All Forum Posts by: Isaac Geller

Hi Israel,

I am thinking of getting into this market. Seems like lots of investors from Israel find their way to Columbus.

I'd really appreciate if you can PM me which one did you choose, and why

thanks

@Benny Gelbendorf heard good things about both, Robert is very expensive and people from Rafi's course were rally satisfied with the content. I would start with him.

Since you are OOS investors you are exposed to bigger risks so you have to avoid mistakes and learn from more experienced people.

Hi,

Are you a graduate of a course? Robert Shemin, Rafi Mizrahi or anyone else?

@Dick Rosen Thanks. I'll check this site out

Hi all,

I am trying to expand into the KCMO market,

was wondering if anyone can recommend on a good property management company in the city.

Thanks guys!

Hi All,

I am an OOS investor trying to expand into the US market. 

I started making connections in various states andt hings are getting serious. My thoughts were it doesn't really matters where to invest as long I get good deals and find trustworthy people that can manage projects for me, but now the situation is more complicated since I am starting to develope serious connections in various markets and I have to choose where to put my money. Moreover there is a great significance of where to invest for other reasons such as appreciation probability, stabilized or increasing tenants pool and maybe more aspcets I didn't think of.

My questions is what do you think the criterias that will help me compare the different markets and more importantly how to  get the data needed for making the comparison.

Thanks for reading my post! Good luck to you all,

Isaac

@Andrew Johnson the subhect you broght up is very interesting, I am guessing that this firm wants to establish long term relationship with investors. It is true that the return would be higher when selling quicly but the investors would expect to make huge profits in short time, and that is not the case. This opportunity is uniqe and not common. If the firm produces an overall return of 20% annual for 3-4 years then investors woud be happy and will continue to invest in long term deals. It's only a thought but I know that the hardest thing for an investing firm is to get finance, and it is done by building trust with investors

@Andrew Johnson the building is new (2017). The idea is to install solar power system on the roof to get extra cash flow and thus to increase value. the bank interets rate is quite low, about 3.86% for 30 years. The first year is interest only to increase the returns in the first year. They are planning to sell it after 3 years when most of the profit will come from the extra 2M of the selling price. The group puts is about 3M so it should be a 66% profit just from the sell.

@Steve Babiak the building is located is Grand street, very close to NYC. thanks

@Andrew Johnson You are very right asking the how is the price so low question. I was also suspicious. The answer was that there are two reasons for the low price: one is that the owner is keeping part of the building and functions as PM what will create extra income for him. The seconds reason is that the purchase is made without agent that usually charge 7% percent and this money is save to the seller.  Seems reasonable.