Tag Archives: Florida

Ep. 82 Mark Nathwani: Just Do It! Real Estate Investing

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AAEAAQAAAAAAAAAmAAAAJGU2ZDRjNTU3LTY0N2YtNDRlMC1iMjFmLTI3ZTZkZDJiMzc4OQNobody said real estate investing was an easy business. Aside from the hard numbers and financial side, commercial and residential real estate investing requires dedication and perseverance from investors and a certain ability to thrive under pressure. For many, these pressures prove too great of obstacles to find success as real estate investors. Invest Florida Show aims to provide its listeners of all investment levels with the tools and resources necessary to make actionable investment decisions. In addition to providing educational resources to our listeners, we also want to inspire would-be investors to make the first big step and invest!

This episode our guest is all about inspiration. Mark Nathwani is a real estate investing specialist and international entrepreneur. Mark has assisted in the growth and development of many businesses and currently serves as CEO of RAMS Real Estate Holdings, a U.S./U.K. based firm focusing on foreclosure properties and other sensible Florida real estate markets. Above all else, Mark believes the first step is the biggest one: want to get into real estate investing? Just do it!

Mark’s Tips for Beginning Investors:

  • Single-Family Residential
    • SFR properties are relatively stable, secure markets for those looking to begin real estate investing
    • Florida has many strong SFR markets:
      • Tampa, St. Petersburg, Jacksonville, Orlando
  • Investment Strategies
    • Tailor strategy to investment type:
      • Fix-and-flip, wholesales, holds
    • Invest based on yield as opposed to price and valuation
      • Yield is generally higher in complicated markets i.e. low-income housing
    • Choose a market and apply strategies that suit that market, don’t cherry-pick strategies from other real estate markets
    • Cast a wide net to find deals
      • Brokers, letters, bandit signs, banks, etc.
    • Never lose confidence in your deal!

To contact Mark with any potential investment opportunities or to find out more about his real estate investing services, visit his website!

Ep. 79 Cuban Immigrants – Coming to America & Discovering Real Estate pt. 1 of 2

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AR-150519874Cuba. The island nation of roughly 11 million situated 90 miles south of Florida has, for decades, cast a large shadow over its continental neighbor. The U.S., especially Florida, has had a profound and diverse history with Cuba. Cubans and Cuban-Americans have played a nominal role in shaping Florida’s commercial landscape as well as cultural backdrop, with Tampa and Miami representing two major pockets of Cuban heritage and influence. This episode may be a bit of a departure from our typical shows, but as bilateral relations between the two countries progress, both Cuba and U.S. industries anticipate a major developmental boom that has real estate investors watching closely. This special episode will be represented in two parts with our guests sharing both some personal stories of their immigration into the U.S. as well as their involvement in Florida’s real estate markets.

Josue Romero is a mortgage broker serving as owner of My Lending Hub, a mortgage brokerage service company based in Tampa, Florida. Juan Nunez is a real estate investor in Tampa and currently owns and operates Zenun Enterprises, an investment firm focusing mainly on single-family markets. In 1999, Josue and Juan both arrived in Florida with their families seeking asylum. At the time, Cuba was in dire straits. Though the boys were young at the time, their families knew all too well the devastating effect of the ‘Special Period’ on Cuban welfare. When their families reached Tampa, they set about cementing the American dream as a reality with little more than resilience and hard-work. Despite its status as a Communist country since 1959, the Cuban disposition has always been innately capitalistic. Through their stories, Josue and Juan will introduce us to the concept of Inventar – the wholly Cuban approach to making something from nothing. We will learn how this unique ability and ingenuity lead to such a fluid and fruitful transition into mastering Florida real estate markets.

 

 

Ep. 78 Ray Altieri III: Don’t Get Burned When Making an Insurance Claim on an Investment Property!

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altieritranslogo380x140Investors want to know that their properties are insured against any unforeseen damages. The last thing a real estate investor wants to do in the event of an emergency is argue with their insurance company over an insurance claim. Insurance companies are a business and all businesses look towards minimizing costs. If damages occur, most insurance companies will attempt to mitigate costs on an insurance claim in order to avoid costly expenses, but this can hurt investors trying to recoup loss of income on a property.

Ray Altieri III is Vice President of Business Development for Altieri Transco American Claims Corporation. Together with his company, Ray strives to ensure that insurance policyholders receive proper payment in the event of an insurance claim. As public adjusters, Altieri Transco represents insurance policyholders throughout a claim to guarantee that they receive proper recompense from insurance companies. This episode Ray discusses how investors can avoid getting burned when making an insurance claim on an investment property.

