Introduction post - Barak Yaakovovich
#יםמהשבוי Barak Yaakovovitz #post1
Hello everyone,
Excited to be a guest in this distinguished forum, and I am happy to share my insights in front of such a talented audience, who only cares to violate each other and pass on their knowledge and experience, thank you for the privilege!
My name is Barak Yakovovich, 24 years old from Emek Hafer, and probably soon New York, I locate deals below market price in Pensacola, Florida, represent a group of wholesalers that locates commercial properties in several markets, an investor in commercial real estate (specializing in retail & industrial), a partner in a business growth consulting company, and manager of a financial community named the lazy investor, (soon a partner in a credit raising company).
Too many titles huh? ?
I will introduce myself according to my theory, that there are 4 levels for an investor:
The beginner investor
That investor begins to study the field, reads blogs, books, and various sources of knowledge, gets interested, gets inspired by others and understands that investments are the way to security and financial independence, he slowly realizes that he needs to invest his money, understands that it is better to save more than to spend everything on material goods for A bright future, but limiting beliefs (such as fear of losing the fund), lack of knowledge, lack of time or savings prevent him from investing, but he begins to save a little and works on his security in investments by acquiring knowledge, saving more, and working on his consciousness.
At the age of 21, I decided to leave everything I had, in order to try to fulfill a dream that had been there since the age of 14, which was to add value to the market by improving real estate properties, so I gave up studying business administration and economics at the university, my wife Doug, family and friends, and moved to work in my brother's company in the US as a commercial real estate transaction analyst, and a world that I didn't know before opened up to me. Following the corona virus, I returned to Israel, a little disappointed but with a lot of ambition and a desire to advance in the world of real estate and investments.
2. The lazy investor
The lazy investor understands that he needs to act after all the knowledge he has gained and the change of consciousness, he prepares an action plan and defines goals, uses the equity he has saved over the years, uses the knowledge he has gained, and passively invests his capital in various financial products.
Of course he's not really lazy because he did, he invested, learned, took action, took risks but he prefers investments in products that won't take too much of his time, relatively easy to implement such as stock indices, provident funds, savings policies, real estate funds, social loans, etc.
He invests part of the money he saved every month/quarter.
At this point, I started investing from the money I had saved since the age of 12 and in the army, in the capital market, crypto, real estate funds, but the small victories opened an appetite for more.
3. The determined investor
The investor has gained knowledge, experience, and confidence in investments, he celebrates the small victories, the profits he has accumulated, is proud of himself for having invested, is ready to take additional risk, and take loans for the purchase of additional assets.
That investor tries to extract his equity from the various financial products he owns, in addition to investing in assets with the equity he has accumulated.
By pledging those financial assets, he can take out a loan on favorable terms for the purchase of additional assets. For example, taking a loan at the expense of a training fund for the purpose of buying an apartment in the sand.
At that point, I was working in the Ministry of Defense and with a stable salary and some experience I felt confident to leverage the bank's funds as well.
I started looking for a property in Israel, and due to a lack of focus it took me a year and a half to find the site, and once I decided to focus - we closed 4 deals in Kiryat within two weeks (and another fell out of contract) "Patience is bitter, but its fruits are sweet".
After that, I invested in commercial real estate in the US.
4. The entrepreneurial investor
That investor, creates value for the market economy, by creating economic opportunities.
He no longer needs to invest only his own money, but uses the money of investors who believe in him, in the product, he generates profits, he establishes a team, he is a negotiator and a visionary.
He establishes businesses, buys assets and increases their value, establishes companies, solves problems that save a lot of money and time for various companies.
He purchases properties not only with his money, but with the time and knowledge he has accumulated.
This stage is the most difficult - I realized that in order to advance to the next stage - it is necessary to generate value, and I realized that in a commercial property project there is enough cake for everyone who can bring value to the deal - an expert in negotiations, an expert in fundraising, an expert in locating a deal, etc.
Personally, I decided to share the same pie, by being able to bring commercial real estate deals below market price.
How do you do that?
"Make you a rabbi" - although most of the content is open on YouTube and other places on the Internet and in books, in my opinion, for such a stage, it is important to be part of a community and accompanied by a mentor and also for the external constraint (of course it is individual)
And I chose to join the wholesale course of Gal Shmukler and Lior Lustig, the director of the forum. Little by little I researched more and more how to locate properties and how to reach buyers directly.
The biggest insight from this journey is not to set just goals, but to look for a way of life that we enjoy, the habits and identity we aspire to.
To decide how I want to live my life and how I can make a living from it, and for me commercial real estate is the way because that's how I strive to find the edge of my ability, it's not the million dollars in the bank but what you become in order to be worth a million dollars. In addition, we change according to our experiences, as a child I wanted to be a fireman and a basketball player, and today I don't, not because the professions changed and changed but my point of view changed, the same with real estate, I saved in the army to buy a single family right after the release, and then I realized that I was more attracted to other fields Among them is commercial real estate.
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This week I will share insights and stories about commercial real estate - why commercial real estate? What does this teach us about the transformations in the US in recent years? How to appoint and how to locate? The distant future in the world of real estate, time management and procrastination and negotiations and many other topics
And on this occasion, may you have an amazing year, a year in which you will meet your goals, be present with your loved ones, achieve, explore and continue to pass on
Happy holiday !
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