Hello everyone,
Thank you to the forum managers for the wonderful stage I received.
My name is Alon Ram, 54, from Tel Aviv.
In the engineering profession, he owns a project management company and deals with the construction of public and academic buildings.
As part of my activities in Israel, I have established public buildings such as student dormitories at the Rufin Academic Center, battered women's centers and the Check Point building at Tel Aviv University, which is used by Tel Aviv University's youth and the computer science faculty.
I am currently working on setting up a private hospital in Kiryat Atidim in Tel Aviv and a new campus for Ramat Gan College.
Until 8 years ago, I worked as an international company employee in operations management, maintenance and infrastructure.
About a decade ago, I started squinting toward the exit for occupational and economic independence. The realization was that I would have to combine income from my occupations as an asset / maintenance / project manager with passive income.
In 2010, being an executive at an international company, I found myself skipping to the U.S. several times a year.
Around me, Buzz began the sub-prime crisis, sharp price falls and opportunities to buy property at floor prices.
I was intrigued, interested, jumped into the water and purchased, without seeing, an Indiana property through an Israeli entrepreneur. I invested $ 40,000 and purchased my first home in the US.
On the first opportunity that came my way, I visited Indiana accompanied by the same entrepreneur and with the enthusiasm of beginners, I purchased two more homes.
The numbers worked, the guaranteed return came into the bank every month and the world looked ever-pink. I went on the purchase journey, persuaded relatives and friends and bought more and more.
At the same time, I was exposed to an American entrepreneur who was working in Atlanta at the time, and I also bought homes from her.
And so after about five years of passive investing, I replaced a half-room apartment in Ramat Gan with ten properties that yield an average return of about 10% a year.
Like most fairy tales, when it's too good, something goes wrong.
In 2015, property management cracks began in Indiana, which an Israeli entrepreneur began to fake, delaying payments, making up expenses, in short - me and my friends who invested through me, got in trouble with a crook.
This is where I realized that I must take control of my assets and that of my friends and this is impossible to do with remote control.
I got on a plane and did what I did all my professional life - running a project. I have managed to minimize damage, run alternative management companies and stabilize asset management.
Dare to come out sweet, I got to know good and decent local professionals, the members continued to trust and opened new channels for investment and collaborations without intermediaries.
From early 2016 to the present, I fly once every few months to see existing assets, locate new properties and mostly meet with local suppliers, so I continue to invest and help other investors purchase and manage rental properties in Indiana, Atlanta and Alabama.
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