Hey Freedom Fighters! Today’s guest is Michael Pinter, a friend and investor out of New York. Every market has different challenges to it, and North Eastern markets are no different. In fact, they may present some of the biggest challenges for new investors. Today Michael shares how things are different for investors in New York, from the closing process to marketing differences, overcoming the ‘New York Attitude’, to how things differ with various exit strategies. Ready? Let’s jump into the show!

Highlights of this show

  • Meet Michael Pinter, New York based real estate investor.
  • Learn how attorney states, like New York, changes the timelines and process on closing real estate deals.
  • Join the conversation on how the ‘New York Attitude’ impacts the selling process for investors.
  • Listen in as Michael shares tips on how to market and build relationships to get deals done.

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Listen to the Audio Version of this Episode

FlipNerd Show Transcript:

Mike:Welcome to “Real Estate Investing Secrets.” We’re all looking for freedom and the opportunity to live better, more fulfilling lives, but most of us were trained our entire lives to work for someone else and chase their dreams. How can we use real estate investing as a vehicle to achieve financial freedom? My life is dedicated to answering your real estate investing questions and helping you build an investing business that allows you to change your life and the world around you, and to enable you to turn your dreams of financial freedom into a reality. My name is Mike Hambright from flipnerd.com, and your questions get answered here on the, on the “Real Estate Investing Secrets” show.
Welcome back, freedom fighters. This is episode number 466. Today we’re here with my friend Michael Pinter. He operates in the New York market, and, you know, we’re going to talk about operating a market like New York today. It’s a whole different animal if you’re not there. And if you’re trying to get started there, I was talking to Michael ahead of time and one of the things that you kind of realize is, if you’re like me in Dallas or other parts of the country, you get used to doing things a certain way. And then sometimes, you know, Michael has been listening to the show in the past and he’s actually a member of our investor fuel mastermind and things like that. And he said, you know, some of the stuff you talk about on the show, like we just can’t do that here, there’s things that are different here. And so I thought it would be great to get some perspective on operating in a different market like the New York market. So we’re excited to have you guys back. Michael, glad to have you here, buddy.
Michael: Pleasure to be here.
Mike: Yeah. Yeah. Awesome. Awesome. Well, we’re going to talk about, some of the differences that you see up there in your market. Maybe give some people that are listening that are up there. Either they want to get started, they’re operating now and trying to take it to another level. Some hopefully, a little bit of guidance today, and maybe for the rest of us enlighten us a little bit on, you know, every market has its own challenges, right. California has got some different challenges, and Texas has got some weird things, and every market has its own kind of flare, right? But before we jump into that, tell us a little bit about you and your background?
Michael: Sure. So, I was in the mortgage business for 17 years. So I had some background in real estate finance. I met my partner behind me, Levi, when we worked together in the mortgage business. And about six years ago, we started going into real estate full time. For about four years, four and a half years, all we did was buy live at auctions and online auctions. And we bought more properties every year, and we made more money every year. But about two years ago, we started realizing that the market here had peaked or leveled off, at least, and we didn’t want to get into a longer-term projects and we started investigating a wholesaling and wholetailing. So instead of, I’d say every property we did for the first four years was almost a gut rehab, a complete gut rehab, most, you know, we did almost everything in the property and our goal was to make it the nicest house in neighborhood.
Mike: Sure, sure. Which those are pretty heavy rehabs up there, right?
Michael: Yeah. And it was complicated. I mean, our average hold time was between six and nine months. And we made a lot of mistakes, but because the market was on its way up, the market sort of saved us on a bunch of deals where maybe we didn’t do things right, but we sold it for . . . we made money I think on every deal for the first four years.
Mike: Yeah. That’s awesome.
Michael: But then we started investigating wholesaling and wholetailing and we’ve been really shifting towards that over the last two years. We started doing our own marketing, finally. And we’re now getting into a situation where we can get consistent results and we’re still growing and we’re much happier with our current business model than our previous.
