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4 episodes with tony castronovo
3 episodes with tony castronovo
2 episodes with tony castronovo
2 episodes with tony castronovo
2 episodes with tony castronovo
Investor Fuel Real Estate Investing Mastermind - Audio Version
In this conversation, John Harcar and Tony Castronovo discuss the importance of living an intentional life by design, particularly in the context of real estate investing. Tony shares his journey from starting in real estate to transitioning into multifamily investments, highlighting the challenges and lessons learned along the way. They delve into the significance of education, financial clarity, and the role of a fractional CFO in achieving financial freedom. The discussion emphasizes the need for a strategic approach to investing and the importance of aligning personal goals with professional endeavors. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind: Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply Investor Machine Marketing Partnership: Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com Coaching with Mike Hambright: Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform! Register here: https://myinvestorinsurance.com/ New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club —--------------------
In this episode of the Small Axe Podcast, hosts Nico Salgado and Tony Castronovo dive into the world of multifamily deals, coaching courses, and even share their experiences of running in blizzards. Join them as they discuss valuable insights and stories that will inspire you to take action towards your own real estate goals. Tune in for an engaging conversation filled with practical tips and motivation to help you navigate the world of real estate investing.
Welcome to the latest episode of the Small Axe Podcast! In this episode, Nico Salgado engages in a captivating conversation with the esteemed Tony Castronovo, marking Tony's third appearance on the show—a testament to his unique insights. The episode begins with a nostalgic reflection on their previous encounters in late 2021 and the beginning of the year. Tony delves into his recent experiences in the multifamily real estate sector, highlighting a slowdown in transaction volumes. He shares the journey of a specific property deal, from initial challenges to eventual success in acquiring a 257-unit Class A property in Houston, Texas. Here's a breakdown of what to expect in this episode: Navigating Unpredictable Elements in Real Estate Deals Insights into HUD Loans and Energy Efficiency Requirements Closing Real Estate Deals Amidst Shifting Lender Dynamics Tony's Coaching Program: Empowering Entrepreneurs and Business Owners Financial Clarity and Profitability: The Profit First Method And so much more! About Tony Castronovo: Tony Castronovo is the founder and managing partner of Novo Multifamily Group and Novo Investments, specializing in multifamily real estate investments primarily in Texas and Oklahoma markets. With a comprehensive background in real estate, including single-family rental properties and construction, he has managed acquisitions, underwriting, negotiations, due diligence, syndication, capital raising, renovations, operations, and asset management across a portfolio of over 1,150 units. Tony's experience extends to management consulting, with over two decades of advising clients on project portfolio investment management. Connect with Tony Castronovo on… Website: https://novomultifamilygroup.com LinkedIn: https://www.linkedin.com/in/tonycastronovo Email: tony@novomultifamilygroup.com Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH
This week we are joined by the Founder of Novo Multifamily Group and Novo Investments: Tony Castronovo, and investor from Texas with a background in construction and engineering. In this episode Tony breaks down how he found his way into investing, why he focuses on investor relations now, and the importance of not only finding people to help you (aka the Who in Who Not How), but also how to be the person for someone else. Referenced in this Episode: Who Not How by Dan Sullivan How to Reach Tony: tony@novomultifamilygroup.com tony@grit-to-growth.com Tony's Mastermind https://grit-to-growth.com/ Join Our Investor Portal: www.investwiththecoach.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/yieldcoach/message
What are the differences between an entrepreneur and an investor?Tony Castronovo clarified the differences between the two, and he has more to share in this another CFO Series of Profit First for REI podcast!Tony tells his stories on how he went from owning a single family to a multi-family, his journey in real estate investing, and the ups and downs of the entrepreneurial world.Listen and enjoy! You might see where you are right now and the areas you are struggling in real estate investing!Key Takeaways:[00:56] Introducing Tony Castronovo[02:58] Journey of becoming a CFO[07:44] Difference between investor and entrepreneur[13:58] How Simple CFO helps in financial clarity[15:40] Tony's Profit First Journey[19:20] Best lesson/s he learned for decades[21:07] Good first step in the real estate investing journeyQuotes:[06:47] "Going full-time just gave me a bit of a supercharged boost to really go after it."[07:44] "An investor is someone looking long-term to build wealth, and an entrepreneur is very much into a day-to-day income to have a business that will eventually produce wealth."[13:41] "If you are not wise about how you buy and operate those deals, it is just chasing your tail."Connect with Tony:Website: https://simplecfo.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a seasoned multifamily real estate investor with experience in acquisition, due diligence, syndication, capital raising, construction, asset management, and overall asset strategy implementation. He has been invested in over 900 units, including a combination of general partner, limited partner, and independent ownership. Tony complements his background with a 25-year management consulting career, advising clients on project investment portfolio management. Finally, Tony is the founder of Grit to Growth, a transition & performance coaching business where he helps empower entrepreneurs to live an intentional life by design!Main Points:How realistic is it to create enough passive income to quit your job and live financial freedom?What was your biggest surprise after quitting your job and going full-time in real estate?How did you pivot in order to address your big surprise?What was one of your greatest challenges in real estate and how did you overcome it?What is Grit to Growth?What are the Six Stages of Entrepreneurship and how can coaching help?Connect with Tony Castronovo: Download the free resource: Ultimate Guide to Quitting Your Job and Transitioning to Entrepreneurship: https://grit-to-growth.com/ultimate-guide tony@novomultifamilygroup.comhttps://novomultifamilygroup.com/https://www.linkedin.com/in/tonycastronovo/MAIN (Multifamily Apartment Investors Network)
Make It Rain: Multifamily Real Estate Investing for Millennials
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a seasoned multifamily real estate investor with experience in acquisition, due diligence, syndication, capital raising, construction, asset management, and overall asset strategy implementation. He has been invested in approximately 880 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony complements his background with a 25-year management consulting career, advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Finally, Tony is the founder of Grit to Growth, a transition & performance coaching business where he helps empower entrepreneurs to live an intentional life by design!Tony's website: https://grit-to-growth.com/For more info, check us out at makeitraincapital.com.Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials! We're Daisy and Luc, two millennials who love multifamily investing. With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial. We're excited to chat with you about the what's, the why's, the how's, the who's. The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies. Take action on your financial future TODAY!
