Welcome to a new episode of The Founder Podcast! Today, we're excited to have real estate investor and entrepreneur Jerome Maldonado joining us. Jerome has built an impressive $600 million real estate portfolio over the past 28 years, focusing on sustainable and workforce housing. What's fascinating about Jerome's journey is his unique perspective on working with immigrant business partners versus those from the US. He believes immigrants who aren't "jacked up" by the US education system often make better partners, as they're more eager to learn. Dive into Jerome's insights and lessons learned over his 30+ years in the industry and discover a new perspective on education.

Highlights: 

"You know, what's great about America is that I love and I tell people, this is I'll take an immigrant as a business partner over somebody from the United States nine times out of 10."

"If I would have known 10 years prior that people would have really believed in me, I would have grown exponentially."

"What I caught it big is when we're going to the 2008 recession, I bought a bunch of subway stores."

Timestamps:

00:00 - Introduction

03:42 - Scaling Through Outside Capital 

05:07 - Lessons Learned Over 28 Years in Real Estate 

11:21 - Dealing with "Bottom of the Barrel" Employees 

15:00 - Navigating Economic Challenges 

21:00 - Dealing with Investor Emotions 

24:40 - Adapting Strategies Amidst Rising Costs 

27:51 - Transitioning to a More Hands-Off Role 

37:59 - The Curious Case of American Food

50:16 - Jerome’s Tips for Better Relationships01:02:30 - Jerome’s Future Goals and Plans

01:12:50 - The Power of Enjoying the Now & Conclusion

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