Peer 2 Peer Real Estate's podcast

About The Borodaty Family:They have been business owners for over 20 years. Once owned a bakery in Brooklyn, as well as a laundromat in the same borough.

They presently own R & P Laundromat for a little more than 5 Years. The Laundromat is located at 1683 Lexington Avenue in New York City, it's been in existence in El Barrio for over 25 years, The Borodaty Family purchased the business in 2012/2013

You can find them at:

Facebook R&Plaundromat@trooperstatecop

[email protected]

You can find me at

https://peer2peerrealestate.com/

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On today’s show I wanted to talk about due diligence before investing in a property. My due diligence consists of mostly websites, and a couple of calls I make 

I can’t go into a investment without knowing a few things about the property, but before I do that I begin with the following.

Searching

1. Usually it’s realtor.com, Zillow or on occasion craigslist, or if I’m registered with a realtor some of them send me properties.
2. Once I find a investment property I’m interested in, I’ll go to Zillow and check out the county website, and see who is the owner of the property. Sometimes it might be a absentee homeowner who happens to live out of state or the property could have been taken back by the lender. On the same county site I will check out the yearly property taxes, and for insurance you can call geico, state farm, nationwide, etc. and get a quote .
3. Next I go to trulia heat map and check out the crime in the area I’m interested in. I also might check out spotcrime.com or crimereports.com 
4. Then I look at neighborhood comps, if I don’t have access to the MLS, I can use propertyshark.com, or Zillow solds in your area To find the latest property 
5. I use walkscore.com, to see how close the property is to downtown or what amenities they may be in the area. If the crime rate is low, and it’s close to walking distance to all, and the numbers make sense by numbers I mean for instance the rents in the area, and I usually go to rentometer.com to find the average in the area.   
6. Then I will call either a property mgr or a police non-emergency line to ask if the mgr would consider managing my property in the area I’m interested in . Or the non-emergency police line to ask if it’s a good area to live in. 
7. After due diligence is done, if I’m using the free sites to search, I’ll call the listing agents to make an offer. 

Websites I use

www.realtor.com

www.craigslist.com

www.trulia.com

www.crimereports.com, www.spotcrime.com 

www.propertyshark.com

www.walkscore.com

www.rentometer.com

You can find me at

https://peer2peerrealestate.com/

www.facebook.com/peer2peerrealestate

"Keep the momentum going, Good things will happen"

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Frustrations working with a NON-INVESTOR FRIENDLY AGENT(s)!!

Yes, I have to admit that working with this one real estate firm, the agents (2) to be exact have no idea what Owner Financing is! Maybe I’m not explaining what I’m trying to do; there is a property in Trenton NJ, Single family (asking ($19,900) foreclosed on the market for more than 63 days as of this recording the property was taken back by the lender according to Zillow. I inquired about this property on Thursday March 29th, I told the agent what I’m trying to accomplish.

I want to buy this property as-is I’m offering $8,000.00 (needs some work) put it back on the market as-is but carry the note for 7-10 years, I want 10% down payment, and the buyers credit can be in the 600’s as long as there is no evictions and I would get a residential mortgage loan originator to make sure they can afford the monthly payment. Unless I’m wrong, there is not a bank out there that would finance this property at $19.9k, and needing repairs. (see my offer below)

So I explained this to the agent(s) one of them said I should repair the property, I said that is not my intention of doing, I’m promoting homeownership (I don’t want to be a landlord), the risk is all mine I have to find a buyer who is willing to make repairs, the agent(s) are representing the lender, I told both, they can represent me on the sell side so they can cash in the commissions from both sides! The second agent asked why am I bumping the price up, and I said, again, that I’m willing to carry the note for the buyer.

Almost two weeks later still no resolution on the property so I’m not interested anymore, so the next time is just buy the property and find a agent to sell it for me. the next thing I’m doing is try to find me an investor friendly buyer(s) agent. For Investors, we always hear how important is to find someone that knows the process of buying investment properties, but I heard and read if you are working with a agent/realtor ask if they are investors themselves. If not then keep it moving to find other agents and ask the same questions. You might ask where can I find an investor friendly agent? 

Here are my choices of places to meet.

www.biggerpockets.com - online forum, and on occasion they have a live events in a city near you.

www.meetup.com - real estate clubs galore on this site, and some live events.

www.nationalreia.org - hub for investment clubs. Most have monthly meetings.

                               The property in NJ

Here is my offer

Asking $19,900.00   

I’m offering $8,000                           

My selling as-is price is $25,000

10% down= $2,500.00

Owner financing for $22,500

New owner’s Payment to me- $329.63

Owner has to pay taxes & insurance

The breakdown:

Term 96 months

Interest 9%

Sell price $22,500

Payment $329.63

If I calculated this right, the owner’s total payment, interest taxes & insurance =about $600.00/mo

(Exact amount $589.63) Less than the average rental of $1200.00 per month. 

Oh well, didn’t work, but let’s keep on keeping on!!

“keep the momentum going, Good things will happen”

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With a background in the corporate world and a PG Dip in HR I have enjoyed the life style of an expat for many years. Living in 5 countries and gaining a truly global perspective has been invaluable to me and social media played a key role in keeping up with friends and family all over the world. When I say I am passionate about real estate I mean it. My love for architecture, design and of course homes in any shape of form made the choice to become a realtor a natural progression.