Mike: Yeah, that’s great. Yeah, I think, you know, like every market is different. I think one of the things that happened is because you guys are a attorney-driven state, like the foreclosure process just took a lot longer and a lot of areas of the northeast. So some of the stuff that you guys are feeling now or that you felt a couple of years ago when it was drying up had already happened in other parts of the country a few years prior, right? So like it’s just, like the foreclosure activity in like Texas markets, for the most part, was never as significant and when it happened at the cycle was a lot faster than what you saw there. So you basically kind of realize what we saw here maybe a couple of years later. So, that’s awesome.
[crosstalk 00:04:20] Michael: Everything here is slower in the process.
Mike: Yeah. And inevitably people start to realize like, “Hey, if I want to be in this business, I got to find a way to buy direct from seller.” Right?
Michael: Yeah. For us it was a big hit in the head when we realized that we couldn’t be buying at auction, fighting with other rehabbers if we’re going to not rehab. We needed to go direct to seller and buy cheap enough that we can sell to other rehabbers or cheap enough that we can do minimal work and sell it into the retail market. And that was a big deal for us.
Mike: Yeah. And the auctions, as you know, and I know people that buy here, I mean we have some other friends that still buy at the auction, but it’s difficult. I mean, sometimes the winner is the loser, right. So it really easy for that to happen. So let’s talk about when you first started, when you first started in the business, some of the challenges that you faced and maybe try to tell us some of those lessons in a way to where other people that are looking to get started in New York, New Jersey, in the far northeast there and other markets, some of the challenges they might face they need to be prepared to overcome.
Michael: Sure. So I’m really going to talk about more of the challenges we’ve discovered over the last two years when we shifted into a direct to seller model, because first few years we were buying and rehabbing, but the challenges we faced, the biggest challenges is the length of the sales cycle. So someone wants to get started in this, in the New York area the time between . . . you know, when you go online and you see gurus or people at explaining how this works and they say, you know, “Go buy a list, go driving for dollars and you go out there and you’ll a deal in two months and you’ll make money in 30 days,” that may work in other states. But in New York, the time between when we started investing heavily into marketing, we spend a lot of money every month. We didn’t see a penny from that for probably seven or eight months. A long time to spend and not get back.
Now, we had some deals locked up already so we knew that money was coming. But it takes a very, very long time between the time when you spend money on marketing, qualify those leads, you know, whether there’s incoming or outgoing marketing and then qualify those leads, go on the appointments and make the offers. And then even when the seller says yes to you, you still have to get attorneys involved and that can take months. And then you got to sell it. It’s just not how you see it online, where this is something where you’re going to get paid. You know, you can wholesale a deal in 30 days and get paid. It takes a lot longer.
Mike: So let’s kind of break that down, the attorney part. So I know, in your area there, it’s very different than what I’m used to in some other parts of the country. We use the title companies here, and typically, we could . . . if somebody would’ve kind of sign a contract today, like I could close tomorrow. I pretty much tell people that, aside from how long the title process takes.
Now, if it’s clean and it’s not an inheritance and there’s not a, you know, a need for a bunch of other documentation, then that could be certainly within a week, you know, three or four, five business days if we get a title company to rush it, if it’s clean. Now, if it comes back and there’s problems, that could extend it, you know, significantly or maybe forever. But even in a best-case scenario there, kind of walk us through the process of having to get attorneys involved and how it’s . . . right now when a seller signs a contract, we send it to the title company right away, title’s open. We could close quickly if that’s what they want to do. Sometimes they may want time, but what’s like best case scenario for you? Kind of explain that situation for us.
Michael: Okay. So best case scenario is when we go to a seller, the seller says . . . we offer them a number and the seller says, “Okay.” Best case scenario, this seller has an attorney that they have dealt with before and we send them all the . . . we send our attorney the information and their attorney the information, this is the price, this is the buyer and they would prepare a contract to send to our attorney within a few days. That’s the best case scenario. Usually, that contract is not going to be a great contract for us. It’s going to be a contract that protects their interests, right? The seller prepares a contract. And our attorney is going to then have to say it needs to be assignable. Another big part of it here is the EMD, the earnest money deposit down payment.
