The Wake Up Call
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info_outline 247: How AI is Leveling the Playing Field for Investors with Andrew EinhornThe Wake Up Call
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info_outline 246: Navigating the Complex World of College Planning and FinancingThe 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 lifestyle and economy. In this episode, Paul and Brad delve deep into the intricate world of college planning and financing. They discuss the critical steps involved in the late-stage college planning process, including visits, testing, negotiating with schools, and securing various forms of financial aid. They also explore the differences in guidance counseling services between private and public schools, and...
info_outline 245: Building a Well-Oiled Business MachineThe Wake Up Call
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info_outline 244: Mastering Marriage, Entrepreneurship, and the Art of Living by DesignThe Wake Up Call
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info_outline 243: Leveraging Podcast Guesting to Raise Capital and Build Your Brand with Trevor OldhamThe 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 lifestyle and economy. Trevor Oldham, founder of Podcasting You, shares valuable insights on how real estate investors and entrepreneurs can effectively use podcast guesting as a strategy to raise capital, build authority, and grow their businesses. He discusses the tactics and best practices for identifying the right shows, creating compelling pitches, repurposing content, and nurturing relationships with...
info_outline 242: An Insider’s Guide for Out-of-State Investors with Andrew KimThe 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 lifestyle and economy. Industry experts Paul Thompson and Andrew Kim explore the opportunities and obstacles for investors eyeing single-family rentals across the Sun Belt. With boots on the ground from Dallas to Memphis, Andrew offers hard-won advice for vetting deals, financing purchases, and managing rehabs remotely. Gain valuable perspective on the pros and cons of multifamily versus single-family...
info_outline 241: The Lone Star Journey with Dasha BeardsleyThe Wake Up Call
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info_outline 240: The Microdose Diet Journey with Peggy Van de PlasscheThe Wake Up Call
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info_outline 239: Real Estate Resilience with Jordan SilvesterThe 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_outlineYour 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:
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Measure growth carefully, and don’t bite off more than you can chew.
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Bring in team members who fill in your gaps– know your weaknesses.
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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.
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You can’t have someone on your team for the sole purpose of capital– you need an established relationship
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A great way to get into syndication is to offer a team (like Corey’s) help in some sort of way, services, etc.
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Being intentional about increasing connections is important when getting into the syndication world. Conferences, podcasts, social media, etc. are all important.
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“Survive until 2025”... Many people are waiting to see what’s going to happen in real estate in the coming months
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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.
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Click for a FREE WEBINAR to learn about your 12% ROI.
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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.