Welcome back to another episode of Weiss Advice! With me today the one and only Abel Pacheco. He's the president, CEO and Founder of 5T Commercial Real Estate. He is the host of the 5 Talents podcast. He's been investing in Real Estate for over a decade, and has gotten into Multifamily Syndications over the past several years. Besides, he’s been helping hundreds of people invest passively in commercial real estate.
Let’s dive in to know more about his work and story!
[00:01 – 07:07] Abel – CEO of 5t Commercial Real Estate
- Abel shares a little bit of his background:
- Multifamily syndication space.
- Create Passive income.
- Single family house investing .
- PFS (Personal Financial Statement)
- The cash flow – Passive investing.
[07:08 – 23:59] The Value in Multifamily and Commercial Real Estate Investing
- Abel talks about the motivation to start his podcast.
- 5 Talents Podcast.
- Pandemic: set up a network..
- Social media: successful people in sales, tech, commercial real estate field.
- In-person meetings.
- 100 % focus on multifamily education.
- No fees, no charges.
- Find new patterns, new investors: outcome is networking.
- Virtual webinars during lockdown.
- Connections all over the country.
- The return to in person meetings after vaccination.
- Start the meetups back -Once a month.
- Networking, creating the environment, visitors from other states and countries.
- Transition from doing all the education to take action.
- Mindset changes: keeping going, buying houses, etc.
- ABCs of Real Estate Investing – Ken McElRoy
- Make tactical plans.
- Separate yourself from your actions.
- Abel provides examples of how to change your mindset in other areas of your life.
- Discipline.
- A plan of action.
- Believe in yourself.
[24:00 – 32:47] The Final Four
- What's a book you've read that has given you a paradigm shift?
- The Seven habits of highly effective people
- The Bible.
- What is a skill or talent that you would like to learn?
- Learn Spanish.
- What does success mean to you?
- “Provide for me and my family.”
- Connect with Abel.
- Links below.
Tweetable Quotes:
“You have to have a map planned of where you wanna go, but more importantly you have to allow yourself to believe that those things can happen, you can make that happen, and if it doesn’t happen today, you can go after again tomorrow .” – Abel Pacheco
“ But if I had no money for $0 You can still enjoy and spend time with loved ones. And that's going to make you more fulfilled, I think, than any dollar amount.” – Abel Pacheco
Resources Mentioned:
