Realpreneur Principles

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Nikolai Ray, CEO of MREX, discusses real estate entrepreneurship.

MREX

  • Oct 10, 2019 LATEST EPISODE
  • infrequent NEW EPISODES
  • 5m AVG DURATION
  • 26 EPISODES


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Latest episodes from Realpreneur Principles

Creating Deal Flows when Investing in Multifamily Buildings

Play Episode Listen Later Oct 10, 2019 6:18


In the latest episode of Realpreneur Principles, Nikolaï Ray talks about how to generate a deal flow. Where to look, who to talk to, and everything else you need to know to reach your objectives.

How to Switch from a Consumer to an Investor Mindset?

Play Episode Listen Later Aug 20, 2019 7:18


Real estate investing is not about prices—it's about returns and investment metrics. One of the most misunderstood metric is the capitalization rate (or cap rate). People think that higher cap rates are better and that cheaper properties are better deals. Today, Nikolaï Ray explores how lower cap rates and more expensive properties can actually have better potential for multifamily real estate investors.

Is Cash Flow King In Real Estate Investing?

Play Episode Listen Later Aug 6, 2019 7:21


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

Why Real Estate Underwriting is the Most Important Piece of the Investment Process

Play Episode Listen Later Jul 23, 2019 5:07


The market changes and people change and ultimately a whole bunch of stuff happens that you did not expect to happen. That's the life of a realpreneur and a real estate investor and that's why it's extremely important to make sure that your business plan and underwriting models are as dynamic as possible. In today's episode, I'm going to show you how to become a dynamic real estate planner and real estate underwriter.

The #1 Barrier that Prevents You From Living From Real Estate Investing

Play Episode Listen Later Jul 17, 2019 5:01


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.

How to Build Professional Relationships as a Multifamily Real Estate Investor

Play Episode Listen Later Jun 25, 2019 6:15


Finding deals, raising capital and having professionals that are there to help you are all things that any Real Estate investor and Realpreneur needs to do to be able to be successful. But, how can you achieve all that if no one knows who you are? In today's episode we're going to find out how to make sure to get you out of obscurity and get you known by the right people.

Best Advice to Succeed in Real Estate

Play Episode Listen Later Jun 11, 2019 6:20


Being a successful real estate investor and real estate entrepreneur is all about humility and keeping an open mind. No matter how much performance, success and units you have accumulated over the years, you have to make sure that you keep an open mind and stay humble. You want to learn more, welcome to this week's episode of Realpreneur Principles.

Property-centric or portfolio-centric investment?

Play Episode Listen Later May 28, 2019 7:52


In Multifamily real estate the property-centric philosophy versus the portfolio-centric philosophy is one of the major incenses to becoming a Realpreneur and being someone who's able to build up a big portfolio of multifamily investments. Listen closely today as I determine what is the difference between the property approach and the portfolio approach.

Don't Focus Only on Cashflow!

Play Episode Listen Later May 21, 2019 6:12


Every Multifamily Real Estate investor wants cashflow and loves cashflow. But are you a prisoner to the cashflow myth? Is the cashflow myth preventing you from building the wealth that you need to achieve your goals and achieve financial freedom? Take a couple minutes and let's talk about the cashflow myth and how you can break free from it and achieve your goals as a Realpreneur and as a multifamily investor.

Top 3 Traits To Succeed at Value Add Real Estate Investing

Play Episode Listen Later May 14, 2019 5:45


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.

Don't Rush It: Real Estate Investing

Play Episode Listen Later May 7, 2019 4:11


This week on Realpreneur principles, I'm going to show you how the agricultural expression of not putting the cart in front of the horses can help you make more money, raise more money and ultimately build your real estate empire. Are you ready to achieve your objectives?

Secret of Success in Real Estate

Play Episode Listen Later Apr 30, 2019 4:05


Every successful real estate investor and Realpreneur have access to is own braintrust. Do you? This week on Realpreneur Principles, I'm going to show you the secret necessary to becoming a truly successful Realpreneur.

Become a Hyper Local Real Estate Expert

Play Episode Listen Later Apr 23, 2019 3:35


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.

How big should your real estate empire be?

Play Episode Listen Later Apr 16, 2019 4:38


The question of the day on Realpreneur Principles is : how big of a real estate empire do you want to build? Or do you just want to build a smaller empire but faster? Because alone you can go faster but together you can go a lot further!

