Everyone just wait for more people to come in
I think we should get started so we did first we have Jeff to host but he is not here right now so I will host for part of him and then we have a bubble and nest here also with us would you guys like to say hi when you guys
for the people that don't know. Hey, how's everyone doing? My name is Jesus. I am one of the members of Contributor and a member of Bubble. Here Bubble were the versity inclusion
we incorporate in real life events and hold educational services to get everybody more inclusive into the Web 3 space as well as pretty much get to know each other and interact in real life.
just be for introduction. I know we have, I believe we have Nestow on here as well. Do you want to give a quick description of what you do? Yeah, things he says, hey guys, mayn't we see I'm part of Nestow. So Nestow, we're really just starting
up but we're really trying to democratize real estate in terms of ownership and honestly just information as well because traditionally real estate investing has been such a niche and high end market that not everyone could
can get into. So with Nestle, what we're really trying to do is we're trying to fractionize that ownership through the use of Web3. Nice, nice. So just a quick start off.
So what in, when New York, what are the best areas to invest in? Is it the city, Queens, on Island, or is there something better outside of New York, which is a great investment to go towards to?
And if anyone else would like to join, just let me know open panel. Yeah, I would love to hear some of your thoughts on this, but I personally have been investing in real estate for quite a while now. I'm a licensed filter
for I've been a licensed realtor for 12 years now and just looking at New York City in general I myself am more of a value investor meaning I look for places that aren't quite as quote unquote
But that have a lot of potential to be built up in the future. So one of my like earliest New York investments was actually in the Murray Hill Kips Bay area because for me it's all about location.
And I'm like, hey, that place is close to a lot of subway lines. It's close to-- it's really, really close to Grand Central Station, yet it felt a little bit undervalued, in my opinion, because it wasn't hyped up like Grammar C or Tribeca.
And now I'm actually starting to see some of that investment payoff. But to your other question in terms of outside of New York, yeah, there's always places to invest outside of New York and that actually
is a key factor when you're trying to make decision of should I buy a New York or should I buy elsewhere because end of the day you have to look at where you want to deploy that capital for the most return on investments. The thing about New York City is that
H.O.A. fees are extremely high and you have to remember that when you're investing in New York. So unless you have a very good reason on why you want to buy New York, so maybe, "Hey, I live here, so I want to buy here." Or maybe it's, "Oh, hey, like, you know, I'm
families here so they can go check out my property and keep an eye on it unless you have very specific reasons on buying a New York. There are some better investment options elsewhere in the US as well. Awesome. I think
I definitely agree, thanks Lucy for that explanation. I personally don't have much investment in New York or a property investment. However, my father was a big real estate investor. He definitely went to
as you said, not as glamorous neighborhoods or more underdeveloped neighborhoods, and as they continue to go and rise with gentrification or with just the times in general, you know, the value kept on increasing and increasing. You know, I'm a native of a Brooklyn
native myself. So I grew up one of my parents bought a house there in 1994. It wasn't a long time ago, but I think they paid about $140,000.
That passed two years ago. We actually had to sell the house and you know it rolls to over a billion dollars in capital. It rolls to over a million dollars of value. So just to show you how such a quick turnaround the actual value of property increases in New York.
I personally think it's kind of crazy. And just to not necessarily, and just to not, I guess, disagree with you, I do think that there is a lot of opportunity in New York. But as you said, there is a lot more opportunity out of sight in New York because of the lack of
I guess high price of value and property out of the out of the New York area, which I think that
There's more opportunity for upside. I do think that having a property or having real estate is one of the best forms of investment as it's always appreciating value. With the economy, the way it's going
I think that holding an asset is just a real estate property. I feel that tends to be one of the best investments we could do. So yeah, I think this adds to your question. Did you just follow up on that? I think what you touched upon, which was your family
place here, your father got in here early. I think that's probably one of the key aspects of investing in real estate to your advantage. It's, hey, where are your advantages? Do you have family there?
Are you familiar with area? Do like, have you spent enough time in that city or that location so that you can make those educated choices on, hey, I think this area is undervalued and I think there's a lot of potential for it going up.
