BRRRR to Financial Freedom with Joseph Cornwell, Ep. 451

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.

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[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

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