loader from loading.io

224. One Connection at a Time with Corey Chonsky

The Wake Up Call

Release Date: 11/14/2023

239: Real Estate Resilience with Jordan Silvester show art 239: Real Estate Resilience with Jordan Silvester

The Wake Up Call

Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this insightful episode, real estate investor and agent Jordan Sylvester shares his candid journey through the rollercoaster of the recent Canadian housing market. With raw honesty, Jordan recounts the hard-earned lessons from a series of investments that went awry due to unforeseen interest rate hikes.  However, his resilience and thirst for knowledge shine through as he...

info_outline
238: Creative Asset Protection for Savvy Investors with Scott Royal Smith show art 238: Creative Asset Protection for Savvy Investors with Scott Royal Smith

The Wake Up Call

Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Paul Thompson taps the mind of asset protection expert Scott Royal Smith in this wide-ranging discussion exploring creative strategies to shield your wealth. Learn the crucial steps these pros say you must take to fortify your investments against legal attacks and economic uncertainty. From anonymous LLCs to ironclad trusts, they reveal the keys to bulletproofing your empire. Key...

info_outline
237: Empowering Women Towards Financial Independence with Susan Geist show art 237: Empowering Women Towards Financial Independence with Susan Geist

The Wake Up Call

Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  In this episode, we dive into the journey of our guest Susan Geist, and her husband who achieved financial freedom and left their traditional nine-to-five jobs. We explore their path to financial independence, starting from childhood experiences to navigating the challenges of the corporate world. From unconventional housing strategies to venturing into real estate investments, Susan...

info_outline
236: Real Estate Revolution with Virtual Assistants and Strategic Acumen with Bob LaChance show art 236: Real Estate Revolution with Virtual Assistants and Strategic Acumen with Bob LaChance

The Wake Up Call

Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Join host Paul Thompson with guest Bob Lachance in a conversation that digs into the intriguing intersection of real estate investment, virtual assistants, and the evolving landscape of remote work. Bob shares his rich journey from rehabber to founder of a virtual assistant company, shedding light on the critical role of practical knowledge and effective systems in the real estate...

info_outline
235: From Cutco Knives to Virtual Operations Revolution with Mike Abramowitz show art 235: From Cutco Knives to Virtual Operations Revolution with Mike Abramowitz

The Wake Up Call

Description: Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Join Paul and Mike in this engaging episode where they delve into their unexpected journey from discussing AI applications to sharing their personal experiences in entrepreneurship, particularly with Cutco kitchen knives.  Discover how their shift to virtual operations transformed their small business, leading to significant success during the challenging times of the Covid...

info_outline
234: From Island Dreams to Real Estate Schemes with Charles Rose Jr. show art 234: From Island Dreams to Real Estate Schemes with Charles Rose Jr.

The Wake Up Call

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Join us in this episode as Charles shares an inspiring journey from humble beginnings in the Bahamas to becoming a successful real estate investor and coach in the US. Charles delves into their transition from single-family to multifamily properties, international investments, and the impact of heartfelt recommendations. The conversation explores Charles's coaching philosophy, work ethics,...

info_outline
233: Flipping the Future with Scott Jelinek show art 233: Flipping the Future with Scott Jelinek

The Wake Up Call

233: Flipping the Future with Scott Jelinek   Description: Join Scott and Paul in a candid conversation about personal backgrounds and business experiences that paved the way for their unique approach to real estate. Beginning with their diverse journeys, the discussion unfolds into Scott's real estate evolution, from the 1994 investment to the 2007 crash and the valuable lessons learned.  The duo explores the groundbreaking 'Slow Flip' strategy, a distinctive investment approach using short-term private financing and long-term sales for maximum profits. Delve into the 5-year...

info_outline
232: Breaking Real Estate Boundaries with Nicolas Mertens show art 232: Breaking Real Estate Boundaries with Nicolas Mertens

