Welcome to another exciting episode of our podcast, where we delve into the world of real estate investing and uncover valuable insights from industry experts. In today’s episode, we have the privilege of speaking with the accomplished entrepreneur and apartment investor, Noel Parnell, Co-Founder and Partner at Crown Capital Corp.
Noel’s journey to success is nothing short of inspiring. A former member of the 2008 US Paralympic team, he transitioned from a career in professional sports to the corporate world. However, after being laid off from GSK, he realized that he no longer wanted to be at the mercy of others in his professional life. Discovering the secret of the wealthy, that 92% of them own real estate, Noel embarked on his own real estate journey. With sheer determination and passion, he has since acquired over 118 units in Philadelphia.
Today, he focuses on assisting white-collar individuals in making intelligent investments and achieving their financial goals through real estate ventures.
In this episode, Noel emphasizes the importance of exploring alternative investment opportunities for individuals with “dumb money” idling away in their bank accounts. He highly recommends investing in real estate syndications and advises investors to diligently vet syndicators to ensure their track record and operating strategies align with their investment goals.
Considering the current economic environment, Noel suggests seeking deals in the mom-and-pop sector, targeting weary sellers ready to exit the market. He primarily operates in landlord-friendly states like Texas and Georgia, where regulations favor real estate investment. Additionally, he stresses the significance of active asset management and maintaining a close relationship with property managers to ensure the continued success of real estate investments.
Tune in to this episode to gain valuable insights and learn from Noel Purnell’s expertise in real estate investing. Discover how you too can unleash the potential of your investments in this dynamic market!
HIGHLIGHTS OF THE EPISODE
00:21 – Guest Intro: Noel Purnell
02:31 – Noel’s start in real estate
03:30 – Noel’s focus on helping white-collar individuals with their investments
04:14 – Challenges faced by syndicators and operators in today’s market
14:02 – Opportunities in real estate market
16:29 – Lower leverage and reduced returns on equity
19:31 – Focus on red states and landlord-friendly markets
21:31 – Importance of asset management
23:13 – Frequency of property visits and quality management
25:08 – Outro
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
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