South Florida’s Top Business Podcast

From autos to WikiRealty®, Fried On Business guests cover the bases of business

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Every so often, we at Fried On Business have one of those shows that defies definition. There is no theme, per se, but our excellent guests make the show memorable.

Our most recent episode was one of those programs. Our guests covered selling cars, real estate technology, and everything in between.

Here is but a sample.

Warren Henry in Key West

Our friend Larry Zinn, General Manager of Warren Henry Automotive Group, revealed that the dealership has acquired the Toyota, Ford, Dodge, Chrysler, Jeep and Ram franchises in key west.

Now Warren Henry can accommodate a range of buyers who want cars priced in the teens all the way up into the hundreds of thousands of dollars at the Lamborghini store in Fort Lauderdale.

“It’s pretty great being able to have all these options, all these different nameplates. The ones we’ve just acquired have some tremendous product. Realistically, five of the 10 best-selling vehicles in the United States are made up of those brands,” Zinn said.

One anecdote: The Zinn family’s association with Toyota goes all the way back to Larry’s grandfather, who signed on with the carmaker in the 1960s. This was a time when Japanese autos had, shall we say, a less than stellar reputation.

How times have changed.

Zinn said he’s excited about a few new models coming out, including the new Toyota Camry and the stunning Range Rover Velar.

We spent more than a few minutes talking about the Velar, and you can listen to the entire segment by clicking here.

Time for Office to Shine?

We also had a chance to talk office and industrial real estate with Josh Procacci, Founder and Chief Investment Officer of IP Capital Partners (IPCP) in Boca Raton.

The company buys mainly value-add office and industrial throughout Florida through their own discretionary, closed-end funds. Currently they are deploying Fund 2, which is a $60 million fund. Employing modest leverage, Procacci estimates $550 million to $600 million in buying power.

“We’re net buyers. We’re looking for opportunities. Frankly, over past 3.5 years we’ve been very active,” he said.

With the value-add opportunities fairly well picked-over in the South Florida area, I had to ask Procacci about his favorite market at this time.

In the last six to nine months, he said, there’s been a disconnect between buyers and sellers. The noise in the urban market has allowed some price discovery and reduced competition for good product. Falling prices have allowed IPCP to achieve their return expectations, buying assets like 110 Tower in downtown Fort Lauderdale.

On the suburban side, the company seeks properties similar to Class B, 80’s-vintage, atrium-style buildings with good access to roads.

We talked in great detail about IPCP’s investment philosophy, so click here to listen to the entire interview.

Prepping for Hurricane Season

Next up, Dave McCaffrey, Vice President of Business Development for Biscayne Roofing in Davie, said wise property owners should be contacting a roofing professional to do a semi-annual inspection before the start of hurricane season.

That process, he said, should include clearing drains and gutters, clearing debris from the roof surface, and cutting back overhanging tree limbs.

By the way, that goes for commercial property, too. Not just residential, he said.

Now, let’s hope this hurricane season passes uneventfully. But in the event that it doesn’t, McCaffrey revealed that subscribers to Biscayne Roofing’s Preventive Maintenance Program become priority customers in the wake of a storm.

In fact, drawing on his experience in 1992 when Hurricane Andrew paid South Florida a visit, McCaffrey said Biscayne Roofing maintains a satellite telephone so that communication with clients is unhampered.

The season is upon us. Click here to get the scoop on hurricane preparation from Dave McCaffrey of Biscayne Roofing.

New Technology on WikiRealty

Last, but certainly not least, WikiRealty® Founder Sanjay Kuttemperoor gave us a heads-up on exciting developments at the real estate technology company.

For instance, anyone can get listing data from anywhere, he said, but WikiRealty® takes things a step farther by providing lifestyle information.

“We help Realtors and other real estate professionals get discovered online by the buyers,” Kuttemperoor said.

Especially Millennials, who usually begin their real estate search online.

“We help Realtors build their brand around their specific areas of expertise, in the neighborhoods where they practice, and around the lifestyle topics that they are an expert in,” Kuttemperoor said.

In other words, it’s all about the information. I used to tell people I’m in the “information arbitrage” business, but now information is available at your fingertips. Now it’s about quality over quantity.

Mark Demarest, head of business development for WikiRealty®, agrees.

“Today’s homebuyer cares much more about where they live and the lifestyle than the pictures, price and data points. That’s for sure,” he said.

We talked about a lot more from WikiRealty®, including a 360-degree virtual reality feature that Realtors can produce simply by using their smartphones.

Click here to listen to the entire conversation.

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Jim Fried 6 views March 21, 2024 4:33 am

Fried On Business: UF Real Estate Update
Episode 758 | 03.06.24 

UF Real Estate Update

Jim attended the Annual UF Trends and Strategies Conference last week

He will tell you what he learned at the conference and he will speak with one of the Program's students:

Emme Benoit about why she choose the UF MSRE program and what she is learning.

*************************************

About Our Guests:

Emme Gisele-Louise Benoit 

Emme graduated from the University of Tennessee with a degree in Supply Chain Management, but deep down, always knew real estate was the path she was meant to take. So, she followed her heart and pursued that passion. Now, she is a Master of Science in Real Estate (MSRE) student at the University of Florida, a journey that was largely inspired by her father's successful career as a commercial real estate developer.
 Emme’s fascination with real estate isn't just about the industry itself; it's about the impact it has on communities and landscapes. She loves seeing how built spaces come to life, transforming areas and changing the skyline. It's about bringing a vision to reality and witnessing the profound changes that follow. This passion drives her every day and fuels her dedication to the field.
      Currently, she serve as the Co-President of the UF Women's Real Estate Society and as an MSRE ambassador. These roles have given her the incredible opportunity to lead, inspire, and connect with like-minded individuals who are as passionate about real estate as she is. Through these positions, she aims to empower women in the industry, foster a supportive community, and advocate for sustainable and innovative practices in real estate. 
      Emme’s journey in real estate is a testament to following one's passion and making a tangible impact on the world. She is committed to learning, growing, and contributing to the industry in meaningful ways, and she is excited to see where this path will take her.

