# Entrepreneur Week 7 (last) Post As I told myself in the first post, as a fitness trainer I worked…
# Initiated weekPost (Last) # 7
As I told myself about the first post, as a fitness coach I worked to help people, and today as an entrepreneur I work to help people.
From a little different place but the common denominator is love for people and do good.
And if we're already in shape, there are sprinters and marathoners in business.
I'm completely a marathoner.
I'm here to stay and take an investor and run with him 10-20-30-40 years ahead.
That I talk to investors I always say that we are building a partnership, a deep relationship on which we built a lot of deals and this is now perhaps only our first deal, the opening shot.
And if the deal does not appeal to the investor, then there will be another. What is interesting is whether they are willing to work together.
The exact deal is already on.
So as I mentioned in my agenda, buy good and never sell.
And then what happens is this:
- As time goes on the rent increases
- As the rent increases the value of the property increases (in the main)
- In the event of a property crisis, it remains stable and exists and continues to provide returns (probably less but continues)
- Once every few years, a bank will re-evaluate the value of the property and take out a loan at its current value
For example
The property was acquired at a value of 1 million
After five years is worth 1.2 million
The bank is willing to give up to 70% of the value of the property
70% of the value of 1 million is 700K
70% of the value of 1.2 million is 840K
Thus extractors capital invested in the property.
And this happens correlated to rent, so that the flow to the world remains positive and gives us profits even during a crisis.
This is the quickest way I know of getting pension / financial freedom, increasing capital or even getting rich.
Each according to his goals is.
I promised a deal, so here it is
It is important for me to note that this deal I am doing in collaboration with a multi-family expert and commercial real estate entrepreneur
Transaction details
Acquisition of a multi-family income property containing over 100 apartments
The property is located in the Class B area where quality tenants are guarding the house and staying for a long time with cash out every few years.
Some numbers:
Total transaction (purchase + related costs): $ 8,300,000
Total Funding: $ 1,400,000
Total investment of the developer: 700,000 $
Bank Leverage: $ 6,200,000
Investment in the project started at: 50,000 $
Expected yield can not be published by law, but in a personal conversation / meeting
The duration of the venture is unlimited, with the possibility of leaving at any time against another investor.
Quarterly or annual profit distribution Each investor of his choice
Rental rates are reasonable but still the ambition is to raise them each year by the limit of what is possible.
There is no need to renovate and / or improve the apartments.
The property is rented out in all 98% Occupancy There is a very high demand for apartments in the vicinity so that a case and a tenant comes out, very soon a tenant will enter his place
Full management of the enterprise throughout the period.
On Monday at next week at 20: 30 will have a group meeting in which we will present the project and will be given an investment opportunity.
Anyone who wants to get to know more and hear him respond "I
The meeting will take place in Ramat Gan near the stock exchange
Thank you Lior for the forum and platform you gave me
Thanks to everyone who participated in the discussions, shared, read, consulted and more
I had great fun, and now it's time to make money !! Monday 20:30 respond "I" and see networking and investment opportunity 🙂
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
In the picture is this property in the deal?
Thank you very much Eyal! ? Good luck later! ?