Flipping Out

Welcome to another episode of Flipping Out. This is Paul Lizell, your host here and with me today is Matthew Pezon. And Matthew and I are both in investor field real estate mastermind. Really good mastermind. He just joined recently this year. And what Ma Matthew's got a great interesting background here. He's gone from a chemical engineer to a full-time real estate investor this year.

Mathew Pezon is a real estate investor and owner of Pezon Properties – a team of local Pennsylvania buy-and-hold experts who purchase and improve rental properties in the Lehigh Valley real estate market. Matt worked for 12 years as a chemical engineer before transitioning to a full-time real estate investor after double hatting for almost 9 years.

We're gonna dive into that. So I'm gonna throw it to you right now and, and get into your background. One year, chemical engineering, right? Yep. And then what led you to real estate and why did you want to go full-time? I know that's all I can chew on, but say this stuff for that. We'll, we'll start talking in between.

Yeah, sure. We can we can unpack. So a actually, I I stumbled across real estate investing in a totally roundabout way. It was actually through my love of Spanish and traveling which may resonate with some of your, your listeners. So during college I went to Lafayette College in Eastern Pennsylvania. And I, I studied internationally in Spain for six months and I, I got to travel and, and then I actually went back to pursue a master's degree. I did a Fulbright scholarship and I did a basically an MBA, the European version of that. And, and I, I wanted to go back to school because I didn't before. I went back to do my MBA. I was working for a large chemical company. I didn't have the financial wherewithal, but I knew I wanted to travel and I knew I wanted to go back to business school. And so I went to IE. Business school in Madrid.

During the coursework there, when I, I had no intention of getting into real estate. I, I had no intention of even learning about it, but it's an entrepreneurship based program. It's they did a module on, on finance and they touched for a quick moment on real estate finance. And it, it opened my eyes to the real estate investing world. I knew once I got back to the United States that I would that I wanted to pursue real estate entrepreneurship and real estate investments. And so I, I actually got into real estate outside of the country. I, I, I didn't know it at the time, but I, I wanted to, I, I learned during my, my MBA in, in Madrid that that real estate was what I wanted to do. I didn't wanna do stocks, I didn't wanna do bonds. I didn't eventually, I I wanted to not be working for a big company. I wanted to be an entrepreneur. And so that's, that's really how I got into real estate investing was, was outside of the country in another, another place.

Website: www.pezonproperties.com

Youtube: www.youtube.com/@pezonproperties

Instagram: https://instagram.com/pezonproperties/

Twitter: https://twitter.com/PezonProperties

Yelp: https://www.yelp.com/biz/pezon-properties-easton

Linkedin: https://www.linkedin.com/in/pezon-properties-744878254/v

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Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest is a very special guest here from Whale Club. His name is Paul Sparks. The Whale Club is a community of high net worth real estate investors that are leveraging blockchain & other emerging technologies to grow their real estate business. Paul and I are in the same mastermind group. So I got introduced, I think through Steve Trang, Matt Andrews, and these guys in our group. And you were in something different in crypto that I had not gotten involved in. And that was basically doing yield farming, you know, earning cryptos, earning guardian, and a few others. There's a bunch of them out there that you could do this yield farming with and earn great passive income.

So yeah, I was an engineer, got into sales and I was selling innovation. I was selling automation equipment to manufacturers. So we were selling lasers and cameras and all sorts of equipment to essentially help them automate their production process. This was new tech to this, you know, to these customers. That's sort of where I cut my teeth, was selling this type of tech. Went from there and started selling similar tech but to a different industry, the airline industry and the logistics industry. So Amazon, United Airlines, you know, these are my, my clients. And I was traveling two cities a week for about four years. It was just, you know, it was a lot. But I had a lot of experience learning how to take really complicated technology and sell it to a very large organization so that they could actually make use of it.

Found my way into real estate, purely sort of by luck. It was like, well, I'm making all this, you know, good money traveling, but I need to get my money to start earning money for me.

Mailing : [email protected]

Website : www.realestatecertainty.com

Mailing : [email protected]

Website : www.realestatecertainty.com

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Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest is a very special guest here from Twnsqr. His name is Paul Wakim. Paul got started in the real estate industry in 2016 right out of college when he and his then girlfriend Shannon (now wife), started a real estate photography business with a drone that she had bought Paul as a graduation gift.

