Episode #112: CapEx Best Practices with Jorge Abreu

In real estate investment, it’s easy for operators to make big and costly mistakes when it comes to capital expenditures (CapEx). Someone with unique insight into this is today’s guest Jorge Abreu. Jorge has been investing in real estate for over 15 years. He is a qualified electrical engineer and is responsible for founding and building a construction company that brings in over $30 million in yearly revenue while still growing. Jorge and his company, Elevate Commercial Investment Group, currently have almost 7,000 doors and $450 million under management. In this episode, you’ll hear about some of the key things that someone without a background like Jorge’s may miss when walking a property. To find out what mistakes operators typically make when it comes to CapEx and how Jorge has changed his CapEx strategy with the rise in interest rates, tune in today!Key Points From This Episode:An introduction to Jorge Abreu and his career in construction and real estate investing.   What led him to study electrical engineering and start a construction company.Some of the key things that someone without a background in construction or electrical engineering may miss when walking a property. Some of the mistakes operators typically make when it comes to CapEx.How inflation adds to the uncertainty of whether or not you have enough for CapEx. How Jorge has changed his CapEx strategy with the rise in interest rates and the softening of pricing. What kinds of projects Jorge targets when factoring in his CapEx. The hardest deal that Jorge has ever had to work through at the start of COVID and how he was able to pivot. Jorge’s asset management superpower. How to find out more about Jorge’s business, Elevate Commercial Investment Group. Links Mentioned in Today’s Episode:Jorge Abreu Jorge Abreu’s EmailElevate Commercial Investment GroupAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInGarzella Group