"If you own a beautiful building that's newly renovated with all new systems, in an improving area, why would you sell that? You're much better off, levering it up, using the proceeds of the loan, to return some capital to your investors and allowing the rents to rise over time and therefore the value to compound tax free. " - Moses Kagan
A lot of real estate deals are designed to quickly flip properties — resulting in a lot of mediocre deals.
But in certain markets, if you buy quality properties, this is the opposite of what you want to do.
Because when you have great assets, don't sell them.
So says Moses Kagan, Partner at Adaptive Realty, the real estate private equity firm buying boutique Los Angeles apartment buildings they never plan on selling.
In this episode, we discuss:
Check out these resources we mentioned during the podcast: Kagan's Blog
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