So if anyone wants to chime in on that, just let me know if you want to chime in. So we'll put you as a speaker. If anyone is willing to speak up on questions or feel free to interrupt, just let me know.
Just a question for the panel. Oh, I see Jeff is here. Hi Jeff. I don't know. You want to chime in? I think a street this also has like a catch up for next all the work. Loads me out just like all the tasks.
like an update. So Lucy, you know, we have an article that's like pending, Daniel had written article, what was that article about? You guys and then we'll talk about like how we can put your yes forward long term.
Yeah, absolutely. Great point, Jeff. So I'm more than happy to talk about Nest and Nets, Nets, long-term goals. So what we're really trying
trying to do in the long term is to make real estate investing accessible for everyone through the blockchain through Web 3.
And then in the shorter term, so we're really just trying to do that incrementally. So in the shorter term, we do have a private fund that we're looking to raise and deploy. And in this case, we're most likely looking across
the US for underrepresented markets and from there eventually what we want to do with Nest Dow is have the Dow
decide on which markets and locations to buy and have the Dow be a greater part of the voting and control of these decisions.
Yeah, I think that as I contribute to our next style, I think that we can kind of decide together and try to see what the best markets are. I know I've done a little research myself and some of the hot markets in the United States. It's very fluctuating at the moment.
to do with people moving are a lot of fluctuation in the market and the economy, but I think it does affect the actual housing market as well. So for your, I guess in your expertise, do you see that what are the hot markets now that you think that
We may have a chance at investing into it. We'll see. So honestly, I guess like the hot markets aren't always going to be the ones that are that have the most potential, right? The markets that you should be looking for are the markets that are
are not hot yet that are kind of flying under the radar prices are extremely, extremely good. So for example, you know, think of like how much Austin has boomed in the past 10 years. So 10 years ago and
2012 Austin was a very sleepy college town. No one really knew about it. It was really, really under the radar. So that was actually the best time to buy in Austin because once a market becomes quote, unquote, hot, everyone knows about it. Real estate, you know, pumps immediately.
But then you're not like asking an investor that's kind of when you should start back in your way and looking at other markets because you're not actually going to get the best deals. You're almost like chasing instead of, you know, getting the max value.
Yeah, that's a good point. I definitely, you know, is it worth taking a gamble sometimes in trying to, I guess, explore in a market where you think that
Of course you do research, you do comps and try to understand what's going on in that market, but do you think it's worth taking a risk or is it mandatory to take a risk to try to see if there's any upside at any of these markets?
I think honestly real estate is probably one of the less risky investments that you'll make unless you buy at the top of a very hot market which we have seen people
people do like Austin was hot, you know, like five, six months ago, and there were people who bought at the very top. And in that case, like any stock or anything, when you buy the top, you're kind of bound to lose money.
Of course, because it's really stay as long as you're okay holding on to that asset for a long enough period of time, you'll eventually make your money back. It's, I guess in that aspect, it's way less risky
even stocks because with stocks, you can keep holding on to something but there's a chance that that stock can actually drop to zero and value because the company goes bankrupt. With real estate, the land is always going to appreciate.
Typically, what you're buying when you buy real estate is the land. Like the building itself actually depreciates and value over time, but that land is forever.
So hopefully that answers your question. It's general, it definitely does. And I think I have, I'm sorry if I'm guarding this a little bit, but I do have one more question and really it's really just to like the fractionalization aspect of a real sale you were talking about earlier.
Just out of curiosity, I mean, what is the benefit from fractalizing real estate or what can I get what can I benefit as being a partial owner of, let's say, a property here, the property that is listing, we have it in the marketplace.
