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.
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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=linktree

Starting 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

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