REI INK

Podcast

How to Build Success: Insider Tips from a General Contractor

Ray Negrete is a successful real estate investor, a general contractor, and the founder of Rehab Squad. In this episode, Ray talks about his experiences in real estate investing and general contracting. He also shares valuable advice on contracting and customer relationships. Listen now and find out why Ray’s customers keep coming back to work with him and how he navigates the challenges of general contractors today. Quotables “Find someone you trust. Treat them well and stop trading time for money. Delegate, delegate, delegate.” “People still don’t understand they were paying $25 a square foot for granite three or four years ago. Why is it 35 now? And if I have to explain that to somebody, we’re not a good fit.” “I think believing in yourself and being a good leader and setting examples is definitely a good way to run a business like this.” Links Website: Rehab Squad https://www.therehabsquad.com/about Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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From Boss to Leader: Empowering Your Employees for Success

Erik Latsha is the CEO of Honest Home Solutions, a real estate investment company operating in South Central Pennsylvania and northern Maryland. In this episode, we talk about the importance of honesty, trust, and accountability in building a successful real estate business along with the biggest lessons Erik learned along the way. Listen now to learn more about Erik, how he operates Honest Home Solutions, and how your integrity can create a great impact in the industry! Quotables “One of the big things we focused on was people over profit when we really started our business, it was a huge part of advertising and marketing.” “When I’m making business decisions it’s really important for me to be an example to my staff.” “I don’t believe you’ll ever have good people until you empower them to be better than you.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Instagram: Erik Latsha https://honesthomesolutions.com/ Facebook: Erik Latsha https://www.facebook.com/ErikJLatsha/ Website: Honest Home Solutions https://honesthomesolutions.com/

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Finding the Perfect Solution for a Particular Segment

Dallas Tanner is an experienced investor and property manager who started with Treehouse Communities and now heads Invitation Homes. Discover the importance of location, product segment, and capital structure when investing in residential real estate, as well as the shifting demographic effect on homeownership and the rise of build-to-rent communities with tailored amenities. Learn about the challenges faced by millennials in finding affordable housing and the increasing desire for choice and flexibility among renters. And don’t miss Tanner’s Money Minute for tips on building equity over time. Quotables “I don’t see demand caving. I think demand stays elevated. I think supply is our issue, which also exacerbates the demand issues.” “If you own real estate in housing, you’re probably in a really great spot if you’re properly located.” “If you’re passionate around the concept of owner. Invest in real estate, find the right ways to do it.” “When you say somebody can’t live in this neighborhood because they don’t want rentals, I actually think that’s the reverse of progress.”  “Try to be the perfect solution for a particular segment that you want to focus on.” Links Website: https://www.invitationhomes.com/  LinkedIn: https://www.linkedin.com/in/dallas-tanner-94933737/ 

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The Economy, Relationships, & Technology 

John Gordon is the Director of National Accounts at The Home Depot and a radio host with a show on home improvement for over 20 years. He is with us today to help us better understand the world of home improvement and how it has changed through the years. Listen now to learn more about John, the impact of technology on home improvement, and how The Home Depot has been consistently serving its customers! Quotables “Where there’s not a balance between understanding technology and understanding the real estate business, there’s ugliness.” “If you have a healthy balance between technology and your business, you’re going to be fine.” “If you don’t do the work on the front end, the back end is going to be garbage. We heard garbage in, garbage out – I say nothing in, garbage out.” “Shortcuts are not good in technology. I know that they’re designed to save time, but you have to do a little leg work.” “Think about the investors when things got dicey in 2008-2009 who did not slam on the brakes – they did very well and they began an industry that didn’t even exist until they decided to keep going.” “Look at your relationships, look at your network, and understand. Do you have the right people in it?” “You don’t want to look for money when you need money, you want to build the relationship for when you may need the money, and I think it’s the same when you’re working with the Home Depot.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Website: The Home Improvement Show with John and Dave https://wbt.com/ Email: John Gordon john_gordon@homedepot.com

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The Power of Buying Back Time

Dr. David Phelps is the founder of Freedom Founders, an exclusive real estate investing community dedicated to helping people achieve financial freedom through real estate. David is a retired dentist who transitioned from his practice to real estate investing to be with his family and he has been helping others do the same for years. Listen now to learn more about David, Freedom Founders, and what it took for him to go from having his own practice to achieving financial freedom with real estate!  Quotables “You have to be cognizant of the fact that the market’s changing, it’s shifting. Is that a bad thing? No, it’s a good thing if you’re positioned for opportunities.” “It gave me what I call optionality. That’s what you want in your life and the sooner you can get that, the sooner your life can change and you can finally do what you want to do.” “If you don’t like where you are, look at your environment, who you’re hanging out with, and change that.” “Learn through other people. This is not rocket science, you don’t have to go to school to get an MBA in Finance or Commercial Real Estate. You could do this yourself, with other people, and that’s the best way to go.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ Book: Inflation: The Silent Retirement Killer https://www.amazon.com/Inflation-Sile… Website: Freedom Founders https://www.freedomfounders.com/

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The Importance of Being a Lifelong Learner

Paul Wakim is a real estate photographer and investor, and the CEO and co-founder of TwnSqr, a real estate tech company that helps investors find their sellers and buyers in an off-market marketplace. Today, Paul lives a very nomadic lifestyle with his wife, traveling around the country while running their businesses fully remote. Listen to this episode to learn more about Paul, how TwnSqr is innovating the real estate investing space, and what lessons he has learned through the years! Quotables “At the time, I was like, okay a drone is cool and there’s some really interesting stuff going on there, but I didn’t really grasp what it meant to have technology under your control and coding taught me that.” “We went back to the world of wholesaling real estate investors because as people in technology or in start ups, we’re looking for the place where we can really innovate.” “The key difference between any other platform and what you can do on TwnSqr is any asset that you upload to TwnSqr, you have complete control over who has access to it and how that’s used.” “The main customer that we’re monetizing right now are the wholesalers, the real estate investors who are posting the properties and who want to take advantage of our tools, but you don’t have to.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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