Paul was absorbing tons of knowledge about real estate investing from podcasts, agents, and investors he was dealing with and eventually decided to get his real estate license in 2017. Through being an agent,  it dawned on him - there is no real estate without a seller and all the sellers he talked to as a photographer and agent were selling their homes for the same 5 or 6 reasons. It was around this time in 2018 that Paul taught himself how to code in Python to create an algorithm to predict who was going to sell their home next by identifying people who showed signs of those 5 or 6 common selling traits.

Later, he met his great friend and TwnSqr co-founder, Mitch Tracy while rock climbing. In mid 2019 Mitch quit his job to come work on TwnSqr full-time to refine and drastically improve the algorithm.

Through trial and error, Paul and Mitch ended up with the version of TwnSqr that we have today - the premiere off market property dispositions tool that connects real estate investors with one another and, eventually, the largest institutional buyers in the world. Their goal is to support sellers, investors and buyers of all sizes through world class technology!

Mailing : [email protected]

Website : www.twnsqr.com

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Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest is a very special guest here from Auction.com. His name is Daren Blomquist. The nation’s largest distressed real estate marketplace, today announced the addition of Daren Blomquist as its new Vice President, Market Economist. Recently, Blomquist served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries.

In his new role, Blomquist will focus on analyzing and forecasting complex macro and microeconomic data trends within the marketplace and greater industry. He will report directly to Ali Haralson, Chief Business Development Officer.

“Auction.com is committed to leveraging the power of market research and analysis to provide unique value to our sellers and buyers. By leading our efforts to identify, analyze and forecast trends at the portfolio and market levels, Daren will enhance our data-driven disposition strategies and solutions to the benefit of our greater marketplace,” said Haralson.

Prior to Auction.com, Blomquist directed ATTOM Media, a division of ATTOM Data Solutions, which publishes original real estate reports and analysis. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.

“Over the last decade Auction.com has revolutionized the distressed real estate marketplace with much-needed transparency, data and technology,” said Blomquist. “I am excited to help build an increasingly efficient marketplace on that already strong foundation.”

About Auction.com

Auction.com is the nation’s largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.

Auction.com is a Thomas H. Lee Partners company and is headquartered in Irvine, Calif., with offices in key markets nationwide. Investors include CapitalG (formerly Google Capital) and Stone Point Capital.

Link : https://www.auction.com/lp/in-the-news/daren-blomquist-vice-president-market-economics-auction-com/

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This is Paul Lizell, your host of flipping out and today on a podcast, I have somebody it's actually a pretty special guest we have on here. Her name is Isabella Greeno Smith, and I knew her father very well. We're in a same family, family mastermind. And, uh, she I've met her there a few times, talked to her quite a bit, but we're gonna talk about a topic that's near and dear to my heart. And I'm very, very interested in, and that's residential assisted living now, Isabelle.

Isabelle is a graduate from Arizona State University, a former flight attendant, Walt Disney World intern and now Residential Assisted Living Academy’s leading lady. She has been working as the COO of the company for the last 6 years, keeping everyone in line and on task.

Residential Assisted Living Academy TM is America’s premier training organization in this unique and specialized niche’ of opportunity. Launched in 2012 by entrepreneur / real estate investor Gene Guarino, Residential Assisted Living Academy TM has trained hundreds of investors, business owners and entrepreneurs in this new and exciting field of opportunity.

There's so much of this topic that has me intrigued and I've gone through your course and I'm not, I'm not doing this to sell to anybody, but I've gone through your course and it is fantastic. A lot of great information. If you're a passive investor and wants to earn good passive income, she's probably not a better resource than R L. Yeah. And, uh, well, I'm gonna, I'm gonna flip it over here, Isabelle. She's gonna give us her background. And then from there, we'll get into the topic. All right. Iselle tell us how you got into this business.

www.genworth.com/costofcare

I had my team make a discount code for you to offer your members $100 off their purchase, it's FLIPPINGOUT. We also made a special code "MEDIAPASS" specifically for you that brings your ticket price down to $99. Don't share with anyone, it's just for YOU! I made you a little video below to explain why we'd love you to come.

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Promo cods is FLIPPING OUT for $100 off

00:00 - 01:00 Intro

01:00 - 2:58 How Isabelle got into the business

02:58 - 04:58 In home care costs & assisted living costs

04:50 - 05:30 Baby Boomer Generation

05:30 - 06:30 Silver Tsunami coming

06:30 - 07:55 RAL costs will double by 2025!

