NJ Real Estate Radio: A Podcast for Home-Buyers and Investors

In this episode, you'll "meet" my clients, Yue and Ke, who closed on their first multi-family property together a few months ago in the Heights section of Jersey City.  We delve into their journey, talk about how and why their first two deals fell through, and discuss the lessons along the way.

This episode is chock-full of valuable advice and tidbits if you're just getting started with real estate investing, including:
- The importance of choosing a good lender
- Building your foundation
- Being diligent and consistent 
- Not giving up and having a support network
- Knowing your "why" and what goals you are targeting

And much more!  

I really enjoyed this conversation and hope you'll get a lot of value out of listening to this episode. 

And please remember to hit Subscribe, if you aren't already a subscriber.  I would also really appreciate it if you could take a couple of minutes to leave a rating/review on Apple Podcasts, so that more people can discover NJ Real Estate Radio.

Lastly, please follow me @Max.Vishnev on IG to follow my journey as a Realtor and investor.

Thanks for tuning in!

Buying real estate is definitely not a walk in the park!

And in this episode, I open up about my own foray into real estate investing, with a deep dive into the Catskills property my wife and I bought in late summer of 2018 and the "adventures" we had as Airbnb hosts and property owners during the first year.

Trust me, if you've been thinking about buying your first property, or if you've considered short-term rentals or long-distance investing as investment strategies, you do NOT want to miss this one.

But be sure to listen to the very end, because I share some key takeaways in the last segment of the episode.

Here is the companion article for this episode:
6 Lessons I Learned From My First Investment Property (biggerpockets.com)

@Max.Vishnev

I'm very excited to bring you this episode, because it is my first interview with a client.  Jeremy shares his journey as a 23-yr-old with a desk job he realized he didn't want to be in for the next 40 years to catching the real estate bug to buying his first "house hack" to running out of space during the first year of the pandemic and deciding to get his NEXT property to "house hack". 

In the span of just 2 years, Jeremy went from living in his parents' basement to owning 2 properties (4 doors), having 3 tenants, and gaining priceless experience as a house-hacker, landlord, property manager, and real estate investor.

Jeremy shares some wonderful pieces of wisdom about his own journey so far, some of which may surprise you.

If you've been thinking about buying your first property to "house hack", you do not want to miss this episode!

Check out Jeremy's blog:  The White Tee Way – Real Estate Investing & Personal Finance
Follow him on Instagram: White Tee Jay (@thewhiteteeway)

In the episode, I mention an article I just published about my biggest lessons learned from my first year as a real estate investor.  Here is the link:
https://www.biggerpockets.com/member-blogs/12660/96326-6-lessons-i-learned-from-my-first-investment-property

And if you enjoy listening to this podcast, please share it, subscribe, give it a thumbs up, and leave a review.  Thanks for listening!

Oh man, I'm so excited about publishing this one!  This is my first Q&A-style episode and it features two brothers, Omar and Ahmed Amin, both of whom are on my short-list of trusted home inspectors.  They share a ton of wisdom, great advice, and plenty of humor.  You won't want to miss a minute of this episode, even if that means listening to it in chunks.

Here are just SOME of the topics/questions we cover:

- What advice would you give to a first-time buyer preparing for their first home inspection?
- What are some of the biggest red flags vs issues that are relatively minor?
- What separates a great home inspector from the rest?
- What are some of the craziest things you've seen during inspections?
- Why are basements so important during a home inspection?
- What are tell-tale signs of a bad flip?

And lots more. 

If you're thinking about buying your first property (or your next one), this episode is not to be missed!

My guests on this episode were:

Ahmed Amin
Outlet Home Inspections
[email protected]
@outlethomeinspections
Website Link

Omar Amin
Base Home Inspections
[email protected]
@base_homeinspections
New Jersey I Base Home Inspections I About Us
 
And, of course, you can follow me on Instagram @Max.Vishnev and email me at [email protected].

Feel free to reach out to any of us with questions or feedback.

