NJ Real Estate Radio: A Podcast for Home-Buyers and Investors
40 episodes - English - Latest episode: over 2 years ago -In this podcast, your host, Max Vishnev, a licensed NJ real estate agent, "house hacker", real estate investor, and writer, will discuss relevant, helpful, and timely topics related to all things real estate, with a specific focus on the NYC Metro market across the Hudson River (Northern NJ). This show is ideal for first-time home-buyers, house-hackers, and anyone interested in becoming a real estate investor.Max spent the majority of his life in New York City before becoming a Northern NJ home-owner, landlord, and licensed Realtor.
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Episodes
Episode 22: Client Success Stories -- Meet Kyle, a Condo-Hacking Millennial
January 11, 2022 14:00 - 39 minutes - 27.4 MBIn this episode, we'll meet my client, Kyle, who chose the "condo-hacking" route for his first purchase. Kyle reached out to me on March 13, 2020, just a week before NYC shut down all "non-essential" businesses. Kyle wanted to buy his first property and ended up getting under contact and closing on a 3 bedroom, 2 bath condo in a rapidly gentrifying area south of Journal Square in Jersey City. In this interview, we dive into what his numbers look like as a "condo hacker" (compared to what ...
Client Success Stories -- Third Time Was the Charm For This House-Hacking Couple in Jersey City
December 20, 2021 14:00 - 55 minutes - 38 MBIn this episode, you'll "meet" my clients, Yue and Ke, who closed on their first multi-family property together a few months ago in the Heights section of Jersey City. We delve into their journey, talk about how and why their first two deals fell through, and discuss the lessons along the way. This episode is chock-full of valuable advice and tidbits if you're just getting started with real estate investing, including: - The importance of choosing a good lender - Building your foundation -...
NJ Real Estate Radio Episode 20: 6 Lessons I Learned From My First Real Estate Purchase
December 02, 2021 20:00 - 57 minutes - 39.7 MBBuying real estate is definitely not a walk in the park! And in this episode, I open up about my own foray into real estate investing, with a deep dive into the Catskills property my wife and I bought in late summer of 2018 and the "adventures" we had as Airbnb hosts and property owners during the first year. Trust me, if you've been thinking about buying your first property, or if you've considered short-term rentals or long-distance investing as investment strategies, you do NOT want to ...
Client Success Stories: Meet Two-Time Northern NJ House Hacker Jeremy
November 24, 2021 17:00 - 1 hour - 46.8 MBI'm very excited to bring you this episode, because it is my first interview with a client. Jeremy shares his journey as a 23-yr-old with a desk job he realized he didn't want to be in for the next 40 years to catching the real estate bug to buying his first "house hack" to running out of space during the first year of the pandemic and deciding to get his NEXT property to "house hack". In the span of just 2 years, Jeremy went from living in his parents' basement to owning 2 properties (4...
18: Home Inspection 4-1-1 with Two Great Hudson County NJ Home Inspectors
November 04, 2021 13:00 - 52 minutes - 36.1 MBOh man, I'm so excited about publishing this one! This is my first Q&A-style episode and it features two brothers, Omar and Ahmed Amin, both of whom are on my short-list of trusted home inspectors. They share a ton of wisdom, great advice, and plenty of humor. You won't want to miss a minute of this episode, even if that means listening to it in chunks. Here are just SOME of the topics/questions we cover: - What advice would you give to a first-time buyer preparing for their first home ...
How to Stay Sane in a Crazy Real Estate Market
August 06, 2021 13:00 - 35 minutes - 24.2 MBTo say that the housing market has been a bit nuts lately would be an understatement. Can new investors and aspiring homeowners/house-hackers navigate these turbulent waters without losing their minds? I think the answer is a resounding yes, IF you focus on the following 5 things: 1) Take the long view (and identify your investing time horizon) 2) Focus on the fundamentals 3) Know your numbers 4) Filter out the noise 5) Prioritize experience over trying to time the market In this episod...
