JF1239: How Better Management Increased The Value Of His Apartment Building By $600k with Joseph Gozlan

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 23 January 2018

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joseph came to the US in 2007 and started buying single family homes. He didn’t like the idea of scaling single family homes so he decided to start buying multifamily. Starting with a 22 unit, eventually buying a 102 unit property in Texas. According to Joseph, the 22 unit property was in great shape but had poor management. Now that they have fixed the management issues, the property’s valuation is worth over $600k more than it was with the previous management. In this episode we get to hear how to find your first bigger deal, and how to increase the valuation of large properties. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is a higher probability that you can close a deal over a first time buyer” - Joseph Gozlan Joseph Gozlan Real Estate Background: -Multifamily investments specialist, leading group acquisitions of over $11MM in real estate at EBG Acquisitions -Provides asset management services to a portfolio of 156 units and growing. -In 2017 he led the successful acquisition of a 102 units multifamily property in Lubbock Texas -Goal is more multifamily communities in Texas secondary markets and managing an asset base of 3000 units -Began real estate in 2005, when he purchased with his wife Rita their first investment property in Israel -Say hi to him at http://ebgacquisitions.com/ -Based in Plano, Texas -Best Ever Book: The One Thing by Gary Keller Made Possible Because of Our Best Ever Sponsors: Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.
0:23.0	InvestHERCON is not just another real estate conference.
0:27.0	It's a transformational experience focused on real estate investing,
0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-Kom, promo code 100 best ever to get $100 off your ticket.
1:05.0	Buy right so you won't get hurt.
1:07.0	Real City cyclic, none of us has a crystal bolt, you know when it's going to turn,
1:11.0	to make your money when you buy.
1:12.0	Best ever listeners before we jump into today's episode.
1:15.0	Got two questions for you and this is for my fix and flippers out there.
1:18.0	One, are your financing costs eating at your bottom line and two,
1:22.0	are you looking for a way to increase your
1:23.6	overall profits by reducing your loan payments to the bank or private lender
1:27.7	of course you are right you're always looking to maximize the potential of
1:31.8	your deal so here's a solution. We got a solution
1:35.2	for you through the crowdfunding platform Patch of Land. If you're loyal best ever
1:39.2	listener, you know Patch of Land. They've been on the show many times. They've sponsored the show many
	...

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