In this episode, Jonny speaks with the Founder and Managing Partner of Novo Multifamily Group, LLC. In 2022, he launched Grit to Growth, a Transition & Performance Coaching business focused on empowering entrepreneurs to live an intentional life by design.They discuss:1. His career before real estate2. Capital attraction3. What he learned about raising capitalTony Castronovo is the founder and managing partner of Novo Multifamily Group, LLC and Novo Investments, LLC, a real estate investment company established in 2014. He is a multifamily real estate investor with experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. He has invested in 877 units and focuses primarily on Texas and Oklahoma markets.Prior to his multifamily experience, Tony owned and operated a portfolio of single-family rental properties yielding strong annual revenues. With his background in construction, he acquired properties through wholesale transactions and pocket listings, leveraging hard & private money lenders, developing repair estimates, managing contractors to drive property values, then refinancing into long-term notes. He has a track record of driving appreciation through strategic renovations and leading class asset management.Learn more about Tony:Website: https://novomultifamilygroup.com/Email: tony@novomultifamilygroup.comConnect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1
Today, we'll hear from a seasoned management consultant and multifamily real estate investor Tony Castronovo. From attracting capital to credibility-enhancing activities to scaling it incrementally, you'll learn valuable tips to accelerate your real estate success when you tune in!WHAT YOU'LL LEARN FROM THIS EPISODE Why you shouldn't self-manage large multifamily propertiesAdvantages of having good relationships with business partners and brokersDifferences between attracting capital and raising capitalThe power of having a credibility kit and leveraging your partner's experienceUseful tips to help you scale your multifamily businessRESOURCES/LINKS MENTIONEDMichael Blunt https://www.colliers.com/en/experts/michael-bluntMultifamily Investors Who Dominate https://amzn.to/3IHcQjzBeau Knows Multifamily https://www.youtube.com/channel/UCjZ5kby_xL_gPCStm2StIhg Kahuna Investments https://kahunainvestments.com/Goodegg investments https://goodegginvestments.com/ABOUT TONYTony Castronovo is the founder and managing partner of Novo Multifamily Group, LLC and Novo Investments, LLC, a real estate investment company established in 2014. Tony is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. He is revered across numerous investor communities as a mentor and coach for investors & entrepreneurs, sharing leading practices and experience. He is a member and student of the Wheelbarrow Profits Academy, founded by Jake Stenziano and Gino Barbaro. In 2022, he launched Grit to Growth, a Transition & Performance Coaching business focused on empowering entrepreneurs to live an intentional life by design.CONNECT WITHWebsite: Novo Multifamily Group https://novomultifamilygroup.com/LinkedIn: Tony Castranovo https://www.linkedin.com/in/tonycastronovo/Email: tony@novomultifamilygroup.com CONNECT WITH USTo book an exclusive FREE consulting session with Tate or to view his current investment offerings, please go to www.investwithgreenlight.com.Want a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Special Announcement! Tate's brand-new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/.Do you have difficulty underwriting deals? Never worry about getting your numbers wrong with Real Estate Lab, a cloud-based platform for investors. Sign up at https://www.realestatelab.com/ using the promo code TAG2 to get 10% off your first 12 months. Automate your acquisitions and underwriting like a boss now!
What is living a life by design? We hear it often, but what exactly is it? Join Nico Salgado and his guest, Tony Castronovo, as they get together to talk about grit, reflection on the past year and looking forward, making connections, running marathons and being active. Tony has 25 years in management consulting and for about seven of those years, he was running a side gig in real estate. And in 2021, Tony decided to go full time into real estate. He shares his last 15 months- his growth, the lessons he learned, and his hopes for the coming year. Tune in at the Small Axe podcast to hear more! Here's a breakdown of what to expect in this episode: Going full-time into the real estate world. Celebrating your accomplishments and looking back. The importance of getting out into the wilderness. Intentional life by design. The importance of setting boundaries. About Tony Castronovo: Tony Castronovo is a multifamily real estate investor & entrepreneur with over 8 years of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. He is a human performance coach, focused on helping entrepreneurs transition from the corporate life and grind of the side hustle to a fully intentional life by design. Tony is also a seasoned management consultant, utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Check Tony Castronovo on... Website: https://grit-to-growth.com/ LinkedIn: https://www.linkedin.com/in/tonycastronovo/ Email Tony at: tony@novomultifamilygroup.com Connect with Nico Salgado! Website: www.smallaxecommunities.com Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH
Episode 45 I Tony Castronovo I From Management Consultant to Multifamily Investing & Performance Coach Tony Castronovo is a multi-family investor with 880 units! Starting out as an oil and gas engineer, he headed for Texas for his ‘dream' job, but found not many jobs in the industry. He found work as a management consultant, but saw a relative who had gotten into single family rentals. Tony decided with his background in construction this would be a great way to make some additional money, so got busy with investing, flips and other vehicles in 2000. After having much success, Tony went full time in 2014 with his own real estate investing company, Novo Multi Family Group specializing in the multi family space, and now coaching others with Grit to Growth to design their dream life with real estate investing!THIS podcast is for you if you are someone who has never considered real estate investing, or a seasoned pro looking for a few new ideas in the investing space!WHAT YOU'LL LEARN:How he got his start in investingWhat he did with one tenant who didn't want to take part in a renovationWhy he refinanced a property 2 times in 3 yearsWhy he moved into the syndication modelWhy renovating adds value and can allow rent increasesHow being property manager living close to a property or doing your own repairs can be a blessing and a curseHow his original goal with real estate was build retirement income, but changed over the yearsCan you replace your income with cash flow, and reasons why perhaps you should STAY in your full time job while investingHow he manages 5 businesses including acquisitions!And MUCH more!BioTony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a seasoned multifamily real estate investor with experience in acquisition, due diligence, syndication, capital raising, construction, asset management, and overall asset strategy implementation. He has been invested in approximately 880 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony complements his background with a 25-year management consulting career, advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Finally, Tony is the founder of Grit to Growth, a transition & performance coaching business where he helps empower entrepreneurs to live an intentional life by design! CONTACT INFORMATION (Real Estate)Email: tony@novomultifamilygroup.comWeb: https://novomultifamilygroup.com/Linked-In: https://www.linkedin.com/in/tonycastronovo/ CONTACT INFORMATION (Coaching)Email: tony@grit-to-growth.comWeb: https://grit-to-growth.com/To reach out to Jose & Khadija, head over...
