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The Best Ever CRE Show

JF410: He Lost $25,000, but Learned This Valuable Lesson #situationsaturday

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Business, Investing

4.7 • 996 Ratings

🗓️ 17 October 2015

⏱️ 29 minutes

🧾️ Download transcript

Summary

“Measure twice, cut once,” are wise words that our Best Ever guest should have adopted on a particularly sticky deal. He is known as the Real Estate Dingo, Engelo Rumora, and he is back on the show to share an unfavorable situation that could have been avoided. Engelo is a growing investor in the Ohio area with a savvy team, hear what he did wrong and how he made it right!   Best Ever Tweets: When you succeed, you are on such a high that you do not even evaluate the circumstances that made you succeed.   You do not have to scale your business at a rapid pace, if you do, you will cut before measuring twice.   Hire slowly and fire quickly.   Engelo Rumora’s background: Trying to buy back his time doing 100 hr weeks Cincinnati, Toledo, Dayton and Columbus From Australia Known as “The Real Estate Dingo” Works with many investors in Ohio Say hi to www.ohiocashflow.com     Subscribe in iTunes  and  Stitcher  so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at www.fundthatflip.com/bestever. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.7

InvestHircon is not just another real estate conference.

0:27.1

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

That's Invest Her, H-E-R-K-D-K-G-K-G-G-O-K-G-K-K-K-K-K-K-O-K-Kom,

1:00.6

Promo-Kod 100 best ever to get get $100 off your ticket.

1:05.0

You do not have to scale your business at a rapid pace because if you do, you will make mistakes.

1:10.1

You will cut instead of measuring twice before you cut and you will lose money just like I did.

1:16.0

Best ever listeners before we get into today's episode in the interview with our best ever

1:20.8

guest I want to mention Fun That Flip, because Fun That Flip is an online lender

1:26.0

that gives you fast, convenient access to really affordable money that you need for your Flip project. So if you're doing residential

1:35.0

flips then the main thing I imagine that you're focused on or the main two things

1:40.6

are the deal and the money. So if you've got the deal pipeline but

1:46.2

you need access to cash and you want to build a reputation within a group that will continue to invest their dollars into your deals then go to

1:58.6

fund that flip.com forward slash best ever the the founder of fun that flip is Matt Rodac and he's actually

2:07.1

one of my very first guests on the show it's episode number seven so if you have a chance

2:12.2

go check that out to familiarize yourself with

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