Filling Your Pipeline and Getting the Most Profit from Every Deal with Cory Nemoto
For this episode, I am excited to interview Cory Nemoto. Cory is the co-owner & founder of KECO Capital. He began his real estate investing career in 2011 in Southern California while in college. After graduating, Cory moved back to Hawaii, where he currently manages his business. Cory has been involved in multiple investment deals ranging from relocation, renovation, and new home development projects. He has also been featured on multiple nationally-renowned investment podcasts, as well as a guest speaker at several local real estate meetings.
Cory first shares his background story and how he initially got into real estate investing. He talks about how he got interested in business towards the later part of his degree. Cory thinks that he always has the entrepreneurial spirit and just didn't know where it would take him. We discussed the question if entrepreneurs are born or made. Cory thinks that many people are born to be entrepreneurs, but they just need the right environment or the right circumstances to bring it out of them.
We talk about Cory’s perspective of the real estate market over the next twelve to eighteen months. The market is in such an interesting position right now, being white-hot because of the low inventory and low-interest rates. Cory says that they are optimistic now, but in the practical mindset where their company is preparing for the worst and hoping for the best.
Cory talks about the mission of his company, KECO Capital. He and his partner had borrowed millions of dollars themselves for investing across markets and saw a huge need in the marketplace to provide affordable capital to other investors. They have a passion to serve new and seasoned investors with not only financing for their deals, but also practical guidance, trusted advice, and genuine encouragement and support. They understand the critical role they can play in helping other investors to scale their businesses to provide more jobs, great housing, and stimulate local economies. We discussed at length how their process works and how it is dealing with other investors.
We talked about the strategies that Cory utilizes to keep his pipeline full. According to Cory, the basic key to deal flow is establishing great relationships. We discuss the reasons why people might not want to get into real estate investing. Cory points out the need to have the stamina to keep going and have perseverance through difficulties in order to be successful in this business. We talk about the level of risk-taking that investors need and how to evaluate how much risk each person can bear because it is subjective.
This fantastic episode with Cory Nemoto is filled with actionable advice and great investing insight so don’t miss this installment of the Just Start Real Estate Podcast!
Notable Quotes:
“It didn’t seem like a good business plan to work a corporate job, save for retirement, and just pray I would have enough to last.”
- Cory Nemoto
“I felt lazy and a little bit ashamed to have the feeling that I didn’t want to work forever.”
- Cory Nemoto
“I was on the corporate track for many years and had no interest in starting my own business. But when I did, I was like ‘Woah. This feels right.’”
- Mike Simmons
“I always say that it's best to figure out what value you can offer in order to start networking and building relationships.”
- Cory Nemoto
“You want to build genuine, mutually-beneficial, lifelong relationships with people.”
- Cory Nemoto
“I think the true goal is to find financial freedom so you can build a nice piggy bank and explore other opportunities.”
- Cory Nemoto
Links:
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