Real estate syndication is never a one-man team. You need people to thrive and networking plays a part in this. Today, we feature our conversations again with real estate entrepreneurs Tony Castronovo and Travis Smith as they share how to thrive through networking in this #Highlights episode.Tony talks about the hands-on approach he takes to multifamily and how this has helped him build better systems and processes. Meanwhile, Travis realizes the most direct path to true wealth and financial freedom is in the private markets and he is now a partner in several investor groups or tribes that invest in single-family rentals, multifamily, and commercial real estate. Enjoy the show!
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, joins 52 Weeks of Empowerment this week to discuss the importance of business planning. Tony is a seasoned multifamily real estate investor with experience in building several successful businesses. His "super power" is attracting capital through his strong value proposition and transparency - which are two great aspects to the business planning process. At this time of year, its time to reflect on what went well, what you can learn from, and plan ahead for 2023. Tony provides listeners with simple wisdom such as continuous connection with one's stakeholders, holding oneself accountable and enjoying the experience of conducting business. Start next year off right with a powerful business plan, and let us help take away some of the struggle in putting one together. Tony is also a success coach for entrepreneurs and can be found on his website: https://grit-to-growth.com
Tony Castronovo is the founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management group that focuses on building communities that offer affordable living at higher standards. In this episode, he discusses his journey from management consulting to real estate, his new company, and the challenges he navigated with his first multifamily property. Tony Castronovo | Real Estate Background Founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management group that focuses on building communities that offer affordable living at higher standards. Portfolio: 868 units across 7 properties Based in: Houston, TX Say hi to him at: novomultifamilygroup.com LinkedIn Greatest Lesson: Who, not how. Proximity is power. Join the newsletter for the expert tips & investing content. Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a seasoned multifamily real estate investor with experience in acquisition, due diligence, syndication, capital raising, construction, asset management, and overall asset strategy implementation. He is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony complements his background with a 25-year management consulting career, advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Dreams: Living on his terms in his professional life Spend time outdoors, hiking with his wife, taking his dog everywhere. How you can Help: Michael Jordan New Investors Favorite Book, Movie, or Podcast: Favorite Movie is Top Gun Favorite Book is Who Not How Contact them at: Email: tony@novomultifamilygroup.com Web: http://novomultifamilygroup.com/
Check it out on Spotify: https://spoti.fi/33Z4VsE Check it out on Apple: https://apple.co/3AHc2DT Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a seasoned multifamily real estate investor with experience in acquisition, due diligence, syndication, capital raising, construction, asset management, and overall asset strategy implementation. He is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony complements his background with a 25-year management consulting career, advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Dreams: Living on his terms in his professional life Spend time outdoors, hiking with his wife, taking his dog everywhere. How you can Help: Michael Jordan New Investors Favorite Book, Movie, or Podcast: Favorite Movie is Top Gun Favorite Book is Who Not How Contact them at: Email: tony@novomultifamilygroup.com Web: http://novomultifamilygroup.com/
In this episode, Tony Castronovo discusses how real estate investment allowed him to escape the W2 world. In addition, he described his first deal, how he completed it, how he found the time, and how he expanded into multifamily. Tony Castronovo, Founder & Managing Partner, is a multifamily real estate investor with over 8 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. [00:01 - 10:33] Opening Segment Tony shares his background and how he got his start in real estate Convincing his wife to withdraw their 401k and invest it in real estate Finding inspiration from by his client to invest [10:34 -15:59] Cashing Out the 401k Understanding your risk appetite Walking into a real estate brokerage wanting to buy a house Learning to invest in a property Buy a single family home as a first investment [16:00- 31:37] Going Into the Details of the First Deal Doing the rehab work by himself Learning not to buy in retail Making time to invest and balancing work and family life Understanding what deals you want and having a checklist [31:38 - 37:59] Closing Segment Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com What is the best investment you've ever made other than your education? First multi-family deal Tony Castronovo's worst investments Second multi-family deal bought right before covid What is the most important lesson you've learned in business and investing? Don't cut costs but focus on revenue Connect with Tony Castronovo: Website:https://novomultifamilygroup.com/ Email: tony@novomultifamilygroup.com Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes Tweetable Quotes: “Sometimes we've gotta stop trying to cut our expenses to the point where we're down to the bone. And you just can't cut expenses anymore. The better option is to focus on revenue, because revenue solves a lot of problems.” - Tony Castronovo
Multifamily Investing with Tony Castronovo On this episode of the Investor Financing Podcast, Beau talks to Tony Castronovo, the founder and managing partner of Novo Multifamily Group, LLC and Novo Investments, LLC. We chatted about Tony's real estate journey, up to and including his most recent ventures in multifamily investing.
Syndication Made Easy with Tony Castronovo Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with 8 yrs. experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs. of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. http://novomultifamilygroup.com/ Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------
Syndication Made Easy with Tony Castronovo Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with 8 yrs. experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs. of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. http://novomultifamilygroup.com/ Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------
Syndication Made Easy with Tony Castronovo Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with 8 yrs. experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs. of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. http://novomultifamilygroup.com/ Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with over 7 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. https://www.linkedin.com/company/novo-multifamily-group (https://www.linkedin.com/company/novo-multifamily-group) http://novomultifamilygroup.com/ (http://novomultifamilygroup.com/) tony@novomultifamilygroup.com
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with over 7 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in approximately 800 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. https://www.linkedin.com/company/novo-multifamily-group (https://www.linkedin.com/company/novo-multifamily-group) http://novomultifamilygroup.com/ (http://novomultifamilygroup.com/) tony@novomultifamilygroup.com
Want to get inspired by leveraging your time with the brightest and best in business, raising a family, and then pivoting towards the real estate entrepreneur you were always meant to be? Listen on! Tony is an experienced and seasoned management consultant who shares his many life-lessons for those still in corporate life, and what it takes to go from there to self-employed, using real estate both large and small. Contact Information:Tony's ProfileWebsitenovomultifamilygroup.com (Company)Emailtony@novomultifamilygroup.comTwittertcastronovoFrom Linkedin:Tony Castronovo, Founder & Managing Partner, is a multifamily real estate investor with over 7 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Mr. Castronovo is also a seasoned management consultant, utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.
