🔥 On this Real Estate Hustlers Podcast episode, features lifelong investor, entrepreneur, and business owner Paul Montelongo. Paul built and ran eight multimillion-dollar enterprises in 40 years. These companies made $90 million and employed 1,000. Underperforming emerging market marinas, resorts, apartments, events facilities, self-storage, and residential assets are his investments. Paul acquired and sold 1083 apartments in 8 US states. These include marina, events, resort, and multi-family apartments. In addition to his personal interests, Paul assists Real Estate Investors and professionals balance their lives, maximize profits, and grow themselves internally. Paul has built luxury houses, renovated, managed casualties, flipped homes, sold, and coached. Paul taught hundreds of Real Estate and Construction Industry seminars in Canada, New Zealand, Italy, and Romania. Three books, hundreds of training videos and audio programs, and over 200 trade magazine articles on construction and real estate sales, marketing, and project management are his work. San Antonio parents and grandparents Paul and Letitia are busy. Current Investments: TX Short: San Antonio 200-unit apartment block Jackson, MS Portfolio—56 units San Antonio—3 SFR Wichita—70 Units Wichita—88 Units Corpus Christi—142 Teams Total assets under control are $49MM. The web and social media: Dispositions: Charlotte, NC Marina & Glamping Retreat—148 rooms Athens 44-family multiunit Las Vegas multifamily 192 units 76-unit The Lilburn, GA apartment complex The San Antonio, TX apartment complex has 64 units.

What actionable value will you provide to our listeners?

Change their viewpoint on real estate purchasing. Evaluate their team and deals better.

Where did you start?

Why are you in real estate?

What is your driving force to succeed?

What has been your biggest mistake in life and business?

How do you assess a deal?

What are your real skill sets?

Key Takeaways:

Paul Montalango started his real estate career at 17 by buying a piece of residential land, which he later flipped for a profit.

He views real estate as a business and emphasizes the importance of considering all the aspects of a property, including personnel, customers, marketing, and revenue streams.

Paul has diversified his investments by venturing into different types of properties, such as marinas, RV parks, and self-storage facilities.

He believes in continuous learning and seeks mentorship from experienced investors to expand his knowledge and skills in the industry.

Paul is currently focused on buying multifamily properties and sees opportunities in the market due to the economic uncertainty caused by the pandemic.

He is also planning to build a self-storage facility and explore other real estate investment opportunities, such as build-for-rent projects.

Paul and his wife are organizing a Mastermind summit for high-net-worth individuals in the real estate industry, where they aim to create a community and provide valuable education and networking opportunities.

Connect with Paul:

LinkedIn: @paulmontelongo

Facebook: @paulmontelongo

Instagram: @paulmontelongo

Connect with Josh:

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Forty Years and Seen It All with Paul Montelongo | Episode 47

Real Estate Hustlers with Josh Appelman