You know, in other places you put a $100 down. Here standard in the entire state is 10%. So if we’re buying property for $300,000, they’re going to want us to put $30,000 down. And you can always negotiate that, but you can’t put $100 down and I can’t put $500 down. Maybe they’ll go over $5,000. Usually they’re going to want $10,000 or $20,000. So that’s a negotiation process. Now, our attorney knows we want to lock this up quickly and he wants, he understands what we do, but their attorney is trying to justify his $1,500 to $2,500 . . .
Mike: The more back and forth there is the better it is for the attorneys probably.
Michael: Yeah. So he’s going to go back and he’s going to say . . . you know, we’ve had attorneys who . . . we had sellers who told us they didn’t mind us assigning. And the attorney said, “I don’t want my client, I don’t want it to be assignable.” That happens. The attorney feels like he’s got to be the mentor and give guidance to the seller.
Mike: And justify his expense, yeah.
Michael: And justify his expense, and sometimes the sellers are not so sophisticated.
Mike: And I know we’ve talked about this before, but it’s pretty standard that a seller would want to use or, I mean, do you recommend that you use your attorney or for like legal reasons does it matter . . .
Michael: He can’t. He’s not allowed to use our attorney. We can refer an attorney to him, but he can’t use our, the attorney we’re going to need to represent us. You can’t. It’s a conflict of interest. So best case scenario, they would resolve those issues in a week, 10 days, and then we’d send it in and it would get under contract in let’s say two weeks. That would be best case scenario. It rarely takes that. Sometimes it takes two months.
Mike: Wow. And so even if the attorney, once everybody agrees, then how does the process may be differ there from other markets? Is it pretty smooth sailing after that? I mean, there’s still a process where title research is done.
Michael: Yeah. Then we’d order title, and then depending on what our exit plan is, we would market the property to other, if it’s a wholesale deal, we market to our cash buyers list, but if it’s a wholetail deal, then we’d close on it and wait till that happens.
Mike: Sure. Sure. And if you’re going to wholesale it, I mean, under, I guess if you’re going to start marketing it, you have to wait till the entire attorney process is done, right? And you don’t have technically have a contract even at that point.
Michael: No, we’re not protected until it’s signed by us and then buy them and our EMD is deposited.
Mike: Right, right. And then you got to deal with that whole thing again on the back end when you sell it, unless you’re assigning that, right?
Michael: Absolutely. Yeah. Usually on a [sign over 00:11:01], they understand. But they’re still going to have an attorney, and it’s going to take time. And what’s ironic, I know there’s a guy up in Albany area who’s trying to do this without attorneys and he gets the sellers to sign something that says they can’t . . . it scares us because we honestly believe since it’s so standard in the state to use attorneys that if we bought something from the seller who didn’t use an attorney, we’d be concerned that they’d be able to cancel the contract later.
Mike: Yeah. Right. Right. So let’s talk a little about, some other things that might be different. Like marketing, terms of lead generation. I know one of the things we’ll probably talk about is it’s not . . . sometimes in different market, different marketing tools work better or worse like mail or other things. But you also have kind of that northeastern attitude, that New York attitude to deal with all of it too. So just talk about maybe how marketing is different where you’re at.
Michael: Sure. There’s definitely, I would say in New York, people have their guard up more than a lot of other parts of the country, and they assume that something is a scam or somebody is going to rip them off more here than in other parts. So we get a lot of, take me off your lists and I’m sure you get them everywhere. But I think in New York there’s more people who assume that somebody is trying to take advantage of them. So you have to take that into account on whatever a lead generation channel we use.
And we use a lot of different lead generation channels. We use a pay-per-click, which is better because that’s obviously somebody who’s coming into us, we’re not reaching out to them. We use direct mail, and I mean I’ve had somebody report us to the Better Business Bureau because they said they were on a do not mail list. There is no such thing as a do not mail list. And I had to explain that to the Better Business Bureau. But that happens. So you need to have a pretty thick skin here because you’re going to get people telling you that you’re the worst kind of person in the world.
Mike: Yeah, yeah. It’s interesting so in the last show that we published, it was with Trevor Mauch InvestorCarrot, and we talked a lot about, where kind of lead gen is going and a lot of it is around building relationships and building an online reputation and things like that. And I think that’s even more important. It’s important everywhere, but it’s even more important where you’re at because it sounds like, you know, I mean in true New York style, like people’s bullshit meters are going off before they even open your letter or before they even pick up the phone, right?
