From High School Dropout To 300+ Real Estate Deals

Replied over 5 years ago

I loved Engelo’s energy! Great podcast, highly motivational. Having parents that were immigrants, now citizens I can understand the mindset of people who come from another country and really make things happen in America.

Engelo Rumora

Replied over 5 years ago

Hi Blue, Thanks for your comment and kind words. I have found the US to be a business orientated country that offers opportunities to everyone. Thanks again and have a great day.

Christopher

Replied over 5 years ago

I would love to know how many properties you end up selling as a direct result of this show 🙂 Good stuff this time. Don’t be a wanker #tweetabletopic

Engelo Rumora

Replied over 5 years ago

Hi Christopher, Thanks for your comment. I have been overwhelmed with positive emails and messages thus far from people that have listened to the podcast. Great experience. lol “Wanker” is a word that we use quite often back home in Australia. Now when you mix it with “Bloody Wanker”. It starts to get quite serious haha Thanks and have a great day.

jeffrey Rust

Replied over 5 years ago

Engelo… Thanks mate. Great to sea some-one else here from Aust.

Engelo Rumora

Replied over 5 years ago

Thanks Jeffrey, Much appreciated. Have a great day.

Mohammed Wahid

Replied over 5 years ago

Great show Engelo. Read a lot of ur posts on the forums. Curious why you left Kansas City for Ohio? There seems to be a lot of good opportunities still out there in KC. .

Engelo Rumora

Replied over 5 years ago

Hi Mohammed, Thanks for your comment and kind words. Kansas City is a great market, like many others in the Midwest. I saw a greater opportunity present itself and decided to make the move. I also wanted to further develop myself as a Real Estate investor and gain more experience of working in multiple markets. Thanks and have a great day.

Greg Jackson

Replied over 5 years ago

Engelo, Listened today on a beautiful morning here in Boston, and all I can say is, “wow!”. Very informative and entertaining podcast. Looking forward to checking out your websites. Congrats on all your current and future success. Most impressive. Greg P.S. Brandon & Josh, terrific, keep them coming!

Joshua Dorkin

Replied over 5 years ago

Thanks Greg!

Engelo Rumora

Replied over 5 years ago

Hi Greg, Thanks for your comment and kind words. They are much appreciated. Josh and Brandon did a great job of making it a very fun interview and allowing me to be myself. Thanks guys.

Marc Trewick

Replied over 5 years ago

I enjoy your passion and common sense. I believe they’re the main ingredients to success. I would like to know if your team grows with you financially or do they receive a set salary even if they’re promoted.

Engelo Rumora

Replied over 5 years ago

Hi Marc, Thanks for your comment. We have great incentives in place where everyone can earn as much as they want as long as they make things happen. We offer some great vested interests and other perks. I never was a believer in a set base pay “burger flipper” salary. We want people to create and make things happen and off course get rewarded for their time and efforts. I always tell our team that I can’t wait for the day that someone bumps me out of my spot and starts driving more than I do. I will gladly hand over the reigns. The Bahamas are waiting for me hehe Thanks and have a great day.

stephen

Replied over 5 years ago

Engelo and BP, outstanding stuff!!!! Took a bath in the down turn, broken investment partnerships, still nursing my wounds–read losses. Still motivated and looking to buy, rehab and hold. Great inspirational podcast!!

Engelo Rumora

Replied over 5 years ago

Hi Stephen, Thanks for your comment. Haven’t we all been there. Keep the fire burning. Have a great day.

Jeff Smith

Replied over 5 years ago

Ive listened to many Bigger Pocket podcast and this is one of the most entertaining and all around best one they’ve done. Good job Engelo Rumora

Jeff Smith

Replied over 5 years ago

Ive listened to many biggerpocket podcast and this is one of the most entertaining and all around best one they’ve done. Good job Engelo Rumora and Josh Dorkin and Brandon Turner…sorry didnt mean to leave you guys out.

Engelo Rumora

Replied over 5 years ago

Hi Jeff, Thanks for your comment and kind words. This podcast has been an amazing experience and I would like to thank everyone that has reached out to me over the past 4 days. Joshy and Brandon, don’t forget to hit me up when you start doing video interviews. I have always known I had a face for radio and voice for camera hahaha Thanks guys 🙂

Frank Dortilus

Replied over 5 years ago

Great podcast as usual . Engelo was very entertaining and informative. I love the elimination question It’s a must that Institute that concept into building my brand. My question for Engelo is how is obtaining your realtor license limits you as an investor? I understand that I must disclose that I’m a realtor to whom I’m purchasing a property from, however can you please elaborate? Thanks in advance .

