“Investor with Integrity”

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I'm Kevin Harrington creator of the as-seen-on-tv industry and one of the original sharks on ABC's hit TV show Shark Tank. I've worked with hundreds of businesses and launched thousands of products over the years working in every conceivable niche in the entrepreneurial world. What you may not know is that I'm also a real estate investor and one of the keys to success in real estate is putting the right team of professionals around you. Today I have the opportunity to sit down and talk with one of the top real estate pros in the country. We'll talk about what has separated them from their competition and launched them to the highest level of success. Check it out. Hi I'm Kevin Harrington original shark from Shark Tank and I'm here with Billy Alvaro real estate investor from New York. Understand Billy you're one of the top investors up in the New York area if you live in Long Island and I just I've got to ask you here how did you get started. That's right yeah good question so I've always been out serving people. After high school I joined the United States Air Force came out with an honorable discharge and from there became a police officer so it was always my calling to try to help people but the police officer thing just wasn't for me and I still wanted to serve and accidentally I got involved with real estate and since 99 you know I've been helping people all over Long Island to Manhattan Queens Brooklyn in the Bronx. Yes my father was was in the Air Force by the way in the forties in World War Two so thank you for service to to all of us here. But you know so as you've transitioned from other activities from the Air Force to police now as an investor you're known as sort of a really kind of a very educated investor but you also a caring investor so what does that mean that you you look out for the people that when you buy the property from them or how does that work. That's a good question so we serve with the highest level of integrity and when we're going to buy somebody's house you know we look to see how will their to put them in the best position so it's not always about trying to get it for the best price it's about doing the best for the person who's selling the property. Okay well you know because that's important because if you're gonna get the deal or be able to get their trust they need to understand that you're also looking out for them right. Absolutely that's part of the process. It's part of the process yeah. Most definitely you know when we go in we look to see what the situation is how we could help them get out of the situation. Some people sometimes the situation isn't that bad they just need to move for whatever the reason is right other times they're really in a hard situation yeah and we come in and we just deal with the highest level of integrity. Right so where is this all going for you as an investor you know is there a transition in the market or what's happening right now with the real estate market from two sides number one investors and number two homeowners or building owners right okay. So a good question so the homeowners side the equity has seen the increase over the last couple years is you know back in 07 08 when the market crashed everybody lost everybody was upside down so now that they have a little bit of equity it's easier for them to sell their property but there's still instances where they can't sell it through a traditional realtor they need to sell it through an investor like myself who buys for cash because they might have a situation where they need to sell fast they need to sell with stuff in the house maybe the house doesn't have a CO or it has an extension so in that aspect we're able to buy them quick for cash. But on the flip side with investors I'm seeing the market right now where they're looking for cash flow properties so a lot of the investors we're dealing with they don't want to go out and flip and turn some of them do you haven't a lot of him right now we're looking for cash flow so they're buying these properties they're packing them in they're buying their 401k their IRA and they're getting cash flow for long term. Right so I think you know as an investor you're kind of in a very pivotal point because it's whoever has the money really has a lot of the options right so that's a good thing it's a good place to be. It's a good place right. So tell me is there anything new on the horizon exciting a big new thing that you're up to. Well I mean listen the market's shifting constantly the big thing that we're going into is the Hamptons so in that market we're not going into the super high-end of the Hamptons I'm starting to get into the middle tier market the one to five million dollar range that's a pretty stable market it is nice right. Yeah the Hamptons you know the money's out there. But we're hitting all over New York we're hitting Suffolk County Nassau County Brooklyn the Bronx and Queens we're trying to stay away from Manhattan because as you know it's just like it's untouchable right. Right so I mean I think this is very cool so from the Air Force to police officer to a real estate investor you know Billy you're known as the investor with integrity that's a great thing to have and it's fantastic having you here today thanks for being here. Thanks Kevin. Thank you for listening.