The Wake Up Call

Description: Embark on a riveting journey with Paul and Nick, as they break free from conventional thinking and delve into the world of real estate entrepreneurship. Nick shares his unique experience of navigating the European real estate market, starting from his roots in Belgium to strategically exploring opportunities in multifamily properties.   Learn about Nick's epiphany moment while on vacation in South Africa, where he discovers the powerful mechanics of the BRRR strategy, adapts it to his European context, and leverages investor partnerships to maximize his capital. The...

info_outline
231: Building Lives Beyond Bricks With Jim Sheils show art 231: Building Lives Beyond Bricks With Jim Sheils

The Wake Up Call

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Join Paul and Jim in a captivating discussion that delves into both personal and professional realms. This episode explores Jim's expertise in the 'build to rent' niche, his upcoming book "The Passive Income Playbook," and the dynamic landscape of real estate investment. From the challenges of land development to in-house financing strategies and market expansions, this conversation uncovers...

info_outline
230: Navigating Acquisitions and the SAS Landscape With Michael Frew show art 230: Navigating Acquisitions and the SAS Landscape With Michael Frew

The Wake Up Call

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.  Join us as we delve into the entrepreneurial journey of a seasoned professional, exploring the mechanics of business acquisitions and the lucrative Software as a Service (SaaS) landscape. Discover the unique strategies and personal experiences shared by Michael Frew, offering valuable insights for aspiring entrepreneurs and seasoned investors alike.   Key Points From This Episode:  ...

info_outline
 
More Episodes

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. 

 

Former Navy Veteran and current Real Estate Investor Corey Chonsky joins host Paul Thompson for this episode of “The Wake-Up Call”. Similarly to Paul’s story in the corporate world, Corey saw a financially secure future for himself outside of the military and took a leap into Real Estate Investing. 

 

Beyond the discussion surrounding Corey’s time in the navy, the two go into detail about best practices for investing, regardless of if it's on your own or with a group through Syndication. Knowing how to connect with others, and who to connect with, is likely to determine the success of your Syndication regardless of what sort of deal you’re planning to do.

 

Key Points From This Episode: 

 

  • Measure growth carefully, and don’t bite off more than you can chew.

  • Bring in team members who fill in your gaps– know your weaknesses.

  • A Deal Might fall through, but you can come out better with the new connections you’ve made, as long as they’re carefully vetted.

  • You can’t have someone on your team for the sole purpose of capital– you need an established relationship

  • A great way to get into syndication is to offer a team (like Corey’s) help in some sort of way, services, etc.

  • Being intentional about increasing connections is important when getting into the syndication world. Conferences, podcasts, social media, etc. are all important.

  • “Survive until 2025”... Many people are waiting to see what’s going to happen in real estate in the coming months

  • Get in the Game. You can only learn academically for so long until you have to jump in.



Follow Paul Thompson

• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

• Website | https://pauldavidthompson.com

• Tiktok | https://www.tiktok.com/@pauldavidthompson



Resources:

 

www.fwcinvestments.com/team-member/corey-chonsky    - Official Website for Corey & his business

 

www.open.spotify.com/show/6Ud0FItPdqakMazd9aAQHt - Link to Corey’s Podcast, called “One House at a Time”, available anywhere you find Podcasts

www.PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind

 

I want to help you achieve financial and personal freedom.

  1. Check out THIS link for some valuable resources

  2. Click for a FREE WEBINAR to learn about your 12% ROI.

  3. If you're ready to take action now, let's hop on a CALL now!



About Today’s Guest:

 

Corey Chonsky is originally from Minot, North Dakota. Corey enlisted in the Navy in 1998 and graduated with a Mechanical Engineering degree from the University of Wisconsin-Madison in 2007. He was commissioned as an Ensign in the US Navy and was stationed at Norfolk, VA in 2015. Today, Corey manages commercial real estate syndications across three coastal states. He is a general partner for nine apartment syndications in Virginia, Florida, Maryland, and Texas. Overall, Corey's portfolio consists of $100 million AUM with over $10 million in renovations.