Nachum Segal and Joey Hecht Discuss Real Estate Opportunities in Israel on JM in the AM

JM the AM. Don't forget that uh today's Giving Tuesday and those of you out there who are inclined to support our efforts and make sure to jamm the NHL single network continues on a daily basis. Go to fjbunity.org. Again, go to fjbunity.org. I am proud to say we've exceeded 100 donors already, which is pretty amazing, frankly. Uh 200 plus 16 just came in from an anonymous donor. Thank you, Esther and Jeffrey Stock, 20 times high. Thank you very much. And we are about the next donation we get will put us over the $13,000 mark on our way to over 200,000, please God, by the end of this calendar year. So, thank you to everybody who's been so generous. It is much appreciated. Joey H is in our studio. You may recall that um we always say proudly that the future of the Jewish people is in the state of Israel. Joey Heck also believes that the future of the Jewish people is in the state of Israel and he's doing something about it. He's been with us before, of course, talking about real estate in Israel and how his company is a is really a one-stop shop for everything you'd like to accomplish, no matter where in Israel you want to buy. And um I should I should add by the way since today is Giving Tuesday that Joey Heft is one of those people who and we mentioned to him that we are raising funds to keep us going here for another year. He didn't think twice did not think twice gave a very generous donation and set an example for everybody out there. And with that Mr. He say thank you very much and welcome back to JM in the AM. >> You're very welcome. Very happy to support this wonderful news channel and all the that you do on behalf of Israel. I appreciate that very much and it's a it's an honor to be recognized as such and I thank you. No, every every week, maybe maybe not every single week, but whenever Malcolm Homeline appears on this show, which is once a week, almost every week, he's mentioning how important it is to invest in Israel now. >> Absolutely. >> Because he jokes that he's been told that every year you wait, you lose another bedroom, meaning for the value of what you want to buy. >> Absolutely. In in fact, since the last time I was on >> Oh, don't tell me. >> Just the shekele to the dollar exchange difference is 15% since I last spoke to you. >> Correct. >> Just the shekele to forget about appreciation. >> Right. We were talking about the >> that if somebody would have bought in April or May to today, it was 3.7 shekel then to the dollar and now it's 3.23 3.25. It's 15% just in the exchange rate. So I can't predict the future, but people need to pull the trigger. The other consideration and the reason that he continues to say this in addition to your point which as you indicate is really you know something that's happening acutely right now >> right >> is that um anything it seems although it's funny I just had this argument with somebody the other day who was trying to convince me that you never know but it seems that no matter where you buy in Israel a year from now two years from now three years it's only going to be worth more >> absolutely >> now again this guy was trying to convince me that hey you never know it's realist real estate, you know, things go up, things go down. But I don't know, Israel doesn't seem to be playing by those rules, frankly. >> So, one of the points I wanted to bring up today is is that there's this mentality in America that when you buy something, you have to handle. You have to negotiate. That's in our DNA. When you negotiate >> in Israel, they don't have that mentality. >> Everything is priced to market. And if you overnegotiate, you have a very good chance of losing the deal. And then you get into this mindset, oh my god, I lost the deal. So, I have to wait till another deal comes up. And then yet you're trigger shy and you don't want to pull a trigger. So you have to rely on Israel onetop. Then when we tell you that's the number, you got to pull the trigger. >> Wow. >> So if they're offering an apartment for 5 million checkout here in America, you'd say, you know what, make an offer of 484947 and we we'll negotiate. The sellers are instructed to tell their brokers that don't bring us any of those low bull offers because there's so much interest. >> Just bring me the five. >> Bring me the five or of course you could offer 4 550 and make a deal. Boy, I have plenty of clients. >> What do you mean? You just said you can't. >> You could offer a little. You can't overnegotiate. Meaning people ask five. You can make us an offer and see what happens. When the if the >> meaning what? 4.9. >> 4.9. And if they're not 4.5 >> Exactly. And if the seller says 4,950 is where we make a deal, >> you can't come back and say 4925. >> That's what you mean. >> Then the seller will say, you know what, we're out. you're you're solving a big problem because and I I hate being stereotypical but I think I think I speak with some authority. Uh it is in our DNA as you as you mentioned even if one can afford the apartment they're buying without any problem. They still need to know that they saved a drop of money somewhere. >> They need they feel that. But I'm telling you from my experience doing this for close to two years now and we just crossed the 70 million shekele mark which is a big milestone for me in in closing deals. People need to understand if they see something they like, buy it. >> What's available in Jerusalem these days? How many different