Today we have Tony Castronovo in the show. Tony is the Founder & Managing Partner, is a multifamily real estate investor with over 7 yrs of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, and operations, asset management, and overall asset strategy implementation. Mr. Castronovo is also a seasoned management consultant, utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.
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During this episode, you will learn about:
[00:04] Episode introduction and guests' quick bio
[01:38] A bit about Tony Castronovo and how he started in real estate
[05:31] Navigating through the W-2 job he had at the time of getting into real estate
[09:42] A journey through one of Tony’s deals
[16:41] Why he decided not to hold the property for long term
[18:45] What is property refinancing and its benefits
[20:59] Why he chose solo investment over a partnership on the property
[24:07] Approximated downpayment and renovation fees before investing in multifamilies
[28:05] How Tony has been balancing his life and still keeping family and business thriving
[32:23] With limited time, how can you start a real estate business like Tony’s
[33:36] How you can strengthen your traction and achieve even more
[36:02] With just $100, how would Tony leverage it to make money ASAP!
[39:26] The best moonlighting book that Tony recommends
[41:46] How you can reach out and connect with Tony
Notable Quotes:
- Proximity is power.
- It’s not about who you know, but who knows you.
- People don't care how much you know until they know how much you care.
Resources Mentioned:
Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan & Benjamin Hardy: https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151
Giftology: The Art and Science of Using Gifts to Cut Through the Noise, Increase Referrals, and Strengthen Retention by John Ruhlin: https://www.amazon.com/Giftology-Increase-Referrals-Strengthen-Retention/dp/1619614332
