Podcasts about rcn capital

In this episode, Suzanne and I sit down with Richard Ross, CEO of Quinn Residences, a leader in the Build-to-Rent (BTR) space. Richard shares his journey from accountant to real estate executive, his lessons on picking the right property types and niches, and his approach to long-term scaling without chasing fads.   We dive into Quinn's incredible growth to over 5,200 homes across 34 communities, how they've crafted a resident-first experience, and why patience, focus, and relationships are everything in today's real estate market.    Whether you're just starting out or scaling your portfolio, this conversation is packed with strategy, wisdom, and real-world advice.   Key Talking Points of the Episode   00:00 Introduction 01:15 Who is Richard Ross? 01:44 The mission of Quinn Residences 02:24 Providing a completely maintenance-free lifestyle 03:10 How Quinn Residences scaled to 5,200+ homes and 34 communities 04:06 The research behind market selection: jobs, retail, schools 05:38 What residents care about the most 06:24 Smart tech packages: cameras, leak detection, security features 08:25 How getting fired was a turning point in Richard's life 09:22 Why you should never burn bridges in business 10:02 Why niche focus matters if you want to succeed 11:11 Long-term trends that drive lasting success in real estate 14:07 How Quinn Residences plans to scale from 5,200 to 10,000 homes 15:33 The value of patience to your success  16:35 Why sticking to one property type accelerates growth 17:53 Exploring other niches: ADUs, vacation rentals, senior living 19:14 Hometown Heroes program: offering rent discounts to first responders 20:09 The importance of resident feedback, reviews, and surveys 21:06 Amenities that matter: pet-friendly features and tech access 22:09 The power of networking in trade shows and industry events   Quotables   “We don't follow fads. We follow long-term trends and fundamentals.”   “Relationships are everything. You never know where your next opportunity will come from.”   “In real estate and life, patience is the secret weapon most people never use.”   Links   Quinn Residences https://live-quinn.com/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

In this finale of our Financing & Funding Series, Suzanne and I tackle one of the most powerful tools in real estate investing – private money loans. If you've ever felt like the lender holds all the cards, this episode is for you.   We cover why private money is so attractive, how to find the right lending partners, and most importantly, how to position yourself as a serious borrower that lenders love working with. You'll learn how to build real relationships, prepare your paperwork like a pro, avoid red flags, and unlock a repeatable funding process that fuels long-term growth.   Whether you're closing your first deal or scaling to 100+ units, this episode is loaded with strategy, practical advice, and real talk about how to get better, faster funding with less friction!   Key Talking Points of the Episode   00:00 Introduction 00:44 Why private money is so attractive 02:15 Educated borrowers = better relationships, repeat deals 03:50 Do your homework: documents, checklists, vet your lender 05:04 Building rapport with your loan officer is a game-changer 06:26 Fast-track funding starts before the deal: documentation, LLCs, clarity 08:08 Know the terms: prepayment penalties, interest rate buy-downs 09:23 Green flag: lenders who ask the right questions first 11:22 Track record, credit, and cash flow: how to get preferred rates 12:26 Focus on a few great lenders and don't spread yourself too thin 14:03 Referrals, networking, and relationship ROI 15:14 Why you need an LLC before submitting a deal 16:13 Proactive, prepared, and professional wins every time   Quotables   “You don't need five lenders—you need two great ones who believe in your vision.”   “The best deals start before the deal: document checklists, LLCs, and a clear process.”   “Private money is about speed and flexibility, but it only works if you do your part.”   Links   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

Tim Herriage shares his journey from high school to a $7 billion real estate investor, highlighting his involvement in 2,500 houses and 150 loans totaling $25 million in the past year. How Tim Herriage Has Been A Part of $7 Billion In Real Estate Transactions | Video Replay https://youtu.be/ddFdNzwDp70 Review and Score Your Sales Calls for FREE! objectionproofselling.com/ai To Close More Sales Faster: closemoresales.com/salesmasterclass The Collective Genius Connect with the top Real Estate Operators in the Country and Get Access to Capital for your deals. Visit: www.100PercentMoney.com MOTIVATED LEADS Get a $300 Credit When You Mention STEVE TRANG when you contact us. https://www.motivatedleads.com/ Objection Proof Selling Sell As Your Authentic Self https://objectionproofselling.com/ How Tim Herriage Has Been A Part of $7 Billion In Real Estate Transactions Tim Herriage | Ternus RCN Capital https://www.facebook.com/timherriage https://www.youtube.com/c/timherriage https://timherriage.com/ https://www.ternus.com/ https://rcncapital.com/ https://www.instagram.com/timherriage Tim Herriage – CEO of Ternus, Inc. & Real Estate Investment Leader Tim Herriage is the CEO of Ternus, Inc., a real estate finance company built by investors, for investors. With over 20 years of experience in real estate investment, private lending, and capital markets, he has been involved in $8 billion+ transactions and acquired nearly 2,000 properties. A pioneer in the industry, Tim co-founded Blackstone's B2R Finance (now Finance of America Commercial) and played a key role in RCN Capital's national expansion. He also founded REI Expo, the largest real estate investor trade show in the U.S. At Ternus, Tim leads a mission to provide fast, transparent, and investor-friendly lending solutions, including 100% financing options. Through Regulation Crowdfunding (Reg CF), Ternus allows individual investors to become shareholders, keeping real estate finance in the hands of real investors. A former U.S. Marine Corps Intelligence Analyst, Tim applies a disciplined, mission-driven leadership style. He also hosts the "Real Investing for the Everyday Investor" podcast, sharing practical real estate insights. Based in Rockwall, Texas, he lives with his wife, Jennifer, and their two sons. Tim is passionate about helping investors build wealth and legacy, believing real estate should be about real people, not Wall Street. How Joe Went From Homeless To A Million Dollars In The Bank | Takeaways 1. Delaying gratification and investing wisely can lead to exponential wealth growth (e.g., $1 million at 30 can become $130 million by 65 if invested smartly). 2. Learn from your own mistakes, not just others' - personal experience is the best teacher. 3. Core values matter: Tim's STARS principle (Speed, Transparency, Accountability, Respect, Service) guides his leadership approach. 4. The importance of having a clear vision and mission in business, beyond just making money. 5. Continuous learning is key - always be eager to learn, attend masterminds, and stay connected with industry trends. Get 10% OFF on InvestorLift. Use promo code DISRUPTORS. Earn MORE in wholesaling—FAST! https://get.investorlift.com/disruptors/

Welcome back to Uncontested Investing! In this episode, we sit down with the powerhouse Tami Bonnell, Co-Chair of EXIT Realty, whose journey from cleaning homes at age 11 to leading one of the most impactful real estate organizations in North America is nothing short of inspiring.   Tami shares her story of grit, purpose, and people-first leadership—covering everything from her first sale at 13 to mentoring investors and agents through market cycles, building generational wealth, and finding alignment in life and business. We also dive into EXIT's innovative residual income model, creative financing solutions for investors, and how martial arts helped shape her mindset.    Whether you're a seasoned investor, real estate agent, or aspiring entrepreneur, this episode is packed with powerful insight and value-driven strategy.   Key Talking Points of the Episode   00:00 Introduction 01:00 How Tami got into real estate at 13 years old 03:10 Following up, showing up, and taking initiative 05:26 The power of goal setting and building an action plan 07:27 Why your brand must reflect your mission and values 09:59 Focusing on helping others see who they can become 11:18 The impact of Taekwondo on Tami's success 13:46 Why it's important to have an outlet outside of real estate 16:28 Deal Breaker/Deal Maker: The moment that shaped Tami's leadership 20:26 Navigating today's market by leveraging private funding 21:25 Understanding Debt Service Coverage Ratio (DSCR) 23:01 “What's the Word?”: Alignment and value 25:43 EXIT's residual income model: Retirement, legacy, and reinvestment 28:24 Fix & flip vs. BRRRR strategy: What EXIT agents are choosing 31:51 Retirement planning with real estate and residuals   Quotables   “You don't need a perfect business plan—you need an action plan.”   “If you're not growing in all areas of your life, you're not really growing.”   “Exposure to success stories helps eliminate limiting beliefs and creates possibility.”   Links   EXIT Realty https://exitrealty.com/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

In this episode of Uncontested Investing, we sit down with Yovonne Kenny, Executive Vice President of Preferred Floor and Tile and co-founder of the first National Rental Home Council in the Carolinas. Yovonne is a trailblazer in real estate and flooring, with over a decade of experience in business development and leadership. She shares how strategic networking, mentorship, and bold decisions helped her rise from sales and marketing to leading Preferred Floor and Tile as a nationally recognized brand in a male-dominated industry.   We discuss goal-setting, authentic relationships, and aligning personal and professional growth. Yovonne shares insights on mentorship, leading Women in SFR, and empowering future female leaders. This episode is full of actionable tips for scaling your business and influence!   Key Talking Points of the Episode   00:00 Introduction 01:45 Yovonne's journey from sales to real estate 03:04 Finding inspiration from leaders in the industry 04:21 Setting goals and scaling as a leader 07:06 How to approach building relationships in any industry 10:08 Learning to lead as a female in a male-dominated industry 11:21 Women in SFR: The vision for mentorship and community impact 15:03 Scaling Preferred Floor and Tile into a national brand 17:13 What Women in SFR has in store for 2025 18:59 Why “Give, Give, Give” is Yovonne's guiding principle 19:25 The most influential people in Yovonne's professional journey 22:15 Helping your team grow with your business 23:55 The importance of partnering with the right trades 29:07 The benefits of learning from your competitors   Quotables   “I never chose real estate—it chose me. I just kept saying ‘yes' to opportunities.”   “Authentic relationships are built by giving without expecting anything in return.”   “Give, Give, Give. The more value you provide, the stronger your network becomes.”   Links   Mastering the Rockefeller Habits https://www.amazon.com/Mastering-Rockefeller-Habits-Increase-Growing/dp/0978774957   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/  

In this inspiring episode of Uncontested Investing, we're joined by Janine Cascio, CEO of Simplending Financial, a trailblazer in private lending and an advocate for women in finance. Janine shares her journey from studying accounting to leading a nationwide lending company, emphasizing the importance of mentorship, mindset, and building a strong company culture. She discusses Simplending's growth strategy, the value of networking and education in real estate, and her passion for helping others achieve financial success.    Whether you're a real estate investor or an aspiring entrepreneur, this episode is packed with actionable insights and inspiration.   Key Talking Points of the Episode   00:00 Introduction 01:04 How Janine's love for math led her to real estate 02:19 Balancing company health with employee growth at Simplending Financial 03:30 Janine's leadership philosophy: “Always a student, always learning” 04:24 The challenges of building the Simplending Financial team 05:31 How Simplending uses local events and partnerships to grow its Houston presence 08:21 Mindset practices for team success 09:13 How Simplending Financial is leveraging content for marketing 10:25 Handling challenges in a competitive market with a focus on mindset and resilience 11:33 How to develop a strong mindset for success 13:01 Focusing on customer obsession to build trust and credibility 15:27 The value of support in building your confidence as an entrepreneur 17:11 How mentors have helped Janine grow as a professional 19:04 Networking and trade shows: Building connections and showing up consistently 20:53 She Thinks, She Believes, She Acts, She Receives 22:11 The future of Simplending Financial 23:57 What Janine is passionate about outside of business 24:34 How to get in touch with Janine   Quotables   “Always a student, always learning—there's no finish line when it comes to growth.”   “Networking isn't just about meeting people; it's about showing up consistently and building relationships over time.”   “Mindset is 95% of success—if you master that, everything else falls into place.”   Links   Simplending Financial https://simplendingfinancial.com   Janine Cascio https://www.linkedin.com/in/janine-cascio-33181869/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

In this engaging episode of Uncontested Investing, we're sitting down with Lee Rogers, President of Real Protect, a leading insurance provider for real estate investors. Lee shares his journey from growing up with a real estate attorney father to leading an innovative insurance company, discussing the challenges of providing customized solutions, fostering strong company culture, and leveraging mentorship and networking for professional growth.   Packed with practical advice and industry insights, this episode is a must-listen for real estate investors looking to protect and grow their portfolios.   Key Talking Points of the Episode   00:00 Introduction 01:16 How Lee got into real estate 02:55 Leadership principles: Patience, grace, and empowering employees 04:48 The culture at Real Protect 07:57 Customizing insurance for real estate investors 10:21 Understanding your insurance and the value of risk management 13:04 Technology and innovation in the insurance space 15:17 What is the Risk Management Toolbox from Real Protect? 17:26 How Real Protect stands out in the market 19:28 Taking Real Protect to the global market 22:15 The most pivotal moment in Real Protect's history 25:45 The power of networking and mentorship in building a lasting business 30:12 The future of Real Protect 31:27 What is Lee passionate about outside of real estate? 33:18 Where you can learn more about Lee and Real Protect   Quotables   “Patience and grace are the foundation of leadership; mistakes are just learning opportunities.”   “Real estate investors don't just need insurance; they need a partner who understands their risks.”   “Take every opportunity to network and build relationships—success is a two-way street.”   Links   Real Protect https://realprotect.com/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com

