Interview with Entrepreneur of the Week - Ilya Flex - Real Estate Investments in the United States
Introductory post - Ilya Flex
Entrepreneur of the Week Ilya Flex # Post 1
Hello everyone, my name is Ilya. Thanks in advance to all readers, I am happy for the opportunity to tell my stories in this respected forum. With your permission I will start from the end
Current snapshot
- Active in real estate in the US since 2014
- Main partner in Israel: Alon Gilmore and also a partner in the USA, Cleveland.
- 3 additional partners
- About 20 investors
- I own 176 properties, 229 units with a total value of 16MM - $ 23MM $ held through 5 companies in all of which I hold the majority of the shares
Annual rental income $ 2.3MM
$ 6.5MM Equity - $ 9MM
Monthly Personal Cash Flow - 30K - $ 40K $
the background
I immigrated from Ukraine at a young age and spent my teenage years in Tel Aviv, studying for a bachelor's and master's degree in computer science, working at PayPal in various positions as an engineer and junior manager.
Why money?
2003: Age 20, During my university studies I went on a four month trip to South America and since then my life has changed for the world. The meaning of my life was revealed to me and was as clear as the sun, I am going to spend my life wandering the world. Now the question is how to do it? And more importantly do I have the courage to do it?
financial independence
After returning from the trip, during my years of study and work I began to slowly enter the world of investing and was captivated by the charms of this world. Over the years, I have invested in securities in all kinds of horizons and real estate in Israel.
2011 I went for a walk again and two years later I came back almost penniless and decided it was time to work on a serious plan that would allow me to go out financially independent and cut off my need for work.
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