4 out of 4 stars
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Jorge P. Newberry is beginning to make noise about his story in the real estate industry, with his no-nonsense attitude and skills honed from street smarts. He is one living proof that not everything is learned in the four corners of the classroom. A self-confessed distressed debt and real estate investor, this outspoken entrepreneur has something to impart to anyone whether you have a thing for real estate investment or not. Mr. Newbery’s adventures in the real estate field is the highlight of his book, Burn Zones.
This book chronicles his against all odds story of carving a portfolio through the creation of affordable apartments across the United States from 1992 to 2005. His success can be traced from his mastery of real estate policies and procedures obtained from practice, mentorship, and observation.
Even as a child, Mr. Newberry had a propensity for money-making ideas and carries a do-it-yourself attitude and understood early on the value of hard work. He started working at the tender age of seven delivering newspapers, encountering hurdles, and gaining momentum at the same time. From there, he leveled up his game plan, from pedaling ice cream to putting up his own record company.
But Mr. Newbery is a restless man. He is in competition with no one but himself. In 1985, he started participating in cycling competitions, having competed in Olympic trials, 500-mile races, and became part of the Costa Rican National Team. It is in his passion for bike racing where this book gets its title. A “burn zone” is that short period of extreme effort a biker exhausts that separates the winners form the losers.
It is such an apt title for a story of an entrepreneur strengthened by struggles and adversity. He survived multiple burn zones in the real estate business, of which the most notable is the renovation of the gang-infested Woodland Meadows into an idyllic living place. His letter to the mayor of Columbus makes for a suitable study in diplomatic correspondence.
His grit and talent reflects at how this book is written. This memoir is a step by step look at the anatomy of a survivor who evolves to become a mentor to others. Perhaps his greatest accomplishment to date is the establishment of a hedge fund with a heart for families who cannot afford to settle their mortgages. Burn Zones gets a four out of four stars for providing an inspiring read.
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