Mar 7, 2016 · 20m · top-founders

The Right Way to Do Real Estate with Engelo Rumora Episode 194

Angelo Rumora · 10m spoken Nathan Latka · 8m spoken
0:00 / 0:00

gold bands on the timeline = statements, start to end. Hover to read, click to jump. CC turns on captions

In this episode of The Top, host Nathan Latka interviews real estate entrepreneur Engelo Rumora, who shares how he transitioned from high-risk property speculation to building Ohio Cashflow, a highly profitable turnkey real estate company.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Nathan holds 43.8% of the talking time here. How this is scored →

Nathan as informed peer 4.2 Guest teaching 3.8 Guest disagreement 2.2 Nathan pushing back 4.2
05100:0010:0020:001:12–4:37 · Nathan as informed peer 3/10 Introducing Guest Engelo Rumora Latka introduces Rumora with energetic banter and presses him to prove whether his early success was real. Rumora openly admits his early million-dollar portfolio was a negative cash-flow trap driven by speculation rather than smart investing.4:37–8:50 · Nathan as informed peer 5/10 Breaking Down Cash-Flow-First Investing Latka runs a live scenario of targeting $10k per month in cash flow and interrogates Rumora's early leveraging and negative monthly carry. Rumora breaks down essential line-item expenses for cash-flow investing.8:50–12:16 · Nathan as informed peer 5/10 Current Portfolio and Ohio Cashflow Business Latka challenges Rumora on not eating his own dog food when Rumora reveals he only owns three personal rental properties. Rumora counters by laying out the economics of his turnkey operation and its monthly wholesale deal profits.12:16–15:58 · Nathan as informed peer 6/10 Hustling for Bargains and Motivated Sellers Latka shares his own door-knocking hustle from college to prove his real estate chops, then questions why Rumora sells cash-flowing assets instead of keeping them. Rumora explains building an enterprise legacy versus purely accumulating personal assets.15:58–19:48 · Nathan as informed peer 2/10 Where to Connect with Engelo Rumora The segment covers where to find Rumora online, a mid-roll ad read, and the rapid-fire Famous Five questions where Rumora reflects on wanting patience over vanity early in his career.1:12–4:37 · Guest teaching 4/10 Introducing Guest Engelo Rumora Latka introduces Rumora with energetic banter and presses him to prove whether his early success was real. Rumora openly admits his early million-dollar portfolio was a negative cash-flow trap driven by speculation rather than smart investing.4:37–8:50 · Guest teaching 5/10 Breaking Down Cash-Flow-First Investing Latka runs a live scenario of targeting $10k per month in cash flow and interrogates Rumora's early leveraging and negative monthly carry. Rumora breaks down essential line-item expenses for cash-flow investing.8:50–12:16 · Guest teaching 4/10 Current Portfolio and Ohio Cashflow Business Latka challenges Rumora on not eating his own dog food when Rumora reveals he only owns three personal rental properties. Rumora counters by laying out the economics of his turnkey operation and its monthly wholesale deal profits.12:16–15:58 · Guest teaching 4/10 Hustling for Bargains and Motivated Sellers Latka shares his own door-knocking hustle from college to prove his real estate chops, then questions why Rumora sells cash-flowing assets instead of keeping them. Rumora explains building an enterprise legacy versus purely accumulating personal assets.15:58–19:48 · Guest teaching 2/10 Where to Connect with Engelo Rumora The segment covers where to find Rumora online, a mid-roll ad read, and the rapid-fire Famous Five questions where Rumora reflects on wanting patience over vanity early in his career.1:12–4:37 · Guest disagreement 2/10 Introducing Guest Engelo Rumora Latka introduces Rumora with energetic banter and presses him to prove whether his early success was real. Rumora openly admits his early million-dollar portfolio was a negative cash-flow trap driven by speculation rather than smart investing.4:37–8:50 · Guest disagreement 2/10 Breaking Down Cash-Flow-First Investing Latka runs a live scenario of targeting $10k per month in cash flow and interrogates Rumora's early leveraging and negative monthly carry. Rumora breaks down essential line-item expenses for cash-flow investing.8:50–12:16 · Guest disagreement 3/10 Current Portfolio and Ohio Cashflow Business Latka challenges Rumora on not eating his own dog food when Rumora reveals he only owns three personal rental properties. Rumora counters by laying out the economics of his turnkey operation and its monthly wholesale deal profits.12:16–15:58 · Guest disagreement 3/10 Hustling for Bargains and Motivated Sellers Latka shares his own door-knocking hustle from college to prove his real estate chops, then questions why Rumora sells cash-flowing assets instead of keeping them. Rumora explains building an enterprise legacy versus purely accumulating personal assets.15:58–19:48 · Guest disagreement 1/10 Where to Connect with Engelo Rumora The segment covers where to find Rumora online, a mid-roll ad read, and the rapid-fire Famous Five questions where Rumora reflects on wanting patience over vanity early in his career.1:12–4:37 · Nathan pushing back 4/10 Introducing Guest Engelo Rumora Latka introduces Rumora with energetic banter and presses him to prove whether his early success was real. Rumora openly admits his early million-dollar portfolio was a negative cash-flow trap driven by speculation rather than smart investing.4:37–8:50 · Nathan pushing back 5/10 Breaking Down Cash-Flow-First Investing Latka runs a live scenario of targeting $10k per month in cash flow and interrogates Rumora's early leveraging and negative monthly carry. Rumora breaks down essential line-item expenses for cash-flow investing.8:50–12:16 · Nathan pushing back 6/10 Current Portfolio and Ohio Cashflow Business Latka challenges Rumora on not eating his own dog food when Rumora reveals he only owns three personal rental properties. Rumora counters by laying out the economics of his turnkey operation and its monthly wholesale deal profits.12:16–15:58 · Nathan pushing back 5/10 Hustling for Bargains and Motivated Sellers Latka shares his own door-knocking hustle from college to prove his real estate chops, then questions why Rumora sells cash-flowing assets instead of keeping them. Rumora explains building an enterprise legacy versus purely accumulating personal assets.15:58–19:48 · Nathan pushing back 1/10 Where to Connect with Engelo Rumora The segment covers where to find Rumora online, a mid-roll ad read, and the rapid-fire Famous Five questions where Rumora reflects on wanting patience over vanity early in his career.