In this episode of Uncontested Investing, we are joined by Bryan Kester, CEO and Founder of Site Wire, a company revolutionizing the construction and real estate industries with AI-driven tools. Bryan shares his journey from a homebuilding background to becoming a tech innovator, discussing how he blends construction expertise with technology to streamline processes, scale Site Wire, and responsibly leverage AI for greater efficiency.    Packed with actionable insights, inspiring stories, and expert advice, this episode is a must-listen for anyone navigating the intersection of technology and real estate.   Key Talking Points of the Episode   00:00 Introduction 01:35 Who is Bryan Kester? 04:15 How Bryan's background in construction plays into Site Wire 05:55 The story behind Site Wire 08:38 Leadership philosophy: Balancing speed, employee growth, and company health 11:46 Books to help you succeed in life 14:22 How Site Wire focuses on the services they offer 16:58 The challenges and opportunities in using AI for real estate and construction 19:28 Expanding Site Wire nationwide and adapting to regional construction nuances 21:15 The importance of customer experience in Site Wire 24:23 The most pivotal moment in Bryan's career 26:56 How having mentors can influence your success 28:32 The importance of trade shows and networking in real estate 30:30 Staying focused, letting go, and finding complementary partners 32:05 The future of Site Wire 35:01 How you can connect with Bryan   Quotables   “Speed kills—in a good way. The faster you move, the more insights you gain, and the better your outcomes.”   “AI is a phenomenal helper, but you need to verify its results; it doesn't always know what it doesn't know.”   “At some point, you have to let go; find people who love doing the things you don't and empower them to succeed.”   Links   Site Wire https://www.sitewire.com   Bryan Kester https://www.linkedin.com/in/bryan-kester/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

In this insightful episode of Uncontested Investing, you'll hear from Barry Owens, CEO and founder of End to End Solutions. With over three decades of experience in the real estate industry, Barry shares how he went from starting in mortgage collections to leading a company that's transforming eviction management. He explains how End to End Solutions provides landlords with efficient, cost-effective services through a single point of contact for evictions, while sharing insights on leadership, business growth, and adaptability in a changing industry.    Whether you're a seasoned investor or just getting started, this episode will give you actionable takeaways and a fresh perspective on process-driven solutions.   Key Talking Points of the Episode   00:00 Introduction 01:31 What is Barry's background? 03:06 The challenges of founding End-to-End Solutions during COVID 05:20 How End-to-End Solutions became an expert in the eviction space 08:10 Why continuity of process is key to success 09:48 What makes End-to-End Solutions an efficient and cost-effective service? 10:55 Expanding beyond evictions for long-term success 12:32 How leveraging customer feedback can help innovate your business 16:30 Advice for investors transitioning between single-family and multifamily properties 19:01 The pivotal moment in Barry's career 20:36 The value of having a mentor 22:02 Importance of trade shows and networking in scaling a business 23:27 What the future looks like for End-to-End Solutions 24:50 How Barry unwinds and recharges for business   Quotables   “Continuity of process is the cornerstone of everything we do—it ensures efficiency and success.”   “Growth doesn't come from complacency. We're always asking, ‘What's next?'”   “Single-family and multifamily investments are entirely different beasts—do your research and stay prepared.”   Links   End to End Solutions https://www.e2eusa.com/   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

In this episode of Uncontested Investing, we're sitting down with Jonas Bordo, CEO of Dwellsy, to explore how his innovative platform is transforming the rental experience for both renters and landlords. Jonas recounts his journey from managing 60,000 rental units to founding Dwellsy, a startup prioritizing transparency and innovation in the rental market.   Jonas also introduces exciting new tools like CompIQ, a customizable comparables engine for investors. Whether you're a renter, landlord, or real estate investor, this episode provides actionable insights and inspiration!   Key Talking Points of the Episode   00:00 Introduction 00:30 Who is Jonas Bordo? 02:27 How Jonas balances the company health and culture 04:02 The purpose behind Dwellsy 05:29 What Dwellsy's mission statement means 09:03 The importance of innovation and openness in real estate 11:42 Leveraging data and technology to serve the rental market 13:35 What it is like to operate Dwellsy in the Bay Area 15:02 How did renters respond to Dwellsy's services? 16:21 Writing Everything You Need to Know About Renting But Didn't Know to Ask 20:41 The pivotal moment that changed Jonas' professional career 22:53 Jonas' rise to fame through Dwellsy 25:37 The value of coaching and mentorship to an individual's success 27:42 The benefits of trade shows in real estate 29:12 The future of Dwellsy 31:10 What is Jonas passionate about outside of real estate? 33:36 How to get in touch with Jonas and the Dwellsy team Quotables   “Renting should be a great experience, but for most people, it's not. We're here to change that.”   “Your network and mentors shape your success. Always look for opportunities to pay it forward.”   “Dwellsy is more than a marketplace; we're a data company that provides tools to transform how landlords and renters connect.”   Links   Dwellsy https://www.dwellsy.com   CompIQ https://www.dwellsy.com/compiq   Everything You Need to Know About Renting But Didn't Know to Ask https://www.amazon.com/Everything-Need-About-Renting-Didnt/dp/1637743920   RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/

Join Vee Le as she interviews Jeff Tesch, founder of RCN Capital, in this game-changing episode of The Real Estate Ballers Show! From the company's beginnings during the foreclosure crisis to originating over $6 billion in loans, Jeff shares insights on short-term vs. long-term loans, navigating rising interest rates, and the growing trend of ground-up construction. Learn how transparency and a solid track record can build success in real estate investing. Don't miss Jeff's invaluable advice for new and seasoned investors alike!Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”.  Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.Visit our website to get more information: https://reballers.com/ Episode Highlights00:00 Intro03:19 The Evolution of RCN Capital and Its Services06:13 Understanding Short-Term vs Long-Term Loans08:58 The Advantages of Partnering with RCN Capital16:24 Navigating the Rental Market and Interest Rates22:37 Ground-Up Construction: Opportunities and Challenges31:40 Future Trends in Real Estate Investing39:34 Advice for New Investors41:09 Connect with Jeff TeschPlease visit our sponsors, which made this episode possible: AirDNA: https://tinyurl.com/Air-DNA Anderson Advisors: https://tinyurl.com/Anderson-Advisors Baselane: https://tinyurl.com/Base-lane Buzz Vacation Rentals: https://pm.buzzvacationrentals.com/ NREIG: http://nreig.com/reballers Jet Lending: https://tinyurl.com/Jet-Lending Wizehire: https://tinyurl.com/Wize-Hire ✅ Stay Connected With Us.

In this episode, we sit down with Levi Blum, Chief Financial Officer of My Partner Loan, to explore his 15+ years of experience in the mortgage industry and real estate investing. Levi shares his journey from buying duplexes to becoming a private money lender, offering insights into customized loan solutions and how treating clients as business partners drives success.    Tune in to learn actionable strategies for financing your business or real estate goals and how personalized financial solutions can make all the difference!   Key Talking Points of the Episode   00:00 Introduction 01:11 How Levi got into real estate investing 03:47 How Levi's professional background helped him in real estate 05:30 Providing solutions for small businesses 06:55 How My Partner Loan grew to the business it is today 09:43 The power of networking through social media in real estate 12:35 The best way to approach social media as an entrepreneur 15:18 Why Levi decided to start an educational blog 17:37 The benefits of trade shows for real estate investors 19:36 How My Partner Loan takes care of its customers 22:37 The most pivotal moment in Levi's career 25:13 Getting education through Youtube 26:41 What the future looks like for My Partner Loan 28:08 What Levi is passionate about outside of real estate 30:43 How you can connect with Levi   Quotables   “You have to build trust. People wanna know that you are real and that's why you basically have to post a lot – a little bit about yourself, a little bit to uncover your life and your family.”   “I figured they have to learn, they have to realize how it's not rocket science to invest in real estate. You just have to be in touch with the right people.”   “What I've realized in financing, when you finance a property purchase or when you're refinancing, when there's too many people involved in the transaction a lot of things fall through the cracks.”   Links   Levi Blum https://www.linkedin.com/in/levi-blum-3630b9189/ leviblum@mypartnerloan.com   My Partner Loan https://www.mypartnerloan.com   RCN Capital https://www.rcncapital.com/podcast  https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/ 

In this episode, we sit down with John ‘Jack' Kiley, CPA and managing partner of MidAtlantic IRA, LLC, to explore the power of self-directed IRAs in building wealth. With over 30 years of experience in public accounting, Jack shares his expertise in tax strategies, retirement planning, and financial growth for high-net-worth individuals and closely held businesses.    Tune in to learn how Jack combines his roles as a CPA, entrepreneur, and real estate investor to help clients unlock new opportunities through self-directed retirement strategies!   Key Talking Points of the Episode   00:00 Introduction 01:20 How Jack got into real estate investing 02:51 The benefits of Jack's financial background in real estate 04:02 Real estate strategies that worked for Jack 05:16 How new investors can succeed in real estate 07:01 What makes Jack Kiley successful? 08:59 The story behind Midatlantic IRA 10:22 What it's been like to build the Midatlantic IRA team 12:00 What self-direction is really about 13:14 How Midatlantic IRA is providing education to individuals 14:32 What people in strategy groups learn from Jack and his team 16:02 Why it's important to understand how self-direction works 17:11 What makes Jack an expert in self-directed IRAs 19:33 The most pivotal moments in Jack's career 21:02 How networking has helped Jack in growing Midatlantic IRA 23:14 How mentorship has impacted Jack's success 25:26 What the future looks like for Midatlantic IRA 26:53 What Jack is passionate about outside of real estate 28:25 How to get in touch with Jack and his team   Quotables   “I view myself as a generalist. I might not have the answer to something, but I probably know someone that does – connecting those dots is helpful.”   “You have to be self-sufficient. You have to build streams of cash flow. You have to be able to provide for yourself or not just earn a living, you have to have something else.”   “We help each other and I think that's fairly common, quite frankly, in real estate.”   Links   Midatlantic IRA https://www.midatlanticira.com helloadmin@midatlanticira.com   RCN Capital https://www.rcncapital.com/podcast  https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/   

Justin Fordham, CEO of Fordham Enterprises, is revolutionizing real estate with cutting-edge financial and property technology, including 3D construction printing. With over 20 years of industry experience and a passion for innovation, Justin is on a mission to create sustainable and affordable housing solutions across the country.    Tune in to hear how he's leveraging technology to transform the real estate landscape and what it means for the future of housing!   Key Talking Points of the Episode   00:00 Introduction 01:15 How Justin got into real estate investing 02:07 The story behind Fordham Enterprises 03:56 Managing a workforce in 3DCP 05:25 What “tech-to-title” means at Fordham Enterprises 07:12 How leveraging AI can help you plan for the future 09:34 What 3D construction printing is solving for the real estate market 12:37 3D construction printing for multifamily properties 13:49 The biggest challenges in 3D construction printing 14:56 How 3D construction printing creates more sustainable housing 16:44 What strategy works in educating people about 3D construction printing 18:02 Exploring opportunity zones for maximum impact and affordability 21:44 How Justin turned his deal breakers into deal makers 23:12 The role of mentorship in achieving success 25:00 Justin's advice for new investors and entrepreneurs 26:21 Tips to help you get started in 3D construction printing 27:43 How Justin unwinds as the CEO of Fordham Enterprises   Quotables   “3D construction printing lets us build faster, more affordably, and more sustainably without sacrificing quality.”   “Your network is your net worth. Use it to expand your opportunities and resources.”   “Affordable housing is not just about cost; it's about sustainability and accessibility for the long term.”   Links   Fordham Enterprises https://www.fordham-enterprises.com/   RCN Capital https://www.rcncapital.com/podcast  https://www.instagram.com/rcn_capital/ info@rcncapital.com   REI INK https://rei-ink.com/   

