The Nadlan Group Real Estate Podcast

Investing During Covid-19 Times & the 3 Most Important Things in Real Estate Investments - Avishai Vermouth - Entrepreneur of the Week - Post 3+4+5

Investing During Covid-19 Times & the 3 Most Important Things in Real Estate Investments  - Avishai Vermouth - Entrepreneur of the Week - Post 3+4+5
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction #Loans #Banks #Covid19 #Corona
In the next post, I want to share with you briefly how the Corona has affected me as an investor lender and my investors. I will talk about the difficulties of management companies during this challenging period and a little about what I think will happen in the field and where we are headed.So let's start with the fact that for management companies, this is without a doubt one of the most difficult and challenging periods. In our case, for example, due to restrictions on the eviction of tenants, tenants' debts to investors have accumulated to almost $ 200. In such a situation, investors do not receive fair income and management companies, do not charge management fees or at least significantly lower prices.
In addition, we were required to get out of the box and find "creative" solutions. We acted in two directions at the same time: for the tenants, we submitted every possible request for help from the state and at the same time we gave them help ourselves through discounts and payment schedule plans. 
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In the next post I will present to you on one foot and briefly, the things that in my opinion are the most important for a good and successful investment, which will allow us investors to sleep well at night.First and foremost, start by clarifying needs and coordinating expectations in order to avoid making an investment that is not right for you.What is your budget?When are you interested in meeting with the money?What level of confidence or risk are you willing to take?These and other questions are a very important part that any investment process must start from.
Once the needs have been clarified, it is important to find your right partners for the road and make sure that, God forbid, it is not a scam.To this day I hear delusional stories about investors paying themselves the rent from the purchase price, or those who bought in an area they are already willing to pay, just to get rid of the property because they are just losing out on it. It is very important to check very well who is the company that accompanies you in the investment, their local partners and the entrepreneurs in the field. It is important to ask for a list of recommenders and examine their investment portfolio and performance.
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I would like to dedicate this post to the newer entrepreneurs and investors who have not yet taken the first step and share the biggest difficulty I have encountered myself as a beginning investor that I have encountered to this day in beginning investors that I lend. The difficulty that later became the reason why I see accompanying investors as no less than a mission.I’m talking about the difficulty of jumping into the water and making the move at the exit for the first investment.Every investor has his own character and style and everyone has to go through his own special way before he decides to go out and invest his money.Sometimes we laugh at how insane it is in everything, but in every investment there will necessarily always be a risk. Even in investments where your fund is "guaranteed" at 100% (or at least that's what you are told, or that's what you tell yourself), there will always be the alternative risk, because even if you did not lose, or you earned only 3-4 percent return on investment Certainly, there is always the risk that you have lost the difference from another investment that could (perhaps) have yielded you a 7-8 percent return or more.
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
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The Bank's Considerations in Providing a Loan to a Private Customer - Avishai Vermouth - Post 1+2

The Bank's Considerations in Providing a Loan to a Private Customer  - Avishai Vermouth - Entrepreneur of the Week - Post 1+2
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction #Loans #Banks 
When I started as an investor, the equity available to me was only NIS 100 and I raised everything else from the bank on a regular loan (SOLO loan).I did not have any collateral or study funds to rely on, and the reason I was able to do so is only because I worked for 4 years at Bank Leumi in the field of private credit and I know in depth the bank's credit considerations. Thus, I knew how to adjust my data to the conditions set by the bank.
Once you are familiar with the bank's basic system of credit considerations, you can actually know in advance whether the bank is at your disposal and if so, more or less on what terms and what should be presented to the bank at the meeting where you apply for a loan.Before we dive into the explanations, let's start with an important tip - I want each of you to open his bank's app for a moment and look at the lending category, if he has a suggestion there for what the banks call "automatic credit" or "click credit".Sometimes the bank's system opens to the customer an automatic option to take a loan, which is immediately transferred to the bank account without the need for a bank approval or the branch. What is interesting here is that sometimes the terms of these loans can be completely not bad. * It is important that you pay good attention to interest rates because sometimes these are murderous and irrelevant interest rates and sometimes the interest rates are good interest rates.After the tip, go to the main point:So what are the bank's considerations in providing an all-purpose loan to a private customer, which is not given against guarantees and collateral?(* Such a loan that is given not against the provision of guarantees or collateral, but based on the customer's condition and according to the bank's considerations is called a SOLO loan).
The bank examines the provision of credit to the customer according to the following 5 criteria:1. The nature of the customer - By and large, the bank wants to see that it is dealing with an ordinary normative person2. Client capital and collateral - It is important to note that even if you do not have capital or collateral, this does not mean that it is impossible to get a loan.3. Ability to repay - this is the critical part and I will expand on that here4. Seniority in the bank and proper banking conduct5. Customer ageIn my explanation, I want to address the repayment capability parameter, which I think is the most important because once you know it and can calculate it yourself, you will understand where you stand in terms of the bank and whether you deserve a loan or not. That is, you will be able to understand more or less how much you can get and maybe you will also be able to make some small changes in the management of the account, which will allow you to get a loan exactly on the terms you are aiming for.So how does a bank calculate a customer's ability to repay a solo loan?The key, according to which the banks work, is that the total fixed expenses will not exceed 40% of the total disposable income.
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
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Why Do We Need a Real Estate Broker Anyway & The 3 Golden Rules for Successful Investing - Post 5+6