projects are you working with? >> There's projects all over the country. >> But Jerusalem, more than one in Jerusalem or or >> many many in Jerusalem and many in our known uh in in in um near near the David Citadel. We have a project >> cuz I was some I was stunned. What is going on here today? The Gremlins have have taken over the show. I w I was stunned by the price of certain new projects in Jerusalem. I thought they'd be impossible to afford, >> right? >> And and some of them are not so crazy. >> No, you could get a deal for 4 million check out, three and a half million shut out, 5 million. >> Someone's willing to spend a million dollars or >> or you know give a significant down payment and then you know mortgage the rest assuming they're able to, >> right? So as an American you can mortgage up to 50%. What I encourage people to do is to call me. We do an intake, no charge. You don't pay any fees unless you buy something. We do a full Zoom intake with my partners in Israel. We ask you a lot of questions. Where you looking to buy? Do you need a Shabas elevator? Do you need a suka balcony? What's important to you? And then we give you a whole blueprint of all the different options that are available to you. >> You need a suka balcony, forget Jerusalem. >> Exactly. >> There's no It doesn't look >> And the other problem is is that there's 100 people looking for that same apartment. >> So, if it's available, it's gone quickly. But my point is is that I really encourage people to call me at my cell number at 516319399 or at joeyisrael1stop.com. That's the numeric one and do a free intake. >> Yeah. >> What do you have to lose? Try us out. You know, people are inundated with different people about real estate in Israel. You open up your WhatsApp group with Yeshiva World of Is every day you see people coming into America. The difference that sets me apart from them and me is that I'm here. I've been in GRA neck for 30 years. I'm here to make sure that whatever you're buying, I'm going to protect you, not only now, but in the future as well. And another thing I want people to understand is there's no title insurance in Israel. Here in America, you go to contract, you hire a lawyer. He does a title search, and then they tell you the propertyy's free and clear, and then you close, and you get a deed, and you're good. In Israel, there is no title search. Your attorney is the most important person who has to do all that due diligence for you. My partner at Frat Levy, who's an excellent attorney, will do all that due diligence so you could buy with confidence. And if you don't have the right attorney, you could have problems in the future. 2, three years later, you might find out that you can't register your apartment in the land authority because there were fees that were still owed from before, which is which is unbelievable, >> right? >> So common. >> And it's common. >> So we make sure that we dot our eyes and cross our tees so that you don't have any problems. That's why we we we set ourselves apart from all the other uh people out there. I'm not saying everybody's bad or good, but what we try to do is make sure that your investment is protected and we watch you every step of the way from a toz. >> Joey He is here. The website again, >> israel1stop.com >> and it's number one. >> Number one. Exactly. >> Israel1stop.com. Uh you do help people open bank accounts in Israel. >> Absolutely. Which is also very difficult to do. Ephra could help you open up with a bank account. Do the due diligence. We have resales. We have new developments and we will do a zoom with you, a FaceTime WhatsApp with you at the convenience and the comfort of your own home. If you happen to be in Israel, we'll meet you in person. We just had somebody in Woodmir this past Sunday, met with us for 3 hours. We showed them around an area mima. They were very happy. A lot of people don't have the luxury to travel to Israel. So, if you want to do from the comfort of your dining room, your living room, your kitchen, we'll set up a zoom, do a free intake, and start the process. It could take 2 months, 2 weeks, or even a year. But at the end of the day, we will find you your dream home. >> You can help with property insurance. >> Absolutely. >> You could help with money transfers. >> We could help. >> You could help with renting out your apartment, right? They've bought an apartment and you've been helpful. Now, that apartment needs to be rented out. >> Manage it after it's rented out. We do the whole process from a literally from A to Z. We cover all the bases. >> Um the um how long does it take now >> when a new project is announced for those apartments to be finished? Is there an average amount of time? >> Three to four years. >> Three to four years. If someone announces a new project, you can be relatively confident that four years later that apartment building will exist. >> Not only am I confident, it's bank guaranteed from the government. So, your money is secured, but more importantly, if the developer doesn't finish on time, there's a penalty for them. So, they have an incentive to want to finish it. What's the penalty? They have a 60-day grace period from the end date. So, let's say it's January 2030. If they don't finish it on time, two months later, they have to pay you one and a half times the rent value for every month that they're delayed. >> Wow. >> So, trust me, they're they're motivated. They're anxious. So, if there are 50 units in that building, multiply them by X amount to