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On this episode of Get Creative, we dive into the world of real estate with Pedro Cardona, a master of the foreclosure market in Puerto Rico. From unexpected acts of kindness to securing ocean-view penthouses, Pedro shares his journey of leveraging Subject To deals to navigate the tricky waters of pre-foreclosures and auctions. His story is not just about the deals; it's a testament to community, resilience, and the power of creative finance. Tune in for a dose of inspiration, practical tips, and the kind of real estate magic that happens once in a blue moon!
Highlights:
"And at least give you a little back from as much as you're always given. Hey man, I appreciate you dude."
"The foreclosure process in Puerto Rico can take a while sometimes... it gives me that advantage because I've got the capital to be able to do that."
"Total profit was 72 grand... What's amazing to me is the fact that guy was in the situation in the first place... He probably was like emotionally just over this property years and years ago."
Timestamps:
00:00 - An Unexpected Act of Kindness
00:54 - The Power of Community
01:22 - A Thrilling Deal
02:18 - Behind on Payments
03:17 - Strategy in Slow Foreclosure
04:44 - Foreclosure Frequency
06:07 - Detective Work in Real Estate
07:03 - Gated Community Challenge
10:22 - To Airbnb or Not
14:39 - Looking Ahead
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