This is Part I of the real estate private equity investment chat with Moses Kagan.  Real estate investing has always been on the top of our clients’ inquiry list.  Normally, for real estate investors, they try to buy, fix, and then sell the property as fast as they can.  But Moses is doing this differently: he has a true value investing mindset.  He firmly believes that when investing in real estate, one way to lose money is to be forced to sell in a downturn.  All markets swing up and down in the short term, but if you have a long-term investing horizon, through generations, the power of compounding is extraordinary.  To achieve this goal, Moses has two rules: he only looks for long-term investor partners that are willing to invest longer than a typical 3-10 years private equity cycle; in addition, he uses debt leverage very carefully so the bank can’t force him to sell.  In Part II’s episode, we will dig deeper into the LA real estate market with Moses.