ROTE 042: Tom Cafarella’s Success in Real Estate & Following Your Passion
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Before the internet you only had a few options for running a business of your own. You could start a retail business, build a service or do what most people preferred, which was get into the world of real estate investing!
There is always going to be money to be made with real estate as their is always a need for new property, housing and especially office building and retail space. It’s no wonder why entrepreneurs like Donald Trump made billions and have such a passion for real estate investing.
Another huge benefit to entering the world of real estate is that there’s no requirement for higher education. Like internet business, you get what you put in. Sure, you will need some certification for a real estate license, but the rest of your success comes down to passion and desire to succeed!
All of this and more is exactly what we are going to be talking about in the latest episode of the Rise of the Entrepreneur.
Rise of the Entrepreneur – Episode 42 with Tom Cafarella
Tom Cafarella is a successful entrepreneur and real estate investor. Through his passion for real estate, Tom has been able to create a lifestyle and business around something he enjoys, while teaching others how to do the same through his real estate investment company.
Like many of us Tom went to the usual route and went to college only to find himself in a career he was originally excited about, but then quickly hated. While working as an accountant, all Tom thought about was his passion for real estate and what he could be doing if he wasn’t stuck in his dead end job as an accountant. Soon enough Tom put is efforts and focus on his real estate dream and starting to make things happen… one small deal at a time. Once things started to come together for Tom, he grew his one man operation into a multi-person company and is now doing over 50+ deals and renovations per year in the greater Boston area.
Talking Points Discussed in this Episode:
- The process of going from 9-5 account to real estate investor
- How to find, buy, renovate and sell properties
- Average profit margins and formula for buying and selling homes
- How Tom uses the internet and social media to increase property sales
- The importance of using sites like Zillow and Trulia for real estate sales
- Three great Q&A questions for Tom in the Pit of Fire
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