Ep 70: NAVY Veteran, John Rubino, Shares his Roadmap to Managing Millions in Commercial Development Focused in Mid & South Atlantic Real Estate Market
While pursuing your dreams, sometimes it is the least expected hustle that will make us great. Through taking the small steps, you get to discover the details, ins and outs, and all of the specifics that you have to consider to be great in investing. Listen to how John Rubio shares his mind-boggling journey after excelling in the Navy.
Be inspired by how John Rubio explains to us, detailedly, his steps to getting to know great things through introductions, organic connections that could grow a good relationship with, to understand them, and make sure that they are a good fit in real estate.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
John shared how he had a blast and had a great time pursuing 20 years in the Navy as a pilot.
John shared how he started pursuing business and how he started passively investing.
John tells us about how it is critical to consider every detail, every ins and outs of passive investing as well as looking beyond performances, offering memorandums, and even demographic locations.
Why are we investing here? Why this asset AC class?
John talks about the ways in which he did exactly that as a passive investor: bringing friends and family to start, taking small steps for single family types, and private money loans.
How did their more than $33 million worth of 28 projects turn into 7 of those 28 into full cycle and with 11 executions right now.
John shared where his business grew and what countries they have their projects in.
John’s personal favorite part of the job, COO, and why is it important for him to make his investors feel comfortable.
For John, a good developer sponsor has to have good experience in the asset class and location.
John also mentioned when he talked about investments, returns, and risks.
Tweetables:
“This is a business, but it's also a team sport.” - John Rubio
“We want everybody to be successful from the developer all the way to the investor “ - John Rubio
“We really love DC, Maryland, Virginia, and the Southeast and Ohio, because that's where everybody's going. That's where the populations are growing. That's where the businesses are going. That's where the big schools are. That's where the big incomes are, right? The government's not getting smaller anytime soon.” - John Rubio
“Taxes are skyrocketing and we're like, what heck's going on? Well, because people need housing. So this area is really, really, I wouldn't say recession proof, but very recession resilient and Carolinas are fantastic.” - John Rubio
“And my team's time to everybody now coming together and focusing on that. And if the answer is yes, then we're game on” - John Rubio
Links Mentioned:
About John Rubio
John is the COO/Founder and Co-Managing Director of JID Investments. Back in 2013, he started doing business and investing passively with his close friends, who were in real estate. During that time, he was stationed overseas with his family and got to understand the details, the ins and outs, and other specifics of being a passive investor.
He was in the Navy as a pilot for over 20 years and about 15 years now in real estate. And for about 10 years, he was investing passively and getting a nice return on his money. And that is where he started to build a business.
In JID Investments, John manages the daily operations, oversees the execution of tasks supporting JIDi’s strategic goals, and provides extensive due diligence of prospective investors, partnered companies, and project investments.
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