Jon Steingraber

Right, or 50% down or something like that. Yeah. So, you know, and look, they all work. You can, it's not, you know, this is the only way to do it. There's a million ways to make money. It's just, what do you want? What are you excited about?

Right, or 50% down or something like that. Yeah. So, you know, and look, they all work. You can, it's not, you know, this is the only way to do it. There's a million ways to make money. It's just, what do you want? What are you excited about?

private private i do 50 private right so i still like using hard money because then i don't have as much need for the private um neither is wrong no and i used hard money like yeah and on the 24-hour flip there was a you know one of my private lenders was like hey i'm actually buying a property i'm not lending money on this deal and and he had earmarked that money for my deal

private private i do 50 private right so i still like using hard money because then i don't have as much need for the private um neither is wrong no and i used hard money like yeah and on the 24-hour flip there was a you know one of my private lenders was like hey i'm actually buying a property i'm not lending money on this deal and and he had earmarked that money for my deal

So I went to my local hard money lender, right? Alpha Funding. Okay. They're awesome. And, you know, they closed that deal in less than 10 days. That's great. Right? So, you know, hard money is another form of capital, right? What I dislike about hard money is the monthly payments. There was a time I had 26 properties at once and my bills were $65,000 a month.

So I went to my local hard money lender, right? Alpha Funding. Okay. They're awesome. And, you know, they closed that deal in less than 10 days. That's great. Right? So, you know, hard money is another form of capital, right? What I dislike about hard money is the monthly payments. There was a time I had 26 properties at once and my bills were $65,000 a month.

So I would flip a house, make money, and then that would pay next month's bills. That's right. Right. So, you know, the chokehold is really that monthly payment. If you can do it with private capital, you know, I do it where you invest the money and then you get the money back plus your interest at the end of the deal when we close. That's where there's no monthly payments.

So I would flip a house, make money, and then that would pay next month's bills. That's right. Right. So, you know, the chokehold is really that monthly payment. If you can do it with private capital, you know, I do it where you invest the money and then you get the money back plus your interest at the end of the deal when we close. That's where there's no monthly payments.

And God forbid that you're in a market where things go sideways and then you're stuck holding the bag and then you're like, shit, all the profit that I just worked for. That's right. You know, is in these deals and now they just all went down.

And God forbid that you're in a market where things go sideways and then you're stuck holding the bag and then you're like, shit, all the profit that I just worked for. That's right. You know, is in these deals and now they just all went down.

Yeah.

Yeah.

Um, I mean, the inventory is very low. I think that has a lot to do with New York City, even though New York City is bouncing back. I think the Trump administration has definitely helped from a perspective of hope and, you know, the areas that had high crime and stuff like that, like some of the areas in New York City, people feel a little bit different now.

Um, I mean, the inventory is very low. I think that has a lot to do with New York City, even though New York City is bouncing back. I think the Trump administration has definitely helped from a perspective of hope and, you know, the areas that had high crime and stuff like that, like some of the areas in New York City, people feel a little bit different now.

Meaning in a more optimistic way. Sure. So, you know, we might see a little bit lower of an influx in New York, but then it'll bounce right back and we get kind of the overflow. Why? Because when New York is doing well, their prices go up. And when their prices go up, people seek to find other, you know, properties. And they go to New Jersey. That's right. And if you are...

Meaning in a more optimistic way. Sure. So, you know, we might see a little bit lower of an influx in New York, but then it'll bounce right back and we get kind of the overflow. Why? Because when New York is doing well, their prices go up. And when their prices go up, people seek to find other, you know, properties. And they go to New Jersey. That's right. And if you are...

If you're selling like a $1.5 to $2 million house in New Jersey, 90% of your buyers are Jersey City, Hoboken, right? Which are people that work in Manhattan or people in Manhattan or Brooklyn, right? In the nice areas of Brooklyn.

If you're selling like a $1.5 to $2 million house in New Jersey, 90% of your buyers are Jersey City, Hoboken, right? Which are people that work in Manhattan or people in Manhattan or Brooklyn, right? In the nice areas of Brooklyn.

They're buying in the suburbs. They want good schools and they have, you know, their wife is pregnant. They already have a kid and they want more space.

They're buying in the suburbs. They want good schools and they have, you know, their wife is pregnant. They already have a kid and they want more space.