The Nadlan Group Real Estate Podcast
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Thursday Jul 29, 2021
Thursday Jul 29, 2021
Choosing a Plot of Land for Construction- Noam Segal - Entrepreneur of the Week - Post 3
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Hi, everyone,After yesterday we chose the right district the next thing buying a plot 😁.There are all sorts of reasons why people buy land, some are building on a future increase in value and some want to build a house for sale or rent.In any case, you must do your due diligence because you can get stuck with muddy ground that is not suitable for construction or just not intended for the purpose you wanted and then go change designation (possible, but you do not want to be there if the time component is not taken into account…).So today I decided to treat you to a checklist of things to check before buying a plot (feel free to add more of your own):
What's the zoning of the pitch? What is actually allowed to be built there?Has the field been developed?Are all the infrastructures in the lot?Has the field been parcelled?Does the pitch have an address?What is the PARCEL ID of the lot?What is the pitch number?Is there a SURVEY of the pitch?Removing a map of the neighborhood from the district and finding the lot on the map.What is the topography of the pitch? Ascent, Descent, Plain Should Retaining Walls Be Built?Is the plot in the FLOOD ZONE?Is it a stream or a water channel?Do they have IMPACT FEE?What is the COMPS of lands in the area?Check what kind of houses are being built in the neighborhood.What are the prices of homes in their sale?Is there a HOA in the neighborhood?What is the PROPERTY TAX price of the plot in recent years and has it been paid?What is the type of sewer in the SEPTIC or PUBLIC SEWER neighborhood? If it's SEPTIC need to perform a perc test!If there is a sewage infrastructure in the neighborhood, check SEWER CAPACITY!Talk to the neighbors.Look with your eyes on the pitch and do not forget to look up too 😳Consult a realtor from the area who sells new construction.Understand the finishes required in the neighborhood.Take quotes from contractors.Check that the numbers make sense or how to build a business plan since it will make sense… 😁Of course if the pitches have not been developed then it is a completely different game and then the requirements are more complex and need the help of experts. I only recommend people who have done it in the county in question. A building permit will not be issued until the development of the plot is completed and the time component must also be taken into account here.In the video - one of our projects in Atlanta during the field test phase.Hope I helped, good luck to everyone
Continue reading on our site...https://www.forumrealestateusa.com/20...
---------------------------------------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
Wednesday Jul 28, 2021
Wednesday Jul 28, 2021
Choosing the Right District for New Construction- Noam Segal - Entrepreneur of the Week - Post 1 + 2
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Hello friends,First of all, thank you very much to everyone for the reactions and paragons in public and in person!Today I want to talk about where you are going to build the house.In the US 50 states so of course every state is different, for example a mediator contract in the state of Texas as opposed to a mediator contract in the state of Georgia is different.The required bureaucracy is also different and the building codes are also not uniform between the countries.But this is not the end of the verse, at the beginning of my journey I thought that if in the state of Georgia in Clayton County it takes a month to get building permits it is the same in Decalve County. So it's not, in Dekalb County it takes 6 months.From my experience in the last five years the smaller the district the easier it will be to get the building permits and pass the inspections. As there are fewer people you can pick up the phone to the supervisor and close matters.In a large district it will take construction inspectors longer to arrive, they really do not care if they delay your work and sometimesLittle things that can even be closed in sending a photo delay the project.A little story about an incident that happened to me in one of the projects:I had to demolish an old house and build a new one, on the face of it everything had to work.The contractor applied for the demolition of the house and the film began. The Ministry of Construction did everything possible not to give the permit including marking trees as an excuse that we are not allowed to demolish the house when we explicitly said that we are only destroying a house and not touching the trees. I will just say that the process was very delayed due to all the difficulties they piled on us and then a letter arrived in the mail from the legal department of the same district saying that they would put Lynn on the house and summon us to court because the building is dangerous to humans 🤦♂️So on the one hand they do not give me a demolition permit and on the other hand they sue me for not demolishing the house ???I went to talk to the district attorney and explained the situation to her, and after I gave her the application numbers she gave us an extension.I went with the contractor to the Ministry of Construction, showed them the claim and explained to them that I had talked to the district attorney and that if they did not give us permission to demolish then they would have to give explanations to the judge. Suddenly like a magic wand they dealt with an immediate request and approved the demolition.It was an amazing moment that I will not forget. In retrospect, it also turned out that the person who complained was the CODE ENFORCMENT department and moreIt turns out that if the owner does not demolish himself they bring in their own demolition contractor and charge you an exorbitant price. Someone from the department was a friend of the demolition contractor and they are doing a combina- tion between them.Another case we had is a district that was under federal investigation because it violated the sewer code (laws and regulations about how much is allowed to be loaded on the sewer) and that caused them to load it more than the standard allows. The investigation caused all SEWER CAPACITY approvals to be stopped no matter if you are building a restaurant, a school or a house. The investigation also caused general delays in the district, and the approval process was very slow and caused significant delays in the project.We could have overcome these obstacles more easily if we had worked with a contractor who works and knows the above district.
Continue reading on our site...https://www.forumrealestateusa.com/20...
---------------------------------------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
Tuesday Jul 27, 2021
Tuesday Jul 27, 2021
Risk Management in Real Estate - Idan Avivi - Entrepreneur of the Week - Post 5
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement
For those of you who remember the introductory post, I started my career as a project manager for information systems at a high-tech company. As part of project management, I managed budgets, teams, schedules and the like and this of course helps me a lot in managing construction projects today but the most important thing I took is risk management!Investments by nature are also risky, some more and some less so but there will always be some risk element in them. The beauty is that we have the ability to reduce risk even significantly by a well-organized risk management plan with pre-prepared contingency plans.I have put together some ideas that can help in risk management in investing in new construction that have kept us vigilant and helped us easily overcome several crises (Corona have we already said ?!)Let's start with the business plan - it must be as conservative as possible! At the end of the day the numbers tell us a story and if the story does not end well then do not start reading… Do not try to reverse and renovate the numbers for a business plan to succeed. This is not good for you and certainly not for your investors.The business plan must include all (I emphasize) All costs. Costs of purchase, closure, construction, financing, related expenses and everything that needs to be spent on the project. This sounds obvious but it is important not to round corners.Always add Actra money and time to the project because there will always be some UAV. This is still new construction and there could be thousands of reasons for delays so to be prepared accordingly.Perform comprehensive field tests - work with a checklist every time a new project comes in so that during the due diligence period you will not miss anything that you will regret later. The checklist should include conducting a survey, making sure in front of the building code at the municipality that you can build what you want, checking soil and loads, and that way you will know that you are embarking on a project that you are 100% sure you can perform. It has already happened to us that following a load test we dropped a project because the ground was too soft for the house load.One of the main risks for me is financing. After all, we get help with a construction loan and if things are delayed and we have to keep paying interest every month, it can create problems. We have two main solutions on the subject:
For each project we raise the cost of the space along with all the associated costs (architect, demolition of the house etc.) and so we take and start paying on the construction loan only when we physically start building. So if there is suddenly a mysterious virus called corona and we are in the middle of preparing architectural plans then the project will indeed be delayed but the fund of investors will not be harmed because we are not yet repaying interest.We reached an agreement with our contractor for the route of a fine-award. If he meets the deadlines then he will get a few more percent, but if not then he will pay the interest of the construction loan in our place.Advertising the property for sale - The advertising is done as soon as we have plans approved by the municipality and we advertise the property "on paper". This leaves us several months until construction is complete and gives us plenty of time to sell the property at the target price we set.
Continue reading on our site...https://www.forumrealestateusa.com/20...