Uncontested Investing is always ready to answer your questions and provide insights on different topics that will help investors move the needle in their businesses in real estate. In this episode, we're answering questions that you have sent in through the weeks to help you prepare for 2025 and what's bound to come our way.    Listen now to learn more about the things you need to keep in mind as a real estate investor entering 2025, what new investors should understand as they enter the industry this coming year, and how you can make the most of your investments despite market cycles!   Key Talking Points of the Episode   00:00 Introduction 01:10 What factors will affect interest rates in 2025? 03:15 Who are the people who can help you in a competitive market? 06:37 What kind of properties should you go after in 2025? 08:05 Diversifying your portfolio in 2025 10:10 Investing in mixed-use properties in 2025 11:07 AI and technology for real estate investing 14:42 Networking in 2025  18:16 Local REIAs vs National Trade Shows 21:17 What services can help investors in competitive markets in 2025? 24:49 What is the most pivotal moment in my career? 27:07 What type of investments should new investors start with? 30:52 What Uncontested Investing episodes have the most helpful advice for investors?   Quotables   “For investors that have already seen and done a lot of different property types, this is a type of environment from an economy standpoint where you wanna start diversifying your portfolio.”   “AI is something that all investors should be taking advantage of. Technology can be one of your best friends in this industry.”   “The local REIAs are much more convenient for an investor, but trade shows are really where you can take your business to the next level.”   Links   From $0 to $135M in Lending: Building a Lending Empire in Just Two Years with Brian Valdivia https://youtu.be/NgaNsCrXliY?si=L3zZDqV54yVtAQcN   Elevating Your Journey to Success through Mindset with Patrick Precourt https://youtu.be/tV3_UD7uwBI?si=uPENnJpt3bP3V5Ku   Why "Perspective" Will Always Work for Investing in Real Estate Successfully with Tarik Turner https://youtu.be/rDuI9fzhp3Y?si=ldjhA6-QVIcr0ihb   RCN Capital https://www.rcncapital.com/podcast  https://www.instagram.com/rcn_capital/ info@rcncapital.com   Website: REI INK https://rei-ink.com/ 

Ryan Deasy and Mike Doherty are the managing partners of Skytree Investments LLC, a private real estate investment firm based in Farmington, Connecticut. Ryan and Mike got into real estate investing for different reasons but came together ultimately for the same purpose – to grow and succeed through real estate investing. From their first investments to building Skytree Investments, they reveal the lessons learned, the importance of partnerships, and how they scaled their business. They also dive into their favorite marketing tools and insights on navigating economic challenges. This episode is packed with actionable tips for anyone looking to make a mark in real estate! Key Talking Points of the Episode 00:00 Introduction 01:45 How Ryan and Mike got into real estate investing 07:26 The beginning of Skytree Investments 12:20 How Ryan and Mike's background helped them in real estate investing 18:27 What strategies help Ryan and Mike navigate market changes 25:15 The platforms that help Ryan and Mike find great deals 30:25 How Skytree's marketing strategies help them stand out in the market 36:06 How hosting a podcast strengthens your brand 40:38 The most memorable and pivotal deals in Ryan and Mike's journey 46:05 How having the right team members can help you scale successfully 49:06 Why bigger isn't always better in real estate investing 51:08 What Ryan and Mike are passionate about outside of real estate 54:47 How you can learn more about Skytree Investments   Quotables   “Trust is the foundation of every successful partnership; without it, scaling is nearly impossible.”   “Someone will always need a roof over their head, no matter what the market does.”   “The real challenge isn't finding the deals; it's having the capital and the right partnerships to make them work.”   Links   Skytree Investments https://www.skytreeinvestments.com   Sky's The Limit https://open.spotify.com/show/4RLz8Jy9AQKw6YjAwQ4qZV?si=435e35028e734826 Ryan Deasy https://www.instagram.com/ryandeasyrei/   Mike Doherty https://www.instagram.com/mikedohertyrealtor/   Deal Machine App https://dealmachine.com   Launch Control https://www.launchcontrol.us   MileIQ https://www.mileiq.com   RCN Capital https://www.rcncapital.com/podcast  https://www.instagram.com/rcn_capital/ info@rcncapital.com   Website: REI INK https://rei-ink.com/ 

What makes you a great candidate for a commercial loan? Do you have to have stellar credit and money in the bank? Not necessarily. On this week's episode, Rich DeVito from RCN Capital shares a lender's perspective on how to access the funds you need to build your real estate portfolio fast.The Cashflow For Life podcast is about one thing: using real estate investing as a tool to create consistent cashflow every month for the rest of your life. Our mission is to help everyone in America buy their first 5 properties in the next 2 years, and have them paid off in 7 years. This is the 2-5-7 Cashflow For Life philosophy. Tune in to witness how ordinary people in our community have put this philosophy into action to increase their net worth and create consistent monthly cashflow as they continue their journey to build wealth for themselves and their families.

Michael Carrozzella is a loan officer at RCN Capital, but he has an extensive background in real estate investing, dating all the way back to his childhood. He grew up in a family of real estate professionals and that led him to venture into the same space, where he found success in building his portfolio and helping investors grow theirs through RCN Capital.    Listen now to learn the best way for new investors to learn about the industry and some nuggets from Michael that could help you if you're just starting out!   Key Talking Points of the Episode   00:00 Introduction 00:51 What is Michael's background? 01:44 When did Michael realize that real estate was a profitable business? 02:41 Who were Michael's mentors when he started out in real estate? 04:35 Why did Michael decide to join RCN Capital as a loan officer? 10:20 What is the best way to learn about real estate investing? 13:33 How can investors today achieve success in real estate? 15:29 How can new investors take advantage of online resources to find deals? 17:00 What types of deals should new investors be focused on? 18:42 How can investors today profit from flipping properties? 20:11 What is the importance of building relationships with general contractors? 22:37 What is the one thing that can make or break your deals? 24:41 What networking opportunities should investors go after? 26:00 How does Michael overcome doubts about being in real estate? 28:13 What is Michael passionate about outside of real estate? 30:02 What is the best piece of advice Michael has received? 31:31 How can you connect with Michael?   Quotables   “Finance is really something that does drive the industry because you're able to leverage money, you're able to leverage other people's money, and that's just something that can really help your business grow.”   “There is something very valuable about being able to drive to a property, go walk it, bring people that are on your team whether it's contractors, property managers, anyone in between, where you can get a full idea of what that property is.”   “It all comes down to where you feel comfortable and where you can find value up front, and then go from there.”   Links   LinkedIn: Michael Carrozzella https://www.linkedin.com/in/michael-carrozzella-845b26126/   Email: Michael Carrozzella mcarrozzella@rcncapital.com   Website: RCN Capital https://www.rcncapital.com/podcast    Instagram: RCN Capital https://www.instagram.com/rcn_capital/   Website: REI INK https://rei-ink.com/ 

This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. ____________________ Join the Mortgage Lending Mastery Community Today: YouTube: https://www.youtube.com/channel/UCIz6-AkN3rMajV8OHfbJ_zw?view_as=subscriber       Facebook: https://www.facebook.com/JenDuPlessis22   Instagram: https://www.instagram.com/jenduplessis/      Website: www.JenDuPlessis.com    LinkedIn: https://www.linkedin.com/in/jenduplessis/    LinkedTree: https://linktr.ee/jenduplessis Interested in joining the Marketer's Cruise? Go to https://marketerscruise.com/ make sure you scroll down and find my name as your referral when booking. Book a Strategy Call with Jen TODAY: www.ChatwithJen.com _________________________ BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices

This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the last 2 years, Uncontested Investing has been hosted by Tim Herriage – a seasoned real estate investment expert dedicated to empowering everyday investors. Tim has brought a lot of value to real estate investors all around the country by inviting guests, talking about news and trends, and introducing opportunities for investors to grow and further diversify their businesses and income streams.    This year, however, Tim has decided to pursue opportunities outside the podcast and in this episode, we're introducing Uncontested Investing's new host, Nate Zielinski.   Listen now to learn more about the reasons behind these changes, who the new host will be, and what you can expect from the podcast moving forward!   Key Talking Points of the Episode   00:00 Introduction 01:27 What is the purpose behind Uncontested Investing? 02:23 What will Tim be focused on in 2024? 04:16 What did Tim focus on in the last 2 years? 07:31 Why did Tim decide to move out of hosting the podcast? 09:33 What is next for Uncontested Investing? 10:25 Who will be hosting Uncontested Investing moving forward? 12:30 Who is Nate Zielinski? 16:09 How did Nate approach the idea of hosting Uncontested Investing? 18:26 How are people adjusting to the market today? 21:38 Why is it important for investors to learn to adapt to the market? 24:52 What is Tim's favorite part of real estate investing? 27:55 Why is it important for investors to stay focused on your ‘why'? 32:08 What is the biggest lesson Tim learned from RCN Capital? 37:10 What is Tim's advice for new entrepreneurs today?   Quotables   “The time to act is always now in real estate.”   “There's so many different layers to real estate investing that I think people need to understand, definitely educate themselves on, before they jump into it.”   “You must respect what they've done, appreciate the effort they've put in, and find a collaborative way to challenge the status quo – and it's difficult.”   “Stay focused and committed to your vision because your vision is what's special.”   Links   Book: Who Moved My Cheese? https://www.amazon.com/Moved-Cheese-Spencer-Johnson-M-D/dp/0743582853   Website: RCN Capital https://www.rcncapital.com/podcast    Website: REI INK https://rei-ink.com/ 

Robert Rakowski is the founder and publisher of REI Ink magazine - one of the industry's most reliable sources of data today. Robert is an industry expert with years of experience in different magazine companies and today, he is on the show to shed some light on the purpose of REI Ink and how it is changing the real estate investing industry.    Listen now to learn more about the story behind REI Ink, the work that is put into each issue, how it impacts the real estate industry, and what the future looks like for the magazine!   Key Talking Points of the Episode   00:00 Introduction 00:53 What is the story behind REI Ink? 02:00 What is the most important thing in real estate today? 04:18 What made Robert decide to focus on the real estate space? 07:36 Who is REI Ink's customer base? 11:24 What are the challenges of being in the magazine industry? 14:37 What is it like to manage a publishing team? 16:35 How do the articles published in REI Ink get written? 21:04 Why did REI Ink decide to partner with RCN Capital? 25:56 What is Robert's favorite part about getting a magazine issue published? 29:10 How does REI Ink remind people of the value of investors? 30:30 What does the future of REI Ink look like? 32:18 Where does Robert's sales background come from? 34:58 Who was the catalyst to REI Ink's growth over the years? 37:41 What is Robert's best advice for real estate investors today? 38:52 What is the goal of REI Ink for its clients? 44:36 What does Robert love the most about Uncontested Investing? Quotables   “We founded the magazine on customer service and it's amazing how far customer service goes.”   “Be careful who you listen to, find the experts in the field, and go with the data.”   “There's never a good time to start anything, so if you're presented with an opportunity, do it and figure out the details later. That's the way I look at it.”   Links   Website: RCN Capital https://www.rcncapital.com/podcast    Website: REI INK https://rei-ink.com/ 

The market may not be ideal, but according to a new survey, most real estate investors are feeling good about it as we hurtle toward 2024. RCN Capital's fall investor sentiment survey shows that nearly three in four investors think market conditions are better or at least the same as this time last year. Another three-quarters believe the market will either improve or hold steady for the next six months. Learn more about your ad choices. Visit megaphone.fm/adchoices

I had the privilege of first meeting today's podcast guest at a masterminds conference in Texas, and right away I knew he was somebody I could learn a lot from. After he left the Marine Core in 2001, Tim Herriage went on to flip over 2000 houses, attain the illustrious title of "Number 1 Homevestors Franchisee in the Country", be the first hire at Blackstone's "B2R Finance" (which later became Finance of America), and be appointed as the executive director of RCN Capital. And that's just scratching the surface. Sell your house, land or commercial property on: https://handsomehomebuyer.com/ Follow us on: TikTok: https://www.tiktok.com/@handsome_homebuyer Twitter: https://twitter.com/handsome_hb Instagram: https://www.instagram.com/handsome_homebuyer/ Pinterest: https://www.pinterest.com/handsome_homebuyer/ Linkedin: www.linkedin.com/in/charles-weinraub-94376116b --- Send in a voice message: https://podcasters.spotify.com/pod/show/charles-weinraub/message

