Join Steve Fierros and his co-host, Matt Callihan, as they chat with Hadar Orkibi about his transition from investing in real estate in New Zealand to the United States. Hadar is the Principal at Multi-Family Investment Holding and Make It Happen Mastermind. He shares a lot of golden nuggets in this episode; they also tackle the importance of lender relationships, stress testing, five elements of a successful business, and other great topics to learn to improve as an investor!
Stress Testing in Real Estate
As a new wave of coronavirus hits the United States, it is difficult to predict what will happen to the state of the market and economy in the next months. There are a lot of things that are out of our control, particularly during this pandemic. In these times of crisis, stress testing is vital to prepare for any possible downturns in the economy. Failing to predict potential problems will have a huge impact on your business that could have been easily avoided if planned ahead. Stress testing gives you the ability to assess and prevent future concerns. This gives you the opportunity to avoid or lessen the damage of a certain problem and look for better choices. Don’t take it for granted and skip this process, especially to your asset management.
To keep moving forward and adapting to these situations, developing better strategies, systems, and doing your due diligence is essential. If you also want to make sure that your underwriting and stress testing is done efficiently, ask for help from another person who will look at the possible holes in the evaluation. Communicating with your team about the outcome of your stress testing is a big part of it.
About Hadar Orkibi:
Principal at Multi-Family Investment Holding and Make It Happen Mastermind Group
A US Citizen, full-time Property Investor, and Trader. He has invested in Real Estate for over a decade with a focus on Multi-Family Apartment Buildings that have value-add upside potential.
Hadar Invests in Multi-Family Residential and Commercial Real Estate and is a regular contributor to the NZ Property Investor Magazine. Hadar participated as a guest in NZ and US Real Estate Investing podcasts.
Specialities: Asset management. Investment underwriting. Project Management – PRINCE2 ® Certified.