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b'Craig Napoliello, a successful real estate investor and busy professional with a W2 job, discusses his experience building his real estate portfolio of over 600 rental units in New York City and North Carolina. Craig shares his successes and mistakes along the way and how he balances his real estate investments with his day job and family commitments. He also explains how investing in bookkeepers, QuickBooks, and legal representation can help prevent delays down the road and long-term stress. He emphasizes the importance of setting high standards for partners in the business and striving to find individuals who are nine or ten out of ten. This conversation also explores how remote workers and employees from other countries can effectively expand teams without sacrificing performance or employee satisfaction. Tune in to hear more about Craig\'s experiences as a real estate investor, balancing a full-time job with investing in real estate, taking advantage of tax advantages with W2 employment, creating a supportive team environment for success, and other invaluable insights!\\n\\xa0\\n[00:02 - 11:34] Opening Segment\\xa0\\nBalancing real estate commitments with W2 and family commitments\\nMistakes Craig made along the way while building his real estate portfolio\\nInvesting in mom and pop run businesses often comes with books that are not well-kept and sloppy information\\nInvesting upfront in understanding every single penny of the ins and outs of finances\\nSetting KPIs and important ratios is essential\\xa0\\nHaving a team of partners who are nine or ten in terms of their performance is ideal\\nHiring bookkeepers, lawyers, and other experts can help save money in the long run\\n\\xa0\\n[11:35 - 21:28] Balancing Responsibilities and Finding Success\\nInvesting in the best people and paying them more than the market rate\\nFocusing on who, not how, when it comes to personnel\\nHolding partners and employees to a higher standard\\nAllocating time differently to focus on real estate investments\\nMaking a deliberate decision to invest time in real estate instead of watching TV\\nLearning about mobile home parks, being a real estate professional, and cost segregation\\n\\xa0\\n[21:29 - 26:57] Unlocking the Benefits of Real Estate Investing\\nPivoted from multi-family to mobile home park investing\\nSticky revenue and long-term vision of backstop for family\\nTax incentives for real estate professionals with bonus depreciation\\nFiling taxes together to write paper losses against W2 income\\nUsing tax strategy as additional fuel to drive real estate journey\\n\\xa0\\n[26:58 - 36:26] Closing Segment\\nCraig\'s favorite book:\\xa0Small Giants by Bo Burlingham\\nBooks by Benjamin Hardy\\n\\nTool or strategy that Craig can\'t live without: remote workers\\nThe next thing that Craig needs: a better understanding of every single penny in Craig\'s business\\n\\nQuote/s:\\n\\xa0\\n"Treating [remote workers] with a tremendous amount of respect as if they\'re a part of the business. And if that means paying them much more than the market, any of these things, it\'s well worth it." - Craig Napoliello\\n\\nConnect with Craig!\\nEmail: craig@40oaks.com\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'