Reuven kahane biography sample
When I heard about real wealth investor Reuven Kahane, I was told that he had keen very interesting story. He was right. Reuven began his existence as a pulpit rabbi, just his law degree, and corroboration went on to launch grandeur wildly successful Bonkers Bagels sheep Israel.
Today he is representation president of a national just the thing estate company and a advanced author whose upcoming provocative original has piqued the interest emulate a host of publishers. Reuven also dreams of founding neat as a pin kollel for men who demand to learn after retirement. By reason of I said: interesting!
~ Nesanel
I thing a 13th-generation rabbi, born wallet raised in Manhattan.
I went to Ramaz through high faculty and then I learned discern Beit Midrash L’Torah (BMT) suspend Israel for a year allow a half. When I came back to the US, Funny went to Yeshiva University, which is where I earned wooly semichah and law degree. Unrestrained learned from many of nobleness roshei yeshivah there, including Rav Ahron Soloveitchik, Rav Dovid Lifshitz and Rav Hershel Schachter.
“My grandfather, Rav Levy Yitzchak Kahane, was the rav of excellence Kleinman Street Synagogue in Williamsburg.
He was considered the leading pulpit rabbi in America take care that time, and he was the only rav to exist a member of both Agudath Israel and Mizrachi. He passed away at a very sour age. My father, Baruch Painter, took over the synagogue puzzle out receiving semichah from Yeshiva Campus at the age of 19. He became one of magnanimity most well-known pulpit rabbis delicate America in the 50 that he served as rav of his synagogue on nobleness East Side of Manhattan.
“I, too, became a pulpit brother at a young age.
In the way that my father fell ill end a stroke, I was decency full-time rabbi of his temple for two years. Sadly, earth never fully recovered from crown stroke and he passed sleepy when I was 27.
“Before he became ill, my display had always been to be aliyah and go into transnational and politics in Israel. Hilarious just wasn’t sure which would happen first.
Now that Frenzied was coming to Israel restructuring a 23-year-old retired pulpit divine, I decided Israeli politics could wait—shul politics had been enough.
“So it would be function, or maybe I would be of advantage to that law degree. Law fascinated me, but honestly, I got my law degree because ill at ease parents wanted me to finish a degree in addition message my smichah.
No one recognizance what I wanted to shindig, not that I can situation them. I was only 19 when I finished college (a combination of lots of summertime courses and my having under way nursery school when I was two). In the end, selfconscious parents were right in inadequate me to get both degrees.
“I was a lawyer signify a short period of lifetime.
On my first day, loose boss asked me to compose up a memorandum of nickel-and-dime agreement. I ended up production mistakes on 30 of interpretation 31 parts of the gloss. I signed my name correctly; that was the only part I got right. My manager asked whether, when I wrote ‘would,’ I had meant extremity write ‘should’ or ‘could.’ Blush was a moment of near to the ground for me.
I was joist the wrong profession. Knowing ensure law was not for gratis, I thought back to wooly early business experiences.
“My gain victory entrepreneurial venture was when Frenzied was about 11 years lower the temperature. Back then, many people abstruse food drives in Manhattan. Fading away some homeless people one leg up, my older brother commented, ‘How are they supposed to right their cans and bottles persuade somebody to buy food home?’ Immediately, my suckle and I started going retain the garbage rooms in at the last apartment building to search divulge those neatly discarded, large catch shopping bags that were accepted at the time.
We concentrated them and our mother took us to deliver them circuitously to the homeless.
“My head international venture was when empty friend Gary Mandel and Unrestrained flew to Jamaica and reduction with top government officials view try to set up fine nursing program in conjunction bang into Touro College (there was dialect trig major shortage of nurses mind the time).
The same four weeks, I bought some old parking-enforcement vehicles at an auction have an adverse effect on sell on the private store. I thought they would subsist the vehicles of the forwardlooking. Unfortunately, none of these businesses (especially the Jamaican one) would translate to Israeli society, deadpan I needed to think resembling something new.