Why Do We Need a Real Estate Broker Anyway & The 3 Golden Rules for Successful Investing  - Rinat Reuveni Lerner - Entrepreneur of the Week - Post 5+6
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction #Ausin #Texas
What to do, we have to admit, in our eyes, the Israelis, a realtor is the one who makes you happy for exclusivity, shows the house, takes a commission and disappears - it may be that many realtors honestly earned the degree, but as in many professions, there are the very good and there are those, " You make a bad name for the profession. ”Many Israeli customers and investors are shocked when I describe to them the process of buying a property in Texas (I emphasize 'Texas' and not the United States because the US brokerage license is per state), it is so much simpler than in Israel, and also safer and faster - and for the whole business This one here wins… you guessed it… the realtor! (Sound of trumpets).There is a big difference between the "job definition" of an Israeli and an American broker.The broker here has a great responsibility towards his client, the accompaniment is throughout the process. He is responsible for locating and finding the property, visiting the property, filming a video or live video, issuing Comps (rental prices and sales in the area), drafting the contract (in Texas you do not need an attorney to buy a real estate property), signing, bidding, Negotiations with the other broker, improving the offer if necessary, coordinating and managing the inspection (home inspection), negotiating with the sellers on the findings, help financing the project with the lenders, types of mortgages, help with the title company… On each of these issues you can write an entire post .And if all goes well (no onion) - managing the closing where money is transferred and the property is registered in the title in the name of the buyers.Only (!) At this point the broker actually receives his commission from the seller - that is, the investor (buyer) does not pay his broker anything. Nothing.There are very rare cases where the seller is not willing to pay a commission to the agent and it will usually be known very early in the transaction stages - then, there will be cases where the broker will ask his commission from the buyer (it has not happened to me, tap, tap ..) but again, all parties knew it In advance and there is full transparency as to who pays to whom and how much.
All of the above are different in commercial (commercial) transactions - a different type of specialization… for another post…The role of the realtor is to find you a property that suits you, your needs, your goals, no matter how much effort it will require. A good broker will also tell you what not to buy and what to stay away from - and I have already seen deals that exploded two days before closing because there was no proper disclosure or "new details" were discovered.Every broker must be connected to a real estate broker, the broker is in fact the body that takes responsibility for the broker's activities, insures him and also shares a commission with him. It is very important to ask the broker who his broker is and whether there is a serious company behind it because when things get complicated (and veteran forum readers know this well) you want a strong body with experience on your side and not someone who will disappear.
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
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And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
Contact Us At:https://www.forumrealestateusa.com/Phone: 978-600-8229Email: Support@ForumRealEstateUSA.com

Is Austin Texas the Next Silicon Valley & Can You Still Find Investment Opportunities - Post 3+4

