Working Capital The Real Estate Podcast

Over 1,000 apartment units with Jorge Abreau|EP30

Dec 2, 2020

In This Episode

Jorge Abreau has been Investing in Real Estate full time for over 14 years. He started in Single Family and small Multifamily properties. He has wholesaled over 200+ Properties, Fixed & Flipped over 100+ properties and developed several new construction projects, over $8M in ground up. For the past 3 years he has been solely focused on large Multifamily properties. Jorge is currently an Active & Passive Full Time Multifamily Real Estate Investor. he has 1,720 Doors on the GP side & over 1,400+ doors on the LP side. He currently has another 850 Doors under contract on the GP side as well.

He is the CEO of Elevate Commercial Investment Group. Also, owns a construction company, JNT Construction, that focuses on helping Multifamily Investors with their full renovations. He is based out of Dallas & currently owns properties throughout Texas & Oklahoma but open to other areas as well. His strong points are Locating Deals, Due Diligence, Executing CapEx & Raising Equity.

In this episode, we talked about:

  • Jorge’s move from single family to large multifamily deals
  • Portfolio building
  • Raising capital
  • Asset management
  • And more…

 

Resources and Links:

Three Feet from Gold

Connect with Jorge

https://www.elevatecig.com/

 

Transcript

Jesse Fragale (1s):

Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you’re looking at your first investment or raising your first fund, join me and let’s build that portfolio one square foot at a time. Ladies and gentlemen on the show today, I have George <inaudible>. George has been investing in real estate full-time for over 14 years on the GP side, he has over 2000 doors and 1500 doors. Plus on the LP side, he currently has another 850 doors under contract on the general partner side. He’s the CEO of elevate commercial investment group also owns the construction company, J and T construction with a focus on multi-family investments.

Jesse Fragale (48s):

George, how are you doing today?

Jorge Abreau (50s):

I’m doing good, man. I’m very impressed on how you said the last name by the way.

Jesse Fragale (54s):

Not bad. Right. And we’re just talking about that before the show, so that like kind of a Spanish, Spanish influence, but you said you’re a, you’re your <inaudible> yes, sir. Right on. Awesome man. So how did, before we even start, how did you work your way to Dallas and in your, in the Fort worth market? I take it

Jorge Abreau (1m 13s):

Dallas Fort worth market. Yeah. Yeah. I’m originally from South Florida, like you mentioned, my parents are Cuban I’m Cuban American, and grew up in Miami, went to university there to get an electrical engineer degree, always good at numbers. Wasn’t quite sure what to do with that. So that’s kind of where I ended up, but I didn’t really have a passion for it. So I felt like I wanted to own my own, my own company. Wasn’t quite sure what I wanted to do.

Jorge Abreau (1m 54s):

And then started doing some research and just looking at different successful individuals and what, you know, how they had accumulated their wealth. And a lot of it kept coming back to real estate investing. So definitely piqued my interest and I started kind of going down that rabbit hole and, and, and getting educated on, you know, how can I do this? Ended up getting my engineering degree ended up working at ups and engineering department, but really I knew while I was doing that on the side, I was figuring out the single single family investment part of it finally started getting on a roll and, and closing some deals and ended up quitting.

Jorge Abreau (2m 46s):

My W2. That was it’s about 15 years ago now. And then started going heavy into, into the single family. Real estate investments started a lot of fix and flips. That’s what ended up leading me down the path of opening my, my construction company to scale the fix and flips, took it to the point where I started doing some new development projects as well, and some smaller multi-family projects until about four years ago, I got introduced to the syndication world, you know, large multi-family syndications.

Jorge Abreau (3m 28s):

And man, it was like, it lit a fire like that I hadn’t had for a while. I had kind of been stuck in this grind and, and just, you know, I was motivated and I was, I was building the construction company and building the single family investments, but the passion wasn’t quite there. And I found that with, with these large multi-family deals and pretty much changed all my focus to that tenant on the families. Yeah. That’s where I’m at now. So,

Jesse Fragale (4m 7s):

You know, not dissimilar to a lot of the guests, we have, you know, they start in, in the world of, of numbers, whether it’s accounting, finance, and, or engineering and realize that real estate becomes a passion for them. So you mentioned you started in single family homes. What did that first couple deals look like for you, you know, in your initial foray into real estate,

Jorge Abreau (4m 31s):

First ones were, were wholesale deals and this was in Miami when the market was booming. This was before the, the shutdown. Yeah, yeah. Before the big crash. So, I mean, it looks pretty, pretty good. I mean, you know, one of our deals, we made $40,000 just to signing the contract and then started getting into the fix and flips, you know, kind of the large profits. And then the crash came and needed to adjust.

