John Casmon

Turn Your Life Around through Multifamily with Agostino Pintus, Episode 148

Agostino Pintus was a C-Level Executive in the IT field in his late 20s, but in his early 30s, he received a box for his efforts to pack his belongings. What followed was a 10-year downward spiral until he realized the only thing keeping him afloat was his real estate portfolio. At that point, he decided to go all in on multifamily. Over the last 20 months, he has acquired $40 million worth of multifamily in the Cleveland area as a general partner.

In today’s episode, he shares what led to the downward spiral and how he recovered, why passive income is key for working professionals, and how he manages multifamily assets.

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Key Insights

Became a C-Level Executive in IT before getting laid off
Went down a dark path for 10 years, sending out 500 resumes weekly
Real estate kept him afloat and then he committed to multifamily
Goal is for his kid’s kids’ kids to know his name
Thought he was great at technology, but realized real estate is where he was supposed to be
To turn his life around, he removed all negative people from his life and got clarity on his goals through affirmations
Found two new (virtual) mentors – Robert Kiyosaki and Sam Zell
You can slave at 40 hours a week or take control of your own life
An LOI is more than an offer, it’s your chance to convince the seller that you can close on the property
Focuses on Cleveland/Akron MSA
Conducts a weekly KPI (key performance indicator) call with property management – looks for trends in the figures
Seeks C class assets in B areas, but primarily buys C properties in C/C+ areas
Manage construction by providing the budget and finding contractors that can work within the budget