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