Whos this Jerome Maldonado and is he the real deal?
Rental Property Investor · Member since 2019 · 66 posts · 24 votes
Whos this Jerome Maldonado and is he the real deal?
Most Popular Reply
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3yQuote from @Joshua Ocean:
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
And everybody listens to biggerpockets so we dont have to go to school bud. Anybody who says go back to college isnt an entrepreneur lol. Hello?
guess going back to school during covid to start a fund and now have $50M aum in my own company is not an entrepreneur.
7e investments53 Reviews
29 Replies
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
7e investments53 Reviews - Rental Property Investor · Member since 2019 · 66 posts · 24 votes3y
Would cost less money and time to do a mentorship than go back to college for 3 or 4 years n pay tuition.
- Rental Property Investor · Member since 2019 · 66 posts · 24 votes3y
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
And everybody listens to biggerpockets so we dont have to go to school bud. Anybody who says go back to college isnt an entrepreneur lol. Hello?
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
Quote from @Joshua Ocean:
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
And everybody listens to biggerpockets so we dont have to go to school bud. Anybody who says go back to college isnt an entrepreneur lol. Hello?
guess going back to school during covid to start a fund and now have $50M aum in my own company is not an entrepreneur.
7e investments53 Reviews - Rental Property Investor · Member since 2019 · 66 posts · 24 votes3y
Well u chose to do that. Most people are on BP to not go back to college. Didnt u get the memo?
- Member since 2023 · 1 post · 0 votes2y
I bought the tickets to your convention, I have question, but can not fine a way contact you..What is the real deal here?
- Attorney · Long Island, NY · Member since 2023 · 5 posts · 6 votes2y
I've seen Jerome Maldonado's stuff as well, as I'm digging into land entitlements and development and I started getting targeted with his course or group or whatever he has. No idea if it's any good, but he does appear at some of the bigger real estate events, so he's making money at something.
- Rental Property Investor · Member since 2019 · 66 posts · 24 votes2y
Quote from @Michelle Murtha:
I've seen Jerome Maldonado's stuff as well, as I'm digging into land entitlements and development and I started getting targeted with his course or group or whatever he has. No idea if it's any good, but he does appear at some of the bigger real estate events, so he's making money at something.
- Rental Property Investor · Member since 2019 · 66 posts · 24 votes2y
Quote from @Michelle Murtha:
I've seen Jerome Maldonado's stuff as well, as I'm digging into land entitlements and development and I started getting targeted with his course or group or whatever he has. No idea if it's any good, but he does appear at some of the bigger real estate events, so he's making money at something.
Ya i got him from tai lopez and he is at a lot of other peoples cpnventions as well like ed mylett and all the big guys. Maybe hes the real deal. You gonna get his program?
- Attorney · Long Island, NY · Member since 2023 · 5 posts · 6 votes2yI don't think so, nothing against him, there's just too many programs out there. I wish there was a Bigger Pockets section for people to review all these programs!
Quote from @Joshua Ocean:
- Rental Property Investor · Member since 2019 · 66 posts · 24 votes2yYa that would be nice. What kind of real estate are you wanting to do?
Quote from @Michelle Murtha:
I don't think so, nothing against him, there's just too many programs out there. I wish there was a Bigger Pockets section for people to review all these programs!Quote from @Joshua Ocean:
- 2yDon KonipolBusiness MemberInvestor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes“They” continue to miss the point completely.
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
And everybody listens to biggerpockets so we dont have to go to school bud. Anybody who says go back to college isnt an entrepreneur lol. Hello?
guess going back to school during covid to start a fund and now have $50M aum in my own company is not an entrepreneur.
You go to school to SHORTEN the time it takes to become sufficiently knowledgeable about a topic. True apprenticeships, while a great way for some, always take more time to reach the same knowledge level.
What people misunderstand is that these “quick and fast” mentorship programs AT BEST offer incomplete information and provide only a minor portion of the knowledge necessary for long term success. At worst they offer incorrect and damaging information costing the recepient loss of money and time, and in some cases leading to damages to the people the “mentored” are dealing with .
It is fashionable amongst those with limited formal edification to buy into the self servicing bs put forth by those selling the $20-40k programs that formal education is a waste of money and time, and actually may be harmful to your success.
