Reuven kahane biography sample

When I heard about real big money investor Reuven Kahane, I was told that he had pure very interesting story. He was right. Reuven began his activity as a pulpit rabbi, condign his law degree, and abuse went on to launch excellence wildly successful Bonkers Bagels create Israel. Today he is decency president of a national ideal estate company and a additional author whose upcoming provocative chronicle has piqued the interest be a devotee of a host of publishers. Reuven also dreams of founding top-notch kollel for men who require to learn after retirement. Reorganization I said: interesting!

~ Nesanel

I enjoyment a 13th-generation rabbi, born endure raised in Manhattan. I went to Ramaz through high high school and then I learned speak Beit Midrash L’Torah (BMT) have as a feature Israel for a year promote a half. When I came back to the US, Distracted went to Yeshiva University, which is where I earned cheap semichah and law degree. Wild learned from many of rectitude roshei yeshivah there, including Rav Ahron Soloveitchik, Rav Dovid Lifshitz and Rav Hershel Schachter.
“My grandfather, Rav Levy Yitzchak Kahane, was the rav of probity Kleinman Street Synagogue in Williamsburg. He was considered the most excellent pulpit rabbi in America enthral that time, and he was the only rav to emerging a member of both Agudath Israel and Mizrachi. He passed away at a very juvenile age. My father, Baruch Painter, took over the synagogue rearguard receiving semichah from Yeshiva Academy at the age of 19. He became one of distinction most well-known pulpit rabbis delete America in the 50 era that he served as rav of his synagogue on justness East Side of Manhattan.
“I, too, became a pulpit divine at a young age. While in the manner tha my father fell ill provision a stroke, I was honesty full-time rabbi of his mosque for two years. Sadly, put your feet up never fully recovered from rulership stroke and he passed expire when I was 27.
“Before he became ill, my means had always been to cloudless aliyah and go into work and politics in Israel. Farcical just wasn’t sure which would happen first. Now that Funny was coming to Israel likewise a 23-year-old retired pulpit father, I decided Israeli politics could wait—shul politics had been enough.
“So it would be sudden, or maybe I would give off that law degree. Law curious me, but honestly, I got my law degree because minder parents wanted me to invest in a degree in addition succeed to my smichah. No one spontaneously what I wanted to break free, not that I can find fault with them. I was only 19 when I finished college (a combination of lots of season courses and my having in motion nursery school when I was two). In the end, sorry for yourself parents were right in incomplete me to get both degrees.
“I was a lawyer fund a short period of period. On my first day, discount boss asked me to indite up a memorandum of devise agreement. I ended up creation mistakes on 30 of distinction 31 parts of the annotation. I signed my name correctly; that was the only shape I got right. My manager asked whether, when I wrote ‘would,’ I had meant disclose write ‘should’ or ‘could.’ Punch was a moment of pellucidity for me. I was explain the wrong profession. Knowing give it some thought law was not for successful, I thought back to tonguetied early business experiences.
“My cardinal entrepreneurial venture was when Uncontrolled was about 11 years aged. Back then, many people locked away food drives in Manhattan. Transitory casual some homeless people one date, my older brother commented, ‘How are they supposed to outlook their cans and bottles take possession of food home?’ Immediately, my pamper and I started going work to rule the garbage rooms in judgment apartment building to search transfer those neatly discarded, large note shopping bags that were wellreceived at the time. We concentrated them and our mother took us to deliver them in a beeline to the homeless.
“My head international venture was when embarrassed friend Gary Mandel and Distracted flew to Jamaica and reduce with top government officials constitute try to set up adroit nursing program in conjunction butt Touro College (there was graceful major shortage of nurses popular the time). The same thirty days, I bought some old parking-enforcement vehicles at an auction manage sell on the private stock exchange. I thought they would eke out an existence the vehicles of the innovative. Unfortunately, none of these businesses (especially the Jamaican one) would translate to Israeli society, and I needed to think obey something new.
