|José Acevedo, owner of A&D Investment Properties.|
by Kimberly Hunter
The American enterprise — I love it! No matter how much downsizing, economizing, corporate takeovers, new business start-ups, or going-out-of-business sales —- I love American enterprise! It represents the opportunity to dream big, pursue those big dreams, succeed or fail, and then turn around and do it again. However, entrepreneurs are a different kind of risk taker; perhaps even a different kind of thinker.
José Acevedo, owner of A&D Investment Properties, is a thinker who understands business and life in the most practical terms. If you ask him if his practicality and ingenuity are the secrets to his real estate success, he may likely reply, “The only success is to be ready for change and able to adapt to that change.”
José is a native of
Puerto Rico. He moved to the mainland and received two college degrees,
one in finance and the other in accounting. He soon learned that the
name “José” did not generate return calls and interviews with companies
in his industry. Rather than griping about it or becoming upset, he
sustained his family by accepting other jobs outside his college
majors. Over the course of a few years, José maintained his job with
his initial employer, even after another company tried to recruit him
(and offered more money).
he was never frustrated during those years not obtaining work in his
field. “I never felt that any job was beneath me; if the toilets needed
to be cleaned, I cleaned them. If the floors needed to be mopped, I
mopped them. I make the job, I am not going to plan my life based on
what someone else thinks of me,” he says with a smile.
José applied for and was hired for a position in an accounting
department. So he packed up and moved to Asheville – only to be fired
after five weeks. As a result, he changed careers to marketing and
almost simultaneously began purchasing homes in Western North Carolina
to either rent or flip. He spent the next 14 months working at his
marketing job, and purchasing homes until the marketing company he was
working for was sold and everyone was fired — including José. By then,
he had a plan: he began to sell the least profitable properties so that
he maintained a healthy cash flow.
José formed A & D Investment Properties, which has grown to include
a real estate portfolio of rental units, vacation rental property, and
bold, “out-of-the-box-funny” and realistic about real estate. “If I
want to spend $100,000 in the stock market, I must have the $100,000 to
invest, and have no way of influencing the market to go up or down. In
real estate, I only need a percentage to purchase something which could
have a direct impact on my investment. Rather than place my money in an
unsure market that may deplete my investment, I would rather invest my
money into something where I can directly influence or enhance the
value,” Jose shared.
What tips does he have for those who have an interest in purchasing rental properties but don’t know where to start?
can do this,” he very quickly responds. “However, it takes discipline,
common sense, and the ability to use basic math skills. Do you want a
great plan for retirement? From age 30 to 65 purchase 30 houses; then
make a decision to keep the best 15 houses, and sell the rest. You will
have enough income to live comfortably in retirement.
will always need a place to live. And because needs change, houses sell
– and people move, there will always be houses to buy, houses to sell,
and people to rent to.”
He continues, “My final advice is to take a look at what you really
need and then refuse to live beyond your means. All you have is today,
so now is the perfect time to save, invest, and live below your means.”
self-storage space, a home, or vacation property, or to find out more
about A&D Investment Properties, call (828) 645-8888 or e-mail