BUT, the proof is in the numbers, as high paying blue collar jobs have disappeared in the last 40 years, the gap between the earnings of those with extensive education and those with limited education is HUGE and growing.
Further, we need to differentiate between the 4 year “liberal arts” degree and a focused college or grad school program specific to a career or business objective. Also, nobodies claiming that you NEED a college degree to be successful; many have taken college courses at a very low cost thru Coursera or EdX and and acquired the fundamental knowledge necessary to launch a successful business. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Don Konipol:
“They” continue to miss the point completely.Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Quote from @Chris Seveney:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
No idea who it is, but if you really want to learn construction and development I would say go back to college and learn construction management.
And everybody listens to biggerpockets so we dont have to go to school bud. Anybody who says go back to college isnt an entrepreneur lol. Hello?
guess going back to school during covid to start a fund and now have $50M aum in my own company is not an entrepreneur.
You go to school to SHORTEN the time it takes to become sufficiently knowledgeable about a topic. True apprenticeships, while a great way for some, always take more time to reach the same knowledge level.
What people misunderstand is that these “quick and fast” mentorship programs AT BEST offer incomplete information and provide only a minor portion of the knowledge necessary for long term success. At worst they offer incorrect and damaging information costing the recepient loss of money and time, and in some cases leading to damages to the people the “mentored” are dealing with .
It is fashionable amongst those with limited formal edification to buy into the self servicing bs put forth by those selling the $20-40k programs that formal education is a waste of money and time, and actually may be harmful to your success.
BUT, the proof is in the numbers, as high paying blue collar jobs have disappeared in the last 40 years, the gap between the earnings of those with extensive education and those with limited education is HUGE and growing.
Further, we need to differentiate between the 4 year “liberal arts” degree and a focused college or grad school program specific to a career or business objective. Also, nobodies claiming that you NEED a college degree to be successful; many have taken college courses at a very low cost thru Coursera or EdX and and acquired the fundamental knowledge necessary to launch a successful business.not exactly an answer to this question.. but for me I learned construction by lending on it and ending up owning the projects when the developer or builder failed. And since we were the money we had the biggest risk so I dug in and built myself out of them first project I got my money back barely but that education on the job has led me to built 6 subdivisions from start to finish in the last 10 years and about 30 infills in Charleston SC from 500k to 2.5 mil each and my current project in Oregon of 90 homes from 700k to 1 mil. I was forced into it.. but once I got it and knew who to hirer IE a cracker jack GC and I controlled ALL the money we have done well. But I could not have done it had I not had a 25 year run with my commercial Banker. So thats one way. and i would say the hard way :) And of course the market was super kind to us and continues to be at least in the Portland Metro area. Along with My wifes designing and doing all the marketing and finish's in the homes.. she has done an incredible job.. so you build a team.
AS for paying for a guru course to learn new construction I agree with Don it can only scratch the surface.. If the student has a lot of money and a very healthy balance sheet and banking contacts that is as importnant if not more so than knowing the difference between a header and a joist or in what order you build the house in :)
- Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes9mo
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
I Know i'm late to the party, he is the real deal. There's tons of videos on youtube that he has on how to buy land use entitlements to add value then gets it appraised for more than what he bought it for, which in turn provides the down payment for the hard money or whichever type of lending you want. Im so ready to make this happen.
- 2moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Carlos Villalta:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
I Know i'm late to the party, he is the real deal. There's tons of videos on youtube that he has on how to buy land use entitlements to add value then gets it appraised for more than what he bought it for, which in turn provides the down payment for the hard money or whichever type of lending you want. Im so ready to make this happen.
well we all know what happened to Tai Lopez he got indicted and took Marco Santerelli down with him.. - Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes2mo
Quote from @Jay Hinrichs:
Quote from @Carlos Villalta:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
I Know i'm late to the party, he is the real deal. There's tons of videos on youtube that he has on how to buy land use entitlements to add value then gets it appraised for more than what he bought it for, which in turn provides the down payment for the hard money or whichever type of lending you want. Im so ready to make this happen.
