{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.962,"endTime":2.312,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":0.962,"endTime":2.312,"body":"welcome back to the Average Joe"},{"speaker":"Average Joe Finances","startTime":2.312,"endTime":3.872,"body":"Finances podcast, everybody."},{"speaker":"Average Joe Finances","startTime":3.872,"endTime":7.772,"body":"I'm your host, Mike Cavaggioni,"},{"speaker":"Average Joe Finances","startTime":3.872,"endTime":7.772,"body":"and today's guest is Jorge Abreu."},{"speaker":"Average Joe Finances","startTime":8.098,"endTime":10.703,"body":"So Jorge, I am super excited"},{"speaker":"Average Joe Finances","startTime":8.098,"endTime":10.703,"body":"to have you on the show."},{"speaker":"Average Joe Finances","startTime":10.756,"endTime":13.151,"body":"We had a chance to talk a"},{"speaker":"Average Joe Finances","startTime":10.756,"endTime":13.151,"body":"little bit at the Hawaii"},{"speaker":"Average Joe Finances","startTime":13.151,"endTime":14.741,"body":"Millionaires Mindset Conference."},{"speaker":"Average Joe Finances","startTime":14.765,"endTime":16.399,"body":"But again, Thank you for joining me."},{"speaker":"Jorge Abreu","startTime":16.616,"endTime":17.746,"body":"Thank you"},{"speaker":"Jorge Abreu","startTime":16.616,"endTime":17.746,"body":"for having me, Mike."},{"speaker":"Average Joe Finances","startTime":18.106,"endTime":19.006,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":19.006,"endTime":22.126,"body":"The first question I want to ask you"},{"speaker":"Average Joe Finances","startTime":19.006,"endTime":22.126,"body":"right off the bat is the same question"},{"speaker":"Average Joe Finances","startTime":22.126,"endTime":25.403,"body":"we ask everybody that comes on the"},{"speaker":"Average Joe Finances","startTime":22.126,"endTime":25.403,"body":"show, and we wanna know more about you."},{"speaker":"Average Joe Finances","startTime":25.408,"endTime":28.24,"body":"So if you could share a little bit"},{"speaker":"Average Joe Finances","startTime":25.408,"endTime":28.24,"body":"about yourself, tell us your story."},{"speaker":"Average Joe Finances","startTime":28.316,"endTime":29.196,"body":"Who is Jorge?"},{"speaker":"Jorge Abreu","startTime":29.326,"endTime":32.172,"body":"Sure, real estate"},{"speaker":"Jorge Abreu","startTime":29.326,"endTime":32.172,"body":"investor, been doing it for"},{"speaker":"Jorge Abreu","startTime":32.202,"endTime":33.922,"body":"full time for about 15 years."},{"speaker":"Jorge Abreu","startTime":33.953,"endTime":36.533,"body":"Started in the single family space."},{"speaker":"Jorge Abreu","startTime":36.65,"endTime":41.557,"body":"Did My whole thing was scaling and"},{"speaker":"Jorge Abreu","startTime":36.65,"endTime":41.557,"body":"with the single family I ran into"},{"speaker":"Jorge Abreu","startTime":41.557,"endTime":44.064,"body":"several brick walls, let's say."},{"speaker":"Jorge Abreu","startTime":44.131,"endTime":47.578,"body":"One of the first ones was finding"},{"speaker":"Jorge Abreu","startTime":44.131,"endTime":47.578,"body":"good contractors and being able to"},{"speaker":"Jorge Abreu","startTime":47.578,"endTime":51.458,"body":"keep up with the renovations at a, at"},{"speaker":"Jorge Abreu","startTime":47.578,"endTime":51.458,"body":"the volume that I wanted to get at."},{"speaker":"Jorge Abreu","startTime":51.458,"endTime":53.404,"body":"So I did start a construction company."},{"speaker":"Jorge Abreu","startTime":53.404,"endTime":58.673,"body":"That was about 11 years ago that"},{"speaker":"Jorge Abreu","startTime":53.404,"endTime":58.673,"body":"really helped to scale and start"},{"speaker":"Jorge Abreu","startTime":58.913,"endTime":60.624,"body":"renovating at high volumes."},{"speaker":"Jorge Abreu","startTime":60.719,"endTime":65.249,"body":"That kind of spun into, we started"},{"speaker":"Jorge Abreu","startTime":60.719,"endTime":65.249,"body":"doing additions to the homes and"},{"speaker":"Jorge Abreu","startTime":65.249,"endTime":69.796,"body":"then finally just scraping them and"},{"speaker":"Jorge Abreu","startTime":65.249,"endTime":69.796,"body":"building a new, then did some small"},{"speaker":"Jorge Abreu","startTime":69.796,"endTime":72.644,"body":"multifamily, did some fourplexes, apexes."},{"speaker":"Jorge Abreu","startTime":72.644,"endTime":74.609,"body":"Started, rental portfolio."},{"speaker":"Jorge Abreu","startTime":74.609,"endTime":78.624,"body":"I actually did not love the"},{"speaker":"Jorge Abreu","startTime":74.609,"endTime":78.624,"body":"management part of it and collecting"},{"speaker":"Jorge Abreu","startTime":78.629,"endTime":80.124,"body":"the rents and all that stuff."},{"speaker":"Jorge Abreu","startTime":80.185,"endTime":83.348,"body":"And it wasn't quite big enough"},{"speaker":"Jorge Abreu","startTime":80.185,"endTime":83.348,"body":"or didn't make sense to hire a"},{"speaker":"Jorge Abreu","startTime":83.348,"endTime":84.788,"body":"management company back then."},{"speaker":"Jorge Abreu","startTime":84.788,"endTime":86.748,"body":"So ended up selling all that."},{"speaker":"Jorge Abreu","startTime":86.748,"endTime":91.617,"body":"And about five years ago when I was doing"},{"speaker":"Jorge Abreu","startTime":86.748,"endTime":91.617,"body":"quite a bit, we were probably averaging"},{"speaker":"Jorge Abreu","startTime":91.617,"endTime":97.278,"body":"maybe, 50 to 60 fix and flips, and then"},{"speaker":"Jorge Abreu","startTime":91.617,"endTime":97.278,"body":"another a hundred wholesale per year."},{"speaker":"Jorge Abreu","startTime":97.285,"endTime":100.556,"body":"I got introduced to"},{"speaker":"Jorge Abreu","startTime":97.285,"endTime":100.556,"body":"multi-family syndications."},{"speaker":"Jorge Abreu","startTime":100.571,"endTime":103.457,"body":"Now I had no idea you can"},{"speaker":"Jorge Abreu","startTime":100.571,"endTime":103.457,"body":"syndicate these deals."},{"speaker":"Jorge Abreu","startTime":103.457,"endTime":106.186,"body":"And what I mean by that is,"},{"speaker":"Jorge Abreu","startTime":103.457,"endTime":106.186,"body":"bring investors together and"},{"speaker":"Jorge Abreu","startTime":106.186,"endTime":107.506,"body":"purchase these apartments."},{"speaker":"Jorge Abreu","startTime":107.579,"endTime":110.532,"body":"I thought you had to have millions"},{"speaker":"Jorge Abreu","startTime":107.579,"endTime":110.532,"body":"and millions of dollars to go in"},{"speaker":"Jorge Abreu","startTime":110.532,"endTime":111.81,"body":"and buy these apartments yourself."},{"speaker":"Jorge Abreu","startTime":111.81,"endTime":114.419,"body":"So when I got introduced to"},{"speaker":"Jorge Abreu","startTime":111.81,"endTime":114.419,"body":"that, I was really excited."},{"speaker":"Jorge Abreu","startTime":114.514,"endTime":118.061,"body":"I wanted to, it's completely"},{"speaker":"Jorge Abreu","startTime":114.514,"endTime":118.061,"body":"different from single family as"},{"speaker":"Jorge Abreu","startTime":118.066,"endTime":120.329,"body":"far as how you evaluate the deals."},{"speaker":"Jorge Abreu","startTime":120.445,"endTime":123.448,"body":"When it comes to large multifamily you're"},{"speaker":"Jorge Abreu","startTime":120.445,"endTime":123.448,"body":"pretty much buying a business, right?"},{"speaker":"Jorge Abreu","startTime":123.448,"endTime":126.79,"body":"Everything is off of your income"},{"speaker":"Jorge Abreu","startTime":123.448,"endTime":126.79,"body":"statement and the more you can get"},{"speaker":"Jorge Abreu","startTime":126.79,"endTime":129.71,"body":"the property to produce income, the"},{"speaker":"Jorge Abreu","startTime":126.79,"endTime":129.71,"body":"higher the value of the property."},{"speaker":"Jorge Abreu","startTime":129.731,"endTime":133.219,"body":"With single family, at least with the"},{"speaker":"Jorge Abreu","startTime":129.731,"endTime":133.219,"body":"fix and flips, it was very much just"},{"speaker":"Jorge Abreu","startTime":133.219,"endTime":135.177,"body":"based on the comps and in and out."},{"speaker":"Jorge Abreu","startTime":135.177,"endTime":138.129,"body":"So I took in all that"},{"speaker":"Jorge Abreu","startTime":135.177,"endTime":138.129,"body":"education and knowledge."},{"speaker":"Jorge Abreu","startTime":138.244,"endTime":140.741,"body":"The number part of it came"},{"speaker":"Jorge Abreu","startTime":138.244,"endTime":140.741,"body":"somewhat simple to me."},{"speaker":"Jorge Abreu","startTime":140.771,"endTime":144.959,"body":"I am electrical engineer before I"},{"speaker":"Jorge Abreu","startTime":140.771,"endTime":144.959,"body":"started, doing a real estate full time."},{"speaker":"Jorge Abreu","startTime":144.959,"endTime":149.144,"body":"And man, I loved it and stopped"},{"speaker":"Jorge Abreu","startTime":144.959,"endTime":149.144,"body":"doing single family altogether."},{"speaker":"Jorge Abreu","startTime":149.144,"endTime":150.584,"body":"Started doing multi-family."},{"speaker":"Jorge Abreu","startTime":150.584,"endTime":156.287,"body":"Since then, we've acquired over"},{"speaker":"Jorge Abreu","startTime":150.584,"endTime":156.287,"body":"7,000 units exited 1500 or so, and"},{"speaker":"Jorge Abreu","startTime":156.347,"endTime":159.137,"body":"we've got some more in the pipeline"},{"speaker":"Jorge Abreu","startTime":156.347,"endTime":159.137,"body":"and just looking to keep growing."},{"speaker":"Average Joe Finances","startTime":159.22,"endTime":159.6,"body":"Oh, wow, Jorge."},{"speaker":"Average Joe Finances","startTime":159.945,"endTime":160.641,"body":"That's awesome, man."},{"speaker":"Average Joe Finances","startTime":160.71,"endTime":161.313,"body":"What a story."},{"speaker":"Average Joe Finances","startTime":161.314,"endTime":165.557,"body":"Started off in the single family space"},{"speaker":"Average Joe Finances","startTime":161.314,"endTime":165.557,"body":"as I think most people in the multifamily"},{"speaker":"Average Joe Finances","startTime":165.557,"endTime":167.45,"body":"space, it's usually the same thing, right?"},{"speaker":"Average Joe Finances","startTime":167.45,"endTime":168.86,"body":"They started single family."},{"speaker":"Average Joe Finances","startTime":168.872,"endTime":173.014,"body":"And as you were scaling, you"},{"speaker":"Average Joe Finances","startTime":168.872,"endTime":173.014,"body":"realized, man, I can scale so much"},{"speaker":"Average Joe Finances","startTime":173.014,"endTime":175.17,"body":"faster on the multifamily side."},{"speaker":"Average Joe Finances","startTime":175.184,"endTime":178.32,"body":"And, you come to that realization"},{"speaker":"Average Joe Finances","startTime":175.184,"endTime":178.32,"body":"and then get rid of that limiting"},{"speaker":"Average Joe Finances","startTime":178.32,"endTime":182.173,"body":"belief that you don't need millions"},{"speaker":"Average Joe Finances","startTime":178.32,"endTime":182.173,"body":"of dollars to, to go in and do that."},{"speaker":"Average Joe Finances","startTime":182.173,"endTime":183.822,"body":"That's a thing that a lot of people face."},{"speaker":"Average Joe Finances","startTime":183.839,"endTime":185.309,"body":"So I definitely appreciate that side."},{"speaker":"Average Joe Finances","startTime":185.309,"endTime":190.049,"body":"Now I do wanna kinda rewind back"},{"speaker":"Average Joe Finances","startTime":185.309,"endTime":190.049,"body":"because you said before you started"},{"speaker":"Average Joe Finances","startTime":190.049,"endTime":192.569,"body":"investing in real estate or before"},{"speaker":"Average Joe Finances","startTime":190.049,"endTime":192.569,"body":"you went full-time in real estate,"},{"speaker":"Average Joe Finances","startTime":192.574,"endTime":193.829,"body":"you were an electrical engineer."},{"speaker":"Average Joe Finances","startTime":193.867,"endTime":198.206,"body":"What was it that made you decide to start"},{"speaker":"Average Joe Finances","startTime":193.867,"endTime":198.206,"body":"investing in real estate in general?"},{"speaker":"Average Joe Finances","startTime":198.206,"endTime":202.208,"body":"Not just multifamily, but when you"},{"speaker":"Average Joe Finances","startTime":198.206,"endTime":202.208,"body":"started investing in single family assets."},{"speaker":"Average Joe Finances","startTime":202.224,"endTime":205.071,"body":"What was it like when you were doing"},{"speaker":"Average Joe Finances","startTime":202.224,"endTime":205.071,"body":"your nine to five that you said,"},{"speaker":"Average Joe Finances","startTime":205.081,"endTime":206.281,"body":"I need to go buy some real estate?"},{"speaker":"Jorge Abreu","startTime":206.391,"endTime":208.611,"body":"Yeah, so I guess it,"},{"speaker":"Jorge Abreu","startTime":206.391,"endTime":208.611,"body":"it's not fair of me saying I was"},{"speaker":"Jorge Abreu","startTime":208.671,"endTime":212.331,"body":"an electrical engineer, so I had a"},{"speaker":"Jorge Abreu","startTime":208.671,"endTime":212.331,"body":"degree in electrical engineering."