Yeah, so I'm sure some of you guys maybe have thought about earning passive income in the past and it's a good deal. Like you just sit there and you get money. Who doesn't want that but the problem is the high cost of
entry. So for example, if I wanted to buy a single family home to rent out and clean my capital that I would have to deploy would probably be like 200k.
for a million dollar place. And you know, that's literally I'm putting all of my eggs on one basket. I'm putting 200 K in one location. So the great thing about fractionalizing is that you can kind of share that risk with
just everyone else, other people that are part of, in this case, like a fund or a Dow. And that way you get that upside, you can still maintain a fractionalized amount of that passive income without needing to put down
$200,000 of your own money into that one area and maybe like even if I did have $200,000 to just throw around maybe I could just throw you know a Little bit of it here a little bit of it in a different market and so on and
That's awesome. That's awesome. I think that it's a very different and cool way to kind of invest your money and try to spread it out amongst different areas. And I guess that you use the term don't put your Exo on one basket as they say. That's awesome. Is there any like,
limit to how much a person can buy or how much a person can invest in or are you looking to I guess sorry if I went backtrack a little bit so when you're getting to the point of fractionalizing is there a limit to how much somebody could buy or you haven't got into that aspect yet. When we're fractionalizing no there's
really no limit on how much someone can buy. I mean, I guess it goes up to the amount that we're looking for. So like, let's say a house is worth a million dollars and we're trying to, you know, get $200,000 so that we can leverage and buy the
house for a million. In that case, yeah, like don't put in more than $200,000 because, you know, that's all you need. But other than that, there's really no limit. And if you had an excess, you can definitely put that money in other homes and invest that way. I'm actually very keen
curious on some of the listeners if you guys want to speak up and kind of talk about your own experiences with real estate. Um, if anyone wants to volunteer, yeah, you can feel free. Just put a hand up and then I could let you guys speak.
I guess no takers. No takers today Lucy. No takers today. But is anyone any of the listeners? Do you guys have any questions in mind? Are you guys curious about anything? Because like the fact that you're listening
means you're definitely interested in real estate and see the potential in investing in real estate.
Okay, I guess no question so for loose no I think along those lines though What is that like educational approach and educating you know young generation why three people Yeah, I mean that's part of the reason why
we created NestL and it's at such an early stage right now because even though we don't quite have all of the regulations and regulatory items for NestDone yet, at least, you know, like right now we can start building up a community, we can
start educating people who are interested in real estate. So this tutorspace for example is a great way to educate and as we move forward with this project, we'll start hosting educational events. We are ready to have a series of
educational articles on Mirror. And so we hope to continue creating more content, not just through articles, but and not just through events, but through videos and through even short format things like TikToks.
Yeah, that is great. That is great. It's TikTok is such a great idea to promote just because there's so many people out there Especially um, I just have to get that guy's name Caleb Swanson. He does a lot of real estate. He goes around
the city asking people how much they pay for rent and then do house tours. I feel like that's such a great way to promote you guys. Yeah, exactly. And I think even the people who are
like looking to move to New York City. I think that would be a good thing for them because they can immediately know, hey, if I'm moved to New York City now, this is what I'm probably gonna end up living in if I pay $2,000 a month. - Yeah, exactly. Like it just gives them a little jitter.
I feel like maybe he should start doing things outside of New York. He does have videos outside but maybe some things in Queens and Long Island just so people have a gist of how much the pricing is compared to the city. Obviously the city is going to be way more compared to Queens or some more in Long Island or even upstate.
It's just so many different boundaries of where he can go with it. I feel like with you guys, there's so many things that you can do outside of New York. It'll be good. It'll be good. Yeah, absolutely. Not just speaking of like Queens and there's so many cool little neighborhoods in Queens, so many great neighborhoods.
like outside and you know in the Bronx and Brooklyn that people who are just moving to New York City for the first time might not be aware of. And so I think by creating short form videos, we're really expanding their options and kind of getting
them to see all the cool things that New York has to offer. Yeah, because there's a lot of high real estate and like many big houses out in Long Island that people don't know about even in Brooklyn because they can have the same exact prices in New York City but they won't even know because New York City is the one that's promoted the most.
Yeah, exactly. Yeah. So another question is, is it worth investing into small neighborhoods? Like, is it worth the adaptation and trying to building up how
houses and small neighborhoods to try and see if those can become more expensive and if the real estate goes up. That's just a question towards you. I guess Lucy or anyone who's willing to answer.
