Building a Real Estate Empire from Scratch with Saul Levy
Manage episode 354748492 series 3279960
In this episode, Saul Levy shares his experiences as a managing partner at PR Residential, a private equity group specializing in multi-family real estate in the Southeast US. He discusses taking risks for reward, believing in oneself, and transitioning from oil trading to real estate, even amidst the 2008 financial crisis. Saul and John also share the story of launching a fund for quick capitalization and wealth preservation for investors. Listen for inspiration and practical advice on risk-taking.
[00:01 – 10:00] Opening Segment
- Saul Levy leads PI Residential, a private equity firm acquiring institutional multi-family properties in the southeast US
- Founded in 2009, the company started as a property investment advisory firm and later evolved into multi-family acquisition
- Saul runs the acquisition division, while his brother runs operations and cousin runs capital markets
- Saul's background shows entrepreneurial drive and success as an immigrant in the US
[10:01 – 21:08] Reinventing Yourself in Business
- Reinventing oneself is crucial for success, especially in an entrepreneurial setting.
- Finding the right business to get into requires research and exploration
- Taking advantage of opportunities in real estate can lead to successful ventures
- Adaptability is key in overcoming business challenges, such as the financial crisis in the real estate market
[21:09 – 32:24] The Importance of Honesty, Fun and Reputation in Business
- It's important to have fun in your business, as it is not sustainable to be in a business that is not fun for a long time
- It's essential to have honest intentions and always do the right thing, as this will lead to a good reputation and legacy
- Sometimes it will not be all fun and games, but as long as you do things right, time is on your side and you'll be able to keep moving forward
- Your reputation is everything, and treating your employees well will result in a positive impact on your business in the long run
[32:25 - 48:05] Closing Segment
- See the links below to connect with Saul
- Final words
Quotes:
“Work gives you dignity more than money. That's the most important thing to gives you dignity. It makes me purposeful to make you somebody that's contributing to society that you're building something.” - Saul Levy
“As long as you do things right, as long your intention is always honest and correct, time is on your side, you'll be able to stand up, pick up the pieces and move on.” - Saul Levy
“All we have in this world is our reputation” - Saul Levy
Connect with Saul:
Website: https://piaresidential.com/
Social Media: LinkedIn
Know more about John and Francisco by visiting www.Peak15Cap.com. Also follow them on Facebook, Instagram, and LinkedIn.
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