Due diligence and construction management are key aspects of multifamily investing. Jorge Abreu knows this as well as anyone as his company Elevate Commercial Investment Group has invested in over 5,800 units, valued at over $325 million. Jorge also runs JNT Construction, focusing on helping Multifamily Investors with their Due Diligence & Full renovations.
We spoke to Jorge about key aspects of due diligence, mistakes to avoid, and the importance of building a strong team. LISTEN HERE:
Announcement: Download Our Sample Deal and Join Our Mailing List
[00:01 – 02:14] Opening Segment
Jorge talks about his background.
How he got drawn into real estate.
He talks about the growth he made in the past four years.
[02:14 – 12:30] Partnerships and Processes
The importance of implementing the right systems.
He talks about his first multifamily deal.
Why he aligned with someone with expertise and partnered with them.
The importance of bringing diverse skill sets to the table with your partners.
What to do when starting a partnership.
[12:30 – 27:47] The Due Diligence Process
The importance of understanding the scope of work during the due diligence.
He talks about what happens in a pre-construction meeting.
Why being very clear from the beginning with the contractors is key.
Jorge's approach to the due diligence process.
Some of the common things operators miss during the due diligence process.
[27:47 – 32:30] Round of Insights
Apparent Failure:
Working with home owners.
Digital Resource:
Syndication Pro
Most Recommended Book:
Daily Habit:
Picking three things to finish up everyday..
#1 Insight for Investing
Partner with those that complement your skills
Best Place to Grab a Bite in Texas:
Food Glorious Food
Contact Jorge:
To learn more go to Jorge's website.
Tweetable Quotes:
“If you want to get started and move quickly, partner with those that complement your skills” - Jorge Abreu
Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.