Jerome Maldonado, a house builder with a net worth exceeding 100 million dollars, shares his entrepreneurial journey from accidental entry into real estate to significant success.We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt--Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyWant to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in Ryan's real estate deals! Go to https://pinedacapital.com Follow Wealthy Investor on Social Media: https://www.instagram.com/_wealthyinvestor https://www.tiktok.com/@_wealthyinvestor --Connect with Jerome! Instagram - https://www.instagram.com/thejeromemaldonado/Get Jerome's ground up real estate guide here - https://www.eliterealestatesociety.com/optin-588935481680887823835?sl=linktreeStarting with a lucrative decorative concrete business, he ventured into real estate as soon as possible. Jerome emphasizes the importance of having a clear plan or "vehicle" to reach a million dollars, urging aspiring entrepreneurs to seek proximity with millionaires and find the right mentors.Despite his wealth, Jerome is cautious about indulging his children's desires, involving them in real estate projects to instill responsibility and a business mindset. He and Brian discuss the feeling of being "broke" despite significant net worth, highlighting the liquidity challenges that come with extensive investments.Jerome's real estate focus targets the top 24% of the upper-middle class, preferring building homes over flipping. He shares insights into construction loans, owner financing, and finding the right contractor, emphasizing the importance of treating contractor selection like hiring an employee. Considerations include past projects, referrals, punctuality, alignment with business models, and direct communication about concerns.Building costs are estimated at 150-160 dollars per square foot, with an additional 15% for contractor fees and city permits. Jerome advises building every house as if in a recession, focusing on proven features like open kitchens and large closets.Reflecting on his journey, Jerome highlights common mistakes made by beginner investors, such as lack of self-belief, excessive analysis, and succumbing to shiny object syndrome. Transitioning from one million to a hundred million involves strategic partnerships, leveraging valuable attributes and assets for growth.Connect with Jerome Maldonado on Instagram @thejeromemaldonado and visit his website jeromemaldonado.com for more insights. Get Jerome's ground up real estate guide here - https://www.eliterealestatesociety.com/optin-588935481680887823835?sl=linktree---If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863Follow Brian on Instagram - https://www.instagram.com/thebriandavila/

Ver todos los episodios