07:55 - 10:00 Where the highest RAL rates are

10:00 - 11:57 Doing RAL remotely

11:57 - 14:35 Best type of homes for RAL & number restrictions by state

14:35 - 18:55 Private rooms vs. shared rooms

18:55 - 22:52 Kitchen, dining & entertainment areas

22:52 - 27:25 Ideal properties to target

27:25 - 31:18 Breakeven point for cash flow & 10% vacancy

31:18 - 37:55 Liabilities

37:55 - 41:30 How families pay for RAL

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Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest very special guest. His name is Jerry Green. Jerry is a native of Ohio and currently lives in Germantown Ohio, with his wife of 19 years and their 4 children.

Jerry started in the REI Business in 1994 after going through a bankruptcy in Springfield Ohio. He began by wholesaling properties, and then merged into Fix and Flips. Since that time he has been involved with doing over 2,000 deals including fix and flips of single and multifamily rentals, and commercial properties.

Websites:

midwestrev.com (REI Sales Academy)

Thejerrygreen.com (The Jerry Green)

Free E-Book Link:

www.thejerrygreen.com/ebook

[0:00 - 0:35]       Intro

[0:35 - 6:50]       Jerry Green’s story and how he grew his business

[6:50 - 12:45]     Dealing with tragedy in life

[12:45 - 17:50]    Rebirthing of the business

[17:50 - 19:50]    Adding systems and processes to the business

[19:50 - 24:02]    Where the market is headed

[24:02 - 25:35]    Interest rates & rentals

[25:35 - 26:55]    Setting sellers expectations

[26:55 - 32:05]    Purchase of REI Sales Academy

[32:05 - 35:35]    Novations training

[35:35 - 36:45]    REI Sales Academy training

[36:45 - 38:00]    How to contact Jerry Green

[38:00 - 39:08]    Free E-Book

[39:08 - 40:05]    First real estate book Jerry Read

[40:05 - 41:10]    Some things in real estate never change

[41:15 - 42:20]    Subject to acquisitions

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Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest very special guest here from wholesaling, Inc. Her name is Lauren Hardy. Lauren Hardy is a virtual investor.

She invests in four different markets. She is a mother of two girls, eight and 11. She's gonna talk about how she went full time at her very first year of investing, how she started off investing, go and fix eclipse with her brother and went full time.

Year one. She lives by the beach in California, but invest in markets all over the country. She is smart, beautiful, full of energy and information. So sit back and enjoy this episode.

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In today’s episode, we’re gonna be talking about housing market data. We’re gonna look at a lot of numbers, show where those numbers are taking us, and what the market is gonna look like in the next three quarters of the year.

Listen now to gain more insight into the market trends we’re seeing so you can plan and decide accordingly! 

Key Talking Points of the Episode

[00:00] Introduction

[02:45] What numbers are we looking at?

[03:40] Mortgage rates

[05:00] What’s causing mortgage rates to go up?

[06:00] How is this affecting new listings?

[07:16] Should you take the first offer that comes?

[08:40] Numbers from Q1

[11:07] Comparing markets from 2020-2022

[15:03] Interest rates

[16:26] Pending sales

[18:26] Home sales

[21:33] Home buyer competition

[22:08] Contact REO Auction Academy! 

[22:46] Part 2 introduction

[23:14] Predictions for 2023

[24:10] Market peak in 2022

[27:10] What micro factors affect the market?

[27:43] What are the most competitive markets today?

[29:36] What markets are going to get corrected first?

[32:05] Market predictions in Florida

[33:31] The Florida housing market today

[35:20] How can we help you learn about what we do?

[36:56] Number of homes for sale

[37:56] Zillow’s revised forecast

[39:37] Why is it important to stay on top of the market numbers?

[40:35] Why do you need to have multiple exit strategies?

[42:45] Why am I not holding properties?

Quotables

“Obviously, there’s a lagging effect that we can’t see yet. The numbers we’re looking at are based on lower interest rate numbers.”

“Rates lock 30-45 days and could go as far as 60 if you pay additional points. There are rate lock features so we’re probably looking at lower interest rates so we won’t see until May data comes out what the true market is.”

“Mortgage rates have obviously shot up here at 5.11% on a 30-year mortgage. This is the highest level on a 30-year mortgage since 2010.”

“That has put a lot of people on the sidelines and I can’t necessarily blame them because me, I’m trying to refinance a few things as well, that I’ve been working on so I’m maybe gonna wait as well for a month or two.”

“I do think that mortgage rates will come down. I think a lot of this is maybe driven by the Russia-Ukraine war that’s going on and a lot of the uncertainty in the world has pushed up the rates, and the value of the dollar decreasing.”

“Only an average of 3.3% of homes have a price drop.”