Discover how to navigate market downturns and protect your investments with lending expert Tim Herriage. Gain valuable insights into real estate financing as he shares his expertise, helping you avoid pitfalls and maximize your returns. Listen until the end to unlock the secrets of both stability and success in the world of real estate.Key Takeaways to Listen forKey aspects of a successful career you should know aboutExpert advice on how to grow your lending companyCurrent challenges to getting real estate loans for investorsWhy it's a great time to invest in today's real estate marketsHow preparing financial reserves makes life easier for investorsResources Mentioned in This EpisodeFederal Reserve Board The Power of One More by Ed Mylett | Kindle and HardcoverApartment Syndication Due Diligence Checklist for Passive Investor About Tim HerriageTim is an accomplished real estate investor, entrepreneur, and Marine Corps veteran. As the executive director at RCN Capital and host of The Uncontested Investing Show, he has spearheaded over $2 billion worth of transactions, including a diverse portfolio of residential and commercial properties. Tim actively expands his real estate collection while providing loans and expertise to fellow investors in the industry.Connect with TimWebsite: RCN Capital | Tim HerriagePodcast: Uncontested InvestingThreads: @timherriageLinkedIn: Tim HerriageInstagram: @timherriageFacebook: Tim Herriage, EntrepreneurTikTok: @timherriageTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Need rental property financing? What about an investor loan that won't stop your cash flow? It's tough in 2023. With high mortgage rates and many veteran investors predicting a commercial crash, finding funding for your deal might seem impossible; but you're probably looking for loans in the wrong place. Novice investors run off to the same lender that helped them get their primary home loan, while experienced investors know of loan products that most couldn't even dream of.  To help get you a better mortgage, at a better rate, with less financing fatigue, is Caeli Ridge from Ridge Lending Group and Tim Herriage from RCN Capital, two of the most prominent investor lenders in the nation. Caeli and Tim know which loans work best for which investor, property, strategy, and price point. In this episode, they'll review loan products that could help you score better deals with fewer headaches, explain why today's high interest rates won't last, and uncover the REAL reason investors are giving up their low mortgage rates for more expensive mortgages. Caeli also goes in-depth on a new type of HELOC/home loan with lower interest costs that could benefit you IMMENSELY over the life of your loan. Tim also shares why he believes there WON'T be a commercial real estate crash and how financing investment properties could get even easier. If you're waiting to invest or want some signal that lower mortgage rates are returning, this episode is for you! In This Episode We Cover Investor-only loans that'll help you build a real estate portfolio faster  Mortgage rate predictions and why top lenders don't think high rates will last  Portfolio loans, blanket loans, and DSCR (debt service coverage ratio) loans explained  A new type of HELOC that leaves you with a lower interest rate  The commercial real estate “crash” and why top lenders DON'T think it'll happen  Where to find the perfect investor-friendly lender for your next property  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Kathy's BiggerPockets Profile Kathy's Instagram Connect with Caeli and Ridge Lending: Ridge Lending Website Ridge Lending Email Phone: Call 855-74-RIDGE Connect with Tim and RCN Capital: Tim's BiggerPockets Profile Tim's Socials RCN Socials RCN Capital Website Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-123 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Join Nick Lamagna on The A Game Podcast with his guest Tim Herriage a former intelligence offer and Sgt in the US Marines corps turned entrepreneur and real estate investor.  He has completed over $3 BILLION in real estate investment transactions, including buying 2,000 houses, 1,500 apartment units, 100,000 square feet of commercial space, and 10,000 loans to real estate investors.  Tim built and sold six companies by the age of 40,  taking Finance of America Public with Blackstone. Tim is currently the Executive Director at RCN Capital, a national, direct, private lender. providing commercial loans for the purchase or refinance of non-owner-occupied residential and commercial properties. The company specializes in new construction financing, short-term fix & flip and bridge financing, and long-term rental financing for real estate investors.  You can find Tim following his passion as a chef, eating bbq, spending time with family as well as hosting his podcast The Uncontested Investing Show!  He has a goal to be a billionaire and has risen to the top of everything he's committed to in and out of the military including being at one point the #1 Homevestors franchise in the country along the way he has managed to keep his integrity and stay true to his mantra of "Principles above all."  Don't miss this great episode where Tim shares incredible insights on his victories and mistakes you can now benefit from. Topics for this episode include: ✅ How To Get The Confidence To Become A Millionaire ✅ Common mistakes when scaling a business ✅ What are the most profitable real estate markets to invest in ✅ Housing Market predictions for 2024 ✅ What do lenders look for investors when funding deals ✅ The difference between growing a busines vs scaling a business  ➡️  ➡️  ➡️ Connect with Tim: timherriage.com Uncontested Investing Podcast Tim Herriage On Facebook Tim Herriage on Twitter Tim Herriage on Youtube Tim Herriage on Instagram Tim Herriage on LinkedIn Tim Herriage on Tiktok --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Jeffrey Tecsh is the CEO of RCN Capital LLC who brings a wealth of experience, insights, and a remarkable vision that has transformed the lending landscape. In this episode, Jeff will take us on a journey through his early days of private lending to the transformative power of RCN Capital by placing transparency, best practices, and customer-centricity at the core of its operations. Listen and learn the secrets behind Jeff Tesch's extraordinary success and his invaluable lessons on building a business that prioritizes integrity, excellence, and exceptional customer experiences!   Key Talking Points of the Episode   00:00 Introduction 00:40 Why Jeff's vision for the podcast is important? 02:48 What's Jeff's advice in today's market? 04:36 How did Jeff become who he is today? 05:53 Realizing how real estate investing works 06:58 How did he start his business 07:55 How did he start real estate investing? 09:07 How did RCN Capital start? 10:26 What did lending money look like when RCN Capital started? 11:22 What does RCN Capital look like after 13 years? 15:44 What Jeff has been most proud of with RCN Capital? 18:25 What are current and future transformations in the real estate industry? 20:44 Why is it important for RCN Capital to say what they do and do what they say? 21:43 Why is customer-centric focus important for Jeff? 24:06 Why is it important for RCN Capital to have in-house services? 26:51 What is RCN Capital's price strategy? 31:35 Jeff's advice to all entrepreneurs? 33:46 Why should you empathize with your employees? 35:33 What core values should your company have? 37:19 How did Jeff streamline his business? 38:59 What do the most successful investors do? 39:45 Why you should know your numbers 41:09 What is Jeff's advice to real estate investors today?   Quotables   “The investors over time that are the most successful are the ones that look at their model, stick with their game plan, and in good times and bad, don't vary from that model.”   “No matter what line of work you're in, your teammates are your lifeline.”   Links   LinkedIn: Jeff Tesch https://www.linkedin.com/in/jeffrey-tesch-5478412b/    FREE Giveaway: Uncontested Investing Giveaway Uncontested Investing Giveaway! (typeform.com)   Website: RCN Capital https://www.rcncapital.com/podcast    Website: REI INK https://rei-ink.com/ 

The Real Estate Mastermind Live is a live podcast turned radio show created for real estate investors who want to learn directly from top experts in various asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, along with Edward Brown of Pacific Private Money. Today's guest is Tim Herriage, the Executive Director at RCN Capital, and the host of The Uncontested Investing Show. Tim is not only a Marine Corps veteran but also a professional real estate investor and entrepreneur. He has been at the forefront of the Real Estate Investor (REI) space for over two decades. His accomplishments include being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance (now Finance of America), Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors® of America. Tim remains an active investor, acquiring single-family and multifamily properties across the United States while serving as the Executive Director for RCN Capital. Remarkably, Tim has successfully established and sold six companies before turning 40, including recently taking Finance of America public with Blackstone. In this episode, we will explore the following topics:The top lessons learned from 22 years of investing.The importance of having a track record.Whether investors are currently pulling back.The battle between supply and demand: Which will prevail?Common mistakes investors make when borrowing from RCN Capital.The most exciting markets in 2023 that we should keep an eye on.Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn

Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Jeffrey Tesch, CEO, RCN Capital Topics of Discussion: 1:56 - I always like to get started with our journeys to the mortgage industry. Tell us how you got into this business. 7:02 - 2023 is such a challenging year for lenders, where are people seeing opportunities in the real estate market despite rate increases and ongoing turbulence? 10:38 - Being a leader during hot markets is much different than challenging markets, like we're in today. What are some of the leadership values that can help companies navigate the tough times? 14:45 - How have investors been leveraging alternative lending products like non-QM loans and private money to be successful in today's challenging market? 18:55 - You've had a long career in financial services, what advice would you give a young mortgage professional just starting out? 21:05 - You've been a big supporter of the California MBA, for which I'm always grateful. Can you share with us why you're such a big supporter? To learn more about the California MBA visit www.cmba.com and don't forget to subscribe to our podcast and stay tuned for our next episode!

Tim Herriage is executive director at RCN Capital, a leading nationwide lender for real estate investments. In this episode, Tim discusses how to improve your chances of getting capital, how to be profitable in the lending business, and how to build a legacy by tracking net worth vs. cashflow.     Tim Herriage | Real Estate Background Executive director at RCN Capital Portfolio: 7,000 loans per year across 45 states Based in: South Windsor, CT Say hi to him at:  timherriage.com Best Ever Book: Start with Why by Simon Sinek Greatest Lesson: Do one more, no matter what it is. If I had just kept one more home per year, it would be about $10 million more in net worth. Start keeping assets now, and let time do its thing.   Click here to learn more about our sponsors: MFINCON BAM CAPITAL DEAL MAKER LIVE

Tim Herriage has over twenty years of real estate investing experience and knowledge. From starting out flipping houses in Dallas to completing over $1 billion in real estate transactions - he's the entrepreneur that's been through it all. Tim was a Co-Founder and Managing Director of Blackstone's B2R Finance, he founded the REI Expo and is currently the Executive Director of Retail Loan Development for RCN Capital. In this episode, Tim shares the ups and downs of his real estate investing career. We talk about how he got his start, his mentor Scott Horne, his experience during the housing market crash of 2008, the start of the REI Expo, how he was introduced into Blackstone, and where he is now in his career.

On this episode of Broker to Broker, host Marc Summers is exhilarated by the infectious energy and down-to-earth wisdom of  Maddux Mortgage Broker Owner, Mike Maddux! Mike's hunger for success in the wholesale industry is an inspiration that mortgage professionals can learn from. Mike's energy, pragmatism, and ability to get to the heart of a topic are all as refreshing as it is educational. With a diverse background in the Marine Corps, the fitness industry, and in the retail channel all before starting his own brokerage, Mike brings a lot of no-nonsense wisdom to the table, and it leads to significant takeaways in short order. In just this episode alone, Mike provides substantiated and immediately applicable advice for peer and client relationship building, social media and advertising, VA and DPA Programs, and so much more. Mike does 50% of his business in VA Loans. His experience with VA and DPA programs leads to some invaluable insight: “VA doesn't have really strict set guidelines on debt to income or credit, and that's why it is one of the best loan programs out there, because if you get an AUS approved eligible, then it works. And if you don't get approved eligible and you have to have it manually under it and you find an underwriter that doesn't have any overlays, that goes off the VA handbook and you can get almost anything approved. I couldn't be more thankful for the fact that 50% of my business is VA Loans because it introduces me to more Veterans, and they're super easy to get close with. So I'm like a kid in a candy store. Oh, you're in the army? I'd love to help you buy a house!”  Mike doesn't take no for an answer in fighting for his clients, and takes it a step further for clients that need access to DPA programs: “A lot of Down Payment Assistance programs specific to a state or a municipality are restricted to banks and credit unions. The biggest piece of advice I can give is to do your due diligence, find out if there is a way you can offer it, or what steps would be required for you to partner with said bank or credit union so that you can offer it. And, as a broker, provide a higher level of service than they're going to get from the loan officer at the bank.” Key Points: 1:30 A Roundabout Break into the Mortgage Business 4:20 Growth Mindset of an Up-and-Coming Brokerage 6:20 VA: The Pinnacle of Loan Programs 12:29 Diligence for Success in Down Payment Assistance 17:07 Navigating the Housing Market and Communicating with Clients 19:40 Social Media - Lead Generation Through Being Relatable 27:11 Get Prepared for 2024 by Staying Hungry This episode is sponsored by RCN Capital

In this episode, Kevin sat down with Jeff Tesch, founder and CEO of RCN Capital, to discuss his professional journey and the growth of his company. From a local operation to a national lender, RCN has seen tremendous success over the years. Listen in to learn more about Jeff's story and the meaning behind the name "RCN."

