JF455: What a "Tasty Deal" is with a NY Multifamily Investor and Author
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 1 December 2015
⏱️ 34 minutes
🧾️ Download transcript
Summary
As a Former Chemistry teacher who knows New York very well, our Best Ever guest jumped in head first! He was able to watch others who were successful in the business and began buying in the early 2000's. When the bubble burst about a decade later, he was ready to buy deeply distressed homes at big discounts. One of his greatest tips involve speaking with code enforcement to sniff out local offenders. Don't pass up this episode!
Best Ever Tweet:
If it's not falling down, I'm going to buy it...I bought it for pennies.
Michael Gansberg's Real Estate Background:
- Author and one of them being, Rentals to Riches: Making Money in Multifamily Real Estate
- Own and operates an educational company in NYC
- Licensed real estate broker and currently owns and operates 40 buildings mostly 2 – 12 unit buildings
- Former chemistry instructor at NYU
- Say hi to him at directlend.blogpost.com
- Based in New York City, New York
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Made Possible Because of Our Best Ever Sponsors:
You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.
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Transcript
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| 0:00.0 | Did you know that within a decade women will hold $30 trillion in investable assets? |
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| 1:05.0 | A very high cap rate is strongly indicative |
| 1:08.0 | of either a problemed property or a problemed area or both. |
| 1:13.0 | Best ever listeners, before we get into today's episode in the interview with our best ever guests, I want to mention Fun That Flip, because Fun That Flip is an online lender that gives you fast convenient access to |
| 1:26.7 | really affordable money that you need for your flip project so if you're |
| 1:31.6 | doing residential flips then the main thing I imagine that you're focused on or the main two things are the deal and the money. |
| 1:41.0 | So if you've got the deal deal pipeline but you need access to cash and you want to |
| 1:46.7 | build a reputation within a group that will continue to invest their dollars into your deals, then go to fund that flip.com |
| 1:58.1 | forward slash best ever. The founder of fund that flip is Matt Rodac and he's actually one of my very first guests on the show. |
| 2:07.0 | It's episode number 7. |
| 2:09.0 | So if you have a chance, go check that out too, familiarize yourself with Matt and what he's all about but when you're |
| 2:16.2 | needing money and you want an online lender that provides fast convenient access to |
| 2:21.6 | affordable capital for your flipping projects, then |
... |
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