity.
2. Key strategies include the BRRRR method and ‘flipping to yourself,’ which involve refinancing properties to pull out equity while retaining cash flow.
3. Sarracini emphasizes the importance of lifestyle design in investment planning, aiming for passive income to match and exceed personal living expenses.
4. The episode highlights the significance of health and wellness in achieving overall life success, echoing Michael’s belief that “health is the new wealth.”
Timestamps:
01:57 His background
07:25 Boss mindset leading to real estate
10:57 Transitioning from active to passive real estate
18:57 Three investing streams
22:36 Income vs. appreciation
26:57 Finding the right individual path to financial freedom
29:50 Podcast recommendation
31:43 Contact
33:33 Thank you
Podcast Recommendations:
Dr. Huberman Podcast
Peter Attia
Resources Mentioned:
Contact the guest:
LinkedIn
Instagram
Facebook
YouTube
Advertising Partners:
Rust Belt Capital