well we all know what happened to Tai Lopez he got indicted and took Marco Santerelli down with him..people love calling Jerome a “guru” because it’s easier than admitting they never did the homework. The dude literally puts hours of free content on YouTube, full breakdowns, deal structures, construction lessons, multifamily strategies, land development, everything. So if someone skips all that free knowledge and jumps straight into paying for the same stuff he already gave away…
that’s their mistake, not his.That’s like blaming the gym because you bought a membership and never showed up. - 2moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Carlos Villalta:
Quote from @Jay Hinrichs:
Quote from @Carlos Villalta:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
I Know i'm late to the party, he is the real deal. There's tons of videos on youtube that he has on how to buy land use entitlements to add value then gets it appraised for more than what he bought it for, which in turn provides the down payment for the hard money or whichever type of lending you want. Im so ready to make this happen.
well we all know what happened to Tai Lopez he got indicted and took Marco Santerelli down with him..people love calling Jerome a “guru” because it’s easier than admitting they never did the homework. The dude literally puts hours of free content on YouTube, full breakdowns, deal structures, construction lessons, multifamily strategies, land development, everything. So if someone skips all that free knowledge and jumps straight into paying for the same stuff he already gave away…
that’s their mistake, not his.That’s like blaming the gym because you bought a membership and never showed up.
as it relates to myself I have done the homework for 50 years and have personally developed and entitled numerous projects and over 1000 lots. so I understand the business.. Its far more difficult than watching some u tubes.. the theories of course generally are correct but theory and real world rarely is the same.. - Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes2mo
Quote from @Jay Hinrichs:
Quote from @Carlos Villalta:
Quote from @Jay Hinrichs:
Quote from @Carlos Villalta:
Quote from @Joshua Ocean:
Anybody know of this new construction guru?
I Know i'm late to the party, he is the real deal. There's tons of videos on youtube that he has on how to buy land use entitlements to add value then gets it appraised for more than what he bought it for, which in turn provides the down payment for the hard money or whichever type of lending you want. Im so ready to make this happen.
well we all know what happened to Tai Lopez he got indicted and took Marco Santerelli down with him..people love calling Jerome a “guru” because it’s easier than admitting they never did the homework. The dude literally puts hours of free content on YouTube, full breakdowns, deal structures, construction lessons, multifamily strategies, land development, everything. So if someone skips all that free knowledge and jumps straight into paying for the same stuff he already gave away…
that’s their mistake, not his.That’s like blaming the gym because you bought a membership and never showed up.
as it relates to myself I have done the homework for 50 years and have personally developed and entitled numerous projects and over 1000 lots. so I understand the business.. Its far more difficult than watching some u tubes.. the theories of course generally are correct but theory and real world rarely is the same..Got it, thanks for sharing. I respect experience, and I’m always learning from both real-world builders and people who teach online. I just take what’s useful and apply it.
- 9moStuart UdisPro MemberAttorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
@Carlos Villalta What you are seeing online is very topical. I hope you recognize before going down this path that entitlements are highly localized. No YouTube video or online course can prepare someone to entitle land across different markets.
Once you select a market, I strongly recommend engaging a local zoning attorney and a local civil engineer who regularly practice in that jurisdiction.
By way of example, I am based in Philadelphia and have encountered very different entitlement issues across projects: one involved an overlay that required negotiations with both the Planning Commission and the Historical Commission to make ADA-compliant façade changes; another required stormwater and Streets Department reviews before a zoning permit could be issued; and a separate $20 million development I am currently working on ran into a conflict between zoning approvals and the building code due to a design team oversight and is now undergoing a redesign.
Investors operating in other markets will face their own local land use, zoning, and code issues that are just as nuanced and location specific.
As far as the value that's created, there must be a very compelling story of value add for lenders to treat the imputed equity borrower's equity participation. Furthermore, ground up simply doesn't work in today's environment due to costs with limited exceptions.
- 9moJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Stuart Udis:
@Carlos Villalta What you are seeing online is very topical. I hope you recognize before going down this path that entitlements are highly localized. No YouTube video or online course can prepare someone to entitle land across different markets.
Once you select a market, I strongly recommend engaging a local zoning attorney and a local civil engineer who regularly practice in that jurisdiction.
By way of example, I am based in Philadelphia and have encountered very different entitlement issues across projects: one involved an overlay that required negotiations with both the Planning Commission and the Historical Commission to make ADA-compliant façade changes; another required stormwater and Streets Department reviews before a zoning permit could be issued; and a separate $20 million development I am currently working on ran into a conflict between zoning approvals and the building code due to a design team oversight and is now undergoing a redesign.