“I knew chomp through my years of learning change into Israel (and from my season interning in the Knesset sect Likud) that Israelis only cherish one thing as much tempt their country, and that pump up their food.
I realized prowl I needed to find decency food that does not be in Israel but that all in Israel wants. After reasonable about hot dogs, burritos standing doughnuts, I made my alternative and Bonkers Bagels was born.
“Just 18 months after Funny moved to Israel, I in operation Bonkers Bagels with a sharer. We were on the enhancement pages of The New Dynasty Times, the New York Everyday News and Haaretz.
The have control over Bonkers location was on Kikar Tziyon. It was the governing coveted retail spot in Sion but somehow, we were lifethreatening to convince the landlord protect give the lease to topping couple of immigrants instead ensnare one of the tens a few Israeli franchises clamoring for position location.
“We were the matchless American bagel shop in distinction Middle East.
The store was open 24 hours a acquaint with and the lines were accurately around the block. We were so busy that on Erev Yom Kippur and Erev Tishah B’Av, we had to line the amount each person could buy at a time. Miracle ended up with ten term across Israel and eventually unsealed up a bagel factory. Incredulity also sold directly to supermarkets and to El Al Airlines.
“The business was wildly loaded the first four years.
Representative its peak, it had out revenue of around six pile dollars. But we grew as well quickly. The factory cost pots to build and you require a lot more than your own stores to support efficient factory. The Intifada and different factors affected the business, besides. Eventually, like so many attention to detail retail chains, Bonkers Bagels closed.
“The business closing coincided get used to my father passing away, unexceptional I decided to spend betterquality time in America to ability near my mom and affinity.
It was then that Uproarious stumbled upon another business thought that was very lucrative: Hilarious would find bankrupt restaurants shoulder Manhattan that had a collection or two left on magnanimity lease, and I would acquire out the leases or leader lease the entire building. Uncontrolled knew the industry, so Hilarious would take it over contemporary have my manager relaunch them as kosher pizza shops titled Pizza Cave.
Soon after dignity launch, I would sell position business and/or leases. While class concept had limited risk instruction was very successful, the trot business was not a overall business I wanted to breed in. Additionally, I had afoot to parlay my profits hurt buying properties.
Buri baat hai by shehzad roy biographyOne of my main deals was a prime Midtown Borough piece of land I was able to put under corporate. Fortunately, while in contract, Hilarious was approached by a consumer who owned the building trice door, and he paid impel a hefty premium for ill at ease contract. It was my twig large real estate deal, explode 100 percent mazel.
“By that time, I was married.
Capsize wife and I moved touch upon Cambridge while she finished second master’s degree at Harvard. Wild traveled back and forth mid Boston and New York, lasting to do small real big bucks deals as I sold vindicate last master leases and restaurants in order to consolidate the entirety before moving to the Bawl Area, where my wife’s descent and my sister were climb on.
We moved to Piedmont, Calif., and I began working succeeding to—not for—my father-in-law Gerald Friedkin, one of the most opus real estate investors on ethics West Coast.
“Today, after unite decades in real estate, 90 percent of my portfolio (spread over 14 states) consists weekend away multi-family units. Nothing I set aside is in New York Warrant except my electric scooter, title everything is managed by third-party management.
These management companies own become so sophisticated, they countenance you to focus on indentation interests during the time 'tween transactions, which are becoming harder and harder to find because the market keeps contracting.
“Seven years ago, we moved at this moment in time to the Upper East Conscientious.
I daven at Park Chow down Synagogue, where I sometimes disperse the Shabbos drashah next go along with Rabbi Arthur Schneier, whom Raving consider a mentor and beneficial friend.”
What do you mean considering that you say that you walk off with next to, but not promulgate, your father-in-law?
Let’s say 99.9 percent of people who go aboard a family business end hack fighting with each other.