17: How to Stay Sane in a Crazy Real Estate Market
August 06, 2021 13:00 - 35 minutes - 24.2 MBTo say that the housing market has been a bit nuts lately would be an understatement. Can new investors and aspiring homeowners/house-hackers navigate these turbulent waters without losing their minds? I think the answer is a resounding yes, IF you focus on the following 5 things: 1) Take the long view (and identify your investing time horizon) 2) Focus on the fundamentals 3) Know your numbers 4) Filter out the noise 5) Prioritize experience over trying to time the market In this episod...
Your Choice of Lender Is Crucial In Your First Home Purchase
July 28, 2021 21:00 - 20 minutes - 13.9 MBBuying your first real estate property is stressful enough. The last thing you want to do is to complicate the transaction and potentially delay closing or kill the deal by choosing the wrong lender. There are countless lenders and lending institutions out there, but my advice is to never choose a lender solely based on the lowest quoted rate. The loan process is such an important part of your ability to close that the choice should come down to several key factors, which is what I focus ...
16: Your Choice of Lender Is Crucial In Your First Home Purchase
July 28, 2021 21:00 - 20 minutes - 13.9 MBBuying your first real estate property is stressful enough. The last thing you want to do is to complicate the transaction and potentially delay closing or kill the deal by choosing the wrong lender. There are countless lenders and lending institutions out there, but my advice is to never choose a lender solely based on the lowest quoted rate. The loan process is such an important part of your ability to close that the choice should come down to several key factors, which is what I focus ...
DIYing vs Hiring Contractors For Your Next Home Project
July 13, 2021 21:00 - 37 minutes - 25.5 MBIn this day and age when qualified contractors that actually have availability and can offer a fair rate is increasingly hard to come by, the decision about whether to DIY or hire out your next rehab or renovation project has become all-the-more important. It's never black and white, though, since many factors go into your decision-making process, including but not limited to the scope of the project, your budget, preferred timeframe, personal experience and schedule, availability of licens...
15: DIYing vs Hiring Contractors For Your Next Home Project
July 13, 2021 21:00 - 37 minutes - 25.5 MBIn this day and age when qualified contractors that actually have availability and can offer a fair rate is increasingly hard to come by, the decision about whether to DIY or hire out your next rehab or renovation project has become all-the-more important. It's never black and white, though, since many factors go into your decision-making process, including but not limited to the scope of the project, your budget, preferred timeframe, personal experience and schedule, availability of licens...
14: 3 Important Home Inspection Add-Ons Every Home Buyer Should Consider
April 13, 2021 16:00 - 31 minutes - 21.9 MBBuying a home can be a stressful process, especially if it's your first property. Part of it is the uncertain nature of the process and the risks involved with buying a home you know very little about. That's why the standard contract (at least in NJ) has a 14-day inspection period, which allows the buyer to perform all necessary inspections and present any requests for repairs, remediation, or credits to the seller. Most buyers just do the regular home inspection. However, there are 3 i...
3 Important Home Inspection Add-Ons Every Home Buyer Should Consider
April 13, 2021 16:00 - 31 minutes - 21.9 MBBuying a home can be a stressful process, especially if it's your first property. Part of it is the uncertain nature of the process and the risks involved with buying a home you know very little about. That's why the standard contract (at least in NJ) has a 14-day inspection period, which allows the buyer to perform all necessary inspections and present any requests for repairs, remediation, or credits to the seller. Most buyers just do the regular home inspection. However, there are 3 i...
Highest and Best Offer
March 11, 2021 17:00 - 33 minutes - 22.9 MBIn this hot seller's market, "highest and best" is a real estate term that gets thrown around a lot. In this episode, I dive into some recent client examples and talk about the various aspects of an offer (the "terms") and the different levers you can play around with before submitting your offer. First-time buyers shouldn't miss this one! Theme music excerpted from: Feelin Good by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3744-feelin-good License: http://creativecommons.o...
13: Highest and Best Offer
March 11, 2021 17:00 - 33 minutes - 22.9 MBIn this hot seller's market, "highest and best" is a real estate term that gets thrown around a lot. In this episode, I dive into some recent client examples and talk about the various aspects of an offer (the "terms") and the different levers you can play around with before submitting your offer. First-time buyers shouldn't miss this one! Theme music excerpted from: Feelin Good by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3744-feelin-good License: http://creativecommons.o...
