Jerome Maldonado is someone who has fallen multiple times but has never let any hurdle block his path to success. Join us as we talk about how you can build your own empire through the right mindset, strategy, and drive. Find out more about our investing opportunities here 👉 www.vonfinch.com/invest 👈 Jerome Maldonado is a real estate investor and developer who runs a nine-figure real estate syndication in New Mexico. However, his journey to success was never easy. Having dealt with dyslexia for most of his young life, Jerome struggled alongside his peers and was considered the black sheep of the family. Despite this major challenge in his life, Jerome finished his degree and set out to earn six figures a year that allowed him many great luxuries in life. But then, his former employer suddenly got shut down for non-compliance, leaving him and a lot of other people without an income. Still, Jerome got back up and found his way into the world of construction, where he realized that there was much money to be made. And so, he started building his business with the goal of earning $1,000 a day, continued scaling his business into the massive operations that it is today, and then started investing in properties himself. For a lot of our listeners out there, extreme challenges in life are nothing new, be it losing your job or having an investment fail. Jerome is someone who can relate entirely, and he shares with us how you can overcome these challenges and change your mindset about them. Because in every scenario, there is something good that can come out of it. Moreover, Jerome also shares his best practices when it comes to the construction side of real estate, building processes and systems that work, and choosing the best people to partner with—people that have the skills that can help you do things very well, and are not just in it for the money. Whether you are struggling with your career right now or are looking to start in construction, don’t miss this episode.
Jerome Maldonado is someone who has fallen multiple times but has never let any hurdle block his path to success. Join us as we talk about how you can build your own empire through the right mindset, strategy, and drive. Find out more about our investing opportunities here 👉 www.vonfinch.com/invest 👈
Jerome Maldonado is a real estate investor and developer who runs a nine-figure real estate syndication in New Mexico. However, his journey to success was never easy. Having dealt with dyslexia for most of his young life, Jerome struggled alongside his peers and was considered the black sheep of the family. Despite this major challenge in his life, Jerome finished his degree and set out to earn six figures a year that allowed him many great luxuries in life. But then, his former employer suddenly got shut down for non-compliance, leaving him and a lot of other people without an income.
Still, Jerome got back up and found his way into the world of construction, where he realized that there was much money to be made. And so, he started building his business with the goal of earning $1,000 a day, continued scaling his business into the massive operations that it is today, and then started investing in properties himself.
For a lot of our listeners out there, extreme challenges in life are nothing new, be it losing your job or having an investment fail. Jerome is someone who can relate entirely, and he shares with us how you can overcome these challenges and change your mindset about them. Because in every scenario, there is something good that can come out of it.
Moreover, Jerome also shares his best practices when it comes to the construction side of real estate, building processes and systems that work, and choosing the best people to partner with—people that have the skills that can help you do things very well, and are not just in it for the money. Whether you are struggling with your career right now or are looking to start in construction, don’t miss this episode.
KEY TAKEAWAYS
1. In every single scenario, you can either look at the good or the bad.
2. When you are hit with an extreme challenge, find a way to see what good you can gain from it.
3. Create systems that have no room for loss.
4. No two projects are the same, and so every project requires a different business plan.
5. When partnering, find people who are driven by the game, not the money.
LINKS
https://www.linkedin.com/in/jerome-maldonado-1018b183
https://opencorporates.com/companies/us_nm/6077528
https://www.instagram.com/jeromemaldonado1/?hl=en
https://www.youtube.com/channel/UCGwTgAeKquvu5hvVO3n0Kxg
Steven: [00:00:01] Overcoming challenges when things shift and your business can really throw things off. And today's guest has been through that multiple times and we dive into how you can overcome that, how you can change your mindset around it and some examples of exactly how he's been able to make some big shifts in his business, in his construction business, his real estate business and diversifying his portfolio. We're going to get into that in more in just a second. So let's get right to it.
