Mastering Real Estate Investment and Turnkey Strategies with Scott Stanfield on Walk in Victory
Mastering Real Estate Investment and Turnkey Strategies with Scott Stanfield on Walk in Victory
In this episode of the Walk in Victory podcast, host NaRon Tillman dives into the world of real estate investment with guest Scott Stanfield, a research...
Mastering Real Estate Investment and Turnkey Strategies with Scott Stanfield on Walk in Victory
In this episode of the Walk in Victory podcast, host NaRon Tillman dives into the world of real estate investment with guest Scott Stanfield, a research scientist turned full-time investor. Broadcasting from Queens, New York, the discussion offers valuable insights into the disciplines needed for successful real estate investing, focusing on turnkey rental properties. Stanfield shares his journey from academia to real estate, emphasizing the importance of having a structured plan, understanding market cycles, and managing risks. He also discusses the significance of proper business structuring, the role of trusts in estate planning, and his approach to both starting and scaling a real estate portfolio. Additionally, the importance of continuous learning, reading, and adapting strategies based on economic indicators is highlighted to provide listeners with a comprehensive guide to achieving success in real estate.
00:00 Introduction to Walk in Victory Podcast
00:36 Host NaRon Tillman Takes the Mic
00:46 Economic Insights and Market Reactions
02:59 Introducing Financial Expert Scott Stanfield
03:36 Scott's Journey: From Research Scientist to Real Estate Investor
05:17 Understanding Turnkey Real Estate Investing
09:32 Navigating Market Cycles and Economic Indicators
22:28 Structuring Your Real Estate Business
27:38 Understanding the Benefits of Ownership
28:09 The Importance of Asset Separation
29:11 Purchasing Property and Title Transfers
29:30 Conventional vs. Non-Conforming Loans
31:54 Using Trusts for Property Ownership
38:51 Lessons from the Real Estate Bubble
45:45 Starting Out in Real Estate Investing
49:41 Final Thoughts and Book Recommendations
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Scott Stanfield
Visionary investor and entrepreneur
About Scott Stanfield
My name is Scott A. Stanfield. I’m an entrepreneur and visionary investor with a robust foundation in both the scientific and business realms. My career has evolved from being a dedicated research scientist to a full-time investor and entrepreneur. This journey reflects my relentless pursuit of knowledge, innovation, financial expertise, and ultimately, financial freedom.
My Professional Journey
My professional path began with earning a PhD in Engineering, leading to fifteen years as a Research Scientist at Innovation Scientific Solutions, Inc., and the Air Force Research Laboratory in Dayton, Ohio. published fourteen scientific journal articles and presented over thirty papers at various scientific conferences on a wide range of topics related to aerospace and physics, including hypersonic fluid dynamics – flight and ground-based testing – the development of advanced diagnostics and algorithms, and the characterization of plasma discharges. I received multiple awards for my contributions.
However, my curiosity and passion for deep learning and innovation extended beyond engineering, leading me to work towards understanding and optimizing investment strategies primarily motivated by retirement planning, which quickly grew into much more. In 2010, I ventured into real estate as a side investment, starting with a single-family home and then expanding into luxury condos in downtown Cincinnati, Ohio. I made plenty of mistakes, and fortunately, none were catastrophic. My response was to develop a business plan with processes to red… Read More
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