Why You Should Never Sell a Rental Property with Moses Kagan

"If you own a beautiful building that's newly renovated
with all new systems, in an improving area, why would you sell
that? You're much better off, levering it up, using the proceeds
of the loan, to return some capital to your investors and
allowing the rents to rise over time and therefore the value to
compound tax free. " - Moses Kagan


A lot of real estate deals are designed to quickly flip
properties — resulting in a lot of mediocre deals. 


But in certain markets, if you buy quality properties, this is
the opposite of what you want to do.


Because when you have great assets, don't sell them.


So says Moses Kagan, Partner at Adaptive Realty, the real estate
private equity firm buying boutique Los Angeles apartment
buildings they never plan on selling. 


In this episode, we discuss:


What conditions are right for a permanent-hold mentality

The advantages of developing smaller properties into
apartments

How to quantitatively evaluate deals in a market like Los
Angeles



Check out these resources we mentioned during the podcast:
Kagan's Blog


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