In this episode, host Jim Oliver interviews guest expert Jerome Maldonado, a seasoned construction entrepreneur. Jerome shares his inspiring journey and highlights the importance of perseverance and adaptability in entrepreneurship. The conversation delves into Jerome's experience in the construction industry, his focus on affordable multifamily housing, and his unwavering determination to succeed.
Key Takeaways:
- Affordable housing is inportant, especially in the current housing crisis, creating lucrative investment opportunities in the multifamily housing sector.
- Jerome Maldonado's entrepreneurial journey spanning three decades showcases the value of perseverance and adaptability in overcoming setbacks and achieving success.
- The transition from single-family residential and retail development to multifamily housing, with a focus on ground-up construction, presents a viable pathway forentrepreneurs interested in real estate investments.
- Planning for worst-case scenarios and avoiding over-leveraging are essential strategies to mitigate risks in the real estate market, as discussed by Jim and Jerome.