On this episode of Broker to Broker, host Marc Summers has an invigorating heart-to-heart with Broker Owner of Shields Family Home Loans and essential member of AIME's Veteran Homeownership Committee, Brian Shields. Brian shares exactly how he's brought his marketing, his business, and his overall well-being to a new level through being ‘Heart Forward' in everything he does. His social media presence and engagement are both incredible because he shares himself with his community. His peers, clients, and community all get to know him as a person just as much as they know his work.  Brian shares his effective, time-tested strategy of sharing yourself and personal, daily life as the model for video content creation: “We don't use it for marketing, we use it to provide for the communities and people that follow us. But, on the flip side, it does help because my audience realizes, ‘Oh, these are real, real people! They're not scripted, and they're not actors. So be as relatable as you can, very heart-forward. One of my favorite lines is ‘I don't have to ask for business as long as everybody knows what I do'.” “Go out and appreciate everything you got, and hold onto it with both hands.” Brian explains as he details his ‘Heart Forward' way of engaging his clients that builds community and trust. “Give your clients the attention that they deserve.”Brian's Heart Forward approach exemplifies the core of what makes brokers great resources for their communities: “Give your clients the attention that they deserve. These people are leaning on us. They're coming to you and me without even knowing who we are to say,' Hey, I want you to handle me, my wife, and my kids buying a house.' They're giving you that trust. We can't be desensitized to that. We've got to make sure that we're appreciating that and giving everything that they deserve and more. And with that, they'll never look for a mortgage broker anywhere else ever again.” Key Points: 1:18 Starting the Broker Side Hustle, to the Broker Lifestyle 6:16 Sharing Yourself and Life as Video Marketing Strategy 11:11 Responding to Engagement to Create More Engagement 16:04 Treating Every Conversation as a New Relationship 21:04 Remaining ‘Heart Forward' for Business and Mental Well-Being 27:27 Supporting those who Support You in the Community This episode is sponsored by RCN Capital

2022 was a great year and as we conclude the first season of Uncontested Investing, I want to look back on all the experiences and lessons, so we can take them into 2023 and use them to grow further.    Listen now to discover what I learned in 2022 and how these lessons and experiences have prepared me for this year!   Key Talking Points of the Episode   00:00 Introduction 02:09 How can you help us provide more value? 03:42 What should you be focused on if you wanna succeed in business? 05:08 Why is it important to always have a plan? 06:01 What has changed since I started in real estate? 07:00 How can you ensure demand in real estate? 11:09 What happened to me in 2022? 12:24 What is so important about surrounding yourself with like minded people? 13:38 What benefits can you get from joining masterminds? 15:45 How did RCN Capital get through 2022? 16:59 What is the importance of believing in delayed gratification? 18:09 How can you plan for your success effectively? 22:01 What is the true value of networking? 23:46 How can you overcome the challenges you will encounter? 25:45 What should you do this year to achieve success? 26:21 How were we able to execute the plan to start this podcast? 30:09 Why shouldn't you be buying using the same numbers from 6-12 months ago? 31:01 Why is it still a good time to buy real estate today? 32:25 When should you be looking for money for your deals?   Quotables   “What I found after 21 years in this industry is you don't know what you don't know. No one knows everything and everyone knows something.”   “The point is you've gotta have a plan and you've got to plan your work and work your plan, and don't let your work, work you.”   “You should not be hoping or wishing, you should be planning.”   “The thing about food, water, and shelter is as long as you provide a quality home at an affordable price, I think you'll always have demand.”   “When you network and meet other people, you actually get on the ladder where they're at. You can skip all the wrongs that they had to climb.”   “You have to wait, you have to have a plan, you have to work towards that end goal.”   “Having a plan and delaying gratification is the number one way to be successful.”   “Don't keep doing the same thing, expecting the same result – that's the key!”   “Now is the time to formulate your plan. Now is the time to get your capital in a row, then go execute on your plan.”   Links   Website: RCN Capital https://www.rcncapital.com/podcast   Website: REI INK https://rei-ink.com/   Instagram: Tim Herriage https://www.instagram.com/timherriage

On this episode of Broker to Broker, host JP Hussey sits down with Thomas Sloan, Certified Mortgage Advisor at Capital First Mortgage. Thomas shares his recent experiences of entering the Wholesale Channel just before the pandemic, and how navigating that environment was a crash course of how to succeed through the worst the mortgage industry had been since 2008. These experiences, in turn, made him a stronger advocate for his borrowers. It's evident that Thomas is a true mortgage expert and fiduciary – always looking out for his client's best financial interests. “The harder you work, the more you stay in touch with your borrowers,” Thomas states. “The more you pay attention to their pennies and try to save them money wherever you can – the more they appreciate you, then refer you. Most of my business is referrals from my borrowers to other people, not real estate agents.” Key Points: 2:44 From Hospitality to the Mortgage Industry 8:03 Becoming a Full-Time Broker 11:33 Working Lean with a Small Brokerage 15:57   Flexibility as a Business Model 19:57 Organic Leads Through Doing the Right Thing  25:46 Taking the Time to Educate Realtors 29:57 Humanizing Yourself to your Borrowers This episode is sponsored by RCN Capital

On this episode of Broker to Broker, host Marc Summers sits down with Eric Rotner, VP Mortgage Banker at Change Home Mortgage. Eric shares how he maintains a consistently growing mortgage business through developing long-term relationships with his industry peers & partners, and through return business & referrals from previous clients. This ensures a consistent stream of new referrals and contacts from both sides of mortgage correspondence. Eric maintains a strong core of real estate agent contacts, but most importantly, client contacts. “Get to know the person as a whole, that's going to enable you to guide them the best. I'm working with them on their first house. I'm working with them on their next house. I'm working with their friends. They're my older clients. I'm working with their kids as they come to the age of purchasing a home. It's not because I offered them the best rate. It's because they trust me.”  Key Points: 1:24 From College to Change Home Mortgage 6:38 First Contact with New Clients and Contacts 10:20 Resolutions, Common Ground, and Return Business 16:22   Dictating the Terms of the Mortgage Process 19:31 Established Realtor Partners and Past Clients 24:37 Tracking Connections and Referrals This episode is sponsored by RCN Capital

Is newer construction always better? Or is rehabbing an older property more beneficial? Eddie Wilson sat down with Nate Zielinski from RCN Capital to discuss where rates are going and what some of the benefits are of using a private lender versus going to your local bank or credit union. Plus, they chat about Nate's thoughts on new construction versus a fix and flip, which states he is seeing a jump in new construction in, and which markets he is seeing the most movement from. For more information, head to RCNcapital.com.

Is newer construction always better? Or is rehabbing an older property more beneficial? Eddie Wilson sat down with Nate Zielinski from RCN Capital to discuss where rates are going and what some of the benefits are of using a private lender versus going to your local bank or credit union. Plus, they chat about Nate's thoughts on new construction versus a fix and flip, which states he is seeing a jump in new construction in, and which markets he is seeing the most movement from. For more information, head to RCNcapital.com.

Tim Herriage is an active Real Estate Investor in Texas and Lender with RCN Capital. He will talk about how he has built his Real Estate Portfolio over time and how he plans to get to navigate this changing market. RCN Capital will Lend out $1.5 Billion this year to Real Estate Investors. He will share how to capitalize on the market in these changing times.

Today's guest is Tim Herriage, the Executive Director at RCN Capital and host of The Uncontested Investing Show.  Tim is a leading figure in real estate investment and an experienced entrepreneur–possessing a great portfolio and six companies under his belt by age 40. Tim is an active investor who has routinely used Private Money, investing in over 2000 houses and 1500 apartment units. He joins us today to share his methods and his insights on the near future of the real estate market.Listen to the discussion in this episode of Private Money Academy.Key Takeaways:Tim's career before and after using Private Money.Tim's introduction to Private Money.The role of Trust in raising Private Money.Where to find Private Lenders.Why should you use Private Money even when you have the means to finance your own investments?On the state of the real estate market and its near future.Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!Get it here for FREE: www.jayconner.com/moneyguideConnect with Tim:Instagram: https://www.instagram.com/timherriage/Twitter: https://twitter.com/timherriageFacebook: https://www.facebook.com/timherriage/LinkedIn: https://www.linkedin.com/in/herriage/YouTube: https://www.youtube.com/c/timherriageTikTok: https://www.tiktok.com/@timherriageBusiness Website: www.RCNCapital.comBlog: https://timherriage.com/

Welcome to the Real Estate Ballers Show. Our guest today is Tim Herriage. Being in real estate for over 2 decades and having started and sold companies, Tim is here to share his views on the current market environment and the keyed ingredients to his success. Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”.  Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long-term and short-term rentals.Follow us on Social Media:Instagram @reballersFacebook: https://www.facebook.com/REBallersLinkedIn: https://www.linkedin.com/company/reballers/Join our community:https://www.facebook.com/groups/1764098016997548Wanna be on our show? Email info@reballers.comConnect with Tim :Facebook: https://www.facebook.com/timherriage/Twitter: https://twitter.com/timherriageInstagram: https://www.instagram.com/timherriage/LinkedIn: https://www.linkedin.com/in/herriage/Tiktok: https://www.tiktok.com/@timherriageWebsite: https://timherriage.com/ Please visit our sponsor, which made this episode possible: Buzz Vacation Rentals, a premier short-term and vacation rental manager in Houston and Galveston, helps investors to maximize earnings on their investment properties.  https://buzzvacationrentals.com/If you enjoy the show, would you please leave us a short review on Apple Podcast? It takes less than a minute, and it really makes a difference in helping to spread the word. I also love to read them and share them with our guests!Disclaimer: All information, content, and materials available in these episodes are designed for educational and inspirational purposes only. We are not financial advisers. We only express our opinion based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.#therealestateballersshow #reballers #timherriage

RCN Capital's Chief Marketing Officer Erica LaCentra describes professional ghosting and how to handle it.

This week listen as Jen sits down with guest Tim Herriage, Executive Director at RCN Capital. Tim shares with us his tips on developing high cash flow using combination strategies between traditional rentals and other income streams in the housing market. BIO: Tim Herriage is the Executive Director at RCN Capital and host of The Uncontested Investing Show. Tim is a professional real estate investor and entrepreneur. For two decades Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Co-Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, as well as a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-one-year career. Tim currently purchases and repositions approximately 50 homes per year in the Dallas market through his various real estate companies while serving as Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made.  Connect with Tim: Website: https://rcncapital.com/ Social Media Handle: @timherriage on all platforms Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you know what to look for in a broker? Our guest Jeff Tesch from RCN Capital, is explaining what to look for when searching for a broker, why relationships are an integral part in his 12+ year business and how it gives the borrower security. Plus, he breaks down how to manage movement in the current fluctuating interest rate market. For more information and to get in touch with Jeff, visit RCNCapital.com.

Do you know what to look for in a broker? Our guest Jeff Tesch from RCN Capital, is explaining what to look for when searching for a broker, why relationships are an integral part in his 12+ year business and how it gives the borrower security. Plus, he breaks down how to manage movement in the current fluctuating interest rate market. For more information and to get in touch with Jeff, visit RCNCapital.com.

