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Hochfelder recommends that you research before you invest



Real estate is a business and like any other, it also requires that you plan, analyze, negotiate and manage. If it’s not producing a profit, your business won’t stay in business for very long. Adam Hochfelder has been in the real estate industry for over three decades. As he explains, this business demands a certain level of commitment. But unlike many other businesses, real estate allows you to control your working hours and set your own schedule. The important thing is to set the goals that you want to achieve, and then work to make that happen. Setting clear and specific investment goals will pave the way toward becoming financially independent.

In real estate, objectivity is very important. As human beings, we have the tendency to either like or dislike a certain property. But if you are in the investment business this can be a big financial mistake. That’s way objectivity is the key to success as an investor. Knowledge is the other tool that can save you from sure failure. If you don’t know what is good or bad for your investment, you’ll have to listen to other people’s advice, and rely solely on that. The truth is that nobody cares about your investment more than you. Knowledge can help you become a great investor and provide you with a steady income.

When you consider investing in real estate make sure you research the market. There are hundreds of local real estate markets within the United States, and those markets move up and down independently of one another. Timing is an important element. That means you should invest in a market only when it is advisable, not because you live there or something else connects you to the location. What Adam Hochfelder recommends in this video is that you start by selecting the best markets that align with your investment goals. First choose the city based on the health of its housing market and the local economy, and from there would narrow things down to the best neighborhoods. Only then you can make the best deals within the neighborhoods.

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Adam Hochfelder

Adam Hochfelder was born 1971 and was brought up on Long Island, in Old Westbury, New York. He attended the University of Pennsylvania's Wharton School of Business, from which he graduated in 1993.

Mr. Hochfelder began his professional career while still in university, after his sophomore year, when he took on an internship position at Newmark and Co, a major real-estate services company.

In 1996, Mr. Hochfelder co-founded Max Capital Management Corp and began building his commercial real-estate portfolio, that reached up to seven million square feet, measuring up to holdings of some of the most prominent real-estate magnates. In 1998, Adam Hochfelder was one of the youngest people ever selected to serve on the Real Estate Board of New York.

Thanks to Adam Hochfelder’s exceptional business management skills, his real estate investment firm in NYC reached over $3 billion in assets under management. Under Mr. Hochfelder’s stewardship, the firm added some major acquisitions includin…

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In last three years in New York State, almost three billion dollars were collected from real estate taxes. So that, in 2015, were collected 828.6 million dollars, which means 13 percent less than in 2014, when from real estate taxes 950.7 million dollars were collected.

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Mr. Hochfelder explains that it is the total amount of money collected on taxes, including sale and purchase, inheritance, maintenance and all other types of real estate turnover. Known as the "Wharton Whiz Kid" for his fast rise to fame, Adam Hochfelder has the ability to leverage exclusive deals, fearlessness towards risk and endless ambition. All this helped him generate multimillion-dollar deals as well as …