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Land Flipping with Pete Reese

James Svetec is a knowledgeable AirBnB operator. He got his start in the short-term rental market by managing properties in Downtown Toronto. Riley Oickle is a specialist and mentor in multi-family residential market. Both now assist vacation investors find success across North America. They check in with the show today to talk about what they are seeing in Florida and share some hacks on the vacation rental market.

Key Discussion Points

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Land Flipping with Pete Reese

We have been seeking someone to discuss land flipping with us. Land is a bit of an “outsider” asset class. Why? Because it is not typical cash flowing real estate. Finding investors to partner with or borrow from can be challenging. But that does not mean the asset class cannot be lucrative. Pete has been investing in the East Coast for over a decade and is now dipping his toe in the Florida market. Find out how he does it!

Key Discussion Points

[01:14] Introduction by Eric & Steven
[07:02] About our guest: Pete Reese
[12:40] How did you get to where you are today with land flipping?
[15:35] Tell us about your Raleigh, NC connection
[16:31] What types of property to you focus on? And what’s the sweet spot? What about Florida Land?
[17:56] When you reach out to people via letters, what do you say in those letters?
[18:48] What is the response rate for the letters you send out?
[21:29] Do you take possession of the property when you decide to flip it?
[22:53] How do you get other folks to invest with you?
[24:48] How are you using data to find the properties you want?
[27:25] How do you determine what areas to send out mail to potential investors?
[28:57] Walk us through a typical deal
[32:31[ Do you have a profile of who your tyicall seller is?
[34:10] How can people connect with you?
[37:05] What advice would you give to newbies getting into land flipping with regard to finding money partners
[38:01] Closing comments by Eric & Steven

About our Guest

Today we have with us Pete Reese. Pete is the president of Real West Properties, a land development and investment company. ?With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for profit over the years for himself and behalf of his clients. He is on track to earn $4 million of revenue in 2022 with his land flipping and development business.

Pete is always looking for his next deal, including his long time dream of owning his private island. Besides his professional accomplishments, Pete is also the father to three beautiful girls. He keeps up with his family by working out and enjoying a vegan diet. And he is a 31st great grandson of King Henry the II.

GUEST CONTACT INFO
website: TurningProfit.com

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Talking Hotels and AirBnB

Cherif Medawar has a unique background. He started in hotel management and learned running hotels from one of the best in the business. While he has invested in many real estate asset classes, his forte is hotels. He operates and owns deals across the country and teaches investors how to earn double digit returns and navigate the waters of this asset class that few investors seem to understand.

Key Discussion Points

[01:11] Introduction by Eric & Steven

[08:43] About our guest: Cherif Medawar

[09:50] How did you get started in the real estate investing business?

[17:06] Tell us about the complexities with investing in hotels, and how you make money

[21:27] What are the steps and things to look for when investing in commercial property

[27:21] What is considered to be a good return on hotels?

[34:53] How does syndication work with hotel investing

[41:19] How is AirBnB affecting the hotel industry?

[43:12] Tell us about your residential developments in North Port, FL

[46:40] What size hotels makes it profitable?

[47:48] Who manages the operations of a hotel that size?

[51:27] How can people reach you?

[52:26] Closing comments by Eric & Steven

 

About our Guest

Cherif Medawar is an investor, a real estate fund manager and an educator. Cherif is bi-coastal. He started a fund in 2009 and is focused on luxury homes in the San Francisco Bay area. With over $100 million in assets under management, he’s also the largest owner of commercial historic properties in San Juan, Puerto Rico, since 2004.

And he is active with his office in Florida. Cherif has authored some best selling commercial real estate investment books and continues to share his methods and programs through his education company. He has produced over 2000 video trainings and success stories.

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A New Idea for AirBNB in Remote Areas?

It’s so much more than this though. Z Sphere has a structure concept that could be anything from housing in disaster prone areas to self contained, medical care structures in remote areas.

Key Discussion Points

[01:03] Introduction by Eric & Steven

[04:58] About our guest: David Atkinson

[05:39] What’s your background and how did you get to where you are now?

[08:34] What is Z Sphere?

[11:19] So your product is self-contained, off-grid, natural disaster resilient, spherical home?

[14:23] What is the Z Sphere intended to address? Natural disasters? And to live and work in?

[18:25] Is the Z Sphere factory-built and shipped onsite? Or is it built on-site?

[24:41] Can these be made into restaurants buildings?

[26:07] What is the pricing structure on these Z Spheres relative to a standard building?

[27:24] So this could be a good option as an AirBnB or as an emergency command building where there are limited or no utilities?

[29:26] Are there investment opportunities for these Z Spheres?

[30:38] How can people reach you?

[31:26] Closing comments by Eric & Steven

 

About our Guests

David Atkinson is the CEO and founder of Z Sphere. Z Sphere is a completely different kind of real estate company and it is especially relevant in today’s world with global warming and the environment changing and threats to real estate and the way we live.

GUEST CONTACT INFO
Website: https://myzsphere.com/
LinkedIn: David Atkinson

 

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Investing in Properties of Crime Scenes and the Deceased

Today we talk with Laura Spaulding, founder of Spaulding Decon, which is a full service restoration company for crime scenes, death, and accidents. Laura takes it a step further by investing in these properties.

Key Discussion Points

[01:03] Introduction by Eric & Steven

[07:02] About our guest: Laura Spaulding

[09:17] How are you using your crime/accident/death cleanup business to leverage buying the crime scene properties?

[13:49] What’s the craziest thing you’ve scene when doing crime scene cleanup?

[16:09] Do you have franchisees all over the country?

[17:00] Does your business do better where there is more crime?

[17:52] Tell us how your business model works, from property cleanup to possibly buying the property

[19:23] Do you have a list of relaiable investors that you take these properties to?

[21:48] Are most of the crime/suicide/death scene properties residential? Any commercial properties?

[25:52] What is your investment profile? What do you look for in properties you are holding?

[27:32] Do you have a team for the renovation?

[29:29] What’s your formula for pricing these types of properties?

[31:50] What are you seeing in the market right now?

[37:25] How can people reach you?

[38:37] Closing comments by Eric & Steven

 

About our Guests

 

After seven years in law enforcement and serving in the military, Laura Spaulding identified a need for crime scene cleaning while she was working a double homicide. A family asked her Who is going to clean this up. So with a $15,000 loan, Spaulding Decon was born. What began as a one woman show today stands as a franchise with over 55 locations nationwide.

Spaulding Decon is a full service restoration company. Laura has a master’s degree in business administration and a bachelor’s in criminal justice. She has been featured in the Wall Street Journal Inc magazine and Entrepreneur magazine. Laura has developed an impressive real estate portfolio. She has purchased hold or crime scene homes and convert them into beautiful estates. This has become a labor of love that has produced millions in revenue.

Laura is active in the community and does initiatives such as Holiday Hoarding Gateway.

GUEST CONTACT INFO
YouTube Channel: Crime Scene Cleaning
Website: SpauldingDecon.com
LinkedIn: Laura Spaulding