  • When to Get a Public Claims Adjuster?
    • A.S.A.P – A Public adjuster should be brought in on a claim as soon as possible to build an accurate cost for coverage from the ground-up. Adjusters for insurance companies will attempt to minimize costs for coverage
  • How Are Public Adjusters Compensated?
    • Typically, public insurance claim adjusters receive a percentage of the overall settlement, usually 10%
  • Tips for Investors
    • Insurance Applications – Investors should be aware of the information entered into insurance applications. Incorrect or missing information may result in a voided insurance claim
    • Emergency Services – Costs for emergency services on an insurance claim are not paid by insurance companies, they are paid by the policyholders. Investors should understand these costs and how they affect coverage on a claim

For more insurance claim information or to find out more about Ray’s services visit Altieri Transco’s website at www.altieritransco.com or you can reach Ray by phone:

Personal: 813-695-8718

Office: 813-247-8757

Ep. 76 Richard Wilson: Family Offices Can Be An Important Source for Deals and Financial Partners. Find Out HOW!

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AAEAAQAAAAAAAAl8AAAAJDY2NGU0MmU2LTI2NTctNGViYi1hMWY1LWMzZTUyOGVlY2EzNAFamily offices are becoming a burgeoning industry in terms of real estate investment and financing. Wealthy families are increasingly looking towards commercial real estate as a stable, generating market to channel and secure funds. Florida real estate markets are poised to receive family office investments and financing, but there is one problem: how can an investor find family offices?

Richard Wilson is founder and CEO of Miami Family Office, a $500 million AUM single family office. Through his company, Wilson Holding Company, Richard also oversees and advises on several other family office business enterprises including Billionaire Family Office and the membership-driven Family Office Club. Through his companies, Richard owns, manages, markets and facilitates family offices. This episode Richard discusses how commercial real estate investors can access family offices as a source for deals and financing.

  • Network and market towards family offices
    • Networking through social media
    • Narrow search: source for certain deal-types
    • Compile list of family offices in your area, find out what propoerty-types they are investing in
  • Actionable Investments
    • Family offices look for credible, practical deals as investments
    • Most family offices like to invest locally
    • Good cap rates: properties earning 15-17% IRR
  • Family offices looking for investors
    • Put out property mandate alerts for certain desired investments
    • Will reach out directly to investors

If you think you have an actionable family office investment deal, contact Richard at richard@familyoffices.com

To find out more about Richard’s family office portfolios, visit www.miamifamilyoffices.com or www.detroitfamilyoffices.com and check out Richard’s family office webinars. Richard also hosts a informational podcast about family offices. Visit familyofficepodcast.com for past shows and to stay up-to-date.

Richard’s book, The Single Family Office: Creating Operating and Managing the Investments of a Single Family Office, is a best-seller in the family office industry and the key for investors wanting to find out more about the market. You can find his book on Amazon!

 

Ep. 67 Brad Hubbard: You Can Increase the Value of Your Property With This Flood Insurance Technique

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2015-08-10_16.10.35Florida real estate investors should all be familiar with the flood insurance line-item on their properties’ expenditure lists. Much of Florida real estate is subject to blanket, federal regulations regarding flood insurance requirements and financial institutions require flood insurance as a prerequisite for lending on all residential properties. Many investors may not know that their properties may be eligible for flood insurance exemptions on a case-by-case basis .

Brad Hubbard is an expert in all things related to flood insurance coverage and requirements. As founder of National Flood Experts, Brad has been saving investors thousands of dollars in expenditures by eliminating annual flood insurance costs. Brad discusses what he looks for in a property to determine its status in relation to FEMA’s national flood-zone map. He also discusses what investors and property owners can do to reduce flood insurance costs on properties not eligible for exemption. This is a great method for investors to eliminate a long-standing line-item on a property’s financial portfolio and increase the property’s long-term investment value.

  • Individual properties may be built outside of federal flood-zone parameters
  • Compare construction of building with FEMA flood-guidelines
    • Due Diligence on property
      • Elevation Certification – verifies building’s base flood-line in a 100-year period.
      • Surveys
      • Other info on elevation and structure of building

To contact Brad with questions regarding flood insurance or for an eligibility inspection, call the National Flood Experts at: 1-800-561-0396 or email: brad@nationalfloodexperts.com

 

Ep. 64 – Justin Ford: Florida Investor Knows How to Work the Vacation Market and Remain Flexible

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justin-ford-bio-picFlorida investors are familiar with the vacation real estate market; Florida is a strong, tourist-driven economy and seasonal and vacation real estate represents a large investment sector. Florida investors know that the vacation market has always offered prime investment opportunity. Despite it’s potential for success, the vacation market is a challenging and fast-paced market and many beginning investors often get caught in financial quagmires of bad investments.

