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It's been about 3 years since we checked in with our good friend Ricky Beliveau and a lot has changed at Volnay Capital. We discuss the transition from smaller scale multi-family residential to developing much larger 100+ unit buildings and where we see the real estate market going.
The CEO of Volnay Capital comes on with Dave to discuss topics from real estate, foundation, money, and everything in between. These two old friend's share their expertise and really get into the nitty gritty of the business. Listen to this amazing talk to get the real information about what these two CEOs know!
Ricky Beliveau is a perfect example of hustle. He founded Volnay Capital while working full time in the corporate world. He was able to build his residential real estate portfolio with Volnay to be large enough to quit his job and work full time. Now he owns 4 real estate companies covering all sectors of real estate (ownership, development, brokerage, management). Ricky is a beast and if anyone wants to see how to run a business on social media check him out @VolnayCapital on Instagram.
If you live in an expensive market, this episode with Ricky Beliveau is a must-listen. Ricky shares how he used FHA loans to get started in the business and how it eventually built a large development business and buy and hold portfolio in Boston, MA. We talk about the importance of building "deal flow" vs. just finding deals, why relationships are so important, and how social media helped to grow his business. This is a great episode regardless if you're in the development business - we talk about core ideas that are constants across all niches/asset classes in real estate!Show Notes:4:00 Ricky shares his background before becoming an investor, and how he got into real estate. 8:10 We discuss how Ricky used FHA loans early in his career.9:30 Ricky shares how he moved from having a few properties to building a business. 14:30 We discuss Ricky's current investing method and what the core of his business is. 19:00 Ricky discusses what his acquisition process looks like and how he finds deals off-market. 22:00 We discuss why networking and looking for opportunities are critical aspects to growing a business. 25:00 We explain how the money will follow a deal and why it is essential to not chase deals, but rather create deal flow. 33:00 Ricky explains why it is better to focus on one area to become an expert in.35:30 We discuss why social media is beneficial for businesses and how it can build traction. 41:52 Ricky shares his biggest business-related failure. 45:50 We discuss what Ricky would do differently if he was starting his businesses over again. 48:27 Ricky shares his short term goals in his development business. CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/CONNECT WITH RICKYhttps://www.linkedin.com/in/richard-beliveau-b078385/http://www.volnaycapital.com/https://www.instagram.com/volnaycapital/?hl=en.
If you live in an expensive market, this episode with Ricky Beliveau is a must-listen. Ricky shares how he used FHA loans to get started in the business and how it eventually built a large development business and buy and hold portfolio in Boston, MA. We talk about the importance of building "deal flow" vs. just finding deals, why relationships are so important, and how social media helped to grow his business. This is a great episode regardless if you're in the development business - we talk about core ideas that are constants across all niches/asset classes in real estate!Show Notes:4:00 Ricky shares his background before becoming an investor, and how he got into real estate. 8:10 We discuss how Ricky used FHA loans early in his career.9:30 Ricky shares how he moved from having a few properties to building a business. 14:30 We discuss Ricky's current investing method and what the core of his business is. 19:00 Ricky discusses what his acquisition process looks like and how he finds deals off-market. 22:00 We discuss why networking and looking for opportunities are critical aspects to growing a business. 25:00 We explain how the money will follow a deal and why it is essential to not chase deals, but rather create deal flow. 33:00 Ricky explains why it is better to focus on one area to become an expert in.35:30 We discuss why social media is beneficial for businesses and how it can build traction. 41:52 Ricky shares his biggest business-related failure. 45:50 We discuss what Ricky would do differently if he was starting his businesses over again. 48:27 Ricky shares his short term goals in his development business. CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/CONNECT WITH RICKYhttps://www.linkedin.com/in/richard-beliveau-b078385/http://www.volnaycapital.com/https://www.instagram.com/volnaycapital/?hl=en.