What We Can All Learn from Tom Brady
February 12, 2021 15:00 - 28 minutes - 19.7 MBLast Sunday, Tom Brady won his 7th Super Bowl at age 43. What can we glean from his habits that can be applied to our lives, even if we are just mere mortals and not legendary athletes? That's what this episode is about. And worry, I do tie it into real estate (eventually). Show notes: I mentioned a few books in this episode and would like to include links for them here, in case you're curious. I would recommend all of them: Why We Sleep by Matthew Walker The Circadian Code by Satchin ...
12: What We Can All Learn from Tom Brady
February 12, 2021 15:00 - 28 minutes - 19.7 MBLast Sunday, Tom Brady won his 7th Super Bowl at age 43. What can we glean from his habits that can be applied to our lives, even if we are just mere mortals and not legendary athletes? That's what this episode is about. And worry, I do tie it into real estate (eventually). Show notes: I mentioned a few books in this episode and would like to include links for them here, in case you're curious. I would recommend all of them: Why We Sleep by Matthew Walker The Circadian Code by Satchin ...
11. What You Need to Know About Buying Your First Real Estate Property
January 28, 2021 18:00 - 41 minutes - 28.3 MBBuying real estate is more like a marathon than a sprint. It’s going to take a while – from the search process to the escrow process, it may be months before you get the keys to your first property. In this episode, I want to share a few things with you to make the process a bit easier and less stressful. 1. Assemble your team before you start making offers: Agent, Lawyer, Lender. A great agent usually has a great team already, so ask them for recommendations. a. Get pre-...
What You Need to Know About Buying Your First Real Estate Property
January 28, 2021 18:00 - 41 minutes - 28.3 MBBuying real estate is more like a marathon than a sprint. It’s going to take a while – from the search process to the escrow process, it may be months before you get the keys to your first property. In this episode, I want to share a few things with you to make the process a bit easier and less stressful. 1. Assemble your team before you start making offers: Agent, Lawyer, Lender. A great agent usually has a great team already, so ask them for recommendations. a. Get pre-...
10: Should You Try to Time the Real Estate Market?
December 07, 2020 14:00 - 21 minutes - 14.9 MBIn this episode, I delve into whether newbie investors should try to time the market. As we approach year-end, I encourage everyone to carve out time to listen to this one. Show notes: A great video clip of Warren Buffett and Charlie Munger talking about their philosophy about buying companies rather than trying to guess where the stock market is heading: Warren Buffett says he never tries to 'time' stocks (cnbc.com) Nassim Nicholas Taleb books on Amazon.com Theme music excerpted from: F...
Should You Try to Time the Real Estate Market?
December 07, 2020 14:00 - 21 minutes - 14.9 MBIn this episode, I delve into whether newbie investors should try to time the market. As we approach year-end, I encourage everyone to carve out time to listen to this one. Show notes: A great video clip of Warren Buffett and Charlie Munger talking about their philosophy about buying companies rather than trying to guess where the stock market is heading: Warren Buffett says he never tries to 'time' stocks (cnbc.com) Nassim Nicholas Taleb books on Amazon.com Theme music excerpted from: F...
Everything You Need to Know About the Home Inspection
October 29, 2020 15:00 - 45 minutes - 31.6 MBBuying a home or investment property isn't easy. There are many hurdles between making an offer and getting to the closing table. And arguably the most important is the home inspection. In this episode I take a deep dive into the home inspection process -- what's involved, what's covered, what to look out for, what questions to ask, big red flags vs. relatively minor issues, and what protections and options you have as a buyer. If you're an aspiring home owner, investor, or house-hacking...
9: Everything You Need to Know About the Home Inspection
October 29, 2020 15:00 - 45 minutes - 31.6 MBBuying a home or investment property isn't easy. There are many hurdles between making an offer and getting to the closing table. And arguably the most important is the home inspection. In this episode I take a deep dive into the home inspection process -- what's involved, what's covered, what to look out for, what questions to ask, big red flags vs. relatively minor issues, and what protections and options you have as a buyer. If you're an aspiring home owner, investor, or house-hacking...