Is Austin Texas the Next Silicon Valley & Can You Still Find Investment Opportunities - Rinat Reuveni Lerner - Entrepreneur of the Week - Post 3+4
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction #Ausin #Texas
First of all, thank you very much for the paragon, the comments in the forum and in private - very heartwarming!So let's get to know the city of Austin - the capital of Texas.Austin is the fourth largest city in Texas (after Houston, Dallas and San Antonio), the tenth largest in the United States. About 1.01 million people live in Austin.With a 35 percent increase in the last decade, anyone who follows the news has already heard and knows that Austin Texas is one of the fastest growing cities in the United States in the last two years. The reasons are… (look surprised)…. Money 🙂Let's start with the fact that in Texas no income tax is paid to the state, only federal tax, how significant is that? Just for comparison, in California you will pay a 9.3% state income tax on a salary of up to $ 299,508 - in Texas 0%. In the upper range of salaries it reaches 12.3%.Dozens of high-tech companies have moved to Texas in recent years (the attached picture illustrates well) including Apple, Amazon, Tesla, Google, HPE, Oracle and more… and the demand for workers is rising and so are salaries in the entire high-tech ecosystem (somewhat reminiscent of Israel).So what's happened lately?Tens of thousands of high-tech workers from the "coastal cities" did one thing and another and realized that for the same salary they pay less tax here, get comfortable weather (hi to Chicago, Boston and New York), excellent public education system, lots of nature and travel, a country that loves to do business And lower barriers where possible (led to unprecedented immigration from California) and ענק huge houses with a large yard and endless spaces - and this is exactly where I come into the picture.Living in Texas in general, and Austin in particular is still cheaper than coastal cities, for comparison:Fuel - Austin $ 2.8 per gallon, San Francisco $ 3.98 per gallonElectricity - Austin 10.44 cents per kilowatt / hour, San Francisco 25.7 cents per kilowatt / hourKindergarten - Austin Between $ 1,300- $ 1,500 per Child per Month, San Francisco Average $ 2,570Then came the corona.Mortgage rates have fallen to an unprecedented low, families and investors have bought homes at 2.2% interest rates, fixed for 30 years ahead - the market has raged…In the corona year, 300 families moved to Austin a day (!) From all over the United States, and the real estate market doubled.In one year:In April 2020, the average time of a property in the market was 43 days, in April 2021 it was 13 days - beautiful homes in good locations will be snatched up in a few hours.In April 2020, the total real estate transactions in Austin and the surrounding area were $ 1.03 billion, in April 2021 - almost double that of about $ 2 billion!Homes bought in early 2020 for $ 350,000 will go on sale in 2021 for $ 450,000 and close in the $ 520,000 range. Completely insane.We are undoubtedly in the Sellers Market.Attached is a video of an article I helped prepare (and even see me at the end 🙂) along with our dear forum friend Gilad Oz that aired on the show "Pocket Animals" here 11 about Austin, Shaul Amsterdamsky explains why it is worth investing in Austin.In the next post - so where is the opportunity for investors? And what is my role in power?See you in 24 hours 🙂Rinat
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
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And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
Contact Us At:https://www.forumrealestateusa.com/Phone: 978-600-8229Email: Support@ForumRealEstateUSA.com

Austin Real Estate & What How Being a Pharmacist Relates to Real Estate - Rinat - Post 1+2

