A blast from the striped real estate stories; What striped real estate stories are there in your family?…
Original publication date on the United States Real Estate Forum on Facebook:
2018-12-27T11:30:44+0000
A blast from the Past ¦
Striped real estate stories;
What striped real estate stories are there in your family?
I'm the first to comment
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When my father was a young officer in the army, in the late XNUMXs, he had the opportunity to buy land for future development with a sea-view.
As a source of much loot he organized with another friend, also persuaded Grandma to invest and purchased some beautiful areas, which indeed overlook the sea… The areas are somewhere in the area of Ein Hod and Beit Oren on the Carmel, and later declared the Mount Carmel Nature Reserve… Article 197.
So the next time you do horseback riding in the field… maybe we deserve some transit fee?
My grandfather worked in Tnuva and as part of his job he moved between all the packing houses in Israel.
The owner of one of the packing houses in the center of the country, which belonged to a few acres of orchards, was an elderly couple without children who were tired of the hard work and the endless war with Arab fruit takers, because my grandfather was one of the few people they knew offered him a gift, Will continue what he has been working hard for years, my grandfather who saw their suffering from dealing with the thieves and the state's helplessness in handling the issue politely refused the proposal.
PS The citrus groves later on in a center called Kfar Shmaryahu
Something small .. My parents bought in 2004-2005 in Ganei Aviv apartment around 250-300 thousand shekels (if I'm not mistaken). At 2007 we decided to buy an apartment in South Tel Aviv and to pay no purchase tax, which my father did not have the money for, he decided to sell the house in Ganei Aviv at around 1000 400.
Now I realized that the prices there were approximately 2.
One of the stories I grew up in Haifa.
At the time, my grandmother was offered to buy land in Haifa Bay, but she said, "Why do I need these swamps?"
Ladies and gentlemen, Haifa Bay of today!
We also know exactly what area it was in to make it hurt a little more…?
My husband's parents were debating whether to buy on Rothschild Boulevard, which at the time was just sand and gravel, or in Petah Tikva, if the original colonies? Such a sad funny… ..
Thanks Lior Achla Post
The second story was supposed to be a story of real estate investors with a vision, but it also has a moral.
Somewhere in the early 1970s, my parents bought half a dunam of agricultural land in the Gedera / Gderot area.
The idea was that within a few years the area would develop and a family house would be built there. It did not happen and then they said, maybe for the children who grow up. This, too, did not happen, and according to the direction in which the wind blows, the grandchildren will not build a house there anymore.
Conclusion: These stories are good about transactions that were not made and turned into gold, sure there is equally the other side of a coin - transactions that were made and remained sand.
So, like everyone else, we also have a few real estate stories in the family.
The first is about my grandfather, who in the 1950s bought a house in a veteran housing project in Rehovot, a two-family house with a balcony in front. At that time they offered to purchase land in the area at the entrance to Rehovot in the form of money. The man who had been living there in this area took into consideration the place and closed the porch in the house and expanded the living room.
Today, of course, the neighborhood is the Neve Amit neighborhood of Rehovot, one of the equals. But my grandmother who is in 95's view still enjoys the large living room and the balcony?
Striped real estate stories there are quite a few .. We are real estate people I have an entrepreneurial construction company and investment in Afula .. A company that builds quite a lot of housing and commercial and office buildings and Tama deals .. The last two years also invested quite a bit in Chicago .. The business of this business is full of transactions You wanted and missed for such and other reasons or we bought cheap we sold a little more expensive and since then we have done full rounds .. What I wanted to say is three main things .. In life in this business you must not cry for spilled milk.
2- If you earned and the other earned after you is the best thing that can be - that everyone will earn it is a blessing they will always invest in you.
3 - Should work with the gut feeling about numbers and talk and fears around can be overcome with a proper gut feeling. Good feeling and faith is a winning recipe.
There was some talk about ancestors here so I will note that I am also a son of someone from the real estate field whose over thirty years her son has invested and made quite a few successful contractors and entrepreneurs today. A friend, a humble dad, and an amazing mentor who passed away about 4 years ago on one clear day without warning. We continue our way and try the trees modestly in the belief that He guides us .. Before every deal in my mind is involved. You always have to think what he would say and do .. Blessed be God today, we have not been wrong, that you will continue to do good to everyone good faith and not forget that without missing you can not succeed
In the year 1990, my mother bought an apartment in a new project called "L Green" in the L. program. So it cost about $ 135,000 (yes, that's another period when you count in dollars). Five years later, when there was about $ 40,000 left in the mortgage payments, she feared that she and my father would not be able to continue paying (then a freelance, well-known modelist (jewelry designer) on Allenby Street in Tel Aviv). A decision was made to sell the apartment, so it would look like a big profit - $ 270,000.
