A real estate veteran with more than 35 years of experience, Mayer Separzadeh is the sole owner of Action Investment Group, which focuses on property acquisition, development, and management in California. Mayer Separzadeh’s notable projects include the development of a distinctive wholesale fashion mart in Los Angeles.
Success in real estate development begins at the planning and research stage. Clarifying financial goals and creating a concrete plan helps to optimize chances for success, while developing a network of real estate professionals and other industry veterans enables you to glean valuable feedback on goals and strategies.
When it comes time to purchase a property, look for a price that optimizes profit. By bargaining purchase price to around 20 percent below market value, buyers create the opportunity for greater returns. Buyers should consider purchasing distressed properties or properties in areas with falling house prices, especially where markets are expected to improve. Moreover, working with construction firms to build residential homes often affords financial incentives, such as tax credits.