Michael: Absolutely. Absolutely. We get that a lot. We’ve been doing RVMs, ringless voicemails, and we get calls that are unbelievable. People scream. I mean, we dropped the 22nd voicemail into their phone. And I get people screaming at us that we’re trying to steal the house from them.
Mike: Right, right, right. Well, so does that make, and I know you’re . . . a lot of the lead gen, kind of paid lead gen, you’ve been doing is fairly recent, like over the past couple of years. But so do you think things like where they seek you out, pay-per-click, I mean, pay-per-click where they had to go research you, the importance of your website, those things seem to be even more important, you know, where you’re at?
Michael: Absolutely. I think it’s a huge deal. We’ve gotten a lot of deals where people said, “I checked you out online, and you seem like a reputable company,” and got high star ratings for sure. There’s no doubt that people are checking us out online. Online reputation is huge.
Mike: Yeah. For somebody that was, you know, maybe it would be trying to crack into a market like yours, can you give some guidance on what they should do differently that is not kind of maybe standard practice across the country to help the bullshit meter from going so high?
Michael: I think you need, you know, I think if you’re . . . I think it’s the same, it’s true for everywhere, like you choose sales and you’re really trying to sell hard, I think people here are going to get turned off more by it. You got to be honest with them. Very often on appointments, my partner and I go on the appointments. I mean, I tell them honestly, you know, selling to us is a bad idea. We give them other options. You have to be straight with people. I think people know if you’re telling them the truth or not here more than in other places. But I think that’s the same all over the country.
Mike: Yeah. So I have some friends that invest in Boston, and one of the challenges that they had for quite a while was it was pretty standard practice to sell your house, even if it’s a need of a lot of repairs because a lot of houses are older and need a lot of repairs, just sell it on the MLS. Are you finding that it’s the same where you’re at where it’s like stuff you might want to wholesale or wholetail like it’s already fairly standard practice to just still sell it through a realtor?
Michael: So one of the things we . . . I am a licensed broker, and one of the things we do on a lot of appointments is tell them that, you know, you should list it and this is what you can get for it. And we have a very good pitch on why they should list with us. And we’ve converted, you know, we were spending so much on marketing, we felt like it was foolish to . . .
Mike:Right. No recoup some of that.
Michael: . . . not monetize those deals that were MLS deals. You know, we asked straight up, you don’t have anybody you would list with. If the answer is no, then we pitched them as hard on listing if that’s clearly where they’re going for a variety of reasons, right? They may owe more than we can pay so it’s never going to happen. The house is in perfect condition. It could be a million reasons why. We pitched them very hard on listing, and we’ve been making money on listings. So I think it happens a lot to put things on MLS, and I just hope we’re the ones that make money on it.
Mike: And how do you differentiate why they shouldn’t list it on the MLS? What do you tell them is the benefit of . . . ? Obviously, speed probably, but what is the benefit? Because, you know, one of the struggles always is if you give that listing option, if you say, “Well I can buy it for this or list it for that.” A lot of times people will say, “Well, wow, you can get me a lot more by listing it. Why don’t you just try that? If that doesn’t work then you’ll probably still buy from me anyway.” How do you make sure you don’t cannibalize yourself?
Michael: So it’s very interesting. We get that sometimes. We got that recently and sometimes we’re signing a contract today on something where I told them, I really think you should list it. And they told me no, they want to sell it to us for $50,000 less or something like that. So a big chunk. We tell them the advantages and disadvantages. So the advantages of selling a property to somebody like us is speed, not even speed, but we’ll close whenever you want. And that can be in two weeks and that can be an year and a half if you need time to find the place. We’ll work on your schedule.
The second advantage is that the price is the price. It’s not going to change. We’re not going to come back later and say, an inspector came or an appraiser came and they know, and a lot of people know that that happens. Some people are really turned off by that. They just want to know what the prices.
And another one, and this is a big one for a lot of the sellers, is that they just not going to have people coming in and out of the house. Some of the people we buy from are hoarders. Some of the people are embarrassed about the conditioner that house. They just don’t want people to come. We found those are the advantages, and the disadvantages that you’re going to get less money. And I’ve never had anybody say why or not understand that.