Deal Flow: How to Find Real Estate Deals

Play Episode Listen Later Apr 9, 2019 3:35


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.

Are you scared of asking for money?

Play Episode Listen Later Apr 2, 2019 6:40


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.

Hustle intelligently and reach your full potential

Play Episode Listen Later Mar 26, 2019 3:51


This week I want to talk about hustling. I agree, to some extent, with what many coaches and gurus say about the importance of working hard, of hustling, of getting going, etc. Don’t just hustle for the sake of hustling; hustle intelligently. It doesn't matter if you sleep 5, 8, 10, or 12 hours a night. It's what you do during the day, when you're not sleeping, that counts. If you want to be the CEO of your real estate investment company, you have to make sure that every minute you can devote towards building that business is put towards it. Focus on what matters.

#1 Tip for Networking in Real Estate

Play Episode Listen Later Mar 19, 2019 7:11


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!

Sealing the deal the right way

Play Episode Listen Later Mar 12, 2019 3:23


I wanna talk to you about handshakes vs contracts. Both are extremely important when you're a Realpreneur or heading a real estate investment company. Obviously, contracts, for many reasons are a must. If you're building a business with partners or buying a property, you need to have a contract in place. But sometimes handshakes are also very important. Because obviously, you're not gonna put everything under contract. If you are putting everything under writing, it kind of tells people you're not able to trust them!

Growing Your Business: Who Do You Do Business With?

Play Episode Listen Later Mar 5, 2019 5:23


After many years in business, you start to realize that the reason you're in business is because you wanna do things your way. You wanna be free, you wanna have fun and obviously you wanna make money right? But money is not the end of the all. You wanna make sure that you have money while also having fun and having the freedom to lead the life that you wanna lead. So what I'm talking about when it comes to choosing who to work with, there is this test that I like to use. It's called the "hmmm" and the "Eeew" test. I use it to decide: "Do I really want this person around me?".

Secrets to Raising Capital: Grow your Real Estate Business

Play Episode Listen Later Feb 26, 2019 5:19


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!

Tips for Delegating Work in Your Real Estate Business

Play Episode Listen Later Feb 19, 2019 6:18


As a CEO, we think about our mission, our values, where we wanna be, when and how we wanna get there. Then we decide what tasks need to be done, get there why they need to be done and by whom. Finally we have to actually delegate those tasks. Now delegation is something that is extremely complex. Many people have run companies for many many years and still have troubles doing it. It's gonna take time. Be patient with yourselves and understand that you're not gonna be masterful at delegating tomorrow morning. but that doesn't change the fact that you have to start delegating as fast as possible if you want to fast track your real estate investor career.

Hire Slow, Fire Fast: Scaling Up Your Organization

Play Episode Listen Later Feb 12, 2019 6:46


As the CEO of your Real Estate Investment Company, you will have to scale your organisation. 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.

The Stress of Being the Top 1% in Real Estate Investors

Play Episode Listen Later Feb 5, 2019 5:46


Stress will always be present in what you wanna do. If you wanna get rich through real estate investing, multifamily real estate and through business you have to deal with more stuff than most people are willing to deal with. Therefore if you wanna be in the top 1%, 5% or 10%, you have to deal yourself with problems than no else are willing to deal with. That's the difference between a successful real estate investor owning several properties and the rest. Dealing with starts ultimately with the way you perceive situations. Being always negative and seeing challenges as problems and complaining about your tenants, that shows me that you're really not inline with your objectives and goals as a real estate investor. You have to take a step back and be extremely conscious about the way you're talking and behaving. See this as an opportunity to grow and improve yourself and show your tenants and everyone you'Re the right person for the job!

Work ON your business NOT IN your business

Play Episode Listen Later Jan 30, 2019 7:58


Your mind must always be focussed on strategic planning. I've been a CEO for over 10 years now. I'm at the point where everyday I have time set aside for strategic planning. It's become a habit. It's just a way a of life now. At first, for you guys it won't be easy. You have to be disciplined and set time aside in your schedule to work ON your business to achieve more success!

How to Have Massive Success as a Real Estate Investor

Play Episode Listen Later Jan 17, 2019 5:04


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.

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