In this episode of "The Gould Mine," Daniel Lichtman, a multifamily investor managing over $150 million in assets, delves into his journey from sales to real estate, particularly in distressed assets. He highlights the advantages of multifamily investing, navigating current interest rates, and transitioning from single family properties to larger multifamily projects. Daniel shares insights on working with distressed sellers in the hotel industry, the importance of understanding capital expenditure, and the flexibility and reduced risk offered by multifamily properties compared to single family homes.
He also discusses the challenges of property management, the potential for passive income in multifamily investments, and the need for strategic renovations to enhance property value. Daniel advises on the fluctuating demands in the multifamily sector and the less competitive nature of the commercial market due to interest rates. Wrapping up, he emphasizes the importance of work-life balance and invites listeners to connect with him on LinkedIn for more insights. This episode provides valuable knowledge for anyone looking to succeed in multifamily real estate investing.
Follow Daniel Lichtman:
Daniel's LinkedIn: https://bit.ly/3RzWmwy
In this episode of "The Gould Mine," Daniel Lichtman, a multifamily investor managing over $150 million in assets, delves into his journey from sales to real estate, particularly in distressed assets. He highlights the advantages of multifamily investing, navigating current interest rates, and transitioning from single family properties to larger multifamily projects. Daniel shares insights on working with distressed sellers in the hotel industry, the importance of understanding capital expenditure, and the flexibility and reduced risk offered by multifamily properties compared to single family homes.
He also discusses the challenges of property management, the potential for passive income in multifamily investments, and the need for strategic renovations to enhance property value. Daniel advises on the fluctuating demands in the multifamily sector and the less competitive nature of the commercial market due to interest rates. Wrapping up, he emphasizes the importance of work-life balance and invites listeners to connect with him on LinkedIn for more insights. This episode provides valuable knowledge for anyone looking to succeed in multifamily real estate investing.
Follow Daniel Lichtman:
Daniel's LinkedIn: https://bit.ly/3RzWmwy