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b"In this episode, David Friedman shares how his company was able to help customers turn their primary residences into rental properties and how to use what was generated to buy other primary residences. He discusses the obstacles that property owners may have while renting out their home and how he and his company can streamline the process so that property owners may overcome the obstacles more quickly.\\n\\n[00:01 - 06:06] Starting Knox Financial\\xa0\\nDavid\\xa0 shares about his background and his business\\xa0\\nSelling his first home and realizing down the road he could actually rent it out\\xa0\\nFinding Knox as a way for property owners to turn their homes into passive income\\n\\xa0\\n[06:07 - 10:18] Facilitating the Transaction\\nTackling financing by creating a special mortgage\\xa0\\nThere should be proof that house will be or has already been rented out\\nTake over maintenance and rent collection\\nLooking at the conversation around rate, fees, amortization\\n\\xa0\\n[10:19 - 21:53] Process of Finding Tenants\\nSigning a master lease with the owner and subleasing to the tenants\\xa0\\nHaving owners of the property on a certainty lease\\xa0\\nFinding the right insurance policy for the owners\\xa0\\n\\xa0\\n[21:54 - 27:19] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?Starting his last company Boston Logic\\n\\nDavid Friedman\\u2019s worst investments\\xa0An IPO stock he purchased\\xa0\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?Business and investing are different things but people are more important\\xa0\\xa0\\n\\n\\nConnect with David Friedman:\\nWebsite: https://app.knoxfinancial.com/\\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 own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cThe most important investing thing I've learned is that patience is generally the biggest risk mitigator out there\\u201d - David Friedman"