The Multifamily Wealth Podcast #22: Wholesaling 200+ Properties, Starting A Construction Company, and Buying 1,720+ Units with Jorge Abreu
Jorge has been Investing in Real Estate for over 15 years now. He started in Single-Family and small Multi-family properties. He has wholesaled over 200+ Properties, Fixed & Flipped over 100+ properties, and developed several new construction projects, over $20M in the ground up. My main focus now is on large Multifamily properties. He is currently an Active & Passive Full Time Multifamily Real Estate Investor with 1,720 Doors on the GP side & over 1,400+ doors on the LP side. Jorge is the CEO of Elevate Commercial Investment Group. He also owns a construction company, JNT Construction, that focuses on helping Multifamily Investors with their full renovations.
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Show Notes:
2:56 Jorge shares what he did earlier in his career and how he got into real estate.
8:37 We discuss the benefits of having construction services vertically integrated with your business.
11:10 Jorge shares what an investor should consider when bringing construction in-house and his favorite benefit.
13:00 We discuss the challenges Jorge faced while starting his real estate career.
18:36 Jorge shares tips on how to successfully find deals in your market.
21:05 We talk about cold calling and how it can be a more personal approach to prospecting.
27:48 Jorge shares the key aspects he pays attention to while doing due diligence on a property.
31:45 Jorge shares the areas he feels he has an advantage in, as a result of vertically integrating construction.
34:42 We discuss how Jorge calculates his CapEx costs.
40:13 Jorge shares what he attributes to his success in his real estate business.
41:58 We discuss what Jorge would do differently if he was starting his business again.
CONNECT WITH JORGE:
https://www.instagram.com/jorgemultifamily/?hl=en
https://www.linkedin.com/in/jorgelabreu/
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