about Me

Sam Liebman is the founder and CEO of WealthWay Equity Group, a privately held real estate investment company focused on creating and managing real estate partnerships, and author of The Wall Street Journal best selling book Harvard Can’t Teach What You Learn From the Streets.

Dubbed “The Canarsie Kid”, Sam utilized his street knowledge to go from being on the streets of Canarsie, Brooklyn, to owning the streets, amassing over 70 buildings throughout his career. After achieving massive success, he now has his sights set on educating others on how to build lasting wealth through multi-family real estate.

UNIQUE APPROACH

Sam’s unique approach is to teach you to master the basic fundamentals while using real life experiences as teaching tools. A classroom environment, although important can only teach you so much. But raw experience can take even the greenest investor and forge them into a seasoned pro. Sam will teach you the tricks of the trade, the knowledge the pros use and what does on in the back room.

 

Through transparent access to Liebman’s expertise, you’ll be on the fast track to building a strong foundation of knowledge of the real estate business to achieve lasting success and wealth for you and your families.

EXCLUSIVE COURSE COMING SOON!

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Test Your Knowledge of Real Estate

1 / 20

A property has an NOI of $250,000 and is selling for $6,500,000. Therefore, the property is selling at a 6.5% cap rate.

2 / 20

The lower the cap rate, the lower the value of the property. The higher the cap rate, the higher the value of the property.

3 / 20

If inflated water and sewer costs due to leaks are not corrected, not only will you lose substantial cash flow but your NOI and property value will also be adversely affected.

4 / 20

The All Bills Paid (“ABP”) method usually saves the owner money since the utility accounts are opened in the tenants name and H-VAC is controlled by the owner.

5 / 20

If you can decrease an operating expense by $1 in a 4% cap rate market and also increase revenue by $1, property value will increase by:

6 / 20

Which of the following has nothing to do with the size of a unit?

7 / 20

It’s often better to reduce rents during slow leasing periods even though it will have a negative effect on net operating income and property value in the short run.

8 / 20

A $10,000 increase in Total Operating Revenue or a $10,000 decrease in Total Operating Expenses has the same effect on NOI and property value.

9 / 20

Which of the following is not considered rent?

10 / 20

The individual names of the operating expense accounts and categories generally depend upon the management agents computer program and chart of accounts

11 / 20

If you are able to increase NOI by $5,000 a year, assuming a 5% cap rate you increased property value by:

12 / 20

Which of the following should not be considered other income?

13 / 20

Which of the following doesn’t contribute to market cap rate changes?

14 / 20

A Risk Fee is charged when a lease has expired and a tenant needs to stay longer but won’t renew their lease.

15 / 20

A good rule of thumb to estimate total payroll expenses would be to add approximately 10% - 15% to the amount of the actual gross wages.

16 / 20

As a general rule it’s ok to keep purchasing properties in the same entity since it reduces the cost of legal fees, bank fees, bookkeeping, etc.

17 / 20

Tenants who cause damage to their units are liable only up to the amount of their security deposit.

18 / 20

The Letter of Intent (“LOI”) is a binding document that serves to set forth the basic terms and conditions upon which the buyer and seller will enter into a much more definitive document known as the Contract of Sale (“Contract”).

19 / 20

Which of the following is generally not included on a rent roll?

20 / 20

Which of the following is the most important benefit of owning real estate?

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