Interview with Real Estate Investor Shalom Drizin

Dedication, luck and effort are three key words associated with success. For a real estate investor to be successful these terms have to be present in their day to day. But beyond a matter of luck, whoever decides to get involved in the real estate world and invest must possess certain characteristics and gather the necessary factors that facilitate the process of identifying the different opportunities that exist to multiply their money in a simple way.

With over 30 years of experience operating in the apartment buildings industry, real estate investor Shalom Drizin has a specific financial background and is very good at decision making. We spoke with Shalom Drizin, founder and Head Officer of Fieldbridge Associates LLC, about the prospects they have for the real estate sector, in general, and the company in particular.

Shalom Drizin has already achieved financial success, but prefers to continue working. I hope we can all learn from his experience. Without further delay, here is the full interview.

Are there any specific characteristics that a real estate investor should possess?

Shalom Drizin: First of all a good real estate investor knows and compares the existing prices in the real estate market. In turn, he is always in search of new business opportunities. The second characteristic of this type of professionals is that they work with real estate experts, since they are the ones who have an idea of the areas or sectors that have the highest growth. Furthermore, these areas are set to have competitive prices

Being patient is the next feature on the list to become a successful real estate investor. Above all, the person must know how to identify when is the perfect time to sell, remodel or build. In the fourth position, this quintessential real estate investor must know the concept of capital gain. One factor, which experts point out, is key to making a successful real estate investment.

Are all real estate investors great visionaries?

Shalom Drizin: In order to create something out of nothing, it is necessary to be a visionary. In other words, investments should be made in areas that are projected into the future, with the possibility that there will always be a real and sustainable improvement.

On the other hand, a good real estate investor must plan and organize their financial resources. Determining how much the budget allocated to invest will be vital to avoid compromising finances and subsequently becoming indebted.

In another order, there are those who affirm that investing is a complex process. However, the best investors worldwide have shown that simplicity wins over complexity. So the rules of simplicity have to be applied.

Should a real estate investor has a specific financial background?

Shalom Drizin: As I already mentioned, knowledge, dedication and capital are the key factors that can lead you to success. Fortune hunters swarm everywhere. Easy money and unforeseen business are wildfire that confuses many, but in Real Estate, the possibility of making easy money must be carefully analyzed. Purchases at an opportunity price, or as you prefer to call them, are practically non-existent and whenever they appear, they have their tagline.

Whoever wants to make money on real estate first has to expand their knowledge in this market. Financial techniques must be learned. Indispensable will be relationships with a banker, an attorney, an accountant, and a real estate agent who specializes in investments. A list of companies dedicated to the repair and cleaning of buildings will complete the initial logistics.

The amount of money you want to invest does not determine the type of investment. The logical thing would be to look for an investment that produces profits and that allows, through legal mechanisms, to defer the payment of taxes, in order to increase the investment capital.

Shalom Drizin is a real estate investor, who has a number of properties under his ownership. Drizin is committed to providing all of his residents with high standards of service, 24-hour security, onsite maintenance and porter staff. His properties include many onsite amenities. Some of these are children playgrounds, onsite parking garages and state of the art laundry rooms.