Ep 534: Buying Value Add Multi Family In Texas

In this episode of The Hive With Us Podcast, host Daniel Martinez and co-host Kyle Thompson welcome special guest Paul Montelongo. They discuss Paul's extensive experience in real estate investing, focusing on his strategies, the impact of the pandemic on his business, and his approach to mindset and mentorship. The conversation also delves into Paul's personal journey and his dynamic partnership with his wife, Leticia.

Chapter 1: Introduction and Guest Overview (0:00 - 2:14)

Daniel and Kyle introduce Paul Montelongo, who provides a brief overview of his real estate investing background, including his focus on apartment complexes and multi-unit properties.

Chapter 2: Navigating the Pandemic (2:15 - 10:42)

Paul discusses the impact of the pandemic on his business, including challenges with lenders and the implementation of pandemic provisions in contracts. He also shares how his team managed government assistance programs for tenants during this time.

Chapter 3: Mindset and Mentorship (10:43 - 23:38)

The discussion shifts to mindset, with Paul sharing his journey into personal development, starting with a Tony Robbins seminar in 1994. He talks about the importance of continuous learning, the role of mindset in achieving success, and his experiences with coaching and mentoring others.

Chapter 4: Real Estate Strategies and Market Insights (23:39 - 40:19)

Paul explains his investment strategies, focusing on value-add propositions, managing expenses, and the importance of having multiple streams of income from properties. He also discusses the current state of the real estate market, the impact of insurance costs, and his approach to evaluating and acquiring properties.

Chapter 5: Personal and Professional Growth (40:20 - 1:08:51)

Paul shares insights into his personal life, including his relationship with Leticia and how they work together in business. He reflects on the importance of having a supportive partner, maintaining a growth mindset, and building a strong, like-minded network. The episode concludes with Paul providing information on where to find him online and the services he offers.

www.montelongocapital.com

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