rent times one and a half. They want to make sure that project is getting done. >> Um, you and I are probably around a similar age. >> Yep. I would think that the majority of people who are looking to do what you're doing, >> who are looking to utilize your service and buy an apartment in Israel are probably in a younger age group than we are. >> Um, not necessarily >> because I don't know how many people older than us, and again, I'm being very general here, older us want to take on a large mortgage that could last, I don't know, 10, 20 years when they're getting up there in age. Is this a is this a myth that I'm painting here? >> Yes. In fact, last night I got a call from a client who said, "I might not be buying for myself, but I'm buying for my children." >> Yeah, but they're going to have to take over the mortgage. >> The parents are willing to take on the risk for their children. Meaning the environment today, the environment today with the recent elections and with anti-semitism going on in the world, people are petrified. Many of them are Holocaust survivors. >> So they'll leave enough money for them to pay off. >> They're saying we have an Arouchia. I want them to enjoy the Arouchia while I'm alive, >> not when I'm gone. So if it means for me to invest >> right >> now I'll enjoy it maybe temporarily when I go I want to make sure that my children and my grandchildren have a place to go >> understood but they're also because of what you just described as they're also confident that they'll leave enough money for that apartment to be covered and be fully paid off. >> Exactly. I asked you this this question last time. Do you know anybody who ever says they regret buying in Israel? >> No. >> Never. >> But everybody always says I regret not buying in Israel. >> Right. And not buying early enough. >> And not buying early enough. And people say should have bought a week ago. I should have bought a month ago. Well, guess what? You should be buying today. >> Can I tell you a story? But you want to know something? If I would buy today, then five years from now, I would say, "Thank God I bought then." And not that not today. Meaning 5 years later. >> Well, the advantage of buying a new development is that you could put down 10, 20, depending on the structure of the new development. You're locking in today's prices that when it will be ready in 5 years, it would have had a ready appreciation. So, that's the goal. You're lock. >> So, when it's built, it's going to be worth >> making money. Exactly. I told you I had a rabbi in Granite Kabort a year ago. I can mention his name, Rabbi Smiki. He doesn't mind me sharing it. old friend of the mine >> he bought for 2 and a half million shekel in US shalam I'm sure on paper it's already worth a half a million shekel more just on paper not that he's selling it but every day that every day that goes by you have appreciation value and you're buying an SW >> you know what I read your book and I really enjoyed it and I saw the history of all the pictures and everything that's going on in the book could you imagine if you bought 40 years ago or 30 years ago or 20 years ago we wouldn't be sitting in this we wouldn't be sitting in this room If I tell you the opportunity that I had in 2005, you'd faint if I told you. >> So, I want you to encourage your listeners. They shouldn't be in that position >> that they need to pull the trigger. Whoever's thinking about it, what I have to lose, call me. It's a free intake. >> We'll give them a a free >> overall evaluation and we'll be happy to uh work with them. >> Uh, as you said, developments that we mentioned today, uh, Israel does not have title insurance. That's a savings, right? That's >> right. Well, not that it's a savings. I just wanted to educate the people that are listening >> to make sure that if they're not using me and they're using an attorney to make sure that that attorney is doing the due diligence before they sign. In Israel, it's >> Oh, that's what you meant coming from that angle. >> Exactly. In is in Israel, it's opposite than here. Here you go to contract, you get title insurance, and then you close. In Israel, when you sign the contract, that is the closing. You own the apartment. Even though you're buying a reseller and the person you're buying from is still living in the apartment, you officially own it. And if your lawyer didn't do the due diligence, if there was a mortgage owed, if there's any leans on the property, they have to check all that out. Once you signed in 2 three years, when you do the final registration with the land authority and they say, "Oh, by the way, there's a million sheke on the apartment." It's your responsibility. >> How'd you find out all this stuff, Mr. Ha? >> Being in the business. >> Simple as that. >> We've done so we've done so many events in Great Synagogue, Bablonian Jewish Center in New Jersey, in Woodmir and people's private home. When we do speeches and my attorney speaks at Fali, she explains and people ask excellent questions. What happens if this and what happens with that? And she goes over all the specific details. And I want your audience to understand, be careful. And coming through Israel one stop. We make sure that we protect you. >> We make sure that we do that due diligence for you so you don't have a problem. >> When's your next event? Is there one coming up or you haven't planned anything yet? >> We haven't planned anything. This is the event right here. This morning at Jam. >> This is the event. You want