Our guest today is Ricky Beliveau, a real estate investor with millions of dollars of assets and multiple development deals in Boston. In this episode, we talk about what it really means to be a developer, how to move from side-hustle investing to bigger development deals, and why a developer shouldn't do construction. Learn more about Ricky and his journey at reiclarity.com! “By that point, it was cash flowing over $6000 a month over the mortgage. And then I was off to the races.” 03:17 Ricky studied finance entrepreneurship in college and fell in love with real estate investing through one of his classes. His first deal was a 3-unit multifamily, where he did a house hack so he could live rent-free. Then he renovated the building in 12 months, and the property became cash flowing over $6000 a month over his mortgage. According to Ricky, the 2 best ways to make a property more cash flowing is to either add more value to it or increase the rent. He has a strategy on how to successfully talk to tenants about rent increases that he shares in the show. “The basics of development is adding additional value to a property through the uses of zoning or permitting”. 16:44 After his first successful rental properties, Ricky got into condo conversions. This meant that he bought a 3 family property, did the renovation, then split the single deed into 3 deeds, and sold them as 3 individual condos. This led him to do real estate projects, which eventually ended up in development. At first, he sold the whole property and had no involvement after closing, but now he also has a property management company and manages the association into the future. According to Ricky, a development deal is adding additional value to a property through zoning or permitting. Zoning or permitting deals usually works best on off-market properties, because it takes 24 months to finish. “A true developer never does construction” 35:20 Ricky learned from his mentors that a developer's job ends at the development so they should exit before the construction phase. However, he works with a general contractor who does the construction to further increase the profit on the deal. Ricky's development process: Acquire the property Develop with zoning or permitting Build with the help of a GC Sell or hold, or do both by staying as the property manager Mentioned in the show: http://www.volnaycapital.com/ ricky@volnaycapital.com https://www.instagram.com/volnaycapital/ Christopher Voss and Tahl Raz - Never Split the Difference Ryan Serhant - Sell It Like Serhant www.shineinsurance.com/reiclarity Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity. Special thanks to Ricky Beliveau for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts While your there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube - Blog - Podcast Facebook - Twitter
One good thing that has come out of this pandemic is that potential guests who have been in the pipeline for some time can finally spare a moment to join us on the show! One of them is Ricky Beliveau, who, through Volnay Capital and Evo Real Estate Group, does everything from development to renovations, brokering, and management. Ricky gets into the story of how he learned real estate investing after taking a college course about it and then describes his journey from his first house hack in 2010 to where he is today. He talks about moving from rentals into renovations and finally doing his own construction and shares many tips for smart ways to scale step by step. A big takeaway is an idea that mistakes have costs relative to the size of a project, so it's always a good idea to get your feet wet on something manageable first.
Ricky began investing in Real Estate back in 2010 when he purchased his first multi-family property in the Mission Hill neighborhood of Boston. Now, almost 10 years later, he has grown his original Real Estate investment into a multi-faceted business covering Real Estate Development and rental investment properties in Volnay Capital. For complete show notes, go to https://realestateinvesting365.co/Ricky-Beliveau
The Real Estate Addicts are joined onstage by Ricky Beliveau of Volnay Capital for a live-podcast at Boston Largest Real Estate Networking Event, The Real Estate Guild! We go over basics of finding investors for your first deal and the different ways you can structure that kind of loan. We discus the differences between being a custom homebuilder and a spec developer and the challenges inherent in each. We delve into the stressful side of being a ddeveloper and share a few of the many things that keep us up at night.
Our good friend Ricky Beliveau owner of Volnay Capital joins us on REA as we talk bout the business case for social media in real estate, scaling a real estate development business, outlook on the market, developing in less mature and tested markets, and we delve into failures, success and the role of luck and hard work in our careers.
Renowned developer Ricky Beliveau of Volnay Capital talks about how he got into real estate development, how his business has evolved, what he looks for in a project, Volnay Capital’s plans for the future, and how he sees the real estate market in Boston going. --- Support this podcast: https://anchor.fm/alexandra-salmon/support
Ricky has been a guest before and shared his Best Ever real estate advice and told us about his real estate business. Today Ricky is back to tell us about his social media division of his company. From tactical strategies to overall benefits of using social media, hear how a bigger presence on social media can help your real estate business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They want to be featured on our account and that has been incredibly valuable for us” - Ricky Beliveau Ricky Beliveau Real Estate Background: -Owner of Volnay Capital -Social media division Volnay Social Media has over 500,000 Instagram followers on 3 accounts -Specializes in both buy and hold as well as condo conversions -Currently have 8 development development projects in different stages in/around Boston -Based in Boston, Massachusetts -Say hi to him at -Best Ever Book: -Listen to his Best Ever Advice here: Join us and our online investor community: Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with . Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to to get started today!
Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.In This Episode We Cover:How Ricky started by borrowing money from his momThoughts on buying an expensive property in an expensive marketHow he got 4 signers and co-signers per unitTips for finding a property managerThe upsides to having a college rentalHow he achieves next to zero vacanciesHow he tenant-proofs his rentalsThe value of his property todayThe details of his next dealsHow to find these gems of propertiesWhat a condo conversion isThe average cost for condo conversion with an attorneyHow he sets the HOA upHow to tell if a property is good for conversionThoughts on keeping a day job while investingHow to find reliable contractorsWhat’s next for RickyAnd SO much more!Links from the ShowBiggerPockets MarketplaceBiggerPockets ForumsBiggerPockets ProBP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerEast Boston Project (Forum Post by Ricky)BiggerPockets AnalysisHow I Built This PodcastMindy’s Twitter AccountBooks Mentioned in this ShowFlipping Confidential by Kirsten KempTweetable Topics:“Let the experts do what they do well, and you can do what you do well.” (Tweet This!)“If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)“Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)Connect with RickyRicky’s BiggerPockets ProfileRicky’s WebsiteRicky’s Instagram ProfileRicky’s Facebook Page