The past year has brought a great challenge not only in the real estate industry but to all industries globally. The pandemic toppled economies worldwide. Today, industries are slowly adapting to our new normal and trying to pick up the pieces. In this episode, we speak to Jerome Maldonado about how to find opportunities in a time of distress. Jerome shares invaluable wisdom he gained over his more than 20 years of experience as a businessman and a real estate investor.
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He shares how he moved from investing in residential properties to converting hotels and industrial warehouse spaces. He also talks about how partnering with other syndicators helped him and how he was able to incorporate systems and processes that are beneficial to his endeavor in the industry. Jerome has been living a low debt lifestyle and he shares great advice on how you can achieve one. Listen in!
Key Points From This Episode:
- Jerome talks about his over two decades career as a businessman, salesperson, and real estate investor.
- Jerome talks about his real estate journey from investing from residential to commercial buildings.
- Why Jerome shifted his focus on hotel conversions and industrial warehouse spaces.
- Jerome shares tips on how to prepare to move into a different sector.
- Jerome emphasizes the need to test the market and test a specific property even.
- Jerome talks about his experience of partnering with other syndicators.
- How Jerome’s construction business experience helped him on his real estate ventures.
- Jerome shares how he was able to incorporate systems and processes in his real estate investments.
- Jerome talks about the importance of having a plan and sticking to it.
- How to structure your lifestyle on low debt and what that’s done for Jerome for the long term
“I always tell people where there’s a time of distress, there’s a mass opportunity. You just have to figure out how you pick up the pieces and position yourself to take advantage of it.” [0:05:32]
“So there’s good debt and bad debt. Good debt is debt that we take on, it is cash producing and a pace for itself, the asset pays for itself and it gives you cash flow. And there’s bad debt, cars, automobiles, fancy trips, stuff like that.” [0:17:40]
Links Mentioned in Today’s Episode:
About Jerome Maldonado
Jerome Maldonado is a highly successful real estate investor, business owner, salesmen, coach, and speaker. Inspired by his parents’ dedicated work-ethic, Jerome has always had a hunger for success and a willingness to do whatever it took to make his vision for his life a reality. Starting from scratch, he struggled for many years to get his business off the ground, but from this, he learned what it really takes to build an empire from the ground up. After years of honing in his skills in sales, team building, and real estate concepts, Jerome finally built his first 6 figure business in his 20s. In 1997, Jerome began to explore the business, outside the direct sales arena. In 1998, Jerome pioneered a new construction company which he took to seven figures, in less than one year. With much success came the need for expansion. Understanding the simple concepts and benefits of leasing real estate, he purchased multi-use retail and commercial property to house his business. Jerome found the traction and confidence which has allowed him to do millions upon millions of dollars in residential and commercial real estate transactions and holdings.
Over the span of his 20-year career, Jerome has built an eight-figure empire and has mentored people from around the world in sales, real estate, and business. His unique ability to streamline results is what makes Jerome’s training high in demand as his methods are NOT found anywhere but inside of his teachings.
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