INTRO: [00:00:33] This is The Investor Mindset Podcasts and I'm Steven Pesavento. For as long as I can remember, I've been obsessed with understanding how we can think better, how we can be better and how we can do better. And each episode we explore lessons on motivation and mindset for the most successful real estate investors and entrepreneurs in the nation. Today's episode is sponsored by Vonfinch capital. If you're interested in investing alongside me in the same type of real estate opportunities that I personally invest in, then head over to Vonfinch capital and join their private investor network. You can do so at Vonfinch.com/invest. Join me on that next deal. I look forward to seeing you on the inside.
Steven: [00:01:22] Alright guys, welcome back to The Investor Mindset Podcast. I'm your host Steven Pesavento and today I'm very excited I have in the studio, Jerome Maldonado, who is incredible. If you're not familiar with Jerome, we're definitely going to get into it. How are you doing today, Jerome?
Jerome: [00:01:35] I'm doing well. Thank you, Steven, really appreciate you having me. Excited to talk to everybody today.
Steven: [00:01:41] Well, I'm excited to get into it, we're going to cover a lot of really good things. If you guys don't know Jerome is a very highly successful real estate, investor and entrepreneur. Over a 20 year career, he's been able to build up a nine figure Empire and construction investing and multiple other verticals. We're going to dive a lot into how he came up, we're going to talk about construction, we're going to talk about some big takeaways that you can improve your investing business just through some of the strategies that he's using on the construction side and how he's built his business. So if you're ready, Jerome, let's get into it.
Jerome: [00:02:14] Yeah, let's do it.
Steven: [00:02:15] Alright, so before we jump into the present, and talk about all these strategies that have really made a huge difference for you and your clients, I want to talk about looking back. What events or influences from your childhood shaped who you are today?
Jerome: [00:02:32] There's a lot of them. I think we all have so many events that shape us. My mom was a big integral part of my mom and dad, but my mom really was like that push fire. I was a dyslexic kid, struggled in school, growing up all the way through high school, even in college, I struggled and I had to work harder than everybody and I hated the kids. They ruin the curve because I'd study and study and I was dyslexic. I didn't know I was dyslexic until my senior year in college, I finally went and got tested and it all made sense, I should have done it before the age of 22. But I did at the end and I struggled through school and my mom was the push fire, that kid would just keep pushing me. And I was lucky enough to grow up around a lot of boy cousins and we grew up in an atmosphere that was very competitive, to say the least. And so I think that growing up in that competitive nature, really sculpted my push in life. Sports did, I wrestled my whole life, I also played baseball and football and some other stuff. But wrestling was really that push and the competitive nature I have my cousin's really kind of what pushed that drive for me that made life simpler in reality to what we did growing up. And so I think that was a big push for me as a young man.
Steven: [00:03:50] Yeah, it's huge. I mean, when you grow up and you're struggling with any kind of learning disability or you're slow with anything, I can totally relate, I was exactly the same way. Fortunately, I end up learning strategies to be able to overcome that. But it's so true that when you can get physical, when you can go and do something that you're really good at, you can end up getting that drive. And it's clear that wrestling -- I also was a wrestler when I was pre High School, back in the day, so I can definitely relate there. But if we kind of look forward to the businesses that you've built, I want to kind of talk obviously, today, you're at a point where you're syndicating, you're doing construction, you're building and partnering with syndicators and doing some really amazing things with some of your clients. But talk to me about how you got here. I know you've really built up this experience over a long career, and I want to dive into that.