Engelo Rumora

Replied over 5 years ago

Hi Frank, Thanks for your comment. The elimination question has worked wonders for me over the years. Its great for weeding out the people you really don’t want being a part of your bigger picture. The biggest negative IMO with having a realtors license is that almost everything related to buying or selling would have to be disclosed and would have to be run through a broker. We have actually just agreed on terms with buying a broker that will be joining our company so this would make it easier and more on our terms. With that in place and 2 of our guys(Josh & Matt) getting their realtors licenses I don’t think its necessary for myself to get one. I don’t really have a spare 3 weeks to complete the course anyway lol Thanks and have a great day.

Brant Richardson

Replied over 5 years ago

Whoo hoo, another Kansas City investor makes it on a podcast. Well I still think of you as a KC investor anyway. Engelo, as far as I can tell, you aren’t really holding any property long term, it’s all for sale as turnkey, is that true? I need to read Think and Grow Rich about 7 more times and see if I can get my passion stirred up to Rumora level.

Brant Richardson

Replied over 5 years ago

Whoo hoo, another Kansas City investor makes it on a podcast. Well I still think of you as a KC investor anyway. Engelo, as far as I can tell, you aren’t really holding any property long term, it’s all for sale as turnkey, is that true? I need to read Think and Grow Rich about 7 more times and see if I can get my passion stirred up to Rumora level. Reply Report comment

Brant Richardson

Replied over 5 years ago

Whoo hoo, another Kansas City investor makes it on a podcast. Well I still think of you as a KC investor anyway. Engelo, as far as I can tell, you aren’t really holding any property long term, it’s all for sale as turnkey, is that true? I need to read Think and Grow Rich about 7 more times and see if I can get my passion stirred up to Rumora level.

Engelo Rumora

Replied over 5 years ago

Hi Brant, Thanks for your comment. I wouldn’t really classify myself as a Kansas City investor. More of an entrepreneur/world wide investor 🙂 I sold out of my rentals to start Ohio Cashflow. When starting a new business, having liquid capital is crucial. My strategy has always been buy and hold. I still own a few properties in Australia and have recently bought 2 for my own portfolio in Toledo and looking to add another 2 more in Dayton before the end of 2014. Home run deals pop up 3-4 times per year and I always want to have a cash surplus available to take such deals down. Thanks and have a great day.

Nicole Pettis

Replied over 5 years ago

Hi Engelo! Great show! Very informative and I ABSOLUTELY love your passion and energy! I can definitely relate to your foundation of trust, respect and integrity along with striving to do better for yourself, so you can pay it forward. My father taught me those principles and they are ones that are close to my heart. It hasn’t always been easy, because I have been burnt before and want to throw in the towel and not trust any more, but in the end it is who I am and its at my core and I don’t know how else to be. Also, I love your quote of “be willing to keep going when you don’t think you can go any longer.” Thank you for reminding me of this, because as you know it is so easy to give up. Everyday I keep focused on my end goal of being an real estate investor and think “how can I make it happen?” And as you know when you change to that mindset, you come up with all kind of solutions. Keep up the great work Engelo and keep that passion going, because people need that out there. People like you who keep striving and moving forward to accomplish their dream, while helping others achieve theirs. Take care and have a fabulous day! Nicole

Engelo Rumora

Replied over 5 years ago

Hi Nicole, Thanks for your kind words and listening to the podcast. “Make a PASSION an OBSESSION and you will never work a day in your life” Even after conducting due diligence on the people I am looking at working with, I still go into every relationship with an open mind and heart. I have no secrets and play with open cards. This approach allows the relationship to blossom to its full potential. This is the risk of Real Estate and business in general. You need to be willing to put yourself in a very vulnerable position and know that you can loose everything at any given moment. Keep rolling with the punches and stay focused on perfection. Whatever your “perfection” is. I always tell my group that everyone has a different perception on perfection. If you don’t feel 100% satisfied with what your doing and something within is bothering you that its not good enough. STOP and re-do it. Even if it takes all day and night. Keep doing it until your satisfied from within and you reach your “perfection”. Thanks again Nicole and I am very much looking forward to changing my mental figure from hitting financial targets for our business to “how many people we can assist that are in need of life’s basic amenities” targets. As the saying goes “You need to help yourself first before you can help others” Thanks and have a great day.