to hear from people? >> Absolutely. >> Come on, folks. You got to call Joey Heckley. Start the process. >> Call me at 5163193999. And I promise you'll be happy you called. You have nothing to lose, >> right? And those frankly >> Mhm. >> who who own a house here, right, >> that's valuable, especially if the mortgage is paid off, >> right? >> You know, they start thinking about Israel. They think about Florida. They think about other states in the United States. Don't take Israel off of that list. I want you to know all my recent clients said we were planning on buying in Florida. Florida's off the list. It's only Israel. People want to buy. I'm telling you, the environment today is scary. The >> Yeah, but they say in Florida it's not as scary. >> The UK, >> right? >> The UK people are fleeing. In fact, my partners were in the UK and they said, "Don't talk about new development. Only resell. We need to leave now." Which means you're competing with people from London. You're competing with people from Paris, from Woodmir, from Tene, from Bar Park, from all over. So there's only that many apartments in Israel. Good apartments. You want a water view. How many water views are there? How many sixbedroom apartments are there? How many five-bedroom apartments are there? Everybody wants to be in a specific block, specific community, and 30 people are bidding on the same apartment. So you got to pull the trigger. Today's the day to buy. >> Wow. What a difference 40 years make. >> Oh, it's crazy. >> What a difference. And I'm telling you now that the wars barashem bar a million times over things are calmer. People are actually traveling to Israel. When people are traveling there's more action. When there's more action the prices get even stronger and there's less availability. So we have to get into the game. >> Did you see that list online this week of uh average price in different cities in Israel? I don't know if you saw that. I mean Tel Aiv was way at the top. You know you know what was in the middle which shocked me? I thought it would be higher up is >> Beva, right? Because it's a little it's a little >> Chev is more affordable. It's more anything that's not in Tel a Viv or Jerusalem. >> Natanya, Jerusalem, that's a further north or south is a little cheaper. I have to tell you almost 90% of my clientele are buying in those three areas. Uh Shalim, >> Tel a Viv Nata became the >> Well, that's it. That's where everyone's buying is Nata. >> Natana is where it's at. That's where all the action is. Yamim, there's new projects all around that area and that's where the action is. >> But I have friends who bought an Ashkalone also. >> Yeah, absolutely. Is there any bad place to buy in Israel? No, I'm just saying that, you know, people think that Anglo, you know, wouldn't fit in in certain areas, you'd be shocked where you'll find Anglo communities. >> That's why I encourage people to do a an intake with us and let us understand what their budget. If they tell me my budget $700,000, I'm I'm going to tell them you can't afford Tel Aiv, we'll look for other places. >> What's a three-bedroom in Katsin? I still have this dream of going, you know, to Syria. >> We'll find We'll find you the right deal >> because I told you what my friend said about Katrin. He said, uh, you got to move to where he is. He's in Katrin. says, "You got to move here now because you'll have all the space you could ever imagine and nobody will ever come to visit. I know it's going to bother you." >> I thought that was an interesting pitch. >> What do you think, Mr. H? Are you Are you looking at the cut at all? >> Let's do it. We'll go partners >> or Kirk Schmoders. Are you looking to fund departments in Kirona? >> I told you we're working with Trump and Gaza. We're trying to fire up all the waterfront property as a joke. Now, I know it's a joke, but boy, could you imagine if they really would make valued uh property in an area like that? >> Let's be serious. Prices are going up. People are looking. People are buying. And your listeners should really want to reach out. And I'm here to help them find their dream home in Israel. >> Have you helped anybody move to a lot? >> No. Not one in. >> Not in a light. I'm telling you, the three most popular areas in Italy, Jerusalem, I get it. But a couple in Herzelia, a couple in Ranana. >> I get it. >> A couple I did a bunch in Raanana. But you knew you were coming here today with a guy interested in both a lot and Katsarin. I mean, come on. >> I'm going to find you the best deal. 3 million Shakalot. >> No money down. Zero down. >> I have a feeling that's available there. >> I'll make it available. >> Believe me, I have a feeling it's available there. >> Once these apartments are finished, >> that's when the 50% comes in where you have to make sure you have 50% of the money in cash to handle. >> Absolutely. So if you're doing a new development, you're putting down either 10 or 20% or some of them you put seven then 13 10 10 and 10 till you get to 50. But that doesn't come into play on the mortgage side till about 6 months before it's completed. Right? >> So we'll notify you, we'll tell you, give you updates along the way where the project's going, all the payments you need to make going along, but you don't have to do the mortgage. So you don't you don't apply for it today. You apply for it back on the back end three to four five years out from. >> And is it rare that someone's that an American, especially one who's put down the 50% is rejected for a