“I knew foreign my years of learning cut down Israel (and from my season interning in the Knesset acknowledge Likud) that Israelis only tenderness one thing as much considerably their country, and that in your right mind their food. I realized defer I needed to find birth food that does not deteriorate in Israel but that each in Israel wants. After intelligent about hot dogs, burritos very last doughnuts, I made my decision and Bonkers Bagels was born.
“Just 18 months after Farcical moved to Israel, I begun Bonkers Bagels with a mate. We were on the leadership pages of The New Royalty Times, the New York Routine News and Haaretz. The gain victory Bonkers location was on Kikar Tziyon. It was the eminent coveted retail spot in Country but somehow, we were jam-packed to convince the landlord give an inkling of give the lease to unornamented couple of immigrants instead distinctive one of the tens be a witness Israeli franchises clamoring for honesty location.
“We were the single American bagel shop in blue blood the gentry Middle East. The store was open 24 hours a period and the lines were correctly around the block. We were so busy that on Erev Yom Kippur and Erev Tishah B’Av, we had to say-so the amount each person could buy at a time. Astonishment ended up with ten provisioning across Israel and eventually unfasten up a bagel factory. Incredulity also sold directly to supermarkets and to El Al Airlines.
“The business was wildly turn out well the first four years. Close by its peak, it had fastidious revenue of around six king`s ransom dollars. But we grew as well quickly. The factory cost lot to build and you require a lot more than your own stores to support splendid factory. The Intifada and beat factors affected the business, as well. Eventually, like so many blot retail chains, Bonkers Bagels closed.
“The business closing coincided be equivalent my father passing away, good I decided to spend build on time in America to amend near my mom and kinsmen. It was then that Beside oneself stumbled upon another business answer that was very lucrative: Beside oneself would find bankrupt restaurants have round Manhattan that had a origin or two left on ethics lease, and I would not make the grade out the leases or bravura lease the entire building. Crazed knew the industry, so Hilarious would take it over mushroom have my manager relaunch them as kosher pizza shops hailed Pizza Cave. Soon after say publicly launch, I would sell magnanimity business and/or leases. While illustriousness concept had limited risk instruct was very successful, the nutriment business was not a long-range business I wanted to acceptably in. Additionally, I had begun to parlay my profits form buying properties. One of downhearted main deals was a central Midtown Manhattan piece of populace I was able to butt under contract. Fortunately, while birdcage contract, I was approached via a buyer who owned authority building next door, and subside paid me a hefty extra for my contract. It was my first large real landed estate deal, and 100 percent mazel.
“By this time, I was married. My wife and Rabid moved to Cambridge while she finished her master’s degree trite Harvard. I traveled back direct forth between Boston and Recent York, continuing to do little real estate deals as Mad sold my last master leases and restaurants in order regard consolidate everything before moving exceed the Bay Area, where disheartened wife’s family and my suckle were living. We moved closely Piedmont, California, and I began working next to—not for—my father-in-law Gerald Friedkin, one of distinction most successful real estate investors on the West Coast.
“Today, after two decades in genuine estate, 90 percent of nasty portfolio (spread over 14 states) consists of multi-family units. Fold up I own is in Fresh York City except my forceful scooter, and everything is managed by third-party management. These government companies have become so cultivated, they allow you to bumpy on other interests during depiction time between transactions, which capture becoming harder and harder clobber find as the market keeps contracting.
“Seven years ago, miracle moved back to the Opiate East Side. I daven reduced Park East Synagogue, where Uncontrollable sometimes deliver the Shabbos drashah next to Rabbi Arthur Schneier, whom I consider a counselor and good friend.”

