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What you’ll learn in just 17 minutes from today’s episode:
- Learn how to go “all-in” even with very little (or no) previous real estate investing knowledge
- Find out how Adrian brought joint venture partners onboard and gained their trust despite being new to the biz
- And more…
Adrian Pannozzo is a retired Police Sgt from Peel Regional Police. He began investing in real estate ten years ago and now owns over 50+ properties with over 200 rental units. He also specializes in joint venture partnerships incorporating the BRRR strategy. In this episode, Adrian shares his journey from being a police officer to jumping into real estate investing with both feet – in spite of not knowing very much about the industry.
With his first property came along with it other investment deals and eventually joint partnerships. It brought good fortune not only for him but also for his investors.
00:59 – How he shifted from the police service to real estate
02:00 – What made him decide to get into real estate after 21 years in police service
03:52 – Going all-in in real estate
05:12 – Number of properties he did on his own before working with joint partners
03:52 – Believing in the numbers, in the system, and jumping in with both feet
05:40 – Starting with turnkey properties and property management to finding its way to BRRRR strategy
08:24 – How did he start bringing in joint venture partners
10:01 – How does a joint venture work for him?
11:17 – Are they bringing in the capital for a per deal type?
12:14 – How does the split for the deal look like?
“I guess my tolerance, and my risk level, potentially is a little bit different than other people’s, being a police officer and whatnot. Long story short, that kind of led me to the wonderful City of Hamilton where I bought my first rental property.” – Adrian Pannozzo
“Why Hamilton, it was really just centered around the numbers, like the return on investment and cash flow in Hamilton, superseded York Region where I was living.” – Adrian Pannozzo
“I guess just my personality, and I’m not the kind of guy to sit on the fence forever, I dive into it. And at the time, I didn’t really know Hamilton, the city at all more. I was wanting to jump into it and believe in the system, believe in the numbers, and knock on wood, it all worked out.” – Adrian Pannozzo
“How did I bring joint venture partners on board? We started marketing ourselves. I got into business with Sandy. And he put me on the podcast. It resonated with people, I guess my background and my story of a retired police officer, full-time investor, and the wanting to get into business together. So, in 2017, when the market was on fire back then, things took off for joint venture partnering.” – Adrian Pannozzo
“Joint venture is partnering up with an expert that can teach you and coach you, but also be your business partner, and buy properties together.” – Adrian Pannozzo
“The joint partners they’re bringing the capital, and power team we have behind us to essentially deliver, I want to say, upwards of 95 plus percent ROI, incorporating our strategy with the BRRRR method.” – Adrian Pannozzo
“Hands-Free, hassle-free, completely passive income for our investors. Many of them say I’d like to learn along the way because, potentially maybe I want to do it on my own. I tell most investors, absolutely you could; you can be a sponge and soak up as much information as you want. All our secrets are shared with you along the way for sure.” – Adrian Pannozzo
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