“Don’t necessarily jump the gun at the first offer that comes unless it’s great, it meets all terms, it meets what you want, and it’s a really good buyer.”

“Prices are really jumping so quickly and to me, it’s mind-boggling.”

“In general in the US, your biggest months are gonna be June, July, and August. May kinda comes in there too, but the start of the Spring season obviously is March, that’s when you start to really see things.”

“The average sale-to-list price ratio was 102%, so in other words, 2% above asking price.”

“This is kinda what I thought would happen and what I was worried about potentially happening to cool it off is potentially happening right now - the interest rates.”

“Since mid-February, it has taken off. This is almost a hockey stick, the way it’s going up.”

“I don’t think it’s gonna slow anytime soon. The mortgage rates are gonna cause it to bend a little bit but if mortgage rates drop again, this will continue to shoot up because people will be able to afford more.”

“Historically, the average interest rates in this country are 8%. So, we’re complaining about 5.11% right now, but if you go back 12 years ago, we’d have been super happy with 5.11%”

“One of the biggest drivers is inventory and that continues to be at all-time lows and continues to get lower, and with interest rates jumping up, it’s just causing less people to list, which is further reducing the inventory.”

“The numbers are just moving too quickly right now as far as lack of inventory and the home buyer demand is just far too high for this to slow down.”

Between car business and real estate, what would you choose?

Our guest Raul Bolufe decided to go with real estate after being in the car industry. According to Raul, real estate is his all-time favorite because it gives him the freedom he wants, and it doesn’t look like a 9 to 5 thing like the car business.

Raul will share his transition journey from cars to real estate in this episode. He will tell us how he got his first deal and how he has managed to get this far. Also, if you are at a point in your business where you feel ready to start hiring, Raul has some nuggets of wisdom that will help you with the hiring process.

Listen in to this episode and learn.

Key Talking Points of the Episode:

[01:51] How Raul got started

[04:31] My background story

[09:01] How Raul evolved from MLS to direct mail method

[20:09] How Raul is making out of state deals

[35:32] Hiring out what you are not good at

[39:12] Raul’s first rental

[42:13] Is it too late to buy something right now because of the market prices?

[44:4] Cost segregation

[49:01] what’s the future for real estate and crypto

Quotes from the Episode:

“The key is, if you can buy it, cashflow, rent it and you have that money to put in there, and it’s making a monthly income for you and you’re locked in for 30 years, I think you’re good.”

“Focus on, you know what you’re good at. And then let other people focus on what you don’t like and what you’re not as good at.”

“You can make a little bit of mistakes and still make a lot of money.”

“What this market is force people to do is just get smarter and more efficient, more resourceful.”

“Everyone’s got the opportunity right now.

“You need to have a plan for different exit strategies.”

Connect with Raul Bolufe:

Website: https://raulbolufe.com/

YouTube: https://www.youtube.com/channel/UCk4IuNYEjysY1OlXd11on6Q

Instagram: https://www.instagram.com/Raulbolufe/

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How much do you know about note investing? Is it something you’ve been hearing about, but you have no idea what it entails? This episode is for you. 

In this episode, I have Eddie Speed joining me on the show. He is a note investing expert with over 42 years of experience in the industry. His career in the industry started with working with his father-in-law and later left to build something of his own. Eddie has made it his mission to teach people how they can become better in the note business and real estate in general.

If you are interested in selling a property but you are hesitant because of the tax implication, this episode is for you. Eddie has a solution for you.

Key Talking Points of the Episode:

[0:00] Introduction

[02:22] How Eddie built the note business

[06:52] Understanding seller financing

[09:18] Dictating the terms and what good terms entail

[11:12] Eddie’s ideal client

[15:06] Who is a hobbyist landlord?

[29:19] The different ways of structuring a deal

[32:33] The power of specializing

[38:45] Eddie’s teaching methods

[42:19] Learning through case studies

[45:03] Best of show strategies

Quotes from the Episode:

“Every real estate investor in the country, if you’re fairly savvy, knows the most likely Customer to sell is a frustrated landlord.”

“Every real estate entrepreneur has to find the niche in the market that’s not solved.”

“Just because the industry left you behind doesn’t mean you’re bad.”

“The big acquisition teams can’t go be flexible and figure out these other little angles. The small guy can.”

“The best way to learn is case studies.”

“You can make anything complicated if you don’t say it the right way.”

Connect with Eddie Speed:

Website: https://noteschool.com/ 

LinkedIn: https://www.linkedin.com/in/eddiespeed 

_______________________________________

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