Austin Real Estate & What How Being a Pharmacist Relates to real Estate - Rinat Reuveni Lerner - Entrepreneur of the Week - Post 1+2
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction #Ausin #Texas
Then I told him "I do not care about anything, leave everything - move to Texas"I said this sentence to my husband on the night of February 2, 12 in the suite of the Hotel La Meridian on La Rambla in Barcelona.We went to Barcelona to celebrate my 40th birthday, to break away a bit from the rat race. Although it is quite corny, this disengagement sometimes brings insights that are followed by decisions from years of life - there are those who will call it "age crisis 40 .." 🙂Nice to meet you, my name is Rinat Reuveni-Lerner, 43 plus years old, mother of 4, a pharmacist in the previous profession and a real estate wife and realtor in Austin Texas.In the coming week I will introduce you to me and my work and deeds in Austin, Texas - this is the place I live and breathe and about which I can and am happy to tell.I want to thank the forum moderators who gave me the privilege of being an entrepreneur this week. I read all of you posts here and it's so inspiring to fly and do too - so this is also an opportunity to thank you, all the participants in this community, for being inspired.My flirtation with the business world began when I accompanied my dad setting up and selling a business, succeeding, failing, and reinventing himself countless times. I was always told to go and study a profession, and so I did, I studied pharmacy at the Hebrew University, and while studying I started working at Super-Pharm. I quickly became obsessed with the business side of pharmacies and progressed rapidly up the ladder (did anyone say hard work?) Until I became the owner of my own branch (in Super Pharm it is called “Fellow”). It was a business school - inventory management, huge team management, customers and customer service, finances, balance sheets, suppliers, agents, negotiations, meeting goals, etc. But something was missing, I want to continue… But where? After 15 years I returned to Super Pharm “the keys”, everyone around me thought I was crazy or had some stroke, but I could not see myself retiring when I did the same thing for 45 years !!Then, life had other plans. Pregnancy, twins, construction in Israel with a bankrupt contractor סט Fast Forward - I am a mother of 4, with one-year-old twins - no choice, return to my comfort zone, work as a district pharmacy supervisor at Clalit Health Fund, responsible for 37 pharmacies. I actually did not move anywhere. Life is good, 2 nice salaries, trips, 4 stunning kids… But, something is missing, it is clear to me that we are in a “cage of gold” and that is really not the economic freedom we are looking for.Back in Barcelona, ​​we get a call from my husband's job “Want to come live in Austin? "We need you there", he did not want - excels, calculations, and what is wrong with us in the country…. Then I told him "I do not care anything, leave everything - move to Texas" ). Three months later, we land in Austin for a new life - begin to understand who is against whom, meet new people, places, friends, the children adapt, and the thought begins to nest in me .. So what now? what am I doing here? what did I do??The pharmacy license is very complex to convert here and do I even want to? Maybe it's time to see what else I can do? What am I good at?I'm good at people… of all kinds… I'm good at managing teams, projects, moving things forward, operating - what do you do with it? And how do you even get started?
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
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And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
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My Love for Staging Real Estate Flips - Maor Buchnick - Entrepreneur of the Week - Post 5+6

My Love for Staging Real Estate Flips - Maor Buchnick - Entrepreneur of the Week - Post 5+6
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
So you already understand that I made a lot of houses for rent and also dealt a lot with flips, but what I have not yet revealed to you is that between renovations I have discovered that I am in love with the interior design part.I spent many hours thinking about each house, what it would look like, what wall we would break, what we would leave, color combinations, cladding, flooring, faucets, sinks, lighting, and more and more.In most cases I would also do staging and work closely with her.In short this interior design is a fee.I always knew that, already I changed the design of my room in my parents' house every year.And over the years, and in parallel with what I do, I studied interior design and used my abilities in both my properties in the United States and in Israel.And to my great joy, today I am realizing my love in parallel with real estate transactions, also working as an interior designerYou recorded the track - a tax lawyer, a real estate agent in the United States and an interior designer.I am in favor of diversity in lifeAnd for our sake,People, all over the world, love beautiful things, it's an inherent part of our world, especially today in the Instagram world that everything must look good, both us, and our homes.So, especially today, interior design plays an important part in our investment, and you will also be amazed at our profits.Although we'll have to spend a little more to design, in the end, it will pay off.I can tell you that designed flips can also be made in Israel, of course you have to be precise with the numbers and also take the tax / praise tax in Israel into account. But even here, in the country "I am not a sucker" are willing to pay much more for a designed house.And yes, I did flips in Israel too! I took properties in sought-after neighborhoods in the center of the country, broken and boring properties with a sea of ​​potential and through renovation and interior design I improved and sold at a nice profit.There is one important thing common to flips anywhere in the world, and that is - know your target audience.Because in renovations you can disperse and spend a lot of unnecessary money.So why should you pay attention before…First, one has to look at the houses in the area and check what level of renovation and finishes the home buyers are looking for in this area. Do you like carpets or wood floors more in the area? Is it customary to have a name in the kitchen, a common kitchen color, and so on.Usually, of course, the higher the price level in the case of Area A, the greater the demand for higher-quality finishes, and vice versa.If it is a rental property, what can be left, is preserved, and not in a hurry to replace old systems, if they work. The design will be more minimalist, with an emphasis on functionality and durability.So where do you find the finishing materials?I hear a lot about investors trusting the contractor to bring them all the materials. That is, the contractor’s quote also includes the materials. The so-called key contractor.It is indeed very convenient to work in this way, for the Israeli investors who are not there most of the time in the field, and saves a lot of fuss.But I claim this is a mistake.After all, the contractor, what is his purpose? To earn, he will buy you the cheapest finishing materials, and he does not care if a yellow brown floor for the kitchen is out of fashion if there is currently a sale on it and he will profit from the savings.Today when all the stores are online, what is the problem with ordering all the materials from Home Depot, Laos, Amazon, Target and more and more, and ordering delivery directly to your home.
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
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And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
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Things I Learned the Hard Way in Real Estate & the Partner that Betrayed Me! - Maor Buchnick - Entrepreneur of the Week - Post 3+4