---------------------------------------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
Saturday Jul 24, 2021
Saturday Jul 24, 2021
Why new construction? - Idan Avivi - Entrepreneur of the Week - Post 4
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors
One of my goals more than five years ago was to get into the new construction field. I was really drawn to it and always in my heart I knew that one day it would come.I wanted to feel that feeling of finishing building a house and knowing that you were fully involved in this wonder that is going to provide a warm and loving home for the family you will live in and it will leave my legacy for hundreds of years to come.But I knew it would not happen in an instant… I knew that in order to pick up a project like this I had to go through a few more steps along the way to know that I was doing things right. Nevertheless, there is a responsibility here for investors' money and the standard of construction.So the first step was to do flips to start getting to know the structure of the houses, how to approve plans, familiarity with the electrical and plumbing systems and any piece of information I could amass. After all, houses in the United States are built a little differently from the Israeli form of construction and it is worth knowing how.There were even a number of flips that would fit apart from the basics of the house we replaced almost everything. This allowed us to get to know in depth the different systems, how employee approval processes work with the municipality and how to work with contractors.In the second stage we started to do market research with contractors, construction costs, recommendations and the like.And in the third stage we did market research on lenders for a construction loan.So what are the main benefits of new construction:Already two years ago we identified in the Tampa area a significant lack of housing supply and all the more so of new construction. Today, every second article talks about a drastic lack of supply compared to the demand in the United States.New construction in areas of demand will almost always have demand. This allows for more confidence in a future sale.Unlike in flips you sometimes buy a house and start peeling the walls and finding surprises and braces that will sometimes significantly hurt the business plan, in new construction this of course can not happen (there are other braces but that's for another post).If you ask a crowd of buyers they will always prefer a new construction over a second hand house as the construction meets stricter standards, the current expenses on the house are significantly less, the buyer can choose upgrades to the house and adapt it to his wishes.As far as the bank is concerned, it is much easier to get mortgages on new construction and with interest rates today buyers are telling themselves that if they already have a mortgage then it is better on a new one.Profit from land development and construction entrepreneurship. We produce value and do not wait for market value increases. Many times just as a result of land development, parcelling and land division we are already with a high upside on the money and that is regardless of market forces.Project times are very fast and can take between 8-30 months.As an entrepreneur, the ongoing work with the investors is significantly less as the investors are passive investors throughout the duration of the project so there is no ongoing care like in house rentals and maintenance.And of course the profit line, we have a rule of thumb that we only get into projects that will yield a minimum of 30% gross on the investment and that allows us to manage risks optimally.In the next post I will tell how to manage risks in the best way to create a winning deal!Successes alwaysIdan
Continue reading on our site...https://www.forumrealestateusa.com/20...
---------------------------------------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
Saturday Jul 03, 2021
Saturday Jul 03, 2021
When I started dealing in real estate very quickly I came to a very simple conclusion: it is not so easy to attract investors! Transactions abound (and so do investors) but recruiting someone to put their savings with you is not an easy thing, especially when you are just starting out and still do not have significant experience.So here are some rules that helped me a lot to get started and accumulate my investors' mailing list:The first rule: the investment is in you and not in the property!Investors who invest in the US without having physically seen the property, without really knowing the area, will not really invest in the property but in you !!! It is a trust based investment and the trust is in you!So first thing listen, ask questions, take an interest in the person sitting in front of you (this is a rule for life - even if it is not an investor), do a little research before you meet, whether by social networks or a conversation with the person who referred the investor and find a common denominator between you Enrich the conversation topics.Put the investor at the center and it will pay off hugely for you.The second rule: Fake It Till You Make ItYes it sounds bad I know… but if we translate the definition from English we get: "By imitating confidence, ability and optimistic mindset, a person can realize these qualities in his real life and achieve the results he seeks".That's how I started recruiting investors!It is true that in the beginning those who really trusted me came from my immediate environment such as family and friends, but in order to increase the circle of investors to more external circles, you must show and convey the confidence of an entrepreneur who has been in the field for 20 years. Do this by writing and practicing your pitch, demonstrate knowledge in all areas around the investment (e.g. taxation, the process of obtaining building permits, transferring funds to the US and opening an LLC) and gather all the questions always asked by investors and practice answering these questions immediately In the future (at the end of the day the questions repeat themselves).When the person in front of you feels your confidence and the vast knowledge you have, it will cover up your little experience and the chances that they will score with you will increase significantly.Today I am already in great condition with proven experience and results but this is the way to start…Rule Three: If you are not there you do not existBe online in all its shades! Website, Instagram, Facebook, live, tips, add value online and in the end it will pay off. This week's writing of an entrepreneur is also part of the matter…This connects to the first rule on trust. Once they see you in every possible media, it shows that you are an authority in the field. The added value and tips you will give is what will connect the investor to you at the end of the day.Proper disclosure, this is something I am still learning myself and in need of improvement, and thanks to the great forum that contacted me to be an entrepreneur this week and gave me the stage 😊I hope that from my personal story you might take something on the road and come on out and recruit!Live powerfullyIdan
Continue reading on our site...https://www.forumrealestateusa.com/20...
