ATTENTION: APARTMENT BUILDING OWNERS

First, let me introduce myself. My name is Paul Levine and I am a licensed realtor in the State of California. Before become a realtor, I was a practicing Certified Public Accountant for over 50 years. I did not just do income tax returns and general ledgers. No, I was intricately involved in the sale of two of my accounting clients to publicly held corporations, one of them being E I DuPont. I was a forensic accountant and did business valuations and testified in court as an expert witness and negotiated many settlements where we did not have to go to court. I was also an Associate Professor of Accounting at California State University – Los Angeles for 6 ½ years. I am probably the most qualified realtor in the State of California.

When I started out in my Real Estate career I bought and sold single family residences for my clients and I did that very well. The last two sales that I had took two days and one day to sell after the property was listed. But, to be honest, I was very bored. Just like in my accounting career I needed to do something different. I was then approached by a past accounting client to sell a property in the San Fernando Valley. It was a 20,000 square foot parcel with a house on it and 5 retail stores. I put a team together and we explored several options. One was to improve the existing buildings on the property, a second was to build 60 condominiums and the third was to build a 60-unit apartment building. As a Certified Public Accountant, I helped many of my clients purchase and sell property and even helped one or two build property. So, I had experience in this field.

So, now I have other realtors, engineers, builders, attorneys and others who I put together as my team and we build apartment buildings for qualified investors. We find the land, do the drawings and permits, build the building and then decide whether to sell it, hold on to it and operate it, do a Section 1031 Exchange as provided for in the Internal Revenue Code, build it in an Opportunity Zone or do something totally different depending on the needs and wants of the investor.

The investor, THE CLIENT, is the most important person in this transaction and everything revolves around what his needs are. I also, using the skills I learned as a Certified Public Accountant, I make sure the investor comes out of this transaction financially healthy. I take that responsibility very seriously.

And, why should an investor build an apartment building and not buy an existing one. For example, assume that the land costs $3 million and the construction costs are $17 million. Upon completion, a total of 3 years in Southern California, the total cost is $20 million and the value of the building is about $24 million. I just created $4 million of wealth for the investor and you did not pay a profit to the seller. This building will generate a healthy Net Operating Income (cash flow) and the tax benefits will generate deductions, such as depreciation, that will offset other taxable income. Yes, that is a simplistic example but this activity will be considered an active activity for tax purposes allowing you to deduct any losses against other income.

Now, all of this seems wonderful and it is. There is a demand for multifamily housing in Southern California. If you build in an affluent area and put in the appropriate amenities in the apartments the rent per apartment could be between $3,000 and $6,000 per month. I have done the research and the numbers are real. All of you receiving this letter already have apartment buildings and you can see the logic in my explanation.

If any of this interests you, you can reach me at (818) 298 – 4000 or you can send an email to me at PLevineRealtor@gmail.com. I have a detailed package that I can give to you or send to you that will explain all of the above in greater detail. Believe me, you have never met anyone like me before.

Best regards,

Paul Levine, Realtor