Are you thinking big enough?In this episode of The Real Estate Mindset podcast, Tony Castronovo, Ben Nelson and I chat about how important it is to think bigger. Oftentimes, people start in real estate with the idea that they can do everything themselves. Beware, as this is a common trap! Tony explains what you need to do to grow your portfolio and reach new heights in business.We also chat about which books he recommends and how the advice within those books made him so successful.What we discuss:0:15: About Tony02:01: How Tony was able to think bigger20:00: What is Tony's morning routine?22:17: What books does Tony recommend?26:40: What is Tony's experience with coaching and mentorship?38:40: What mistakes has Tony made in the past?37:50: What is Tony's definition of success?To learn more about TonyWebsite: novomultifamilygroup.com Linked in: Tony Castronovo
This episode of Movers & Shakers features Tony Castronovo. Tony is a part of Jake & Gino investor community and has been actively investing in Multifamily Real Estate. He is currently invested in 792 units and focuses primarily in Texas and Oklahoma. Prior to his multifamily experience, Mr. Castronovo owned and operated a portfolio of single-family rental properties yielding strong annual revenues. With his background in construction, he had acquired properties through wholesale transactions and pocket listings, leveraging hard & private money lenders, developing repair estimates, managing contractors to drive property values, then refinancing into long-term notes. He has a track record of driving appreciation through strategic renovations and leading class asset management. Chapters: 00:00 Introduction 00:97 Success leaves clues 03:48 Why Tony joined Jake & Gino investor community 08:42 Learning from experiences 11:35 Focus, focus, focus 16:00 Culture of accountability 20:16 Most recent deals 24:14 Take action, everyday 26:31 Biggest takeaways Learn more about Tony's initiatives: http://novomultifamilygroup.com/ In real estate, your network is your net worth, attend our Live Events and network with the fellow investors and professionals: https://jakeandgino.com/live-events/ About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $175,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/ More ways to engage with the Jake & Gino Investor Community: MM5: https://jakeandgino.com/mm5/ Rand Cares: https://jakeandgino.com/randcares/ Henson Flooring: https://www.greatertennessee.com/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com
Greg and Darren welcome Tony Castronovo to The Road to 500 series. By the time an investor has reached 500 units, they are in a place where systems are set up, refined, and working well. Lessons have been learned and applied, and momentum is carrying them forward. We are tapping to these investors to share their knowledge to help you get to, and past, your first 500. Tony shares some insights into how he has achieved the success he has in the multifamily space. Capital raising is his main role, but he speaks to the need to know how every role works so you can choose the right co-sponsors to work with. He other tip here is to be sure they have a complimentary skill sets and passions to yours.Guest Contact InfoTony@novomultifamilygroup.comnovomultifamilygroup.comReal Wealth Solutions Report Sign Up & Contact Infohttps://bit.ly/RWSReportRealWealth.Solutions Thanks for listening and, as always, an honest review or follow is greatly appreciated
Join Daniel Nickles with his guest Tony Castronovo as he explains why capital raising isn't just all about raising funds for deals. When you associate with people who think 'big,' you also start to think big. In Tony's experience, he has proven that 'proximity' truly 'is power.' In this episode, Tony shares how he got into syndication and capital raising, how he elevates his company's investor experience, and why you should definitely consider being a capital raiser. In this episode you will learn: What is an IRO? How did Tony get into syndication? Capital Raising – do it ahead! If you're going full-time in real estate, you need systems and technology Capital raising impacts your circle, not just the deal! About Tony Castronovo: Tony Castronovo is the founder and managing partner of Novo Multifamily Group, LLC and Novo Investments, LLC, a real estate investment company established in 2014. Mr. Castronovo is a multifamily real estate investor with experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. He is currently invested in 792 units and focuses primarily on Texas and Oklahoma. Prior to his multifamily experience, Mr. Castronovo owned and operated a portfolio of single-family rental properties yielding strong annual revenues. With his background in construction, he had acquired properties through wholesale transactions and pocket listings, leveraging hard & private money lenders, developing repair estimates, managing contractors to drive property values, then refinancing into long-term notes. He has a track record of driving appreciation through strategic renovations and leading class asset management. Mr. Castronovo is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Mr. Castronovo is revered across numerous investor communities as a mentor and coach for new investors, sharing leading practices and experience. His passion, skills, and drive for multifamily real estate investing and improving local communities are testimony to both his own success and those he mentors. Connect with Tony Castronovo on: Website: http://novomultifamilygroup.com/ LinkedIn: https://www.linkedin.com/company/novo-multifamily-group https://www.linkedin.com/in/tonycastronovo/ Email: tony@novomultifamilygroup.com Connect with Two Smart Assets on: Website: https://twosmartassets.com/ Facebook: https://www.facebook.com/TwoSmartAssets/ Instagram: https://www.instagram.com/twosmartassets/ YouTube: https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw
In this Off The Beaten Path Episode, Tony Castronovo shares a great book he's currently reading and his #1 action YOU can take TODAY to create dividends in your business and personal life. Want to learn more about passive income? Check out our FREE GUIDE - The Passive Investor's Handbook Click here to access
What exactly is the next step after buying your first apartment complex? Many real estate investors say that your very first deal is usually the hardest, but once you pull it off, everything else will be much easier. However, many investors remain clueless on what to do next after buying their first apartment, which is why I invited Tony Castronovo in this episode. Tony, Founder & Managing Partner at Novo Multifamily Group, will talk about his experience in closing multifamily deals and give a few tips to apply if you're already thinking about quitting your W2 job to invest full-time in real estate. [00:01 - 03:42] Opening Segment Tony Castronovo reveals the story behind the largest property he could afford to buy How learning syndications influenced his next deals [03:43 - 08:49] The Role of the Sponsor in a Syndication Tony shares his experience in starting with a 506(b) offering When you're playing the role of a sponsor, this is what you should keep in mind Listen to Tony Tony explains what risk-adjusted type properties are [08:50 - 12:52] The Right Time to Quit Your Day Job Tony reminds you to always look at your debt structure, and here's why Are you planning to quit your W2 job to focus on real estate investing> Here's a piece of advice from Tony [12:53 - 15:39] Closing Segment A tool or resource you can't live without Day planner A real estate mistake you want our listeners to avoid Thinking like a mom-and-pop Follow an abundance mindset instead Your way to make the world a better place Helping his kids become confident adults Reach out to Tony See links below Final words Tweetable Quotes “...when you're in a sponsor role, when you're leading a syndication, it comes down to just ‘know, like, and trust…' that could take years of growing relationships.” - Tony Castronovo “I think there's always a concern no matter what asset class you're in, but I think you got to look at your debt structure.” - Tony Castronovo “...try to be judicious about your expenses, but if you cut it to the bone, that's just the wrong move.” - Tony Castronovo ----------------------------------------------------------------------------- Email tony@novomultifamilygroup.com to connect with Tony or follow him on LinkedIn, Facebook, and Instagram. Are you looking for affordable living at higher standards? Visit Novo Multifamily Group now! Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Tony Castronovo 00:00 I think there's always a concern no matter what asset class you're in. But I think you got to look at your debt structure. And for me whenever I'm structuring a loan for property, elect to have multiple exits, so you know, looking at securing longer-term debt, whether that means through extensions on a bridge or buying rate caps, or potentially, you know, getting longer-term agency loans that have favorable prepayment penalties, but I like the deals where, you know, I could exit say, three, four or five years and, you know, depending on where the market is, and the climate for a buyer, that's just the best situation. Intro 00:43 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big. Sam Wilson 00:54 Tony Castronovo is the Founder and Managing Partner of Novo Multifamily Group. They do multifamily real estate and they have over seven years of experience in the business. And I think right now you guys are almost approaching 800 units. I think if that's right, Tony, welcome to the show. Tony Castronovo 01:09 All right. Awesome. Thank you. Sam Wilson 01:10 Hey, man, pleasure's mine. There's three questions I asked every guest who comes on the show. In 90 seconds or less, can you tell me where did you start? Where are you now? And how did you get there? Tony Castronovo 01:17 All right, let's see if I can do it. 90. I started in 2014. In the single family space, primarily buy and hold and built up a small rental portfolio before I moved into multifamily in 2018. Started in multifamily. Just opening my checkbook buying the biggest property, I could learn a little bit about syndication along the way. And fast forward to today. I am approaching 100 units with a couple of acquisitions that we're looking to close here this month and next month. Sam Wilson 01:47 That's absolutely fantastic. You said you bought the largest property you could afford to buy? What was the story on that? Tony Castronovo 01:54 Yes. So that was a 1031 exchange and what I had done was I packaged up my single family portfolio, it was just a group of buddy homes. And for me, I didn't know how else to buy multifamily. I really didn't know anything about syndication or joint ventures or anything with a store. I just thought, hey, it's, you know, monopoly, right, I'm going to exchange, you know, a group of green ones for a red one. And you know, how do you do that? Well, you come to the closing table, and you bring as much cash as you can afford to purchase and there you go. Sam Wilson 02:29 That's fantastic, and you said, then you started learning along the way about syndications. And so did that really tweak your business plan or the way that you then started acquiring more property? Tony Castronovo 02:40 Yeah, it did. And not just, you know, from how do I acquire properties but how do I really grow and scale? You know, as I was operating the 20-unit, which is my first multifamily, I did a lot of hands-on, it was also a transition from me self-managing back in the day of the single family world to relying on third party property management. There was also a little bit of distance at play, where I used to have homes that were all 30 minutes away from me, but then I bought a multifamily that was about an hour and a half away. So that is convenient to get to. But during that journey of running and operating that property, I learned a little bit about syndication, I had been working with a lot of groups kind of locally, a lot of meetups, and learning the ropes from a few people. And within about a year of running my first property that was, able to syndicate my second property. And we also refined the first property to be able to put a skin in the game and bring some money to the table. Sam Wilson 03:43 That's intriguing talk to us about investor relations. That's something or even finding investors. That is something that a lot of people who are scaling the portfolio, especially starting out, it's a slow grind at first, what was the process like for you? Tony Castronovo 03:56 Yeah, so your listeners may be familiar with a couple of different offering types 506(b), 506(c) in the syndication world. And you're just exemptions to the SEC regulations for private offerings. And so we started with a 506(b), which is kind of the friends and family approach. That basically meant we could not broadly advertise and we needed to rely on pre-existing relationships. And so literally, I figured, how the heck am I going to pull together people who are interested in investing in a deal like this? And I just went through every email, every distribution list I could possibly get my hands on, and I put together a spreadsheet of about 200 people. And, you know, of course, I knew more people than that, but I didn't know that I knew more people than that. Right? Those people were close to me. And so that's what we started with. And, you know, we can talk about where I'm at today, but that was the beginning of it. Sam Wilson 04:59 Yeah. What was that about? process like you got 200 people, and you say, “Hey, I've done some multifamily. I've done some real estate are looking to grow. You want to partner with me?” What would that conversation look like for you? Tony Castronovo 05:09 I think that conversation had evolved for years, actually, because a lot of people in that sphere of a couple 100 were people that had kind of watched my journey in the single family space since 2014. And, you know, I had always kind of see me take a dilapidated single family house and turn it into something, you know, much greater than that, and what kind of results I was achieving and growing and having this portfolio and, you know, a lot of people kind of saw that. And so by the time I moved into multifamily, they were already thinking, Hey, Tony has got some experience here. And because I had also done the 20 unit multifamily now, I had relatable experience in that space. So as I brought a 60-unit to the table, to syndicate, really the conversation was pretty easy. It was just explaining the business case and how they get involved. Sam Wilson 06:03 Right. Yeah, that's really, really intriguing. What have been some things you feel like you've done right, that other people should emulate as they are scaling up their portfolios? Tony Castronovo 06:13 I think a couple of things I've done right, is I am all about transparency. So you know, when you're in, in kind of a sponsor role, when you're leading a syndication, you know, it comes down to just know, like, and trust, right, and how do you develop that? I mean, that could take years of growing relationships and kind of nurturing those relationships. But I think it starts with, you know, I've got nothing to hide, I want to communicate well, I want to share as much detail as any investor is interested in seen. And I like to educate. So as I was preparing for that 60-unit syndication, leading up to that for several months, I had been taking, you know, one-on-one conversations with people and bringing sort of a fictitious deal. And showing them this is what it could look like, right? Is something you'd be interested in, if it looked like this? And we just went through kind of the whole education on how it works, and how multifamily