Jorge Abreau (5m 11s):

I decided to move because South Florida was, was hit pretty, pretty hard. So that’s when I moved to Dallas, you know, I checked out different different markets and Dallas just made sense what was going on there, even with the craziness and all the foreclosures, Dallas just seemed to be a lot more stable

Jesse Fragale (5m 36s):

And for, from that process. So you’re, you’re in Florida, you’re doing the fix and flips. Did you kind of get to a point? I hear a lot of people say, you know, that they move into multifamily because they’re tired of the grind of fix and flip because fixing and flipping, you have a, you can potentially have a great amount of income, but you’re pretty much always working. Is, was that your experience as well, man? Yeah.

Jorge Abreau (5m 58s):

You nailed it like 110% men, you know, I was really wanted to scale was scaling was we were doing quite a bit of, of deals at a time, but it was non-stop, you know, it was which, you know, working hard has never scared me. I mean, I’m yeah, I’m, I’m always working, but still, it was truly a grind and yeah. So

Jesse Fragale (6m 32s):

You move into kind of the multi-family side. What’s your first exposure to the multifamily world? Was it, was it with another investor? Was it syndication

Jorge Abreau (6m 44s):

The first time I actually stepped into a deal, I guess, is that,

Jesse Fragale (6m 48s):

Yeah, maybe, maybe even before that, when you, when you started to realize that maybe multifamily was something or when you were initially exposed to it, that it was something that might be of interest to you.

Jorge Abreau (6m 59s):

Yeah. I mean, it was, it was instant, you know, so we were doing a renovation for it’s weird. So the construction company started making a shift over to more commercial and multifamily renovations before my investments did it just, I landed a couple commercial clients and I saw how much easier they were to work with and how they were more business minded and kind of, you know, just, they knew where they wanted, got it done. They weren’t overly picky or anything like that, or emotionally attached to some of this stuff, which I had ran into on the, on the single family side.

Jorge Abreau (7m 46s):

And then, so one of those clients was a multi-family syndicator. And when we got talking and he kind of explained the whole syndication to me and how he, he had acquired the property, that’s when I was first exposed to it. And, and it was, you know, instant scale on one property. It just blew my mind. So

Jesse Fragale (8m 12s):

Your first deal on the multi-family, so your first apartment deal, were you acting as a general partner, a sponsor of the deal, or were you on the other side where you, you know, one of the investors?

Jorge Abreau (8m 25s):

No, it, it happened pretty simultaneously. I’d almost have to go back and see which one happened first. So I decided to invest funds passively. I wanted to see that side of it. The end goal was to be active, always. It was more of just, okay. I want to see how it’s handled, how my money is handled and how the process takes place. From the other side, I deployed some funds passively, and then I think around the same time I landed, my first deal is as a GP right on.

Jesse Fragale (9m 7s):

So what was your on the general partner’s side? So at that point, at least, what was the process for you for looking for deals, finding deals you clearly already had experience in locating properties that were value, add, fix, and flips. Was it the same process once you kind of broke into the apartment side?

Jorge Abreau (9m 25s):

Essentially? I mean, we, we took, I had a coach and I went through the education and all that. And you know, not a lot was mentioned about the tactic, the same tactics we used in single family as far as cold calling and mail outs. But I went ahead and decided to do that anyhow, you know, kind of bring that over to multi-family and that, that’s how I landed. My first two deals was, was doing that and not so much with the broker relationships, how they always stress. Not that, I mean, those are super important, but yeah.

Jesse Fragale (10m 7s):

Yeah. Well, it’s, you know, it’s funny you say that because I always came at it from the perspective that when I’m looking for apartments or multi-family that I’m calling, you know, I’m actually looking for off market deals, but you’re right. I think there is a lot of stress and listen, I’m a broker, so I’m going to be biased too. I, you know, we’re, we’re useful in a lot of ways, but I tell people there, you know, you can find deals on your own. You can go to actually look for sellers like mailers, you know, different strategies to reach out to some of these owners. And I mean, there’s nothing better than having a noncompeting deal that you, you know, if you can find an owner that you guys work out a price that works for both of you. So, you know, we’re in a crazy market right now, not withstanding the shutdown, but just the multi-family scene seems to continue to just hum.