---------------------------------------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
Tuesday Jun 29, 2021
Tuesday Jun 29, 2021
In Real Estate, Sometimes you win and sometimes you learn - Idan Avivi - Entrepreneur of the Week - Post 1+2
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage
It just sounds better in EnglishI'm naturally optimistic! I always have been. I do not know how to explain it but all my life I have always looked at the half full glass and I think this approach has always helped me in life and of course the real estate field as well.You must internalize that economic change takes time!Social networks, conferences, etc. will always tell you how easy it is to make real estate and how they found a deal that earned them tens of thousands of dollars in two days of work, and the thing is that it is possible but in front of every such deal there are dozens of other deals that failed Or from the ego, you just will not hear about it and statistically these are most deals.So keep in mind that in order to lift a thriving real estate empire you will fail along the way!It is important to internalize that failure is a temporary thing and has one meaning - it gives us knowledge that something is wrong with our program.Failure basically just shows us and directs us in the right direction. The failure should be accepted as a sign that the investment strategy we have built is unfounded and needs updating.Do not say sometimes you win and sometimes you lose, but sometimes you win and sometimes you learn. You will learn from mistakes, do not let them stop you, many times the treasure is the very journey to it and not the treasure itself.You need to be able to present failure as feedback. Feedback that will teach you lessons on the road to success.This of course sounds easier than it really is, after all we all experience failures during our day to day work, with family and friends and it is easy to forget the basic rules and feel like a failure after something goes wrong. It's okay we're allowed and even worth staying in bed the next day tucked under the blanket.Feel comfortable because this is our first instinct to feel disappointed after we have invested so much in ourselves and failed. After such a defeat it is not easy to get up again and still try to learn from it a lesson for success but one must not despair. Your greatness will be measured by the ability to internalize, contain and learn failure.In a previous post I told you that my first real estate business in the US was at Ralley North Carolina. At the time I started to interest many dozens of investors who all expressed interest and wanted to invest but somehow it never matured to the conclusion of the deal.I was frustrated!How can they not see the immense benefits that for me are so obvious! How come they do not understand that I am going to make them cash registers ??? !!!So I signed up for a few marketing courses, read a few books on the subject, sharpened my closing sentences, improved my body language and the deals were not long in coming.In another case I was looking for a Hard Money Lender lender for the first deal in which I took leverage and fell victim to a sophisticated scam. I got to the lender through quite a few recommendations from the Bigger Pockets website for those who know (who in retrospect had a fake and part of the show).Everything seemed right, they sent an appraiser to the property (which was also part of it…) the fake documents matched everything and it really looked like we were on the wave. I did not even suspect that something was wrong when we transferred $ 40,000 to him in the closing costs… Since then his traces have disappeared. It could have broken me at that moment but we put the past behind us, we learned a lesson in reality that in life I would never have taken in any course and I can assure you that I also studied the lending field so well that it never happened and will never happen again.