Thanks for joining us on another episode of Eat, Sleep, Invest. In this episode, Tim Herriage joins Bryan Driscoll to discuss the function and importance of lenders for real estate investors. Tim has worked in investing for over twenty years. He buys houses in the Dallas area, owns Airbnbs, has multifamily units, and is the Executive Director of RCN Capital. The company provides loans for investors in 46 states. Since Tim is an investor and lender, he understands everything from investing for big companies and smaller investors just getting started. He shares examples and real-life experiences about many facets of having a business. Time and Bryan talk about: How Tim's company sets up tiers for borrowing money for investments The importance of dealing with a lender and other service providers who will communicate in ways your feel comfortable with and that are efficient Common problems and scenarios in which the lender will likely turn down the loan Why coming prepared and knowing your credit score can help you get a lender How getting rejected for a deal can be a sign that you should not go through with the deal because it won't be profitable Examples of how mistakes will be made, but you can work through the situation with your lender when you are open and honest Stretching yourself by trying new things to keep life interesting and challenge yourself Why ending with your why and living the balanced life you want is an integral part of having a business The importance of diversifying your business and building a team to free up your time and slow down the hustle, so you don't burn out The difference between investing in the future and flipping to have the money to do all the other things you are passionate about The types of loans investors can get for getting different types of properties The basic requirements for getting a loan from RCN Capital   Learn more: RCNCaptial.com Call or text: 214-291-7150 therriage@rcncapital.com Bryanbbq.com  

The Great Recession was a worldwide economic downturn in 2008 that caused devastating effects on real estate and every business in general. That's why we're joined today by Tim Herriage, sharing his story of resilience in the 2008 recession and how he prospers in the real estate industry up to this day. Stay tuned to learn how you can do the same in the current market situation, and learn about investment transactions, acquisitions, and more!  Key Takeaways from this episode How to prepare and strengthen your business in a possible economic recession Predictions on interest rates' trajectory in the next few years How to deal with the current and future state of the inflation rate The importance of adapting the current generation's culture Refinancing cycle: Improvisation vs. desire What holds investors back from hitting the next level in their business References/Links Mentioned Failing Forward by John C. Maxwell | Hardcover and Paperback   About Tim Herriage Tim Herriage is a professional real estate investor and entrepreneur. For two decades, Tim has been on the leading edge of the Real Estate Investor (REI) space. This includes being the Founder of 2020 REI Group, Founder and Managing Director of Blackstone's B2R Finance, Founder of the REI Expo, and a Franchisee and Development Agent for HomeVestors® of America. Tim has completed well over $1 Billion in real estate investment transactions, including the acquisition of more than 2,000 houses in his twenty-year career.  Tim currently purchases and repositions approximately 50 homes per year in the Dallas, San Antonio, and Denver markets through his various real estate companies. Tim is currently an Executive Director for RCN Capital. Tim built and sold six companies by the age of 40 and enjoys empowering entrepreneurs and investors by sharing raw truths about the mistakes he has made. Connect with Tim Website: TIM HERRIAGE Instagram: @timherriage | @rcn_capital Twitter: @timherriage | @RCNCapital Facebook: Tim Herriage | RCN Capital YouTube: Tim Herriage | RCN Capital Tiktok: @timherriage   Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor.  Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com. Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins

In this episode we sit with CMO, Erica LaCentra, to talk about her journey from entry-level marketer to CMO. Erica talks about the importance of finding mentors that will help springboard your career.LinkedIn: Erica LaCentra - https://www.linkedin.com/in/elacentra/Website: RCN Capital - https://rcncapital.com/Instagram: og_ericaleigh - https://www.instagram.com/og_ericaleigh/

With the state of the marketplace and interest rates going up, will investors have a profitable 2022? Our guest Jeffrey Tesch, CEO of RCN Capital, talks about the impact rising interest rates and supply and demand has on investors. Tesch breaks down the strategy to achieve success in 2022 and one key factor that will impact how many deals you win. For more information on RCN Capital, visit RCNCapital.com.

With the state of the marketplace and interest rates going up, will investors have a profitable 2022? Our guest Jeffrey Tesch, CEO of RCN Capital, talks about the impact rising interest rates and supply and demand has on investors. Tesch breaks down the strategy to achieve success in 2022 and one key factor that will impact how many deals you win. For more information on RCN Capital, visit RCNCapital.com.

Curious about the latest data in the private lending space? What are the predictions for early 2022? Which loan products are coming back big time? You'll get these answers and more on this episode! Host Abhi talks with Erica LaCentra from RCN Capital, and she shares data analytics, real estate investment models that are rebounding and why, and so much more! For more, visit www.rcncapital.com

Curious about the latest data in the private lending space? What are the predictions for early 2022? Which loan products are coming back big time? You'll get these answers and more on this episode! Host Abhi talks with Erica LaCentra from RCN Capital, and she shares data analytics, real estate investment models that are rebounding and why, and so much more! For more, visit www.rcncapital.com

If you want to learn which strategies will help you WIN in this marketplace, then you need to listen to this! CEO of RCN Capital, Jeffrey Tesch, discusses the shadow marketplace, which niches are on fire right now, and how you can get ahead in this competitive market. Plus, inventory aggregation, in-fill construction, markets with the best opportunities, and so much more! For more from Jeffrey Tesch visit www.RCNCapital.com

If you want to learn which strategies will help you WIN in this marketplace, then you need to listen to this! CEO of RCN Capital, Jeffrey Tesch, discusses the shadow marketplace, which niches are on fire right now, and how you can get ahead in this competitive market. Plus, inventory aggregation, in-fill construction, markets with the best opportunities, and so much more! For more from Jeffrey Tesch visit www.RCNCapital.com

It's no secret there is an undersupply of homes and an overwhelming buyer demand right now. On this show, find out what the fundamentals of supply and demand mean for the marketplace now and into the future. How will the margins normalize? Listen to this to find out! Plus, strategic lender products that could work for your next investment! For more from guest Justin Parker, CFO at RCN Capital, visit www.RCNCapital.com

It's no secret there is an undersupply of homes and an overwhelming buyer demand right now. On this show, find out what the fundamentals of supply and demand mean for the marketplace now and into the future. How will the margins normalize? Listen to this to find out! Plus, strategic lender products that could work for your next investment! For more from guest Justin Parker, CFO at RCN Capital, visit www.RCNCapital.com

The COVID-19 pandemic changed the course of the real estate market, though the many pivoting tactics of investors allowed it to survive and even thrive. Today, the current opportunities turn away from ownership of single-family homes and into rental properties. Jay Tenenbaum and Seti Gershberg are joined by Jeff Tesch to dive into the continuing rise of rental homes and private lending, particularly in workforce housing. He discusses how this growth can be taken advantage of without neglecting their original business plans and why giving away postcards is now the trending marketing strategy. Jeff also explains what they have in store at RCN Capital, where he serves as its CEO, from the type of loans they are offering, their most effective real estate strategies, to how they plan to navigate through the industry's unpredictable future.Love the show? Subscribe, rate, review, and share! https://www.remastermind.live/

In this episode of HTH, Benjamin Sklar interviews David Young, a U.S. veteran and West Point graduate, and the director of business development at RCN Capital, a real estate private lender. David shares his thoughts with Benjamin on real estate lending, syndication, and note purchasing. If you're interested in business development, then this episode is for you. 