is valued and so forth. And, you know, I think that grease the skids a little bit. Sam Wilson 07:18 Yeah, that's a great thing to do. You hit on a fictitious deal, you know, where you can show, hey, this is, you know, what we could project, a normal deal would look like, you know, take a look at this and see if this is of interest. Did you have any “no's” along the way? Or like, that's just way too outside of what we understand. Tony Castronovo 07:35 Yeah, and I still get plenty of “no's,” you have to take somewhere, you have to have some thick skin in this business, right. And it's funny, I mean, sometimes the “no's” are just because it looks like too good to be true sort of thing. And they just don't understand multifamily. Sometimes the “no's,” surprisingly, are just because of the asset class. And funny thing is, as I started doing some C class properties that were real rough and lots of heavy lifting. And I think for new investors, especially, they can see how that value add will justify bumping rents and driving value. Fast forward, I started doing a couple of Class A properties and a beautiful sort of what I like to call, you know, risk-adjusted type properties. But people are like, “No, we don't see it. How are you generating value?” And it's different, right? Those are big amenity plays, usually, you try to buy something that it's still under market rents. But you're not going to force appreciation through renovation, right? Some people say no because that just doesn't seem to fit with their mindset has taught them. Sam Wilson 08:50 How do you sell the project to yourself? And this is a question I've often had, when you get into class A, say there's no major value add? What about that asset is attractive to you? Tony Castronovo 09:01 So when you're looking at Class A compared to C or even sometimes B, it's really more of kind of the golden egg at the end of the timeline, right? It's the equity multiple, you're having an appreciating asset in a stable market, you're not going to be cash flowing like you would in a class C. So you don't get that yield like you would in a class C. But it's as I mentioned earlier, risk-adjusted, right? You're not going to have big swings in your P&L. It's kind of steady Eddy. Sam Wilson 09:33 Right. You're buying an income stream, essentially, without a lot of headaches. Is there any concern in class A property? If there is a downturn or a correction? Anything that you think or see on that front that may be concerning? Tony Castronovo 09:47 I think there's always a concern no matter what asset class you're in, but I think you got to look at your debt structure. And for me whenever I'm structuring a loan for property elect to have multiple exits, So, you know, looking at securing longer-term debt, whether that means through extensions or bridge or buying rate caps, or potentially, you know, getting longer-term agency loans that have favorable prepayment penalties. But I like the deals where, you know, I can exit say, three, four or five years and, you know, depending on where the market is, and, you know, the climate for a buyer. You know, that's just the best situation. Sam Wilson 10:31 Right. So you guys are at almost 800 units and I know we've talked about this off-air here, but you have just quit your W2 this last September and are going headlong into multifamily real estate, I would have thought before 800 units, maybe you would have exited a W2 long time ago. What was that process like? And then what are some concerns you have, I guess, going, you know, headlong in? Tony Castronovo 10:57 I think, you know, it's kind of like bungee jumping, right? It's once you do it, everything is great and exciting and exhilarating. But it's that first step. So you know, for me, I always knew that I would go full time into this business. And I've been kind of planning that since probably, you know, 2015, 2016-ish as I started kind of getting into it. I had even, I remember talking to my boss at one point. And I gave him a timeline because he saw that I was growing in the space. And it's never a side gig for me, it was always two full-time jobs. Right? Right. I'm building a business, and I'm putting all my energy into it. But I also had a very demanding career. And it was not a nine to five, and it involved travel, involved lots of hours. But, find a way to get it done. You want something done, you give it to a busy person. Once I decided to leave, it was actually because I had left a job that I really enjoyed. It was working with a team that I really respected. But after the whole COVID, you know, downsizing, and so forth, I was getting a little concerned that maybe my time couldn't be sure. And so I kept raising my hand and say, “Look, I'll take the package. You know, I know what to do with that.” And it wasn't coming. Meanwhile, I had another company that had been courting me for some time. And they said, “Well, look, we'll bring you on, we'll give you a signing bonus. It's basically your severance package. And so I took a jump took a chance small boutique company and realize that our values really did not align. And so at that point, I said, “I've got to just focus on what I can do well, and I can look myself in the mirror and be excited about, passionate about, and feel good about.” And that made that very easy decision. Sam Wilson 12:53 Right. That's absolutely fantastic. Tony, let's jump here into the final four questions. What is one tool or resource, think digital or software, that you find you can't live without? Tony Castronovo 13:04 Well, I was gonna say, I can't live without a day planner. And I'm old school, I write on paper. Sam Wilson 13:10 Now, that's great. I love that. It actually is not one I had mentioned here. So that's really, really cool. I love that. Question Number 2, what is one mistake you can help our listeners avoid and how would you avoid it? Tony Castronovo 13:21 So something I learned from one of my partners, I was thinking like a mom and pop focusing on reducing expenses to the point where I was impacting quality of my product and my service. And you know, when you think of real estate, that means your apartment complex, right? And so thinking with that abundance mindset to say, you know, if we focus more on the top line, revenue solves a lot of problems, right? And then you've got a better product. And I'm not to say skimp or not, you know, try to be judicious about your expenses. But if you cut it to the bone, that's just the wrong move. Sam Wilson 13:58 Right. I love that. It's absolutely true. Question number three is when it comes to investing in the world, what is one thing you're doing right now to make the world a better place? Tony Castronovo 14:07 You know, I think I could do better here. Of course, like a lot of people I, you know, donate to charities, and I volunteer my time. But I think probably the best thing I'm doing for the world right now is raising happy successful kids that you know, need coaching, need love, need support so that they can be confident adults. And you know, I think anybody who's a parent can attest that that's our greatest legacy. Sam Wilson 14:35 That is 100% spot on. I've got a first, front-row seat to children who are you know, not been parented by good parents. And so it is, yeah, always a good thing when we have good families and great parents taking care of the kids. So thanks for doing that, last question for you, Tony. If our listeners want to get in touch with you or learn more about you what is the best way to do that? Tony Castronovo 14:55 They can certainly email me email as Tony, T-O-N-Y, at Novo, N-O-V-O, multifamily group dot com. And of course they can always reach me on my website which is novomultifamilygroup.com Sam Wilson 15:10 Tony, thank you for your time today. I do appreciate it. Tony Castronovo 15:13 You bet. Thank you. Sam Wilson 15:14 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode.
