Fernando Angelucci got started in wholesaling when he was 22 years old. Five years later, he has his own wholesale business, single-family rentals, and even self-storage facilities. Fernando takes the abundance mindset to the next level and gives his referral partners 50% of the profits after each closing. Fernando has a ton of amazing and practical strategies to share! Find out how he has made such progress over the last few years on this week’s show.
Key Takeaways:
- Wholesaling is great, but it can be a transactional business.
- Fernando has a couple of business models that he uses to build wealth.
- Fernando has been interested in real estate since he was 16 years old.
- So many people live the life that someone else wanted them to live.
- What advice does Fernando have for those who aren’t happy with their current job?
- How did Fernando bridge the gap from wholesaling to single-family rentals?
- On average, Fernando was making around $5K in his wholesale deals and his investors were making $25-40K and on the rentals, they were pulling in 8-12% cap rates yearly.
- Fernando branched out from Des Moines to Indianapolis and Chicago.
- How did Fernando scale so quickly out of state?
- Fernando would provide his sellers with multiple option offers that would best suit their needs. He’d do cash offer, short-term seller finance, and a long-term seller finance offer.
- How did Fernando get involved in self-storage?
- Lenders love self-storage. They love it! Self-storage has the lowest default rates compared to any other asset class.
- Fernando shares what his first self-storage experience was like.
- Your highest expense will be property taxes.
- Close to 30% of Fernando’s wholesale deals are referral deals.
- What advice does Fernando have for creating successful partnerships?
- Fernando shares his morning routine.
Mentioned in This Episode:
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Connect with Fernando: http://titanwealthgroup.com
Tweetables:
“I’m very intrinsically motivated. I’m going to jump out of the airplane without the parachute and I’m going to build a parachute on the way down.”
“I didn’t have a lot of disposable income to hire somebody per se, but I did have time and an abundance mentality.”
“It doesn’t sound sexy. Focus on relationships. Focus on others. It always comes full circle.”
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