EP26 Joel Block – How Will the New Crowd Funding Rules Affect Raising Capital?

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251ab4eJoel Block, CPA of Bullseye Capital and founder of the National Association of Syndicators joins the Invest Florida Show for the 2nd of 2 part series. Big changes have occurred in crowd funding. In the last week of March 2015, the SEC announced the new set of crowd funding rules implementing Title IV of the JOBS Act. These changes affect Regulation A small public offerings, and are referred to as “Reg A+” Joel is with us to tell us what this means.  It might be a good idea for listeners to check out the first episode on general syndication issues from our first discussion with Joel if you are new to syndication  —->  Click Here!

 

Points:

  • In April 2012, Congress passed the JOBS act which was designed to allow small businesses easier access to capital
  • The Securities and Exchange Commission (SEC) released some new rules the last week of March 2015
  •  Crowd funding is an offering of securities in a company.  The company buys the real estate.
  • Changes in exemptions from individual State registrations

Check out this episode!

EP25 {Podcast} What Should Canadians Know When Buying Real Estate in Florida?

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Florida continues to be a hotspot with Canadians. They are the largest foreign buyers of Florida housing. More than 500,000 Canadians currently own real estate in Florida. It is hard to name a town or city south of the I-4 corridor that doesn’t have a healthy population of Canadians…. Sarasota….Bradenton….Venice….Orlando…Kissimmee….Miami….Ft. Lauderdale….Palm Beach….Cape Coral….Ft. Myers….Tampa…..St. Petersburg….Naples….Marco Island to name a few.

While most of the Canadian buyers favor vacation or retirement homes on the coastal areas, Florida continues to offer a growth story for investors across commercial and residential asset classes.  Florida recently passed New York as the 3rd most populous state in US.  The opening of the Panama Canal is predicted to grow the economy in Florida ports.  And, most recently, the US government has taken action to ease the restrictions place on Cuba.  Removing the more than 50 year  embargo would have dramatic effects on both the Tampa and Miami economies, as well as their respective real estate markets.

Nick Podetz, of TD Bank and Jason Ansel of the law firm Altro Levy, join the Invest Florida team to discuss issues for Canadians to consider when buying US property.

Subjects covered are:

Canadians applying for a Mortgage – Canadian Mortgages on US property and US Mortgages on US property

Estate Planning Issues

Filing US taxes and tax planning to mitigate total tax paid

What are the liability issues?

Geographic areas and asset classes in which to consider investing

Should you hold title to US property in your children’s name?

Nick Podetz TorontoNick Podetz, Senior Manager, TD Cross Border Banking

Nick leads Cross Border Banking activities for TD Bank, responsible for overseeing the strategies and activities that help make banking across North America easy for customers investing in the US.

 

Jason Ansel - Toronto AttorneyJason Ansel, Associate at Altro Levy, a Canadian based law firm

Jason and his firm are dedicated to cross border Tax, Estate Planning and Real Estate Legal Services.  He assists clients with the various issues on holding assets in the US for both business and personal use.

 

 

 

EP24 Joel Block- How to Raise Money for Bigger Real Estate Deals

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251ab4eYou are a successful real estate investor. You have want to acquire larger assets, but lack the equity. How do you acquire the funds? What is the process? What are the rules?

Our guest on the show is Joel G. Block the CEO of the Bullseye Capital Real Property Opportunity Fund, LLC and founder of the National Association of Syndicators.  Syndicating real estate is the method investment firms use to pool larger sums of capital to acquire larger assets.  Syndication is an excellent mechanism for people to put together groups of investors to acquire larger assets than they ordinarily would be able to acquire. It also helps investors who don’t have the time to go out and find their own deals, let alone the time to manage the property, to invest in and benefit from ownership is real estate.

Relevant Points Discussed on the Show…

  • Revenues that come from Syndication
  • General Solicitation
  • The Risks and Rewards of Syndication
  • The Financial side of Syndication
  • Customers who are the right fit in a syndication deal

 Quotes from the show

The money is not in the real estate, the money is in the money.”- Joel G. Block

“New technologies create new ways of doing business.”- Steven Silverman

“Fear and greed is what makes the world go around.”- Eric Odum

“Once you learn how the money works, you will be surprised at how many opportunities are out there.”

-Joel G. Block

Contact Information

818-597-2990

Finally, if you are interested in learning more about syndication visit Joel G. Block’s blog at syndicatefast.com where he posts videos and free literature about the many facets of syndication.

 

EP23 Dan Feinman – From Single Family Investor to Hard Money Lender and Note Buyer

 

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200186_10100099283387141_2718204_nDan Feinman went from Wall Street to Florida real estate investor. The stark differences in value between the New York and Florida real estate markets allowed Dan to recognize a real opportunity in front of him with property in Florida. In between, he managed to travel the world and marry , settling in the Tampa area and starting a family.

His entrance in to the world of single family investing was during the worst economic crisis in a lifetime. The downturn, however, did not hurt him or slow his progress. The dire economic situation allowed him to sharpen his skills and emerge stronger.  It allowed (or forced him) to be nimble and open-minded about how to make money in the business…teaching him lessons that will serve him throughout his career.    Dan used savings and savvy investment techniques to purchase his first investment properties.   He experimented with buy and hold, rehab and flipping and then taught himself how to lend to investors just like him.  We hope you enjoy Dan’s discussion of his journey.

Topics Discussed on the show…

–  Advantages of hard money 

–  Key factors to look at when purchasing an investment property

–  Keys to creating more equity

–  Building relationships with banks and other local lenders

–  Techniques for first time buyers

–  Strategies Dan uses to find good investment opportunities

–  Hard money Loans defined and dissected

–  Strategies in obtaining a hard money loan

Interesting Quotes from the show

“You have to love talking about real estate.“ –Dan Feinman

“You learn something new with every house flip that you do.” –Dan Feinman

“You have to do what you love.” –Dan Feinman

“The key to creating more equity is relationships” – Dan Feinman

“Fine the borderline of where a neighborhood is changing. You will find value there.”

Dan’s Favorite spot to hang out

The Hideaway Café in St. Petersburg, FL

Contact Information

646- 320 7997

Dfeinman1@aol.com

 

Dan’s final piece of advice

Learn by doing and go ahead and take the plunge.