Dani Beit-or: Leveraging Repetition and Reinforcement in Real Estate Investments
Guest: Dani is a 20-year real estate investing veteran with extensive experience in the US market. He has collaborated on nearly 5,000 transactions since 2004 and has helped hundreds of investors cultivate robust property portfolios across a variety of metropolitan areas. Dani’s investment strategies have been refined from his experience during the 2008 market downturn, and he now leverages his expertise to help investors at all levels, from novices to seasoned professionals, optimize their real estate investments.
Big Idea: Dani Beit-or shares his 20+ years of experience as a real estate investor. He discusses the need to have each property standalone and pay its own expenses, the power of repetition and reinforcement and the kindness of those in the real estate industry in helping one another. Additionally, Dani explains how he uses his real estate investments as a 401K. This podcast is an invaluable source of advice for anyone looking to venture into real estate investing.
Dan: Cool. So I’m here in Chicago, listeners know I’m back from Florida, spent the winter there. It was pretty cool. I wish I was still there because it’s not quite done being winter in Chicago yet. But one of the things most of the listeners probably know, I think we were talking about before the show started, so I buy, sell. Buy, fixi and sell, I own rentals, and I do that in Philadelphia, originally. I moved to Chicago in 2015, so I could be near my daughter who was heading into late middle school at the time. So I was like, oh, it’s now or never. She’s back in Philly now at college. I’m still in Chicago. That’s how I ended up in Chicago. And then I met someone who we opened up the Atlanta market and we did a lot around the country.
And I say all that as kind of a setup, Dani. I never would’ve probably left my backyard in Philadelphia because flipping houses, making money. I know the market, the brand, people know me, they’re bringing me deals, my contractors are there, my money partners are there. And I was afraid that when I left, the whole thing would crumble when we would go away now. And I was okay with that if that happened when I got to Chicago, but grace of God, the business grew and things continued in all three areas. So that was my catalyst for looking around the United States at other real estate markets. And we’re now eight years later and I feel like the thing that’s most exciting to me right now is market selection and paying attention to the nuances of this huge variety of markets throughout the United States.
I guess I need the challenge of having to underwrite new markets. But I think it was really cool because I was able to see a market like Atlanta. Seeing like, let’s say 8% to 10% or 12% appreciation for several years. And then a market like Chicago, which maybe it had 3% or 4% and probably a 10% bump during COVID or something like that and there’s opportunities in each of those markets. But I would imagine for buy and hold investors, and I’ll allow you to encapsulate your business model here in a moment, but for buy and hold investors, I’m getting in getting out in a 12-month period or less. So it doesn’t matter how much the appreciation is unless it’s significantly negative one year. But to a buy-and-hold passive investor probably has another career or has a lot of rental properties. That appreciation component’s going to significantly drive or hinder the total IRR. So with that setup, I’ll pass it to allow you to describe what you do in the evolution of your business model.
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Resources mentioned in this episode:
For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/
Dani & I Discuss:
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Making each property standalone and pay its own expenses
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The power of repetition and reinforcement
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Using real estate investments as a 401K
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Selecting the Best Markets to Invest-No Matter Where You Live
Relevant Episodes: (There are 216 Content Packed Interviews in Total)
- The Power of Self-Belief with Ben Reinberg
- Ian Walsh – Leverage Your Real Estate Business with Hard Money
- How to Succeed in Business WITHOUT Sacrificing you Family, Health, or Life with David Finkel
- Nathan Krauthamer on Scaling Up to Commercial Deals
- Mike Shapiro on Transforming a Southern California Real Estate Brokerage
The transcript of this episode can be found here.
Transcripts of all episodes can be found here.