In this new episode of the First Title Group podcast, we present our listeners with specialized analysis of the luxury real estate sector in Florida, focusing on property closings. In a recent episode, we interviewed Jonathan Remien, a business broker with seven years of experience buying and selling businesses. Remien, who emigrated from Venezuela and founded and sold a successful automotive business before venturing into business brokerage, advises investors to consider service or wholesale distribution companies due to their profit margins. He also underscores the importance of discipline, perseverance, and a solid team for novice real estate agents and emphasizes the need for controlled migration, including investor visas. Finally, both hosts recommend that listeners do their research and seek advice before investing in real estate, without being swayed solely by the news.
Jonathan Remien’s Career
He immigrated to the US from Venezuela in 2010, expanding a successful automotive business (selling auto accessories) with three locations (two in Miami, one in Houston).
He sold this business in 2018, which gave him experience selling companies in the US.
Since 2018, he has worked as a Business Broker, advising on the purchase and sale of businesses. To be a Business Broker in Florida, you need the same license as a Realtor. His primary focus is on established businesses.
◦ He belongs to the Florida Association of Realtors and the Florida Business Brokers Association (the largest in the US).
◦ He can be reached at jonathanremo.com, negocioenflorida.com, or on Instagram @jonathanremo.
Investment Opportunities in Florida (Miami):
- Recommended Businesses: Service-oriented businesses are the best (e.g., landscaping, air conditioning maintenance, roofing). They are essential services that people will always need.
- Less Recommended Businesses: Retail can be more complex due to low profit margins.
- Considerations: Some service businesses require special licenses.
- Areas with growth and purchasing power: Doral (large commercial areas around residences), Broward County (Miramar, Pines), Palm Beach (Delray, Boca Raton), Coral Gables.
- ◦ Location Strategy: It is advisable to observe where large companies (e.g., Starbucks, Whole Foods) are opening, as they invest thousands in market and feasibility studies.
Immigration and Investor Visas:
◦ The U.S. government offers investor visas to live in the country to citizens of treaty countries (e.g., Colombia, Argentina).
◦ A substantial investment is required (more than $100,000, $120,000, or $150,000 is recommended) in an ongoing, job-generating business.
◦ It is crucial to consult with an immigration attorney to understand the requirements and maintain the visa (for 2, 3, 4, or 5 years, and renewable).
◦ For any immigration process, it is essential to plan ahead and seek the best advice from attorneys, business consultants, accountants, and title companies.
Recommendations for New Agents/Business Brokers:
◦ Discipline and perseverance: The first few years are not easy; the license is only a requirement. You must be prepared to wait and persevere.
◦ Believe in yourself: Ignore discouragers (even family members).
◦ Persistence and marketing: Strive to be “1% better every day” and focus on marketing.
◦ Have a good team: It’s vital to work with title companies (like First Title Group), attorneys, and accountants (like ACMN Consulting) to ensure successful transactions.
Advice for Potential Investors:
◦ Don’t rely on all the news: The media can be biased; it’s better to seek advice from experienced people.
◦ Take exploratory trips and meet with several advisors: Gain different perspectives (from two, three, or four professionals) to form your own opinion before making decisions.
◦ Investing in real estate in Florida is always good business, as is having a well-managed business.
◦ Take advantage of current communication tools like Zoom and WhatsApp for consultations.
First Title Group Services: They handle residential and commercial closings, including businesses. They offer a fast, secure, and stylish closing experience, supported by attorneys and accountants.