Jerome: [00:04:39] Sure. So business wasn't easy in the beginning, seeing I mean, I was like any wishful kid, I was in college. Business got introduced to me through the means of network marketing. I struggled, I was horrible at it. I mean, hands down, I was not good at it. It took me about three years of personal growth really is what it was my mindset on a lot of stuff and it’s just the way we're raised. Almost all of us, almost everybody watching this is raised the same way just through our educational system, our parents are stubborn and push us just to get a good education, will get a job and I was the black sheep. I was bought hook line and sinker when I saw network marketing and the opportunities to be self-employed. But I struggled with it and so much so that I didn't want to fail because I felt like because I opened, I ran my mouth as a young adult and I just didn't want to be. I hated being wrong, I got anything that I was doing. And so I just kept pushing at it and three years into my network marketing career, I finally figured it out and I started doing well. In my young 20s back in the mid-90s, I was making a couple $100,000 a year, very successful at that time and I felt it, but I did things wrong, like most kids do. I spent on dumb things, buy a lot of nice cars and fancy houses on the lake and this that, the other traveling everywhere and then things came to a halt. The FTC made some changes in 1997 and it hindered our business. And so I was kind of in limbo, trying to figure things out, went back to college to try to fall back on something and in an interim time, my brother in law introduced me to construction because his boss went out of business and I went and got my license, not knowing I'd be in construction right now, in this day and age. But what ended up happening was, he didn't show off he's license, I did. I learned, I knew how to market through the means of network marketing and I started just bidding jobs. I had this attitude that I really had nothing to lose in life, I felt like I'd already lost a lot, almost everything outside of my health and I really just had -- I was on a forward path of going okay, Jerome, you got to figure stuff out and you got everything in the world, the game. And I went at it with that attitude and I just put my head down and I went to work. And my goal at that time, Steven, was nothing more than I got to make $1,000 a day because that's what I was netting in network marketing. I was -- if I worked five day a week and I made 1000 bids, that's $20,000 a month and that's kind of where my mindset was. And so when I got into construction, I didn't realize there was that much money in it. And I started bidding jobs and I was landing projects that I was under bidding people on and still making a really affluent income. And I sat back and said, look, if I can scale this and I can put crews together and every crew I can make $1,000 a day and it was that stupid simple. It was as how do I get -- how do I monetize this to make $1,000 a day per crew? And I had one crew at the time. And so I started getting projects like that, that was my business model. I would figure out all my materials, all my labor, all my expenses and I'd add $1,000 to it every day that we were on that project and that's how I bid projects. And it worked. And so when I started figuring out the business, I started to scale it in only a year into it. I was very -- I was always very ambitious, I always wanted more in life more so because I think I was -- I think I had a chip on my shoulder in fact, I don't think I know I had a chip on my shoulder. I felt like I had something to prove to everybody because I had struggled so much in my younger years that I felt like I had something to prove to myself that I had the ability to attain stuff that other people that I saw that I thought were better than me or more fluid than me that they achieved and I felt like okay, why can't I do that. And so I felt like I had this chip on my shoulder. And I did it so much so that I just wanted to prove to myself more than anybody, but then also everybody else that I was able to do at one but two, that Jerome was worthy of everything that everybody else that was doing well in life was also worthy of. So I kind of went after it in that direction and I drove myself and I was consistent and I worked hard. And within a couple years into building in working in the construction trade, I started investing. I didn’t want to lose the money ever again that I had made and the business that I had built, if anything happened. I wanted to be in a position where I own something. And the only thing that I knew of at that time that I could buy that seemed to fit that mold was a piece of real estate, a house, a single family home, and a rental home. I figured if I can buy a house, and I could rent it, I had an asset. With that asset I felt like I had protection in my long term life as far as retirement and so forth. So it wasn't really that I was going after it as a hey, I'm going to be a real estate person. I use real estate more as a means to protect my assets and my long term holdings financially more than anything.
Steven: [00:09:34] It's such a big thing to have that view of it, that assets were a tool for you to be able to keep making money, to protect what you had just created in that construction business. But I want to kind of like take two steps back to earlier when you had this big challenge with the FTC. You've built this business, you're going along, you're marketing, you've built something that's legitimate, you've got people, independent contractors essentially working for you on your behalf and then all of a sudden, a shift happens. A regulatory shift, it's something that can happen in every single business, people who operate an Airbnb in different markets have gone through this. People who are syndicating are going to be going through this, this is happening all the time. And so when that happened, what was going through your mind, when all of a sudden you found out that the means to making the income that you'd created, disappeared?