Tony Castronovo is the Founder and Managing Partner of Novo Multifamily Group. He is a multifamily real estate entrepreneur with over 7 years of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction and renovations, operations, asset management, and overall asset strategy implementation. Tony has invested in over 650 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. He is also a seasoned business management consultant, utilizing 25 years of experience advising clients on project portfolio investment management. Let's tune in to his story! [00:01 - 05:16] Opening Segment Welcome to the podcast! Get to know our guest Tony Castronovo Bio 7 Colorful Years in Real Estate [05:17 - 15:32] 1031 Exchanging Single-Family Units to Multifamily Packaging 10 Single Family Properties into One A five-month long process What is a 1031 Exchange? Facts Tony wished he knew about 1031 Capital Infusion with the Lender 650-Units in Ownership Tony shares how they started with 20-units Gearing up on marketing, capital raising, and due diligence [15:33 - 25:03] Exploring New Asset Types and Classes Proximity is Power Multifamily is a team sport Raising private money and finding Limited Investors 101 What Constitutes a Good Deal for Tony? “What I'm looking for, is not what I have at all.” Tony likes to have fun The Legacy Round A 20-Unit Life-Changing Multifamily Property
Join Vince as he talks with Tony Castronovo about choosing entrepreneurship as his path to financial freedom. Tony is the founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management firm. He has been in the real estate space for over seven years, with financial freedom as his prime motivator. Today, he tells how he found out he was going down the right path that eventually gave him control of his life. There's a lot to unpack, so stay tuned and enjoy the episode! Take a Path to Traverse In a world run by money, everyone has a common goal: financial freedom. That is primarily why Tony walked down the road to real estate. Living life on one's own terms is the dream, and Tony saw real estate as the way to achieve such. In addition, real estate was something that would give him more control of his time, control of where he spends his energy, and see the fruits of his labor. Tony has been influenced by his father, who had run a business and always worked for himself throughout his career. In addition, his mother was there to support his father through the pros and cons, which is why Tony believes entrepreneurship has been embedded in him. Being able to drive his day and time on his own terms is what he wants, bringing him happiness. Tony traces back to 2001 how he got the bug to do real estate. He had been doing construction in the 80s and 90s, and he was told by a coworker 20 years older than him that he had to find a better way to make money because they both earn the same amount. Because of that, he got started in real estate in 2001. Tony hustled in that business but had to stop when he found a new job. Fortunately, the spark got him back in 2014, and he has been in the industry since then. Tony knew what he wanted right from the start, which pushed him to take that path. Taking matters into his own hands eventually brought him the life he envisioned for himself and his family. About Tony Castronovo: Tony Castronovo, founder and managing partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with over seven years of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction and renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in over 650 units, including a combination of general partner, limited partner, co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Outline of the episode: [01:26] How Tony got down the path of real estate[08:55] Tony's first real estate deal using the BRRR strategy[16:23] Skip the conventional route[17:33] Lessons learned and progression out of single-family real estate[23:07] Tony's jump from single-family to multifamily[31:43] The experience working with lenders and going through refinancing[36:11] Why exterior overhaul and curb appeal matter in a property[41:18] What the future holds for Tony[44:51] Tony's advice to his 20-year-old self and his book recommendations[48:04] What superpower Tony has and the greatest lesson in his career[50:33] Advice for people working their way to financial freedom Resources: Website Connect with The Cashflow Project! WebsiteLinkedInYoutubeFacebookInstagram
Today on Elevate Your Equity Podcast, we have an experienced multifamily real estate investor, Tony Castronovo. Join us as he shares his inspiration for starting up in real estate investing, how his wife supports him throughout his ventures, and how his transition from his previous W-2 to a full-time investor unfolded!Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate investor with over 7 yrs of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.Reach out to Tony by sending him an email to tony@novomultifamilygroup.com. To learn more about his business and his team, just visit his website at http://novomultifamilygroup.com/.What book has had the biggest impact on you and why?The Honeybee by Jake and Gino and Renting From My Six-Year-Old by Chris BystrianskyIf people wanted to be JUST like you, what is the first actionable thing they could do to follow in your footsteps? Take action and believe, just have confidence in your ability to be resourceful and pivot.What small thing/s do most people not know about you?I have no resistance to chocolate.How do you like to unwind and restore your own creative juices? I love to be outside.Favorite vacation spot?Whistler in Vancouver CAIf you really enjoyed this content and are looking for more, you can continue to learn more about us in several different places for free!on our website for blogs & other podcast interviews! elevateequity.orgour YouTube channel! youtube.com/channel/derekcliffordour book/audiobook! amazon.com/dp/ebookIf you'd like to have a FREE copy of our 7 Ways Commercial Real Estate Syndications Protect and Build Wealth, simply click the link below. We are here and vested in your long-term success! elevateequity.org/7waysEbook
In the fiftieth episode of Collecting Real Estate, we interviewed Tony Castronovo from Novo Multifamily Group. Tony, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate entrepreneur with over 7 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is currently invested in over 650 units, including a combination of general partner, limited partner, Co-GP, and independent ownership. Tony is also a seasoned business management consultant, utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.