Jesse Fragale (10m 52s):

Alarms it’s. Yeah, it’s crazy. And a couple of weeks ago I had somebody on the show, you know, saying we put an 80 LOI this month, or we did 30 last month and it’s still very, very hard to get deals because there’s so much competition, you know, aside from what you’re doing right now, cold calling, reaching out to owners, are you doing anything else in particular to try to find these deals and how do you feel, or how has the market been in terms of, you know, putting out and what you’re getting back by way of actual deal signed

Jorge Abreau (11m 23s):

Competition is hard. You’re absolutely right. I mean, it’s, it’s, it’s crazy right now. You know, it’s like everybody that was waiting for deals and, and kind of sitting back during this whole pandemic the last month and a half, maybe two months have been insane with how much deal flow and just the competitions. So we’re some, we’re looking a lot of deals evaluating a lot of deals, you know, I’m not, I’m not one to throw out a bunch of otherwise that are way under price.

Jorge Abreau (12m 6s):

I dunno, I guess I could look at it both ways, but we just like to focus on the ones that we think we may have a chance of landing. So we kinda just push everything else aside. So, I mean, we’re not submitting this crazy number of that allies, but it’s tough, man. It’s tough. So we, we were trying to focus a little bit more on going straight to straight to this, backed straight to the sellers versus, sorry, you know, the, the brokers,

Jesse Fragale (12m 37s):

Hey, we, should we add value when we can, but it sounds like quality, quality over quantity,

Jorge Abreau (12m 43s):

For sure. For sure. And I mean, still, we got some great relationships with brokers and they sent us stuff and kind of give us first look at some, some properties, which I mean, that’s awesome. Yeah.

Jesse Fragale (12m 55s):

So why don’t you, maybe you could for listeners that you know, that haven’t reached out directly to sellers before maybe go through that process a little bit. Cause I think it’s a bit of a black box for a lot of people they don’t, they don’t realize, or they don’t really understand how you connect with somebody. When you see a 20 unit apartment building in front of you. You’re like, you know, I see the property management company, but I’ve, I’ve read everywhere that that’s the last person you want to call. So, you know, maybe you could say, you know, what are the steps you see a property like in a, in an area in Dallas? W what’s what’s your first move on?

Jorge Abreau (13m 27s):

Yeah, don’t do it. Go, go get the ones that are listed with brokers. I’m saying, I’m saying, you know, we, we don’t really do the bird-dogging and, and the driving. I mean, don’t get me wrong if I drive by something I’m going to, I’m going to do that, that part of it. But we, we know our criteria, we know our criteria really well, what we’re looking for, we search that in CoStar and then export the data and then start calling that way. Yeah.

Jesse Fragale (14m 3s):

And it’s a CoStar has come so far for those that don’t know CoStar, you know, it’s online software where you can find a number of commercial deals, very similar to Altice insight. I, I have a preference to CoStar, but it is a, it’s great that you can actually look at. Okay. You know, you look at your investing philosophy, it’s maybe it’s 20 plus units, it’s in this area and you check those boxes and then, you know, sometimes it’s a w what CoStar has done. I think very effectively over the past few years is find the right person. You know, sometimes you still get numbered companies where you have to run corporate searches and do some digging, but it really has come a long way. And just on that point, so for you, what, you know, today, 2020, what’s the investment philosophy for you and the team, you know, in terms of return area, you know, all those details,

Jorge Abreau (14m 54s):

You know, area wise, we’re really looking for diverse economies. You know, something that’s not relying on just one major employer. I think the pandemic has shown how important that is obviously, and something that’s growing too. You know, we don’t want something that doesn’t have growth and that’s population and, and jobs, and just overall, you know, you say growth and that could be tricky.

Jorge Abreau (15m 34s):

You don’t, you want to make sure that there’s growth all around. And then as far as returns, you know, it’s changing, it’s, it’s, it’s changing quickly and we love to, to double our investor’s money. I mean, that’s usually what we’re trying to do as far as in equity, multiple, it’s becoming harder to do that, at least on the, you know, we’re trying to balance the, how safe of a deal we’re doing, how much of a value add with the construction company?

Jorge Abreau (16m 17s):

You know, we, we like to do the deep value adds. We know we can get them done, and obviously the returns are going to be higher, but at the same time with this pandemic, and then, you know, the debt’s getting better. It is on the bridge loans. But yeah, I don’t know, Amanda, the returns, it just it’s changing.

