Ep 194 Engelo Rumora a property developer who also owns Ohio Cash Flow a multi-million dollar Turnkey Real Estate Investment company based in Toledo, Ohio that specializes in providing turnkey properties in the Toledo, Dayton, Cincinnati and Columbus, Ohio markets. Listen as Nathan and Engelo talk about establishing a secure property portfolio, the art of the hustle, and why you need to keep throwing the “mud.”
Time Stamped Show Notes:
02:00 – Nathan’s introduction to today’s show
01:28 – Living as a “Recovering CEO”
02:40 – Building a $1M portfolio at a young age
03:45 – Engelo was losing money on his mortgage payments
04:50 – Optimizing real estate investments for cash flow
05:09 – Establish an end-goal? How much money do you need per month to live on your own terms?
05:39 – Every piece of property you buy needs to bring you closer to your goal
06:38 – Engelo was 23 when he started doing the real estate investment work
07:05 – Making $80K per year as a laborer
08:40 – Hope is not a strategy—it’s for people with terminal illnesses
09:30 – Talking about Engelo’s plans for his portfolio
10:13 – At this time, Engelo only has 3, residential properties
11:25 – Goal for this year is to close 250+ deals
11:45 – How Engelo finds his deals?—any means necessary
12:53 – Life is about the hustle—keep throwing mud, eventually it will stick
13:50 – Profits derived from property investors with a penchant for rentals
14:39 – It’s not about leaving a legacy, it’s about helping people
16:24 – Google Engelo Romero
Famous 5
Favorite Book? – How to Win Friends and Influence People
What CEO do you follow?— Nido Qubein
What is your favorite online tool?— HipChat
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Be more patient
3 Key Points:
Be patient.
Beware the dangers of refinancing on your property.
Hustle your ass off.
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Host Gator - Powerful web hosting made easy and affordable.
Nido Qubein – The CEO Engelo adores
HipChat -- The tool Engleo couldn't live without
Square1 and Silicon Valley Bank – The big players in venture debt
Credits
Show Notes provided by Mallard Creatives
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