In this episode we have David Young from RCN Capital tell us all about the world of private lending: what it is, how it works, who might want to use it, where the money comes from and how it differs from traditional lending.  --- Transcript: Tom: Greetings and welcome to the remote real estate investor. In this episode, we're going to be talking about what investors should and need to know about private capital. We're connecting today with David Young of RCN capital to answer all of our questions. Alright, let's do it.   -Theme song-   Tom: Awesome David. Well, first off, thank you so much for joining us. And, why don't we start by telling us a little bit about yourself.   David: Thanks to Tom and Michael for having me, really appreciate the opportunity. Yeah. My name is David Young. I'm the director of business development with RCN capital. We are a direct private lender headquartered in South Windsor, Connecticut, just outside of Hartford. And we do lend nationwide. I'm actually located personally in Boston, remote to the office as are some of our employees. And my background is pretty diverse, prior to arriving at RCN where I got to RCN in 2014, the company started in 2010 in response to the previous financial crisis. If you will, now, we're certainly going through another challenging period, but if you go back to the 2007/2008/2009 nine meltdown RCN was started in response to that, and I'll get to that a little bit more. So my background is spreads across a variety of things. I graduated from the United States military Academy. At West point, I was in the army active for about seven and a half years upon leaving the service. I took on a variety of roles, many of which were oriented around sales business development. I had executive level positions as a division vice president as well. I also ran a small business in central Massachusetts as a VP running a outbound and inbound call center and a variety of other roles spread across a lot of different types of skills and levels of experience that cover a lot of different ranges of medical, home improvement financing, and several others as well.   Tom: All right, that's great David, let's jump right into the meat of questions around private lending. So a lot of remote investors, they like to invest with debt, lot of great benefits to investing with debt. And there's this decision right of private capital versus more traditional loans that you would get in your personal home mortgage. Why don't you break down some of the differences between private capital and a more traditional mortgage?   David: Sure. So, you know, the more traditional route of a mortgage say going to a bank of America or Wells Fargo and applying for your typical 30 year mortgage is certainly an option and might be the best option for somebody depending on their particular situation. In fact, private lending essentially exists and evolves in response to those that can't be served by the traditional sector. So it's filling a gap that isn't being met in the traditional sense. So, you know, a traditional mortgage may be suitable if there are no issues to consider in terms of, you know, damaged credit, if there's not an extreme or even a high sense of urgency in terms of time and being able to complete a transaction in a very rapid amount of time, perhaps if there is no issues with, you know, citizenship, you know, private lending, a lot of the firms such as ours will work with foreign nationals, you know, with traditional mortgages or other, you know, hoops, if you will, that you have to jump through. There's a lot more that goes into the underwriting with a traditional mortgage in terms of looking at income verification, tax returns and so forth. So, but again, it may be the right route. Generally, the rates are going to be lower and a traditional mortgage, as you see right now, 30 year mortgages are somewhere in the low to mid threes and on private lending, you're not going to be able to get that low, but that's because you're being represented in a different asset class and there's different variables that come into play. So why would somebody pursue a private loan in terms of making a real estate transaction? That could be a variety of reasons. Let's just look at a typical fix and flip, if you will. Timing might be very critical. Somebody might be analyzing an asset that they want to move on and they need to line up financing on that. There may be competition for that particular asset, perhaps there is perhaps there isn't, but either way investors tend to feel a sense of urgency when they identify something that they want to acquire and then renovate and eventually flip. So private lending, generally speaking is going to give you a much faster response time. In other words, you can link up private lenders, such as RCN capital and fairly quickly get through the process and get approved and actually get funded on that loan. Why? Well, there's generally a lot less that goes into the underwriting and there's general early, a lot less in terms of a regulatory issues and traditional banks, you know, going back to the bank of America in order to administer and process your typical mortgage, there's a lot of regulation involved. There's a lot of issues that they have to consider. They're not necessarily the ones that are thrusting that upon you. Those are things that they must comply with, private lending, not as much, for example, we're not at least in RCN and many others as well. There's no check on tax returns. There's no check on income verification in terms of you don't necessarily have to have a W2 type wage job in order to be approved. And it certainly wouldn't hurt, but you don't necessarily have to have that private lending, particularly if we look at hard money fix and flip, you know, residential real estate where RCN focuses on non owner occupied residential it's asset based. So the focus is on the asset itself. And then other key factors tend to be the experience of the borrower. So how many transactions have the borrower has the borrower completed? We tend to look at the last, most recent 36 months by verifying if their name is on entity that completed a transaction. And then there's going to be a look at other things like credit score. But for example, in private lending, there are requirements or expectations on a credit score typically lower. In fact, maybe even much lower than in traditional mortgages case in point right now, just in response to the COVID crisis. In some tightening of lending standards across the board, both traditional and private lending, a lot of your traditional banks have really ratcheted up their standards and expectations. Credit score minimums have gone way up liquidity requirements, et cetera, that in and of itself is going to bump a lot of people over to the private lending space and private lending. Currently at RCN Capital, the minimum FICO is 650. If you look across all of our product categories, you're not going to find that at a Wells Fargo. So speed, credit requirements, the ability to be perhaps a little bit more creative with an approach and how to go about getting something done and being rewarded much, much more so for the asset itself. So is this a good deal that you're going for? You know, that's going to be a very high concern to a private lender. Yeah, nd the experience that you bring to the table. So do you know what you're doing? Do you have the experience, do you have the liquidity to accomplish it? That is what really matters as opposed to what, you know, a Wells Fargo or bank of America is forced to look at.   Michael: That's a really great point. Yeah, I was just going to ask you, you mentioned it in passing hard money is private capital and hard money. Are those two synonymous or do they really differ?   David: Yeah, that's a great question. Now again, I've been with RCN since 2014. Initially I wasn't directly on the real estate side, but a lot has changed as RCN originated in 2010. What private money consisted of in hard money was what a lot of people I hear now refer to as you know, kind of the old school where, you know, you know, a guy who might know a guy who could get you alone. And then when we say asset based, I mean, it's, there may, there may not even have been, and this still exists today, by the way, we compete with this and RCN where leverage, LTVs loan to values. If you will, to keep it simple, tend to be lower and you're more old school had money, maybe even no doc may not have require barely any documentation. And certainly not necessarily an appraisal or even running a credit score and for the purposes of just adding it to a file. So now when you kind of, it's almost, you know, a point of contention or even something that people joke with each other about in the industry where, you know, hard money has really evolved into a much bigger and more sophisticated ecosystem where more money comes in, where there's more requirements like just looking at the FICO, FICO requirements, FICO minimums. A lot of that is tied to where the capital is originating from to fund these loans. So there's institutional capital that helps. And not in all cases, there are funds. Well, there are private investors that buy loans directly, but institutional capital tends to come with certain expectations. The FICO is one of those where you have to check the box. If you will, the old school, if you will hide money, probably shrug their shoulders at that. Um, they're not concerned with that. They're not necessarily concerned with an appraisal. They want to see the asset and they're going to protect themselves by, in all likelihood having a lower level of leverage, lower LTV we had prior to COVID essentially the whole private lending, hard money space fix and flip space was getting, you know, leverages, you know, up to 90% or even higher with some particular vendors out there where you were getting 90% of LTV, plus a hundred percent of the rehab funding to close a loan on a flip, as an example, someone doing your so-called old school, hard money. I mean, I haven't heard of anybody doing that high of leverage in that space, but it's still out there. There's those people that, whether it's a lot of times it's speed, somebody will close alone very, very quickly with minimal underwriting work done aside from looking at the asset itself. So there's still a market for that, but there's a lot to your question, a lot of crossover or kind of a lot of blending they're one and the same in some ways. And then they separate from each other as well in different segments of the marketplace, depending on who you ask, different people have different interpretations as well.   Tom: One piece you touched on is room for, I don't know is creativity is the right word, but there's a little bit more variability in the different products in that it's just, there's way less regulation I'd say on it. Would you mind touching on that on some of the different products that, and maybe one of the more popular products specifically as a remote investor that you guys originate?   David: Yeah. One of the ones that really took off, uh, heading into COVID and we've now just activated it again is our 30 year long term rental. Okay. So this is a 30 year fixed, fully amortized loan, much like what many people are familiar with with your traditional 30 year mortgage that we talked about a couple of minutes ago. So 30 year fixed non owner occupied residential. We have that available on one to four units. This really came into play. It. This really took off like a rocket, uh, in March of roughly in the spring of 2019. I don't remember the exact date when we launched it, to be honest with you up to COVID. This thing was already approaching 40% of our originations at that point. And it gives people a lot of flexibility. We could look at portfolios of assets, so you'd have investors out there with say they had 10 single family residences and they had 10 different financing situations on each one. Maybe two of them were with a particular guy. I know a guy who knows a guy who gave them a bridge loan a couple of years ago. Maybe one of them was with someone else. And there was just all spread out everywhere. The 30 year longterm rental, you could take a whole portfolio and roll it into one transaction and get that entire portfolio into a 30 year fixed fully amortized mortgage. At that time, back in February, you know, rates were getting as low as four 449 on that, which is very low for non owner occupied resi. So you had that, you had the ability to look at those assets. So you may have one particular, if we stick with that example, one house perhaps was not cash flowing as strongly as the others. You weren't necessarily penalized for that. You weren't necessarily told that that one couldn't join the party, so to speak. That one was weighed against the portfolio as a whole. So we could look at the whole portfolio, also look at the investors level of experience, their level of liquidity and take all of that into account to make a decision. We have an executive committee at RCN Capital that looks in each and every transaction and they can exhibit, you know, a certain amount of creativity, if you will, at any point in time to see if the transaction truly makes sense, as opposed to trying to run that through a large bank, traditional bank could potentially be an entirely different experience.   Michael: That's so cool. David, it's something I talk a lot about with students in the Academy about portfolio loans. It's something that I've used on the commercial side of things, and I think it's the best thing since sliced bread. So I've always thought that they existed for single families, but that's great to hear that they do indeed. So anybody listening that have spoken to me within the Academy about getting, go for portfolio loan, go call David Young at RCN Capital.   Tom: in coming up with what the rates are. Is there a little bit of a discount for larger pools, larger portfolios, or how does that typically work?   David: Yeah, that's a great question. So we have generally, you'll see, uh, and right now, as listeners are hearing this, uh, allow me to emphasize if I can, that things are changing very quickly. So in terms of pricing as a whole rates points and whatnot, we saw a very high level of liquidity is kind of sloshing around the system, heading into a COVID and then things really tightening up seizing up even, and then starting to now loosen up. We've seen changes on almost a daily basis over the last couple of weeks here at RCN capital. So the way those rates are determined, you know, in terms of the price at anything is which is, you know, in large part driven by supply and demand as things seized up and there was less or no liquidity for this paper and the secondary market, it became very difficult to price it, you know, because we didn't know what it was trading at when there was a lot more trading volume and activity on this paper and the secondary. Then you could determine pricing a lot more clearly. Furthermore, you had a lot more of the competitors actually active and lending in the last couple of months, people have pulled back. So we don't necessarily know what this company over here is doing because they've completely ceased lending at this current time. So a lot of that is supply and demand driven, how much volume and activity is there for this paper behind the scenes. And then that results in, you know, subsequent pricing that the retail sees factors that we look at from an underwriting standpoint, and to determine kind of how to bracket that again, back to experience and also the size of the loan. So generally speaking again, pre and post and kind of while we're still with COVID here for the time being, it's a little different, but generally speaking, more experience and a higher loan value dollar absolute dollar value would generally lead to better pricing to the retail client. And through our wholesale channels. My role primarily is with our correspondents that work on our private lending platform, other hard money lenders, private lenders out there in the community that are looking to leverage our infrastructure to grow. We also work in that capacity as well, but the pricing, the borrower's experience and the size of the loan, we have systems in place. Whereas the loan exceeds a certain amount in dollar terms, you may get some relief in terms of the yield. There may be some relief in terms of the origination, but those would be the two main things experienced in the loan size.   Tom: Got it. And for the kind of ongoing ownership, you know, so there's a secondary market where you guys are selling the mortgages that you guys originate from the experience of the person who was getting their loan originated, or do you guys ongoing service them after you, it, of the loan,   David: Yeah, depending on the product, but actually RCN Capital. What we have here is, is pretty unique in the industry. And I leveraged this a lot with our wholesale partners when they're looking to find somebody to work with in terms of a capital partners that we have essentially everything in house now, right now, a lot of folks are remote. In fact, almost everybody is given the scenario, but if you'd look past that for the current situation, when we talk about servicing the loans, yes, we have our own servicing team at RCN capital. A lot of lenders in this space are set up with a situation where they're outsourcing that, which is fine. That's a decision. A lot of people make. We actually did that ourselves for a certain amount of time and decided to internalize that and make that organic to RCN, to place that amount of value on the customer experience. So yes, we're doing that, not all do that, that also holds true for another good example is our legal team. A lot of these transactions involve, you know, somebody originating and kind of setting the table if you will. And then the actual closing of the loan document prep and so forth, working with attorneys, which that can be intimidating and frustrating as a whole to a lot of people that is sent out to some other entity to conduct that business where we have that internally. So we have that an entire legal staff. That's all they do all day long is work on legal issues, closing stock preps, et cetera. We have our accounting team, our marketing team and everything actually in house in RCN. And that really helps as well. Not only does that help the retail client by providing them, they get a loan from us that they're to get an exceptional level of service, everything under our control. If there's a problem, we identify it, we fix it. But also with our, you know, our B to B or our wholesale partners, if you will, other lenders brokers, when they choose to work with us, they have that entire team, all organic to RCN capital to support them and help them grow their business by using our infrastructure and platform.   Michael: Great. David kind of a specific question for you around some of our CMS product, but anytime someone's using hard money, they want to get out of it as soon as possible because it's typically more expensive than traditional lending. So do you guys have any type of prepayment penalties that would prevent someone from getting out or is that really too specific of a question it's kind of on an ad hoc basis based on the product?   David: No, that's a great question. It depends on the product. I'll walk you through each of them here briefly. So on our long-term rental. Yes, we do encourage investors to be, you know, fully aware and committed to the asset for that exact purpose. You know, long-term rental and holding of that asset. There is a five, four, three, two, one step down. In other words, you can choose, you know, at what level you are, what time period and what penalty would be associated with that if you were to try and refinance out of that loan. So, you know, obviously that's a big decision to make that you have to be aware of that on our midterm product, which actually now is presenting all kinds of interesting opportunities for investors. It's a two years of interest only we call it a two plus one and already has built in an option to extend for a year. We have this available on one to four units, multifamily five-plus and mixed use, as long as it's at least 51% residential by square footage. On that product, there's a six month prepay penalty. So if you think it through, if you were to enter into that product to interest only for two years, perhaps you have an asset that you do want to rent, but you're not entirely sure you could change your mind. You may try to sell it. You make, you know, you may rent it for a year. And then at that point, you may want the flexibility to see if you want to do something different with it. The two plus one with only a six month prepay gives you that exact flexibility because after six months you could theoretically enter into a new transaction to get out of that one without a penalty applying. So there's that on the short term, I won't get into specifics on that. It can be on a case by case basis, but there's nothing to dissuade you from completing your project as quickly as possible. You know, as a lender in particularly with the yield component, you know, there's origination, which are the economics kind of front loaded to the front of the transaction. And then there's the yield component in terms of collecting the actual payments as each month goes by. So there can be challenges that a lender or a transaction ends up being very short. There wasn't much time to collect yield, but again, we don't want transactions that drag out for long periods of time and have to ultimately potentially approach modification as well. So on a 12 month, you know, a flip, if you will, our transactions show that, you know, investors are not penalized for, you know, being expeditious and efficient with their work. And we also have incentives to, you know, not, uh, enable them or make them feel like they should consider trying to extend it or go past a certain point. We try and we want to position them so that the project is done efficiently. According to the data that we have that shows, you know, what success looks like.   Michael: Awesome. Kind of taking a step back and looking more high level at private lenders. I mean, you touched on it briefly, but who where's this money coming from to fund some of these loans?   David: That's a great question. When you let's compare it to conventional, you know, just here in COVID, this, this could go in a lot of different directions, but in COVID what we saw was the federal reserve came in and really just threw the kitchen sink at everything essentially. I mean, they've, they've done things that are truly unprecedented that that's cannot be overstated, but one of the things they did is something they've done before. They certainly did it as part of so-called QE, quantitative easing since the 2009 crisis, which was to come in and provide a backstop to mortgage backed securities MBS. Now, even just saying that they're going to do that can have a huge effect regardless of how many they ultimately buy, but those are the traditional mortgages that are originated from, you know, you know, Fannie Freddie type stuff from a bank of America type of transaction that are sliced and diced into exotic securities, and then sold the fed comes in and says, look, we'll back up those, you know, we're gonna, we got your back on that, that helped that particular sector kind of spring back from the depths of the COVID crisis, if you will. And private lending, you know, we don't have such a backstop from the government. So this money is coming from, you know, private capital sources. However, there's been a big evolution, you know, for a period of time, a lot of this was from a private, you know, private investors, private investors would form funds. So you might form a fund with a group of investors that has, you know, I don't know, $20 million together. And then that funds purposes to invest in these various private lending transactions in whatever area that they choose to focus on. So they're out there lending and recycling that cash and doing their thing. And that's with, you know, that amount of money that they've been able to put together. There's also one off transactions that occur when an originator may take a loan and say, look, here's a loan. We have, do you want to fund this? So they take this loan, it's a 500 K transaction. They present it to that particular investor and they get a yes or no answer. And it's funded that way. RCN can help in those scenarios where you run out of capital and then you can come and jump on our platform. If you happen to be in one of those positions, any of the listeners out there. And then as the industry grew, you know, you have yields here that are pretty juicy compared to traditional. You look right now. Uh, if I pulled it up, I know from looking recently, uh, the 10 year note is what around 0.7%. So you're lining the government money for 10 years, for .7% annualized. A lot of institutions are, you know, they have to do that, but if you can lend as an institution into the private lending sector for loans that are collateralized by real estate and get five, I don't know, I'm just throwing these numbers out there. A lot of pricing is bounced around, I don't know, five, 6% versus less than one on government notes, government bonds. Then that's certainly a decision that you might want to take a look at. So a lot of that, I think yield differential investor demands for yield, the thirst for yield. You've had interest rates just being destroyed down to nothing. You have negative interest rates in some parts of the world. A lot of folks speculate, you know, rates could even be driven negative here in the United States. So pension funds, you know, other people that manage money institutions, there's no yield. It's very difficult to get yield secured and then incomes private lending, where you have these loans that are backed by hard assets. And as the ecosystem grows, becomes more mature. You have more underwriting standards, you have more eyes looking at it. You have more ability theoretically to, uh, make better loans, uh, minimize the faults and kind of feed the whole beast, if you will. Institutions look and they say, Hey, that's pretty juicy yield. I wouldn't mind getting some of that. And then you have that type of money coming in institutional level. So say, you know, you have funds, people put funds together, you have private investors to do one off transactions and then institutional capital.   Michael: Super great description.   Tom: That's a great overview. I'd love to learn a little bit more about the different types of customers and the different flavors of customers that use private capital. So there's individual investors, perhaps there's syndications, I'd love just to learn a little bit more of the different kinds of avatars or profiles of people that use private capital.   David: Right, yeah. So back to our discussion on experience. So when RCN creates products and underwriting standards, generally speaking, that experience factor is huge. So we do lend to people that have no experience. In many cases, those are, you know, kind of a mom and pop, maybe, you know, an individual that's looking to get involved with their first flip transaction. And that person might be someone that could come from a variety of backgrounds. It may be somebody that was working with someone else on these transactions actually executing the labor, the work, you know, watching a project, go from A to Z with their own eyes, and then deciding that they want to dive in on their own. Maybe it's a husband and wife, couple that are, you know, have a little side hustle going on. So you've got that. You certainly have the mom and pops. Then you have the call it a small business. If you will, maybe that tends to have multiple projects going on at one time, they may have their own crew in terms of contractors and a more sophisticated setup in terms of having a, you know, a playbook on exactly how to execute a transaction and already having the resources lined up or even on their own staff, you have that. And then you have even bigger organizations that are doing this in big numbers. You know, maybe they may have 20, 30, 40 transactions going on at any given time. They may, you know, they talk in terms of flips. In many cases, they may flip a couple of hundred houses in a given year. You have that as well. We're also seeing, you know, more activity and more interest in the multifamily space. So multifamily five-plus units, you know, these are small balance apartments. Generally. I know in Boston and other areas on the East, you see these spread throughout the communities, a building that may have eight, 10, 12, 16 units. You know, there's estimates, there's about 10 million of these out there in the country. And those are starting to get more activity as well. And for those, you know, that's probably a project that's going to require more than just a couple of guys working together on a side gig and some more sophistication. So you see a variety of different flavors out there. You see people that have made this, their, their living. This is how they make a living. This is their job. This is their career. This is everything. So we've seen different variations.   Tom: Awesome David, I think people hear private capital or private money tossed around a lot, like we were saying before, and you've given us such a great overview and background of kind of the institutional side of things, if you will, but from a private lending perspective, if I'm looking for money and I happen to know someone that has some extra, could I just go ask them to lend it to me and I think work out some kind of agreement with them, or do I have to go through maybe the more traditional channels of private money?   David: Yeah. I mean, we have actually specific to my role. We have investors lenders, if you will, that were doing exactly that. Or maybe they may even still do that, where they are providing kind of one off direct transactions between themselves and an individual investor out there looking to flip a house or what have you. So to your question, can you do that? I mean, there's nothing that I could say that's could literally stop somebody from doing that. There may be other things to take into consideration in terms of making sure everything is within compliance. I mean, the compliance is certainly looser on the private lending side than it is on traditional, but you want to make sure that you're working with, you know, it may be worth considering to take a look at working with an established organization or entity. That's been doing this to ensure that all documentation is done correctly, to ensure that all procedures are done. They'd probably be, it's in their vested interest to help you, help you to look at the project and make sure it makes sense. And there's ROI available there for you to capture, obviously to be able to pay back, pay them back and make the monthly payments. So I, yes, you can still, you know, there's nothing stopping someone from, I suppose, from approaching an individual saying, Hey, do you think you could give me X amount of flip this house? And that's kind of how it all got going, you know, looking at, you know, maintain a certain leverage level minimum or no doc, you know, obviously securing with a lien, putting that money out, collecting interest, only getting it paid off and then getting the balance back, you know, your principal balance back. So there's nothing per se stopping you. I think there's other things to consider in terms of, you know, working with an established entity that, you know, has a strong reputation has done this before, and they may have a lot more options. You know, you're kind of guy on the corner of the street, if you will, may have certain options that might fit certain people, but you go to a lender such as RCN Capital, and there may be more choices there for you that might be a better fit to your situation after you take a complete and thorough look.   Michael: Okay, great.   Tom: That's awesome. I think we're, we're getting close to covering all the questions we have. I guess another question, practical question is geographic footprint. So do you guys have any limitations on where you originate loans?   David: Yeah, that's an excellent question. Anyone that's curious, it's a better description than here in me, you know, yap about it would be to go to rcncapital.com and see if I can get some traffic to our website. Here are capital.com and scroll down to the bottom. You'll see the map and that will show, but yeah, we can originate and close loans in the entire country everywhere except for a few States, Alaska, Oregon, Nevada, the Dakotas, Minnesota, Vermont. So the bulk of where the business is and where the volume is not nothing against those other locations where we're not currently able to do that. We have that covered. So any investor that is looking to do whether it's activity locally, or perhaps even dabble in other areas, you know, another benefit of an established entity such as RCN capital is the fact that we have that footprint nationally already. So we're already established in those areas. If you have something in Tennessee, great, but you may also have something in Oklahoma, we can do both of them. So we've got a pretty well covered.   Tom: My last question has to do with a product that I'm not that familiar with, but very interested. I'm just not sure I'm interested. If you guys carry it like a revolving credit where you can add properties in and out of a facility, do you guys offer any type of products like that? And this is a self serving question. Just something that I've heard about and just interested in learning more about,   David: Yeah. I mean, what I can say on that and thank you for that. It is a great question for investors with a certain level of experience, you know, a strong level of experience. If they get connected to RCN Capital and a loan officer, they can certainly take a look at pursuing what we would call a line of line of credit in the precise definition of that is probably not the best description, but we, it comes up a lot in the, in that, in those terms. And people use that to describe it. It's not exactly what it is, but we could potentially consider and look at that for someone with a certain amount of experience in the sector and has that documented and demonstrated. And what that could look at like is just use a million bucks to keep it simple. Perhaps someone being granted exposure of a million dollars every 12 month period, every annual designated period at certain terms. And in that case, they're, you know, why would it benefit them? Why would they care about that? It could be improvements in terms of speed and efficiency. If the borrower's already underwritten, ie. the entity, you know, on these short term loans in particular can only lend to a legal entity. So if that entity and the owners of it are already underwritten, then that's all locked and loaded. And now you're presenting each asset as you identify it and decide to move on it into the mix from an underwriting standpoint. So you still have to follow procedure, you know, appraisals and whatnot, but you've got some of the things out of the way to expedite the process and make it more efficient and make it a cleaner experience for your high volume, high experience clients. And that also would take into account. You may be able to add more fuel to the more logs on the fire in terms of supporting your own case, by adding in, like, if you have other things that contribute to your liquid net worth, you could provide that to perhaps support your case. If you're trying to obtain a certain amount of exposure that you're granted annually, you could look at doing things like that on.   Michael: Tom you gotta get on that.   Tom: I know. Yeah, definitely.   David: It sounds like, Tom was thinking about that one,   Tom: For sure. Yeah. Okay Michael, do you have any other questions?   Michael: I think that's it for me that this has been awesome.   Tom: David, this is great. Yeah. So we're going to end this David with a couple of what we call quick fire questions, and these are just general investing philosophy. It's great having smart guests, such as yourself, come on the show and just love your thoughts on this either or type of question. So are you ready to do it?   David: I'm ready unless you got a bunch of trick ones in there. Tom: All straight forward ones. All right. So consolidation or diversification. David: You want me to give a quick answer? Speaker 4: All quick answers, all quick answers. Yes. You can say both. I'll always... Speaker 1: I'll say both, I always tend to, when I, if I may, when I identify a trend, I tend to favor something. If it depended on my belief in it, I tend to consolidate, I'll give you an example, crypto. I can consolidate Bitcoin. I don't need to mess around with the others, but in other scenarios, I might favor diversification. Tom I think a good way to say that is either shallow and wide or deep and narrow. David: Yeah.   Tom: Deep and narrow, I like it. High property taxes or high income taxes?   David: Neither   Michael: That's the best answer we've had yet. Tom: High rent growth or low vacancy?   David: Probably say low vacancy. On that type of thing, I like to play it more safe.   Tom: Yup. Yup. Cashflow or appreciation?   David: I'm going to say cashflow. Cause I look at real estate as the primary benefit to me is a hedge against the inevitable destruction of your purchasing power over time. So I feel like that will happen when a hired asset, if it's chosen properly. So I'll go for the cashflow. If you pinned the two against each other.   Tom: Debt or equity?   David:   From the standpoint of real estate, debt.   Tom: Love it. Single family or multifamily? David: Tough to go against SFR right now.   Tom: I like it. Alright. Last couple of questions. Turn key or massive project?   David: How cheap did you get it? Being realistic, turnkey. You know, assessing my own situation.   Tom: Yeah. Midnight oil or early bird worm?   David: Early bird worm   Tom: Text message or email?   David: Neither. No, I'm kidding. I'm either, probably either.   Tom: Alright. And the last one kind of an off the wall, olive oil or butter?   David: Well, I do like that butter that is allegedly made with olive oil. Tried that on a steak and that worked out pretty well, but..   Tom: I know what you're talking about.   David: Yeah. It's olive oil or butter with olive oil. I'm not sure what brand it was, but I tend to use olive oil fairly consistently. So I have to be true to myself and to you and this excellent show we're on.   Tom: Awesome. Well, well, that's it. You made it through the quickfire questions. Want to give you a chance to yeah. Where can people find you get a hold of you and get ahold of RCN?   David: Folks can find the company at rcncapital.com, blue and white colors there. If you're Googling around looking for it, usually you'll find it. You can link up to myself. You could certainly shoot me an email if you'd like a first initial, last name dyoung@rcncapital.com. You can hunt me down on LinkedIn as well. Love to make connections with folks and expand the network and learn from people. So those are probably the best ways to get ahold of me and the company.   Tom: Awesome. David. Well, thank you so much for coming on.   Michael: David. Thanks so much. This was great.   David: Thanks guys. Really appreciate you having me and I'd love to do it again. Appreciate it. Thanks.   Speaker 1: Thanks again to David Young for answering our questions. Today's episode was brought to you by Roofstock Academy and we're running a special promotion right now. For a limited time you can receive a $100 discount with the promo code JULY4. With Roofstock Academy we have all these benefits: coaching, on demand lectures, the tools, the SFR paybook, on and on, but the Roofstock Marketplace credits just got that much sweeter. So initially it was a $750 credit when you buy, now it is a $2500 credit. So you buy Roofstock Academy and for your next 5 transactions you will $500 back at the close of your transaction. Happy Investing!       