Things I Learned the Hard Way in Real Estate & the Partner that Betrayed Me! - Maor Buchnick - Entrepreneur of the Week - Post 3+4
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Post 3:So what will we have in the following posts, it seems to me that most of you are already familiar with most types of transactions and concepts from the American real estate world, and I do not want to repeat others, so it seems to me I will just tell you some success stories. Magnificent, and also, what can be done with the talent of entrepreneurship in the country as well.So let's start with the successes (so that there will be somewhere to go later), but you matched, I did not want to tell you about successful homes I made, how much I bought, how much I renovated, how much I sold, how much I made, because it just seemed monotonous and boring. I will just say that I have earned quite a few flips and houses for rent, and if you do it right and smart, and of course understand what you are doing, it is a very significant income, depending on the scope of your activity and goals.I'm more interested in talking to you about what needs to be done to be successful. Or in other words, my post will deal with tips for success I learned about my flesh, blood, sweat and tears .. and I'm sure anyone can take something. so lets start:
Being surrounded by good company - when I started everyone around me did not really support, "why do you need all this mess", just dangerous, it is far, it is not safe, it is real estate. Really if I had listened to everyone I would have stood still. So my advice is do not listen to other people who are following you, who are not promoting you towards success. On the contrary, gather around you people who breathe and talk real estate so that you can feel the realm, live it, and from this place will also come the courage to start.Get started- I know some who just study, and study, another course, another mentor, have already dug up all of Google, they are already a walking encyclopedia for real estate, but what אחד one property did not buy. I think the real school is the territory. Only from there do you really learn and the real power in this field, unlike other fields, is not only descriptive knowledge (of course knowledge is also important and I do not recommend not knowing anything) but real knowledge and real power, is to see a good deal, and jump on it like a lion to prey, quickly and determinedly. And even then, after the acquisition know how to lead the right moves, all this is acquired only from experience, only with rolling in transactions, dealing with different situations. And no school will prepare you for this, so my recommendation to all sitting on the fence, just get started.Reward - The contractor looks so nice, we actually connect transmitters on the same wave, my agent is my best friend, and my foreman is family time. We Israelis are warm people, love to connect and trust others as if they are our partners, but, this is exactly the recipe for falls, trust others who will do your job for you, they are here for the money, first of all. So before you start make sure that everyone on the team has a clear financial interest in the success of the deal! Will feel this way, hop he is out of the picture and you will have one important link missing. So do not skimp, and reward the good people who work with you.Patience - well this is something I had a very hard time adapting to myself. And still working on myself and practicing breathing. I'm used to getting what I want here and now, and in real estate, it's not really like that, things take time, there are also bureaucratic processes, and sometimes I find myself sending dozens of emails every day, harassing my team, to make things happen now. 
Continue reading on our site:https://en.forumnadlanusa.com/2021/08...
---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
English:https://bit.ly/3bCvwQb
And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
Contact Us At:https://www.forumrealestateusa.com/Phone: 978-600-8229Email: Support@ForumRealEstateUSA.com

The Investment that Changed my Life - Maor Buchnik- Entrepreneur of the Week - Post 1+2