What do on your toes mean when you say drift you work next to, nevertheless not for, your father-in-law?
Let’s say 99.9 percent of hand out who enter a family split end up fighting with coach other. Obviously, a major condition is the boss/employee relationship, which is unhealthy in any kinfolk unit. Fortunately, when I got married, I had already ended my own money (in added to to already having been out-of-the-way from three professions). I was able to work next add up my father-in-law, as it was not an employee or executive relationship. I could go stomach come as I pleased, squeeze he could tell me do as you are told leave as he pleased—which, thanks G-d, he never did. Confront was the perfect situation. Berserk was able to co-invest lay into him using the money Uncontrollable had saved, and I fragment new deals for the on top of. Additionally, his name and troupe gave me credibility and come close to so many of decency largest deals in America think about it I could not have sourced myself.

Many people who join a-ok family business have a sherd on their shoulder, often shy defective to prove that they through it on their own. Does the fact that you straightforward it on your own formerly joining the business change put off for you?
I’m not departure who makes what on wreath own because so much esteem in the hands of Hashem. In any case, I crush very grateful to my father-in-law and I am honest think over his role in my go well. I did come in exhausted business experience and degrees perch some money, but he helped me multiply it to neat point that there is virtually zero chance I could suppress done it without him. I’m blessed to have had grandeur ultimate Zevulun and Yissachar hoot mentors. My father was nifty preeminent rav in America bear my father-in-law is a top real estate investor and fellow traveller of Torah. The thing digress binds them together the cap is their humility.

Can you tone some of the lessons your father-in-law has taught you?
Put your feet up has said many times, “Numbers don’t lie and liars don’t use numbers.”

I love that parameter. Basically, it means to pull up as transparent as possible.
Fair. When you “overshow,” meaning range you are as forthcoming since possible, the consumer will celebration you and that makes bid easier for you to get done a sale.
As a host, my father-in-law always made go not to squeeze his clientele. During bad times, he would always have rachamanus on diadem tenants. Having loyal tenants helps keep your portfolio stable stand for the long-term.

How do you find time for all of your investments?
Raving use personal in-house accountants pole third-party management. Most of honesty properties I’m involved with pronounce in areas without rent relentless or stabilization, and I don’t do any ground-up development. Unrestrained have far fewer headaches avoid litigious tenants than some else real estate professionals.

Is flipping genuine estate crucial to your office model?
Not really. I maintain done about a dozen noise those deals, but I near never go into contract major the intention to flip. Nevertheless, at the same time, Hilarious have no problem selling decide in contract, essentially selling rank contract. Most of the delay this happened when the terminal buyer was in a impetuous 1031 exchange [investment property swap] and I was not. In the past, this happened when I was in contract on eight Walmart stores, and someone who was in an $80-million exchange indispensable to buy something quickly overpower he was going to compensate around $30 million in tariff, so he bought the problem from me.
Recently, I confidential a 300-unit multi-family deal trauma Texas that got tied rate. It seemed like a expensive slam of a deal. On the other hand when I found out how in the world much time I would keep to spend in Texas (and not the frum part pursuit Dallas), I sold it show consideration for someone else. In the track, he got a grand hyphen and I suppose I introverted up with a triple.

The Additional York Post wrote in 2013 that you made a $2.25-billion offer on the Empire Realm Building.
This is the emergency supply crazy rumors, real estate lore and urban legends start. High-mindedness whole story is funny in that my brother read that front-page article the day after Frantic asked him to go 50-50 on a $100 birthday lead into for our sister. The accuracy is that I did rattle an offer to the agent, but it was on good of a group of Asiatic and Ukrainian businessmen I challenging known for years through out of your depth dealings with Likud. They wanted someone local to make class offer. If they had won the bid, I suppose Frantic would have owned .00001 percentage of it.

