Electrical engineer turned multifamily master with Jorge Abreu
- E61
- 34:52
- June 1st 2021
Join Vince and Duc as they chat with Jorge Abreu about how he became a master in the multifamily business. Jorge is the CEO of Elevate Commercial Investment Group and JNT Construction based in Dallas, Texas. Along with his partners, he currently owns over 2,100 units on the GP side and over 2,400 units on the LP side. Before multifamily, he has wholesale opportunities, single-family homes, fixed and flipped over 150 homes, and developed over 20 million dollars worth of ground construction. Today, Jorge shares his story from being an electrical engineer to being a champion in multifamily syndications and more. There’s a lot to unpack, so stay tuned and enjoy the episode!
Outline of the episode:
● [00:56] Jorge’s journey from being an electrical engineer to getting into passive income.
● [04:12] Applying traction to the business.
● [05:04] The organizational chart of Jorge’s business.
● [06:12] How having an integrated construction company helps in executing business plan deals.
● [07:09] Growing the business with the help of networking.
● [07:53] How Jorge decided to pick South Dakota as his market.
● [09:03] Jorge talks about his current deals.
● [10:57] Strategies Jorge has applied when getting into different deals.
● [13:35] New projects of Jorge’s company.
● [17:48] Jorge shares how they work with the design of their buildings.
● [21:03] Asset management strategies and ways to extract value and increase NOI.
● [28:32] Jorge’s book recommendations other than Rich Dad, Poor Dad.
● [29:05] Jorge’s superpower and the biggest lesson he learned from his career.
● [29:55] Advice for the busy working professional working towards financial freedom.
Resources:
● Website
● Traction: Get a Grip on Your Business by Gino Wickman
● Can’t Hurt Me by David Goggins
Connect with The Cashflow Project!
● Website
● Youtube
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com