John Eitingon is a Managing Partner at DXE Properties. Before DXE Properties, John leaped and dived into the multifamily world, working on a 20-unit distressed property in Cincinnati, OH, as his first real estate investment. With over 8 years of experience in multifamily, John brings his expertise and a keen eye to acquisitions, identifying growth opportunities.
Things you will learn in this episode:
[00:01 – 08:16] Opening Segment
- How to get in contact with John
- See the links below
- John talks about his background and his journey to real estate
- Took a leap into multifamily (20-units) as his first deal
- John talks about the most recent deal he closed
- A 140-unit property
- Structuring a deal based on equity
[08:17 – 16:29] They Cut Loan Proceeds
- John talks about Bridge Loans
- What is a bridge loan?
- Why they prefer bridge loans
- Be unique
- What makes John and DXE Properties different from others
- John walks us through the process of managing deals involving bridge loans
- Making sure a property manager is going to perform and bring excellent results
[16:30 – 18:17] Closing Segment
- Final words of wisdom for the listeners:
- “I think it depends on what you’re looking for. My advice is always like, for those just getting started in real estate is, in its simplest form – location, location, location.”
- Final thoughts
Tweetable Quotes:
“I like deals that need a bridge loan. I think those are the ones where you can create a lot of value and I think those are the ones that give yourself an opportunity to really hit the home runs.” – John Eitingon
“Bridge loans they’re going to be more expensive, so you do want to make sure the juice is worth the squeeze.” – John Eitingon
Resources Mentioned:
You can connect with John on https://www.dxeproperties.com/ or send him an email at [email protected]
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Support the show (https://www.facebook.com/groups/157335752156211/)