Multifamily Missteps Hosted by Jerome Myers

Scrambling After the Lender Shorted Me - John Eitingon

December 15, 2020 jerome myers Episode 53
Multifamily Missteps Hosted by Jerome Myers
Scrambling After the Lender Shorted Me - John Eitingon
Show Notes

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 jeitingon@dxeproperties.com

 

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

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