Business
When Rafi Mizrahi was fired from his full-time IT job due to the crisis in Israel, he took inspiration from the famous book, Rich Dad, Poor Dad, burned all his bridges, and launched himself into the world of real estate investing. After two years of buying properties in Israel, Rafi realized what incredible opportunities could be found in the USA. He educated himself on real estate investing in the USA, bought his first property here, and developed a system for buying real estate abroad. After over 300 transactions, consisting of fix and flips, wholesaling, and buy and hold, Rafi shifted to a more scalable approach by focusing on multifamily. He has now syndicated almost 800 units in total. Today he joins us to discuss how he got over the mindset of investing from another country and how he built a team to help him complete his 300 transactions. Listening in you’ll hear what role Rafi plays in his multifamily deals, how he manages the timezone difference, how travel limitations caused by COVID have impacted his business, and how he overcomes the challenges of not being face-to-face very often. To find out how he sources most of his deals and what he does differently to separate himself from the herd to get 200+ unit properties under contract, tune in today!Key Points From This Episode:An introduction to Rafi Mizrahi and his career in real estate.How getting fired, together with the influence of Rich Dad, Poor Dad, led Rafi into real estate.How the recession led Rafi to invest in real estate in the USA.How Rafi educated himself on real estate investing and bought his first property in the USA. Rafi explains how he got over the mindset of investing from another country.Insight into how he built a team to help him complete his 300 transactions.What role Rafi plays in his multifamily deals.How this is Rafi’s full-time job and how he sees it as a business, not a job.What makes up a normal day for Rafie and how he manages the time difference. Insight into how he sources most of his deals and the challenges of not being face-to-face very much.How he visits the USA every two months and how this was affected by COVID. Some of the things that Rafi does differently to separate himself and get 200+ unit properties under contract.The one business tool Rafi couldn’t do without; honesty.How taking an agency loan that led to paying a penalty was one of the biggest investment mistakes Rafi has made.How Rafi is growing his life to the next level.Links Mentioned in Today’s Episode:Rafi MizrahiProud Communities Rich Dad, Poor DadBigger PocketsLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupGarzella Group