Multifamily Insights

BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451


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Joe Cornwell was a full-time police officer from 2012-2021, He began real estate investing by doing a live-in flip in 2011-2014, he started buying rental properties in 2017. He became a real estate agent in 2016, and started a general contracting company in 2018. He has mainly focused on deep BRRRR properties on small to midsized multifamily based in Cincinnati, Ohio. He currently has around 75 doors, 5 full-time contractors, and 1 full-time assistant as employees. His company is Realty One Stop.

We talked to Joe about the importance of having a clear vision, how solving problems can create new opportunities, and how he became a real state investor while being a police officer.

Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%!

[00:01 – 04:52] Opening Segment

  • Joe talks about his background;
  • He talks about how he got into buy and hold real estate;

[04:52 – 16:30] 3x Return

  • Joe talks about his process of walking away from his day job for real estate investing;
  • Why having a clear vision and goal is crucial;
  • Different ways to make money from real estate;
  • How solving problems opened a way for Joe;
  • How being a police officer translates to real estate;
  • Joe's advice to blue collars and community service providers who would like get into real estate;

[16:30 – 27:17] An Evolving Investor

  • Joe talks about the biggest deal he closed;
  • Why it took so long for him to find a midsize deal;
  • How having a good relationship helped him close the deal he has been looking for;
  • How to structure your debt in today's high interest rate market;
  • The importance of staying aggressive in today's market;
  • What's next for Joe;

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[27:17 – 33:52] Round of Insights

Apparent Failure: Hiring the wrong contractors in his first deal

Digital Resource: Quickbooks

Most Recommended Book: Good to Great

Daily Habit: Having written goals

#1 Insight for Investing: Having really crystal clear goals will dictate how you go about accomplishing them.

Best Place to Grab a Bite in Cincinnati: Precinct

Contact Joe:

To learn more you can email Joe or click here to find him on Facebook.

Tweetable Quotes:

"Having really crystal clear goals will dictate how you go about accomplishing them!" - Joseph Cronwell

Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.

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Multifamily InsightsBy John Casmon

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