Jerome: [00:10:28] We were kind of semi aware that we were out of compliance because the FTC had come to the company. And so there was a founder of the company, I was a subcontractor I was a 1099 independent contractor for a direct sales company. And we as -- I was in the top 30, money owners of the company, so we the upper money owners of the company, sat down with the founder and we said, look can we form a board of directors, we need to make changes, and he was stubborn, there was a lot of ego involved and it was outside of our control. And so those changes were never made, we were suspended from the company by the founder because we were trying to make these changes. And lo and behold, the FTC came in, and we went from making solid, solid strong six figures to zero overnight. And its temperature taking when those regulatory things are made, it's important for companies to pay attention to them. I've had -- I have -- I've had friends that have lost their companies to the CFPB, back in 2009, 10, when things were implemented after the financial crisis. And when it happens, it happens like the rug is just pulled right out from underneath your feet and it's a mentally challenging place to be for anybody, as an entrepreneur, as an employee, for anybody. And so yeah, we felt lost and confused at that point in time. It happened quick, fast and dirty and so we had to figure things out, we had to figure things out quick.
Steven: [00:11:59] Yeah, and you got to shift, you've got to pivot, you gotta make that motion happen. And obviously, you could see the writing on the wall, and many people do, but these kinds of regulatory shifts happen in every single industry. And so when people are coming up in the real estate game, you hear a lot about fear of doing something the wrong way, or making a mistake along the way, should people have that kind of fear? How can they overcome when they hear a story like yours that the spigot just turned off? How can they overcome that and not let that hold them back from taking action and doing what you've done?
Jerome: [00:12:31] Well, I come from a philosophy that God never gave us a problem, he also didn't give us the ability to overcome. And I'll tell you, there's always a solution. I got a really bad car accident as a kid in my senior year in high school and I remember, I, three of my best friends, my cousin and two of my best friends, and no one lost their lives, but they were injured very badly at the time. And my mom sat back with me and she goes Jerome, she was you could sit here and you can sulk if you want, you can take all the negativity that the kids were beating me up at school, because I fell asleep behind the wheel, wrecked the car. We were all very talented athletes and I ruined the career of a couple of them because of the car accident so I held that on my shoulders. And my mom said, you know, you can soak in your wounds if you want but she was God gives you two options in life, you can either look at the good, or you can look at the bad but whatever you decide it's entirely up to you. You can pick the good and find the good, there's good out of every single scenario that happens and everything in life happens for a reason or you can focus and dwell on the bad, it's up to you. But whatever you choose that's your choice. And so basically, my mom telling me Jerome get off your ass and go back and figure things out there's good that’s going to come out of this and there was. Everybody's healthy, everybody's successful, everybody's done well and we had to make changes in our life. But I went -- I go through life with that same philosophy and everything that happened. So when that happened as bad as it seemed at the time, I knew that there was something that there was a reason that it happened. And there was a reason that that change happened, whether it was me going back home and meeting my wife and having my kids and stuff. That was probably a big reason for it because I wouldn't have the kids that I have today and would have the wife that I have today if that company went to shut down because I would have never moved back home to go back and finish up my college education, I would have never met my wife. So maybe that was the reason. I mean, that's a big part of my life. So that was a very -- it's a very important part of my life. So as much as you sit back and you can focus on the bad, there's good in everything. And there's a reason God -- God shifts you in that direction for a reason. Whatever that reason is, sometimes we don't know, you can't see it, but it's there and there's something there. There's good out of everything.
Steven: [00:14:40] I agree 100%. It seems like some of the hardest experiences of my life, some of the most difficult things that sometimes you look back and you wish would have never happened. I've at least come to the place of appreciating and being grateful because had those opportunities not presented themselves in my life, I would have never been able to become the person that I am and it sounds like you have the exact same mindset about those challenges, which is -- it's so huge. And I hope the listeners will take a moment to reflect within their life, even if they're going through a challenge to remember that on the other side, you're going to be a much stronger person. So it's time to step up and step through.
Jerome: [00:15:16] Always. There's always a reason and you got to find the good and you just keep driving forward.
Steven: [00:15:21] So fast forward, you have built a career, you are working in the investing space, you've built this construction firm, you're making millions of dollars working with big clients, talk to us about what you're focused on today and really, what that looks like on the investing side.