Jesse Fragale (16m 42s):

Yeah. Those cap rates just keep getting compressed and compressed. You know, you have the benefit of having the construction company, you know, as part of that return, just kind of the, the totality of it, you know, whether it’s, you know, other people have property management companies that they utilize. Some I’ve seen deals where, you know, they’ve used construction proceeds as part of part of that overall return for investors. What are your thoughts right now on the direction interest rates are going? It seems like they’re going to be low for awhile. And it’s kept a lot of markets, pretty frothy, just given the fact that there’s more debt out there, but you mentioned something here, you touched on a point where you don’t want things to get. So you’re balancing the risk, you know, where that, you know, loan to value starts getting a little bit unmanageable versus the return.

Jesse Fragale (17m 27s):

So how are you keeping that in check with, with how you look at deals and you know, where you see your, your limit and when it comes to loan to value.

Jorge Abreau (17m 38s):

Yeah. I guess you touched on a couple of things there. I think you mentioned interest rates first, you know, I, I see them staying pretty low. I think, I do think if the economy starts coming back pretty strong, that that could change. So I definitely think it’s a great time to, to refi right now, if you can and lock in some of these, some of these rates, as far as loan to value, you know, right, right.

Jorge Abreau (18m 18s):

Now we’re looking a little bit more stable deals as far as occupancy. And, and, and for that very reason, in a sense, and the bridge loans are also a little trickier now, as well, as far as the rates being higher than they were. And the leverage seems to just starting to get back to her, or it was on the bridge, which I guess that’s kinda what you’re talking about. You know, there’s still some unknowns, you know, there’s, there’s still some unknowns.

Jorge Abreau (19m 1s):

It looks like, I guess the elections is done. I don’t know.

Jesse Fragale (19m 6s):

Yeah, no, I get that. I can’t even say that. I mean, I would say at the time of this recording the, well, we don’t even really know what’s going on right now. He announced it, but yeah, it’s a, we’re in a weird space, 2020 all the way around.

Jorge Abreau (19m 17s):

Yeah. Yeah. I guess today they announced the possible vaccine as well. I mean, it’s just still so many unknowns, so yeah, we’re, we’re trying to balance that, you know, and, and, and pick up some deals that are a little safer right now, just because of those unknowns.

Jesse Fragale (19m 37s):

And so for the, the deals that you’re pretty much taking lead on, on the average deal that you have, do you have a ballpark in terms of how many investors are typically in those deals, you know, from, from a limited partner point of view? Yeah,

Jorge Abreau (19m 54s):

It depends. Cause you know, we have taken, we have taken on some private equity partners, so usually they can take on a pretty big chunk of that equity, so that wouldn’t quite compare. We try to keep it as tight as we can and, and bring in, you know, the 250 K 300 K investors

Jesse Fragale (20m 28s):

Grant Cardone 5,000 bucks. Everybody just kinda no.

Jorge Abreau (20m 32s):

And I think, I think he stopped doing that to probably learn the,

Jesse Fragale (20m 38s):

I guess it must have something to do with the class action lawsuit, but I think that was somewhat allegedly, you know, we, we should, we should make stipulations here, but it sounds like, you know, keeping things straight when you’re saying kind of quarter mill where you have your larger quality investors, it sounds like that’s a theme for your investing philosophy. Well, when you said a pref equity partners, preferred equity partners, what does that look like for you? Just, just cause when I hear pref equity partners, I think just on the preferred return side, but are you saying that in addition to limited partners that you have a carve out for, for different investors?

Jorge Abreau (21m 15s):

No. So just a large, so, you know, bringing in 70%, 80% of the equity one single party.

Jesse Fragale (21m 27s):

Oh, I see. So, so like just say kind of a large, a large limited partner. Yes. Got it. And so you mentioned Dallas Fort worth the geography of the units that you have under contract. Well, let’s start on this. The ones that you kind of run, the deals you run, are those all in that area or are you spread out geographically in, in the state or possibly out of state?

Jorge Abreau (21m 51s):

Yeah. No. I mean, we’re, we’re pretty spread right now. We, we actually, don’t just own one, one property here in DFW and then we’ve got a bunch in Houston, a smaller one in, in temple, Texas, which is by Waco. We’ve got one in Oklahoma and then we’re closing on two in South Dakota. So we’re spread out, you know, we, if we like the demographics and we believe in the economy, we’ll go there.