Thanks for tuning in and help spread the word by giving this episode/podcast a thumbs up, a follow/subscribe, and a review on Apple Podcasts -- all would be greatly appreciated!

- Max, your Northern NJ investor-friendly Realtor and podcast host

To say that the housing market has been a bit nuts lately would be an understatement.  
Can new investors and aspiring homeowners/house-hackers navigate these turbulent waters without losing their minds?  I think the answer is a resounding yes, IF you focus on the following 5 things:

1) Take the long view (and identify your investing time horizon)
2) Focus on the fundamentals
3) Know your numbers
4) Filter out the noise
5) Prioritize experience over trying to time the market

In this episode, I delve into these 5 topics and much more.  You don't want to miss this one!

The book I reference in the middle of the episode is The One Thing by Gary Keller -- highly recommend it.

Don't forget to follow me on Instagram @Max.Vishnev.
And please subscribe, rate, and leave a review -- thank you!

Buying your first real estate property is stressful enough.  The last thing you want to do is to complicate the transaction and potentially delay closing or kill the deal by choosing the wrong lender.  There are countless lenders and lending institutions out there, but my advice is to never choose a lender solely based on the lowest quoted rate.

The loan process is such an important part of your ability to close that the choice should come down to several key factors, which is what I focus on in this episode.  If you're planning to buy your first property, you don't want to miss this one!

In this day and age when qualified contractors that actually have availability and can offer a fair rate is increasingly hard to come by, the decision about whether to DIY or hire out your next rehab or renovation project has become all-the-more important.  It's never black and white, though, since many factors go into your decision-making process, including but not limited to the scope of the project, your budget, preferred timeframe, personal experience and schedule, availability of licensed contractors in your area at any given time, and more.

In this episode, I delve into my own recently completed basement DIY project in Bayonne, NJ, as well as another basement project we finished recently in the Catskills, where we decided to hire out the work to a trusted contractor.  I go into a lot of detail and provide a transparent account my experience, takeaways, and thought process, in the hopes that it will help you analyze and decide on your next project.  

I hope that you find it useful,  and if you do, please take a minute to rate it, share it with others in your sphere, and to leave a review on Apple Podcasts.  

You can follow my real estate adventures on Instagram @Max.Vishnev and you can email me at [email protected].

Thanks for tuning in!


Theme music excerpted from:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/

Buying a home can be a stressful process, especially if it's your first property.  Part of it is the uncertain nature of the process and the risks involved with buying a home you know very little about.  That's why the standard contract (at least in NJ) has a 14-day inspection period, which allows the buyer to perform all necessary inspections and present any requests for repairs, remediation, or credits to the seller.

Most buyers just do the regular home inspection.  However, there are 3 important add-ons every buyer should consider when schedule their inspection.  These are:
- Oil tank sweep
- Radon test
- Sewer line scope

I dive into the importance of all three in this episode, so don't miss it!


For more info on radon, check out the EPA's A Citizen's Guide to Radon:

https://www.epa.gov/sites/production/files/2016-12/documents/2016_a_citizens_guide_to_radon.pdf





Theme music excerpted from:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/

In this hot seller's market, "highest and best" is a real estate term that gets thrown around a lot.  In this episode, I dive into some recent client examples and talk about the various aspects of an offer (the "terms") and the different levers you can play around with before submitting your offer.

First-time buyers shouldn't miss this one!




Theme music excerpted from:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/

Last Sunday, Tom Brady won his 7th Super Bowl at age 43.  What can we glean from his habits that can be applied to our lives, even if we are just mere mortals and not legendary athletes?  That's what this episode is about.  And worry, I do tie it into real estate (eventually).

Show notes:
I mentioned a few books in this episode and would like to include links for them here, in case you're curious.  I would recommend all of them:

Why We Sleep by Matthew Walker
The Circadian Code by Satchin Panda
The Omnivore's Dilemma by Michael Pollan
Atomic Habits by James Clear


Theme music excerpted from:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/