Sam Liebman (Developer/Property Owner)

Owner of 70+ Properties 🏢 | 30+ years in Real Estate 📈 | Author 📚| Speaker 🎤| Passion for Creating ‘Street Smart’ Millionaires 💵

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@jaymart222 The political class doesn't understand the cost of doing business. Landlords aren't motivated to work on their apartment improvements because it's become a lose-lose situation for them.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent Like anything else, you need to put the work in and have it become part of your lifestyle. I believe in Gladwell's 10,000 Hour rule. Put in the time and effort and your chances of success will increase.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@CGasparino @huntandfishnyc @CoastalAdvisors @JustinTuck @BraffNelson Great dinner with incredible people! Great food as well!

[Charles Gasparino @CGasparino]

Great dinner last night at @huntandfishnyc plus a thrill to be meeting up w "Big Daddy" Rich Salgado of @CoastalAdvisors, Sam Liebman, 2-Time Super Bowl Champion @JustinTuck, H&F owner @BraffNelson and Christian Hakim

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@jaymart222 Also, NYCHA is the worse landlord in the city. You need to incentive people to invest in housing. Writing blank checks has never solved the housing crisis.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@jaymart222 It's going to be a very difficult winter.I don't see how owners are going to be able to make it through.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent I would also add sometimes you gotta get on a plane and meet people if you want to make money. Very few want to go that far. I did this during the financial crisis. I went to Austin and Dallas and found life changing deals for my firm.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent True(LOL). Another thing that concerns me is when everybody gets off the sidelines to buy property, institutional investors will simply outbid smaller firms and we won't get values as cheap as we thought we would.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent This is why getting investors is going to be so difficult with rising interest rates and owners who will never budge on their property values.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@jaymart222 @alykatzz @BrianLehrer @NYCMayor With skyrocketing construction costs. Energy costs skyrocketing, why would anyone invest in rent stabilized housing with this politicol climate.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@jaymart222 @alykatzz @BrianLehrer @NYCMayor The policies the city and state think are helping are actually hurting the people they want to help the most. We need more housing to be market rate to solve the housing crisis.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent Most deals come through personal relationships you make that take many years. nobody has patience anymore. It's the era of instant gratification.

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

Change the rent laws!

https://t.co/aAJKHc21uZ

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

In 2019, RXR took out a “Special Perils Business Interruption” insurance policy which apparently covered ​​“infectious or contagious disease.

https://t.co/P9E9xqN6k0

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent People are living this reality every day are realizing it while the people on the outside aren't... a real disconnect!

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@Flip_himself @realEstateTrent Correct

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

@realEstateTrent I have an old partner who refuses to go down in price with any tenant. He has a strip mall that has 3 vacancies and has had businesses that are interested in spaces, but he refuses to offer any TI or rent concession. Very stubborn man!

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

extension option we previously discussed.
Credit has decided that the current rate for this type of transaction will be 5.50% for the 1 year term. Please note this is still significantly lower than
our current commercial rate of 6.50%.”

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

🧵Banks are pulling financing after issuing a commitment and receiving executed documents.

After signing documents for a 1 year mortgage extension we received this email.

“Based on the current raising rate environment, we can no longer honor the 4.75% rate for the 1 year

[Sam Liebman (Developer/Property Owner) @TheSamLiebman]

I predict a shortage in construction superintendents. This will only make building in NYC more difficult. Regulation is getting out of control.

https://t.co/dhVb5NSDNz