Earn More Money in Less Time in Real Estate, with Larry Abramowitz

Passive Wealth Strategy Show - Real Estate for Busy Pros

Larry Abramowitz joins us to teach us about his journey from living in Colombia to successfully investing in real estate in the US and running a flower distribution business. Larry has had a fascinating journey from life as a busy professional to venturing out on his own to grow his wealth and the wealth of others.

Quotes:

“I would probably say would be my first apartment complex. I say that just because I still have it. it is returning an infinite return at this point. I doubled my money on it and some and I'm still getting cash flow from it.”

Get in touch:

www.broadviewcap.com

https://www.linkedin.com/in/larry-abramowitz-a9331918/

https://www.linkedin.com/company/broadview-capital-partners-llc/

Other Similar Episodes:

Crowdfunding Real Estate in the European Union with John Corey

GC Turned Investor Teaches His Multifamily Lessons with Chad Hudson

Guest Bio:

Larry grew up in Costa Rica and moved to US for university in 1990. Studied Manufacturing Engineering at Boston University and then got an MBA from Wharton University of Pennsylvania.

He worked in General Electric manufacturing appliances and aircraft engines and in Colombia manufacturing Recycled paper for making corrugated packaging boxes, prior to venturing out on his own.

Larry started doing real estate in 2014 while running his flower importing and distribution company. He has done over $30,000,000 in real estate transactions in the USA, Colombia, Costa Rica and Spain.

Real estate bio

-Started buying properties in foreclosure in Miami, FL in 2014 in the court, fixing issues, liens, violations and remodeling. Sold some and kept some as rentals. These properties include apartments, single family residence, warehouse and retail. I realized returns of 75% on the deals I sold and have unrealized returns estimated at 45%.

- At the beginning of 2018 decided to start investing in multifamily and started selling my portfolio of houses and apartments. Closed first syndication deal in September of 2018 of 108 units in Daytona Beach, FL. Did an equity raise of $4,500,000 on my first deal.