Multifamily Insights: BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451

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    Welcome to Target Market Insights. A podcast to help real estate investors navigate neighborhoods through the lens of local experts. In each episode, we speak to local specialists to learn about their market, useful tips, and the latest trends and developments. This show is designed to help you with the insights you need to win your target market.

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    2. BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451

    BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451

    Nov 11, 2022

    Joe Cornwell was a full-time police officer from 2012-2021, He began real estate investing by doing a live-in flip in 2011-2014, he started buying rental properties in 2017. He became a real estate agent in 2016, and started a general contracting company in 2018. He has mainly focused on deep BRRRR properties on small to midsized multifamily based in Cincinnati, Ohio. He currently has around 75 doors, 5 full-time contractors, and 1 full-time assistant as employees. His company is Realty One Stop. 

    We talked to Joe about the importance of having a clear vision, how solving problems can create new opportunities, and how he became a real state investor while being a police officer.

    Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%!

    [00:01 – 04:52] Opening Segment 

  • Joe talks about his background;
  • He talks about how he got into buy and hold real estate;
  • [04:52 – 16:30] 3x Return

  • Joe talks about his process of walking away from his day job for real estate investing;
  • Why having a clear vision and goal is crucial;
  • Different ways to make money from real estate;
  • How solving problems opened a way for Joe;
  • How being a police officer translates to real estate;
  • Joe’s advice to blue collars and community service providers who would like get into real estate;
  • [16:30 – 27:17] An Evolving Investor

  • Joe talks about the biggest deal he closed;
  • Why it took so long for him to find a midsize deal;
  • How having a good relationship helped him close the deal he has been looking for;
  • How to structure your debt in today’s high interest rate market;
  • The importance of staying aggressive in today’s market;
  • What’s next for Joe;
  • Announcement: Download Our Sample Deal and Join Our Mailing List

    [27:17 – 33:52] Round of Insights

    Apparent Failure: Hiring the wrong contractors in his first deal

    Digital Resource: Quickbooks

    Most Recommended Book: Good to Great

    Daily Habit: Having written goals

     #1 Insight for Investing: Having really crystal clear goals will dictate how you go about accomplishing them.

     Best Place to Grab a Bite in Cincinnati: Precinct

    Contact Joe:

    To learn more you can email Joe or click here to find him on Facebook. 

    Tweetable Quotes:

    “Having really crystal clear goals will dictate how you go about accomplishing them!" - Joseph Cronwell

    Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

    © 2021 John Casmon

    Multifamily Insights: BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451
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