Episode 018: Doing Deals in the Toughest Market in the Country with Michael Pinter
Release Date: 07/02/2024
ProbateHouseGuy Podcast
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info_outlineIn this episode of the Probate House Guy podcast, we dive deep into the world of real estate investing in New York with Michael Pinter, a seasoned investor with over 13 years of experience. Michael shares his journey from the mortgage industry to becoming a full-time real estate investor, highlighting the unique challenges and opportunities in one of the toughest markets in the U.S. We discuss strategies like wholetailing and owner financing, and how Michael navigates the complex regulatory environment in New York. This episode is packed with insights on how to succeed in a highly competitive market and adapt to changing conditions.
Key Talking Points
[00:00] - Introduction to the episode and Michael Pinter.
[01:06] - Michael's transition from the mortgage business to real estate investing.
[02:26] - Overregulation in the mortgage industry and its impact on Michael's career.
[03:39] - Differences in real estate transactions in New York compared to other states.
[05:05] - Michael's approach to wholetailing and how it differs from traditional wholesaling.
[07:43] - The benefits of wholetailing in a market with high demand and low inventory.
[13:03] - Challenges with renovating and why less can sometimes be more.
[17:06] - The concept of owner financing and how it works.
[18:55] - The importance of managing cash flow and the impact of high earnest money deposits in New York.
[21:26] - Michael's future plans and his shift to investing in El Paso, Texas.
Links & Resources
- Easy REI Closings: https://www.easyreiclosings.com
- Michael Pinter on Instagram: https://www.instagram.com/michaelbpinter
- Bigger Flips YouTube Channel: https://www.youtube.com/biggerflips
- Deal Finders Club: https://www.dealfindersclub.com
- Probate House Guide: https://www.probatehouseguy.com
Closing Remarks
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