Today we talked with Tony Castronovo about the different returns metrics you'll see in a real estate syndication, what they mean, and how to interpret them for yourself. Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, has over 7 yrs of experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. He is currently invested in 652 units and focuses primarily in Texas and Oklahoma markets.Tony is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Links to Tony's Information: tony@novomultifamilygroup.comhttp://novomultifamilygroup.com Thank you for listening to this week's episode of The No B.S. Real Estate Show! See you all next week! If you want to learn more about passive investing opportunities OR want to invest actively. Reach out to us on our social media or website. Our website: www.thevisioneergroup.com Ethan Neumann:Instagram: @EthanNeumannOfficialFacebook: https://www.facebook.com/EthanNeumann11Linkedin: http://linkedin.com/in/ethan-neumann1Harris Trail:Instagram: @HarrisTrailFacebook: https://www.facebook.com/harris.trail/Linkedin: https://www.linkedin.com/in/harrison-trail-5942211b5/
Tony Castronovo, Founder & Managing Partner of Novo Multifamily Group, is a multifamily real estate investor with over 7 yrs experience in acquisition, underwriting, contract negotiation, due diligence, syndication, capital raising, construction & renovations, operations, asset management, and overall asset strategy implementation. Tony is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 yrs of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management. Tony's seasoned experience brings us a fresh perspective about the fear one might have in engaging with the reality within the Real Estate industry. What's good about hearing Tony's story is that we are encouraged to push forward and not back down! Please tune in throughout the episode about Tony's inspiring journey. [00:01 – 05:50] Opening Segment I introduce our guest, Tony Castronovo Connect with Tony through the links below Tony shares about his Real Estate journey [05:51 – 27:24] The Fears and Joys Tony conquered Single Family journey with Tony's family Why Tony likes Real Estate On fear and apprehensions with Single family and Multifamily Tony's 20-unit IRL property Cleaning up the resident base by repositioning properties Being present How Tony leveraged into having a 60-unit property Touring a property from a client's perspective Tony's latest property project and partnerships Business plan for the 60-unit property Tony's strategies during COVID-19 pandemic [27:25 - 30:14] Closing Segment “How You Do Anything is How You Do Everything” Connect with Tony through the links below Final words Tweetable Quotes: “I like the business of Real Estate. It's something that makes a lot of sense, it's not very complex.” - Tony Castronovo “The power of Real Estate goes in so many different directions.” - Tony Castronovo Find out more and connect with Tony through his Facebook and Email You can find out more about Novo Multifamily Group here http://novomultifamilygroup.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let's start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.
Title: Running the Real Estate Race with Tony Castronovo Tony Castronovo is the Founder and Managing Partner of Novo Multifamily Group, and Novo Investments, real estate investment companies established in 2019 and 2014, respectively. Mr. Castronovo is a buy & hold investor and syndicator with 7 years focused real estate experience in both multifamily and single-family, including acquisition, construction, operations, and property management. Mr. Castronovo currently owns and operates 80 units, split between two multifamily properties in Bryan / College Station, Texas (home to Texas A&M University). Each of these properties were major repositioning projects with significant value-add driven by strategic capital improvements and tenant lease-up strategies. Let's tune in to his story! [00:01 - 06:55] Opening Segment Get to know my guest, Tony Castronovo Tony started getting active in Single Family investing during 2014 Scaling to Multifamily in 2018 Tony wanted to increase his retirement income But this is not his WHY Directly seeing the results of what he does [06:56 - 25:50] On Marathon and Investments Tony ran 24 Marathons before; he's preparing with his 25th The team concept he learned 20 years ago You don't have to do it alone. Don't be afraid to connect. Have formal training - model after others! Everybody runs their own race - You're competing with yourself Bad patches - you need a cheering section! Talk about it. Be aligned with the people who support you. “Can we invest?” - Tonny's twin sons The compelling reason why they asked There are Start lines and Finish lines in Real Estate, too. [25:52 - 28:07] The Transition in the Community Turning an unhealthy neighborhood into a healthy one Paper Approach and Reality Approach They should care for their home and community A home ought to be a dignified place [28:08 - 31:44] Closing Segment Tony's advice to his sons to save up Final words Connect with my guest, Tony, in the links below Tweetable Quotes “I just wanted more control. I wanted the ability to decide on my own terms how I spend my day and I wanted something to be able to build and grow on my own and not necessarily trading time for money.” - Tony Castronovo “It's not about retiring and living on a beach somewhere, and not working, it is about deciding how to spend my day and really see the direct result of all the efforts that I put into my daily work.” - Tony Castronovo “Bad patches are parts of the race where I just have a low spot. In Real Estate, you're going to have those low spots, too.” - Tony Castronovo ------------------------------------------------------------------------ You can connect with him through his LinkedIn and Bigger Pockets account Visit his websites: http://novomultifamilygroup.com/ and email him through: tony@novomultifamilygroup.com WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email 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!
Scaling your multifamily operation can feel very daunting, so it's important to have the right mindset and understand that the larger deals do not always mean more work. This is a lesson today's guest, Tony Castronovo, has learned during his time in real estate, and it's one he hopes to pass on to anyone who believes they can't grow their business. In today's episode, we find out what Tony learned by getting his start in single-family investing. Although it did not have the scalability he wanted, he discovered all of the ins and outs of real estate and he has carried this valuable knowledge with him into new endeavors.Our gracious sponsor: A Cost Segregation Study typically generates accelerated depreciation deductions ranging from 15% - 45%; Whether Commercial Real Estate was acquired, built-new, or renovated over the past 15-years, a Cost Segregation Study can still be performed…and there's no amending of past tax-returns required; All Cost Segregation Providers are NOT created equal…if your Provider does NOT have a Certified Cost Segregation Professional (CCSP) on-staff, then you're at higher risk of a failed IRS audit; There are ONLY (43) Certified Cost Segregation Professionals (CCSPs) in the entire United States…(8) CCSPs are employed by Bedford. Visit www.bedfordteam.com
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