249: Unconventional Journey to Real Estate Success with Engelo Rumora

The Wake Up Call

English - May 07, 2024 10:00 - 44 minutes - 40.9 MB - ★★★★★ - 46 ratings
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Previous Episode: 248: Insights from Mateo Bervejillo's Path to Success

Next Episode: 250: Structuring Family-Owned Businesses and Real Estate Investments with Carmen Da Silva

Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

In this insightful episode, host Paul welcomes Engelo, a self-made real estate entrepreneur with a unique background. From dropping out of school at 14 to playing professional soccer in Hong Kong, and later transitioning to construction and self-development, Engelo's journey is a testament to perseverance and the pursuit of one's passions.

Engelo shares his experiences in the US real estate market, particularly in Toledo, Ohio, where he found significant investment opportunities. He emphasizes the importance of networking, in-house property management, and focusing on cash flow fundamentals.

Engelo and Paul also discussed optimizing rental management, tenant experience, and achieving a balance between business and personal life.

Key Takeaways:

Perseverance and Self-Belief: Engelo's unconventional journey highlights the power of perseverance, self-belief, and pursuing one's passions, even without formal education.

Real Estate Investment Strategies: Engelo advocates for a slow and steady approach to real estate investing, focusing on cash flow fundamentals, and considering worst-case scenarios when underwriting deals.

Tenant Experience and Customer Service Excellence: Prioritizing tenant needs, such as affordability, safety, and convenience, and continuously improving business processes are crucial for creating a positive impact on the entire business.

Work-Life Balance: Finding a balance between business demands and personal life is essential to avoid burnout and maintain a fulfilling lifestyle.

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Resources:

https://www.linkedin.com/in/engelorumora/ Follow Engelo in LinkedIn

https://ohiocashflow.com/ Engelo’s Website

https://pauldavidthompson.com/ - Real estate resources, past episodes, and information on my mastermind

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About Today’s Guest:

Engelo Rumora is a passionate real estate visionary and the co-founder and CEO of Ohio Cashflow and Oz Realty. With over 1,000 property transactions worldwide, Engelo has diversified investments in tech, crypto, stocks, and oil funds. He has received numerous accolades, including the 30under30 entrepreneurs by Anthill in 2014 and ranking #1440 on the Inc. 5000 list in 2018. Engelo's mission is to help others achieve financial freedom through real estate investing, sharing his insights through publications, podcasts, and social media. He is also committed to giving back to the community and supporting various causes and charities.