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
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Became a C-Level Executive in IT before getting laid off
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Went down a dark path for 10 years, sending out 500 resumes weekly
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Real estate kept him afloat and then he committed to multifamily
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Goal is for his kid’s kids’ kids to know his name
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Thought he was great at technology, but realized real estate is where he was supposed to be
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To turn his life around, he removed all negative people from his life and got clarity on his goals through affirmations
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Found two new (virtual) mentors – Robert Kiyosaki and Sam Zell
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You can slave at 40 hours a week or take control of your own life
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An LOI is more than an offer, it’s your chance to convince the seller that you can close on the property
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Focuses on Cleveland/Akron MSA
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Conducts a weekly KPI (key performance indicator) call with property management – looks for trends in the figures
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Seeks C class assets in B areas, but primarily buys C properties in C/C+ areas
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Manage construction by providing the budget and finding contractors that can work within the budget
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Bull’s Eye Tips:
Resources:
Text “Freedom” to 202-410-4202 for a free ebook on working with brokers
Apparent Failure:
Forced him to sell everything to get into multifamily
Most Recommended Book:
10x Rule by Grant Cardone
On the Shortness of Life by Seneca
Most Recommended Digital/Mobile Resource:
Youtube
Daily Habit:
Going to the gym every morning
Wish I Knew Starting Out:
Only started real estate out of fear of losing his job, wish he had a better mindset
Wish I Knew 12 Months Ago:
How big he could expand with social media
Best Place to Grab a Bite in Cleveland:
Connect with Agostino:
Website: https://bulletproofcashflow.com/
FB/IG/LinkedIn: @BulletProofCashflow
Text “Freedom” to 202-410-4202 for a free ebook on working with brokers
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