Multifamily Insights: Due Diligence for Apartment Investing with Jorge Abreu, Ep. 380
Due diligence and construction management are key aspects of multifamily investing. Jorge Abreu knows this as well as anyone as his company Elevate Commercial Investment Group has invested in over 5,800 units, valued at over $325 million. Jorge also runs JNT Construction, focusing on helping Multifamily Investors with their Due Diligence & Full renovations.
We spoke to Jorge about key aspects of due diligence, mistakes to avoid, and the importance of building a strong team.
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[00:01 – 02:14] Opening Segment
- Jorge talks about his background.
- How he got drawn into real estate.
- He talks about the growth he made in the past four years.
[02:14 – 12:30] Partnerships and Processes
- The importance of implementing the right systems.
- He talks about his first multifamily deal.
- Why he aligned with someone with expertise and partnered with them.
- The importance of bringing diverse skill sets to the table with your partners.
- What to do when starting a partnership.
[12:30 – 27:47] The Due Diligence Process
- The importance of understanding the scope of work during the due diligence.
- He talks about what happens in a pre-construction meeting.
- Why being very clear from the beginning with the contractors is key.
- Jorge's approach to the due diligence process.
- Some of the common things operators miss during the due diligence process.
[27:47 – 32:30] Round of Insights
Working with home owners.
Most Recommended Book:
Picking three things to finish up everyday..
#1 Insight for Investing
Partner with those that complement your skills
Best Place to Grab a Bite in Texas:
Food Glorious Food
To learn more go to Jorge's website.
“If you want to get started and move quickly, partner with those that complement your skills” - Jorge Abreu
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