Jesse Fragale (22m 30s):

So you mentioned South Dakota and that’s a market I don’t hear a lot about. And I think I heard you on another podcast talking about South Dakota. Can you tell us a little bit about the South Dakota market? Cause it’s yeah. It’s just one you don’t hear about very often in real estate circles, at least I don’t.

Jorge Abreau (22m 46s):

Yeah, no. I mean, it’s, it’s, it’s starting to come up here and there. And I think the, the pandemic brought some, some light to it. It’s, it’s very business friendly. It’s got a diverse economy. It fared really well during this pandemic. Cause it’s well one because of the diverse economy, but two not as dense and yeah, man, it’s just one of those markets that has room for growth and it has the, the essentials for it. So rather than getting into the markets that feel like they’re just pushing, pushing, pushing, pushing, you know, this one’s got room to grow.

Jesse Fragale (23m 37s):

Yeah. It’s kind of a breath of fresh air. When you hear a market, that’s just not totally maxed out that you have to somehow get a sliver of something. So if you’re out of state with, you know, a bunch of these investments, how does the team handle property management? How do you look at property management and asset management when you’re looking at these ones that clearly you’re not going to manage locally?

Jorge Abreau (23m 59s):

So it depends. I mean, in some, we, we have a third party property management company and we’ve got a good system for managing those as far as asset management goes, you know, I know you hear, I’m sure you’ve heard horror stories about third-party property management companies, but the way I see it, man, it’s, it’s, it’s, it’s on the operator. Like if that’s the choice you’re going with, then you gotta make sure you’re managing them. And if they’re not working out, you’ve got to adjust. If you’re just sitting there expecting a different result and not doing anything, then yeah.

Jorge Abreau (24m 45s):

It’s your fault.

Jesse Fragale (24m 46s):

Yeah. You know what, for me, I’m on, I understand both sides. Like many people I see different side, but it’s like, you know, you’re, you’re saying not third-party, management’s terrible. It’s like saying, you know, an employee you’re hired is terrible. It’s like, well, you know, who did you hire? How did you hire them? And you know, what were, what was your criteria? So I feel like as long as you run up a tight process and you vet people, well, there are good management companies out there. Like there are absolutely killer management companies and, and not everybody is in a position or really wants to build that company. We’ve talked to a lot of people that have their own property management companies also for the right person, the right team. It makes sense. But it’s a grind man.

Jesse Fragale (25m 26s):

Like property management company is it’s a tough business.

Jorge Abreau (25m 30s):

I agree. I agree. I’m the profit margins do not seem high whatsoever and I’m not looking forward to bringing that. In-house I think it’s, I think it’s something we may possibly do down the line with, you know, once we start hitting some of our goals as far as a unit count, but right now is, is leveraging third-party property management companies, as well as we’ve got some code GPS that have in-house property management. So leveraging them on that side.

Jesse Fragale (26m 3s):

Yeah. And that sounds kind of like the best of both worlds, where you have a code GP that has an established relationship or has a company themselves so that, you know, you’re getting, you know, if you, if you’re getting in bed, so to speak with a deal with a code GP, then I assume, you know, you trust them from the property management perspective or you might be in trouble.

Jorge Abreau (26m 22s):

Right. Right. I mean, yeah.

Jesse Fragale (26m 25s):

The, the team that, you know, George, you mentioned multi-family is multifamily this specific sector, the only sector you look in, or do you do other asset classes when it comes to these investments,

Jorge Abreau (26m 38s):

When it comes to existing properties, I’d like to stick with multifamily. The storage space has, has interest me. I just haven’t quite looked enough into it. Been pretty busy with the multi-family stuff. And I don’t know if maybe one of those deals landed on my lap. I would look into it, but you know, retail and office and that kind of stuff. I mean, especially, you know, even before the pandemic, I didn’t want to, you know, it takes a lot to, to really know your space.

Jorge Abreau (27m 21s):

And I know multi-family right now, that’s, you know where I’m at. So, and then when it comes to land, it’s a little different land. I’m, I’m comfortable kind of, at least on the development side, developing something else other than multi-family knowing that somebody else will step in and take it from there. Kind of, yeah.

Jesse Fragale (27m 48s):

I assuming the construction background, you know, gives you that familiarity with that space in terms of the multifamily, do you ha that you have, would that include manufactured housing or is it just strictly apartment buildings?

