Today on The Wealth Secrets Podcast, Sean Adams talks to Jorge Newbery, Founder and CEO of AHP Servicing, a crowdfunded company that purchases non-performing mortgages from banks at huge discounts. We discuss how he runs a successful for-profit business, the rise and fall of his real-estate empire, and how the average investor can invest in companies through crowdfunding.

[04:06] How Jorge got into Entrepreneurship

[06:30] How Jorge Built a Multi-Million business and Lost it in 18 months

[24:43] The Pivotal Moments in Jorge's Entrepreneurial Journey

[34:13] Why Banks Detest Helping Homeowners

[46:30] How the Average Investor can Utilize Crowdfunding to Grow Their Portfolio

How Jorge Built his Real-Estate Business and Lost it in 18 Months

Unlike other kids his age, Jorge was already selling ice cream to kids in his neighborhood at age 12. By the time he was 16, he had a recording studio but hit his first jackpot when he ventured into real estate. He started out with 4 units and eventually bought an 1100-unit flat that was one of the country's largest apartment complexes.

His downward spiral started when an ice storm rendered his building powerless and therefore not fit for human occupation. HUD terminated all his contracts, took over the property, and left him with a $26 million debt. He spent 13 years building his empire, yet it took only 18 months to lose everything and be stuck in debt.

The Pivotal Moments in Jorge's Entrepreneurial Journey

By this time, Jorge was practically financially crippled and spent most of his time battling creditors. Fortunately, he never filed for bankruptcy and came out of the experience with a wealth of knowledge on dealing with overwhelming debt. He realized that many creditors make mistakes that can be used when faced with foreclosure. And that's how he started his business. Jorge helps homeowners keep their homes by offering alternatives that protect them from foreclosures and gives them adequate time to settle their debts.

How The Average Investor can get Into the Non-Performing Mortgages Space

For the longest time, the average investor has been blocked from lucrative investment opportunities because of their shallow pockets. That was until the early 2010s when crowdfunding started taking root. With crowdfunding, a low-income investor can invest money in a business and get guaranteed returns over a specified period of time. In Jorge's case, his company allows people to invest in the company with as little as $100.

Links and Resources

Jorge’s Website

Jorge’s LinkedIn

Jorge’s Book Burn Zone

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For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.