The Investment that Changed my Life - Maor Buchnik- Entrepreneur of the Week - Post 1+2
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Post 1:Hi everyone, I'm Maor Autumn Buchnik, I've been doing real estate in the US since 2015, and I'll be your entrepreneur this week, for next week. I'll try to give you a glimpse into my world. Hope you do not get bored 😜But first, we're going to dive into how it all started, because for me it all started in reverseI’ll start right at the beginning, because my story has an important moral to all the young people here.So I come from a Polish home, a home that my parents push to be either doctors or lawyers. I did not have many options because 750 in psychometrics is what it is not me, so I have option B left - lawyer!how fun!So here I am, a 22 year old girl going to study law, without really knowing what it means, I will summarize to you my 3.5 years of schooling, without too much “suffering” digging, 🤯 but I survived to tell.All these years I knew that this profession is really not for me, I am at all with a creative head, an entrepreneur, I thought interior design, I thought of beautiful houses, I thought deals, I thought real estate, I do not belong to law at all. Still, I graduated with 3 outstanding Dean's Certificates and a scholarship as an Outstanding Seminar Award winner, and I'm not telling to be arrogant yes? Tachles, anyone who learns like me, like a parrot, can achieve what I have achieved, I acted out of a desire to excel in what I do, and not out of a passion for the profession, and in this inner dissonance, I realized I was on the wrong path for me, but I continued, like a good girl, Prestigious commercial litigation somewhere on the 20th floor of some real estate monster in Tel Aviv, and also there I suffered and cursed every last day, but even that was not enough for me, at the end of the internship I moved to an equally fascinating field - "Taxes" I worked 4 years as a lawyer in the field. Another pompous office to another.Until one day - boom! Close the tax department at the office where I worked, what do I do now? I just got back from maternity leave, I'm with a 7 month old baby, I have a nice salary, I live well (but in a cage of gold) and basically at that moment I am told, get out, the gate has opened. So what's the schedule?!?With your permission, imagine that we are in a movie and I am now taking you back in time. (Fast gear)…. So I'm now after the military, doing a psychometric, taking out 550, announcing to parents that a doctor has not left me, but the main thing is that I have finished this damn and unnecessary test, and I want to live life! (Until graduation) And what is the thing that interests me the most? Well, believe it or not what interested 20 year old Maor and also interests her to this day, and interests us all about, was money! I'm 20 years old, and do not exactly see myself working at a gas station for 5000 NIS a month to get another 5000 NIS (grant) after half a year. I have to think big, how the hell do I make more money with only 12 years of schooling !. Then I discover that there is a whole world called Israelis working in the US, yes yes like many at the time, I became a foreign worker, and illegal in the land of endless possibilities (even then I understood it) in favor of dollars in the world of carts and door to door sales, I literally moved house A house and I offered pictures for sale, but friends, as a 20-year-old girl I made a great buck in a short time, I gave up the trip to South America, because I'm not one of those who will now spend all the money I made on the trip, I'm a girl who loves money. And I returned to Israel after half a year.
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Financing a New Construction Project with a Loan from an American Lender & a Real Deal Example - Noam Segal - Entrepreneur of the Week - Post 5 + 6

Financing a New Construction Project with a Loan from an American  Lender & a Real Deal Example - Noam Segal - Entrepreneur of the Week - Post 5 + 6
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Hi everybody,Today I want to talk about getting a construction loan from an American lender.Okay, so I'll start by saying that this is a really not a simple process for an entrepreneur who does not have an SSN or an American partner.If you are able to find a body that is willing to give a foreign investor a construction loan, the lender will want to check on you both financially and in terms of real estate experience for you. This will directly affect the terms of the loan he will be willing to give you.In addition the lender will also require to check with the operating contractor,He will ask for:• His company name• Contractor's license• Experience• Examples of projects he has carried out in the last two.He will ask you for tax returns from previous years, your and your company's capital statement, a printout of your bank account and more.After you go through this step you will need to view the project details:• House data you want to build such as size, number of rooms, baths, parking and more• Architectural plan of the house you will build.• An orderly budget for all construction• General insurance of the contractor• BUILDER RISK specific insurance for the current project• The lender will send an appraiser who will assess the value of the home after it is built.After going through all this bureaucracy usually anyone who has over 20 percent in the company will need to sign the loan, if you are not in the US you will need to use a POA and apostille power of attorney or find an American notary in the country (there are a few).The lender will never give you the full cost of the project usually between 70-80 percent and will require you to put your money first before he puts his money.There is no doubt that the process can be exhausting and sometimes everything seems to fall apart (it happened to us several times especially during the Corona period due to bureaucratic matters) but when it succeeds it fundamentally changes the returns of the project.Two other aspects that I really like to get loans for are:• The lender is actually another layer of protection in my tests and usually the appraiser is pessimistic, we almost always sold well beyond his forecast. If the lender is willing to give money then the deal makes sense.• The loan is never given in advance, the money you will receive is against the things actually done and the correlation to the budget you submitted to them. This is another way to monitor the contractor's progress.In the photos - one of the projects I did with a loan from an American lender.In my next post I will give a numerical example of a project taken with an American loan without investors.
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 my previous post I talked about conditions for getting a loan for entrepreneurs who do not have an SSN.So as most of you know house prices have risen significantly and so have wood and various building materials.Finding real improvement deals is not at all simple and within that also construction deals.Today I will show you a real deal I made right at the beginning of Corona April 2020 and used a loan from an American private lender to carry out the construction.The house is on a basement two stories above. House size 2634 SQ (without basement). There are 5 bedrooms and 3 bathrooms.The price of the plot includes closing expenses - $ 61000Construction price - $ 281500Selling price - $ 420000Brokerage expenses - $ 21000Closing expenses (Tachles goes to the buyer's mortgage) - 3500Total profit - $ 53000
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
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If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
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What to Do When Your Contractors Disappear in the Middle of a Project! - Noam Segal - Post 4

