The iCandy Realty Fix & List Model with Steve Budzik
Guest: Steve Budzik is the managing broker & founder of iCandy Realty, a Boutique Real Estate Brokerage in Mokena, IL serving the greater Chicago Real Estate Market. Steve is also an accomplished high volume fix & flip investor. Long time listeners will remember Steve’s past REI Diamonds episode where we discussed high dollar house flipping.
Big Idea: Steve developed the fix & list program to help his brokerage sell houses faster & at a higher price. The experience and contacts he developed flipping houses has dovetailed neatly into this new program. Steve has built both his brokerage & real estate investing business with a priority on high level service to the market place over high volume advertising. Our conversation begins with Steve’s evolution to the fix & list business model, his views on how to mitigate risk both as an investor and as a real estate agent, as well as a few reasons he believes every real estate agent should offer a program like this. Let’s begin:
Episode: Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon Cobb
Guest: Nashville Tennessee Real Estate Investor Brandon Cobb is the founder of HBG Capital. He is also a licensed and bonded General Contractor in TN managing more than $1O Million of new development annually.
Big Idea: Investing in Nashville Tennessee real estate is like most of the U.S. at the time of this recording: Low inventory combined with an insanely inflationary environment. There is also a housing shortage which has created profitable conditions for residential real estate developers who are capable of building with scarce & expensive building materials and labor. Not an easy task. On today’s episode Brandon & I discuss this situation and the system he’s developed to build profitably. Shall we begin?
This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/
This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com
Resources mentioned in this episode:
For Access to Real Estate Deals You Can Buy & Sell for Profit:
View the Episode Description & Transcript Here:
Daniel Breslin: Today’s guest, Nashville Tennessee Real Estate Investor, Brandon Cobb, is the founder of HBG Capital. He’s also a licensed and bonded general contractor in Tennessee, managing more than $10 million of new development each year. Investing in Nashville Tennessee Real Estate is like most of the US at the time of this recording, super low inventory combined with insanely inflationary environment. There’s also a housing shortage, which has created profitable conditions for residential real estate developers who are capable of building with scarce and expensive building materials and labor, not an easy task.
In today’s episode, Brandon and I discussed this situation and the system he’s developed to actually build profitably.
Brandon: Yeah, so I could probably speak to Nashville more than I can in the other markets. I know Memphis is a very heavy rental market. Over there, you can still scoop up properties for pretty cheap, but you got to be really careful because your tenant base is if you don’t have a good system to processes for vetting tenants, you will get hosed on that. Knoxville, you’re probably referring to Gatlinburg and Pigeon Forge, tons of cabins going up Airbnb, right? COVID kind of blew that area up. Everybody wants to go on a vacation, but they’re scared of COVID or there’s a lockdown. So those areas where you can kind of get the whole glamping experience or cabin experience blew up, that area’s phenomenal. The Smoky Mountains are obviously one of the best places to go and hike, especially during the fall when the leaves change. A little tip for everybody, right? If you have not been in the Smoky during the fall, it’s great.
Nashville’s probably the only city that has gosh, 30, 40 cranes downtown. So you can just look if you just had a picture of three cities, you be able to identify Nashville from those three because it’s got a ton of cranes. Nashville’s just exponential growth. I think all the national builders are now officially here. They set up shop in the building. That mean, you’ve got these ginormous developments that are being announced every single year. They just announced one. It was like a $2 billion development over in the Bordeaux area, which is your first development where you’re going to have heavy commercial skyscrapers that are kind of outside the downtown core. If you look at Nashville, you get the Cumberland River that kind of rolls through it, and that’s sort of your barrier to all these heavy, deep skyline commercial buildings. Well, now, it’s starting to get outside of that and it’s across the river now. So it’s very interesting, and you’re going to start to see that area really kind of explode. So Nashville’s just a hot, hot, hot housing market.
Brandon Cobb & I Discuss Investing in Nashville Tennessee Real Estate:
- Nashville Tennessee Real Estate Market
- Developing Residential Real Estate
- Lessons Learned from Losing $40,000
- Getting Past a Bad Deal
Relevant Episodes: (There are 207 Content Packed Interviews in Total)
Dan Breslin: Welcome to the REI Diamond Show. I’m your host Dan Breslin and this is episode 199 on the iCandy Realty fix and flip model with Steve Budzik. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers, inviting them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, and methods, used to create millions of dollars more in the business of real estate.
Steve Budzik is the managing broker and founder of iCandy Realty. A boutique real estate brokerage in Mokena, Illinois, serving the greater Chicago real estate market. Steve is also an accomplished high-volume fix and flip investor. Long-time listeners will remember Steve’s past REI Diamonds episode where we discussed his high-dollar house flipping strategy. Since then, Steve has developed the fix and list program to help his brokerage sell houses faster and at a higher price. The experience and contacts he developed flipping houses along the way have dovetailed neatly into this new program. Steve has built both his brokerage and real estate investing business with a priority on high-level service to the marketplace over high-volume advertising. Our conversation begins with Steve’s evolution into the fix and flip business model, his views on how to mitigate risk both as an investor and as a real estate agent, as well as a few reasons he believes every real estate agent should offer a program like this. Let’s begin. All right, cool. Welcome back, Steve. How are you doing today?
Steve Budzik: Good, good. Thanks for having me on the show, Dan.
Dan: Yeah. Absolutely. I guess it’s been maybe what? 2017 or something like that? Maybe in 2016? One of the early guests of the REI Diamond Show is returning.
Steve: Yeah. Absolutely, man. I love it. I love it.
Episode Sponsored by the Deal Machine:
Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing. Free Access at http://REIDealMachine.com/
Resources mentioned in this episode:
Steve & I Discuss the Fix & List Real Estate Brokerage Model:
Generating Faster Sales & Higher Prices (& Higher Commission!)
How to Generate 80% of Business from REFERRALS
Landlords Using the Fix & List Program
Listing a Property Per Week with NO Ad Spend
Relevant Episodes: (There are 199 Content Packed Interviews in Total)
- Steve Budzik on High Volume & High Dollar House Flipping & Boutique Brokerage
- Aaron Lockhart on Doing Deals with Diamond Equity
- Steve Werner on Where Have All the $50,000 Fix & Flip Deals Gone?
- How to Find Off Market Real Estate Deals with Zack Boothe