Real Estate in 2025 – Jerome Maldonado

  • SUMMARY:

    The King’s Brotherhood Weekly Meeting discussed various topics, including a book launch and a $3,500 Chanel purse giveaway to promote a podcast. The meeting emphasized the importance of the Holy Spirit and dopamine in personal growth. Jerome shared his entrepreneurial journey, highlighting his transition from multi-level marketing to real estate, including building single-family homes, retail centers, and multi-family developments. He stressed the importance of risk management, focusing on smaller projects, and adapting to current economic challenges. Jerome also advised on strategic financing, emphasizing local lenders and HUD compliance for favorable loan terms. Jerome discussed his land development strategy, recommending selling two-thirds of 140 units to pay off the remaining third, retaining a third for freehold. He emphasized the risks and lengthy commitment of land development, sharing his experience of developing 40-acre plots over two years, selling in phases, and retaining 25-35% for personal gain. He highlighted the impact of the 2008 recession, noting that scaling back to 12 homes annually post-recession was more profitable than building 68 homes in 2007. Jerome also mentioned his transition to multi-family projects and his willingness to share his knowledge with others.


    OUTLINE:

    Launching a Book and Giveaway

    • Speaker 1 discusses a book launch where the author doesn’t sign books but did it for a friend, Amanda.

    • A $3,500 Chanel purse is being given away to promote the podcast, despite concerns about its effectiveness.

    • Speaker 1 expresses mixed feelings about the giveaway, questioning its value compared to advertising dollars.

    • The giveaway is seen as beneficial for participants, regardless of its financial impact on the author.

    Opening the Meeting and Prayer

    • Speaker 1 begins the meeting with a prayer, thanking for the Holy Spirit and the ability to see each other’s faces.

    • Emphasis on the transformational power of the replay for those watching.

    • Speaker 1 reflects on the world’s dopamine-filled environment and the balance between convenience and instant gratification.

    • The Bible’s role in providing dopamine hits and the importance of reading it to gain new perspectives.

    Exploring the Bible and Personal Growth

    • Speaker 1 shares insights from reading Genesis, emphasizing God’s consistent care for His people.

    • Comparison between Moses’ doubts and the disciples’ struggles with faith and boldness.

    • The role of the Holy Spirit in empowering the disciples and the importance of faith and confidence.

    • Encouragement to read the Bible for personal growth and understanding God’s character.

    Moses’ Excuses and God’s Solutions

    • Speaker 1 highlights Moses’ excuses and how God provided solutions for him.

    • The importance of addressing concerns to God and receiving solutions.

    • The disciples’ initial lack of boldness and the transformative power of the Holy Spirit.

    • The prayer for boldness, confidence, and power in accomplishing God’s mission.

    Proverbs and Personal Development

    • Speaker 2 mentions using the Bible recap plan and the impact of travel on his reading schedule.

    • Speaker 3 shares insights from Proverbs, focusing on the power of words and speaking life.

    • The importance of rethinking how to speak life over loved ones.

    • Speaker 1 and Speaker 3 discuss the Proverbs 31 woman and the daily reading routine.

    Introduction of Jerome and His Entrepreneurial Journey

    • Speaker 1 introduces Jerome, highlighting his long-term entrepreneurial experience and diverse projects.

    • Jerome shares his journey from multi-level marketing to real estate, emphasizing the importance of sales experience.

    • The transition to construction and the challenges of starting with no experience.

    • The success in building single-family homes and retail centers, and the impact of the 2008 recession.

    Expanding into Multi-Family and Subway Franchises

    • Jerome discusses the shift to multi-family projects and the financial challenges of the 2008 recession.

    • The diversification into Subway franchises and the creative use of subway stores to stabilize real estate.

    • The pivot to value-add multi-family projects in Phoenix and the success in acquiring properties at low costs.

    • The sale of a multi-family portfolio for a significant profit and the investment in an 84-unit apartment complex.

    Building Ground-Up Multi-Family Developments

    • Jerome’s decision to build ground-up multi-family developments and the challenges of raising capital.

    • The partnership with Grant Cardone and the lessons learned in raising capital and scaling projects.

    • The success in building a 130-unit apartment complex and the impact on the local community.

    • The importance of personal branding and building a community of like-minded individuals.

    Current Economic Challenges and Strategic Moves

    • Jerome discusses the current economic challenges, including high interest rates and the impact on lending.

    • The shift to smaller multi-family projects and the benefits of local lenders and credit unions.

    • The importance of complying with HUD requirements to secure favorable financing terms.

    • The strategic decision to shelve large projects and focus on smaller, more manageable developments.

    Advice for Real Estate Developers

    • Jerome advises focusing on smaller multi-family projects and the benefits of local lenders.

    • The importance of understanding the market and making strategic decisions based on economic conditions.

    • The need to manage risk and focus on one project at a time to avoid overwhelm.

    • The importance of staying current and adapting to changing market conditions.

    Final Thoughts and Q&A

    • Jerome emphasizes the importance of mindset and decision-making in achieving success.

    • The need to surround oneself with the right people and maintain a positive outlook.

    • The importance of continuous learning and staying informed about market trends.

    • The Q&A session addresses specific questions about real estate development and the current market conditions.

    Land Development Strategy Discussion

    • Speaker 4 discusses the stressful nature of land development and suggests selling two-thirds of 140 units to pay off the other third, retaining ownership of one-third.

    • Speaker 4 emphasizes the risks and lengthy commitment involved in land development, highlighting its profitability but cautioning about the risks.

    • Speaker 4 suggests de-risking the project by working with large home builders like DR Horton, Pulte, or Toll Brothers, aligning development efforts with them.

    • Speaker 4 shares personal experience from Las Vegas, where they developed large projects and sold to custom home builders, retaining a portion of the development for themselves.

    Challenges and Strategies in Volume Building

    • Speaker 4 explains the time-consuming nature of land development, typically taking about two years to fully entitle a 40-acre project.

    • Speaker 4 compares the profitability of building 68 homes in 2007 versus 12 homes in 2012, noting that the net profit was significantly lower despite greater effort and risk in the larger project.

    • Speaker 4 advises caution when scaling up volume building, emphasizing the need for a sustainable business model to avoid overextending and servicing debt.

    • Speaker 4 recounts the impact of the 2008 recession, which forced them to scale down to 12 homes per year, leading to a decision never to scale back up again.

    Transition to Multi-Family Projects

    • Speaker 1 expresses interest in discussing multi-family projects with Jerome, noting his experience and the potential for learning from it.

    • Speaker 1 mentions plans to join a company focused on multi-family projects and seeks insights from Jerome on the size and efficiency of such projects.

    • Speaker 1 appreciates Jerome’s willingness to share his experiences and the challenges he faced, highlighting the importance of learning from difficult experiences.

    • Speaker 1 looks forward to future discussions on multi-family projects and acknowledges the value of Jerome’s expertise.

    Closing Remarks and Future Plans

    • Speaker 1 thanks Jerome for his insights and contributions, expressing excitement about future meetings and potential collaborations.

    • Speaker 1 mentions the plan to record the meeting and make it available for review, appreciating the participation of Josh and Jerome.

    • Speaker 1 invites Jerome to provide a brief introduction for the recording, highlighting his experience in single-family flips and multi-family projects.

    • Speaker 1 and Speaker 4 exchange final appreciations, expressing gratitude for the meeting and looking forward to future interactions.



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