mortgage? >> No. If the same process is here if you have if you have the paperwork you're able to I mean if you have the W2 and the 1040 the same it's the same process. Now many people do the mortgage here and send the money there. >> No. >> Yeah. >> So what bank would mortgage a property in? >> No. No. No. They take a mortgage against their home. In other words, they find ways to pull the money here and send it there. But the Israeli banks do four and a half 5%. It's not a problem. I've had no clients had an issue getting a mortgage. >> Very interesting. >> Are you ready? >> When you say what? When you say >> I'll make it work for you. Let's go. >> Not only are you one stop, you're one stop with ease, it seems. >> Absolutely. >> No, but smooth sailing. >> With a smile. >> Listen, I grew up in Burough Park. Come on. >> You went from Burough Park to Great Neck. >> Abs. No. First, I went to Queens. >> But isn't that an unusual route? Burough Park to Great Neck. >> No, >> it's not unusual. >> No, >> your other There are other B parkers in Great Neck. >> I married a wonderful Swarty girl, Donna. She grew up in Forest Hills and we ended up in Great Neck. Barashem with three kids, six grandchildren. very happy. >> Wow. Pretty cool. >> But I'm telling you, my passion is to find people their dream home in Israel. After October 7th, Hashem gave me this mission. I told you last time I was in my garage. I was doing all this for Israel, sending packages, sending bulletproof vests, sending all the different things that the soldiers needed. And I said, "God talked to me." And he said, "This is your mission." Telling you, I have a mandate from God to help people find apartment in Israel. >> Wow. It's a good mission to have. Um website again, >> israel1stop.com. >> Israel1stop.com. It's the number one in the address, the number one, the actual number, the numeral, the figure. Israel1stop.com. Joey Hec is available at the following phone number for everybody. >> 516319399. I'm available on Instagram atisrael1stop.com or Facebook. You can WhatsApp me, call me, text me, and I'll be more than happy to set up a Zoom with my partners at your convenience, and I promise you, you'll be very happy. >> Mr. Heck, is there anything else you'd like to add, sir? >> Just call. >> That covers it all, huh? >> Covers it all. >> So, your dream home awaits in one of the major or minor cities of Israel. >> Absolutely. First of all, I want to thank you for inviting me for the third time, Richard. I'll be a fourth and a fifth time. And my goal is to keep saying how great things are in Israel. And I'm going to bring in some clients with m of mine to give updates on on the process and how happy they are with the services that we provide. >> And bring Rabbi some licki >> and I'll bring Yeah. >> Old old friend. >> Wonderful. And I know Rabbi Palos a dear friend of yours as well. >> Saw him recently. The man's amazing. >> Amazing. Love him. >> The man is amazing. Also has a son who's amazing. >> Absolutely. Family is amazing. Wonderful guy. >> Anyway, uh you got a lot of people thinking as always during one of your visits. >> Absolutely. >> That's the most important I'm happy that the thing we we don't pressure anyone to buy. All I'm saying is call us to do an intake. >> Tell us what your needs and wants are and let us help you find what you're looking for. >> Because because Mr. Heft, I don't know if you're familiar with this or not. >> Sure. >> But on an irregular basis here at JM, we say the future of the Jewish people is in the state of Israel. >> Absolutely. And that means if you're in the US, the UK, Europe, South America, South Africa, or anywhere on this globe, the future of the Jewish people is in the state of Israel. >> That's why I own two properties there. I own in Natana and Lime. >> And one of my projects, >> you're doing the typical thing. >> I'm doing the typical thing. And we >> we have a project called Eden. It's on Hilll Street. It's 6 minute walk from Emma Mall. >> Right. >> Okay. It's two blocks from Beyudo, one block from King George. It's going to be ready in 3 years. Yes, you have Ry's the developer. We still have a few apartments left over there. I bought a 5-bedroom, four room apartment. >> Is that the largest 54? >> Uh, yeah. Besides the pen houses. We have a mini penthouse and a penthouse. Several of them. >> Are there a lot of threes available in a building like that? >> Yeah, there's twos and threes available as well. >> Interesting. >> I know you I could tell in your eyes you're considering it. >> Well, I one of one of the things that's holding us back is going to end up, you know, costing us so much money, >> right? is that you'd like to see where your children and grandchildren end up before you make a decision where to go and invest. >> People tell me that all the time, but then other people tell me, "I need to get in." >> Right, >> Joey? I need in. >> Right. >> And then we'll worry about where we >> I'll worry about it later. Yes. And you know what? You might pay 25% appreciation tax if you end up selling it. >> They want to lock in an apartment because they know that they missed the boat yesterday and the day before and they don't want to miss the boat again. >> Gotcha, Mr. Heft. Lot to think about. >> Absolutely. I hope the listeners think less than I do and actually act on this as soon as possible. Israel1top.com, thank you so much for visiting today. >> My pleasure. Thank you for having me back. >> A pleasure. More coming up. You're listening to JM and the AM.