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“Inventar”: last episode, we were introduced to this phrase by our guests, Josue Romero and Juan Nunez. The hardships faced in Cuba as young men and as immigrants to Florida instilled in them an invaluable determination to thrive and to make the best out of any situation given – to invent success out of nothing through hard work. This episode, we learn how Juan and Josue applied these principles to Florida real estate as we trace their success stories from their introduction into the real estate industry to where they are today.

Josue was introduced to the financial side of real estate in 2009, at the peak of the financial crisis that crippled Florida’s real estate markets. We learn how he was able to find success as a mortgage broker despite the dire state of real estate financing. Juan, with Josue as his mentor, entered the investment side in 2011 and quickly found success in the single-family residential markets fixing and flipping. Together, Juan and Josue formed a dynamic, cooperative relationship founded on principles of hard work and perseverance and are now leaders in Florida’s single-family markets. Josue is the owner of MyLendingHub.com, a mortgage calculator website and Juan is owner of Zenun Enterprises, a real estate investment firm. This episode, they discuss their approach to lending and investing as well as the current state of Florida and Hillsborough’s real estate markets.

• Focused on Single-Family Markets
  • Majority fix-and-flip deals
  • Emerging in development and construction
• Hot Hillsborough SFR Markets
  • Carrollwood
  • Citrus Park
  • Town ‘n’ Country
  • Northdale
• Appreciations not really a problem for next couple years, but investor pool diminishing
• Lending markets moving from FHA to conventional institutions (Fannie Mae, Freddie Mac)
  • 3% down for qualified investors and lower premiums than FHA
• Tips for Investors
  • Focus on single market and expand only after well-established
  • Large portfolios are difficult to manage alone
  • Have a team; network with agents and brokers
  • Due diligence is key
  • Stay in budget

For lending inquiries or solutions, contact Josue by phone – (813) 802-6970 or visit www.mylendinghub.com

For any investment inquiries or potential investment opportunities, contact Juan by phone – (813) 766-2959

The post Ep. 80 Cuban Immigrants – Coming to America & Discovering Real Estate Part 2 of 2 appeared first on Real Estate Investing in Florida.