Jerome: [00:15:40] So we all -- we've always had our hands in a lot of different stuff over the years. I've been -- I've probably been over ambitious in so many ways. When I tell my story, it doesn't even seem real sometimes because we always have so many -- our hands in so many pots at the same time. And so when you tell a story, most people go after one career, right Steven. it's like, I'm an accountant or I'm an attorney and that's what they do. So when you tell a story as a business person or an entrepreneur, and you tell it in terms of a time chronological timeline, you get to understand that there's a lot going on in multiple -- multiple things going on, all at the same time. And so I was wearing a lot of different hats, building my career where I was running my construction company, we were developing, I owned restaurants, it's the same times we had developments going on, we had clients that we were doing for, residential clients, commercial clients and so we had -- we've always had a lot going on. My wife, I opened up a dance school for her. When the recession hit, we opened up beauty salons, bought a bunch of subway stores to afford our real estate. And so today, all of that has kind of filtered into what we are doing now. And so I got to a point in my life where I sat back a few years ago, we were supposed to be in a semi-retired home, my son was born in 2008. And I said, Okay, I told my wife, I was in my mid-30s, I said, Look, we got kids, let's pull our foot off the pedal a little bit, things are self- sufficient and let's enjoy raising our kids. And I'll work part time. And God had a different plan for us. The recession hit, my son was born in January, by November things went a little south for us and we didn't lose anything, thank God. We pivoted, we adjusted and I put my head down and went back to work and had to get back to the grindstone. I haven't really picked up my head since then, Steven. I always remember what comes first and that's my faith and my family. But work is really important. It's right up there in number -- in spot number three, solid and strong for sure. And I sit back and I look at what we pivoted from 2010 to now. And what we were focusing a lot on retail and construction, I wanted out of the construction industry since the day I got in because it's a high stress industry and it's a lot of work. But it's been a lot of cash flow and it's been a huge, huge asset to everything that we built. Without the stress of the construction company, I could not have built what I've built to this day without it. So I think there's a lot of people, a lot of listeners that are always trying to get out of their job, I know that for me, I run into a lot of people that aspire to be entrepreneurs or aspire to have a full time business to be able to get out of their nine to five. And I used to look at it differently when I was younger. And I look at it now and I say you know, there's a sacrifice when you don't come from money, which the mass majority of people don't, there's a sacrifice that you got to pay. And my sacrifice has been, I've had to put in the time to my companies. And yes, I've been very blessed and fortunate to have companies that do millions of dollars a year in business and we're able to take that home and put that in our bank accounts each year and invest into growing and we've been able to do that. But for a lot of people, they don't think in that fashion they're trying to always find an exit out of it and I was too. I'm guilty as charged but that's been a huge asset for us. And even to this day, it's allowed us to set up all our partnerships and what we're doing. Now at this point in our career, we are starting to work on exiting out of that, but it's been a 25 plus year, over 25 years of hard grindstone work to get there, right. And what we did is we took in deployment money into different asset classes of real estate and we have development and partners now. I never did partnerships back in the day, three or four years ago, I sat back and told my wife, look, we're going to work forever unless we partner with the right people and we trust people. I can't be the sole owner of everything anymore, or we're going to always be married to this business. So Steven, one of the big pivots that we made four years ago was the commitment to partner with good people. And so one of my partners is Tai Lopez and Dr. Alex Mir. I am a minority owner of Pier One imports, Radio Shack, we bought them out of bankruptcy, model sporting goods, linen and things, the franklin mint, all of dress barn, all of those. And we partnered with a company called retail ecommerce ventures and I actually run a company called ESRI e-commerce supporting real estate. And so I run all of the real estate end of that and that's just one of many businesses that I run and facilitate still. But it's a partnership with Tai Lopez and we have holdings in Puerto Rico, where we're building big, massive luxury estates out there. Right now it's a little niche market that we're hitting and we own a lot of real estate in the industrial warehouse space. The means behind that is to support the growth of e commerce, the need for that warehouse space for distribution so we're doing that. And then I have my own companies and developments. I partner with a gentleman named Kyle Mitchell. He's a syndicator. Does multifamily syndication, I own multifamily apartment complexes that I didn't syndicate I just -- I own them, I bought them and their in our holding portfolios. But I sat back and said, Okay, I need, I need to partner with somebody that I trust that's good. And Kyle was somebody that fit that mold. We built a relationship over the course of a few years. I watched what he did, I respected it. And so now we're partnered and being able to go out and buy distressed hotel brands, and rezone them, reposition them and turn them into multifamily. And so we're syndicating on those ones as well. And then we have developments going on in other states like Washington State, I got another business partner named Ray mess. And Ray mess was a successful builder, doing one single home a year, when we scaled it, we're doing a 24 unit development in a really dense community. We are building out dense developments. And then we have all our other stuff that we still do here in New Mexico and in Arizona. So in a nutshell, that's everything that we have going on and that's what we've scaled to this day. And so pretty exciting stuff.