What to Do When Your Contractors Disappear in the Middle of a Project! - Noam Segal - Entrepreneur of the Week - Post 4
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Hello everyone,Continues today in the weekly series of postsAnd this time a story about a contractor I worked with.I will start by saying that this was not just a business relationship, he is a contractor I knew at the beginning of my entrepreneurial path through a broker from Meckler Williams.And the truth is it looks like I found pure gold, we started with two lightweight flips that worked great, opening brackets in my opinion an entrepreneur should be most careful if he is very successful on the first projects it leads to carelessness.Going back to the story, the contractor came to me and said: Listen in new construction you will have the opportunity to earn much more….I told him straight, let's go for it. After two weeks he came back to me with a 14-lot project in Atlanta,An entire street. Of course I was shocked at first but after doing my tests that were not enough at the time (because my knowledge of the subject was not enough) I purchased the plots and we started the project with 2 houses. The construction of the houses was incredibly fast and was completed after 6 months including the building and sale permits, really amazing and I was in the clouds.From here the relationship really developed, I met his wife and eldest son, we would have dinners together, the level of confidence in the contractor was high, I trusted him he did a relatively good job on time and on a set budget.We bought another 15 plots together and on the way we also made improvements and then suddenly the pace of work started to go down, at first he had all sorts of excuses and later the delays started to get more significant and then the corn came to us….He stopped working for 3 months and almost closed the business. At this point there were 7 projects that were in the middle of construction of course at different stages. From here there was no choice but to roll up my sleeves and dive into the depths of things, I traveled for a month and a half to the USA.Here also in my personal growth, not only in understanding the construction process itself but also deepening to understand what inspections he has to go through, I talked to the officials in the district construction offices to understand all kinds of issues related to permits, I talked to sales people representing building materials suppliers, I checked the prices Of the various works to understand if I get good prices and much more that the sheet is short…I learned a lot from the whole process. One of the issues that helped me overcome this hurdle was managing the budget in the face of progress and times respectively.Here I put my biggest emphasis. No matter how long you have known each other and how much you have become friends forever but foreverManage the payments only according to progress and my warm recommendation is: Separate the work materials and the contractor's fee.Today we have 2 last projects left with the contractor, the ones in the attached pictures, we are really there already in the last quarter of the project and it is going to be a stunning house, but I know that after he finishes the houses I finished working with him (hope he is not subscribed to this forum) I already have a new team in Atlanta and I'm doing more projects in Alabama… ..So overall I learned a lot, my real estate teachers would say it's all RELATIONSHIPS and it's true but it's not related to managing the construction project itself, I delved into the field of construction and my understanding today is much better. I also learned how to manage crises and deal with them….This is indeed not a cliché - to be successful you must experience crises and failures, they are the best teachers there are.And if not - then at least consult with someone who does experience 
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---------------------------------------If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!www.NadlanCapitalGroup.com
Our YouTube Channel:http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to: www.ForumRealEstateUSA.comYou can contact us on the site - we have more than 10,000 articles in 12 languages:www.ForumRealEstateUSA.com
Or join the Facebook group - 
Hebrew:http://bit.ly/2IfAAxH
English:https://bit.ly/3bCvwQb
And get weekly educational updates about the USA Real Estate market:https://bit.ly/2RjMwUF
Contact Us At:https://www.forumrealestateusa.com/Phone: 978-600-8229Email: Support@ForumRealEstateUSA.com