Real estate investor Engelo Rumora shares the exact unit breakdown, rental income, and net annual returns of his personal property portfolio.
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“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 around, look, around a 15 to 20,000 dollar net return every, every year.”
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More from Angelo Rumora
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 RumoraMar 7, 2016▶ 3:43The Right Way to Do Real Estate with Engelo Rumora Episode 194
AssertionNot 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 RumoraMar 7, 2016▶ 7:31The Right Way to Do Real Estate with Engelo Rumora Episode 194
AssertionNot 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 RumoraMar 7, 2016▶ 10:55The Right Way to Do Real Estate with Engelo Rumora Episode 194
AssertionContradicted
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 RumoraMar 7, 2016▶ 13:17The Right Way to Do Real Estate with Engelo Rumora Episode 194
AssertionNot 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 RumoraMar 7, 2016▶ 9:06The Right Way to Do Real Estate with Engelo Rumora Episode 194
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 RumoraMar 7, 2016▶ 11:27The Right Way to Do Real Estate with Engelo Rumora Episode 194
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