},{"speaker":"Jorge Abreu","startTime":212.378,"endTime":216.758,"body":"And it was During that journey of"},{"speaker":"Jorge Abreu","startTime":212.378,"endTime":216.758,"body":"getting my degree in college that I"},{"speaker":"Jorge Abreu","startTime":216.758,"endTime":221.123,"body":"knew I didn't wanna do it, I didn't"},{"speaker":"Jorge Abreu","startTime":216.758,"endTime":221.123,"body":"want to do corporate America and,"},{"speaker":"Jorge Abreu","startTime":221.123,"endTime":223.313,"body":"work in a cubicle nine to five."},{"speaker":"Jorge Abreu","startTime":223.372,"endTime":226.196,"body":"That's when I started seeking,"},{"speaker":"Jorge Abreu","startTime":223.372,"endTime":226.196,"body":"what else is there, right?"},{"speaker":"Jorge Abreu","startTime":226.196,"endTime":230.996,"body":"And that's when I came upon real estate"},{"speaker":"Jorge Abreu","startTime":226.196,"endTime":230.996,"body":"investing and eventually got a coach."},{"speaker":"Jorge Abreu","startTime":230.996,"endTime":232.032,"body":"I hired a coach."},{"speaker":"Jorge Abreu","startTime":232.032,"endTime":235.517,"body":"I think around the same time I finished"},{"speaker":"Jorge Abreu","startTime":232.032,"endTime":235.517,"body":"college, so I was doing real estate on"},{"speaker":"Jorge Abreu","startTime":235.787,"endTime":240.377,"body":"the side while I went and worked for"},{"speaker":"Jorge Abreu","startTime":235.787,"endTime":240.377,"body":"UPS in their engineering department."},{"speaker":"Jorge Abreu","startTime":240.38,"endTime":241.926,"body":"It was more of not really engineering."},{"speaker":"Jorge Abreu","startTime":241.97,"endTime":244.63,"body":"I was like a glorified GC for UPS really."},{"speaker":"Jorge Abreu","startTime":244.677,"endTime":249.096,"body":"And did enough on the side to"},{"speaker":"Jorge Abreu","startTime":244.677,"endTime":249.096,"body":"where finally I, quit my W-2"},{"speaker":"Jorge Abreu","startTime":249.096,"endTime":250.181,"body":"and started doing it full time."},{"speaker":"Jorge Abreu","startTime":250.181,"endTime":253.039,"body":"But I went in knowing that's"},{"speaker":"Jorge Abreu","startTime":250.181,"endTime":253.039,"body":"not what I was gonna be doing."},{"speaker":"Average Joe Finances","startTime":253.05,"endTime":255.634,"body":"So you were in"},{"speaker":"Average Joe Finances","startTime":253.05,"endTime":255.634,"body":"college when you made that decision"},{"speaker":"Average Joe Finances","startTime":255.639,"endTime":257.256,"body":"that I'm gonna do real estate."},{"speaker":"Average Joe Finances","startTime":257.295,"endTime":258.705,"body":"But you needed to start somewhere, right?"},{"speaker":"Average Joe Finances","startTime":258.705,"endTime":261.652,"body":"So you got that job at UPS and the"},{"speaker":"Average Joe Finances","startTime":258.705,"endTime":261.652,"body":"whole time you're there, you're"},{"speaker":"Average Joe Finances","startTime":261.657,"endTime":263.084,"body":"like, okay I'm gonna make this push."},{"speaker":"Average Joe Finances","startTime":263.084,"endTime":266.78,"body":"My goal is to get the heck outta here"},{"speaker":"Average Joe Finances","startTime":263.084,"endTime":266.78,"body":"as fast as possible which you did."},{"speaker":"Average Joe Finances","startTime":266.78,"endTime":267.71,"body":"So congratulations."},{"speaker":"Average Joe Finances","startTime":267.71,"endTime":268.34,"body":"That's awesome."},{"speaker":"Jorge Abreu","startTime":268.346,"endTime":268.676,"body":"Thanks."},{"speaker":"Average Joe Finances","startTime":268.676,"endTime":270.391,"body":"Now you"},{"speaker":"Average Joe Finances","startTime":268.676,"endTime":270.391,"body":"said, you hired a coach before"},{"speaker":"Average Joe Finances","startTime":270.391,"endTime":271.621,"body":"you even got your first deal."},{"speaker":"Jorge Abreu","startTime":271.621,"endTime":271.747,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":272.064,"endTime":272.394,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":272.394,"endTime":272.514,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":272.514,"endTime":275.343,"body":"So I see a lot of people, like when they"},{"speaker":"Average Joe Finances","startTime":272.514,"endTime":275.343,"body":"decide to hire a coach, it's usually"},{"speaker":"Average Joe Finances","startTime":275.343,"endTime":278.473,"body":"they've after they've done a deal or"},{"speaker":"Average Joe Finances","startTime":275.343,"endTime":278.473,"body":"two before they say, you know what?"},{"speaker":"Average Joe Finances","startTime":278.473,"endTime":279.586,"body":"I need to figure out something."},{"speaker":"Average Joe Finances","startTime":279.586,"endTime":283.061,"body":"You, because they get a lot of those bumps"},{"speaker":"Average Joe Finances","startTime":279.586,"endTime":283.061,"body":"and scrapes and bruises after the first"},{"speaker":"Average Joe Finances","startTime":283.061,"endTime":285.875,"body":"couple deals, and they're like, man, I'm"},{"speaker":"Average Joe Finances","startTime":283.061,"endTime":285.875,"body":"tired of getting punched in the face."},{"speaker":"Average Joe Finances","startTime":285.875,"endTime":289.2,"body":"So they'll either go take like a"},{"speaker":"Average Joe Finances","startTime":285.875,"endTime":289.2,"body":"course or they'll hire a coach."},{"speaker":"Average Joe Finances","startTime":289.2,"endTime":291.15,"body":"So you right off the bat, hired a coach."},{"speaker":"Average Joe Finances","startTime":291.21,"endTime":293.37,"body":"What made you wanna hire a coach?"},{"speaker":"Average Joe Finances","startTime":293.37,"endTime":294.45,"body":"Just from the very beginning."},{"speaker":"Jorge Abreu","startTime":294.527,"endTime":296.825,"body":"Look I wanted to learn"},{"speaker":"Jorge Abreu","startTime":294.527,"endTime":296.825,"body":"from somebody else's mistakes."},{"speaker":"Jorge Abreu","startTime":296.854,"endTime":300.66,"body":"I didn't want to have to make my own"},{"speaker":"Jorge Abreu","startTime":296.854,"endTime":300.66,"body":"mistakes and I wanted to move quick."},{"speaker":"Jorge Abreu","startTime":300.66,"endTime":303.424,"body":"I knew I could probably figure it"},{"speaker":"Jorge Abreu","startTime":300.66,"endTime":303.424,"body":"out on my own, but it was gonna"},{"speaker":"Jorge Abreu","startTime":303.424,"endTime":304.382,"body":"take me a little bit longer."},{"speaker":"Average Joe Finances","startTime":304.564,"endTime":305.014,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":305.044,"endTime":305.389,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":305.418,"endTime":308.137,"body":"Yeah, so I'm writing this stuff"},{"speaker":"Average Joe Finances","startTime":305.418,"endTime":308.137,"body":"down because that's great stuff."},{"speaker":"Average Joe Finances","startTime":308.168,"endTime":310.143,"body":"So you decided right off the bet."},{"speaker":"Average Joe Finances","startTime":310.143,"endTime":312.353,"body":"I wanna get in this, I wanna"},{"speaker":"Average Joe Finances","startTime":310.143,"endTime":312.353,"body":"go fast, I wanna go hard,"},{"speaker":"Average Joe Finances","startTime":312.353,"endTime":313.551,"body":"and I wanna make this happen."},{"speaker":"Average Joe Finances","startTime":313.551,"endTime":317.02,"body":"And you hired a coach right away so"},{"speaker":"Average Joe Finances","startTime":313.551,"endTime":317.02,"body":"you can learn from their mistakes."},{"speaker":"Average Joe Finances","startTime":317.02,"endTime":317.504,"body":"Which is great."},{"speaker":"Average Joe Finances","startTime":317.504,"endTime":320.711,"body":"It's one of the reasons why I do"},{"speaker":"Average Joe Finances","startTime":317.504,"endTime":320.711,"body":"this podcast the way that I do it."},{"speaker":"Average Joe Finances","startTime":320.752,"endTime":323.752,"body":"I want people to share what"},{"speaker":"Average Joe Finances","startTime":320.752,"endTime":323.752,"body":"they've done, what helped make them"},{"speaker":"Average Joe Finances","startTime":323.752,"endTime":327.889,"body":"successful in whatever aspect of"},{"speaker":"Average Joe Finances","startTime":323.752,"endTime":327.889,"body":"investing that they went into, right?"},{"speaker":"Average Joe Finances","startTime":327.889,"endTime":330.719,"body":"Cause I've had, people outside of"},{"speaker":"Average Joe Finances","startTime":327.889,"endTime":330.719,"body":"real estate on this podcast as well."},{"speaker":"Average Joe Finances","startTime":330.785,"endTime":335.057,"body":"And one of the things that I find that's"},{"speaker":"Average Joe Finances","startTime":330.785,"endTime":335.057,"body":"very common is they either learn a lot"},{"speaker":"Average Joe Finances","startTime":335.057,"endTime":339.868,"body":"from their own mistakes, and a lot, and"},{"speaker":"Average Joe Finances","startTime":335.057,"endTime":339.868,"body":"it's either an expensive education or they"},{"speaker":"Average Joe Finances","startTime":339.868,"endTime":342.748,"body":"got hit that first time and then they go"},{"speaker":"Average Joe Finances","startTime":339.868,"endTime":342.748,"body":"and hire a coach because they're like,"},{"speaker":"Average Joe Finances","startTime":342.748,"endTime":345.905,"body":"okay, if I'm gonna pay for this, I wanna"},{"speaker":"Average Joe Finances","startTime":342.748,"endTime":345.905,"body":"pay because I'm gonna learn something."},{"speaker":"Average Joe Finances","startTime":345.905,"endTime":350.028,"body":"Not because I'm going get old through"},{"speaker":"Average Joe Finances","startTime":345.905,"endTime":350.028,"body":"it and be forced force fed to learn it."},{"speaker":"Average Joe Finances","startTime":350.028,"endTime":351.104,"body":"Because I'm making mistakes."},{"speaker":"Average Joe Finances","startTime":351.154,"endTime":353.094,"body":"I think that's really"},{"speaker":"Average Joe Finances","startTime":351.154,"endTime":353.094,"body":"awesome that you did that."},{"speaker":"Average Joe Finances","startTime":353.105,"endTime":356.505,"body":"For me, like right off the bat, like"},{"speaker":"Average Joe Finances","startTime":353.105,"endTime":356.505,"body":"when I retired from the Navy, which was"},{"speaker":"Average Joe Finances","startTime":356.505,"endTime":360.489,"body":"recently right away since I knew I was"},{"speaker":"Average Joe Finances","startTime":356.505,"endTime":360.489,"body":"going full-time as a realtor as a real"},{"speaker":"Average Joe Finances","startTime":360.489,"endTime":363.006,"body":"estate agent, I hired a coach right away."},{"speaker":"Average Joe Finances","startTime":363.029,"endTime":365.91,"body":"Cause I knew that I wanted to"},{"speaker":"Average Joe Finances","startTime":363.029,"endTime":365.91,"body":"come out the gates swinging yeah."},{"speaker":"Average Joe Finances","startTime":365.91,"endTime":366.62,"body":"That's awesome men."},{"speaker":"Average Joe Finances","startTime":366.724,"endTime":372.254,"body":"I definitely am a firm supporter of"},{"speaker":"Average Joe Finances","startTime":366.724,"endTime":372.254,"body":"hiring a coach or, paying for a course"},{"speaker":"Average Joe Finances","startTime":372.281,"endTime":374.261,"body":"and actually learning the material."},{"speaker":"Average Joe Finances","startTime":374.349,"endTime":376.029,"body":"So you can learn from"},{"speaker":"Average Joe Finances","startTime":374.349,"endTime":376.029,"body":"other people's mistakes."},{"speaker":"Average Joe Finances","startTime":376.029,"endTime":376.899,"body":"I think that's huge."},{"speaker":"Jorge Abreu","startTime":377.012,"endTime":380.537,"body":"Yes, if you're confident in"},{"speaker":"Jorge Abreu","startTime":377.012,"endTime":380.537,"body":"yourself to take that information and take"},{"speaker":"Jorge Abreu","startTime":380.537,"endTime":384.284,"body":"action, then it's what worth it when it's"},{"speaker":"Jorge Abreu","startTime":380.537,"endTime":384.284,"body":"not worth it is when those people that"},{"speaker":"Jorge Abreu","startTime":384.284,"endTime":386.744,"body":"pay for it and then don't take action."},{"speaker":"Jorge Abreu","startTime":386.799,"endTime":388.61,"body":"But I you're gonna pay"},{"speaker":"Jorge Abreu","startTime":386.799,"endTime":388.61,"body":"for it one way or another."},{"speaker":"Jorge Abreu","startTime":388.61,"endTime":391.106,"body":"If you're gonna, if you're gonna"},{"speaker":"Jorge Abreu","startTime":388.61,"endTime":391.106,"body":"do it on your own, you're gonna pay"},{"speaker":"Jorge Abreu","startTime":391.106,"endTime":394.323,"body":"for it on the mistakes and might"},{"speaker":"Jorge Abreu","startTime":391.106,"endTime":394.323,"body":"as well just get the coaching."},{"speaker":"Average Joe Finances","startTime":394.376,"endTime":395.186,"body":"Yeah, that's right."},{"speaker":"Average Joe Finances","startTime":395.191,"endTime":396.706,"body":"You're gonna pay for"},{"speaker":"Average Joe Finances","startTime":395.191,"endTime":396.706,"body":"it one way or another."},{"speaker":"Average Joe Finances","startTime":396.743,"endTime":397.643,"body":"One way or another."},{"speaker":"Average Joe Finances","startTime":397.672,"endTime":400.654,"body":"Like I said before, if you make those"},{"speaker":"Average Joe Finances","startTime":397.672,"endTime":400.654,"body":"mistakes, we call that in real estate, we"},{"speaker":"Average Joe Finances","startTime":400.659,"endTime":402.338,"body":"call that an expensive education, right?"},{"speaker":"Average Joe Finances","startTime":402.338,"endTime":403.068,"body":"That's awesome man."},{"speaker":"Average Joe Finances","startTime":403.153,"endTime":405.997,"body":"Now as you've gone through,"},{"speaker":"Average Joe Finances","startTime":403.153,"endTime":405.997,"body":"you made that shift, right?"},{"speaker":"Average Joe Finances","startTime":405.997,"endTime":410.847,"body":"You started off in the single family"},{"speaker":"Average Joe Finances","startTime":405.997,"endTime":410.847,"body":"space and you were, managing a bunch"},{"speaker":"Average Joe Finances","startTime":410.847,"endTime":412.911,"body":"of, smaller transactions, right?"},{"speaker":"Average Joe Finances","startTime":412.916,"endTime":415.341,"body":"You said about 55 a year,"},{"speaker":"Average Joe Finances","startTime":412.916,"endTime":415.341,"body":"something like that, right?"},{"speaker":"Average Joe Finances","startTime":415.371,"endTime":416.121,"body":"Fix and flips."},{"speaker":"Jorge Abreu","startTime":416.781,"endTime":419.331,"body":"The fix and flips, and then"},{"speaker":"Jorge Abreu","startTime":416.781,"endTime":419.331,"body":"we had the whole sailing on top of that."},{"speaker":"Average Joe Finances","startTime":419.381,"endTime":422.267,"body":"So were you"},{"speaker":"Average Joe Finances","startTime":419.381,"endTime":422.267,"body":"like wholesaling the stuff that's you"},{"speaker":"Average Joe Finances","startTime":422.267,"endTime":424.997,"body":"were looking for the fix and flips for"},{"speaker":"Average Joe Finances","startTime":422.267,"endTime":424.997,"body":"yourself and then the stuff that you"},{"speaker":"Average Joe Finances","startTime":424.997,"endTime":426.419,"body":"didn't want looking to wholesale this?"},{"speaker":"Average Joe Finances","startTime":426.419,"endTime":427.049,"body":"That's awesome man."},{"speaker":"Average Joe Finances","startTime":427.118,"endTime":428.84,"body":"That's a good model to follow."},{"speaker":"Average Joe Finances","startTime":428.865,"endTime":429.195,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":429.195,"endTime":432.615,"body":"And then so how long did you"},{"speaker":"Average Joe Finances","startTime":429.195,"endTime":432.615,"body":"do that before you decided"},{"speaker":"Average Joe Finances","startTime":432.615,"endTime":433.935,"body":"to get into multifamily?"},{"speaker":"Jorge Abreu","startTime":434.068,"endTime":435.282,"body":"Oh man, about 10 years."},{"speaker":"Average Joe Finances","startTime":435.282,"endTime":435.722,"body":"Oh wow."},{"speaker":"Average Joe Finances","startTime":435.782,"endTime":436.142,"body":"Okay."},{"speaker":"Jorge Abreu","startTime":436.292,"endTime":436.532,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":436.562,"endTime":437.702,"body":"So"},{"speaker":"Average Joe Finances","startTime":436.562,"endTime":437.702,"body":"you did that for 10 years."},{"speaker":"Average Joe Finances","startTime":437.778,"endTime":438.138,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":438.202,"endTime":442.618,"body":"And then you started I guess just"},{"speaker":"Average Joe Finances","startTime":438.202,"endTime":442.618,"body":"taking on a couple smaller transactions"},{"speaker":"Average Joe Finances","startTime":442.618,"endTime":444.309,"body":"of four plexes, eight plexes."},{"speaker":"Average Joe Finances","startTime":444.309,"endTime":446.379,"body":"You said like the smaller"},{"speaker":"Average Joe Finances","startTime":444.309,"endTime":446.379,"body":"multifamily space."},{"speaker":"Average Joe Finances","startTime":446.387,"endTime":449.066,"body":"And then you said, okay, it's time"},{"speaker":"Average Joe Finances","startTime":446.387,"endTime":449.066,"body":"to go into an apartment building"},{"speaker":"Average Joe Finances","startTime":449.066,"endTime":450.596,"body":"or start doing syndications."},{"speaker":"Average Joe Finances","startTime":450.986,"endTime":452.766,"body":"How did you learn about syndications?"},{"speaker":"Jorge Abreu","startTime":452.766,"endTime":457.199,"body":"It was, I wanna say"},{"speaker":"Jorge Abreu","startTime":452.766,"endTime":457.199,"body":"it originally came about from a"},{"speaker":"Jorge Abreu","startTime":457.204,"endTime":459.299,"body":"client on the construction company."},{"speaker":"Jorge Abreu","startTime":459.509,"endTime":463.522,"body":"So actually we ended up, started doing"},{"speaker":"Jorge Abreu","startTime":459.509,"endTime":463.522,"body":"some more commercial deals and multifamily"},{"speaker":"Jorge Abreu","startTime":463.522,"endTime":465.355,"body":"renovations for other investors."},{"speaker":"Jorge Abreu","startTime":465.355,"endTime":469.636,"body":"And then talking to those investors"},{"speaker":"Jorge Abreu","startTime":465.355,"endTime":469.636,"body":"on the multifamily and them telling me"},{"speaker":"Jorge Abreu","startTime":469.646,"endTime":473.416,"body":"how they acquired the property is what"},{"speaker":"Jorge Abreu","startTime":469.646,"endTime":473.416,"body":"kind of got me, peaked my interest."},{"speaker":"Jorge Abreu","startTime":473.416,"endTime":474.882,"body":"And then I started digging in from there."},{"speaker":"Average Joe Finances","startTime":474.969,"endTime":475.385,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":475.412,"endTime":475.655,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":475.665,"endTime":480.07,"body":"It's amazing what a conversation can spark"},{"speaker":"Average Joe Finances","startTime":475.665,"endTime":480.07,"body":"up when you're just talking to people."},{"speaker":"Average Joe Finances","startTime":480.07,"endTime":482.02,"body":"That's why I love going to conferences."},{"speaker":"Average Joe Finances","startTime":482.02,"endTime":484.42,"body":"I love going to meetups"},{"speaker":"Average Joe Finances","startTime":482.02,"endTime":484.42,"body":"cause you never know."},{"speaker":"Average Joe Finances","startTime":484.428,"endTime":487.685,"body":"What type of opportunity might"},{"speaker":"Average Joe Finances","startTime":484.428,"endTime":487.685,"body":"present itself just from having"},{"speaker":"Average Joe Finances","startTime":487.685,"endTime":488.855,"body":"a conversation with somebody."},{"speaker":"Average Joe Finances","startTime":488.855,"endTime":489.717,"body":"So that's awesome, man."},{"speaker":"Average Joe Finances","startTime":489.808,"endTime":495.478,"body":"Jorge, as you got into the multi-family"},{"speaker":"Average Joe Finances","startTime":489.808,"endTime":495.478,"body":"space and you decided to syndicate,"},{"speaker":"Average Joe Finances","startTime":495.478,"endTime":499.183,"body":"did you do anything first, like"},{"speaker":"Average Joe Finances","startTime":495.478,"endTime":499.183,"body":"maybe a JV with some partners before"},{"speaker":"Average Joe Finances","startTime":499.188,"endTime":500.893,"body":"you decided to take on investors?"},{"speaker":"Average Joe Finances","startTime":500.893,"endTime":502.883,"body":"Or how did that look, how did"},{"speaker":"Average Joe Finances","startTime":500.893,"endTime":502.883,"body":"that process look for you when"},{"speaker":"Average Joe Finances","startTime":502.883,"endTime":504.263,"body":"you first made that transition?"},{"speaker":"Jorge Abreu","startTime":504.357,"endTime":507.718,"body":"Yeah, so our first deal I"},{"speaker":"Jorge Abreu","startTime":504.357,"endTime":507.718,"body":"felt like that was our weakest link was,"},{"speaker":"Jorge Abreu","startTime":508.258,"endTime":510.827,"body":"we had never raised equity from investors."},{"speaker":"Jorge Abreu","startTime":510.977,"endTime":515.897,"body":"The single family stuff we had done,"},{"speaker":"Jorge Abreu","startTime":510.977,"endTime":515.897,"body":"we had a couple private lenders that"},{"speaker":"Jorge Abreu","startTime":515.902,"endTime":520.768,"body":"had been letting us money forever and"},{"speaker":"Jorge Abreu","startTime":515.902,"endTime":520.768,"body":"then, our own funds on some deals."},{"speaker":"Jorge Abreu","startTime":520.768,"endTime":522.701,"body":"So never had to go and raise equity."},{"speaker":"Jorge Abreu","startTime":522.741,"endTime":526.329,"body":"So on our first deal we brought"},{"speaker":"Jorge Abreu","startTime":522.741,"endTime":526.329,"body":"somebody in that had that experience."},{"speaker":"Jorge Abreu","startTime":526.382,"endTime":528.878,"body":"So we didn't have to worry"},{"speaker":"Jorge Abreu","startTime":526.382,"endTime":528.878,"body":"about that on that one either."},{"speaker":"Jorge Abreu","startTime":528.895,"endTime":534.372,"body":"And then on the second deal that I"},{"speaker":"Jorge Abreu","startTime":528.895,"endTime":534.372,"body":"had the same plan, but in the middle"},{"speaker":"Jorge Abreu","startTime":534.377,"endTime":538.346,"body":"of it, pretty much the person that I"},{"speaker":"Jorge Abreu","startTime":534.377,"endTime":538.346,"body":"brought in our Co-GP on the deal told"},{"speaker":"Jorge Abreu","startTime":538.386,"endTime":542.079,"body":"us that they were overextended and they"},{"speaker":"Jorge Abreu","startTime":538.386,"endTime":542.079,"body":"couldn't get the equity or not all of it."},{"speaker":"Jorge Abreu","startTime":542.079,"endTime":544.918,"body":"Got pushed into raising"},{"speaker":"Jorge Abreu","startTime":542.079,"endTime":544.918,"body":"the equity on that deal."},{"speaker":"Jorge Abreu","startTime":544.982,"endTime":548.929,"body":"We were successful in doing it and"},{"speaker":"Jorge Abreu","startTime":544.982,"endTime":548.929,"body":"I had started planting those seeds."},{"speaker":"Jorge Abreu","startTime":548.929,"endTime":550.129,"body":"I just hadn't done it yet."},{"speaker":"Average Joe Finances","startTime":550.129,"endTime":550.539,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":550.539,"endTime":553.493,"body":"It's a good thing you planted those"},{"speaker":"Average Joe Finances","startTime":550.539,"endTime":553.493,"body":"seeds because they sprouted and they"},{"speaker":"Average Joe Finances","startTime":553.493,"endTime":555.523,"body":"were forced to  grow right away."},{"speaker":"Average Joe Finances","startTime":555.574,"endTime":555.814,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":555.819,"endTime":560.154,"body":"So again it's nice when you have a it's"},{"speaker":"Average Joe Finances","startTime":555.819,"endTime":560.154,"body":"nice and stressful at the same time."},{"speaker":"Average Joe Finances","startTime":560.154,"endTime":563.112,"body":"When you have a forcing function"},{"speaker":"Average Joe Finances","startTime":560.154,"endTime":563.112,"body":"like that kind of pushes you, okay,"},{"speaker":"Average Joe Finances","startTime":563.112,"endTime":565.734,"body":"we thought we were good, but hey,"},{"speaker":"Average Joe Finances","startTime":563.112,"endTime":565.734,"body":"I don't have the capital for us"},{"speaker":"Average Joe Finances","startTime":565.734,"endTime":567.444,"body":"to go in and close on this deal."},{"speaker":"Average Joe Finances","startTime":567.444,"endTime":568.864,"body":"We need to raise the money."},{"speaker":"Average Joe Finances","startTime":568.88,"endTime":570.83,"body":"Under pressure you're"},{"speaker":"Average Joe Finances","startTime":568.88,"endTime":570.83,"body":"gonna figure it out, right?"},{"speaker":"Average Joe Finances","startTime":570.83,"endTime":572.21,"body":"You're either gonna figure"},{"speaker":"Average Joe Finances","startTime":570.83,"endTime":572.21,"body":"it out or you're gonna."},{"speaker":"Average Joe Finances","startTime":572.945,"endTime":574.275,"body":"So I'm glad you figured it out."},{"speaker":"Average Joe Finances","startTime":574.275,"endTime":576.534,"body":"cause that's turned into,"},{"speaker":"Average Joe Finances","startTime":574.275,"endTime":576.534,"body":"what you have now, right?"},{"speaker":"Average Joe Finances","startTime":576.534,"endTime":577.46,"body":"With with Elevate."},{"speaker":"Average Joe Finances","startTime":577.533,"endTime":579.543,"body":"Which is awesome and I love"},{"speaker":"Average Joe Finances","startTime":577.533,"endTime":579.543,"body":"your shirt man, by the way."},{"speaker":"Average Joe Finances","startTime":579.678,"endTime":582.848,"body":"For those of you that aren't watching"},{"speaker":"Average Joe Finances","startTime":579.678,"endTime":582.848,"body":"this his shirt says, don't wait."},{"speaker":"Average Joe Finances","startTime":582.848,"endTime":583.338,"body":"Elevate."},{"speaker":"Average Joe Finances","startTime":583.338,"endTime":584.295,"body":"Absolutely love that."},{"speaker":"Average Joe Finances","startTime":584.316,"endTime":585.152,"body":"Okay, cool, man."},{"speaker":"Average Joe Finances","startTime":585.164,"endTime":588.722,"body":"Now, as you as you got further"},{"speaker":"Average Joe Finances","startTime":585.164,"endTime":588.722,"body":"into this, obviously you've you've"},{"speaker":"Average Joe Finances","startTime":588.722,"endTime":592.046,"body":"built your structure around what"},{"speaker":"Average Joe Finances","startTime":588.722,"endTime":592.046,"body":"your KPI's are, what you're looking"},{"speaker":"Average Joe Finances","startTime":592.046,"endTime":593.806,"body":"for what markets do you invest?"},{"speaker":"Jorge Abreu","startTime":593.86,"endTime":597.729,"body":"So we're highly concentrated"},{"speaker":"Jorge Abreu","startTime":593.86,"endTime":597.729,"body":"in Texas, obviously that's, I'm out of"},{"speaker":"Jorge Abreu","startTime":597.729,"endTime":601.629,"body":"Dallas, Texas, and then we own quite"},{"speaker":"Jorge Abreu","startTime":597.729,"endTime":601.629,"body":"a bit in Dallas, Houston, some of"},{"speaker":"Jorge Abreu","startTime":601.634,"endTime":603.939,"body":"the smaller submarkets around those."},{"speaker":"Jorge Abreu","startTime":604.056,"endTime":608.975,"body":"We also kind of the sunbelt, I'll look at"},{"speaker":"Jorge Abreu","startTime":604.056,"endTime":608.975,"body":"any landlord friendly state pretty much"},{"speaker":"Jorge Abreu","startTime":608.975,"endTime":611.581,"body":"and just dive into the numbers and see."},{"speaker":"Jorge Abreu","startTime":611.593,"endTime":615.802,"body":"What's happening, we just got a deal"},{"speaker":"Jorge Abreu","startTime":611.593,"endTime":615.802,"body":"in northwest Arkansas under contract."},{"speaker":"Jorge Abreu","startTime":615.857,"endTime":619.898,"body":"The fundamentals looked great for"},{"speaker":"Jorge Abreu","startTime":615.857,"endTime":619.898,"body":"the area, so we dove right in."},{"speaker":"Jorge Abreu","startTime":619.903,"endTime":623.604,"body":"We've got a bunch in Oklahoma"},{"speaker":"Jorge Abreu","startTime":619.903,"endTime":623.604,"body":"closing on some in Florida here soon."},{"speaker":"Jorge Abreu","startTime":623.604,"endTime":625.579,"body":"And Georgia, South Carolina."},{"speaker":"Jorge Abreu","startTime":625.579,"endTime":626.719,"body":"So pretty open."},{"speaker":"Average Joe Finances","startTime":626.875,"endTime":627.325,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":627.325,"endTime":630.712,"body":"Yeah, so that's a popular the"},{"speaker":"Average Joe Finances","startTime":627.325,"endTime":630.712,"body":"Sunbelt's very popular right now."},{"speaker":"Average Joe Finances","startTime":630.779,"endTime":634.521,"body":"It goes with the fact that they"},{"speaker":"Average Joe Finances","startTime":630.779,"endTime":634.521,"body":"are, more landlord friendly states."},{"speaker":"Average Joe Finances","startTime":634.588,"endTime":637.801,"body":"And there's nothing wrong with that"},{"speaker":"Average Joe Finances","startTime":634.588,"endTime":637.801,"body":"because, as a landlord you wanna make"},{"speaker":"Average Joe Finances","startTime":637.801,"endTime":641.275,"body":"sure that, you're not put yourself"},{"speaker":"Average Joe Finances","startTime":637.801,"endTime":641.275,"body":"in a situation with more risk that"},{"speaker":"Average Joe Finances","startTime":641.275,"endTime":642.733,"body":"you don't have to put yourself into."},{"speaker":"Jorge Abreu","startTime":642.733,"endTime":645.474,"body":"The way I see it, man,"},{"speaker":"Jorge Abreu","startTime":642.733,"endTime":645.474,"body":"there's so many variables in multifamily"},{"speaker":"Jorge Abreu","startTime":645.474,"endTime":647.394,"body":"real estate that the last thing I need is."},{"speaker":"Jorge Abreu","startTime":648.009,"endTime":650.229,"body":"Something that I have"},{"speaker":"Jorge Abreu","startTime":648.009,"endTime":650.229,"body":"no control over at all."},{"speaker":"Average Joe Finances","startTime":650.259,"endTime":650.837,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":650.853,"endTime":654.249,"body":"But the good thing too, like with"},{"speaker":"Average Joe Finances","startTime":650.853,"endTime":654.249,"body":"you being in Dallas and having a"},{"speaker":"Average Joe Finances","startTime":654.249,"endTime":658.305,"body":"large majority of your investments"},{"speaker":"Average Joe Finances","startTime":654.249,"endTime":658.305,"body":"in Texas as well you're close to"},{"speaker":"Average Joe Finances","startTime":658.305,"endTime":660.045,"body":"the quote unquote problem, right?"},{"speaker":"Average Joe Finances","startTime":660.05,"endTime":663.128,"body":"If there's something that comes up"},{"speaker":"Average Joe Finances","startTime":660.05,"endTime":663.128,"body":"me living in Hawaii makes it very"},{"speaker":"Average Joe Finances","startTime":663.128,"endTime":667.058,"body":"difficult when I have something"},{"speaker":"Average Joe Finances","startTime":663.128,"endTime":667.058,"body":"going on because all of my assets"},{"speaker":"Average Joe Finances","startTime":667.058,"endTime":668.358,"body":"are back on the mainland, right?"},{"speaker":"Average Joe Finances","startTime":668.363,"endTime":671.478,"body":"So now what I'm doing right now is I"},{"speaker":"Average Joe Finances","startTime":668.363,"endTime":671.478,"body":"invest as a limited partner because"},{"speaker":"Average Joe Finances","startTime":671.478,"endTime":674.565,"body":"it's just easier for me at this time"},{"speaker":"Average Joe Finances","startTime":671.478,"endTime":674.565,"body":"with how busy everything's been."},{"speaker":"Average Joe Finances","startTime":674.569,"endTime":675.109,"body":"And."},{"speaker":"Average Joe Finances","startTime":675.829,"endTime":678.717,"body":"I kinda like it because it's,"},{"speaker":"Average Joe Finances","startTime":675.829,"endTime":678.717,"body":"outta sight outta mind for me."},{"speaker":"Average Joe Finances","startTime":678.717,"endTime":682.673,"body":"I just, here's my capital and go"},{"speaker":"Average Joe Finances","startTime":678.717,"endTime":682.673,"body":"forth and conquer and conquer they do."},{"speaker":"Average Joe Finances","startTime":682.699,"endTime":684.229,"body":"So it's absolutely awesome."},{"speaker":"Average Joe Finances","startTime":684.229,"endTime":685.727,"body":"That's why I love syndications."},{"speaker":"Average Joe Finances","startTime":685.732,"endTime":686.507,"body":"I love real estate."},{"speaker":"Average Joe Finances","startTime":686.507,"endTime":687.976,"body":"Syndications, multifamily."},{"speaker":"Average Joe Finances","startTime":688.046,"endTime":691.635,"body":"It's just a great asset class,"},{"speaker":"Average Joe Finances","startTime":688.046,"endTime":691.635,"body":"and it's it's something that's"},{"speaker":"Average Joe Finances","startTime":691.655,"endTime":693.455,"body":"pretty recession resistant."},{"speaker":"Average Joe Finances","startTime":693.522,"endTime":695.165,"body":"I wouldn't say it's a"},{"speaker":"Average Joe Finances","startTime":693.522,"endTime":695.165,"body":"hundred percent foolproof."},{"speaker":"Average Joe Finances","startTime":695.195,"endTime":697.01,"body":"You have to do your due diligence, right?"},{"speaker":"Average Joe Finances","startTime":697.079,"endTime":698.759,"body":"There's some bad deals out there."},{"speaker":"Average Joe Finances","startTime":698.759,"endTime":700.437,"body":"There's some bad syndications out there."},{"speaker":"Average Joe Finances","startTime":700.466,"endTime":701.289,"body":"You see it all the time."},{"speaker":"Average Joe Finances","startTime":701.314,"endTime":703.882,"body":"If you find some good operators"},{"speaker":"Average Joe Finances","startTime":701.314,"endTime":703.882,"body":"here like Jorge you don't have"},{"speaker":"Average Joe Finances","startTime":703.882,"endTime":705.352,"body":"to worry about going belly up."},{"speaker":"Average Joe Finances","startTime":705.375,"endTime":707.713,"body":"You get your return and you"},{"speaker":"Average Joe Finances","startTime":705.375,"endTime":707.713,"body":"could be a happy investor."},{"speaker":"Average Joe Finances","startTime":707.736,"endTime":708.546,"body":"It's good stuff, man."},{"speaker":"Jorge Abreu","startTime":708.726,"endTime":712.612,"body":"It's like you said, it's you"},{"speaker":"Jorge Abreu","startTime":708.726,"endTime":712.612,"body":"look historically, the way multifamily"},{"speaker":"Jorge Abreu","startTime":712.612,"endTime":717.186,"body":"has performed during your down cycles and"},{"speaker":"Jorge Abreu","startTime":712.612,"endTime":717.186,"body":"even during covid, it's pretty solid, but"},{"speaker":"Jorge Abreu","startTime":717.186,"endTime":720.795,"body":"like you said, definitely do your homework"},{"speaker":"Jorge Abreu","startTime":717.186,"endTime":720.795,"body":"and vet your sponsors, your deal sponsors."},{"speaker":"Jorge Abreu","startTime":720.923,"endTime":722.053,"body":"Very important for sure."},{"speaker":"Average Joe Finances","startTime":722.103,"endTime":722.903,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":722.922,"endTime":723.234,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":723.275,"endTime":724.476,"body":"I wanna talk about that"},{"speaker":"Average Joe Finances","startTime":723.275,"endTime":724.476,"body":"a little bit, right?"},{"speaker":"Average Joe Finances","startTime":724.526,"endTime":727.631,"body":"cause now that I'm thinking about"},{"speaker":"Average Joe Finances","startTime":724.526,"endTime":727.631,"body":"the timeline here, you had mentioned"},{"speaker":"Average Joe Finances","startTime":727.631,"endTime":731.316,"body":"that, when you were doing the single"},{"speaker":"Average Joe Finances","startTime":727.631,"endTime":731.316,"body":"family stuff you had done that for 10"},{"speaker":"Average Joe Finances","startTime":731.316,"endTime":734.296,"body":"years before you got into multifamily."},{"speaker":"Average Joe Finances","startTime":734.327,"endTime":736.457,"body":"When did you start"},{"speaker":"Average Joe Finances","startTime":734.327,"endTime":736.457,"body":"single family investing?"},{"speaker":"Average Joe Finances","startTime":736.552,"endTime":737.962,"body":"Was it after 2008?"},{"speaker":"Jorge Abreu","startTime":738.013,"endTime":740.167,"body":"No, it was '05 or '06 around."},{"speaker":"Average Joe Finances","startTime":740.167,"endTime":740.467,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":740.557,"endTime":743.591,"body":"So you went through that pain on"},{"speaker":"Average Joe Finances","startTime":740.557,"endTime":743.591,"body":"the single family side, right?"},{"speaker":"Average Joe Finances","startTime":743.591,"endTime":747.666,"body":"So you felt that, how was"},{"speaker":"Average Joe Finances","startTime":743.591,"endTime":747.666,"body":"that compared to 2020?"},{"speaker":"Jorge Abreu","startTime":747.669,"endTime":748.609,"body":"Very different."},{"speaker":"Jorge Abreu","startTime":748.609,"endTime":750.305,"body":"I guess you're talking about Covid, right?"},{"speaker":"Jorge Abreu","startTime":750.419,"endTime":751.799,"body":"The fundamentals were great."},{"speaker":"Jorge Abreu","startTime":751.799,"endTime":753.523,"body":"The economy was great, right?"},{"speaker":"Jorge Abreu","startTime":753.523,"endTime":757.096,"body":"It was the country just"},{"speaker":"Jorge Abreu","startTime":753.523,"endTime":757.096,"body":"put a pause on everything."},{"speaker":"Jorge Abreu","startTime":757.126,"endTime":763.638,"body":"So I mean it was definitely different"},{"speaker":"Jorge Abreu","startTime":757.126,"endTime":763.638,"body":"going, looking back at 08, was felt"},{"speaker":"Jorge Abreu","startTime":763.638,"endTime":766.223,"body":"like a pause, but it was literally"},{"speaker":"Jorge Abreu","startTime":763.638,"endTime":766.223,"body":"I always say this, like somebody"},{"speaker":"Jorge Abreu","startTime":766.223,"endTime":768.147,"body":"just turned the lights off and."},{"speaker":"Jorge Abreu","startTime":768.155,"endTime":770.387,"body":"They did not come back on for a while."},{"speaker":"Jorge Abreu","startTime":770.387,"endTime":775.223,"body":"With 2020 I think once things"},{"speaker":"Jorge Abreu","startTime":770.387,"endTime":775.223,"body":"shoot towards the end of 2020 it"},{"speaker":"Jorge Abreu","startTime":775.223,"endTime":776.787,"body":"started heating up quite a bit."},{"speaker":"Jorge Abreu","startTime":776.87,"endTime":778.777,"body":"And then 2021 was just ridiculous."},{"speaker":"Jorge Abreu","startTime":778.848,"endTime":780.288,"body":"The fundamentals were still there."},{"speaker":"Jorge Abreu","startTime":780.316,"endTime":783.922,"body":"The economy was still wanting"},{"speaker":"Jorge Abreu","startTime":780.316,"endTime":783.922,"body":"to thrive and as soon as things"},{"speaker":"Jorge Abreu","startTime":783.922,"endTime":785.734,"body":"opened up, it was back at it."},{"speaker":"Jorge Abreu","startTime":785.762,"endTime":787.368,"body":"Look at what they're"},{"speaker":"Jorge Abreu","startTime":785.762,"endTime":787.368,"body":"doing now to calm it down."},{"speaker":"Average Joe Finances","startTime":787.368,"endTime":787.619,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":787.649,"endTime":788.332,"body":"No that's great."},{"speaker":"Average Joe Finances","startTime":788.332,"endTime":791.723,"body":"So it's good though because you've"},{"speaker":"Average Joe Finances","startTime":788.332,"endTime":791.723,"body":"been able to experience what a true"},{"speaker":"Average Joe Finances","startTime":792.786,"endTime":796.33,"body":"downturn, recession looks versus"},{"speaker":"Average Joe Finances","startTime":792.786,"endTime":796.33,"body":"what we've experienced recently"},{"speaker":"Average Joe Finances","startTime":796.347,"endTime":798.66,"body":"and what we're going through right"},{"speaker":"Average Joe Finances","startTime":796.347,"endTime":798.66,"body":"now, cause now we're starting to"},{"speaker":"Average Joe Finances","startTime":798.665,"endTime":801.008,"body":"see a, like a lull here in 2022."},{"speaker":"Average Joe Finances","startTime":801.245,"endTime":804.566,"body":"And, they haven't officially called it a"},{"speaker":"Average Joe Finances","startTime":801.245,"endTime":804.566,"body":"recession even though we've had two back"},{"speaker":"Average Joe Finances","startTime":804.566,"endTime":806.343,"body":"to back negative GDP quarters, right?"},{"speaker":"Average Joe Finances","startTime":806.343,"endTime":809.653,"body":"Or negative GDP on two quarters"},{"speaker":"Average Joe Finances","startTime":806.343,"endTime":809.653,"body":"but again, hasn't been called a"},{"speaker":"Average Joe Finances","startTime":809.653,"endTime":811.985,"body":"recession because, we're not the"},{"speaker":"Average Joe Finances","startTime":809.653,"endTime":811.985,"body":"ones who make those decisions."},{"speaker":"Average Joe Finances","startTime":811.985,"endTime":812.405,"body":"Other people."},{"speaker":"Average Joe Finances","startTime":812.61,"endTime":816.567,"body":"And, it's different than any other time"},{"speaker":"Average Joe Finances","startTime":812.61,"endTime":816.567,"body":"that I've seen it like this, right?"},{"speaker":"Average Joe Finances","startTime":816.796,"endTime":821.196,"body":"There has been some job loss, but nothing"},{"speaker":"Average Joe Finances","startTime":816.796,"endTime":821.196,"body":"significant, nothing crazy, right?"},{"speaker":"Average Joe Finances","startTime":821.201,"endTime":823.369,"body":"Because there's still a lot"},{"speaker":"Average Joe Finances","startTime":821.201,"endTime":823.369,"body":"of people getting hired."},{"speaker":"Average Joe Finances","startTime":823.369,"endTime":828.329,"body":"So you don't really see the financial"},{"speaker":"Average Joe Finances","startTime":823.369,"endTime":828.329,"body":"extraness that you saw in the past"},{"speaker":"Average Joe Finances","startTime":828.329,"endTime":831.201,"body":"where you have to worry about whether"},{"speaker":"Average Joe Finances","startTime":828.329,"endTime":831.201,"body":"or not people can be able to pay rent"},{"speaker":"Average Joe Finances","startTime":831.244,"endTime":834.98,"body":"or whether or not, the actual real"},{"speaker":"Average Joe Finances","startTime":831.244,"endTime":834.98,"body":"estate value will hold its worth."},{"speaker":"Average Joe Finances","startTime":834.98,"endTime":838.433,"body":"And it just is and that's one of the"},{"speaker":"Average Joe Finances","startTime":834.98,"endTime":838.433,"body":"things that I think is is quite amazing."},{"speaker":"Average Joe Finances","startTime":838.478,"endTime":843.181,"body":"And one of the reasons why, especially"},{"speaker":"Average Joe Finances","startTime":838.478,"endTime":843.181,"body":"in multifamily, cause even, if the market"},{"speaker":"Average Joe Finances","startTime":843.181,"endTime":847.354,"body":"does tank right and you see the single"},{"speaker":"Average Joe Finances","startTime":843.181,"endTime":847.354,"body":"family homes go down in value multifamily,"},{"speaker":"Average Joe Finances","startTime":847.384,"endTime":849.642,"body":"it's based off of that NOI, right?"},{"speaker":"Average Joe Finances","startTime":849.658,"endTime":854.042,"body":"So as long as you're doing what you"},{"speaker":"Average Joe Finances","startTime":849.658,"endTime":854.042,"body":"gotta do as a good operator, you're gonna"},{"speaker":"Average Joe Finances","startTime":854.042,"endTime":856.327,"body":"keep that value of that property up."},{"speaker":"Average Joe Finances","startTime":856.397,"endTime":859.299,"body":"You know I think some of the things"},{"speaker":"Average Joe Finances","startTime":856.397,"endTime":859.299,"body":"you're looking for in those areas are, the"},{"speaker":"Average Joe Finances","startTime":859.299,"endTime":863.862,"body":"population growth, job growth and things"},{"speaker":"Average Joe Finances","startTime":859.299,"endTime":863.862,"body":"like that kind of really give you a safe"},{"speaker":"Average Joe Finances","startTime":863.862,"endTime":866.022,"body":"bet when you get into multifamily, right?"},{"speaker":"Average Joe Finances","startTime":866.022,"endTime":870.038,"body":"If you're in a area that's growing and"},{"speaker":"Average Joe Finances","startTime":866.022,"endTime":870.038,"body":"booming, it's gonna continue to do that."},{"speaker":"Average Joe Finances","startTime":870.052,"endTime":872.174,"body":"And I remember talking about"},{"speaker":"Average Joe Finances","startTime":870.052,"endTime":872.174,"body":"this at the conference."},{"speaker":"Average Joe Finances","startTime":872.367,"endTime":874.647,"body":"Everybody that's in the real"},{"speaker":"Average Joe Finances","startTime":872.367,"endTime":874.647,"body":"estate space really talks about"},{"speaker":"Average Joe Finances","startTime":874.647,"endTime":878.607,"body":"this as well is you wanna look 5,"},{"speaker":"Average Joe Finances","startTime":874.647,"endTime":878.607,"body":"10, 15 years down the road, right?"},{"speaker":"Average Joe Finances","startTime":878.607,"endTime":879.957,"body":"It's, this is not a."},{"speaker":"Average Joe Finances","startTime":879.983,"endTime":880.973,"body":"Get rich quick thing."},{"speaker":"Average Joe Finances","startTime":880.973,"endTime":885.005,"body":"This is a build wealth over time thing,"},{"speaker":"Average Joe Finances","startTime":880.973,"endTime":885.005,"body":"So I just wanna touch on that a little"},{"speaker":"Average Joe Finances","startTime":885.005,"endTime":888.652,"body":"bit because of the fact that, there's"},{"speaker":"Average Joe Finances","startTime":885.005,"endTime":888.652,"body":"so much fear out there right now."},{"speaker":"Average Joe Finances","startTime":888.657,"endTime":890.632,"body":"There's, and a lot of"},{"speaker":"Average Joe Finances","startTime":888.657,"endTime":890.632,"body":"fear mongering, right?"},{"speaker":"Average Joe Finances","startTime":890.632,"endTime":892.252,"body":"A lot of people kind of playing on that."},{"speaker":"Average Joe Finances","startTime":892.261,"endTime":898.1,"body":"And it just drives me bananas because I"},{"speaker":"Average Joe Finances","startTime":892.261,"endTime":898.1,"body":"don't see a lot of this end of the world"},{"speaker":"Average Joe Finances","startTime":898.1,"endTime":900.138,"body":"apocalypse that people are calling for."},{"speaker":"Average Joe Finances","startTime":900.172,"endTime":903.805,"body":"I did a poll in my group recently"},{"speaker":"Average Joe Finances","startTime":900.172,"endTime":903.805,"body":"about, Hey, do you think now's"},{"speaker":"Average Joe Finances","startTime":903.805,"endTime":905.125,"body":"a good time to buy real estate?"},{"speaker":"Average Joe Finances","startTime":905.125,"endTime":906.085,"body":"Why or why not?"},{"speaker":"Average Joe Finances","startTime":906.505,"endTime":908.628,"body":"And right now I think it's 92%."},{"speaker":"Average Joe Finances","startTime":908.718,"endTime":912.635,"body":"Yes, now's a great time to buy"},{"speaker":"Average Joe Finances","startTime":908.718,"endTime":912.635,"body":"real estate, where 8% eh, you know?"},{"speaker":"Average Joe Finances","startTime":912.725,"endTime":913.539,"body":"So I don't know."},{"speaker":"Average Joe Finances","startTime":913.599,"endTime":915.309,"body":"What's your thoughts on that right now?"},{"speaker":"Jorge Abreu","startTime":915.529,"endTime":915.829,"body":"Yeah."},{"speaker":"Jorge Abreu","startTime":915.881,"endTime":917.407,"body":"Look what's the alternative, right?"},{"speaker":"Jorge Abreu","startTime":917.482,"endTime":919.967,"body":"If you're just gonna put your"},{"speaker":"Jorge Abreu","startTime":917.482,"endTime":919.967,"body":"money on the sidelines and then"},{"speaker":"Jorge Abreu","startTime":919.967,"endTime":924.203,"body":"you've got inflation still there,"},{"speaker":"Jorge Abreu","startTime":919.967,"endTime":924.203,"body":"so you're actually losing money."},{"speaker":"Jorge Abreu","startTime":924.328,"endTime":928.304,"body":"If you look historically at real"},{"speaker":"Jorge Abreu","startTime":924.328,"endTime":928.304,"body":"estate, I mean if you structure the"},{"speaker":"Jorge Abreu","startTime":928.304,"endTime":933.924,"body":"deal and it's cash flowing and you"},{"speaker":"Jorge Abreu","startTime":928.304,"endTime":933.924,"body":"can hold it, you're gonna be okay."},{"speaker":"Jorge Abreu","startTime":933.953,"endTime":934.673,"body":"More than, okay."},{"speaker":"Jorge Abreu","startTime":934.698,"endTime":938.932,"body":"So it's finding those locations, like"},{"speaker":"Jorge Abreu","startTime":934.698,"endTime":938.932,"body":"you mentioned, the ones that have"},{"speaker":"Jorge Abreu","startTime":938.943,"endTime":941.15,"body":"the population growth the job growth."},{"speaker":"Jorge Abreu","startTime":941.204,"endTime":944.717,"body":"We really like the submarkets that"},{"speaker":"Jorge Abreu","startTime":941.204,"endTime":944.717,"body":"we can get in at a lower basis."},{"speaker":"Jorge Abreu","startTime":944.777,"endTime":947.127,"body":"What we feel is a good low"},{"speaker":"Jorge Abreu","startTime":944.777,"endTime":947.127,"body":"basis and there's still a"},{"speaker":"Jorge Abreu","startTime":947.127,"endTime":948.537,"body":"lot of room for growth there."},{"speaker":"Jorge Abreu","startTime":948.629,"endTime":951.429,"body":"So yeah, man, I mean I'm"},{"speaker":"Jorge Abreu","startTime":948.629,"endTime":951.429,"body":"a 100%, it's time to buy."},{"speaker":"Jorge Abreu","startTime":951.489,"endTime":956.252,"body":"That's one thing I did notice Going"},{"speaker":"Jorge Abreu","startTime":951.489,"endTime":956.252,"body":"through a down cycle, that window of"},{"speaker":"Jorge Abreu","startTime":956.252,"endTime":959.162,"body":"opportunity to buy it closes very quickly."},{"speaker":"Jorge Abreu","startTime":959.522,"endTime":960.813,"body":"Like before, it's gone."},{"speaker":"Jorge Abreu","startTime":960.84,"endTime":962.711,"body":"Especially in a normal recession."},{"speaker":"Jorge Abreu","startTime":962.713,"endTime":964.873,"body":"Oh wait, was not really a"},{"speaker":"Jorge Abreu","startTime":962.713,"endTime":964.873,"body":"normal recession either."},{"speaker":"Jorge Abreu","startTime":964.878,"endTime":967.364,"body":"That was a bit extreme to say the least."},{"speaker":"Jorge Abreu","startTime":967.375,"endTime":969.915,"body":"If this is gonna be a normal"},{"speaker":"Jorge Abreu","startTime":967.375,"endTime":969.915,"body":"recession, that window of"},{"speaker":"Jorge Abreu","startTime":969.915,"endTime":971.496,"body":"opportunity is not gonna be enough."},{"speaker":"Average Joe Finances","startTime":971.52,"endTime":976.092,"body":"Yeah, I would"},{"speaker":"Average Joe Finances","startTime":971.52,"endTime":976.092,"body":"say that '08 was like Avengers endgame."},{"speaker":"Average Joe Finances","startTime":976.302,"endTime":979.392,"body":"And what we're going through"},{"speaker":"Average Joe Finances","startTime":976.302,"endTime":979.392,"body":"right now is like Secret Wars"},{"speaker":"Average Joe Finances","startTime":979.422,"endTime":980.628,"body":"for you Marvel fans out there."},{"speaker":"Average Joe Finances","startTime":980.628,"endTime":982.979,"body":"This is like the secret recession"},{"speaker":"Average Joe Finances","startTime":980.628,"endTime":982.979,"body":"that nobody talks about."},{"speaker":"Average Joe Finances","startTime":982.986,"endTime":984.112,"body":"Keep it under wraps, right?"},{"speaker":"Average Joe Finances","startTime":984.156,"endTime":985.069,"body":"No, that's awesome, man."},{"speaker":"Average Joe Finances","startTime":985.083,"endTime":986.672,"body":"Now, so I get it, with."},{"speaker":"Average Joe Finances","startTime":986.702,"endTime":991.442,"body":"The fundamentals right now though"},{"speaker":"Average Joe Finances","startTime":986.702,"endTime":991.442,"body":"still remain the same no matter whether"},{"speaker":"Average Joe Finances","startTime":991.442,"endTime":993.212,"body":"it's an upmarket or a down market."},{"speaker":"Average Joe Finances","startTime":993.212,"endTime":995.899,"body":"And at least for me, one of"},{"speaker":"Average Joe Finances","startTime":993.212,"endTime":995.899,"body":"the things that I look for"},{"speaker":"Average Joe Finances","startTime":995.899,"endTime":997.987,"body":"is does the asset cash flow."},{"speaker":"Average Joe Finances","startTime":997.987,"endTime":1002.85,"body":"I'm not sitting here looking at stuff for"},{"speaker":"Average Joe Finances","startTime":997.987,"endTime":1002.85,"body":"appreciation cause now's not the time to"},{"speaker":"Average Joe Finances","startTime":1002.85,"endTime":1007.733,"body":"look for appreciation and realistically,"},{"speaker":"Average Joe Finances","startTime":1002.85,"endTime":1007.733,"body":"Never use that as one of the it's a"},{"speaker":"Average Joe Finances","startTime":1007.738,"endTime":1010.77,"body":"side benefit when you get appreciation,"},{"speaker":"Average Joe Finances","startTime":1007.738,"endTime":1010.77,"body":"but you should always be looking for"},{"speaker":"Average Joe Finances","startTime":1010.77,"endTime":1012.257,"body":"that cash flow, at least in my opinion."},{"speaker":"Average Joe Finances","startTime":1012.257,"endTime":1014.563,"body":"You wanna look for the cash flow,"},{"speaker":"Average Joe Finances","startTime":1012.257,"endTime":1014.563,"body":"because as long as you're getting"},{"speaker":"Average Joe Finances","startTime":1014.563,"endTime":1016.397,"body":"paid, you're not gonna go underwater."},{"speaker":"Average Joe Finances","startTime":1016.471,"endTime":1019.912,"body":"And I think one of the things a lot of"},{"speaker":"Average Joe Finances","startTime":1016.471,"endTime":1019.912,"body":"people ran into, back in '08 with with"},{"speaker":"Average Joe Finances","startTime":1019.912,"endTime":1023.819,"body":"the mortgage crisis that we had, is"},{"speaker":"Average Joe Finances","startTime":1019.912,"endTime":1023.819,"body":"they were like banking on appreciation."},{"speaker":"Average Joe Finances","startTime":1023.882,"endTime":1028.104,"body":"They were banking on, hey I can get all"},{"speaker":"Average Joe Finances","startTime":1023.882,"endTime":1028.104,"body":"these loans and, there's no regulation on"},{"speaker":"Average Joe Finances","startTime":1028.104,"endTime":1031.344,"body":"it, and I can just go buy all this real"},{"speaker":"Average Joe Finances","startTime":1028.104,"endTime":1031.344,"body":"estate and it's just gonna go up in value."},{"speaker":"Average Joe Finances","startTime":1031.404,"endTime":1033.123,"body":"It's just gonna continue"},{"speaker":"Average Joe Finances","startTime":1031.404,"endTime":1033.123,"body":"going up and up and up."},{"speaker":"Average Joe Finances","startTime":1033.123,"endTime":1037.048,"body":"And when everything tanked, 40 to"},{"speaker":"Average Joe Finances","startTime":1033.123,"endTime":1037.048,"body":"60%, they were in a big world of hurt."},{"speaker":"Jorge Abreu","startTime":1037.145,"endTime":1038.105,"body":"Leveraged as well."},{"speaker":"Average Joe Finances","startTime":1038.181,"endTime":1040.731,"body":"If you can't afford"},{"speaker":"Average Joe Finances","startTime":1038.181,"endTime":1040.731,"body":"to hold it for 10 years, don't buy it."},{"speaker":"Average Joe Finances","startTime":1040.801,"endTime":1041.292,"body":"That's the thing."},{"speaker":"Average Joe Finances","startTime":1041.297,"endTime":1044.134,"body":"If it's not gonna cash flow and"},{"speaker":"Average Joe Finances","startTime":1041.297,"endTime":1044.134,"body":"you can't afford to keep it, For at"},{"speaker":"Average Joe Finances","startTime":1044.134,"endTime":1045.808,"body":"least 10 years it's not worth it."},{"speaker":"Average Joe Finances","startTime":1045.838,"endTime":1048.771,"body":"Cause you, you never know when"},{"speaker":"Average Joe Finances","startTime":1045.838,"endTime":1048.771,"body":"something might happen where there's"},{"speaker":"Average Joe Finances","startTime":1048.771,"endTime":1050.299,"body":"gonna be a big drop in value."},{"speaker":"Average Joe Finances","startTime":1050.326,"endTime":1052.636,"body":"I don't foresee anything like that"},{"speaker":"Average Joe Finances","startTime":1050.326,"endTime":1052.636,"body":"happening right now, but who knows?"},{"speaker":"Average Joe Finances","startTime":1052.636,"endTime":1055.996,"body":"A meteor can strike and blow up"},{"speaker":"Average Joe Finances","startTime":1052.636,"endTime":1055.996,"body":"half the planet and then home values"},{"speaker":"Average Joe Finances","startTime":1055.996,"endTime":1057.593,"body":"can go up because there's less now."},{"speaker":"Average Joe Finances","startTime":1057.671,"endTime":1060.371,"body":", or go down because we"},{"speaker":"Average Joe Finances","startTime":1057.671,"endTime":1060.371,"body":"lost half the population."},{"speaker":"Average Joe Finances","startTime":1060.38,"endTime":1061.958,"body":"You never know what's gonna happen, right?"},{"speaker":"Average Joe Finances","startTime":1061.958,"endTime":1064.094,"body":"So I know that's crazy"},{"speaker":"Average Joe Finances","startTime":1061.958,"endTime":1064.094,"body":"talk, but you never know."},{"speaker":"Average Joe Finances","startTime":1064.159,"endTime":1066.648,"body":"And I think that's the whole"},{"speaker":"Average Joe Finances","startTime":1064.159,"endTime":1066.648,"body":"point is you never know."},{"speaker":"Average Joe Finances","startTime":1066.648,"endTime":1071.042,"body":"So just be prepared, like always prepare"},{"speaker":"Average Joe Finances","startTime":1066.648,"endTime":1071.042,"body":"yourself and buy cash flowing assets."},{"speaker":"Average Joe Finances","startTime":1071.043,"endTime":1074.651,"body":"So Jorge, there's this thing that I"},{"speaker":"Average Joe Finances","startTime":1071.043,"endTime":1074.651,"body":"like to do now called the final round."},{"speaker":"Average Joe Finances","startTime":1074.651,"endTime":1077.72,"body":"I wanna kind of transition into"},{"speaker":"Average Joe Finances","startTime":1074.651,"endTime":1077.72,"body":"that, where I'm gonna ask you three"},{"speaker":"Average Joe Finances","startTime":1077.72,"endTime":1081.165,"body":"hard hitting questions to kind,"},{"speaker":"Average Joe Finances","startTime":1077.72,"endTime":1081.165,"body":"this kind of tells us who Jorge is"},{"speaker":"Average Joe Finances","startTime":1081.17,"endTime":1084.477,"body":"under pressure and gets us, thinking"},{"speaker":"Average Joe Finances","startTime":1081.17,"endTime":1084.477,"body":"about your critical thinking skills."},{"speaker":"Average Joe Finances","startTime":1084.556,"endTime":1087.057,"body":"And then one opinionated"},{"speaker":"Average Joe Finances","startTime":1084.556,"endTime":1087.057,"body":"question at the end of that."},{"speaker":"Average Joe Finances","startTime":1087.057,"endTime":1088.84,"body":"If you're ready, we'll we'll"},{"speaker":"Average Joe Finances","startTime":1087.057,"endTime":1088.84,"body":"get this party started."},{"speaker":"Jorge Abreu","startTime":1088.94,"endTime":1089.92,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":1089.92,"endTime":1090.51,"body":"Okay awesome."},{"speaker":"Average Joe Finances","startTime":1090.56,"endTime":1093.164,"body":"So the first question, and"},{"speaker":"Average Joe Finances","startTime":1090.56,"endTime":1093.164,"body":"this is usually a doozy, right?"},{"speaker":"Average Joe Finances","startTime":1093.222,"endTime":1097.062,"body":"What's the biggest mistake you've"},{"speaker":"Average Joe Finances","startTime":1093.222,"endTime":1097.062,"body":"ever made in real estate investing?"},{"speaker":"Jorge Abreu","startTime":1097.208,"endTime":1099.158,"body":"Biggest"},{"speaker":"Jorge Abreu","startTime":1097.208,"endTime":1099.158,"body":"mistake I've ever made."},{"speaker":"Jorge Abreu","startTime":1099.225,"endTime":1103.142,"body":"Probably, Not doing multifamily"},{"speaker":"Jorge Abreu","startTime":1099.225,"endTime":1103.142,"body":"first and going into single family."},{"speaker":"Jorge Abreu","startTime":1103.142,"endTime":1108.323,"body":"Maybe just not in the beginning, not"},{"speaker":"Jorge Abreu","startTime":1103.142,"endTime":1108.323,"body":"calculating holding costs accurately."},{"speaker":"Jorge Abreu","startTime":1108.333,"endTime":1109.678,"body":"Those holding costs can creep on you."},{"speaker":"Jorge Abreu","startTime":1109.722,"endTime":1113.93,"body":"And then also not taking into account"},{"speaker":"Jorge Abreu","startTime":1109.722,"endTime":1113.93,"body":"in the single family game, you hear a"},{"speaker":"Jorge Abreu","startTime":1113.93,"endTime":1118.828,"body":"lot of investors say, oh, yeah, I bought"},{"speaker":"Jorge Abreu","startTime":1113.93,"endTime":1118.828,"body":"this for 80,000 and sold it for 120,000."},{"speaker":"Jorge Abreu","startTime":1118.828,"endTime":1120.028,"body":"I made $40,000."},{"speaker":"Jorge Abreu","startTime":1120.065,"endTime":1122.045,"body":"But how much time did"},{"speaker":"Jorge Abreu","startTime":1120.065,"endTime":1122.045,"body":"you spend doing that?"},{"speaker":"Jorge Abreu","startTime":1122.051,"endTime":1124.363,"body":"And your time is valuable as well."},{"speaker":"Jorge Abreu","startTime":1124.371,"endTime":1128.537,"body":"So taking that into account, I"},{"speaker":"Jorge Abreu","startTime":1124.371,"endTime":1128.537,"body":"know that's not one large mistake."},{"speaker":"Average Joe Finances","startTime":1128.587,"endTime":1130.267,"body":"No, I"},{"speaker":"Average Joe Finances","startTime":1128.587,"endTime":1130.267,"body":"that's that's actually a first,"},{"speaker":"Average Joe Finances","startTime":1130.295,"endTime":1133.69,"body":"I've heard, I wish I went into"},{"speaker":"Average Joe Finances","startTime":1130.295,"endTime":1133.69,"body":"multifamily first one before, right?"},{"speaker":"Average Joe Finances","startTime":1133.69,"endTime":1137.02,"body":"But yeah never had somebody talk"},{"speaker":"Average Joe Finances","startTime":1133.69,"endTime":1137.02,"body":"about holding costs and what that"},{"speaker":"Average Joe Finances","startTime":1137.02,"endTime":1138.46,"body":"can actually cost you over time."},{"speaker":"Average Joe Finances","startTime":1138.481,"endTime":1142.297,"body":"So that's actually really that's really"},{"speaker":"Average Joe Finances","startTime":1138.481,"endTime":1142.297,"body":"huge and I appreciate that answer and"},{"speaker":"Average Joe Finances","startTime":1142.297,"endTime":1145.681,"body":"your transparency there because lot"},{"speaker":"Average Joe Finances","startTime":1142.297,"endTime":1145.681,"body":"of people, they don't think about."},{"speaker":"Average Joe Finances","startTime":1145.815,"endTime":1149.801,"body":"The actual time that you're"},{"speaker":"Average Joe Finances","startTime":1145.815,"endTime":1149.801,"body":"losing when you hold an asset like"},{"speaker":"Average Joe Finances","startTime":1149.801,"endTime":1151.151,"body":"that, where if you would've just."},{"speaker":"Average Joe Finances","startTime":1151.631,"endTime":1154.91,"body":"Moved on and moved on to something else,"},{"speaker":"Average Joe Finances","startTime":1151.631,"endTime":1154.91,"body":"you could have, maybe done a couple"},{"speaker":"Average Joe Finances","startTime":1154.91,"endTime":1156.65,"body":"more transactions in that time period."},{"speaker":"Average Joe Finances","startTime":1156.688,"endTime":1159.251,"body":"Yeah, so definitely calculating"},{"speaker":"Average Joe Finances","startTime":1156.688,"endTime":1159.251,"body":"that or at least calculating it"},{"speaker":"Average Joe Finances","startTime":1159.251,"endTime":1162.661,"body":"to the point where you understand"},{"speaker":"Average Joe Finances","startTime":1159.251,"endTime":1162.661,"body":"you didn't really make $40,000,"},{"speaker":"Jorge Abreu","startTime":1162.685,"endTime":1163.145,"body":"Correct."},{"speaker":"Average Joe Finances","startTime":1163.145,"endTime":1164.98,"body":"You made, Less"},{"speaker":"Average Joe Finances","startTime":1163.145,"endTime":1164.98,"body":"than that because of the holding"},{"speaker":"Average Joe Finances","startTime":1164.98,"endTime":1167.68,"body":"time and the loans you were paying"},{"speaker":"Average Joe Finances","startTime":1164.98,"endTime":1167.68,"body":"during the time you were holding it."},{"speaker":"Average Joe Finances","startTime":1167.715,"endTime":1168.358,"body":"Yeah that's huge."},{"speaker":"Average Joe Finances","startTime":1169.078,"endTime":1169.678,"body":"Okay, cool."},{"speaker":"Average Joe Finances","startTime":1169.768,"endTime":1173.548,"body":"So the very next question I have, and"},{"speaker":"Average Joe Finances","startTime":1169.768,"endTime":1173.548,"body":"this kind of ties into it, is, what is"},{"speaker":"Average Joe Finances","startTime":1173.548,"endTime":1177.058,"body":"something that you've learned that you"},{"speaker":"Average Joe Finances","startTime":1173.548,"endTime":1177.058,"body":"wish you knew when you first started?"},{"speaker":"Jorge Abreu","startTime":1177.108,"endTime":1179.568,"body":"Something I've learned"},{"speaker":"Jorge Abreu","startTime":1177.108,"endTime":1179.568,"body":"that I wish I knew when I first started."},{"speaker":"Jorge Abreu","startTime":1179.806,"endTime":1182.806,"body":"Doing multifamily  instead"},{"speaker":"Jorge Abreu","startTime":1179.806,"endTime":1182.806,"body":"of single family."},{"speaker":"Jorge Abreu","startTime":1182.818,"endTime":1185.135,"body":"Going straight into multifamily"},{"speaker":"Jorge Abreu","startTime":1182.818,"endTime":1185.135,"body":"and just skipping over all"},{"speaker":"Jorge Abreu","startTime":1185.187,"endTime":1186.657,"body":"the single family deals I did."},{"speaker":"Average Joe Finances","startTime":1187.527,"endTime":1188.347,"body":"Yeah, that's fair."},{"speaker":"Average Joe Finances","startTime":1188.677,"endTime":1193.399,"body":"Okay, now I'll do a follow on question"},{"speaker":"Average Joe Finances","startTime":1188.677,"endTime":1193.399,"body":"to that since you did that and why"},{"speaker":"Average Joe Finances","startTime":1193.399,"endTime":1196.742,"body":"is it that you wish you would've"},{"speaker":"Average Joe Finances","startTime":1193.399,"endTime":1196.742,"body":"gone into multi-family before?"},{"speaker":"Average Joe Finances","startTime":1196.758,"endTime":1198.195,"body":"Or just first in general?"},{"speaker":"Jorge Abreu","startTime":1198.195,"endTime":1203.881,"body":"I just feel,"},{"speaker":"Jorge Abreu","startTime":1198.195,"endTime":1203.881,"body":"my goal was to build wealth."},{"speaker":"Jorge Abreu","startTime":1203.881,"endTime":1207.289,"body":"And in the single family there"},{"speaker":"Jorge Abreu","startTime":1203.881,"endTime":1207.289,"body":"was some good money and some good"},{"speaker":"Jorge Abreu","startTime":1207.289,"endTime":1210.472,"body":"transactions, but it was transaction"},{"speaker":"Jorge Abreu","startTime":1207.289,"endTime":1210.472,"body":"based from one to the next, one"},{"speaker":"Jorge Abreu","startTime":1210.472,"endTime":1211.739,"body":"to the next, one day to the next."},{"speaker":"Jorge Abreu","startTime":1211.739,"endTime":1214.257,"body":"And I never really got to"},{"speaker":"Jorge Abreu","startTime":1211.739,"endTime":1214.257,"body":"the point of building that."},{"speaker":"Jorge Abreu","startTime":1214.379,"endTime":1217.692,"body":"Generational type wealth that"},{"speaker":"Jorge Abreu","startTime":1214.379,"endTime":1217.692,"body":"I wanted to with multi-family."},{"speaker":"Jorge Abreu","startTime":1217.692,"endTime":1220.961,"body":"I see that path is a lot more attainable."},{"speaker":"Jorge Abreu","startTime":1220.961,"endTime":1222.725,"body":"So yeah, that's basically it."},{"speaker":"Average Joe Finances","startTime":1223.085,"endTime":1223.415,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1223.475,"endTime":1224.206,"body":"Yeah, that's fair."},{"speaker":"Average Joe Finances","startTime":1224.221,"endTime":1228.991,"body":"So the next question I have for you"},{"speaker":"Average Joe Finances","startTime":1224.221,"endTime":1228.991,"body":"is, do you have any tips or tricks"},{"speaker":"Average Joe Finances","startTime":1229.351,"endTime":1232.801,"body":"that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":1229.351,"endTime":1232.801,"body":"that is just getting started today?"},{"speaker":"Average Joe Finances","startTime":1232.861,"endTime":1235.811,"body":"Besides saying, get into"},{"speaker":"Average Joe Finances","startTime":1232.861,"endTime":1235.811,"body":"multifamily right away."},{"speaker":"Jorge Abreu","startTime":1235.875,"endTime":1236.505,"body":"Tips and tricks?"},{"speaker":"Jorge Abreu","startTime":1236.505,"endTime":1236.891,"body":"Yeah."},{"speaker":"Jorge Abreu","startTime":1236.95,"endTime":1241.646,"body":"I would say if your goal is to do"},{"speaker":"Jorge Abreu","startTime":1236.95,"endTime":1241.646,"body":"multi-family and to do that full-time, and"},{"speaker":"Jorge Abreu","startTime":1241.646,"endTime":1246.286,"body":"I think you alluded to this earlier too"},{"speaker":"Jorge Abreu","startTime":1241.646,"endTime":1246.286,"body":"but don't quit your job, don't quit where"},{"speaker":"Jorge Abreu","startTime":1246.286,"endTime":1248.138,"body":"you're getting your main income from."},{"speaker":"Jorge Abreu","startTime":1248.138,"endTime":1251.622,"body":"It takes a bit to get going on the"},{"speaker":"Jorge Abreu","startTime":1248.138,"endTime":1251.622,"body":"multi-family side especially to have"},{"speaker":"Jorge Abreu","startTime":1251.622,"endTime":1254.178,"body":"consistent income coming in as well."},{"speaker":"Jorge Abreu","startTime":1254.178,"endTime":1258.379,"body":"So take that into account and"},{"speaker":"Jorge Abreu","startTime":1254.178,"endTime":1258.379,"body":"don't just quit and say, okay, I'm"},{"speaker":"Jorge Abreu","startTime":1258.379,"endTime":1259.819,"body":"gonna be a multi-family investor."},{"speaker":"Jorge Abreu","startTime":1259.85,"endTime":1264.222,"body":"You need to set stuff up first and I think"},{"speaker":"Jorge Abreu","startTime":1259.85,"endTime":1264.222,"body":"work that side hustle before you do that."},{"speaker":"Average Joe Finances","startTime":1264.279,"endTime":1265.089,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1265.104,"endTime":1265.548,"body":"That's great."},{"speaker":"Average Joe Finances","startTime":1265.548,"endTime":1266.664,"body":"And I appreciate that answer."},{"speaker":"Average Joe Finances","startTime":1266.731,"endTime":1269.977,"body":"That's something that you hear"},{"speaker":"Average Joe Finances","startTime":1266.731,"endTime":1269.977,"body":"about sometimes, but I don't"},{"speaker":"Average Joe Finances","startTime":1269.977,"endTime":1271.537,"body":"think it's talked about enough."},{"speaker":"Average Joe Finances","startTime":1271.593,"endTime":1275.945,"body":"A lot of people buy into the hype"},{"speaker":"Average Joe Finances","startTime":1271.593,"endTime":1275.945,"body":"of I saw so and so quit their job"},{"speaker":"Average Joe Finances","startTime":1275.945,"endTime":1277.325,"body":"and went full time into real estate."},{"speaker":"Average Joe Finances","startTime":1277.355,"endTime":1278.255,"body":"I wanna do that too."},{"speaker":"Average Joe Finances","startTime":1278.255,"endTime":1281.852,"body":"I'm quitting my job next week and"},{"speaker":"Average Joe Finances","startTime":1278.255,"endTime":1281.852,"body":"I'm gonna force myself to to succeed."},{"speaker":"Average Joe Finances","startTime":1281.852,"endTime":1282.932,"body":"And if not, I fail."},{"speaker":"Average Joe Finances","startTime":1282.932,"endTime":1283.622,"body":"And I'm homeless."},{"speaker":"Average Joe Finances","startTime":1283.728,"endTime":1286.588,"body":"That you're not putting yourself in"},{"speaker":"Average Joe Finances","startTime":1283.728,"endTime":1286.588,"body":"a good spot, because, if you do fail,"},{"speaker":"Average Joe Finances","startTime":1286.588,"endTime":1289.588,"body":"then you'll be in that spot, like"},{"speaker":"Average Joe Finances","startTime":1286.588,"endTime":1289.588,"body":"you said, you'll be homeless, right?"},{"speaker":"Average Joe Finances","startTime":1289.606,"endTime":1293.995,"body":"So it's important that, you started"},{"speaker":"Average Joe Finances","startTime":1289.606,"endTime":1293.995,"body":"off as a side hustle or even start"},{"speaker":"Average Joe Finances","startTime":1293.995,"endTime":1297.261,"body":"a side hustle to raise capital,"},{"speaker":"Average Joe Finances","startTime":1293.995,"endTime":1297.261,"body":"to get yourself to the point where"},{"speaker":"Average Joe Finances","startTime":1297.266,"endTime":1298.591,"body":"you can actually use that money."},{"speaker":"Average Joe Finances","startTime":1298.845,"endTime":1299.715,"body":"To get started."},{"speaker":"Average Joe Finances","startTime":1299.715,"endTime":1302.74,"body":"It's one of the things that I was always"},{"speaker":"Average Joe Finances","startTime":1299.715,"endTime":1302.74,"body":"doing, during my last couple years in"},{"speaker":"Average Joe Finances","startTime":1302.74,"endTime":1306.463,"body":"the Navy was I had a couple side hustles"},{"speaker":"Average Joe Finances","startTime":1302.74,"endTime":1306.463,"body":"and I started investing in real estate."},{"speaker":"Average Joe Finances","startTime":1306.506,"endTime":1309.259,"body":"And now I retired, and now I'm"},{"speaker":"Average Joe Finances","startTime":1306.506,"endTime":1309.259,"body":"going full-time as a real estate"},{"speaker":"Average Joe Finances","startTime":1309.259,"endTime":1310.929,"body":"agent and full-time investor."},{"speaker":"Average Joe Finances","startTime":1310.986,"endTime":1312.846,"body":"Absolutely love what I'm doing right now."},{"speaker":"Average Joe Finances","startTime":1312.854,"endTime":1316.545,"body":"And it took time and it's not"},{"speaker":"Average Joe Finances","startTime":1312.854,"endTime":1316.545,"body":"a lot of time, but it took time"},{"speaker":"Average Joe Finances","startTime":1316.545,"endTime":1318.977,"body":"to get that, systems in place"},{"speaker":"Average Joe Finances","startTime":1316.545,"endTime":1318.977,"body":"and get everything put together."},{"speaker":"Average Joe Finances","startTime":1319.007,"endTime":1319.817,"body":"I think that's huge."},{"speaker":"Average Joe Finances","startTime":1320.327,"endTime":1320.537,"body":"Okay."},{"speaker":"Jorge Abreu","startTime":1320.537,"endTime":1323.07,"body":"The last thing you"},{"speaker":"Jorge Abreu","startTime":1320.537,"endTime":1323.07,"body":"want to be is a desperate investor."},{"speaker":"Average Joe Finances","startTime":1323.07,"endTime":1323.389,"body":"Yeah."},{"speaker":"Jorge Abreu","startTime":1323.499,"endTime":1324.469,"body":"When you end up buying"},{"speaker":"Average Joe Finances","startTime":1324.473,"endTime":1325.878,"body":"People sniff that out too."},{"speaker":"Jorge Abreu","startTime":1326.028,"endTime":1326.298,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1326.363,"endTime":1328.573,"body":"Potential partners"},{"speaker":"Average Joe Finances","startTime":1326.363,"endTime":1328.573,"body":"that you might have, they're gonna be"},{"speaker":"Average Joe Finances","startTime":1328.578,"endTime":1331.323,"body":"like, oh, I don't know if I wanna go"},{"speaker":"Average Joe Finances","startTime":1328.578,"endTime":1331.323,"body":"with this guy because you seem a little"},{"speaker":"Average Joe Finances","startTime":1331.328,"endTime":1335.163,"body":"too eager to get into something and"},{"speaker":"Average Joe Finances","startTime":1331.328,"endTime":1335.163,"body":"you might not make the best decisions."},{"speaker":"Jorge Abreu","startTime":1335.268,"endTime":1335.688,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":1335.74,"endTime":1337.629,"body":"And then the thing"},{"speaker":"Average Joe Finances","startTime":1335.74,"endTime":1337.629,"body":"is like when you're doing that you're"},{"speaker":"Average Joe Finances","startTime":1337.629,"endTime":1341.185,"body":"a stupider of other people's money at"},{"speaker":"Average Joe Finances","startTime":1337.629,"endTime":1341.185,"body":"that point when you're a GP on a deal."},{"speaker":"Average Joe Finances","startTime":1341.185,"endTime":1345.776,"body":"And the last thing I wanna do is invest"},{"speaker":"Average Joe Finances","startTime":1341.185,"endTime":1345.776,"body":"with somebody that is just trying to"},{"speaker":"Average Joe Finances","startTime":1345.776,"endTime":1349.706,"body":"find the first thing that sticks, the"},{"speaker":"Average Joe Finances","startTime":1345.776,"endTime":1349.706,"body":"first contract that somebody says yes to."},{"speaker":"Average Joe Finances","startTime":1349.809,"endTime":1352.869,"body":"cause a lot of times you'll miss stuff"},{"speaker":"Average Joe Finances","startTime":1349.809,"endTime":1352.869,"body":"in your due diligence phase and you"},{"speaker":"Average Joe Finances","startTime":1352.869,"endTime":1356.565,"body":"might change some numbers here to make it"},{"speaker":"Average Joe Finances","startTime":1352.869,"endTime":1356.565,"body":"look better, be like, oh, if we do this."},{"speaker":"Average Joe Finances","startTime":1356.628,"endTime":1360.15,"body":"If there's a lot of IF's in what"},{"speaker":"Average Joe Finances","startTime":1356.628,"endTime":1360.15,"body":"makes the numbers work, then you're"},{"speaker":"Average Joe Finances","startTime":1360.15,"endTime":1361.62,"body":"not putting yourself in a good spot."},{"speaker":"Average Joe Finances","startTime":1361.623,"endTime":1361.893,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1361.893,"endTime":1362.289,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1362.289,"endTime":1362.549,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1362.549,"endTime":1366.416,"body":"And the final question of the final"},{"speaker":"Average Joe Finances","startTime":1362.549,"endTime":1366.416,"body":"round is, do you have a favorite"},{"speaker":"Average Joe Finances","startTime":1366.476,"endTime":1371.536,"body":"business investing or real estate"},{"speaker":"Average Joe Finances","startTime":1366.476,"endTime":1371.536,"body":"related book or podcast or both?"},{"speaker":"Jorge Abreu","startTime":1371.632,"endTime":1372.322,"body":"Yeah."},{"speaker":"Jorge Abreu","startTime":1372.382,"endTime":1375.128,"body":"So specific to real estate investing,"},{"speaker":"Jorge Abreu","startTime":1372.382,"endTime":1375.128,"body":"I think you said business too."},{"speaker":"Jorge Abreu","startTime":1375.486,"endTime":1377.55,"body":"Traction is one my"},{"speaker":"Jorge Abreu","startTime":1375.486,"endTime":1377.55,"body":"favorite business folks."},{"speaker":"Jorge Abreu","startTime":1377.583,"endTime":1378.573,"body":"It's Gino Wickman."},{"speaker":"Jorge Abreu","startTime":1378.66,"endTime":1379.333,"body":"Yeah, great book."},{"speaker":"Average Joe Finances","startTime":1379.461,"endTime":1382.201,"body":"Yeah I'm actually"},{"speaker":"Average Joe Finances","startTime":1379.461,"endTime":1382.201,"body":"halfway through that right now, and"},{"speaker":"Average Joe Finances","startTime":1382.201,"endTime":1385.354,"body":"it's it's blown my mind and I'm like,"},{"speaker":"Average Joe Finances","startTime":1382.201,"endTime":1385.354,"body":"it made me realize there's certain"},{"speaker":"Average Joe Finances","startTime":1385.354,"endTime":1388.563,"body":"things I need to pull my hands out"},{"speaker":"Average Joe Finances","startTime":1385.354,"endTime":1388.563,"body":"of and I thought I was delegating"},{"speaker":"Average Joe Finances","startTime":1388.563,"endTime":1390.172,"body":"enough, but I feel like I'm not yeah."},{"speaker":"Average Joe Finances","startTime":1390.177,"endTime":1390.61,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1390.61,"endTime":1391.21,"body":"It's a great book."},{"speaker":"Average Joe Finances","startTime":1391.257,"endTime":1393.837,"body":"So far for me at least, but, all right."},{"speaker":"Average Joe Finances","startTime":1393.837,"endTime":1394.137,"body":"Cool."},{"speaker":"Average Joe Finances","startTime":1394.204,"endTime":1395.752,"body":"Any podcasts that you listen to?"},{"speaker":"Jorge Abreu","startTime":1395.752,"endTime":1399.498,"body":"I did starting out I haven't"},{"speaker":"Jorge Abreu","startTime":1395.752,"endTime":1399.498,"body":"recently, but I, I did this a lot to"},{"speaker":"Jorge Abreu","startTime":1399.528,"endTime":1402.152,"body":"Joe Fairless podcast in the beginning."},{"speaker":"Jorge Abreu","startTime":1402.17,"endTime":1403.52,"body":"There's so many out there now."},{"speaker":"Jorge Abreu","startTime":1403.552,"endTime":1407.099,"body":"I feel bad mentioning I'm gonna hurt"},{"speaker":"Jorge Abreu","startTime":1403.552,"endTime":1407.099,"body":"somebody's feelings, so I just need."},{"speaker":"Average Joe Finances","startTime":1407.249,"endTime":1408.08,"body":"No that's cool, man."},{"speaker":"Average Joe Finances","startTime":1408.08,"endTime":1408.53,"body":"That's cool."},{"speaker":"Average Joe Finances","startTime":1408.597,"endTime":1409.432,"body":"Yeah, no, that's great."},{"speaker":"Average Joe Finances","startTime":1409.432,"endTime":1412.593,"body":"We got a good book, for people that"},{"speaker":"Average Joe Finances","startTime":1409.432,"endTime":1412.593,"body":"haven't read traction yet or you've"},{"speaker":"Average Joe Finances","startTime":1412.598,"endTime":1415.516,"body":"been thinking about it, that's"},{"speaker":"Average Joe Finances","startTime":1412.598,"endTime":1415.516,"body":"definitely a good one to go check out."},{"speaker":"Average Joe Finances","startTime":1415.564,"endTime":1418.534,"body":"And again, I need to actually get"},{"speaker":"Average Joe Finances","startTime":1415.564,"endTime":1418.534,"body":"off my butt and finish reading it."},{"speaker":"Average Joe Finances","startTime":1419.474,"endTime":1420.854,"body":"I could probably finish it this week."},{"speaker":"Average Joe Finances","startTime":1420.974,"endTime":1423.314,"body":"So I think that's, I'm gonna"},{"speaker":"Average Joe Finances","startTime":1420.974,"endTime":1423.314,"body":"do, that's gonna be my nightly"},{"speaker":"Average Joe Finances","startTime":1423.314,"endTime":1424.364,"body":"reads for the rest of the week."},{"speaker":"Average Joe Finances","startTime":1424.379,"endTime":1424.727,"body":"Alright."},{"speaker":"Average Joe Finances","startTime":1424.742,"endTime":1427.652,"body":"Anyway, Jorge, this has been"},{"speaker":"Average Joe Finances","startTime":1424.742,"endTime":1427.652,"body":"absolutely awesome, but I do"},{"speaker":"Average Joe Finances","startTime":1427.657,"endTime":1429.332,"body":"have one more question for you."},{"speaker":"Average Joe Finances","startTime":1430.072,"endTime":1433.367,"body":"Because for those that have been listening"},{"speaker":"Average Joe Finances","startTime":1430.072,"endTime":1433.367,"body":"right now, they're thinking, okay this"},{"speaker":"Average Joe Finances","startTime":1433.367,"endTime":1437.84,"body":"conversation was great, really you know"},{"speaker":"Average Joe Finances","startTime":1433.367,"endTime":1437.84,"body":"how Jorge came up and made this work"},{"speaker":"Average Joe Finances","startTime":1437.845,"endTime":1442.646,"body":"and got into multi-family syndications"},{"speaker":"Average Joe Finances","startTime":1437.845,"endTime":1442.646,"body":"and I wanna know more about him."},{"speaker":"Average Joe Finances","startTime":1442.663,"endTime":1446.33,"body":"I wanna know more about elevates"},{"speaker":"Average Joe Finances","startTime":1442.663,"endTime":1446.33,"body":"cause I don't wanna wait."},{"speaker":"Average Joe Finances","startTime":1446.33,"endTime":1447.41,"body":"I want to elevate."},{"speaker":"Average Joe Finances","startTime":1447.502,"endTime":1450.602,"body":"Jorge, where can people find"},{"speaker":"Average Joe Finances","startTime":1447.502,"endTime":1450.602,"body":"more information about you?"},{"speaker":"Average Joe Finances","startTime":1450.602,"endTime":1454.042,"body":"Do you have a website, social media, or"},{"speaker":"Average Joe Finances","startTime":1450.602,"endTime":1454.042,"body":"anything like that you can share with us."},{"speaker":"Jorge Abreu","startTime":1454.152,"endTime":1455.523,"body":"Yeah, I'm"},{"speaker":"Jorge Abreu","startTime":1454.152,"endTime":1455.523,"body":"all over social media."},{"speaker":"Jorge Abreu","startTime":1455.703,"endTime":1460.87,"body":"It Jorge or Jorge, spelled"},{"speaker":"Jorge Abreu","startTime":1455.703,"endTime":1460.87,"body":"J, O, R, G, E, Multi-family."},{"speaker":"Jorge Abreu","startTime":1460.87,"endTime":1465.206,"body":"You can find me on Instagram, LinkedIn,"},{"speaker":"Jorge Abreu","startTime":1460.87,"endTime":1465.206,"body":"Facebook and just started TikTok too."},{"speaker":"Jorge Abreu","startTime":1465.213,"endTime":1466.6,"body":"But not a lot going on there yet."},{"speaker":"Jorge Abreu","startTime":1466.6,"endTime":1468.598,"body":"For me,  website is always updated."},{"speaker":"Jorge Abreu","startTime":1468.598,"endTime":1471.398,"body":"It's elevatecig.com."},{"speaker":"Jorge Abreu","startTime":1471.628,"endTime":1473.579,"body":"I've got a bunch of content on there."},{"speaker":"Jorge Abreu","startTime":1473.609,"endTime":1476.463,"body":"So that's elevatecig.com."},{"speaker":"Jorge Abreu","startTime":1476.506,"endTime":1482.366,"body":"And if they shoot me an email"},{"speaker":"Jorge Abreu","startTime":1476.506,"endTime":1482.366,"body":"at Jorge@elevatecig.com, I can"},{"speaker":"Jorge Abreu","startTime":1482.371,"endTime":1485.615,"body":"send over arsenal of like free"},{"speaker":"Jorge Abreu","startTime":1482.371,"endTime":1485.615,"body":"content if they mentioned that"},{"speaker":"Jorge Abreu","startTime":1485.615,"endTime":1486.535,"body":"they heard me on this podcast."},{"speaker":"Average Joe Finances","startTime":1486.727,"endTime":1487.147,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1487.177,"endTime":1487.597,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1487.597,"endTime":1487.777,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1487.777,"endTime":1491.197,"body":"So I will make sure I have all those"},{"speaker":"Average Joe Finances","startTime":1487.777,"endTime":1491.197,"body":"links in your email and the show"},{"speaker":"Average Joe Finances","startTime":1491.197,"endTime":1492.667,"body":"notes to make it easy for everybody."},{"speaker":"Average Joe Finances","startTime":1492.937,"endTime":1496.567,"body":"So for those of you that are listening,"},{"speaker":"Average Joe Finances","startTime":1492.937,"endTime":1496.567,"body":"you could just click and copy and paste."},{"speaker":"Average Joe Finances","startTime":1496.567,"endTime":1497.737,"body":"Just don't do it while you're driving."},{"speaker":"Average Joe Finances","startTime":1497.767,"endTime":1498.067,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1498.131,"endTime":1500.081,"body":"So Jorge, this has been"},{"speaker":"Average Joe Finances","startTime":1498.131,"endTime":1500.081,"body":"absolutely awesome."},{"speaker":"Average Joe Finances","startTime":1500.081,"endTime":1501.761,"body":"Thank you so much for joining me today."},{"speaker":"Jorge Abreu","startTime":1501.815,"endTime":1502.265,"body":"Thank you, Mike."},{"speaker":"Average Joe Finances","startTime":1502.685,"endTime":1503.285,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":1503.285,"endTime":1507.355,"body":"And to my listeners, thank you for joining"},{"speaker":"Average Joe Finances","startTime":1503.285,"endTime":1507.355,"body":"me and our special guest, Jorge Abreu"},{"speaker":"Average Joe Finances","startTime":1507.665,"endTime":1510.128,"body":"on the Average Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":1510.128,"endTime":1512.998,"body":"Go leave us a five star review"},{"speaker":"Average Joe Finances","startTime":1510.128,"endTime":1512.998,"body":"and tell us what you liked about"},{"speaker":"Average Joe Finances","startTime":1512.998,"endTime":1515.258,"body":"today's episode with Jorge."},{"speaker":"Average Joe Finances","startTime":1515.275,"endTime":1517.733,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":1515.275,"endTime":1517.733,"body":"a great rest of your day."}]}