Any experience with Norada Real Estate?

[Anthony Jasmine]

I live in southern CA, and for that reason, I can't invest locally. I came across Norada Real Estate and have been absolutely blown away. Marco Santarelli, the founder has a pod cast that I've been listening to. His knowledge and ability to analyze the market is extremely impressive. I'm new to this business, and feel as if Norada can really help guide me through this for the first time. Granted, I don't plan to solely depend on them, and I'm doing my own research. I just finished Brandon Turner's book on rental properties, and plan to continue to read more.

I understand that Norada is a promoter, and prefer that given that they are agnostic in how they recommend properties. I am curious to know what the typical fees are associated with the operator they refer you to though. Is it typically a flat percentage fee based on the appraisal? What percentage of the cut is typical? 

I've seen some posts about Norada on here, but they are older and I wanted to see if anyone else has recently gone through them. If you have, I'd love to hear about your experience.

Thanks. 

[Marco Santarelli]

Hi @Anthony Jasmine — Welcome to BiggerPockets.

Thanks for your kind words and comments. I truly appreciate it, and I’m glad you’ve been impressed so far.

I’m also glad you enjoy my podcast. Educating yourself is very important, so continue to do so. And Brandon‘s book is great as well, as many others out there.

NO CHARGE. What I mean is Norada Real Estate Investments does not charge its clients anything at all. Norada does not take a partnership role or a “cut” of anything. The properties are 100% yours alone.

I’m glad you see the value of being agnostic. Not just market agnostic, but service provider agnostic. The best way to be unbiased is to not be married to anyone.

There are more current Norada posts here on BP. They're just peppered all over.

Feel free to contact one of our Investment Counselors to get as many references and testimonials as you like.  Just ask!

You can also reach out to me anytime you like. :)

Continued success!