Today, who knows, a 5-room apartment in the L program is worth a little more…
At the time of the sale, I was 17. I recently asked my mother why I was not allowed to help with her mortgage payments? After all, I worked after school and earned NIS 4,000, which was a considerable amount during this period… It turned out that she did not want me to know that she was afraid that they would not be able to pay.
(Since then, she has done the rest of the real estate transactions solely for the amount that was in the bank, without mortgages)
Seventies. My parents bought an apartment in Ramat Aviv from savings they had accumulated through hard work, and my father, who was self-employed with employees already at the age of nineteen, could have bought another apartment in Ramat Aviv, but instead of investing in a business, he was looking for additional income. On the face of it, a good idea. The options were a store in Nachalat Binyamin with a key fee or an owned store in the central station which was to become the largest and most successful in the Mazat. Unfortunately my father is no longer with us but on his face I can understand his decision in light of the promises. Even today we see real estate companies that make promises like "guaranteed return". In short, from there everything is known and until today it fell to me to take care of this story that is not yet finished. Obviously such decisions are fateful and one choice can change an entire life course.
Ido Neuman Ahla Post. Some thoughts that come up to me from reading friends' stories
When you miss a chance, do not miss an opportunity to learn.
In the end, we look back on life and regret what we did not do much more than the things we did and failed.
The first thing on the way to any success is to believe.
Dear friends - Real Estate was revealed to me, and asked that just as we maintain with him in the real estate church a three-to-one ratio between advertising and value, for every striped transaction at least three successful transactions should be made and most importantly see this as tuition next. Successfully ?????
Lior Lustig I remember this story from our conversations. Stunning!
Need to do a real estate story festival ??? ️ ?? ️
The year 2007. As part of a profitable real estate course at Cashpalo College, the lecturer was Haim Levi Mandalen in jeans before anyone else knew him. About the third lesson, I already started looking for deals below the market price and of course among other things I checked with receivers. I came with previous experience, so I didn't wait for the end of the course. I found a deal for six units in two buildings in Netanya on the Winter Pool near Ir Yamim with an open view to the sea by a contractor who went bankrupt. Four penthouses with a 170-meter balcony, a five-room apartment and a 160-meter garden apartment. The deal was all or nothing. I organized a buying group within a week of the students of the course. I organized an ultra investors meeting with a rich investor who lives in a luxurious penthouse on the cliff coast. was blown away. I built a software that in real time shows each buyer during the auction how much he is paying for the apartment he chose and with the push of a button we could increase the price by one percent. My group did not agree to pay a price of NIS 700 for a penthouse. My brother and I agreed to pay 1.2 million to Penthouse at our expense to raise the total bid but we could not raise beyond that due to lack of cash. Another investor took all 6 units for NIS 4 million! Today, each such apartment is worth about NIS 4 million. What does this teach me? The investors you take with you to the deal make the deal just as much as you do. Everyone today eats the hat. I continued to initiate and create great deals and I also learned a lot from each successful or unsuccessful deal, so I simply took it as a lesson to continue and not take things too hard - there are always more deals to do, but for many of them this could have been a once in a lifetime opportunity.
Excellent post and story stories 🙂
In 2004 I considered buying a 3-room apartment 250 meters from Ben Gurion University. The apartment was in a terrible condition and Shevahs lived in it at the time, so the landlord asked for 150,000 before we started haggling.
I got cold feet and today the apartment is worth three times the price… ..
My father had an apartment in Neve Sha'anan in Haifa and about 15 years ago he sold it at a ridiculous price, even for the period of that time it was nothing. Simply because "he did not have the strength to mess with her." Without a doubt today would have been worth half a million more. Oh if I only understood then what do I understand today?
About twenty years ago I was a student at Ben Gurion and student apartments cost about 100 / 120K NIS I tried to pressure my father to buy three or four apartments but it would have seemed like a dangerous launch to him, today the apartments cost 5 times more or more…
As for the rabbi, he also thought about 7 years ago that it was a mistake, did I develop intellectual independence on the subject?
