The Right Way to Do Real Estate with Engelo Rumora Episode 194

Published: March 7, 2016, 4 p.m.

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 \u201cmud.\u201d

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Time Stamped Show Notes:
02:00 \u2013 Nathan\u2019s introduction to today\u2019s show
01:28 \u2013 Living as a \u201cRecovering CEO\u201d
02:40 \u2013 Building a $1M portfolio at a young age
03:45 \u2013 Engelo was losing money on his mortgage payments
04:50 \u2013 Optimizing real estate investments for cash flow
05:09 \u2013 Establish an end-goal? How much money do you need per month to live on your own terms?
05:39 \u2013 Every piece of property you buy needs to bring you closer to your goal
06:38 \u2013 Engelo was 23 when he started doing the real estate investment work
07:05 \u2013 Making $80K per year as a laborer
08:40 \u2013 Hope is not a strategy\u2014it\u2019s for people with terminal illnesses
09:30 \u2013 Talking about Engelo\u2019s plans for his portfolio
10:13 \u2013 At this time, Engelo only has 3, residential properties
11:25 \u2013 Goal for this year is to close 250+ deals
11:45 \u2013 How Engelo finds his deals?\u2014any means necessary
12:53 \u2013 Life is about the hustle\u2014keep throwing mud, eventually it will stick
13:50 \u2013 Profits derived from property investors with a penchant for rentals
14:39 \u2013 It\u2019s not about leaving a legacy, it\u2019s about helping people
16:24 \u2013 Google Engelo Romero

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Famous 5
Favorite Book? \u2013 How to Win Friends and Influence People
What CEO do you follow?\u2014 Nido Qubein
What is your favorite online tool?\u2014 HipChat
Do you get 8 hours of sleep?\u2014 No
If you could let your 20 year old self know one thing, what would it be?\u2014Be more patient

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3 Key Points:
Be patient.
Beware the dangers of refinancing on your property.
Hustle your ass off.

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Resources Mentioned:
Edgar \u2013 Nathan uses Edgar instead of other scheduling tools\xa0for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over \u2013 time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn\u2019t have to work or pay for.
Host Gator - Powerful web hosting made easy and affordable.
Nido Qubein \u2013 The CEO Engelo adores
HipChat -- The tool Engleo couldn't live without
Square1 and Silicon Valley Bank \u2013 The big players in venture debt

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Credits
Show Notes provided by Mallard Creatives

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