Continue reading on our site...https://www.forumrealestateusa.com/
---------------------------------------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
Monday Jun 28, 2021
Monday Jun 28, 2021
So let's talk about why such a market and how to write a winning bid. - Nati Horev#EntrepreneuroftheWeek Nati Horev # Post 5
As we all know because of the low interest rates and the moratorium - which is the government's decision not to evict non-paying residents, whether it is tenants or homeowners who do not pay a mortgage - which also included the ban on electricity / water / gas companies and the municipality to stop services if a person does not pay- Caused a shortage of homes-people do not leave (they have no reason) anyone who has relatively reasonable credit - credit is the American rating system, which directly relates to how a person pays debts, and how many debts are registered in his name in relation to his income and every time a person tries to purchase a large product on loan - Car / house / rental or open an account in his name - electricity / internet / gas / credit card etc. check his credit.The more he pays on time and does not owe money the higher his credit will be.A situation has arisen where there is insane demand for properties but no properties .....Add to that the fact that during the Corona people did not dump, drive, buy, change vehicles - and have cash that can help them in the initial purchase of the property. Add to that the low interest rates and you get a market saturated with buyers and few assets.So say people are paying too much ... I'm watching the fall of 2008 so why buy ???Unlike 2008 where people can get from the bank a higher price than the property is worth, today the banks are smarter!Buying a house where you will live - you can buy with a minimum investment of 5% of the property price (exceptions include military personnel and buyers of the first house)Investment properties / second property will already be between 20-25% of the value of the property and the more assets you have, the higher the opening amount you will need.In fact, the banks insure themselves so that it is not worth it to stop paying - the loss of the house will cost you more than continuing to pay / sell yourself and this is how the state ensures that house prices remain strong and do not repeat the prey of 2008.Property prices are definitely going up but once a house is sold it automatically goes into the pool of houses sold and becomes part of the test when the next house is sold in the area and so the next house is already leaning on it to determine the market price in the sale.So how do you actually write a winning bid?1-First of all a good relationship between the realtors- in the end the realtor also has weight ..2-Clean offer - Most of you buy in cash, which makes it easier to buy.3-Tests- Tests for information only- relatively short time for testsThe test of the termites pay for yourself and do not let the seller pay.4- Give the seller what he wants - and this brings us back to section 1- Good communication between realtors - whether the seller prefers a quick closure or actually prefers to continue living in the property and pay rent.5- Selling a property in Virginia to a seller ranging from $ 1000-2000 Is it worth offering the seller to pay his share? Lots of times people are tempted by gifts but it does not cost you too much.Successfully !!
Continue reading on our site...https://www.forumrealestateusa.com/
---------------------------------------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
Wednesday Jun 16, 2021
Wednesday Jun 16, 2021
Should we Use a Title Company or an Attorney at Closing? - Nati Horev - Post 1+ 2#EntrepreneuroftheWeek Nati Horev # Post 3+4
Post 3 - Broker in Sale-So first of all we interviewed some realtors and found the one that impressed us and we seem to get along with the most.The first step is to decide on a price-The broker will prepare a Market analysis for us, which is basically a market study that combines all the recently sold and similar properties in the area of our property.And when the property is ready for sale - the realtor photographs it and uploads it to MLS - which is the largest property search software in the United States.Do not give up on him and demand a professional photographer - people buy with their eyes, and nowadays if someone comes to see your house it is after they have already "seen" it in the pictures then it is actually a second or third or tenth show - do not be tempted by agents who take pictures with the iPhone!At this point you start to come and see the house and he makes an Open House and you receive an offer - the agent will go over it and send it to you and explain to you exactly what you are signing and what you promise to give.The agent will also go through with you the PICRA - which is the list of issues the buyer asks us to address, after he has done his testing.The agent will take care of the completion of the transaction from the beginning to the end where you sign and receive your money.It is important to note in the US the broker does not receive money until the deal is closed - never