speaking balance: gold is Nathan, purple is the guest (3 minute bins)

0:00 · Nathan 78.6% · guest 21.4%0:00 · Nathan 78.6% · guest 21.4%3:00 · Nathan 15.6% · guest 84.4%3:00 · Nathan 15.6% · guest 84.4%6:00 · Nathan 28.5% · guest 71.5%6:00 · Nathan 28.5% · guest 71.5%9:00 · Nathan 22.5% · guest 77.5%9:00 · Nathan 22.5% · guest 77.5%12:00 · Nathan 36.7% · guest 63.3%12:00 · Nathan 36.7% · guest 63.3%15:00 · Nathan 61.6% · guest 38.4%15:00 · Nathan 61.6% · guest 38.4%18:00 · Nathan 66.9% · guest 33.1%18:00 · Nathan 66.9% · guest 33.1%
Sharpest disagreement ▶ 14:33 Rumora defends selling turnkey properties for company legacy

Rumora rejects the premise that an investor should hoard every cash-flowing asset, passionately arguing that creating jobs and helping other investors is a higher purpose than personal wealth accumulation.

Hardest push from Nathan ▶ 9:24 Host calls out guest for not eating his own dog food

Latka directly confronts Rumora with the audience's skepticism, arguing that selling turnkey properties without owning a large portfolio looks hypocritical.

Biggest teaching moment ▶ 3:42 Rumora exposes the negative cash flow illusion of equity growth

Rumora explains how paper wealth through refinanced equity hides severe monthly operating losses, educating listeners on the difference between capital appreciation hope and genuine cash flow.

