Episode #139: Jerome Maldonado - New Construction

The value of your time versus the value of your returns: a statement to remember when you find yourself investing in real estate! Jerome Maldonado, a successful real estate investor and business owner, is here to discuss removing the intimidation factor and going big. As an owner and manager of both residential and commercial properties, Jerome’s wisdom on multi-use real estate allows him to give us useful predictions for 2023, and why it will be the year that value add proposition will be more profitable than new construction. You will hear about his humble beginnings in owning a concrete business, how the 2008 recession allowed him to discover adaptive reuse projects, his new and current development projects, why you need to create a good relationship with banks, and the current loan-to-cost ratio. Tune in to hear the advice Jerome would give to his younger self, and why, despite logic, there is more to lose when doing smaller deals.Key Points From This Episode:A little bit about the guest, Jerome Maldonado.How Jerome ended up in adaptive reuse projects and investments.Jerome’s new development projects.Why he always compared the value of his time to the value of returns. The positives of high-interest rates.Two main criteria that Jerome has when purchasing new land for new construction.Why he compares numbers to 2019.The biggest obstacles he is currently facing in new construction.Exploring the current loan-to-cost ratio.Jerome’s advice for his younger self.Why smaller constructions are actually the same as larger ones.Jerome’s 2023 real estate predictions.Links Mentioned in Today’s Episode:Jerome MaldonadoJerome Maldonado on TwitterJerome Maldonado on LinkedInJerome Maldonado on InstagramJerome Maldonado on YouTubeAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn