In this episode of "Real Deal Investing", host Larry Mastropieri, a real estate broker and agent, talk with Yuve Naveh, a successful wholesaler at Atlantic Home Pros.
Larry engages in a conversation about Yuve's background and journey into wholesaling. Yuve shares his early experience in retail business in Cleveland, Ohio, which faced challenges with the rise of Amazon. In his early 20s, he returned to Israel, pursued education, and eventually discovered wholesale opportunities through a friend.
Yuve recounts his entry into wholesaling in 2017, initially facing difficulties with a costly course and a slow start. The breakthrough came when he established a relationship with a contact representing an individual inheriting 60 properties. This marked a turning point, leading to successful deals and financial recovery.
The discussion delves into the mechanics of wholesaling, where distressed properties are quickly sold for cash, cutting out realtor fees. Yuve explains his preferred markets, focusing on distressed properties in investor-friendly areas, with sweet spots in the $150,000 to $300,000 purchase price range for single-family homes.
The conversation shifts to the challenges of wholesaling in highly competitive markets like South Florida. Yuve highlights the importance of educating sellers and the difficulty of finding distressed sellers in A-class markets. He emphasizes the need for a sustainable system and volume in wholesaling.
Yuve reflects on the dynamic nature of the market, comparing the intensity and effort required in South Florida with the potential rewards, given the higher asset values in that region. The discussion extends to a property tour in the Carolinas, where the guest highlights the significant difference in property values compared to South Florida.
The conversation explores the impact of market dynamics on the wholesaling business, particularly the shift in buyer behavior and the challenge of adapting lead generation strategies. Yuve emphasizes the reduced effectiveness of text messaging due to carrier restrictions and national regulations. The discussion touch on the limitations of traditional marketing methods, such as letters and cold calling, and the challenges posed by changes in buyer behavior and market conditions.
#realestateinvesting #realdealinvesting #YuveNaveh #expertadvice #floridarealesate #realestate
Connect with Jerron: Jerron Kelley, Esq. www.kelleygrantlaw.com
Connect with Larry: Larry Mastropieri www.DiscoverSouthFlorida.com
Connect with Yuve: www.atlantichomepros.com
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.