Education Followed by Action Made Simple with Abel Pacheco

All we can say is "Brave." A man starting a career in real estate investing amidst the greatest recession in the history of the market in 2008, Abel Pacheco bought his first single family property. He signed up for five real estate coaching programs, hired a professional coach and mentor. Traveled to different cities to attend conferences and seminars. And with all that education, it provided competence, which turned into confidence and evolved into taking action.

[00:01 – 13:33] Opening Segment

• We introduce and welcome the guest, Abel Pacheco.
• Abel gives a bit of background about himself and walks us through his real estate journey.
• Stockpiling cash to be deployed in the future
• A 2nd generation real estate investor (grew up watching his dad)
• Abel gives what he calls "a friend advice" and "a manager advice."

[13:34 – 23:39] Real Estate Education Followed By Action Made Simple

• Abel's bad investing advice for the week:
• If you don't know what you're doing, you don't have to mess with a smaller multifamily property to get experience.
• Educate, Educate, Educate. We talk about why there's no reason that you shouldn't be as educated as possible heading into real estate investing.

[23:40 – 32:23] From Single-Family to Multifamily

• What was ultimately the transition point for you to switch from single-family to multifamily properties?
• Abel talks about what attracted him to real estate.

[32:24 – 40:46] What's the Game Plan?

• Abel shares how he is vetting deals and operators at the beginning and how it changed over time
• Finding the right people and operators you can trust

[40:47 – 50:54] Closing Segment

• Abel's book recommendations:
• The Bible
• How to Win Friends and Influence People
• The 7 Habits of Highly Effective People
• How to Create Lifetime CashFlow Through Multifamily Properties
• Crushing It in Apartments and Commercial Real Estate
• Thinking Big by Brian Tracy
• Connect with Abel online! See the links below.

 

Tweetable Quotes:

"Save every dollar you get. Buy something smaller than you think you need and conserve. Because if you don't save it and invest it, man, no one's gonna do it for you." – Abel Pacheco

"You're gonna keep pushing forward. Life has to go on, and then you work through that." – Abel Pacheco

 

Connect with Abel on his website https://www.5tcre.com/ and book a Calendly meeting!

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