Engelo Rumora

Replied over 5 years ago

Hi Nicole, Thanks for your kind words and listening to the podcast. “Make a PASSION an OBSESSION and you will never work a day in your life” Even after conducting due diligence on the people I am looking at working with, I still go into every relationship with an open mind and heart. I have no secrets and play with open cards. This approach allows the relationship to blossom to its full potential. This is the risk of Real Estate and business in general. You need to be willing to put yourself in a very vulnerable position and know that you can loose everything at any given moment. Keep rolling with the punches and stay focused on perfection. Whatever your “perfection” is. I always tell my group that everyone has a different perception on perfection. If you don’t feel 100% satisfied with what your doing and something within is bothering you that its not good enough. STOP and re-do it. Even if it takes all day and night. Keep doing it until your satisfied from within and you reach your “perfection”. Thanks again Nicole and I am very much looking forward to changing my mental figure from hitting financial targets for our business to “how many people we can assist that are in need of life’s basic amenities” targets. As the saying goes “You need to help yourself first before you can help others” Thanks and have a great day.

Paul

Replied over 5 years ago

Great podcast! Several themes resonated with me, including the notion that a broader purpose (beyond pure monetary gain) can serve to accentuate one’s drive to succeed. Engelo, I’m curious as to how you structured the sell side of your business. How do you market the properties to investors and are there some marketing channels that work better for you? Stay fired up! Paul

Engelo Rumora

Replied over 5 years ago

Hi Paul, Thanks for listening to the podcast and your comment. Before Ohio Cashflow was established we spent a good 10 months pounding the concrete(as they say) with emails, cold calls, meetings, etc… The clear goal was to establish a sales channel that had the capacity to sell numerous properties every month. We have done this both nationally and internationally. These channels have been keeping us very busy and we haven’t conducted any marketing where our company would be exposed to one on one sales with single investors that directly contact us through the website. We are working with a few web gurus now to try and get a bit more exposure on the East and Coast for this purpose. This will only be temporary as once investors get to experience our product and service, word of mouth and referrals will look after the marketing by itself. I hope my comment helps. Thanks and have a great day.

Thomas

Replied over 5 years ago

Great Show! Really enjoyed the show and hearing someone from the Midwest.

Engelo Rumora

Replied over 5 years ago

Thanks Thomas, Much appreciated. Have a great day.

John Soforic

Replied over 5 years ago

Engelo, Your energy is amazing and I suspect you will ride it for a long time… I am now 50, and the fact that you are nearly half my age and listed Think and Grow Rich + How To Influence People.. as your top books is equally amazing. What a solid start. Those have been my two most valuable books throughout my life. Add just one more book to this set … Richest Man in Babylon. I read all three books annually to get back to the basics each year.

Engelo Rumora

Replied over 5 years ago

Hi John, Thanks for your comment and praise. Yes and Yes, I have also read “The Richest Man in Babylon” A few other good ones are “Man’s Search for Meaning” and “Blue Ocean Strategy” I had on my goal list for 2014 to read 20 books. I pretty much hit every target expect that one. Only 2 down lol I better hurry up with the reading 🙂 Thanks and have a great day.

Mark

Replied over 5 years ago

I’m a uk investor and this is my first time at biggerpockets – thanks Josh and Brando for an excellent show. Engelo delivers yet another excellent, informative and honest podcast. The first time I listened to Engelo on the affordable rei podcast I knew this was a honest guy who I could invest with and trust. Engelo has been professional throughout and made my first Ohio purchase run smoothly( along with Josh and Tim from Ohiocashflow. He certainly practices what he preaches. The ‘wont do business for 6 to 12 months’ just shows me this will be a long term business relations. Thanks and keep up the energy ! Ps you didn’t mention my new tenant was an ex felon 🙂

Engelo Rumora

Replied over 5 years ago

hahaha Mark, Thanks for your comment and kind words about the team. Much appreciated. I wanted to surprise you with the felon tenant when you came to visit us haha jokes 😉 It was actually for a lower end property in Dayton but after we spoke with the parole officer we didn’t feel like proceeding would be a good idea. Thanks and speak soon.

