Monthly Archives: November 2021

Ep. 241 Viktor Jiracek: Gainesville Investment Nuggets

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Gainesville Investment Nuggets

Viktor Jiracek followed his brother to Gainesville and turned that experience into a thriving real estate business (Fix and Flips, and long term holds). Viktor updates us on the market and leaves us some great tips on thriving in this most unusual market.

Key Discussion Points

[01:00] Opening remarks by Eric Odum & Steven Silverman
[04:17] About our guest: Viktor Jiracek
[05:12] How did you get started in real estate?
[06:14] Why did you choose Gainesville, FL?
[07:33] Give us an overview of what you are seeing in the Gainesville FL market
[08:37] What are signs you look for to tell you the market is slowing down?
[09:48] Are you still seeing multiple offers on first day of listing? Or has that cooled down a bit?
[11:23] What calculations do you use to determine if something is a good deal?
[14:06] How are you finding your properties?
[17:06] Do you have your own crew for fix and flips?
[17:46] Are you having any problems getting sub-contractors to work with you? What about pricing?
[19:22] What areas in Gainesville do you really like?
[20:15] What’s been your best deal? And worst deal?
[24:15] Are your real estate methods applicable to anywhere?
[26:15] What are some mistakes buyers/wholesaler/flippers make when communicating with the seller?
[28:21] How can folks reach you?
[-28:58] Any last words of wisdom?
[31:06] Closing comments by Eric & Steven

 

About our Guest

Viktor JiracekViktor Jiracek is a fix and flipper out of Gainesville, FL. He did over 20 flips last year, and has a goal is 30 flips for 2021. Vicktor’s passion is flipping houses and teaching others how to do the same.

GUEST CONTACT INFO

Facebook: Viktor Jiracek
Facebook group (free): Six Figure House Flipper

Ep. 240 Martin Saenz: Investing in the Secondary Mortgage Market

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Investing in the Secondary Mortgage Market

Martin Saenz runs a fund that invests in distressed mortgages.  He discusses the state of the mortgage market, returns and how he creates win-win deals for investors and homeowners.

Key Discussion Points

[01:04] Opening remarks by Eric Odum & Steven Silverman
[05:04] About our guest: Martin Saenz
[05:57] How did you get started in real estate?
[08:10] What motivated you to move from Washington D.C. to Sarasota, FL?
[09:12] What’s your view of the Florida market for the brief time you’ve been in Sarasota, FL?
[10:38] How did you migrate from real estate investing into working with Notes & getting returns for investors?
[11:40] What types of mortgages are you pursuing?
[13:42] Are your funds leveraged? Or are they 100% equity?
[14:05] What type of yield do investors get from their notes?
[14:40] How are you finding these deals?
[16:52] How would you recommend people setup their own Note business if they want to do this themselves?
[18:26] What are the names of your 3 books?
[19:26] Have you considered commercial loans? Or are you just staying with residential?
[20:41] How do you handle compliance? Outsource? Internal?
[21:51] What’s your perspective on the debt market? Are there any signs of weakness?
[23:49] Are you concerned with the recent amount of compression on the returns?
[26:11] On the mortgage side in Florida, do you see anything positive, negative, or interesting factoids?
[27:22] What’s on the horizon as Florida deals with tight inventory?
[29:07] How can investors learn more about your fund and possibly invest in it?
[30:44] How can folks reach you?
[31:17] Closing comments by Eric & Steven

 

About our Guest

Martin_SaenzMartin Saenz is a managing partner at Bequest Funds. Martin has written 3 books on the mortgage industry. He co-founded Bequest Funds with the dual purpose of helping investors grow their wealth, and helping mortgage borrowers stay in their homes. Martin is a seasoned real estate investor with over 15 years of experience.

GUEST CONTACT INFO

Ep. 239 Chris Coleman: Big Flood Insurance Changes

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Big Flood Insurance Changes

Chris Coleman comes back on the show to explain the significant changes in flood insurance policies from FEMA.

Key Discussion Points

[01:07] Opening remarks by Eric Odum & Steven Silverman
[04:33] About our guest: Chris Coleman
[06:32] Give us an overview of the changes occuring right now with flood insurance
[09:55] Is it fair to say those that don’t have flood risk are subsidizing those that do have flood risk?
[10:49] What are you seeing in terms of flood insurance rate increases?
[13:05] So people who’s flood policy will expire Jan 2022 are being notified of new flood policy – how is that working?
[13:58] What about the companies that can help you revaluate your flood zone?
[17:38] If the FEMA flood map showed an investor’s property’s base flood from 9 to 10, would you be able to tell the price increase?
[18:32] Would you encourage people who are not in a flood plain to still get an elevation certificate?
[19:35] Do you think climate change is affecting insurance and properties (other than flooding)?
[20:44] How can folks reach you?
[21:53] Closing comments by Eric & Steven

 

About our Guest

 coleman-insurance-img1

Chris Coleman and his brother Dave are founders of Coleman Insurance Agency based in Pinellas County, Florida. Chris is a returning guest who last was on the show in episode 8.

GUEST CONTACT INFO

Name: Chris Coleman
Phone: 727-441-9911