Yeah, there's so if you're doing some type of small commercial real estate, I guess development or deal that's
That's actually the best way to do it. It's a few C and underdeveloped commercial property. And you're like, oh, wow, hey, that building right there, I could probably add on two more stories through it.
and increase my value by XML. So that's always the possibility, but again, doing that, you just have to do your research because there's all sorts of rights in your
city in terms of air rights. So you really just have to dig into what the city permits. Gotcha, gotcha. Alright, yeah, it's good to know for anyone trying to invest in honor developer
So please get them to search it up, maybe give Nest out DM if you're searching or trying to invest in it. They're more than happy to help. So what are the biggest challenges in today's market? Not just the city but as a whole.
As a whole, I mean, I'm sure everyone knows right now that there's a recession impending or it might already be here.
Because of that real estate homes are not doing that well actually. And then I'm sure everyone knows about the whole mortgage rates interest rates.
But because of that, it could be a good chance for some people to grab real estate properties on the cheap, especially if they have just capital laying around. So if ant cash,
So if you don't need to take a mortgage and you have enough that if you have enough cash to just put down on a home, um, yeah, do it because right now you'll probably get some of the best deals.
So if you had any suggestions to give people into real estate, what would it be? What would be your number one tip to give to people? My number one tip would probably
be know what you want in terms of a holding period and in terms of a return before you invest because everyone has kind of, you know, they have different expectations. So for example, some people
maybe they want to flip that home really, really quickly and they want to flip it in six months. So they're like, "Hey, my holding period for this home is six months and if that's the case, then they'll probably go with the whole renovating route and
you know, see and try to find homes that need renovations and just flip it. But then some other people maybe they're like, "Hey, I want to try to get as much money as I can within a year or two." If that's the case, maybe they want to look at short-term rentals and you know, renting out and
on Airbnb and if that's the case then they'll start buying homes probably in markets that allow for Airbnb and things like that. So where you buy should really start with what you're looking for in terms of holding period and returns.
Just to add on to that in a few of mine. So my sister's actually, she actually purchased a home I think three years ago and a Polk knows and she reads it as an Airbnb and up until this year honestly she's been really well and it's just to ask you to play a little bit
that was advocate. So she realized that there was one incident where somebody left one battery view. So she had two years of renting out and I guess it went really well with the Airbnb and then one battery view caused it was a lot of business. So it took her from a superhold status from Airbnb.
My question to you is, you know, that's single instance or, you know, how do you comment that or how do you, I guess, prepare for an event such as that or an instance where you're going to get one by review and it's going to tank your whole business stream. Or can you even prepare for that?
That's a really tough situation because it's one of those things where the best preparation is prevention. Just being proactive in doing whatever you can so that your customer is satisfied.
because when you are doing these short-term Airbnb, you have to consider the customer service side of things as well. So for example, I was actually staying upstate two weeks ago and one of my friends
and like the cabin that I rented for the first night, they heat one out. And so it was freezing, you know, contacted them and they were like, "Hey, sorry, you know, we're doing everything we can to
but we can't get a plumber out until tomorrow morning. But what they said was, hey, I know this, you know, having a night of no heat sucks. How about I refund you for a night? So right there, like, I would like,
had they not said, "Hey, I'm going to refund you. I probably would have not been that happy by renting out a home without heat for a night," but they did everything they could to immediately fix that situation. And so I was really grateful of that.
So if anyone has any more questions for the panel, please feel free to message us in the next minute or so. I'll give it maybe another minute.
And if not, we can end it there. But please feel free if you guys have any questions. I'll just keep it on for another 30 seconds if anyone wants to ask anything for our panel.
Yeah, I mean, I'd love to hear some of everyone's thoughts on just real estate investing in general, why they're interested, and if some people already invest, then how long they've been investing?
I'll say that I have a shy bunch today guys.
I think so too, I think so too.
So I guess if, oh, one of those.
If no one has any questions, I guess we could just end it here. So thank you, Lucy for joining and giving everyone grateful insight about real estate.
and thank you, Asus, for giving us backgrounds and questions. It was greatly appreciated. Thank you, everyone. - Thanks, guys. - Thank you. - Thank you for listening. - Thank you. - Thanks for listening. - Thank you.