Steven: [00:21:55] It's such a good reminder about building a real diversified portfolio because over the years, you've obviously had all this experience, you've been in construction, you've been in sales, you've been in marketing, you've gone down this path of being able to build this set of skills. And now you're coming forward and recognizing the power of partnership. I've always been a big believer of partnering with experts, going out and finding people who are the best at what they do, and letting them do that part of the partnership. I've got a set of skills, you've got a set of skills, and he and she has a set of skills. So I think that is such a beautiful development in your mindset about how you can actually go and do much more effectively by being able to bring in partners for every single piece of that process. So I think that is a huge takeaway. I hope listeners will recognize that you don't need to go and do everything. And that sometimes when you're in your career, that's exactly where you need to be. I talked to folks on a regular basis who are looking to get out of their careers, so they get into real estate, or they're trying to figure out like some other path that they want to go down. But many of them are really good at what they do and they're high income earners. And oftentimes I say, well, how you can actually find a way to fall even more in love with what it is that you do every day. So you can take those checks, you can invest in real estate, and you can really start building multiple streams of income, which is something you've clearly been able to do. So obviously, we're able to dive in deep on a lot of things here today. But before we go, I really want to get some of these best practices when it comes to the construction side of the business. You're somebody who's been able to build a business, operating at a high level, with high level clients, and the processes and systems are the key to success when it comes to construction. And so talk to us a little bit about how up and coming or emerging syndicators or others who have been in the business for a long time, what are some of those strategies or tactics that can end up really making a big difference in their business?
Jerome: [00:23:54] For syndicators, and this is important, really, really important. And this is where my partnership comes in strong with a lot of my partners. And when you're doing partners, ladies and gentlemen, understand that it's really important to not partner with starving people, even if you're starving in the beginning. My partners are people that are driven by the game, not by the money, and most of them have done well. So I'm sitting in a little bit of a different position. Partnerships can be very challenging, but I'll tell you guys, that where my partnership comes in strong is through the processes that we use for the development and redevelopment of real estate. Because of our construction company, I learned processes because of the way we did things early years because I was broke in early years. I needed to systemize how I did things very well to be able to maximize my profits. I didn't have room for loss. I wasn't going to put up with having lost labor, lost materials, lost time. Every day was important to me because I wanted to maximize my income. So I put systems together that supported that as I built my construction company. And it's the way we manage things with diligence and the way we manage things that truly makes our construction company so successful, but it's also what makes our real estate so successful. And so when I partner with people, I always tell them, Look, I want to facilitate the project management on the deals, like when we're renovating a value add property, when anytime there's been like fix and flips, or when we're going in, and we're going to just stabilize an asset and hold it, I want to shave off as much time off of that as humanly possible. Because any month that goes by, that's an extra mortgage payment or an extra payment to my investors. And so that takes profits, and my wife and I call it trashcan money. Because anytime that we're in excess of our budgeted timeframe, we're throwing money in the trash can, and so are you guys. And so understanding that having a project management system set in place is one of the most single integral pieces of becoming successful to the highest levels you can in any syndication, any real estate deal. And so really being able to sit down, have a business plan set in place because every project is a business plan, Steven, every single one. You have to have a different business plan, because every project is slightly different. You have to put out a business plan together, where you say, Okay, this is my goal, this is what we're going to do, this is what I needed my end result, and I reverse engineer everything number wise, to fit that goal. Before I even get started, I know what my end goal is supposed to be and my end number profit wise, before I get started because I have reverse engineered those numbers and I have a business plan. Then I convey that business plan to my -- to everybody that's involved in that project from the realtors, the architects, the engineers, the subcontractors, the