# Entrepreneur of the Week Gil Torielpost # 1 Hello, first of all I would like to thank the moderators of the forum נכ
#entrepreneur This week Gil Toriel
Post # 1
Greetings,???? ♂️
First and foremost, I would like to thank the directors of this distinguished forum who decided to give me a platform to express and write a number of posts for the benefit of the investor community and all the dignitaries of this forum.(I.e.
My name is Gil Toriel, 43, father of 2 lovely children, daughter and son
In the last ten he combines life in the Holy Land with the United States and lives on the line.
How it started, my path in real estate:
It all started when I was on a trip to Isla Mujeres, Mexico, an amazing island in 2006.???? ♂️
I stayed there for about 7 nights and these days I read on the seashore about a hammock and coconut for drinking the whole series of rich dad poor books by Robert Kiuski, the books spoke to me and I decided that when I return to Israel I start buying investment assets to generate passive income. That is what my nose and appreciation are for, Iluz Illouz, who bought me these books, if my children and my partner on this long journey.??
I will not write the whole process because it takes a lot of pages for this but I will be brief and note that at the end of the day I purchased dozens of properties in Ramla, Holon, Bat Yam, Rishon Lezion and Bat Yam. Not ten, not twenty, more than thirty properties .. I acquired a lot of knowledge in everything related to financing, mortgages, realtors, renovations, lawyers, I learned to read a building file, meet with the city engineer and in general. In real estate, there is a lot going on in the field on a daily basis. I will add that sometimes I also slept in the apartments I bought and renovated them together with the Chinese Chuan and the Arab "Shi" who worked with me for several years and helped me improve all the apartments I bought for investment. Food in pots that will always be seventy, on an empty stomach it never works ..?? I purchased all of these apartments after I had finished my regular work and in the afternoons and nights I would travel to look for properties and study the neighborhoods / areas / apartments and their prices by heart.??
I developed a method for buying apartments below the market price, practically went and also taught this method for several years at the Center for Financial Education became a practice in the field itself.??
Inheritance apartments, housing developers, elderly people who move to apartments on lower floors, apartments that need thorough improvement, apartments from banks of people who do not meet their mortgage payments [Section of the deceased in the newspaper Calcalit was part of my weekly reading Familiar with market prices and / or want fast deals. Lawyers representing clients of all shades… Realtors who have access to transactions that are not from the first circle. In the building itself, with explosives owners, container owners, taxi drivers, with everyone I developed extensive personal relationships and of course with tenants in all sorts of different buildings and neighborhoods.??
Needless to say, I paid well over 2% to realtors for non-first-round deals.??
Everything at the end of the day is connections and people. Realtors, lawyers, bankers, appraisers, and more…
Every Friday I would pick an entire block (Yehuda Stein Street in Ramla for example) and I would knock on people's doors, floor by floor and conduct a general survey, of course some of the survey had questions about real estate, the amounts of tea I drank and food at those times were huge but moreover the connections I gained Were worth gold.The amount of calls I got from tenants living in buildings about a tenant who wants to sell for all sorts of reasons is huge and so do real estate, neither from Facebook nor from these 2nd hand sites from the area itself, actually went. Need to get out of your comfort zone and do, opportunities do not knock on your door, it will not happen. One of the deals was a huge ground floor apartment that was worth about NIS 630,000 but had debts in excess of higher foreclosures, no lawyer wanted to represent me because my money could not be secured in trust, after negotiating through a local law firm, Gavinson. I was able to reduce about 50% of the debts and just bought the apartment, improved it and sold it at a nice profit after 3 months.??
??Whoever dares to succeed ..
??Whoever sits on the fence as the train passes burns his backside ..
??Get out and do it, get out of your comfort zone dear friends ..
I learned how the banks think, I remember going into Mizrahi Bank in Rishon Lezion at the Well Mall and applying for 3 mortgages simultaneously for 3 different properties in Ramla, the banker threw me in all directions and noted that all of her mortgage was separate. I left the branch and went to 3 different banks at the same time to apply for funding and of course everyone approved my mortgage, bingo I was in the business, Let the fun begin ??????
In all of them I received 75% financing and completion to 90% from EMI for those who know what it is, I received the rest of the financing from my bank, a business discount bank in Rishon Lezion and so I started my path in the real estate world.??
I took most of my mortgages (and there were dozens of mortgages, many dozens ..) I initially took out a balloon loan that only pays interest for ten years and so I made amazing cash flow deals on invested equity. Over the years, I repaid these loans several times from a number of different banks as the value of assets increased and I extracted equity to reinvest to buy additional assets. In my estimation, I took over 50 real estate loans in my life.????
