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b"In this episode, Tony Castronovo discusses how real estate investment allowed him to escape the W2 world. In addition, he described his first deal, how he completed it, how he found the time, and how he expanded into multifamily.\\n\\xa0\\nTony Castronovo, Founder & Managing Partner, is a multifamily real estate investor with over 8 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.\\n\\xa0\\n\\xa0\\n[00:01 - 10:33] Opening Segment\\nTony shares his background and how he got his start in real estate\\nConvincing his wife to withdraw their 401k and invest it in real estate\\nFinding inspiration from by his client to invest\\xa0\\n\\xa0\\n[10:34 -15:59] Cashing Out the 401k\\nUnderstanding your risk appetite\\xa0\\nWalking into a real estate brokerage wanting to buy a house\\xa0\\nLearning to invest in a property\\nBuy a single family home as a first investment\\n\\xa0\\n[16:00- 31:37] Going Into the Details of the First Deal\\nDoing the rehab work by himself\\nLearning not to buy in retail\\nMaking time to invest and balancing work and family life\\nUnderstanding what deals you want and having a checklist\\n\\xa0\\n[31:38 - 37:59] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0Learn more about Personal Capital at escapingwallstreet.com\\xa0\\nWhat is the best investment you've ever made other than your education?\\nFirst multi-family deal\\xa0\\nTony Castronovo\\u2019s worst investments\\xa0\\nSecond multi-family deal bought right before covid\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\nDon\\u2019t cut costs but focus on revenue\\n\\xa0\\n\\xa0\\n\\xa0\\nConnect with Tony Castronovo:\\nWebsite:https://novomultifamilygroup.com/\\nEmail: tony@novomultifamilygroup.com\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through\\xa0https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to\\xa0www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cSometimes we've gotta stop trying to cut our expenses to the point where we're down to the bone. And you just can't cut expenses anymore. The better option is to focus on revenue, because revenue solves a lot of problems.\\u201d - Tony Castronovo"