Matt Rosas

Replied over 5 years ago

Great job and advice. I played soccer too. Not pro.

Engelo Rumora

Replied over 5 years ago

Hi Matt, Thanks for your comment. Have a great day.

Travis

Replied over 5 years ago

Hi Engelo, I just listened to your podcast and it’s very motivational and entertaining – good job! It’s good to hear you’ve still got your Aussie accent too – don’t know how you do this after a few years in the States. Great to be able to put a voice to your words. All the best. Travis

Engelo Rumora

Replied over 5 years ago

Hi Travis, Thanks for your comment. Glad you enjoyed the podcast. I stress to keep the accept as it helps with opening up doors. I like to joke around with saying that if I called the White House with my accent, they would probably connect me with Barrack Obama haha Thanks and have a great day.

Gavin Peacock

Replied over 5 years ago

Engelo, your podcast was amazing! From start to finish, I loved your enthusiasm, advice, tips, and most of all, your sense of humour. Being British, I found you very easy to listen to, and could have done so all day long. Hearing “wanker” though, I was a little surprised, but Josh had great fun with it. One of my all-time heroes was Steve Irwin, and funnily enough, I just finished his biography yesterday. One dinkum Aussie to another! Ripper!! ? Come back and do another interview soon, mate.

Engelo Rumora

Replied over 5 years ago

Hi Gavin, Thanks for your comment and kind words. I do my best to stay true to myself and to stress my opinions and experiences. Its a NO BS and no hidden agenda approach. heheh Luckily I didn’t heat things up with “Bloody Wanker” haha I told the guys that I would be happy to do any other interviews and assist in anyway. Thanks mate 🙂

Kingsley

Replied over 5 years ago

Great Stuff, Thanks!

Kingsley

Replied over 5 years ago

Great Stuff, Thanks!

Engelo Rumora

Replied over 5 years ago

Thanks Kingsley

Inderpal Chadha

Replied over 5 years ago

Excellent exciting stuff and energy and passion. Relationship, trust and then business, awesome insight and wisdom from the young fired up investor. Thanks a lot.

Engelo Rumora

Replied over 5 years ago

Hi Inderpal, Thanks for your comment and kind words. One of my favorite quotes is “Make a passion an obsession and you will never work a day in your life” Keep the dream alive 🙂

ilhan

Replied over 5 years ago

WOW! Great podcast Engelo, just like all your articles I learned a lot that I will implement in my business.

Engelo Rumora

Replied over 5 years ago

Hi Ilhan, Thanks for your comment. Your kind words are much appreciated. Also, I am very glad that you have found the articles useful for your business. Thanks and have a great day.

David Rupp

Replied over 5 years ago

Hey BP and Engelo, This is my second time writing this as my stupid computer powered down with 20% battery left after I was all done. Grrrr. Anyway, I just wonted to say that this was an amazing podcast. I listened to it twice in a row, which I never do… so soon. After the second time I sent Engelo a colleague request on BP and said I loved the podcast, and would love to take him to lunch sometime and pick his brain. I ended up driving up to Toledo the next week and meeting Engelo and his girlfriend Dominique at their new office. Engelo showed me around and told me what they were going to be doing with the space, we then chatted a little and went out to get something to eat. Engelo and Dominique ended up spending two and a half hours with me, and even took me to a house they had just gotten into escrow. They answered all my questions and talked with me about how they had gotten to where they were. It was absolutely a game changer for me. It has since been a week, and while some of the “motivation” has passed, the practical advice and guidance is still moving me forward and I am streamlining my business, and making progress I never have before. Thanks again Engelo, David

Engelo Rumora

Replied over 5 years ago

Thanks David, Feel free to stop by again anytime. Keep pumping those numbers also 🙂 Have a great day.

Ndy Onyido from Toronto, Ontario

Replied about 5 years ago

@Engelo!!!! wow! I listened to this podcast today and it blew my mind…with this kind of passion and energy laced with razor-sharp focus, there is no desired height that this team will not get to………..You are simply phenomenal; like a moving train, nothing can stand in your way…. This is very inspiring and I learnt a great deal from this podcast…. I have played it twice already 🙂 @ Josh and Brandon, Keep up the good work!

