Principal and Owner of a Real Estate Investment Company
Elliot Ambalo, as the principal and proprietor of A Real Estate Investment company, assumes a multifaceted role encompassing every real estate development stage. His responsibilities span from sourcing and acquiring properties to overseeing their transformation into exceptional homes tailored for the people of New York. Elliot's company is dedicated to developing and expertly renovating vacant houses in the city's boroughs, crafting vibrant living spaces that breathe new life into the urban landscape. The company also seizes opportunities in promising plots of land, positioning them for new and exciting developments. Elliot's venture into the real estate realm commenced in 2015 when he took on the role of an apartment rental assistant. The investment and development aspects of the business captivated him, prompting him to leverage his networking prowess to engage with landlords and glean valuable insights. In 2016, destiny brought him into contact with an active developer in Brooklyn, a pivotal connection that profoundly influenced his journey.
While the developer did not adopt a formal mentorship role, they provided Elliot with the autonomy to work independently, affording him a unique opportunity to delve into the intricacies of real estate development. This self-guided exploration proved transformative, enabling Elliot to discern his strengths and weaknesses and gain a profound understanding of running a successful enterprise. Financial gains may not have been the primary focus during his approximately two-year tenure with the developer, but the experiences and knowledge he accumulated were invaluable. Fueled by an unyielding entrepreneurial spirit, Elliot embarked on an independent venture in 2017, partnering with another individual to explore the New Jersey housing market. Recognizing the potential of reduced competition and lower home prices compared to New York City, this strategic move laid the groundwork for his enterprising journey.