Everyone wants to do value add deals in multifamily real estate investing, but do you possess the three core traits necessary to be successful in a value add deal? In this episode, we are going to do an overview of the three traits that will help you profit from value add deals in multifamily, whether it'd be 5 units or 500 units.

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Welcome to Real Estate Financial Economics, presented by MREX College, a show dedicated to helping real estate investors understand finance and economics from the macro to the micro in order to think strategically and invest intelligently.

And now your hosts, Nikolai Ray CEO of MREX and professor in Real Estate Financial Engineering along with Dr. Christian Bordeleau Ph. D in economics, CFO of MREX, and Armed Forces veteran.

In this episode, we have the pleasure to receive Brian Pelligrini, CFA, Founder and Senior Analyst at Intertemporal Economics

Learn more about MREX College : https://mrex.co/

Reach-out to Brian : https://www.linkedin.com/in/brianpellegrini/

The subject of the week is Prospecting. Prospecting is the bloodline of any real estate entrepreneur who wants to build a big multifamily portfolio. You need to have access to properties and deals that will allow you to attain your objectives and you partners objectives. As the CEO of your company, you can't spend all your time prospecting for properties. You have to build a system, a deal flow, that works for you.

In 2019, to have massive success as a Real Estate Investor, you MUST become the CEO of your real estate investment company rather than just being an investor.

As a Realpreneur, just like a startup entrepreneur, you have to ask for capital. You have to be able to raise money if you want to give yourself the tools to achieve success. To do so, you have to get over the fear of rejection!

Think of it as offering to a person an opportunity to make more money, a deal he would not be able to access normally by himself. Do not think of it as begging for help. The reality is that when you offer someone to invest in your real estate investment company, you offer this person a chance to profit from your talents, from your know-how and from your time. All things this person may not have and therefore the kind of opportunity he doesn't have access to.

#realestate #investing #multifamily

This week on Realpreneur Principles I'm going to show you how to capitalize on the hyper locality of real estate to maximize your real estate investment portfolio.

You have to make sure you understand the area where you are investing and you have people who can help you in those areas.

As the CEO of your Real Estate Investment Company, you will have to scale your organization. Scaling is about building teams and bringing people together to create a community of success around a common goal and a common vision.

Something that is so important is hiring slow and firing fast. Most of you have probably already done this mistake of hiring fast and firing slow. That's natural. It's part of human nature. We always want to go fast. Also, it's very hard to fire people. It's like breaking up a relationship.

Nikolaï Ray, CEO of MREX, with a special interview featuring Clint Miller, Director at InvestRes.

Nikolaï was attending the ORLANDO MULTIFAMILY BOOM in Orlando as the moderator of the Design Trends & Amenities panel. on April 11h, 2019.

Everyone likes to talk about success, buying more doors, raising more capital but the reality if you're a realpreneur and a real estate investor, you're going to have to deal with a lot of difficulties, a lot of obstacles and a lot of tough times. This week on Realpreneur Principles join me as we go through the points that will help you succeed even through the toughest times.

As you acquire more properties, as you acquire bigger properties, you need more and more capital and you need it faster! And unfortunately, as you grow as a real estate investor you have to leave a lot of equity in the past deals that you acquired. Therefore, you kind of end up with a chicken and egg problem where you have access to better and bigger opportunities but you actually have less and less cash even though your net value is a lot higher!

Learning how to network efficiently is a must if you work in real estate. After all, networking is fundamental to the success of any real estate business. When I consider this fact, I’m always surprised by the number of developers, realtors, syndicators and investors who don’t take advantage of the incredible networking opportunities at their avail.

The problem is not networking itself, it's the way they network. They go for quantity: they signup to a whole bunch of meetups, the chamber of commerce monthly meetings and all events and conferences they can find. They spend tons of hours and money on these events and end up not actually talking and connecting with that many people. They don't get a very good ROI.

My experience taught me that you should choose your events. Choose quality over quantity!

Are you a real estate investor who has been convinced that cashflow is king? Well maybe it's not... Today on Realpreneur Principles we're going to explore the possibility that cashflow might not be all that it's set out to be.