Engelo Rumora Specialist from Toledo, OH

Replied about 5 years ago

Hi NDY, Thanks for listening to the podcast and your kind words. We are definitely moving and shaking and are very much looking forward to 2015. 100+ deals is our goal for next year 🙂 Thanks and have a great day.

Jordan Thibodeau Rental Property Investor from San Jose, CA

Replied about 5 years ago

Great podcast Engelo. Your show was so positively intense I had to back away from my computer because I thought my head was going to explode.

Engelo Rumora Specialist from Toledo, OH

Replied about 5 years ago

Hi Jordan, Thanks for your comment. I need to do the same thing every time I look in the mirror haha Thanks and have a great day 😉

Christian Silva Real Estate Investor from Tampa, Florida

Replied about 5 years ago

Wow, Definitely can relate to this one a fair bit! As a current professional footballer of 25 years old, I was beyond excited to hear this podcast as I am in the beginnings of my REI education. Fantastic to see someone of the same age making splashes in the business and doing so with the same energy and mindset that I’ve got. Taking the same work ethic and drive from my football and applying it to learning the ropes in REI so that I can begin acquiring properties Summer 2015. I think football really bangs in a few priceless values that can really get you ahead in this business. Especially, the competitiveness and willingness to go through a grind in order to see results. On top top of that, I think the amount of times you get your door shut in your face and the politics of professional football leave you more than prepared to smash down any doors elsewhere and succeed. Will definitely be following up on you, Engelo (Ive got your site and articles up on the next tab actually) and see how well you progress. Hitting this site and multiple learning sources hard so we can cross paths in the future as two young up and coming RE visionaries 😉 You’ve definitely got a fan in the Tampa, FL area. Josh and Brandon, you two are legends as well for this site and getting access to these valuable and diverse mentors. Huge thanks.

Engelo Rumora Specialist from Toledo, OH

Replied about 5 years ago

Hi Christian, Thanks for your detailed comment. lol – I sure do remember those shut doors and politics. I am sure you know it all but I have a quite few goodies I could share from my Hong Kong playing days… If you haven’t already check out the link below to a blog I wrote a while back for Bigger Pockets. I touch on many things that playing soccer/football helped me with in the business world. https://www.biggerpockets.com/renewsblog/2014/09/13/3-real-estate-lessons-i-learned-from-playing-professional-soccer/ Thanks and feel free to reach out anytime. Always happy to connect. Have a great day and Forza Milan haha 😉

Marilou Rey Real Estate Investor from Toronto, Ontario

Replied over 3 years ago

Hi Engelo, this is awesome. I’m doing a marathon to listen to all the podcast from number one. I can say all the podcasts are informative and inspirational but this podcast has great passion. When my son grow up (he’s 7 now) I will ask him to listen to this podcast, of course he has to read first Rich Dad Poor Dad, Think Rich Grow Rich and How to win and friends and Influence people which are my favorite books too. Though, I am in my late 40s and my husband is in early 50s we’re still a newbie how I wish I read the Rich Dad Poor Dad earlier. I’m still glad because my son will know about it early. Engelo, I’m going to check your website as we are planning to buy our 1st rental property in Toledo. We already connected with some people over there and we’re going down before the end of the month to look at properties they are offering. Best wishes in your all endeavors Engelo!! Thanks also to Josh and Brandon to this podcast and all. I signed up for free but after a while I upgrade it to pro as I feel guilty that I’m devouring biggerpockets without supporting at least financially.

Engelo Rumora Specialist from Toledo, OH

Replied about 3 years ago

Hi Marilou, I’m a bit late to reply but better late than never hehe Thanks for your kind words 🙂 Much success with your endeavors

Luis Tafolla Real Estate Investor from Rockford, Illinois

Replied almost 3 years ago

I enjoyed this show very much, this guy was great to listen to theres always great information to take away from every show!

Don Spafford Investor from Idaho Falls, ID

Replied over 2 years ago

Very cool podcast Engelo!

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BiggerPockets Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora

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BiggerPockets Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora

Read the Transcript

Listen to The Show on iTunes

Listen to the Podcast Here

Sponsor

Links from the Show:

In This Show We Cover:

Books Mentioned in the Show

Tweetable Topics

Want more articles like this?

Connect with Engelo

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BiggerPockets Podcast 370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland

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BiggerPockets Podcast 367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann

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