During these trying times of a global health crisis, economies worldwide suffered a recession and a lot of industries are facing a very uncertain future. But for businessman and real estate investor Jerome Maldonado, consistency will spell the difference on who will survive in the industry amid these trying times.
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In part two of our conversation with Jerome, he shares how important it is to prepare for any possible downturn in your business or real estate deals. Jerome generously talks about his experience when the country faced the 2008 recession and now the COVID-19 pandemic. He shares his personal experience of overcoming hardships brought by unprecedented situations. In this episode, Jerome shares invaluable tips, so you can succeed in your career and even in life.
Key Points From This Episode:
- Jerome shares how to prepare for any possible downturns.
- Jerome’s prediction on the real estate industry in 6-12 months.
- The importance of having a plan especially this year amid the COVID-19 pandemic.
- Why it is important to have cash reserves.
- The daily habit that helped Jerome achieved success.
- Jerome shares his best source for meeting new investors right now.
“So once we get to a point where all the warning signs are on the wall, I start to pivot, so I started to slow down on development.” [0:03:04]
“I do what it takes and I urge people, you know each day when you wake up, really give your day 100% of you and God will give you the rest.” [0:09:11]
“The biggest factor that determines the difference between you beating them or them beating you is who sticks around longer. The person that’s gonna win is the one who stays the most consistent for the longest duration of time.” [0:11:05]
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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