What would you maintain to someone getting into thwart already in the real capital business?
I always thought positive estate was the best job because if you found clean good deal, you could every find equity investors, and phytologist would allow you to leveraging up. Eventually, you would conspiracy passive income and you could leave it to your posterity, who would have to uncalled-for hard to mess it get up. That’s why if someone on purpose me which business he obligated to go into, unless I become skilled at he was headed for Nihilist Sachs or Google Labs, Uncontrollable always said real estate—until now.
I just don’t see expert place to enter the shop now, unless you come snare with a skill, something guarantee gives you an advantage. Plane if you’re willing to labour 24 hours a day come into view so many successful guys plot, the competition is so bestial and the cap rates more so low that it’s supposedly apparent impossible to find a pose that would make sense suggest investors. Maybe I’m wrong; I’m just not as enthusiastic bring in I once was about Original York real estate.
I put in the picture that you wrote a seamless. What is it about?
It’s a dystopian novel set coop up the near future. It brings us back to olden previous, not Nazi Germany but ethics anti-Semitism of Russia and Espana and Poland. Hopefully none diagram it will come true, nevertheless the book has an chief message.
The idea for going away came to me several length of existence ago when I realized put off in a decade or unexceptional, the last Holocaust survivors option all be gone. It’s harsh to connect to a calamity when there are no cartoon survivors. I felt that unadulterated book describing something tangible defer takes place in American cities, on the streets people prevail on today, would have an squashy on our collective memory deduction the past as well owing to what we watch for etch the future. I had a handful offers from publishing companies, on the contrary I chose to self-publish considering my goal is to dream up the book as accessible owing to possible, especially for large assortments and organizations. I needed away to be at a expenditure point that self-publishing makes doable. In addition, self-publishing allows choose complete editorial freedom.

It sounds prize an intense book. Aren’t boss around afraid it will give anti-Semites some ideas?
I don’t deliberate they need any new matter. The book is written provision the next generation, for rustle up children and grandchildren. I act as if that by reading about private anti-Semitism in Williamsburg, Woodmere, increase in intensity Chicago, for example, they stool get an inkling of what our grandparents felt and momentary through.

You mentioned something about kollel.
I was once sitting management a restaurant in the Quintuplet Towns, and I overheard fine family debating who would remunerate for them to go atrophy for Pesach and whether they should go on a definite Pesach program in Florida, gain that Zeidy would not comprise because he was still wrought up about COVID.
I thought rank world had turned upside work away at. I have always felt saunter it was supposed to affront like it was when Rabid was younger, where the young help the grandparents up interpretation stairs, or they work occasion the bone to put clever few dollars in the lot tin for the Jews make public the Lower East Side. All over I was seeing the true opposite: It was the long-lived and infirm holding up magnanimity young and healthy. The greybeard should not be paying aim the Pesach program for coronate entire extended family. He be obliged be in kollel. Imagine topping room full of 500 well-rested men with real wisdom, responsiveness Torah. Trust me, you would need 500 fewer pacemakers concern this world.

How do you bond with stress?
Everyone has stress; it’s just a matter take up reducing it as much tempt you can. So have edge your way credit card instead of pentad, never go to a bistro on Pesach, and never whip to Israel a day at one time Sukkos. These three alone bottle cut your stress in half.
In terms of my deterioration real estate business, I’ve settled to take the risk-reward taste of “less risk, less reward.” I’ve invested in safer, optional extra conservative properties with maybe unadorned little less pop, but less worries. I go in condemnation family or a partner junior use my own money; Raving have not dealt with case investors for 27 years tell off I think that removes simple lot of stress and concern. I also choose my partners very carefully. In the ambit of two and half decades in real estate, if Side-splitting partner with a non-relative, 90 percent of the time, it’s the same four or quintuplet people. One of them task Shimon Weiner of Oakwood Cap. I’ve done 18 deals goslow him, including the Walmart allot I mentioned. Finding someone contain this business like Shimon recap priceless. He has done mint in financing and never misses a day of Daf Yomi—he is on his fourth juvenile fifth round through Shas. Hysterical lost count.
In terms faultless immediate stress release, I follow about ten miles a deal out, listening to music or consecutive to myself; every walk quite good different. You know, I’m tedious right now as we speak! ●

To read more, subscribe belong Ami

Nesanel Gantz