Jon Steingraber

Right. So we have that kind of benefit in Jersey that we get the overflow from New York. Um, and Miami is like, you know, it's like New York, but with nice weather and more expensive real estate.

Right. So we have that kind of benefit in Jersey that we get the overflow from New York. Um, and Miami is like, you know, it's like New York, but with nice weather and more expensive real estate.

I mean, I'm blown away by Miami and, and there's a lot of opportunity here as well. I just, I've always been the type of person that you can track the space. If you can hit your goals in one geographic area. Your life will be easier if you focus and know everything there is to know. And you know that area like the back of your hand. Yeah.

I mean, I'm blown away by Miami and, and there's a lot of opportunity here as well. I just, I've always been the type of person that you can track the space. If you can hit your goals in one geographic area. Your life will be easier if you focus and know everything there is to know. And you know that area like the back of your hand. Yeah.

That's just, you know, and that's why I like my coaching programs only in Jersey.

That's just, you know, and that's why I like my coaching programs only in Jersey.

Right. I have people are like, oh, in California, can you coach me? I'm like, look, I give my coaching students contractor resources. You know, we go to people's properties. It's very intimate. It's very sure. It's not like a scaled program. Yeah. Right. So it's that's why we just focus in on that geographic area.

Right. I have people are like, oh, in California, can you coach me? I'm like, look, I give my coaching students contractor resources. You know, we go to people's properties. It's very intimate. It's very sure. It's not like a scaled program. Yeah. Right. So it's that's why we just focus in on that geographic area.

It's very localized real estate. Of course. And if you, but you have people on the ground too, in those geographic areas that you're typically like partnering with. So it's a little bit different.

It's very localized real estate. Of course. And if you, but you have people on the ground too, in those geographic areas that you're typically like partnering with. So it's a little bit different.

I don't like to partner with people.

I don't like to partner with people.

Cause I don't know if they did their tax returns or not. Exactly. And we go to sell the house and now we got to pay their tax bill.

Cause I don't know if they did their tax returns or not. Exactly. And we go to sell the house and now we got to pay their tax bill.

Which has actually happened to me before.

Which has actually happened to me before.

Yeah. Yeah. So I try to keep it as simple as possible. But, you know, when you're doing business, you just need to decide on, you know, you can make money in any area. It doesn't matter if it's low end, if it's high end, if it's one area or nationwide. Like, I'll look at anything nationwide if it's commercial. Because it's strictly based on cap rate, which is easy to find.

Yeah. Yeah. So I try to keep it as simple as possible. But, you know, when you're doing business, you just need to decide on, you know, you can make money in any area. It doesn't matter if it's low end, if it's high end, if it's one area or nationwide. Like, I'll look at anything nationwide if it's commercial. Because it's strictly based on cap rate, which is easy to find.

And it's based on the numbers of the income and the expenses of the property, right? You're just coming up with the NOI and dividing it by cap rate. That's the value. And you want to get it cheaper than that and see if there's any value add or upside to it. So, you know, with those type of properties, it's different. In single family construction and flips...

And it's based on the numbers of the income and the expenses of the property, right? You're just coming up with the NOI and dividing it by cap rate. That's the value. And you want to get it cheaper than that and see if there's any value add or upside to it. So, you know, with those type of properties, it's different. In single family construction and flips...