Investors operating in other markets will face their own local land use, zoning, and code issues that are just as nuanced and location specific.
As far as the value that's created, there must be a very compelling story of value add for lenders to treat the imputed equity borrower's equity participation. Furthermore, ground up simply doesn't work in today's environment due to costs with limited exceptions.
I have funded about 6 or 7 entitlement transactions the last half dozen years. Depending on jurisdiction entitlement cost will run low of 100k to 1 mil plus.. And you cant borrow this money unless you close on the dirt so you need the cash to do this or find someone like me that will basically JV with you.. But I only do this for very HIGHLY experienced qualified developers. No way would I do this with someone starting out.. So when your starting in my mind you need your own cash and if you have 100 to 1 mil liquid then for sure this can work if you know what your doing. - Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes9mo
Quote from @Stuart Udis:
@Carlos Villalta What you are seeing online is very topical. I hope you recognize before going down this path that entitlements are highly localized. No YouTube video or online course can prepare someone to entitle land across different markets.
Once you select a market, I strongly recommend engaging a local zoning attorney and a local civil engineer who regularly practice in that jurisdiction.
By way of example, I am based in Philadelphia and have encountered very different entitlement issues across projects: one involved an overlay that required negotiations with both the Planning Commission and the Historical Commission to make ADA-compliant façade changes; another required stormwater and Streets Department reviews before a zoning permit could be issued; and a separate $20 million development I am currently working on ran into a conflict between zoning approvals and the building code due to a design team oversight and is now undergoing a redesign.
Investors operating in other markets will face their own local land use, zoning, and code issues that are just as nuanced and location specific.
As far as the value that's created, there must be a very compelling story of value add for lenders to treat the imputed equity borrower's equity participation. Furthermore, ground up simply doesn't work in today's environment due to costs with limited exceptions.
Thank you for that information, since I will just be starting off Im mainly be focusing on single family residents. I live in southern California. Not to far from high desert area where lots are relatively big , about 1 acre average, Just by subdividing you're already adding value to it. No need to go deep into it with entitlements. Just keep it basic simple. I'm following a few properties on zillow that this guy jerome has built. He's not just yapping about what he knows. He's showing hard evidence. Ive learned so much from him and how professionally done blueprints is the ticket to lending. Along with the plethora of surveys and reports.
- Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes9mo
Quote from @Jay Hinrichs:
Quote from @Stuart Udis:
@Carlos Villalta What you are seeing online is very topical. I hope you recognize before going down this path that entitlements are highly localized. No YouTube video or online course can prepare someone to entitle land across different markets.
Once you select a market, I strongly recommend engaging a local zoning attorney and a local civil engineer who regularly practice in that jurisdiction.
By way of example, I am based in Philadelphia and have encountered very different entitlement issues across projects: one involved an overlay that required negotiations with both the Planning Commission and the Historical Commission to make ADA-compliant façade changes; another required stormwater and Streets Department reviews before a zoning permit could be issued; and a separate $20 million development I am currently working on ran into a conflict between zoning approvals and the building code due to a design team oversight and is now undergoing a redesign.
Investors operating in other markets will face their own local land use, zoning, and code issues that are just as nuanced and location specific.
As far as the value that's created, there must be a very compelling story of value add for lenders to treat the imputed equity borrower's equity participation. Furthermore, ground up simply doesn't work in today's environment due to costs with limited exceptions.
I have funded about 6 or 7 entitlement transactions the last half dozen years. Depending on jurisdiction entitlement cost will run low of 100k to 1 mil plus.. And you cant borrow this money unless you close on the dirt so you need the cash to do this or find someone like me that will basically JV with you.. But I only do this for very HIGHLY experienced qualified developers. No way would I do this with someone starting out.. So when your starting in my mind you need your own cash and if you have 100 to 1 mil liquid then for sure this can work if you know what your doing.Yes , I understand I have that against me that i'm just starting and afraid that lenders won't take me serious. But this is where i have to line all my ducks in order and make sure it makes sense financially, otherwise what's the point to it all. I have to be very conservative with my comps. I plan on borrowing $250k i have about $30k saved up. I also plan on doing owner finance with a 1 acre lot, Subdivided it and sell the other lot to help pay for the one that's going to be built on.