8: State of the Market Update for Northern NJ Real Estate + Three Professionals You Need On Your Side
September 26, 2020 23:00 - 17 minutes - 12.3 MBReal estate is not rocket science. Yes, you can get super fancy with the data and analytics, but at the end of the day, like anything else in a free market, the price (of homes, in this case) ultimately comes down to supply and demand. And right now, at least in Northern New Jersey, demand has been exceeding supply, despite everything that's going on politically, socially, economically, and health-wise in our country. On the demand side, a lot of renters are looking to buy their first h...
State of the Market Update for Northern NJ Real Estate + Three Professionals You Need On Your Side
September 26, 2020 23:00 - 17 minutes - 12.3 MBReal estate is not rocket science. Yes, you can get super fancy with the data and analytics, but at the end of the day, like anything else in a free market, the price (of homes, in this case) ultimately comes down to supply and demand. And right now, at least in Northern New Jersey, demand has been exceeding supply, despite everything that's going on politically, socially, economically, and health-wise in our country. On the demand side, a lot of renters are looking to buy their first h...
7: What's More Real Than REAL Estate?
August 29, 2020 13:00 - 9 minutes - 6.56 MBThis morning, while I was making my coffee, I had a little "light bulb" moment. I've been trying to reconcile in my own mind the obvious discrepancy between all of the anxiety, uncertainty, and devastation in the United States, with how hot the real estate market has been, at least here in NJ (and I know it's true in other markets in the NYC Metro Area as well), and it hit me -- during times of great upheavals, unrest, and volatility, people flock to what they know and what they understand....
What's More Real Than REAL Estate?
August 29, 2020 13:00 - 9 minutes - 6.56 MBThis morning, while I was making my coffee, I had a little "light bulb" moment. I've been trying to reconcile in my own mind the obvious discrepancy between all of the anxiety, uncertainty, and devastation in the United States, with how hot the real estate market has been, at least here in NJ (and I know it's true in other markets in the NYC Metro Area as well), and it hit me -- during times of great upheavals, unrest, and volatility, people flock to what they know and what they understand....
6: The Many Benefits of Real Estate Ownership
August 21, 2020 13:00 - 26 minutes - 18.2 MBBecoming a property owner has transformed my life in many ways, so in this podcast episode, I wanted to focus on the many benefits of owning real estate, including pride of ownership, the opportunity to learn and develop new skills, the many tax advantages, as well as real estate allowing you to diversify your portfolio, hedge against inflation risk, and pass on a financial legacy to your children in a tax-advantaged way. I cover that and more, so be sure to listen to the end. If you would...
The Many Benefits of Real Estate Ownership
August 21, 2020 13:00 - 26 minutes - 18.2 MBBecoming a property owner has transformed my life in many ways, so in this podcast episode, I wanted to focus on the many benefits of owning real estate, including pride of ownership, the opportunity to learn and develop new skills, the many tax advantages, as well as real estate allowing you to diversify your portfolio, hedge against inflation risk, and pass on a financial legacy to your children in a tax-advantaged way. I cover that and more, so be sure to listen to the end. If you would...
Best Ways to Make Your Offer Stand Out in a Competitive Real Estate Market
July 17, 2020 13:00 - 34 minutes - 24 MBThe pandemic has changed our lives in many dramatic ways, and it's also had a huge impact on the NYC Metro real estate market, including many parts of NJ. As a busy buyer's agent, I'm seeing "highest and best offer" situations all over the place. The market is very competitive, especially for well-priced properties. Demand is very strong, despite the steady stream of scary national headlines. This is largely driven by historically low rates (30 yr average mortgage rates are now below 3%!...
5: Best Ways to Make Your Offer Stand Out in a Competitive Real Estate Market
July 17, 2020 13:00 - 34 minutes - 24 MBThe pandemic has changed our lives in many dramatic ways, and it's also had a huge impact on the NYC Metro real estate market, including many parts of NJ. As a busy buyer's agent, I'm seeing "highest and best offer" situations all over the place. The market is very competitive, especially for well-priced properties. Demand is very strong, despite the steady stream of scary national headlines. This is largely driven by historically low rates (30 yr average mortgage rates are now below 3%!...
State of the Real Estate Market - Northern NJ - June 2020
June 24, 2020 11:00 - 22 minutes - 15.4 MBIn this episode, I share my thoughts on what I've been seeing in the Northern NJ market lately, in terms of buyer demand and competition, how long properties are sitting on the market, and the latest on prevailing mortgage rates and what that means for real estate prices. Other important topics discussed or questions answered include: - Will foreclosures spike and should I wait around for more bargains? - How much more home someone can afford today vs. same time last year - Why prospective ...