general contractors, everybody and the way we do that is to pre development meeting where we make a mandatory if they don't show up, they're not they're not involved in our projects. They have to show up. And then we do weekly meetings, we have accountability stuff, we use software to manage stuff, we have boots on the ground, we make sure that we have eyeballs on the ground, a lot of people, they put it in the hands of the contractor and they disappear. And then they come back and they're highly disappointed, frustrated or they just pick up the pieces and figure it out I guess, I don't know how they do it. I don't want to ever subject myself to that. But it's the business plan, the project management and the diligence that make our project so successful, and the reverse engineering of the numbers so that we know where we're supposed to be when we end and where we need to start. And that way, if we skew up or down in any part of that project, we can fix it before it gets out of control. Because ultimately, we know where we need to be. And so it's that progress of getting from point A to point z that really makes our company so successful. And that's what I think people need to do more of is the reverse engineering of their project so they know exactly where they're going, and have a business plan set up in place and convey that and communicate that and manage that business plan, from the start of the project to the end of the project. And their profitability will go up substantially.
Steven: [00:28:03] Yeah, it's huge. So what I'm really hearing here is that a lot of syndicators that I see. They don't really understand construction, they think that by hiring a third party construction firm, and handing them over and letting them create the plan, that that's going to end up getting them to where they need to be. But it sounds like what you're saying and what some of the best syndicators and operators out there do is they actually put that plan together, and they're going to manage that plan for the contractors executing on their behalf.
Jerome: [00:28:31] Absolutely. I'm a driving force to that I'm a little bit of a workhorse in that regards where I am -- I'm a systems guy, I never thought I would be Steven. I am not an analytical person by nature at all. I become analytical because of nature, the nature of the beast and what I do. It's made what I've done, great. I'm more of an aggressive force driver, I'm more of a workhorse. But I've become very, very analytical over the years and so it's been great because it's been a great piece for our business. And I'll tell you that we put together an educational platform teaching project management because of the lack of it. And it's even one of those things where it's benefiting even some of my partnerships, and it's benefiting a lot of other people were we're getting up to levels where they can come in and actually invest with us because we're implementing some of the skills that we've been teaching from the construction trade into the real estate trade, and they're marrying the two and it's creating a better more professional industry all across the board. Because the more people that we can get doing that, it's going to create a status quo and we can create a status quo where professionalism rises in the industry, which means everybody makes more money, which is a win-win situation, which in my book is badass. I think it's just great.
Steven: [00:29:43] I absolutely agree. I couldn't agree more. This has been so fun. I definitely look forward to having to do a round two because I feel like we could probably go for another couple hours here. I know we've just scratched the surface so we'll definitely have you back. But in the meantime, where can people find out more about you or get in touch?
Jerome: [00:29:58] Steven, I'm easy to find. My name is in the bottom of the zoom link here. It's Jerome Maldonado. I'm all over Instagram, Facebook, LinkedIn, and YouTube, follow us on YouTube. If you like content like this, follow us and pound the subscribe button. And on Instagram it's Jerome Maldonado and the number one. If you get my name, you can go to our website, it's just jeromemaldonado.com. For more information about our platforms, our learning and educational stuff, and all the projects that we have going on, they're always changing. There's always new stuff on the horizons and we're always looking for good people to work with.
Steven: [00:30:33] I love that. We'll definitely include all that information in the show notes. It was such a pleasure having you on I really look forward to round two, three, and four and many more. And until next time, thanks for coming on.
Jerome: [00:30:44] Steven, thank you really appreciate you and really appreciate your profile and putting this together. Thank you so much for your time. Thank you to all your listeners out there as well.
OUTRO: [00:30:55] Thank you for listening to The Investor Mindset Podcast. If you like what you heard, make sure to rate, reviews, subscribe and share with a friend. Head over to theinvestormindset.com to join the insider club, where we share tools and strategies from the top investors and entrepreneurs and how to take it to the next level.