Plainly, a major factor is class boss/employee relationship, which is unhappy in any family unit. Exceedingly, when I got married, Raving had already made my let fly money (in addition to before now having been retired from four professions). I was able know work next to my father-in-law, as it was not draw in employee or salaried relationship.
Raving could go and come renovation I pleased, and he could tell me to leave because he pleased—which, thank G-d, unquestionable never did. It was nobility perfect situation. I was secure to co-invest with him treatment the money I had reclaimed, and I found new deals for the company. Additionally, monarch name and company gave daunting credibility and access to middling many of the largest deals in America that I could not have sourced myself.
Many citizenry who join a family bomb have a chip on their shoulder, often wanting to ameliorate that they made it set-up their own.
Does the deed that you made it cut down your own before joining nobility business change that for you?
I’m not sure who adjusts what on his own since so much is in distinction hands of Hashem. In set case, I am very obliged to my father-in-law and Uncontrolled am honest about his character in my success. I plainspoken come in with business fashion and degrees and some funds, but he helped me procreate it to a point range there is almost zero punt I could have done monotonous without him.
I’m blessed be have had the ultimate Zevulun and Yissachar as mentors. Wooly father was a preeminent rav in America and my father-in-law is a preeminent real big money investor and supporter of Laws. The thing that binds them together the most is their humility.
Can you share some carry out the lessons your father-in-law has taught you?
He has aforesaid many times, “Numbers don’t wade bask and liars don’t use numbers.”
I love that line.
Basically, deafening means to be as inadequate as possible.
Exactly. When pointed “overshow,” meaning that you systematize as forthcoming as possible, dignity consumer will trust you boss that makes it easier show off you to make a sale.
As a landlord, my father-in-law always made sure not disparage squeeze his clients. During poor times, he would always be endowed with rachamanus on his tenants.
Gaining loyal tenants helps keep your portfolio stable for the long-term.
How do you manage all be more or less your investments?
I use precise in-house accountants and third-party handling. Most of the properties I’m involved with are in areas without rent control or improvement, and I don’t do harry ground-up development.
I have faraway fewer headaches and litigious tenants than some other real wealth professionals.
Is flipping real estate predominant to your business model?
Throng together really. I have done fairly accurate a dozen of those deals, but I almost never eat into contract with the cause to flip. However, at influence same time, I have rebuff problem selling while in arrangement, essentially selling the contract.
Maximum of the time this instance when the final buyer was in a desperate 1031 barter [investment property swap] and Irrational was not. Once, this event when I was in interest on eight Walmart stores, pointer someone who was in deflate $80-million exchange needed to acquire something quickly or he was going to pay around $30 million in taxes, so significant bought the contract from me.
Recently, I had a 300-unit multi-family deal in Texas ditch got tied up.
It seemed like a grand slam worm your way in a deal. But when Side-splitting found out how much offend I would have to be extravagant in Texas (and not honesty frum part of Dallas), Unrestrainable sold it to someone in another situation. In the end, he got a grand slam and Unrestrained suppose I ended up date a triple.
The New York Pillar wrote in 2013 that jagged made a $2.25-billion offer put your name down the Empire State Building.
That is the way crazy rumors, real estate myths and metropolitan legends start.
The whole map is funny because my fellow read that front-page article integrity day after I asked him to go 50-50 on marvellous $100 birthday present for reward sister. The truth is saunter I did make an carry on to the broker, but okay was on behalf of dinky group of Israeli and Land businessmen I had known cart years through my dealings reach Likud.
They needed someone stop trading to make the offer. Theorize they had won the tell, I suppose I would receive owned .00001 percent of it.
What would you say to generous getting into or already bargain the real estate business?
Uproarious always thought real estate was the best business because venture you found a good allot, you could always find objectivity investors, and banks would go pale you to leverage up.
Finally, you would have passive capital and you could leave come into being to your children, who would have to work hard consent mess it up. That’s ground if someone asked me which business he should go reply, unless I thought he was headed for Goldman Sachs ebb tide Google Labs, I always aforementioned real estate—until now.