pay the agent before.One little story about how important an agent is (even though I have a thousand stories)I have now bought a house with my clientFSBO- For sale by ownerNot only will he price the house lower than he could have received (the market has changed a lot in recent months) also in my negotiations with him I was able to get him to do lots of things that were not needed - paint the house, replace carpets, sand floors, repair cabinets and of course bring Termite clear letter. Everything is written in the contract and signed by both parties - my customer the buyer, who has never been home or in the area did not understand my happiness 😊When the bank's appraiser arrived, he would price the house for $ 35,000 more than the price my client paid !!! Of course if they had taken a broker it would not have happened - and the broker would have cost them much less than they lost, and for sure they would have come out with over $ 20,000 after his cost and more money from the repairs they spent for free.So do not be they go with an agent!Closures from the recent period
Post 4 - Closing company or a lawyer and why?Entrepreneur of the Week Nati Horev # Post 4So you have reached the end and now you have to choose a closing company or a lawyer even though they both do relatively the same thing there is one very essential difference! If something gets complicated and things can definitely get complicated ... a lawyer can lend you your case and a closing company will refer you to a lawyer who will cost you money.Since the payment is almost the same between the years you will always prefer a lawyer.Another thing, if the other party in the transaction uses the same lawyer, you will replace a lawyer ... If there are problems with closing, he will not be able to accompany either party.When you reach the end, in case you buyers will offer to buy Title insurance-So what exactly is it and why is it important? Title insuranceThis is the warranty on your property, this is a one-time payment in direct proportion to the value of the property that insures you for the entire period you hold the property, in case someone comes and has claims. They check that the property is clean and the property can be purchased without objections and assure you that if there is a problem they take the responsibility.
Continue reading on our site...https://www.forumrealestateusa.com/
---------------------------------------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
Monday Jun 14, 2021
Monday Jun 14, 2021
Real Estate Broker at the Time of Purchase - Nati Horev - Post 1+ 2
#EntrepreneuroftheWeek Nati Horev # Post 1
Hi friends and precipitation,Thanks for the opportunity to post here and what fun you chose me to post in this excellent and cool forum.I really like reading and of course sharing my knowledge and learning a lot here.Because as we all know this business is constantly changing and it is of paramount importance to keep learning to change and move forward because to stand in this place is basically to take two steps back.So I'll start with who I am-My name is Nati and I am the mother of the stunning Omri and Arbel. I am married to Nir, who is a doctor and medical director of geriatric institutions and lives in Virginia Beach, USA - we moved to the United States in 2008 and to Virginia in 2014. Apart from being a flipper, I am a real estate buyer and seller with locals and investors. This year alone I have already sold and bought over $ 10 million when for years I have been first place in my company as a buying and selling agent.It was not an easy task for me ... I came from sales and a self-employed home and I knew that working for someone was just not an option for me .... as my father says - "Self-employed are the only people who are willing to work 200 hours a week for not working 40" Americans who are sure that the heavy accent and lack of understanding will break me quickly but were deceived when they realized I was not playing .....To be the 1% you have to do what the 99% do not do and that is my motto ....Virginia has a lot of military personnel so the turnover of tenants, buyers and sellers is relatively fast so it is an amazing market to own houses for rent when people stay at home for a relatively long time for tenants and the money is relatively safe because the salary is fixed.Because all the real estate agents mentioned here write about flips / transaction analysis / husslers, etc., I chose to focus on the issue of real estate agents and why they are important.I would love for you to join, read, ask, and I am here to answer all the questions And always happy to help here or in private!So what will we have this week?Realtor for KenyaBroker for saleWhat is MLSWhat is Market analysisWhat is EMDWhat is HOAThe difference between Home owner association and condoHow to win a bid in such a crazy marketClosing company or lawyerTitle insuranceInspectionsHome InsuranceWhere are the homes registered and how will you know they are really yoursAnd another full full of important pointsEach post will be accompanied by a light-hearted story from my life as a mediatorCome on, let's get started .....
