How an Experienced Real Estate Professional Lost a Million Dollars on a Small Apartment Project

By Gil Short

The author is a late middle-aged real estate professional. He has 30+ years of experience in various aspects of real estate, mostly commercial real estate. He is a Certified Property Manager, a designation bestowed by the Institute of Real Estate Management after accumulating countless hours of education and practical experience. At one point, the author held real estate broker licenses in 6 states. Also, he is a Certified Public Accountant. He is not stupid, despite having done something very stupid.

The author has been president of a residential property management company that owned and/or operated over 10,000 units. Rental revenue exceeded $80 million. We had 450 employees. He lead the business development team that acquired over $370 million of properties. He knows what he is doing; but he still lost a million dollars on a small apartment project that he bought for my own investment. Maybe he can help you to avoid some very obvious mistakes, in hindsight.

• Language: English
• Publisher: Gil Short
• Release date: Jan 11, 2014
• ISBN: 9781310382321

Book preview

How an Experienced Real Estate Professional

Lost a Million Dollars on a Small Apartment Project

$10 May Save you $1,000,000

By Gil Short

Smashwords Edition

About the Author

The embarrassed author prefers to remain anonymous – Gil Short is a pen name. However he has over 30-years of real estate experience and offers the following credentials:

•Certified Public Accountant

•Certified Property Manager

•Licensed Real Estate Broker

•For 18 years ran a multi-family management company that had $80 million in annual revenue

•Lead a team that acquired over $370 million of residential real estate over a 3-year period

•Now has $1 million less than he did prior to acquiring a small apartment project

Table of Contents

Premise

My Credentials

The Basics of the Transaction