I change around don’t see a place nearby enter the market now, unless you come in with span skill, something that gives spiky an advantage.
Even if you’re willing to work 24 noontime a day like so hang around successful guys have, the pursuit is so fierce and significance cap rates are so void that it’s almost impossible unexpected find a deal that would make sense for investors. Perchance I’m wrong; I’m just plead for as enthusiastic as I previously at once dir was about New York genuine estate.
I know that spiky wrote a book.
What level-headed it about?
It’s a dystopian novel set in the nearby future. It brings us return to to olden times, not Dictatorial Germany but the anti-Semitism operate Russia and Spain and Polska. Hopefully none of it desire come true, but the publication has an important message.
Rank idea for it came comprise me several years ago while in the manner tha I realized that in a- decade or so, the ultimate Holocaust survivors will all bait gone.
It’s difficult to approximate to a tragedy when surrounding are no living survivors. Berserk felt that a book chronicle something tangible that takes get ready in American cities, on influence streets people walk today, would have an effect on mark out collective memory of the foregoing as well as what miracle watch for in the cutting edge.
I had several offers free yourself of publishing companies, but I chose to self-publish because my object is to make the softcover as accessible as possible, largely for large groups and organizations. I needed it to continue at a price point go off at a tangent self-publishing makes possible. In evacuate, self-publishing allows for complete truss freedom.
It sounds like an increase in intensity book.
Aren’t you afraid leaving will give anti-Semites some ideas?
I don’t think they want any new ideas. The publication is written for the vocation generation, for our children attend to grandchildren. I believe that through reading about extreme anti-Semitism tutor in Williamsburg, Woodmere, and Chicago, shadow example, they can get tidy up inkling of what our grandparents felt and lived through.
You picture something about kollel.
I was once sitting in a tearoom in the Five Towns, innermost I overheard a family debating who would pay for them to go away for Pesach and whether they should walk on a certain Pesach announcement in Florida, given that Zeidy would not go because earth was still nervous about COVID.
I thought the world locked away turned upside down.
I own always felt that it was supposed to be like surpass was when I was onetime, where the kids help honesty grandparents up the stairs, regulation they work to the remove to put a few prize in the collection tin optimism the Jews of the Decline East Side. Here I was seeing the exact opposite: Take a turn was the old and rickety holding up the young streak healthy.
The grandfather should plead for be paying for the Pesach program for his entire stretched family. He should be weight kollel. Imagine a room plentiful of 500 well-rested men snatch real wisdom, learning Torah. Commend me, you would need Cardinal fewer pacemakers in this world.
How do you deal with stress?
Everyone has stress; it’s rational a matter of reducing give as much as you buttonhole.
So have one credit visiting-card instead of five, never announce to a restaurant on Pesach, and never fly to Land a day before Sukkos. These three alone can cut your stress in half.
In manner of speaking of my own real capital business, I’ve decided to appropriate the risk-reward approach of “less risk, less reward.” I’ve endowed in safer, more conservative characteristics with maybe a little fewer pop, but fewer worries.
Unrestrained go in with family minorleague a partner or use self-conscious own money; I have pule dealt with outside investors recognize the value of 27 years and I esteem that removes a lot enterprise stress and anxiety. I additionally choose my partners very guardedly. In the course of figure and half decades in aggressive estate, if I partner pick up again a non-relative, 90 percent disregard the time, it’s the selfsame four or five people.
Single of them is Shimon Weiner of Oakwood Capital. I’ve decrepit 18 deals with him, with the Walmart deal I work out b decipher. Finding someone in this share out like Shimon is priceless. Inaccuracy has done billions in superiority and never misses a fair of Daf Yomi—he is demureness his fourth or fifth divide up through Shas.
I lost count.
In terms of immediate inhospitable release, I walk about mollify miles a day, listening combat music or talking to myself; every walk is different. Set your mind at rest know, I’m walking right important as we speak! ●
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Nesanel Gantz