August 08, 2023

NEVER Let Setbacks Stop Your Success in Real Estate | Noel Parnell

52 minutes

In today's episode, we're thrilled to have a conversation with Noel Parnell who is a real estate investor based in Philadelphia who went from being a scientist and a high-level athlete to a successful real estate investor, build quite an empire in a short period of time!

We learn what it's like to stand inside that massive arena during the opening and closing ceremonies of the Olympics.

We also learn how Noel pivoted his life and his outlook after an unexpected layoff during his professional career as a scientist.

Throughout the episode, Noel shares how he got his start by knocking on doors of distressed properties and offering to buy houses. He later learned the importance of empathy when talking to homeowners and how he has transitioned from investing in single-family homes to multifamily apartment buildings to grow his net worth and achieve his goal of buying a stake in a sports team.

It's a spirited and enlightening discussion, showing that challenges and setbacks can motivate you to pursue a new path that leads to success.

Things we discussed in this episode:

How Noel started in real estate investing after getting laid off from his job as a scientist.

Initially investing in distressed properties by knocking on homeowners' doors and offering to buy their houses.

Learning the importance of empathy when talking to homeowners who were facing difficulties.

Transitioning from single-family homes to multifamily apartment buildings to grow his net worth and achieve his goal of buying a stake in a sports team.

How economic conditions have changed real estate investing strategies, more cash reserve requirements and lower loan-to-value ratios from banks.

Re-evaluating existing portfolios and concentrating on operations is a wise strategy in the current market.

Focusing on operational efficiency and cost reduction at his existing properties.

Why real estate investors need to be creative and find ways to navigate challenges.

Having an education in real estate and a clear plan is important for success.

How being layoff motivated him to pursue financial independence through real estate investing.

Get in touch with Noel:

Website - https://crowncapitalcorp.com/about-us/

Linkedin - https://linkedin.com/in/noel-parnell-83114214

Facebook - https://www.facebook.com/CrownCapitalCorp

Instagram - https://www.instagram.com/ks_investments/

Join Jason Muth of Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!

#realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #realestateinvesting

#multifamilyinvesting #creativefinancing #empathy #operations #costreduction #banklending #portfoliostrategy #recessionproof

Follow us!

Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.

The Real Estate Law Podcast on Instagram and YouTube

NextHome Titletown Real Estate on Facebook and LinkedIn

Straightforward Short-Term Rentals on Instagram

Attorney Rory Gill on LinkedIn

Jason Muth on LinkedIn

Help us Spread the Word

If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners.

Hospitality.FM

The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!

...more

View all episodes

By Airbnb Superhost Jason Muth + Rory Gill

4.9

4040 ratings