From Venezuela to Miami, Learning Real Estate From the University of Life with Reinaldo Padron – Ep. 46

About the Guest

I am extremely excited to share this next conversation with all of you. Reinaldo Padron is a Civil Engineer, Real Estate Analyst, MSRE, and Blockchain Advocate to name just a few hats that he wears. Reinaldo has an amazing story that I can’t wait to share with you all. He was born in Venezuela in 1985. In July 2008 he graduated from his University as a Civil Engineer. Always choosing classes that were toughest to truly test himself. Soon after he graduated from the traditional University, his real test came in the form of government turmoil.

In 2008, Hugo Chávez nationalized Venezuela’s telecommunications, electricity, steel, and cement companies. This was only the beginning of the troubles that faced the citizens and Reinaldo’s father’s development business. Reinaldo was thrust into leading his father’s troubled real estate development business through extremely tough times in an area where corruption and violence was prevalent. He eventually moved to the United States in search of new opportunities to learn and grow in his real estate development skills. He ultimately ended up in Miami where he is now and has been partnering up on some really interesting projects in the areas surrounding the City. With an eye on the future, Reinaldo is hoping to integrate blockchain technologies and NFT’s in his real estate ventures going forward. Reinaldo’s story is one of passion, grit, and perseverance and I can’t wait to share it with you.

In this episode, we are going to discuss Reinaldo’s experiences in Venezuela, how he was able to persevere through extremely tough situations, and how he was able to keep the dream alive in his many ventures going forward. There is loads of great information in this episode and I greatly appreciated Reinaldo for taking the time out of his extremely busy schedule to discuss this topic of real estate development with me.

As always, if you have enjoyed the show, please subscribe to the show and share it with your friends in the industry. There will be more exciting conversations on the shows to come.

Main Take-Away’s From This Show

This was another interesting episode to record. I thoroughly enjoyed Reinaldo candidly sharing his story and the various revelations he came across on his journey. Reinaldo shared his personal experiences growing up in Venezuela and the various hardships he encountered along the way. At the age of 24, he was thrust into the leadership position of his father’s real estate development company that was $24M in debt and working on five residential developments at the time. Reinaldo learned quite a bit from this experience, mainly that if he could handle that, he could tackle just about any challenge that came his way. There were so many great talking points that Reinaldo throughout the discussion, so it is hard to just pick three for my main take-away’s this week. The following main topics of the show come from an understanding of real estate development that Reinaldo possesses.

Nothing replaces perseverance and hard work when seeking success.
It never hurts to ask. Even if you don’t think it’s possible that you will receive something.
Always leverage the tools you have to achieve the outcome you want to obtain.

As always, I will dig into each of these “take-away’s” every week on the blog. So, without further a due, here we go!

Nothing replaces perseverance and hard work when seeking success.

“Grit is that ‘extra something’ that separates the most successful people from the rest. It’s the passion, perseverance, and stamina that we must channel in order to stick with our dreams until they become a reality.” – Travis Bradberry

I challenge you to listen to Reinaldo’s story and not be motivated to knock down your own walls that stand between you and your goals. Reinaldo was ill prepared to take on the leadership position of his father’s company at the age of 24. He learned very quickly out of necessity, however. In a place where the government had literally seized whole industries, he had to find his way through the turmoil to save the business. Even going to great lengths by selling his own car to make just enough money to pay for necessary permits!

Reinaldo didn’t let the pressures of all of the governmental regulations, his father’s health issues, or even the angry shareholder’s in the project stop him from doing what he needed to get the project done. He understood that he really just needed to put one foot in front of the other until he had completed the mission. This can be a lesson to all of us as we go through struggles in our life and business. We don’t always know when we’ll get thrust into a leadership position or seemingly have all the chips stacked against us, but we do know we can always just take that next step. And then the next step. Until we complete our goals or defeat our giants.

It never hurts to ask. Even if you don’t think it’s possible that you will receive something.

We are often afraid to ask for help when we need it. I’m especially guilty of this. I’d rather go nights without sleep in order to solve a problem, rather than ask for help on some occasions. I’ve gotten a little better at this over the years as more and more problems come my way. Reinaldo mentioned that he was able to swallow his pride and ask for help when he was trying to course-correct his father’s failing development company. I believe this was one of the main reasons he was able to keep his head above water. He went to the other developers, the government officials, and other shareholders and explained the situation, and asked for their help. A funny thing happened when he did so….

They actually helped him! We often build up this idea that it is “us” against the “world”. When in fact, most people like to help other people. It’s in our nature to provide a helping hand when possible. Reinaldo found this to be true when he was struggling to pay of debtors and ward off lawsuits that seemed to come at him from every angle. He was able to talk through the problems he was facing with others and found out that they were actually willing to help when able to. Oftentimes, we become to proud or arrogant to ask for help. This can hinder you from moving ahead in the situation that your up against. Learn to be vulnerable and I think you’ll be surprised with the outcome.

Always leverage the tools you have to achieve the outcome you want to obtain.

This last main point is one that is almost too simple, but often overlooked by real estate entrepreneurs. We all have gifts, talents, or abilities that we can leverage to our advantage. The goal is to learn what we have to offer and use that to multiply our current effort or the efforts of others. Leverage can either be tangible like money, land, or credit. Leverage can also be intangible assets such as specialized knowledge or networks.

Reinaldo utilized his ability to use specialized software while at the University to leverage his ability to find development opportunities. He understood that he could leverage the access to this software to help grow his potential. Reinaldo also leveraged his experience and past failures to become even better at his craft of real estate development. He also leveraged his own assets to keep his father’s development company afloat. In order to succeed, we all need to find ways to leverage our assets to yield high returns. This truth is the same no matter what you are seeking success in.

As you can see from the take-aways above, this podcast episode was absolutely full of great information on making it in real estate development and certainly provides actionable steps you can take on your next real estate development project. As always, if you have enjoyed the content and the show, please subscribe to the show below and share with your friends in the industry! We’ll have many more great discussions on the shows to come.

From Venezuela to Miami, Learning Real Estate From the University of Life with Reinaldo Padron – Ep. 46

About the Guest

Main Take-Away’s From This Show

Nothing replaces perseverance and hard work when seeking success.

It never hurts to ask. Even if you don’t think it’s possible that you will receive something.

Always leverage the tools you have to achieve the outcome you want to obtain.

To Learn More About Reinaldo Padron and 360 Network, Check out the Following Websites:

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