5 Talents Podcast - How To Build Wealth Through Real Estate

Welcome to the 5 Talents Podcast. I’m your host Abel Pacheco. Today I had the pleasure of speaking with the Co-Founder and CEO of Elevate Commercial Investment Group, Jorge Abreu. Jorge is an Active & Passive Full Time Multifamily Real Estate Investor with 1,720 Doors on the GP side & over 1,400+ doors on the LP side. He also owns a construction company, JNT Construction, that focuses on helping Multifamily Investors with their full renovations.

[00:01 - 06:29] Opening Segment 

• Let’s get to know Jorge Abreu 
• 14 years in single and multifamily  
• Jorge gives us a bit of background on his story 

[06:30 - 12:03] Making the Shift to Multifamily 

• Jorge talks about why he switched to multifamily  
• Building generational wealth through syndication 
• Jorge walks us through what he’s doing currently  

[12:04 - 17:48] Starting the Networking Process 

• Jorge talks about his start in the Syndication process 
• Finding and vetting the team through networking  
• Jorge shares his current networking strategy  

[17:49 - 24:28] Break into Your First Deal 

• Jorge gives advice on how to get into the deal flow 
• Get you criteria together and get to work  
• Jorge talks about his first successful deal and what he learned 

[24:29 - 32:30] Accelerate Your Success By Getting a Coach  

• Jorge talks about his mindset around hiring a coach early on 
• Jorge talks about getting into as many resources as possible  
• Insights on how to find and vet a coach, with examples  

[32:31 - 37:47] Closing Segment 

• Jorge gives advice on bringing value where you can  
• How to reach out to Jorge 
• Links below 
• Last words of advice to passive investors 
• Final words from me and Jorge 

Tweetable Quotes:

“I started looking more into Multifamily… I just started digging deep and once I felt comfortable enough with the process I felt that this is where I needed to be, that this where I was gonna build that generational wealth and I haven’t looked back since.” - Jorge Abreu

Resources:

●     5TCRE Investments

●     5TCRE Free ebook

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Connect with Jorge on LinkedIn and email [email protected].. Also, Follow @elevateCIG on YouTube, Facebook, Instagram and LinkedIn or go to https://www.elevatecig.com/.

Connect with me:

https://www.5tcre.com/

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Watch 5T CRE on YouTube

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Email us --> [email protected]

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Welcome to the 5 Talents Podcast, the show that helps you learn the best tips in Real Estate Investing from the best Real Estate Professionals. I’m your host Abel Pacheco. Today I had the pleasure of speaking with Yonah Weiss. Yonah works for Madison Specs and is an expert in saving millions in taxes for property owners using his method of Cost Segregation. 

[00:01 - 07:10] Opening Segment

●     Welcome to the Podcast! I introduce Yonah Weiss 

●     Yonah gives us a bit of background 

[07:11 - 18:20] Breaking Down Cost Segregation 

●     What is Cost Segregation and Accelerated Depreciation?

●     Multifamily assets vs. single family assets in depreciation 

●     The four categories of value 

●     It’s an engineering method that combines with taxes

●     How this method applies to each asset class 

[18:21 - 27:55] Utilizing Bonus Depreciation

●     Yonah walks us through the next level of accelerated depreciation with examples

●     The bonus is a choice, you can choose to take it all in year one or spread it out

●     Your depreciation from one property can be used between all your properties 

●     I talk about how bonus depreciation worked for me 

[27:56 - 33:29] Yonah’s Investing Advice 

●     Yonah talks how to know if you’ll benefit in an investment

●      Examples of projecting losses 

[33:30 - 41:46] Closing Segment

●     How can people reach out to you?

        ○     Info and links below

●     Why do you give so much value back?

       ○     Yonah’s business and life philosophy 

●     Last advice for what to do during this time?

       ○     Double down on social networking 

●     Final words of wisdom from Yonah and me

Tweetable Quotes:

“It’s not just a tax method, it’s not just an accounting method, it’s an engineering method that combines with the taxes.” - Yonah Weiss

Resources:

●     5TCRE Investments

●     5TCRE Free ebook

●     Madison Specs

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Connect with Yonah on LinkedIn, and Facebook @YonahWeiss. Visit https://www.yonahweiss.com/ to learn more and check out the Weiss Advice Podcast. 

Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Email us --> [email protected]

Support the show