Wholesaling Real Estate in Jamaica | TFV (The Friday Vlog)
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www.MaxandNas.com Jamaica is full of opportunity in the real estate market and back in December me, my brother and Dave traveled to Kingston where we scouted some properties. The interesting thing about building in Jamaica is the ability to "buy block". You can build your home one concrete block at a time if that's what you want to do.
In this video I provide context to the unreleased vlog footage from our trip via director's commentary which the team has dubbed #MaxReacts.
If you want to see me reacting to more videos in this style let me know!
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Dope! my family owns lots of property in Jamaica. hoping to start building on my moms land soon!
Hey, that's sounds like a good plan. God bless!
Hello I am 19 and soon to start wholesaling, can someone PLEASE look at this and tell me what is wrong with this/ how this is not the true reality... it seems WAY to good to be true, it is literally insane but should be very reasonable I would think. So yes please anyone if you have any educated feedback id very much so appreciate it.
Wholesaling Profit Calculations Based Off Cap Rate
Ex: 1:
I Buy/put under contract a $1m property to wholesale
I Buy:
-@10% Cap Rate =$100k NOI
I Sell To Buyer Of The Contract:
-@9% Cap Rate =$1.111m Property (11% more ie $111k profit)
-@8% Cap Rate =$1.255m Property (25% more ie $255k profit)
-@7% Cap Rate =$1.433m Property (43% more ie $433k profit)
Ex 2:
I Buy/put under contract a $1m property
I Buy:
-@8% Cap Rate =$80k NOI
I Sell To Buyer Of The Contract:
-@7% Cap Rate =$1.145m Property (14% more ie $145k profit)
-@6% Cap Rate =$1.333m Property (33% more ie $333k profit)
Obviously this should be very possible and reliable because it is simply putting a property under contract at a certain cap rate and selling it to a investor that will accept at least 1 percent less Cap Rate which is guaranteed. So I can simply get buyers that will accept the lowest cap rate possible, say 6-7% is decently reasonable, and I can find deals above 6-7 cap rate then simply raise the house price to whatever the buyers acceptable Cap Rate is and keep the the difference as seen above. Best part to is profit does not even go down depending on if you have a high cap rate deal or a low cap rate deal, a profit margin of 1% lower cap rate to the buyer is 11%-14% of the PP as NET before tax profit, which is absurd. Only problem I could really see is that you cant just put the house price to whatever you want, however you can put it to whatever amount people are willing to pay, and people are willing to pay for 6-7 caps all the time and the math is basic undeniable math, so I really cant see what i'm missing.
I'm into real estate. Our family company operates in Nigeria, where we're from. The scenes I'm seeing reminds me of home.
The land characteristics are quite good, ocean views, sunset, elevation. However the abandoned/unfinished structures nearby indicates buyers are not rapidly moving that location. So you're investment may stay on the market for quite some time.
I strongly recommend getting an 'offtaker' or 'offplan buyer', before starting the project. Good luck.
Jamrock love it love it!!!!! Land of my home. Thanks for sharing with us. I can't wait until all this is over and we can travel again.
Makes me wanna cry. Can't wait to go back
I didn't know you were Jamaican!! Big up Yaadie 🇯🇲
Biggs! Yah gone to far man 🇭🇹🇯🇲🇭🇹🇯🇲 thanks for the inspiration bro 🙏🏽✊🏿💪🏿
😄😄😄 Top Shottas are back !
Big up yawdie. I didn't know wholesaling was doable in JA. Land is getting expensive in Montego Bay. I'd love to get some property in Mobay or Ochi.
Big up Max!! See you drop some Patwah pon dem! Hellshire have the BEST garlic fried lobster and festival Nice bad. Big moves on the water. Jamaica Real Estate Sales move slow from my experience. Not sure if it was the wrong closing attorney or title work just takes months. I would love to see your work around. Keep doing big things Max
Hey Max, the first time I went to Jamaica that is the beach I went to. The water was so beautiful and warm, never experienced that before. It is a beautiful area.
