Haim Einhorn
Haim Einhorn, key principal and founder of Arbel investments and EFH group, born in Israel in 1955, immigrated to the US in 1979, married with six children.
“Challenge, Creative, Out-of-the-box, result-oriented” are some of the key words Haim likes to use…. “If you have the vision and the know-how, all you need is become creative and make things happen”, Haim says.
Q: What drove you into the real estate business?
A: My passion for real property began to build up since I was playing monopoly as a kid.
Q: ‘Real Estate’ is a broad market, what is your area of expertise?
A: Hotels and multifamily complexes. You can’t go wrong with residential.
Q: You’ve done a considerable amount of rehabilitation in the “art deco” District, why rehab old historic buildings?
A: In the mid 80’s I was introduced to Dr. Adrian Alexandru, a real estate developer from NYC. Adrian acquired multiple residential properties within Miami’s “art deco” district. Adrian had a successful track record and sensed similar potential and upside in South Beach. I completely agreed with Adrian’s vision and identified the potential; it was a challenging undertake. However, I was taught: “if there is a will there is a way” and with hard work we made his dream come through.
Q: Have you met real estate investors that made bad decisions?
A: Yes, investors are human and humans make mistakes, at times they make speculative decisions and let impulse take over. I’ve been asked to assist a group of investors of a prestigious firm that were stuck with a Lemon Investment for several years. I am not a magician nor do I claim to have solutions for all mistakes investors make. However, in this case, the only solution was to find Sugar and turn the “lemon investment” into “lemonade”. Fortunately, mission was successfully accomplished.
Q: What is your definition of a cautious investor?
A: Investors must have basic knowledge in the area of investment. In case they don’t, they should engage with a consultant. A cautious/smart investor should always conduct a thorough due diligence prior of making a final decision. The most expensive mistakes buyers usually make are due to lack of knowledge, leveraged to the max, acting with over confidence and also overpay. Real Estate Investments are not only about Location.
Q: Why have you decided to invest outside of South FL and picked Raleigh, NC?
A: I am a dreamer with visionary abilities; back in 2006/7 when the South FL real estate market turned to a bubble ready to burst, new opportunities were to be found in virgin cities within the proximity to “home”. I studied Raleigh’s demographics, conducted condo-conversion feasibility studies and decided to take advantage of this unique opportunity, which turned out to be of great success.
By Christopher Lloyd – Journalist