#139 - How a Couple Built a 7-Condo Rental Portfolio in 5 Years
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 9 November 2020
⏱️ 58 minutes
🧾️ Download transcript
Summary
Episode #139 - This episode is an interview with Joe DelGrosso, an executive who helps make TV shows on HGTV and Netflix! While he loves the TV industry, Joe and his wife realized that they wanted more control over their future. So, they caught on to the idea of financial freedom using real estate and they've been hustling ever since! They've invested money into 7 income-producing rental condos in the last 5 years. The result is that they've got a lot of financial momentum and they're ready to buy a few more on their way to financial independence. In this interview, Joe shares details of their story.
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Transcript
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| 0:00.0 | It really is a fun industry. I've loved being in it. I still love being in it. Like I said, it takes you to places you wouldn't normally go. It's taken me to, I've been a mile deep inside the Andes Mountains on a tunnel boring machine in Peru. And I followed a magician through Europe for a show for Red Bull. Like it's, there's so many fun adventures you wouldn't normally go on at the same time and i think in every |
| 0:21.3 | industry you get to a point where you're like this isn't this isn't building me well this isn't |
| 0:25.2 | building me and out like i'm i'm locked to this income and i have to earn it every week and provide |
| 0:32.7 | and there's just no out. |
| 0:44.8 | Welcome to the real estate and financial independence podcast. |
| 0:46.4 | My name is Chad Carson. |
| 0:47.5 | You can call me coach. |
| 0:53.7 | And this is a show all about investing in real estate, achieving financial independence, and doing more of what matters. |
| 0:57.9 | Hey, everyone, welcome to the show, whether you're a new listener or a repeat listener. |
| 0:59.3 | It's great to have you here. |
| 1:02.3 | I'm looking forward to sharing an interview with you today. |
| 1:09.8 | And the title of the interview is how a couple built a seven condo rental portfolio in five years. |
| 1:13.5 | My interview is with Joe Delgrosso. He lives in Knoxville, Tennessee. |
| 1:18.7 | He and his wife and their two young twin boys live there. And he has a really interesting background. |
| 1:24.5 | He's an executive producer for TV shows. Some of the shows you've seen on HGTV and other places, |
| 1:44.5 | kind of well-known shows. He's been a part of that. That's what he does for a career. But he and his wife have transitioned while they're still working to buying rental properties on the side. In particular, they found a condo niche. So that's just been one that's worked for them in their town of Knoxville. And so in this interview, we talk about how they made the transition to actually start investing in real estate. They read rich dad, poor dad, like a lot of us have. But then how |
| 1:49.8 | they started off kind of not focusing on all the details, just getting into the game without |
| 1:54.2 | knowing everything, but then started learning more, building systems, their rental property |
| 1:58.4 | systems. We talk about how they finance their properties, |
| 2:06.4 | how they manage them, how they built a team around them, who their mentors were. So lots of great nitty-gritty details that will help any of you if you are looking to grow a rental portfolio or just |
| 2:11.2 | manage your existing rentals. But before we get into the interview, let's take a quick break |
| 2:16.4 | and hear from today's sponsor. |
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