Hey Max Man so proud of you taking your thing international
You go my Yardie
Shalom Max , Jamaica is Beautiful !! I have yet to go there Thanks a Million for the Tour while handling your Business. Peace. Blessings & Love
The problem with Jamaica is that the market is HIGHLY inefficient. I have family who have land and property down there. Trying buying and selling property out there. It will take you routinely up to 6 months or more to close.
Exactly, took 5 more months after we found a buyer just to close
same here in uk
I have yet to a see a video by you that explains what type of contracts and clauses within the contracts that are needed for an official transaction. If you could do a video detailing what contracts you use to close deals wile also providing a template or an example would be awesome
Good video I just found out that his parents are Jamaican🇯🇲. I am of Jamaican 🇯🇲-Grenadian🇬🇩 heritage with family in Trinidad 🇹🇹 and people's from Guyana 🇬🇾 also.
Jamaica is a beautiful country and Jamaicans are a beautiful people. Would love to move there for good one. Out of many, one people!
Thanks max. You're the Goat 🐐. I started my TH-cam channel because your grind as an entrepreneur motivates me.
Love Jamaica. We agree. Was their last summer. We like it better then Maui. We see a ton of opportunity. I want in on some of this action.
Much respect for this! I'm somewhat familiar with this process because i'm actually helping my mom with her property in Jamaica. Did not even think to apply my wholesaling knowledge there! I may look to expand my reach in the future. Continue making great videos. Love the content, and i'ts always appreciated!
I feel like he's wanting to start a call center there, because that's what I'm in the process of doing.
WHOLE different respect fo u bruh...
Love this! There's so much opportunity. Good luck😀
Brother you are incredible, you are a true visionary, that's got to be your Superpower!
Max! Thank you for this! My husband and I are making moves to invest here in the US AND Jamaica (his home). I've found very little insight into this. Please post more on your business in Jamaica too. Pros and cons. Significant differences. Etc. Bless up!
HI Nikki, I can help you with your process, any information you would like. I can assist. Investing in Jamaica is booming, we have long list of clients who need houses or apartments, more investment, more opportunities for these clients. 8764317161 or email tpalmer@remax-elite.com.jm
Max, this reminds me of myself a couple years ago after my dad retired and wanted to build a new house...lol. Couldn’t wrap my head around why the hell it’s more expensive to build in Jamaica?!
Yes. It’s crazy
Yo.... this is what's up.. I like the fact that you brought the game back home. This is something im interested in doing. My family has land in Jamaica as well. I would love to build an investing arm in Jamaica.. there is to much unseen/untapped potential there. Respect yutey.. 👊🏽
Max is doing a great job, investing in Jamaica is the way to go. I am a realtor with RE/MAX, I can assist you both. 8764317161
@@taptjb .. I will lock u in
You got to be very careful when building a home no matter where you are in the world. The cost gets out of hand very fast when you're not experienced or have honest contractors to lean on.
Let’s go Max! I’m doing wholesale in LA right now. Going to Jamaica to wholesale ! This what I needed to see! Big up!
Great stuff Max. Next time I’ll fly out with you and take you to the north coast... Ochi, Mobay, Negril.... endless opportunities
Yes loving it!!! Looking in montego bay!!
Shalom Max, Blessings !! 🙏🙏💪
What's New and Exciting 😂 !! Your Channel is on 🔥 🔥 Bro Keep Them Coming !! Thanks a Million Max You Truly Inspire Me !!! 💪💯 !!! Thanks a Million !! You & Your Team Stay Safe & Well Much ♥ to You All !! Respectfully Bro !! Shalom Shalom
I have a property in st.Elizabeth jamaica, the thing is that i would love to get in to real estate. i'm just starting from scratch, to where i could get a buyer to buy the property. In order i can get a next property in kingston, to where it's surrounded the public and lease it.
Hey Shalli, please feel free to reach out to me for assistance.
I was waiting on this
Just started the video but I already know its fire.
This is insane and completely next level!!! 🔥🔥🔥🔥🔥 big up Max! Continue prosper my brother 🙏🏁 right near da beach boiii!
Mick sent us here. He's amazing of the opportunity that we have to offer...
So Max is Internationally famous now!😃 Good job my brother. I'm truly happy for you. You are being blessed because you truly pay it forward. We need more people like you. Thanks!