The non-owner occupied properties are a huge market across the United States. It provides investors the power to acquire a property and rehab it back to livable standards. Jen Du Plessis interviews Jeffrey Tesch, the CEO of RCN Capital, about this great niche.  RCN Capital is a company that does small commercial loans to fund […]

The non-owner occupied properties are a huge market across the United States. It provides investors the power to acquire a property and rehab it back to livable standards. Jen Du Plessis interviews Jeffrey Tesch, the CEO of RCN Capital, about this great niche. RCN Capital is a company that does small commercial loans to fund the purchase and rehab of this type of residential and commercial properties. Covering the basics, Jeffrey starts by talking about who fits this market and who does not in relation to the mortgage lender. He taps into the best way for loan officers to transition and bring this product up and shares the reasons why people should take advantage of this market space in the coming 2020. Offering help to those who want to dive into non-owner occupied properties, Jeffrey also talks about the services RCN Capital have to offer and more. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Mortgage Lending Mastery Community today: jenduplessis.com Become a MLM Gold Member! MLM Membership

In this episode I interview Alex Crivelli - Loan Officer at RCN Capital - who will be providing you with valuable information regarding lending in the "fix and flip" space and will be going over some of the loan programs that RCN currently offers.

Managing Director and Co-CEO of RCN Capital, Jeffrey Tesch visits TR Radio to discuss how RCN Capital has taken the single-family rental space and provides products that benefit the borrower. Jeffery explains to listeners how his team has developed a product that gets borrowers in and out of loans and on to their next project. Abhi and Jeffery expand on how a limited supply of single-family rentals and declining interest rates in the past five years have affected this space. To learn more about Jeffery and his team’s model, go to RCNCapital.com. Power Play of the Day: Where do you fall on the real estate food chain? Greg Rand is here to share the importance of climbing the food chain, acquiring properties, and leaving behind your legacy.  

On this episode of Community Investor with Host Matt Benson, Discover what’s hot and what’s not in the real estate market.  Jeffery Tesch, Managing Director of RCN Capital, a national direct private lender established in 2010 joins Matt on the show to discuss real estate investment strategies and the difference between fix and flips and buy and hold. Learn more about your ad choices. Visit megaphone.fm/adchoices

The state of the secondary ticket market is David Young's focus throughout the day, as he helps foster RCN Capital's relationship with brokers to make the big sales with teams. Young refers to RCN Capital as the 'defacto bank' of the secondary ticket market, able to buy whole blocks of inventory with guarantees for sports franchises. Young discusses some of the issues surrounding the art of selling on the secondary ticket market, as well as some of the misconceptions about what resellers do and cannot do to help drive revenue as a distribution channel. Twitter: @RCNCapital