So there are some properties that we go into right away we know they’re not going to be listings, and some properties we go into right away and we can’t imagine that they won’t be listings. But you never really know.
Mike: You never know what the motivation behind there is, right?
Michael: So we give them both options. I really have no . . . we usually would make more money if we buy it, but I have no problem making listing commission if that’s the right thing for them.
Mike: Sure, sure. Yup. Yup. So what are some of the differences with exit strategies? I know you, you know, are moving more in the direction of wholesaling and wholetailing, which is, you know, I know why you’re doing it. It’s obviously a lot easier. Maybe you can explain some more reasons, but . . . and then just talk about how that might differ in your market. Now, clearly, I think most people know that rehabs up in the northeast, you can just imagine are much more complicated. I mean, older houses for one, things like oil tanks in some areas, all sorts of stuff that just complicate that and probably, you know, coming from someplace like Texas for sure, probably a lot more bureaucracy is what I’m imagining. But kind of explain how just exit strategies are different and then certainly rehabbing will understand that, but maybe start with wholesaling and wholetailing and get into [what that means 00:18:54].
Michael: Sure. Well, wholesaling is beautiful because nobody gets involved except you and the attorneys and the cash buyers. So that’s great. In our area, in Long Island and we do Nassau and Suffolk counties, there are many townships and then within those townships they’re incorporated villages and then a couple of cities within the towns also. So you have a lot of different building codes and code issues that you need to know well. And when we were rehabbing, we got to know a lot of those things well, but it’s still a huge, huge bureaucratic pain that we really wanted to avoid. Now, I have no problem with people whole wholesaling a deal to a guy who’s going to deal with that and make more money than us, then I have no problem. It’s just we didn’t want it . . . that’s not what we are choosing to do.
So for four years we really looked at everything. What else can we do to this property and now when we go to a property, we look to what’s the least we could do with it? The least is just assigning the contract to a cash buyer. Sometimes those numbers don’t work, so we’ll wholetail it, so we’ll buy it and sometimes do nothing to it and just put it out on the MLS if the numbers make sense.
More often, we’ll paint it or fix a few things, make sure that it’s a financeable and then put it on MLS. We’ll wholetail it. We’ve had good success with wholetailing. I think we were averaging even more money on wholetailing than we do on wholesaling. So that’s a definitely a strategy that we’re going to continue. But the bureaucracy of the different building departments in our area is just staggering. I almost don’t even understand it, but we go into some small village, it’s got like a 5,000 or 6,000 people and there’s 18 full-time employees working there in the building department. I don’t get it, but those people have to justify their municipal salaries too. So they make your life miserable. And if I never had to file a permit again the rest of my life, I [inaudible 00:20:46].
Mike: Yeah, I get it. I mean, I rehabbed hundreds of houses, and, you know, I have a good contractor that’s made it easy for me. We built a great relationship, but there is no doubt that . . . in fact, I have a . . . you know, we have a . . . I’ll just give you an example. We recently closed two, I don’t, I generally buy one house at a time from a seller, but this seller, we bought two houses from. They had two rental properties. They wanted to sell them. One of them we wholetailed and they both needed about the same level of work actually. One of them we decided to rehab and one of them we decided to wholetail. The wholetail one, that’s been gone for weeks. I spent 1,000 bucks, literally just cleaning it. I mean, it’s still old and needs a lot of updating, but at least, you know, we had somebody cleaned the carpets even though the carpets need to be replaced, but at least it doesn’t smell as bad or whatever. And so that one was gone in like days.
And this other one, you know, we continued to rehab for four or five weeks and we don’t have the bureaucracy down here that you have there. And we put it on the market, and you know, we put on the market yesterday, it’s actually blowing up. It’ll be a quick sale one, but it could have easily been one that’s just kind of lingering around too. And of course, you have to go through the whole song and dance of the sales process, which is not as complex for us as it is for you up there. But it’s just a night and day difference. The rehab, I’ve checked on it several times. The wholetail I went there for 15 minutes at the beginning and never went back, you know. So it’s a standpoint, it’s hard to scale some of those things, right?
Michael: Yeah. One of the things we were recognizing a couple of years ago is that the prices for the completely renovated properties and the prices between property, let’s say a 10 out of 10 or a 9 out of 10, and the difference between that and the price of a house that was like a 6 out of 10 or a 7 out of 10, where it was just okay or even a 5 out a 10 where it’s narrowing. So when we first started, you know, you wanted top dollar, there was a big difference between top dollar and a house that had kitchen from 30 years ago.
But what we’re seeing now, we’re still seeing it and we saw it for . . . we’ve been seeing it for a few years, is that there are people that really watched the market run away from them. And let’s say they could spend . . . they wanted to buy a house for $400,000 and everything in their neighborhood was going for $450,000, 475,000, they might pay 400,000 for a house that’s just fair, right? If you put it out in $399,000, you might, you’ll catch that bargain hunting group.
And when we try and comp out properties now, we really look for what, you know, what’s it worth as is on a retail basis. And we saw that gap was not worth . . . it wasn’t worth it for us. It didn’t make sense. And that might change as time goes by. You know, if there’s a big enough gap, it might be worth it. But what we see now is that the less you do to a house, as long as it’s financeable, someone can get a mortgage on it, you’d be shocked what people will pay for it.
Mike: I think that it’s determined a lot by market cycles. Like I think what we’ve seen here, honestly, we’ve been wholetailing for years. We’ve talked for literally three or four years, we’ve just been wholetailing almost everything. I haven’t done as many major rehabs in a long time. I just happened to do several here over the past few months. But because what we’re seeing now is nowadays on market is slowing down. Like inventory is building up a little bit because the market has slowed. And so now you have to differentiate yourself.
But, you know, if you were on a desert island and there was like one person there and you’re not that attracted to them, but like, hey, it was just the two of us are forever. Like you start to make some concessions, right? So it’s the same thing with a house. It’s like you get to a point to where, you know, you’re just like, hey, there’s hardly anything available, so I’ll take whatever you got, you know.
And, not that that’s taking advantage of anything, that’s just like you said, somebody that waited too long to buy and it’s out of their budget now, so they have to accept imperfection or like you said, people that are in that deal mindset, it’s the same mindset that has allowed America to have outlet malls all over the place. Like some people just want a deal. They’re willing to accept, like, you know, a pink shirt or something that like. I don’t really like it, but I got it at such a good deal. It’s half off, you know. There’s always people that are willing to do the work themselves or find some other way to justify getting a good deal.
Michael: Right. And also the price points here so high, so someone might qualify for a $400,000 loan and the top renovated properties are all going for 500,000, they can only go for 400,000. But they’ll . . . if they can get in the neighborhood where they want to be for $100,000 less than the top of the market, then it’s something that they want.
Mike: Some of this stuff it’s dated. They just start to adjust, “Hey, over the next few years we’ll fix it up here and there as we get some money or get time.”
Michael: We hear that all the time. And they’ll come in and they’ll complain, and we’ll say, “Listen, we’re pricing this well below what we could. You know, if we fixed it up, you know, we’d price a much higher.” And I think people understand that, that they’re getting something at what they believe is a bargain, and then they’ll put up with some outdated things.
Mike: Yup. Yup. So Michael, if folks were getting started right now and they were starting up in New York or, you know, Boston has a lot of same issues, New Jersey has a lot of the same issues. What are some of the things, you know, you’ve talked about a few of them here, but anything else we’re missing that they should consider when they’re getting started in terms of overcoming some of the challenges that you faced?
Michael: I’d say the biggest thing is that, you really need to . . . if you’re going to go into, direct to seller marketing, whatever channel you’re going to try, you need to give it, at least not I’m saying 9, but it’s really 12 months to figure it out if it works and what the return on investment is. So it’s easy to, in other parts of the country, to try something for three, four months and say it’s not working. But here it’s just, I feel like it’s the sales cycle is so long that you need to be consistent and do the same thing for a long time to figure out if it works or not.
Mike: Yup. Yup. And the sales cycle is long too. You have, I probably, unlike other markets, which has just been around for a lot longer, you probably have a lot more kind of multigenerational ownership type stuff where people that own houses for a long time. They moved into the house that mom used to live in. There’s a lot more of that stuff because the pricing is higher, right? So that just the decision-making time is a lot longer too, I would expect.