Another story of my parents:
About a year ago, my mother and her friend wanted to buy some stores in a developing commercial center in north Tel Aviv. They wanted to buy and make pizza or mini market from a few stores or rent to others.
My late father (as mentioned who was invested in gold that was at its peak and fell completely did not understand the potential in commercial real estate) made her give up on the idea… The prices of the stores were around 20 shekels per store or less.
This shopping center is the Schuster Center in Ramat Aviv III, where today every store is worth millions.
??
there is!
My mom and her brother sold their aunt's stunning home in Boston because they did not want to mess with his upkeep. So sold fast fast. A house that appeared in magazines (once just read it, there was no more internet…?).
If only they would own it, a home worth a lot, or at least not spend it all on financing trips (but hey, no price for experiences)…
In the 50s, my grandfather used to buy land in Tel Aviv, Herzliya, Holon and Azor. Save food from the children to buy land for the redemption of the country, Yemenis of old :-). Over the years, each time they sold an area of land to finance large expenses such as a wedding, traveling abroad to visit family. At the end of his days, he was left with only one dunam in Holon, which was also allowed for construction only in the last year! Almost 60 years after we bought it.
My grandfather immigrated from Yemen and lived in the center of Holon and wanted to give him as a gift 2 houses in a sought-after area in Holon as well because he was a very respectable person, and he did not want because he "satisfied little", the innocence of that generation ..
I will give another one…
Year 1978 .. My parents are getting married .. My father saved money for the apartment and wanted to buy a room 5 rooms in the Bavli neighborhood in Tel Aviv.
My maternal grandfather brought as a gift an apartment on the street at Ramat Gan… near Ramat Amidar…
Guess what happened?
My father gave up the apartment and bought a Beetle car.
?
Funny that all real estate investors are perfect only grandparents made mistakes
Three years ago I was negotiating for a home in a developing US neighborhood. I wanted to buy below market value. At the time I could buy at 75 when I wanted 70. A really small difference. Today these houses are worth 150.
My grandparents (the late) were owners of a large area!!! Many acres, I don't remember exactly how many. They sold the land for Nazid Adsim because they wanted to go to visit family in the US and travel a bit, and that's how they financed this trip... Two not many years later, they built the new neighborhoods of Ramat Yishai on this land... The person who bought the land from my grandfather became a very stubborn person the few…
Ido You can not open the files you sent to conference lectures. Thanks
My late father and my mother (may you live)
Bought a cottage in Shikun Dan Tel Aviv when I was born. The gold was at its peak at the time, and my mom offered my dad to buy the whole quartet of cottages that were at a cheap price - a house for each child (3 kids) and one more of them.
My father decided to continue investing in gold, which of course plummeted to the floor in the downfall that followed, and they bought only one house at the time to live in - my childhood home.
I could now own a single-story, three-acre, three-story villa built in northern Tel Aviv worth over NIS 3 million.
We won't talk about leveraging it over the years.
It did not happen, Nonsense, the generation of yesteryear did not always understand the meaning of the cheap real estate that once was.
It's clear to me that my grandchildren will also wonder why I didn't invest in Bitcoin and Ethrium when it was just starting out.
Not bad… We will achieve this alone 🙂 There is somewhere to aspire
Ahla Yozma Ido, it hurts to read the stories, and to think about the size of the missed opportunity
Oh, oh, some terrible missed stories
Ahla Ido. When my grandfather came to Israel they immediately gave him an 3 dunam on a hillside. He came from Russia. socialism. On the same day, he transferred the lots to the ILA. The same place today is called the Western Side with the sea view in Zichron Yaacov.
In the 70's my father was offered to buy a private house with an area of one dunam at a subsidized price (IDF disabled) when my mother who grew up in the same area heard about it, she said it was a transit and although it was a funny price there was no way they bought a house there and she was convinced the money would go to waste. This passage is called Raanana
Second story… same grandfather..another customer… land in return…
My grandfather rejected..and later it was an area in State Square…
Even though I think that maybe my grandfather was right here
So like this..many many years ago..my grandfather had a client, my late grandfather was a well-known accountant ..
The client was in cash flow distress and offered my grandfather land in Tel Aviv once.
My grandfather wanted a hand in hand and rejected the possibility.
Later the land was the area / area called Dizengoff Square.