After all where we live and how we live is the essence of our lives. Having moved as many times as I have I appreciate that even more.

On today's Show Claudia Talks about

Using Social media

Targeting your audience

Giving value

Selling a lifestyle

And much more.........

A few of Claudia's favorite writers/authors she likes to read.

Tony Robbins

Charles Dickens

Thomas Hardy

You can find Claudia at

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Kevin Bupp is a Florida-based Real Estate Investor, top iTunes podcast host and serial entrepreneur with over $40 million of real estate transactions. His extensive investment experience spans the gamut of apartment buildings, single-family homes, o ce buildings, raw land, condos, and his favorite and by far the most pro table, Mobile Home Parks. 

Kevin holds the keys to successful real estate investment. With over 16 years of experience, Kevin now educates investors to locate, acquire, and create “higher than average” returns from this widely misunderstood niche of Mobile Home Park Investing. He shares his expertise through the Mobile Home Academy and also as the host of e Investing for Cash ow Podcast which has become one of the hottest podcasts on iTunes, o en in the top 100!

In addition to his Real Estate endeavors, Kevin is passionate about giving back and is the founder of several charitable organizations, including founded RunningforBrews.com, a social running club with more than 10,000 active members, and “72 Hours to Key West,” an annual 280 mile bike ride bene tting impoverished families during the holidays.

On today's Show Kevin Talks about

*Why he chose Mobile home parks

*The stigma of owning a mobile home

*Unique benefits of owning parks

*Giving back to his community 

*And much more......

.

Contact

Email: [email protected] Phone: 727-798-5656

Skype: kbupp1

LinkedIn: www.LinkedIn.com/in/KevinBupp 

YouTube: www.YouTube.com/user/KBupp 

Facebook: www.Facebook.com/KBupp

www.KevinBupp.com

You can find me at 

https://peer2peerrealestate.com

"Keep the momentum going, Good things will happen"

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Hello my name is Jorge I been doing business as a contractor since 1997... 20 years experience and I enjoyed every minute of it ...when I get to do a project I put my 100 % dedication and time to get only the best and keep all Costumers happy.....thank you for taking your time to read and learn the way I handle my work hopefully we do business in the near future......best regards 

On Today's Show Jorge Talks About

His start as a helper

Starting his own business

How he finds his sub-contractors

How he finds clients

And Much More.............

You Can find Jorge here at

www.workyard.com

https://www.linkedin.com/in/jorge-suasnabar-73307760/

You can find me at

www.peer2peerrealestate.com

facebook.com/peer2peerrealestate

"Keep the momentum going, good things will happen".

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Stephanie Badillo has been in the luxury Interior Design, Development and Real Estate industry for over 30 years. She started her design business in 1991 which lead her through a career designing and developing both residential and commercial properties in the United States and Canada. 

Her company Badillo Development Group started in 2008 and specializes in sustainable, passive solar and net positive developments. www.badillodevelopmentgroup.com

On Today's Show Stephanie Talks about

• Her start as a entrepreneur
• Starting her design business in 1991
• Being a Woman in the Real Estate Business
• Starting a development Company in 2008
• Stephanie's upcoming Projects

Stephanie Badillo, Principal Badillo Development Group /

Stephanie Badillo Interior Design Studio

100 John Street . Suite 1502 . New York, NY 10038

929-253-7173

[email protected]

[email protected]

badillodevelopmentgroup.com

"Keep The Momentum Going, Good Things Will Happen"

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Nathan has successfully founded and operated more than two dozen businesses since 1999, grossing over $150 Million in gross sales. His experience spans the areas of automobile sales, direct product sales, web based marketing, strategic partnership facilitation and commercial real estate acquisition and redevelopment. 

Since 2006, Nathan has bought, renovated and flipped over $52 Million dollars of multifamily apartments ranging in size from 12 units to 121 units.

Nathan has had some amazing success and epic failures. He has learned more from his failures than his successes.

You can find Nathan at:

www.nathantabor.com -Go to his site to download his free book "The guide to finding balance"

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Nick Mehandziski is the CEO of Okupied a new property management app now available on the Apple app store. 

Nick started investing in real estate a few years ago and almost immediately experienced the challenges many starting rental property owners face, and since has been determined to fix them. 

download the app below.

Okupied  

On today's show Nick talks about

• Getting into real estate investing
• The need to be paper free
• The app's features
• How the app helps landlords
• Looks for feedback from investors/landlords
• And much more.......

You can find Nick at:

[email protected]

www.okupied.com 

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Is a business plan a must? well it depends on the strategy you are looking to invest in.

In my opinion if you are investing in Lease Options, Wholesaling or Tax liens I don't think you do.

On the other hand, if your strategy is to buy and hold you will probably need either a private lender or conventional financing.

These type of lenders want to see what are your current and future plans for your business.What are you goals, mission statement and strategy regarding your investment vehicle. 

On today's show I talk about

• what your business plan should look like
• picking your investment strategy
• what do you bring to the table
• private, conventional  or hard money
• target markeing
• And much more......

Sample business plans

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