Justin Ford, President of Pax Properties LLC, understands the “Florida market“. With over a decade worth of experience investing in Florida’s seasonal and vacation market, Justin has mastered real estate investing. Pax Properties currently owns and manages 30 properties (500 units) along Florida’s east coast, from Ft. Lauderdale to Jacksonville. Pax Properties has thrived due to Justin’s flexibility and ability to adapt to changes in the market. This episode, Justin shares with us his approach to marketing and investing in the Florida and shares tips and advice for beginning investors.

  • Florida is a strong vacation rental market
    • Hotels, condos, single-family/multi-family long-term and short-term seasonal rentals
  • Transient Apartment Licensing
    • Required license for operating vacation rental properties
    • Applies to hotels, apartments, single-family vacation rental, B’n’Bs, Airbnb, VRBO rentals
    • Dept. of Business and Professional Regulations
  • C.A.P.A. – Fundamentals of Real Estate
    • Cash-flow; Amortization; Positive-leverage; Appreciation
    • Investors can control all but Appreciation
    • Structuring deals around C.A.P. ensures more positive returns for investors than relying on Appreciation
  • Tips
    • Choose tenants carefully; good tenants can be difference between a good investment decision and a financial headache
    • Take advantage of Amortizing-loan finance options
    • Always be marketing and networking
      • Conventions, cold-calls, mailers

Justin also offers a course for investors that covers the fundamentals of investing. C.A.P. Strategy: Bubble-Proof Real Estate Investing for Lifelong Cashflow provides investors with in-depth insight into Justin’s investing philosophy. For more information, visit the website!

You can also check out Pax Properties’ asset portfolios here:www.paxproperties.com and www.beachpads.net

Justin can also be reached directly by email at justin@pax-properties.com

 

 

 

Ep. 63 Amir Korangy: NY & South Florida Real Estate Investors Will Want to Know the Real Deal!

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3a2b8b6One of the hardest things for new investors is finding a current and accurate source of real estate information; a place to find up-to-date and informative data on market trends and conditions. Even for seasoned real estate investors, it is difficult to stay on top of market research.Thankfully for real estate investors in New York and South Florida, Amir Korangy has solved this problem.

A real estate investor himself, Amir Korangy began The Real Deal magazine in 2003. At first focusing only on New York real estate markets, The Real Deal has long since established itself as an authority on South Florida’s real estate markets as well. By providing current, informative and actionable real estate data on a variety of asset classes in both New York and South Florida real estate climates, The Real Deal has become a go-to source for real estate investors. This episode, Amir shares The Real Deal’s mission as well as his personal investing process and he gives tips to new real estate investors.

  • The Real Deal
    • New York and South Florida real estate news publication
    • Est. 2003 – Amir Korangy, Founder
    • Up-to-date market reports on variety of asset classes
    • Updates monthly with some specific day-to-day developments
  • Investing tips
    • Know your neighborhood or the area where you are looking to invest in
    • Familiarize yourself with the market; movements and trends
    • Due diligence is imperative
    • For beginning investors, buy within means
    • Don’t overthink a good investment – no such thing as the “perfect deal”

To find out about all of the The Real Deal’s services, visit their website www.therealdeal.com/miami (South Florida); www.therealdeal.com (New York)

Questions for Amir? He can be contacted through social media on LinkedIn and Twitter (@mrkorangy)

Ep. 61 Jean Francois Roy: Staying Flexible is the Key for Residential Developers

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Jean-Francois-Roy-687x1030Real estate markets are entering a new phase. Nationally, investment markets are evolving to suit new demands from consumers. Here in Florida, theses changes are causing ripples of concern for investors and residential developers. What does the generational shift mean for the future of residential real estate and what can investors and and residential developers due to anticipate and adapt to these changes?

Jean Francois Roy, Founder and President of Ocean Land Investments shares with us his story and discusses the importance of flexibility as a residential developer and investor to find success in the market. Beginning his foray into residential real estate in his native Quebec, Canada, Jean Francois focused on developing high-end retirement living spaces. Following the American economic recession in the early 1990s, Jean Francois moved his venture to Florida, focusing on Ft. Lauderdale markets. Jean Francois quickly realized that flexibility and understanding the demands of the market was imperative for the success of any residential developer or investor. Ocean Land Investments continues to be a leading residential real estate firm due to Jean Francois’ drive and flexibility.