Needless to say, I returned to Mizrahi Bank 6 months later with 3 properties I owned and got a mortgage without a problem from Mizrahi Bank who had previously rejected me. That's how you learn the rules of the game ??
I improved all my assets, thorough improvement, plumbing, electricity, baths, toilets, paint, doors, kitchens and more .. I would purchase the raw materials from suppliers in South Tel Aviv. The same goes for the kitchens for apartments.
There is no house that I have renovated that I did not also paint the stairwells and railings and the lobby itself - that way the whole building was on my side and the tenants would give me invaluable information. The one who understands will understand, and of course full of food, joy of life, warmth and love, I also learned how to fix and fix all kinds of problems in tenants' apartments in every building where I bought an apartment and thus I made connections that cannot be found on the second hand website, etc., I developed the circle method of transactions that are not in the first circle, the second and the third By the way, a tip for readers of a site like Yad 2, always look for apartments that have been advertised for sale for over 2 months, I made quite a bit of money that way...??
In 2009 I owned dozens of investment properties, generated a handsome passive income, had 2 lovely children, the real estate market in Israel has already started to rise significantly in prices and I decided that the real estate celebration for me is less attractive and I decided to go to the world. here I come full power ????????
A little about my work in the US:
Partner, founder and owner of an investment real estate company in the United States??
We are active in the Southern United States, Atlanta, Birmingham Alabama and North / South Carolina mainly.
So far we have purchased / appraised / rented about 350 second hand homes
New Construction - Single Family Homes
So far we have built detached houses about 1600 houses (crazy…. Who would have believed that I am Gil Turiel, a simple guy who grew up in Holon will build whole neighborhoods overseas when I was never in the US and did not speak the language fluently, most of these properties went out to the rental market For passive income to income-producing real estate
Apartment complexes Multi Family - We purchased / improved and rented a number of complexes, about 450 apartments in total
At the same time I have been conducting a tool workshop for examining real estate investments in the USA since 2009, many investors / entrepreneurs and also dignitaries of this forum (some of them) have been in these workshops over the past few years.
In the workshop I pass on knowledge and added value to anyone who wants to invest overseas, area selection tools, asset selection parameters, cash flow forecasting, risk analysis, financial education and more.????????
What I'll write about this week:
Monday :
Financial education Importance of planning and strategy for generating passive income / pension that is not dependent on occupation. (Provident fund, executive insurance, study fund, K401 savings plan, real estate investment), types of loans, Spitzer fund, equal fund, balloon loan, tax planning and more.
Tuesday:
Investment Area Selection Parameters / Property Analysis Parameters
How to choose an investment area, how to analyze an investment property, how to minimize risks when investing overseas, what are the closing documents that indicate our ownership of the property, how to choose a management company and its purpose. What is the taboo wording and Teitel insurance on the property
What is the difference between old properties and new properties in the US, maintenance…
Wednesday:
Differences Between Buying A Private Property Near Land / Apartment And Group Investment -
Ground floor house Single family / In front of apartment complexes Multi Family
What are the recognized expenses in maintaining a property in the United States.
Calculate cash flow in a ground-floor house facing a condominium complex ROI, NOI / Cap Rate
Benefits of group investment versus individual investment.
Thursday:
The difference between a sophisticated investor and an average investor - Passive Income
What are the common mistakes that most "return" investors make? What is the definition of real estate, what is an aggregate return, current return, increase in value, savings of the loan principal, leverage / loans, legitimate tax planning, re-leverage, savings plan…
Friday:
In practice - Include examples from the field, analyzing sample transactions from the field
How to Make 100% on Equity in 5-7 Years in Simple Investment Without Unnecessary Risk
Proofs of my personal practice ..
A wonderful and successful week??
We will know better times????
Regards Corona Macrona
Sincerely,
Age of Toriel???? ♂️
Disclosure - I have been working with Gil at a company he has owned for a number of years. Beyond all the information and tips you will get here this week, I recommend understanding that investing is not a technical matter. This must be done with honest, reliable people with a record of hundreds of investors who will testify to their work and age is one of those special people. Beyond that, it is the vast knowledge and endless creativity that characterizes Gil… Every day comes with a new idea and energy of a fighter in Squadron 13…
Glad to be a part of your age path to help investors take care of their pensions .. And I see a lot of feedback from our clients. From dream-reality, it's you age !!