- 9moStuart UdisPro MemberAttorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
@Carlos Villalta Sometimes I question how these gurus stay in business, and then I am reminded that confusion is profitable. If you genuinely believe a set of blueprints is the key to borrowing, you have a lot to learn.
Start with the basics. Are the parcels you are evaluating by right for subdivision? Do they actually meet minimum lot size, frontage, and dimensional requirements? Where can a single family home legally be placed once setback, height, and coverage rules are applied? Have you evaluated soil conditions and whether they support the proposed construction without extraordinary cost?
What approvals are required just to obtain a zoning permit, let alone a building permit? And who is paying a premium simply because a subdivision was papered if the majority of entitlements remain incomplete?
I can assure you lenders don't care you have a professional looking set of blueprints. A blueprint has very little value if approvals are not in place. You can produce drawings at any time, but drawings do not create financeable collateral.
Lenders want to know one thing. Can the borrower put a shovel in the ground and start building. That means zoning compliance all permit pre-requisites completed and permits in hand.
- Wholesaler · San Bernardino, CA · Member since 2015 · 84 posts · 15 votes9moYour right, For what it’s worth, I’m in the middle of doing a detached ADU in my backyard right now. First time dealing with city permits and approvals definitely more hoops than I expected, but not totally different from building overall. Appraisal has to come in strong from the set of plans you created, if the math makes sense and there's enough meat on the bone for everyone then thats a good deal. Just excited to get started. Nonetheless Appreciate the perspective.
Quote from @Stuart Udis:
@Carlos Villalta Sometimes I question how these gurus stay in business, and then I am reminded that confusion is profitable. If you genuinely believe a set of blueprints is the key to borrowing, you have a lot to learn.
Start with the basics. Are the parcels you are evaluating by right for subdivision? Do they actually meet minimum lot size, frontage, and dimensional requirements? Where can a single family home legally be placed once setback, height, and coverage rules are applied? Have you evaluated soil conditions and whether they support the proposed construction without extraordinary cost?
What approvals are required just to obtain a zoning permit, let alone a building permit? And who is paying a premium simply because a subdivision was papered if the majority of entitlements remain incomplete?
I can assure you lenders don't care you have a professional looking set of blueprints. A blueprint has very little value if approvals are not in place. You can produce drawings at any time, but drawings do not create financeable collateral.
Lenders want to know one thing. Can the borrower put a shovel in the ground and start building. That means zoning compliance all permit pre-requisites completed and permits in hand.you’re right. I get the basics and didn’t mean to suggest plans alone get a deal funded. I was just oversimplifying and didn’t feel like typing out every step.
- Investor · Costa Mesa, CA · Member since 2016 · 1k+ posts · 1k+ votes2mo
Maldonado? I heard he is parking cars in Jersey now.
- Member since 2021 · 3 posts · 1 vote1mo
Quote from @Eric Gerakos:
Maldonado? I heard he is parking cars in Jersey now.
Did you join, and how is it going?
- Member since 2024 · 16 posts · 2 votes1mo
BEWARE OF THIS BUSINESS:I had an HORRIBLE experience with Jerome and his team.I attended a seminar in Northern Virginia in March and paid a significant amount for a private workshop. At the time of purchase, I was told the date was still TBD but would likely take place in June or July.By mid-July, I still had not received any information about the workshop, so I contacted Jerome’s team for an update. I was then told that the workshop had already taken place in June. I explained that I had never received any notification or details and requested a refund. A team member told me that the person responsible for refunds would contact me within a day.No one ever contacted me. Since then, I have followed up multiple times by text and phone and have received no response.What makes this especially frustrating is that before this issue arose, Jerome’s team contacted me frequently to upsell me on other expensive programs. Yet when I had a legitimate problem involving a workshop I had already paid for, I could not get anyone to return a call or text. I wasn't asking for anything unreasonable—I simply wanted someone to speak with me and resolve the situation.I paid a substantial amount for this workshop, and the way this has been handled is unacceptable. If the matter is not resolved, I intend to pursue the remedies available to me and share my experience so that other potential customers can make an informed decision before spending their money.
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