Nathan holds their own ▶ 12:16 Latka shares his grassroots deal-finding strategy

Latka demonstrates real-world dealmaking expertise by detailing how he bypassed brokers in college by door-knocking tenants to reach motivated owners directly.

the scores for every segment, with the reasoning behind each
ChapterTopicNathan as informed peerGuest teachingGuest disagreementNathan pushing backWhy
Introducing Guest Engelo Rumora 3424 Latka introduces Rumora with energetic banter and presses him to prove whether his early success was real. Rumora openly admits his early million-dollar portfolio was a negative cash-flow trap driven by speculation rather than smart investing.
Breaking Down Cash-Flow-First Investing 5525 Latka runs a live scenario of targeting $10k per month in cash flow and interrogates Rumora's early leveraging and negative monthly carry. Rumora breaks down essential line-item expenses for cash-flow investing.
Current Portfolio and Ohio Cashflow Business 5436 Latka challenges Rumora on not eating his own dog food when Rumora reveals he only owns three personal rental properties. Rumora counters by laying out the economics of his turnkey operation and its monthly wholesale deal profits.
Hustling for Bargains and Motivated Sellers 6435 Latka shares his own door-knocking hustle from college to prove his real estate chops, then questions why Rumora sells cash-flowing assets instead of keeping them. Rumora explains building an enterprise legacy versus purely accumulating personal assets.
Where to Connect with Engelo Rumora 2211 The segment covers where to find Rumora online, a mid-roll ad read, and the rapid-fire Famous Five questions where Rumora reflects on wanting patience over vanity early in his career.

Statements from this episode (7)

Disclosure
Rumora lost money monthly on mortgages during early portfolio expansion
“So what nobody actually knew at the time, mate, is I was losing money On the mortgage repayments every single month. Okay. And I was hoping that my portfolio would go up in value more than I was actually losing on my monthly repayments.”
Angelo Rumora Mar 7, 2016 ▶ 3:43
Assertion Not checkable as stated
Rumora leveraged $50K into a $1.5M property portfolio in six months
“I had 1.2 million dollars in debt at the time. My portfolio was worth 1.5, something like that, and I did that in six months time.”
Angelo Rumora Mar 7, 2016 ▶ 7:31
Assertion Not checkable as stated
Rumora: Ohio Cashflow operates two offices with 10 full-time staff
“We're a multi-million dollar turnkey real estate investment company. Literally right now, mate, I've got all of my funds tied up in 20 plus real estate transactions, ok? So I've only got a handful of properties in my own portfolio because I'm busy servicing ot…”
Angelo Rumora Mar 7, 2016 ▶ 9:06
Disclosure
Rumora nets $15,000 to $20,000 annually across three personal rental properties
“Okay, look, I've got two two-bedroom, one-bathroom homes, they're getting 800 dollars per month in rent, and I've got one three-bedroom, one-bathroom home that's getting 900 dollars per month in rent. I own the property management. Yeah, 1700 per month. It's a…”
Angelo Rumora Mar 7, 2016 ▶ 10:27
Assertion Not checkable as stated
Ohio Cashflow averaged $20K to $30K net profit on January closings
“We have closed. Seven deals this year. Okay. Approximate profit after, after all expenses are taken into consideration is going to be around 20 to 30,000 dollars profit per deal.”
Angelo Rumora Mar 7, 2016 ▶ 10:55
Disclosure
Rumora: Ohio Cashflow Targets 250+ Deals in 2016
“My goal and our company's goal and my business partner's goal for this year is to do 250 plus deals.”
Angelo Rumora Mar 7, 2016 ▶ 11:27
Assertion Contradicted
Rumora acquired Australia's cheapest house by submitting daily lowball offers
“And that is how I bought Australia's cheapest house, by implementing that strategy of hustling and submitting those offers every single day.”
Angelo Rumora Mar 7, 2016 ▶ 13:17
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.