Q&A: The Deed Premiere
New Orleans, LA – March 1, 2017 – Real estate developer, serial entrepreneur, and dog lover are a few ways to describe New Orleans native Sidney Torres IV. Known for his innovative businesses practices at SDT Waste & Debris and FQ Task Force, and his astronomical gains in real estate development, Torres has taken his talents to television with CNBC’s newest hit show, “The Deed.” The Deed features Sidney Torres IV as an investment guru saving failing investor from financial demise. Starring in the first four episodes, Torres will partner with struggling property investors to assist them in turning a failing project into a blossoming phenomenon. The two real estate moguls will counsel struggling investors, provide financial investments to promising plans and even take over current developments with the assistance of the investor to ensure the properties success.
Sidney D. Torres, IV lives for the thrill of making the kind of deal where everyone benefits. From renovating houses to creating an innovative trash company that cleaned up the famous French Quarter in New Orleans and changed the way the trash removal industry works, from musical artist management to upmarket boutique hotel ownership and most recently the creation of a Travel and Leisure’s Top 10 in the world best beach resorts in the Bahamas, Sidney has his hands in quite a few projects. He manages 25 limited liability corporations, and employs 150 people. Sidney D. Torres, IV is a serial entrepreneur. From renovating houses to creating an innovative trash company (SDT Waste and Debris Services, which cleaned up the famous French Quarter in New Orleans and changed the way the trash removal industry works after Hurricane Katrina), from upmarket boutique hotel ownership to his most recent creation of The Cove–a $100 million world-class resort in the Bahamas–Torres focuses on making communities better through business. He currently manages 25 limited liability corporations, and employs 150 people.
Before the big night, World Red Eye caught up with Torres who gave us a closer look into what went into developing The Deed and what we can expect from him in the future.
WRE: What inspired you to do The Deed?
ST: CNBC wanted to do a show that showed the real side of house flipping.
WRE: What are you hoping people will take away from watching The Deed?
ST: My hopes are that it teaches people who might want to get into the house flipping business or individuals just looking to buy a house what to look for.
WRE: Most unexpected or challenging part about a house flip?
ST: Dealing with city governments for permitting and making sure you have a good contractor.
WRE: What tips do you have for early on real estate starters?
ST: Make sure to do your homework and find a good mentor to assist you.
WRE: How did you celebrate the debut of The Deed?
ST: We had a premiere party in New Orleans at one of my historic venues with 600 people.
WRE: Other than calling it home, what does New Orleans mean to you?
ST: It’s a special place with great culture architecture food and the people are amazing.
WRE: Tell us why you came up with The Cove in Eleuthera, Bahamas?
ST: After selling my waste company I wanted to do something different and because I’ve developed hotels in the US I wanted to do something outside of the country that was unique.
It’s funny because I never really plan things out. I usually just go with my gut and give it 100%. I love finding troubled assets that nobody likes to touch and turn them into something beautiful and profitable.
Sidney Torres
WRE: How has your life changed since the development of The Cove?
ST: I don’t know if it’s changed but it was a great challenge and I feel very honored to be able to create a bunch of jobs for that island.
WRE: What’s your connection to Miami?
ST: Miami is so close to New Orleans and the Bahamas. I have so many great friends there that it feels like a second home.
WRE: Do you ever see yourself living here full time?
ST: Yes I’m actually looking for a place now.
WRE: Best advice you have received (business and/or personal)?
ST: Make sure to surround yourself with good people to mentor and guide you through personal and business matters.
WRE: From creating an innovative trash company, The Cove, to The Deed, what’s next for you?
ST: It’s funny because I never really plan things out. I usually just go with my gut and give it 100%. I love finding troubled assets that nobody likes to touch and turn them into something beautiful and profitable.
The Deed Premiere