In this episode of the Frankly Francisco Podcast, host Francisco welcomes Michael Del Prete, a dynamic individual with a thriving career in real estate. Michael, a full-time investor based in Arizona, shares his journey from working at Verizon to becoming a successful real estate entrepreneur.

Michael emphasizes the importance of leveraging other people's resources, using the IDEAL investment acronym (Income, Depreciation, Equity, Appreciation, Leverage). He sheds light on how he collaborates with high-income individuals, allowing them to provide funds while he brings his expertise to the table.

The discussion delves into Michael's strategies for dealing with distressed properties, finding opportunities in both sub-markets and localized markets. He demystifies the process of using other people's money in real estate, highlighting the value of joint ventures.

The episode explores Phoenix's real estate landscape, challenging common misconceptions about the city being just a desert. Michael reflects on the booming real estate market in Phoenix, emphasizing its appeal to high-income individuals and the diverse opportunities available.

Closing the conversation, Michael shares insights on maintaining a strong reputation in the real estate industry and the importance of doing good business. The episode provides valuable insights for listeners interested in real estate investment, showcasing Michael's expertise and passion for the industry.

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