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b'How can you successfully tackle distressed real estate investing when so many others fail?\\n\\xa0\\nNoel Parnell shares his journey from getting started with distressed real estate investing to now owning over 400 units. He provides specific tactics on how he was able to rehab properties down to the studs, manage contractors effectively, and scale his portfolio.\\n\\xa0\\nNoel Parnell, a Philadelphia native, has been interested in real estate for as long as he can remember. Always a visionary, Noel recognized an entry point into the field that he had once dreamed about during the peak of the 2007 Great Recession. What was a loss for some, was the launchpad for a dynamic and fulfilling career. Noel\\u2019s initial work was focused on rehabilitation. Relying on his strong work ethic, an intimate knowledge of his hometown and an innate business savvy, Noel acquired severely distressed properties and transformed them into beautiful homes.\\n\\xa0\\nDuring this period, Noel\\u2019s childhood interest changed into his passion. He became a dedicated student of the business of real estate, learning both through traditional study and hands-on practical experience. To date, Noel has engaged in over 100 real estate transactions in the United States and abroad. He has amassed a portfolio of over $6 million, which includes undeveloped/underdeveloped land, single and multifamily units as well as commercial properties. Prior to the takeoff of his real estate career, Noel worked as a scientist for GlaxoSmithKline as well as in program management for several prominent pharmaceutical companies. He was a member of the 2008 Olympic team for the US Paralympic Team. He is an avid runner, swimmer, cross fitter, jiu-jitsu and Muay Thai athlete. Noel has successfully leveraged the discipline, creativity and organization skills developed during these experiences to inform his current business strategy.\\n\\xa0\\n(00:03:10 - 00:05:53) Opening Segment\\n\\xa0\\nNoel was motivated to invest in real estate after losing his job in the 2008 financial crisis.\\nHe started knocking on doors of distressed properties, trying to help homeowners avoid foreclosure.\\nIt took 3 years of persistence before he got his first deal.\\n\\xa0\\n (00:05:54 - 00:09:25) House Hacking and Learning Construction\\n\\xa0\\nNoel house hacked a distressed property he bought from a retiring landlord.\\nA bad contractor experience motivated him to learn construction himself.\\nHe studied real estate and construction books at the library to gain knowledge.\\n\\xa0\\n(00:09:26 - 00:16:56) Managing Contractors and Crews\\n\\xa0\\nNoel takes accountability when contractors underperform instead of blaming them.\\nHe learns about his crew\'s culture and schedules to lead effectively.\\nFollowing detailed processes and check-ins keeps projects on track\\n\\xa0\\n(00:16:57 - 00:22:29) Pivoting from Distressed to Multifamily Investing\\n\\xa0\\nNoel fixed up about 95% of his 136 doors.\\nHe pivoted to multifamily to increase net worth faster.\\nHe still buys distressed properties for his son\'s portfolio.\\n\\xa0\\n(00:22:30 - 00:29:00) Closing segment\\n\\xa0\\nBest deal: A 20 unit complex in Houston, Texas\\nWorst deal: A house flip\\nTop lesson learned: Never accept the No from someone who doesn\\u2019t have the power to tell you Yes.\\n\\xa0\\nQuotes:\\n\\xa0\\n"Never accept the No from someone that doesn\\u2019t have the power to tell you Yes." - Noel Parnell\\n"When contractors underperform, it\'s on me to hire them." - Noel Parnell\\n\\xa0\\nConnect with Noel:\\n\\xa0\\nWebsite:\\nhttps://crowncapitalcorp.com/\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'