Repositioning Distressed Multifamily Assets with Max Sharkansky | The Real Estate Investing Club #49

Want to become financially free through real estate? Check out our book on jump starting a cash flowing real estate portfolio at https://www.therealestateinvestingclub.com/real-estate-wealth-book In this episode I interview Max Sharkansky, co-founder of Trion Properties. Since founding Trion Properties, Max has led the acquisition, renovation and disposition of over $300,000,000 in mismanaged and distressed assets, primarily in multifamily, yielding an average IRR in excess of 30%. Max launched the foray into investments with two acquisitions of value-add multifamily properties in 2005. Following the first two closings, Max, along with partner Mitch Paskover, created the platform and formed the Company in 2006 to execute a business plan of acquiring mispriced and mismanaged properties throughout Los Angeles. Max led Trion in the execution of several acquisitions in its first two years of existence and exiting the portfolio prior to the economic crisis. With cash on hand and no resources tied up in workouts, Max assisted in implementing an acquisition strategy of targeting distressed debt secured by multifamily, and distressed multifamily REO's, which led to the ultra-successful campaign of the acquisition of 20 properties throughout the downturn. Since the recovery and the clearing of distress from the marketplace, Max has shifted strategies to the acquisition of value-add properties where value can be created through extensive renovations, hands-on management, and improvement of operating efficiencies. Max has great advice for investors, so strap in, grab your pen and paper and enjoy the show. Want to connect with the guest? Check out their LinkedIn profile here: https://www.linkedin.com/in/max-sharkansky/ Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our course at https://www.therealestateinvestingclub.com NETWORK -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264 READ -- Want to read the best of the best real estate books? Check out our list of the best books on real estate investing: https://www.therealestateinvestingclub.com/resource PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at [email protected] or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-services WATCH -- Want to watch our YouTube channel? Click here https://bit.ly/theREIshow LISTEN -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.comSend us Fan MailJoin the Online Community here: https://linktr.ee/gabepetersen.Support the show