Jorge Abreau (28m 1s):

Apartment buildings.

Jesse Fragale (28m 2s):

Okay. And for like, when you go to lookout, look for investments, now I’m assuming just given your size that you’ll have a minimum threshold where it doesn’t make sense for you to look at deals under X unit count, is that, you know, where are you guys at in terms of, in terms of unit count when you’re, when you have that, that floor,

Jorge Abreau (28m 22s):

If it’s a, you know, a single property, I like to have over a hundred, a hundred units, unless it’s in a market we’re already in and it’s close to another property, then that’s a different story for sure.

Jesse Fragale (28m 41s):

Well, listen, George, I don’t want to keep you for too long, but I like to ask some questions, call it rapid fire, call them quick questions at the end here for, for everybody that comes on. And you actually mentioned something as you were talking about coaching. So maybe the first one I like to I’d like to ask is what’s something that you’ve had now in your investing career that you know, now that you wish you knew when you were, you were starting out

Jorge Abreau (29m 6s):

Something I know now, you know, I wish I would have realized how early on how, how important it is to, to build a good team around you and not try to do everything yourself, I guess.

Jesse Fragale (29m 32s):

Good one. I, in terms of mentors, you mentioned coaches, but you know, who were some of the early mentors and if you don’t feel comfortable with names, just, just the type of individuals and kind of where you were exposed to them.

Jorge Abreau (29m 47s):

Yeah. I mean, Ron Legrand was my first coach taught me a lot. I’m not sure if a lot of people know who he is, but he’s been in the single family education game and doing single family or more than single family investments for a long time. But yeah, I mean, he was great. He taught me a lot.

Jesse Fragale (30m 15s):

And so was that at the, kind of the beginning of you transitioning to, or I guess just that the beginning of single family investing, was that at that time or was it during the transition to a multi-family?

Jorge Abreau (30m 27s):

No, no. That was when I was seeking to learn about real estate investing in general. So yeah, in the beginning, right on Georgia cup,

Jesse Fragale (30m 37s):

Well, books that have helped you over the years, whether it’s business or real estate specifically,

Jorge Abreau (30m 45s):

Man, there’s so many, you know, you’ve got, you’re trying to think of something different than I usually say

Jesse Fragale (30m 55s):

Rich dad, poor dad, about 300 times a year. So,

Jorge Abreau (30m 59s):

You know, three, three feet from gold. I don’t hear a lot of people say that, that one a lot. Yeah. I read it somewhat recently. Maybe within a year. And it’s really good. It, yeah, I liked that one. All right. Well

Jesse Fragale (31m 15s):

Put that one down. And my favorite question, first car, make and model.

Jorge Abreau (31m 20s):

Oh, that’s a good question. I’ve had it asked before too. It was a live event, but yeah, a white Ford probe. And I’ll say this I’ll say the same thing. I said

2 (31m 33s):

It looked fast, but it was not. That’s amazing. I remember that,

Jesse Fragale (31m 38s):

Bro, man, that is going, man. That I just, when that car came out, I just didn’t know in a marketing meeting when they’re like, prob we’re going with the name probe, right?

2 (31m 48s):

Sure, sure. No, no, no, no, no, no. We’ve, we’re share. That’s hilarious.

Jesse Fragale (31m 54s):

So George, if people want to see some of your content or, you know, hear a little bit more of what you have to say on multifamily and single family, where can they, where can they reach out to you online,

Jorge Abreau (32m 6s):

Man, you can find a ton of info on our website. We’re constantly updating it and that’s elevate cig.com. You guess can also feel free to send me an email@georgejorgeatelevatecag.com. I’ve got a bunch of checklists that I can send them for questions to ask a deal sponsor, due diligence and just other checklists I’ve come up with

Jesse Fragale (32m 34s):

Right on solid stuff. All right. My guest today has been George <inaudible> George. Thanks for coming on working

3 (32m 40s):

Capital. Thank you for having me man.

2 (32m 42s):

Enjoyed it.

3 (32m 51s):

Thank you for listening to the working capital podcast. My goal is to help individuals break into real estate investing as well as educate experienced investors. If you enjoyed the show, please share with a friend subscribe and give us a rating on iTunes. It really helps us. If you have any questions, want to learn more or likely to cover a specific topic on the show. Please reach out to me via instagram@jforgalsorheadtowwwdotjesseforgalley.com. My name is Jesper galley, and I’ll see you back here for the next episode or the working capital real estate podcast.