Big Up Portmore, Mandeville and the whole sweet island 🇯🇲🇯🇲🇯🇲. I luv my ppls
Reminds me of Hawaii, we love Jamaica
So authentic lol I’m ready to go home! This is making me miss mobay now
Kay A what part
stanley henderson bouge heights and ironshore
Yo for real! I'm from Glendevon. Last time I drove through Mobay there was so much land and unfinished houses. I wish I had more time to do research and connect with potential sellers. I intend to do some Airbnb projects.
Trev Dakine so true! My goal this year is to turn one of my parents homes they don’t even use into an Airbnb. Literally 6 bedrooms just sitting there
@@KandyceAurelia Six! That's gonna be a money maker💰 When your family ready to sell some of those properties let me know!
wait did i hear that correctly?..did he say people would buy 1 brick/block per week and start to build out there home?
what is the going price for a 6500sq ft home in jamaica for beach front property? Please keep these videos coming.
thats sum bad ass shit, "fuck the US market we goin to jamaica" dope u can really pick how you take on ur goals. real inspirational , mad love b
i stubble on this channel and i live in jamaican lol i started to research real estate because i think the citizens not taking full advantage of real estate here. That's a real nice piece of land btw
Love this video! Good post!
You can just see max mind working
Damn I want to go there
You should check out building rammed earth home out there. It’s more natural just a little more labor intensive but the payout would be huge
Max & the crew shakeUpdaPlace. JamicanMeWannaBuy real estate too mon yeah? 😆
Still haven't been to the wife's old stomping grounds maybe next year we will visit Kingston.
Waa gwan Max!
Any updates of the unit you brought by Hellshire?
Love it max
GOD KEEP BLESSING YOU
Max.. you need fi add and extra 50% fi cost overruns becuase...You going need a guard pon the site...Yuh affi kick back a likkle ting to you know who...and boat affi run everyday pon di site...LOL
New wave. Tropical Investing
Is $150 per sq ft generally a good price to build in USA? Thanks!
Depends on location. My city is $250 a foot right now. San Francisco Bay area gets near $400 a foot. 20 years ago my parents built for $135 a foot. That was with a $20k worth of granite.
Hahaha luv math calculations max😆
Would everyone agree that its about 100 decent leads per 1 whole sell contract? I'm 90% sure i seen it in one of his videos that that was the number for conversion rates.
Great video. Informative
Very interesting! i enjoyed this video! I was thinking Montego Bay before I clicked.
How you mean Lando!😃
I like the global networking!
You could build using box and cast instead of block and steel. That will cut down on your cost.
Motivation!!!!!
yuh still have the jamaica accent bro siiiiik.
This is great man, thanks. When you say you used the same methods as in the US of finding the owner to make a direct offer, does this mean they have a similar online tax parcel map system?
Did Max just translate for the audience. We in here 🇯🇲 ano board. A concrete strr8 chu
Hey Max, looks like you're going to get a hold of some beautiful beach front property to build on. Keep grinding my brother and God bless!
🔥🔥🔥
Yes I, me gonna get dem good reeeturnns
I was expecting you to drop some lessons on your wholesaling experiences here since it's a bit different and the lawyers are somewhat indifferent to these strategies. Hoping for it one day still. Peace out.
Man that so dope... a video like this is exactly what i wanted... im haitian and im always wondering why there is concrete blocks everywhere why they dont use drywalls.. id love to see more modern buildings in the the Caribbean ... also wish we could do something about the cost of importing materials
Beautiful
6:04 That same concept works in the Dominican Republic ROI is great!!
Any opportunity in uptown?
Nice 👍🏾 I have family there
Your emoji got me weak =P but glad i found this page
Hay I really hope you see this .. I’m from Jamaica and I would really love your guidance on a property
My grandfather has property out there
I miss the old intro music
How can we contact you do you have an email
What is that guys Instagram
First!
He is not buying any property, its a tax right off for the trip.
Honestly respect to the man for doing his thing but for the average people out here educate yourself on HOW TO BE A HUSTLER ON MY CHANNEL NOW
whats the 13 dislikes for? his Jamaican accent? lol
you talk patois wow
you talk patois wow