Join Daniel Nickles and Chris Thompson with their guest Jorge Abreu, the CEO of Elevate, as they talk about the approach to teaming up with the right people and the challenges in a due diligence process. In this episode, Jorge shares about his software-based due diligence process and the frame of questions you need to ask when doing due diligence. For Jorge, there is no going further with a deal if he can’t pass getting comfortable with whoever is leading the investment.
In this episode you will learn:
- The love for transforming properties.
- “Traction taught me how to structure my team and my two companies.”
- Having a team that you know and know you is key.
- The details in due diligence that passive investors shouldn’t miss.
- A syndicator’s zero experience with downturns – is it a major factor?
About Jorge Abreu:
Jorge Abreu is the co-founder and CEO of Elevate. He manages the properties before and after we close, communicates with the property managers, and ensures everything is on track with the business plan. Jorge was born and raised in Miami, Florida, has a Bachelor’s degree in Engineering. After college, he left corporate America and to begin a real estate career.
He teamed up with Eric Bodiwala and used his engineering background to complement Eric’s marketing background built what is Elevate today. Jorge uses his engineering knowledge to manage all of the construction projects. With more than 12 years of real estate and construction experience, Jorge is second to none when it comes to evaluating and renovating properties.
Jorge currently has $125M of assets under management totaling 1720 units.
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