Miami Real Estate Investing Podcast With Peter Zalewski

In Episode 47, Condo Vultures® podcast host Peter Zalewski discusses the latest real estate and economic news with former business reporters Jean Gruss of Gruss Communications, John Fakler and Oscar Musibay of Influence Communications.  

In Segment 1, the panel discusses the following headlines:  

1. "FSU Head Coach Tests Positive For COVID-19, Will Not Coach vs. Miami" (NBC 6 South Florida)  

2. "‘More Restrictions Expected In Europe As Coronavirus Spreads Rapidly And Rattles Markets" (CNBC)  

3. "No Job, Loads of Debt: Covid Upends Middle-Class Family Finances" (Wall Street Journal)  

In Segment 2, the panel discusses the following headlines:

4. "Landlords Lost About $9B In Rental Payments Last Quarter: Report" (The Real Deal Miami)  

5. "Two New Towers Are Planned For Edgewater. They’re Bigger Than You’d Expect" (Miami Herald)  

6. "EIG Aims To Convert Shuttered Ramada Inn In Hialeah To Apartments" (CNBC)  

In Segment 3, the panel of Zalewski, Musibay, Gruss and Fakler make predictions about the South Florida real estate market and tricounty economy.   

In Segment 4, Fakler reads out comments submitted by listeners and the panel responds. 

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 45, expert Peter Zalewski of Condo Vultures interviews Peter Ehrlich - an activist investor with a portfolio of commercial properties in Miami - about the governmental policy changes that local municipalities should consider adopting to encourage a real estate recovery in a post-COVID-19 pandemic era.   

In Segment 1, Ehrlich discusses relocating from New York City to South Beach in the early 1990s as the Art Deco neighborhood in Miami Beach was experiencing a renaissance. Ehrlich - a former Wall Street trader - relocated to South Beach to capitalize on the real estate boom that transformed Miami Beach in the 1990s.  

In Segment 2, Ehrlich talks about investing in dilapidated warehouses north of Greater Downtown Miami in the historic neighborhoods of Lemon City and Little River that are now commonly known as Little Haiti. Ehrlich reflects back on the challenges associated with investing in the area during the first decade of the 21st century despite paying about $20 per square foot for industrial properties.   

In Segment 3, Ehrlich discusses the strategy and effort that was necessary to reposition the area into one of the hottest markets for redevelopment in Miami. Based on more than 20 years of experience being a landlord of commercial space, Ehrlich highlights the top three local public policy issues that need to be addressed in a post-pandemic era.      

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 42, expert Peter Zalewski of Condo Vultures interviews Lamar Fisher - president and CEO of Fisher Auction Co. - about the need for auctioneers in South Florida as buyers bid up prices on single-family houses and condo sellers search for buyers to purchase units in Miami’s oversupplied market. 

In Segment 1, Fisher discusses his roots in South Florida that date back to the beginning of the 20th Century. Fisher - who is a Broward County Commissioner and the former mayor of Pompano Beach - reflects on his family’s involvement in the public sector dating back a century. Fisher also provides an overview of the auction process, 

In Segment 2, Fisher talks about some of his most highly publicized auctions, including Gianni Versace’s former South Beach mansion, the former Miami Arena and the sale of assets from the convicted Ponzi-schemer Scott Rothstein who operated a $1.2 billion fraud a decade ago in Downtown Fort Lauderdale. Fisher also discusses the challenges facing South Florida's various municipalities given the slowdown in the real estate market and the tourist industry. 

In Segment 3, Fisher provides insight into what he and other business leaders are anticipating for 2021 based on previous economic downturns in South Florida.. 

To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 40, expert Peter Zalewski of Condo Vultures provides an overview of the Miami Beach condo market for Q2 2020. This episode discusses condos, luxury condos, distressed condos and rentals for the first six months of 2020 based on data compiled from the Southeast Florida MLX Matrix. 

In Segment 1, Zalewski discusses the Miami Beach Condo market sales velocity in the first half of 2020 based on a CondoVulturesRealty.com report.  The discussion include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 2,  Zalewski discusses the Miami Beach luxury condo market based on CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 3,  Zalewski discusses the Miami Beach distressed market, which is comprised of real estate owned (REO) condos as well as shortsales based on a CondoVulturesRealty.com report. The discussion will include specifics about the the number of transactions, average pricing of a unit, average pricing per square foot for a unit and the number of days that the units are listed on the market. 

In Segment 4, Zalewski discusses the Miami Beach rental market with specifics about leasing activity, pricing and the number of days on the market based on a CondoVulturesRealty.com report. 

To send a comment, please email the podcast at [email protected]    

Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.

In Episode 39, expert Peter Zalewski of Condo Vultures interviews litigator Josh Migdal - a name partner in the Mark, Migdal & Hayden law firm in Miami - about how banks are preparing for a possible "tidal wave" of mortgage foreclosures that could be occurring in 2021 as a result of an overheated South Florida real estate market combined with the economic disruption caused by the COVID-19 pandemic. The discussion touches on a variety of topics ranging from mortgage fraudsters to the Federal Deposit Insurance Corp (FDIC).  In Segment 1, Migdal discusses relocating from the Midwest to Miami at the onset of the South Florida condo crash and the Great Recession. Migdal also talks about how he changed sides from defending clients against the FDIC in civil litigation to suddenly representing the federal banking agency against borrowers in South Florida.    In Segment 2, Migdal talks about the mortgage forbearance program created under the CARES Act; the current lending climate  given record low interest rates and the higher-than-normal unemployment rate; and Acts of God.   In Segment 3, Migdal discusses mortgage fraud and its impact on the South Florida real estate market. Migdal also talks about how lenders are - and should be - auditing their mortgage application records right now in anticipation of a wave of defaults possibly occurring beginning in 2021. Migdal contends that lenders that are attempting to be repaid on bad loans need to expand their litigation focus outside of just borrowers.    To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.