Self-storage is something that we have not been able to come around in the podcast for some time. Now, our great guest Fernando Angelucci tells us ALL about the business. After earning 150 million in the span of three years, you definitely don’t want to miss the telling of his journey.
In this episode, we cover:
- Son of two immigrants from Brazil, good grades, hard work and retiring with a pension was expected of him throughout his life. He only had three options, according to his parents: attorney, doctor, and engineer… and he went for the latter before he got started in Real Estate! One day, his teacher gave him a copy of Rich Dad Poor Dad and his life changed forever.
- As an immigrant, you may be wondering… how did he get so much capital to invest? Fernando tells us this funny story about how he applied for 64 credit cards in the middle of the night, to get 12 of them approved!
- What else do you need in order to succeed? While people seem to think that Fernando is a risk-taker, he is actually risk-averse. As an engineer, assessing and analyzing were the foundations of his moves. He first had to understand what was going on around him before he even took a step!
- Once fear shows up, most people tend to only focus on the fear and not the positives surrounding them. So… how do we fight it? Well, Fernando puts it this way: what’s the best-case scenario? What’s the WORST-case scenario? And most importantly, what is the most likely scenario to occur? It helps redirect your brain to start thinking about problems logically.
- DID YOU KNOW? Fernando first started off wholesaling the self-storage units to mitigate risk.
- Not satisfied? Don’t worry. Stay tuned for part two next week!
Fernando Angelucci worked for Dow Chemical, a Fortune 50 business, where he helped launch a flagship product that generated $1 billion in global sales. When he was 23 years old, Fernando began working in real estate, specializing in residential rentals and wholesale. Fernando then went on to develop a Midwest-wide portfolio of multifamily rental properties. Fernando and the crew sold their residential real estate holdings to concentrate on self-storage in order to be ready for the upcoming economic downturn.
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Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat