MB 242: The Systems to Scale Your Syndication Business – With Jorge Abreu

<p>What is the key to scaling a real estate investing business? Growing your investor database? Raising more and more capital for deals? Putting together and training a capable team? Yes, all of those things are absolutely necessary. And they all require that you build out systems. Systems that allow the business to run on its own.</p> <p>Jorge Abreu is the Cofounder and CEO of <a href= "https://www.elevatecig.com/" target="_blank" rel= "noopener">Elevate Commercial Investment Group</a>, a Dallas real estate firm focused on the acquisition of value-add multifamily assets. In his 15-year career, Jorge has flipped 200-plus houses, wholesaled another 100 properties and done $8M in ground-up construction. Since his introduction to multifamily four years ago, Jorge has built a portfolio of 1,700 units worth $125M.</p> <p>On this episode of Apartment Building Investing, Jorge joins cohost Garrett Lynch and I to share the challenges of scaling a single family investing business and discuss what inspired his transition to apartment buildings. He weighs in on the value of networking (online and in-person) to forge new partnerships and build a solid team. Listen in for insight on building systems to grow your business and learn why Jorge recommends skipping single family and getting right into multifamily investing!</p> <h3>Key Takeaways</h3> <p>What inspired Jorge’s interest in real estate</p> <ul> <li>Research of successful individuals</li> <li>Entrepreneurial role models in family</li> </ul> <p>The challenges of scaling a single family business</p> <ul> <li>Difficult to find reliable contractor for flips</li> <li>Creating systems to delegate work</li> </ul> <p>How Jorge started over in Dallas after 2008</p> <ul> <li>Network every day, go to every event</li> <li>Build team and find partnerships</li> </ul> <p>The value of finding a good partnership</p> <ul> <li>Division of roles affords time freedom</li> <li>One partner as visionary, one as executor</li> </ul> <p>The benefits of multifamily investing</p> <ul> <li>Build ge