Michael: Absolutely. I went on an appointment today where the guy bought the house from his parents, and we recently bought a house, and there’s an occupant that we want to remove and he said his father died in the house and he’s fighting us. Yeah. There’s a lot of what you were saying going on for sure.
Mike: Yeah. Because when you sell a lot of times like, you know, housing, there just isn’t it as affordable as let’s say in the south or other parts of the country. So there’s just more hand-me-down type housing situations, right?
Michael: Yeah, we see that all the time.
Mike: Yeah. Yeah. Awesome. Awesome. Well, Michael, if folks wanted to learn more about you or what’s going on, where can they go?
Michael: So you can come to our website, to lmpkproperties.com. I started a YouTube channel to try and help other people who are getting started in this business in New York. It’s called Flipping & Wholesaling in New York. I think there’s an ampersand for and, but you can subscribe to that. Giving away all our secrets on those videos. It’s a very short two to three minute videos post almost every day.
Mike: Oh wow. Okay.
Michael: And going through everything that’s different about New York, how to generate leads in New York and everything about how the business is different. So you can definitely subscribe there and comment if you’d like. Our phone number is on every video also, so you can call us. We’re here to help anybody that needs help. And I think we can give a pretty good base, education to anybody that’s looking to start.
Mike: That’s great. We’ll find the link, and we’ll put it in the show notes here. For those of you who are listening that aren’t able to, you know, if you’re driving or something right now, we don’t want you to like wrap your car around a tree. So we’ll definitely put it in the show notes here. So, Michael, we didn’t talk about it much, but you’re also a member of our Investor Fuel mastermind. Would you mind maybe sharing some thoughts? I mean, I know that I’m not . . . I don’t want to put any words in your mouth, just kind of maybe share your experience so far as a member of the group.
Michael: So I missed the most recent meeting because my daughter got married around the same time, but I went to the one earlier and I can say it was an unbelievably great experience. It’s an amazing group of people. There’s no A-holes in the group. Everyone is there to give and to help. And I think I’ve used the group as much as any other members since by not just reaching out to other members to get help for all the different things that we were doing. We’ve actually used the group members as vendors, such as Todd Swaggerty who has Yellow Letter HQ. And, I’ve gotten so much help from the group.
But the biggest advantage to me of the group is I actually watched the videos of the presentations almost every day. And for me, just seeing people that are going through the same struggles that we were going through and learning how they overcame them and what the best mindset is, has been incredibly therapeutic and helpful to me. So I couldn’t recommend the group enough. I think it’s an amazing tool for anybody who’s doing this who feels like they’re alone or who feels like they need help. It’s an amazing resource to reach out to. And I think it’s fantastic.
Mike: Awesome. I appreciate that. Yeah. One of the things that some people don’t realize, or that you just kind of alluded to here is we’ve actually had six meetings now. So Investor Fuel’s been running for a year and a half. We have kind of a big quarterly meetings, but we have recorded every presentation. And so when people join, they get access to the library of all the presentations, all the resources people have shared. I mean, there’s a master library out there of just a treasure trove of information and insights for sure.
Michael: I find that incredibly helpful. I’m trying to get through it. I’m not done with the August yet, but . . .
Mike:We’ll try to outpace you so.
Michael:I know. I’m working my way through it. I’ve decided I’m going to catch up before our May meeting that I’m definitely coming to in Dallas.
Mike: Awesome. Awesome. Well, Michael, thanks again for joining us on the show today.
Michael: It’s my pleasure. Thank you, Mike.
Mike: And everybody, thanks for joining us today. Again, episode number 466 with Michael Pinter. If you haven’t yet, we’d appreciate it if you subscribe to us on Stitcher, iTunes, Google Play or wherever you might listen or watch the show at, YouTube as well. And of course, all of our shows that we’ve done are all available on flipnerd.com. So everybody until the next episode. I have a little tagline here that I always forget, Michael. I always screw it up, but I say, till the next episode, stay strong, stay cool and keep fighting for freedom. Everybody see you on the next one.
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