Education is one of the keys to success. The more knowledge you have, the more informed your decisions can be. Abel Pacheco, today’s guest, saw the power of education firsthand and has been able to grow his real estate portfolio beyond his wildest dreams. We kick off the episode by learning more about his transition from his W-2 in IT sales to full-time real estate investing.
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Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.
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Despite his incredible career success, Abel realized that he’d continually have to work harder just to maintain his income. Through research and education, he realized that syndication was the key to growing his wealth. We then look at the various educational materials he used to learn more about the business. From there, we discuss how Abel’s fantastic partnership with his wife has helped him succeed. With a shared vision for their lives, they are willing to make the necessary sacrifices to get there. We round the show off by talking about the importance of a great team and some innovative ways to meet investors. Be sure to tune in today!
Key Points From This Episode:
- Learn about Abel’s background, his real estate journey, and his current investing focus.
- Find out about Abel’s mindset shift that led him to pursue syndication.
- Some of the ways that Abel educated himself to gain the confidence to do multifamily.
- The role that Abel’s wife played in achieving the kind of success he has.
- Why it’s important to have a good partner in life, who you share a grand vision with.
- The hardest part of syndication for Abel.
- Abel’s flywheel approach to hiring and why he finds people who are better than him.
- Best ways to meet investors and mentors pre-COVID and currently.
- The biggest contributor to Abel’s success and how he likes to give back.
[bctt tweet=”They say knowledge is power but implemented knowledge, that will change your life. — Abel Pacheco” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Abel Pacheco
Abel Pacheco is a real estate entrepreneur from Texas with a proven track record of repositioning properties, delivering quality renovated housing products to market, and delivering consistent returns to investment partners. Abel has experience in acquiring distressed properties, managing renovations, raising private capital, and managing single-family and multifamily investment property. Abel and his wife live in San Antonio Tx. Since 2008 they have invested, owned & operated income‐producing properties. Abel is invested in $59MM of Commercial Real Estate in 802 doors. He is a General Partner & Principal in 392 doors, and a Limited Partner in 534 doors. He is also developing a $14MM, 156-unit complex, from the ground up. His wife, Leslie, is also a Limited Partner in 282 doors herself. Before Real Estate investing career, Abel was a Senior technology sales executive with a consistent track record of surpassing quarterly and annual sales objectives. He also brings 20 years of professional experience including a verifiable “10x” track record ($5.6MM of acquisitions in 2010 to $57MM of acquisitions in 2015). He is a closer with the ability to build and lead teams, recruit sales talent, and the knowledge of successful strategies in the commercial real estate industry. 20 years of progressively complex sales execution and sales management experience across computer software, cloud management, workforce management, and enterprise software. Abel Pacheco is the sole owner of 5 Talents Commercial Real Estate, Inc. which manages all aspects of acquisition, repositioning, and sale of single-family and multifamily properties in Texas & New Mexico. Mr. Pacheco is a Coach for Apartment Educators, an education company focused on multifamily investing. He also co‐hosts a multifamily meetup monthly providing free multifamily investing education for others in the community Abel earned a Bachelor of Business Administration from the University of Texas at San Antonio. He has been married to his wife Leslie since 2006. They reside in San Antonio with their 2 children. Abel has a broad network of experienced and trusted advisors, attorneys, brokers, investors, and accountants that facilitate the continued success and growth of 5TCRE. During downtime, Abel enjoys travel, family time, and is a continuous learner, practices Kung Fu, and serves as a Deacon at Greater Joy Church.
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