Fried On Business: UF Real Estate Update
Episode 758 | 03.06.24

UF Real Estate Update

Jim attended the Annual UF Trends and Strategies Conference last week

He will tell you what he learned at the conference and he will speak with one of the Program's students:

Emme Benoit about why she choose the UF MSRE program and what she is learning.

*************************************

About Our Guests:

Emme Gisele-Louise Benoit

Emme graduated from the University of Tennessee with a degree in Supply Chain Management, but deep down, always knew real estate was the path she was meant to take. So, she followed her heart and pursued that passion. Now, she is a Master of Science in Real Estate (MSRE) student at the University of Florida, a journey that was largely inspired by her father's successful career as a commercial real estate developer.
Emme’s fascination with real estate isn't just about the industry itself; it's about the impact it has on communities and landscapes. She loves seeing how built spaces come to life, transforming areas and changing the skyline. It's about bringing a vision to reality and witnessing the profound changes that follow. This passion drives her every day and fuels her dedication to the field.
      Currently, she serve as the Co-President of the UF Women's Real Estate Society and as an MSRE ambassador. These roles have given her the incredible opportunity to lead, inspire, and connect with like-minded individuals who are as passionate about real estate as she is. Through these positions, she aims to empower women in the industry, foster a supportive community, and advocate for sustainable and innovative practices in real estate. 
      Emme’s journey in real estate is a testament to following one's passion and making a tangible impact on the world. She is committed to learning, growing, and contributing to the industry in meaningful ways, and she is excited to see where this path will take her.

1

YouTube Video VVU4aS1uUXJ0T1VrQmVOeGNhODFzaHV3Lm9STlVPb0NZWkM4

Fried On Business: UF Real Estate Update

Jim Fried 8 views March 6, 2024 5:45 pm

Fried On Business: Creative Home Finance with HELOCS and MORE 
Episode 755 | 02.14.24 

Jim and Ed are On Fire!!

HELOCS
REVERSE MORTGAGE LOANS
HOME REHAB LOANS


I have been getting lots of calls from folks looking to:
 • pay off high interest rate credit card bills,
 • remodel your homestead or investment property,
 • find money for unexpected expenses or
 • to just have an emergency cash cushion

Ed and I discuss HELOCS, REVERSE MORTGAGE LOANS and why now may be the time to take out REHAB LOAN on your homestead or investment property to upgrade it.

FLORIDA ONLY!

WE ARE EXPERTS

WE ARE HERE TO HELP

Listen today to learn more about how we are helping others solve their cash problems in days!

Call me for help with your real estate investment real estate and real estate financing problems

hard money loans
HELOCS
reverse mortgage loans
digital assets
bridge loans
preferred equity
construction loans
C-Pace and more

Let me bring my special ️️️energy to you and your team.

My personal brand is that I feel great whenever I help other people achieve their goals

I do that by bringing my team and personal experience to help solve your problems.

I can bring you peace of mind

When you call me, it’s always all about you 

*************************************

About Our Guest:

With all the attention dedicated to the residential real estate market, we all understand that no transaction can occur without financing. Ed Cairo (President, American Home Finance Group) helps people close easily and with great positive energy.

Realtor License since 1983. 
Mortgage Broker/Owner since 2000.

"We have a fully automated mortgage brokerage company that will get your deals closed on time. We are always available. With my 20 years lending experience, I work with my clients to structure a loan that makes sense for them."

American Home Finance Group NMLS 336310
Ed Cairo NMLS 322440

Fried On Business: Creative Home Finance with HELOCS and MORE
Episode 755 | 02.14.24

Jim and Ed are On Fire!!

HELOCS
REVERSE MORTGAGE LOANS
HOME REHAB LOANS


I have been getting lots of calls from folks looking to:
• pay off high interest rate credit card bills,
• remodel your homestead or investment property,
• find money for unexpected expenses or
• to just have an emergency cash cushion

Ed and I discuss HELOCS, REVERSE MORTGAGE LOANS and why now may be the time to take out REHAB LOAN on your homestead or investment property to upgrade it.

FLORIDA ONLY!

WE ARE EXPERTS

WE ARE HERE TO HELP

Listen today to learn more about how we are helping others solve their cash problems in days!

Call me for help with your real estate investment real estate and real estate financing problems

hard money loans
HELOCS
reverse mortgage loans
digital assets
bridge loans
preferred equity
construction loans
C-Pace and more

Let me bring my special ️️️energy to you and your team.

My personal brand is that I feel great whenever I help other people achieve their goals

I do that by bringing my team and personal experience to help solve your problems.

I can bring you peace of mind

When you call me, it’s always all about you 

*************************************

About Our Guest:

With all the attention dedicated to the residential real estate market, we all understand that no transaction can occur without financing. Ed Cairo (President, American Home Finance Group) helps people close easily and with great positive energy.

Realtor License since 1983. 
Mortgage Broker/Owner since 2000.

"We have a fully automated mortgage brokerage company that will get your deals closed on time. We are always available. With my 20 years lending experience, I work with my clients to structure a loan that makes sense for them."

American Home Finance Group NMLS 336310
Ed Cairo NMLS 322440

0

YouTube Video VVU4aS1uUXJ0T1VrQmVOeGNhODFzaHV3LlkwUTNyVUpzcEhz

Fried On Business: Creative Home Finance with HELOCS and MORE

Jim Fried 17 views February 15, 2024 5:25 am