To Whom It May Concern:
Mr. Hirth is a tremendous broker—knowledgeable, savvy, honest, and effective. He recently assisted my Company to reposition a valuable asset via a 1031-exchange with the result being a greater than three-fold increase in cash flow, all now from strong and stable assets.
Our first challenge was to take an underperforming asset and find a developer who would pay top dollar for the property. His recommended strategy—performing our own environmental investigation and disclosing the results to all potential buyers—proved very successful. This strategy resulted in multiple buyers making non-contingent offers, thus allowing us to avoid our buyer having any room to later negotiate-down the price during a “due diligence” period.
Mr. Hirth’s relationships amongst developers also became invaluable, as the multiple buyers he brought to the table competed very aggressively for our property. The result: we achieved a purchase price $1,000,000 over asking from a non-contingent buyer.
Our next challenge was to place the funds into strong multifamily assets. Here, Mr. Hirth’s relationships with other brokers in the industry helped tremendously to secure deals, as the market to purchase these assets was extremely hot. Mr. Hirth provided valuable insights about the merits of the deals and the best strategies to secure the properties on a tight exchange clock.
I wholeheartedly recommend Mr. Hirth. Warmth, caring, and professionalism drives everything he does, and he is a valuable asset to any real estate investor.
Evan Simon, esq.
Manager, J&V Simon, LLC