4: State of the Real Estate Market - Northern NJ - June 2020
June 24, 2020 11:00 - 22 minutes - 15.4 MBIn this episode, I share my thoughts on what I've been seeing in the Northern NJ market lately, in terms of buyer demand and competition, how long properties are sitting on the market, and the latest on prevailing mortgage rates and what that means for real estate prices. Other important topics discussed or questions answered include: - Will foreclosures spike and should I wait around for more bargains? - How much more home someone can afford today vs. same time last year - Why prospective ...
3: Why Working With a Buyer's Agent is Crucial When Looking to Buy a Home
May 27, 2020 22:00 - 25 minutes - 17.5 MBThis is episode is a "must-listen" for anyone looking to purchase their first home. I dive into the top reasons why it's critical to work with a great buyer's agent when looking to buy a home, especially if you are a first-time home buyer. The reason this topic is important is because a great buyer's agent brings a ton of value -- from the search process to negotiations to closing -- while costing the buyers nothing! That's right -- buyer's agents get paid by the seller (from the total ...
Why Working With a Buyer's Agent is Crucial When Looking to Buy a Home
May 27, 2020 22:00 - 25 minutes - 17.5 MBThis is episode is a "must-listen" for anyone looking to purchase their first home. I dive into the top reasons why it's critical to work with a great buyer's agent when looking to buy a home, especially if you are a first-time home buyer. The reason this topic is important is because a great buyer's agent brings a ton of value -- from the search process to negotiations to closing -- while costing the buyers nothing! That's right -- buyer's agents get paid by the seller (from the total ...
2: How the Pandemic Will Impact the NYC Metro Real Estate Market
May 14, 2020 02:00 - 15 minutes - 11 MBIn this episode, we discuss 5 ways the pandemic will impact NYC Metro real estate market. 1. The desire for indoor and outdoor personal space - Home office, home gym, etc. 2. Health reasons - Avoiding crowded hallways, elevators, and common areas 3. Work from home flexibility - More people have the option to work anywhere, without such heavy consideration given to commute time 4. Mortgage rates are at or near historic lows, meaning buying can be cheaper than renting 5. Polls show 40%...
How the Pandemic Will Impact the NYC Metro Real Estate Market
May 14, 2020 02:00 - 15 minutes - 11 MBIn this episode, we discuss 5 ways the pandemic will impact NYC Metro real estate market.
Top 3 Reasons to Buy Real Estate Now
May 02, 2020 14:00 - 12 minutes - 8.76 MBThe combination of historically low mortgage rates, some buyers sitting on the sidelines, and potentially move motivated sellers makes this a great buying opportunity. We are living through a period of tremendous uncertainty, fear, and social upheaval, bombarded with scary headlines, images, and daily death toll reports, stuck at home “indefinitely”, hoping to remain healthy and employed. Face masks, gloves, and social-distancing is our “new normal”. Those of us that do leave the house enco...
1: Top 3 Reasons to Buy Real Estate Now
May 02, 2020 14:00 - 12 minutes - 8.76 MBThe combination of historically low mortgage rates, some buyers sitting on the sidelines, and potentially move motivated sellers makes this a great buying opportunity. We are living through a period of tremendous uncertainty, fear, and social upheaval, bombarded with scary headlines, images, and daily death toll reports, stuck at home “indefinitely”, hoping to remain healthy and employed. Face masks, gloves, and social-distancing is our “new normal”. Those of us that do leave the house enco...
Why Now is a Great Time to Buy Your First Real Estate Property
April 27, 2020 01:00 - 14 minutes - 10 MBWe are living through a period of tremendous uncertainty, fear, and social upheaval, bombarded with scary headlines, images, and daily death toll reports, stuck at home “indefinitely”, hoping to remain healthy and employed. Face masks, gloves, and social-distancing is our “new normal”. Those of us that do leave the house encounter mostly shuttered storefronts, bars, and cafes. Entire sectors of the economy are at a virtual standstill. In this environment, what’s a homebuyer or real estate i...