REI INK

Diving Deep into Real Estate Market Data

Daren Blomquist is the VP of Market Economics at Auction.com. His work is focused on gathering and analyzing data to help real estate investors find the best investments that will help them succeed in scaling their businesses and growing their portfolios. Listen to this episode to learn more about Daren’s insights on today’s market and why you should always be looking at the data before you invest! Quotables “We’re still at the point where foreclosures are about half of what they were pre-pandemic, which already was, basically at a 20-year low.” “People who are in default are just going in and out of default and staying in that seriously delinquent bucket. It’s just taking them longer to move down the drain.” “The foreclosure sale is the last opportunity for that homeowner to protect their equity. If it goes back to the bank, then the bank gets all the equity.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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Navigating Growth, Family and Consistency from the CEO’s Chair

Alex Gerhart is the CEO and President of Lifetime Quality Roofing, a national-level commercial roofing contractor, specializing in insurance restoration. He has built his company from the ground up to where it is today and he is with us to share the experience – the good, the bad, and everything in between. Listen now to learn more about Alex, how he built his business, and how he learned to run a successful company without compromising time with his family! Quotables “The value your children put on you is not in dollars, but the amount of time you’re spending with them and the quality of that time.” “It’s extremely important that you realize that you can always make money, but you can never get those memories and time back with your kids.” “You just have to realize that every person you bring in is not a cost, it’s an investment into making your company better, being able to be bigger.” Links Instagram: Alex Gerhart https://www.instagram.com/alexcharles… Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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The Man, The Myth, The King of Data

Rick Sharga is the founder and CEO of CJ Patrick Company, a market intelligence firm providing industry insights, forecasts, and analysis to real estate companies. Rick has years of experience in the real estate and mortgage industries and he is with us on the show to talk about what we can expect from the market in the last few months of the year. Listen now to learn more about what’s really happening in today’s market, what we should expect, and how we can plan for the next few months! Quotables “Look for people that need to sell their properties. There are sources where you can find all of that data and that’s where you’re going to be able to find all the assets that you need to buy.” “The millennials wanted to own homes at the same rate that Gen X did, the same rate as the boomers did – they just got started later.” “Don’t jump at the first opportunity that you see because there will be other opportunities but make sure that whatever opportunities you do pursue is an opportunity that pencils out for you.” Links Social Media: Rick Sharga https://twitter.com/ricksharga https://www.linkedin.com/in/ricksharga/ Website: CJ Patrick Company https://cjpatrick.com/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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Grit, Clarity, and Vision: Building Success One Step at a Time

Brady McDonald is the founder of The Grit Mastermind and CEO of Brightwork REI, a development company focused on building state-of-the-art self-storage facilities. He is a real estate investor with experience across many different asset classes and he is on the show today to tell us about his experience in building a mastermind, scaling multiple businesses, and operating in different markets. Listen to this episode to learn more about Brady, how he expanded his business into different asset classes, and why he founded The Grit Mastermind! Quotables “My advice to you would be to get ahead of the market if it is in a declining state and just try to sell them fast. At the end of the day, you will end up with more money in your pocket otherwise.” “When I was forcing my body into doing these hard things, the mindset got right and when my mindset got right, I became a better dad, a better husband, a better business, I could communicate better – everything just got better.” “What I would highly recommend is figuring out one strategy in one market that is scalable and dive deep into it.” Links Instagram: Brady McDonald https://www.instagram.com/brady.mcdon… Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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Transforming Trajectories: The 203k Loan Blueprint

Matt Porcaro is the founder of The 203K Way, a program that helps real estate investors build their portfolios by using the FHA 203K loan. Matt is a seasoned real estate investor who specializes in fix and flips, the BRRRR strategy, and small multifamily properties, and he is with us on the show today to shed a little more light on The 203K Way. Listen now to learn how Matt used the FHA 203K loan to propel his real estate investing career to success and how you can learn how to do it for yourself too! Quotables “One thing I do know is that we’re not going to be able to build houses fast enough, so we have to learn how to work with the existing inventory in the market and one of the best ways to do this is by using renovation lending.” “People always wonder why all contractors suck, but it’s not that all contractors suck. It’s that all people go to the cheapest guy.” “I think the thing I underestimated the most was getting one deal and how that one deal changes everything so fast. You, all of a sudden, are part of the club.” “If you can get a good deal, a good deal absolves all sins.” Links Instagram: The 203K Way https://www.instagram.com/the203kway/ Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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Every Meeting is Important Even if it Doesn’t Put a Check in Your Pocket

Justin Colby is the founder of The Science of Flipping podcast. Justin is a real estate investor and coach focused on investing in the single-family space, helping thousands of people explore their options as real estate investors, and getting involved in the best ways possible. Justin is with us today to give us a little more insight into the single-family industry and what it takes to succeed. Watch now to learn more about Justin, his best practices, and how you can succeed in the single-family space! Quotables “You don’t have to be doing this in your backyard. Pick the area, follow the money, go where the big boys are going.” “I think when we over-engineer a process or system, it actually removes your ability to be flexible and being able to adapt to different things.” “My first mentor in the space basically said every meeting is important, even if it doesn’t put a check in your pocket.” Links Instagram: Justin Colby https://www.instagram.com/thejustinco… Youtube: Justin Colby https://justincolby.tv Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

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