  • Staying Flexible
    • Residential Developers: Purchase land during market/economic slumps
    • Markets with high populations reduce vacancy risks
    • Adapt to market demands
      • In Ft. Lauderdale, high retirement-age demographic good for multi-family residential (apartments, condos)
    • Recognize consumer trends
      • “Going green” – buyers and tenants willing to pay premiums for environmentally-geared projects/renovations
      • Shift towards “conservative” structures from “extravagance” of 2000s
    • Be amenable to joint ventures and refurbishment projects as opposed to new developments
    • Be wary of overambitious or amateur developers straining the market

To contact Jean Francois Roy or to find out more about investment, leasing, or purchasing options with Ocean Land Investments, call the office at (954) 558-3187 or visit their website

Ep. 60 – Mark Fleming: What Does the Fed Rate Hike Mean to Real Estate Investors

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about-markWinter is coming… And so are national interest rate increases.

The Federal Reserve has recently announced a new national interest rate hike, the first since 2006. Real estate investors are very anxious about the announced rate hike. Many investors are wary that the rate hike may be instituted prematurely in an economy that is not capable of facilitating the effects on real estate markets.

Mark Fleming, Ph. D. serves as the Chief Economist for First American Financial Corporation. With over 20 years’ experience in mortgage and property information, Mark analyzes and forecasts national mortgage and real estate markets. This episode, Mark lends his expertise to our discussion on the new rate hike‘s effect on current real estate markets at a national level, and tells us why investors shouldn’t be so worried.

  • Federal Reserve Rate Hikes
    • First rate hike in 9 yrs
      • 2006 – +5% increase
      • 2007 -’08 to Present – 0%
      • End of Year (2015) – .25% increase
      • 2016 – +1% increase
    • Instituted to correlate with expected income/wage growth
    • Long-term, fixed-rate loans not affected
    • Good for housing markets
      • House-price appreciation seeing “asset inflation”, especially in Florida
      • 5-6% nationally, higher in FL markets (South Florida)
      • Out-pacing current wage growth, causing increase in housing rates
      • Rate hike should slow appreciation growth rate
  • 2016 and Beyond
    • Rate hike est. 5% increase
    • House-appreciation (Nationally) projected to slow to 3-4%
    • Income growth est. 3-4% increase
    • Commercial real estate to benefit from economic growth
    • Multi-family to benefit from strong millennial rental market

Interested in contacting First American Financial or want to learn more from Mark on the new rate hike and other economic info? Check out the company website and visit the Economic Center

Ep. 57 Albert Berriz – McKinley Bullish on I-4 Corridor for Multi-Family

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00f4451Florida real estate investors should be familiar with the name McKinley. With over 55 million square feet of commercial and residential real estate in 34 states, McKinley, Inc. is 37th largest real estate investment and management firm in the nation.

Albert Berriz, CEO, Co-owner & Co-Managing Member of McKinley talks with us this week about the firm’s special interest in Florida. The Interstate 4 Corridor, connecting Tampa, Lakeland, Orlando and Daytona Beach is favorite of McKinley for it’s unique position as a major economic engine for Florida. The firm owns and manages 55 multi-family communities along the I-4 corridor. Albert discusses the firm’s attraction to the corridor as a region of of immense population growth.

  • I-4 Corridor
    • Tampa/St. Petersburg, Lakeland, Orlando, Daytona Beach
    • 3/5 of Florida Residents centralized around I-4
    • 6.5 million residents (6th largest population concentration by geographic area in U.S.)
  • Economic Growth
    • 1.3 times over growth rate of South Florida
    • Panama Canal to introduce Port of Tampa to new markets
    • All Aboard Florida rail project to provide high-speed transit between Orlando and South Florida
      • Tourism/Entertainment
        • Theme Parks in Orlando and Tampa
        • Coastal attractions

For any investor seeking to improve their success in the real estate market, Albert believes that a mentor is an invaluable resource for investors. The expertise and understanding of a seasoned investor can provide knowledge and guidance to make actionable investment decisions.

Albert cites Colin Powell as a distinct influence on his development as a leader. Despite his focus in military and politics as opposed to business, Gen. Powell established himself as a true leader in his field and exhibits the qualities of leadership that can be applied to any individual.

Check out Colin Powell’s literature on leadership on Amazon

To find out more about Mckinley’s properties in Florida visit their website