Even in these challenging economic times, multifamily real estate continues to perform exceptionally well. Hypergrowth in this investment market has led to intense competition for available properties. For every worthwhile property available, a waiting list of prospective purchasers are ready and willing to take on more risk for less reward than ever before.
But instead of getting caught up in the frenzy and making a reckless purchase that could sink you, it’s critical to carry out an on-the-ground inquiry. Take the time to find out what’s really behind the seller’s motivation to sell, use street knowledge to discover whether it’s a sound investment, and think outside of the box about where to find hidden value.
Joining us for our discussion on Finding Hidden Value in an Investment Property is Sam Liebman from NYC. Sam Liebman, founder and CEO of WealthWay Equity Group LLC, a New York-based private equity and real estate development company. He has owned substantial interests in over 70 properties during the past 30 years, ranging from multifamily communities, office buildings and shopping centers, to the ground up construction of a luxury 21-story condominium development in Manhattan. He is also CEO of Rolling Cash Realty, Inc., a real estate management company, as well as a partner in Tepper & Co., a certified public accounting firm. His new book is Harvard Can’t Teach What You Learn from the Streets: The Street Success Guide to Building Wealth through Multi-Family Real Estate Welcome to Mastering Your Money, Sam Liebman.