How to Invest in Turnkey Properties Without Getting Burned | Engelo Rumora

EPISODE 388: A lot of people get burned when they start investing in real estate...Especially when it comes to turnkey properties, which many wrongly believe are zero effort.One of the people who gut burned this way is Engelo Rumora. But he didn’t let that deter him from pursuing his goals. Instead, he learned from his mistakes, made smarter decisions in his next deals, and started helping other ambitious investors avoid the costly mistakes he made. Today, Engelo is a passionate and visionary real estate entrepreneur who has been involved in over 1000 real estate transactions worldwide. He is the co-founder and CEO of Ohio Cashflow and Oz Realty, two successful companies that offer turnkey real estate solutions and property management services to investors in the US and abroad. In our insightful interview, he shared everything you need to know about turnkey real estate investing, so check it out!Without further ado, let’s jump right in. Key Takeaways: 00:00:00 Intro00:02:13 How Engelo made his first dollar as a kid00:05:18 Why he moved from Australia to Toledo, Ohio00:08:01 Turnkey real estate00:09:18 Getting burned by turnkey properties 00:15:20 Third-party property managers and attracting good talent 00:22:40 Burnout, entrepreneurship, and meditation 00:26:30 The future of real estate investing00:29:33 Top 5 investing tips00:31:09 Outro —➡️ Reach out to Engelo Rumora:• Website: https://engelorumora.com/ ➡️ Visit https://reedgoossens.com/ and:• Invest passively in multifamily real estate • Get FREE access to my 100% Passive Real Estate Investment Masterclass• Take a look at my portfolio• Get FREE multifamily real estate resources ➡️ Follow me on social media:• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ • Instagram: https://www.instagram.com/reedgoossens/ • Facebook: https://www.facebook.com/reed.goossens/ ➡️ Subscribe to my podcast: • YouTube: @ReedGoossensREI • Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR • Stitcher: https://bit.ly/3OHHJqJ • Soundcloud: https://soundcloud.com/investing-in-the-us —Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!Follow so you never miss an episode!