In this captivating episode, Suja interviews Engelo Rumora, a former professional soccer player turned Real Estate investor who has built a successful business in Toledo, Ohio. Despite quitting school at the age of 14, Engelo’s passion, hard work, and determination have led him to flip over a thousand properties and establish a thriving property management company. He shares his journey, the challenges he faced, and the lessons he learned along the way. Engelo also discusses his investment philosophy, the importance of sticking to what you know, and the value of creating a business that serves a greater purpose than just personal gain.

Engelo Rumora is a prominent real Estate executive, investor, and CEO, known for his remarkable achievements in real estate investments, as well as his diverse entrepreneurial ventures spanning various industries. With a global portfolio encompassing countries such as the Bahamas, Croatia, Japan, Australia, and the USA, he has demonstrated a comprehensive understanding of investment strategies. Engelo’s expertise extends beyond real estate to include tech, Crypto, stocks, and oil funds. He is the driving force behind several successful companies, primarily in the real estate sector, having experienced both setbacks and triumphs. Engelo’s enduring commitments are Ohio Cashflow, a leading turnkey property provider, and Oz Realty, a renowned property management firm. His career has seen involvement in over 1,000 real estate transactions, including flips and buy-and-holds.

[00:00:00] – [00:04:00] From Soccer Pitch to Real Estate Riches

– Engelo’s journey from quitting school at 14 to become a professional soccer player

– The decision to leave soccer and start a new career in real estate

– Building a portfolio in Australia and the challenges faced

[00:04:00] – [00:09:00] Discovering the Toledo, Ohio Market

– Why Engelo chose to invest in Toledo, Ohio

– The benefits of investing in a tertiary, niche market

– Explaining the business model of flipping and property management

[00:09:00] – [00:14:00] Mastering the Art of Property Management

– The initial struggles and mistakes made in property management

– Streamlining processes and incorporating Technology to improve efficiency

– The importance of having in-house property management for a successful turnkey business

[00:14:00] – [00:19:00] Investing Beyond Real Estate

– Engelo’s experiences investing in various markets worldwide

– The advantages of investing in the U.S. compared to other countries

– Diversifying investments while maintaining a focus on core competencies

[00:19:00] – [00:25:00] The Purpose Behind the Grind

– Engelo’s semi-Retirement at 28 and the realization that material possessions don’t bring happiness

– Doing business for the benefit of family and loved ones

– The importance of having a purpose greater than oneself to stay motivated

Quotes:

“Food and shelter are the two most important things to humanity. So for as long as Elon Musk doesn’t send us to Mars, people are always going to need a roof over their head.” – Engelo Rumora

“If you do things for you, you will eventually let yourself down because you aren’t enough to continue the grind. But if you do things for someone else that’s blood related or a bigger purpose than yourself, you won’t give up.” – Engelo Rumora

Connect with Engelo:

Website: https://ohiocashflow.com/

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at sujata@luxe-cap.com

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Most Recent Episodes

May 30, 2024

498. The Habit of Giving: Building a Life of Purpose and Satisfaction with Bharat Kona

How can adopting a mindset of giving and gratitude transform your life and help you achieve your goals?   In this segment of Mindset Shorts, host Suja welcomes back guest Bharat Kona to discuss the...

Listen · 10:53

May 27, 2024

497. The Power of Positive Self-Talk in Achieving Financial Freedom with Igor Shaltanov

How can adopting the right mindset and discipline help you achieve financial success through real estate investing?   In this segment of "Investing and Mindset Shorts," Suja welcomes back Igor...

Listen · 13:19

May 23, 2024

496. The Power of Clarity, Discipline, and Execution in Achieving Your Goals with Vinicius Ramos

How can investing in your Personal Development and mindset transform your journey towards achieving your goals and creating a fulfilling life?   In this episode of Mindset Shorts, host Suja welcomes...

Listen · 11:11

Load More Episodes

Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

​

By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.