Broker at the time of purchase.Entrepreneur of the Week Nati Horev # Post 2So you decided you wanted to buy a property, invest, flip, or for you to live ... And what now?In Kenya - a broker will refine the search as needed-Investment house The realtor will look for you a property in better condition, a newer roof, windows in good condition, less investment and a quick start to income.Flip House - The realtor will look for a property for you in an area where the return on the sale is significantly higher than the price of the property so that when you invest the money in the renovation you can get a high profit.Home for you - most of the time we will look at schools, crime level, air pollution, neighborhood, home area and what our needs are, grass, renovation according to our taste or is it worth renovating alone, etc.These requirements the broker will put into the MLS which is the largest software locator software in the United States.So you found a house and decided to buy it, at this point the realtor will do Market analyzes for you - which is basically where the price of the house is located in direct relation to the market.
Continue reading on our site...https://www.forumrealestateusa.com/
---------------------------------------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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Contact Us At:https://www.forumrealestateusa.com/Phone: 978-600-8229Email: Support@ForumRealEstateUSA.com
Monday Jun 14, 2021
Monday Jun 14, 2021
Transaction Analysis - Virtual Wholesaling Case Study - Yoav Lavee and Haim Mamane. - Post 5+6 #EntrepreneuroftheWeek Haim and Yoav # Post 5+6 Want to share with you behind the scenes of a deal that closed virtually a few months ago. A deal that resulted in an ASSIGNMENT FEE of about $ 31,000. The reason we chose to share this particular deal is because it incorporates some super important elements that we want to emphasize. We will share with you step by step the length of the entire transaction life and at the end we will also note all the exact platforms we used at each step. Disclaimer - It is important to check the level of legality for the area to which you are aiming to start marketing activities. There is no such thing as any kind of recommendation on how to act. We in this post just share what worked and works for us. lets start The first campaign to go on the list that contained that future seller first came out in May 2019 as a text campaign. A text message that looked like this - "Hi my name is Joe, I'm local and looking to buy houses in the area. I can even buy houses that need work or one with liens. Let me know if you int" It is important to note that today texts sent with such a scenario most of them will find themselves blocked and most of them will not reach their destination. Media companies are constantly hardening their algorithms and developing anti-messaging platforms that are considered "spam" so even from our place we will constantly want to refine our messaging script accordingly. The seller did not respond to us at all to the same text campaign nor to its successors who came in various forms of marketing who consistently went out to it for more than a year and a half. The first time we were able to contact the same seller was through the Cold Calling campaign in December 2020 (the recording of the collar is in the video attached to the post) - the seller in the same conversation with the collar confirmed that they would be interested in selling for the right price. It's basically his wife's brother and they have no intention of coming to live in Jacksonville. The seller confirmed to Koller that the price he would like to receive for the property is $ 100K. The collar recognized motivation and put the lead into CRM for our further work. When the lead went into CRM the lead was tested and we quickly identified the potential - the property is in a good part of town and the price expectation here from the seller is significantly lower than its market value. We made telephone contact that day with the seller - when the purpose of the conversation is: understanding the story - pain points, making good contact, understanding the condition of the property, anchoring price expectations and signing a purchase contract. It can be said that all the goals were achieved in the conversation except signing a contract for that conversation. The seller was more "traditional" and insisted that before we sign a contract he wanted us to see the property. In the same conversation we also realized that the seller has no emotional connection to the property, he actually belongs to his wife and he is not a source of income for them because his wife's brother lives in the property (does not pay rent) and he also bothered to point out that he does not even want his wife to move 'Xunville. He shared with us his and his children's family story and of course we also got a clearer understanding of the condition of the property. There was a good conversation. We set a day and time for our visit to the property - our boots (our man in the field) could not reach the property on the set day and we contacted our good friend EYAL PASTERNAK and asked if he could jump in to take pictures for us and as always Eyal was happy to help. The photos confirmed the condition of the property - we unequivocally understood that we have an interesting deal here under the asking price - on the one hand, we did not want to jump in and Continue reading on our site... https://www.forumrealestateusa.com/
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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.com You 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: 978-600-8229 Email: Support@ForumRealEstateUSA.com