Dec 17, 2019
Agostino Pintus was a C-Level Executive in the IT field in his late 20s, but in his early 30s, he received a box for his efforts to pack his belongings. What followed was a 10-year downward spiral until he realized the only thing keeping him afloat was his real estate portfolio. At that point, he decided to go all-in on multifamily. Over the last 20 months, he has acquired $40 million worth of multifamily in the Cleveland area as a general partner. In today’s episode, he shares what led to the downward spiral and how he recovered, why passive income is key for anyone with a day job, and how he manages his assets.
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Key Insights
- Became a C-Level Executive in IT before getting laid off
- Went down a dark path for 10 years, sending out 500 resumes weekly
- Real estate kept him afloat and then he committed to multifamily
- Goal is for his kid’s kids’ kids to know his name
- Thought he was great at technology, but realized real estate is where he was supposed to be
- To turn his life around, he removed all negative people from his life and got clarity on his goals through affirmations
- Found two new (virtual) mentors - Robert Kiyosaki and Sam Zell
- You can slave at 40 hours a week or take control of your own life
- An LOI is more than an offer, it’s your chance to convince the seller that you can close on the property
- Focuses on Cleveland/Akron MSA
- Conducts a weekly KPI (key performance indicator) call with property management - looks for trends in the figures
- Seeks C class assets in B areas, but primarily buys C properties in C/C+ areas
- Manage construction by providing the budget and finding contractors that can work within the budget
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Bull’s Eye Tips:
Resources:
Text “Freedom” to 202-410-4202 for a free ebook on working with brokers
Apparent Failure:
Forced him to sell everything to get into multifamily
Most Recommended Book:
10x Rule by Grant Cardone
On the Shortness of Life by Seneca
Most Recommended Digital/Mobile Resource:
Youtube
Daily Habit:
Going to the gym every morning
Wish I Knew Starting Out:
Only started real estate out of fear of losing his job, wish he had a better mindset
Wish I Knew 12 Months Ago:
How big he could expand with social media
Best Place to Grab a Bite in Cleveland:
Connect with Agostino:
Website: https://bulletproofcashflow.com/
FB/IG/LinkedIn: @BulletProofCashflow
Text “Freedom” to 202-410-4202 for a free ebook on working with brokers
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