REI Central Podcast

Today's episode should be very helpful to our local investors. We chat with Rob Wade of LoanDepot about the financial/mortgage outlook over the coming months. Obviously, rates have skyrocketed over the last few weeks, which has changed many of our strategies, so Rob gives us some helpful opinions and outlooks on the mortgage climate presently and in the coming months. Rob is a preferred mortgage lender for many of our local investors because he speaks our language and understands our goals, so we're very glad to have him back to supplement the last episode where we discussed what a recession could look like. Of course, none of this is financial advice and we're never entirely sure of what can happen, but we hope this episode will be helpful as you plan your business strategies over the coming quarters.

Today is a pretty simple episode. In this episode, we discuss the current market and some potential outlooks for our market and greater economy as a whole. Of course, this is not financial advice and it's far too early to tell what will be happening in the coming months, but we do the best we can to discuss the current and future climate of the real estate market in the Charleston area. Don't forget to join us the 1st Thursday of each month at Palmetto Brewing Company from 6-8pm for the REI Central meetup!

We've got another heavy hitter today. Whit McCarty is Senior VP at Civic Financial Services. Civic is a private/hard money operation specializing in financing for real estate investors. Both Dan and Troy have used Civic for loans on flips or rentals. Whit has tremendous experience in the private equity world and is happy to share his knowledge. He has also recently relocated from California to the Charleston area and is doing a lot of investing here himself. He has a pretty significant portfolio in the Charleston area ranging from STRs to single family homes to multifamily assets. We're sure you're going to really enjoy this episode. You can find Whit at https://www.civicfs.com

Season 3 begins now! In this episode, Dan and Troy do their best to recap the crazy market that was 2021. We discuss a handful of Y/Y statistics from 2020 to 2021 and year end stats for 2021. We've also recently made the decision to do the episodes once per month due to scheduling conflicts. We hope you enjoy this episode and get some clarification on the market!

We took a bit of a hiatus due to Dan having a beautiful little baby girl and the Holidays keeping us all busy. But, we are back with a new episode! In this episode, we discuss wholesaling with Gabriel Johnson of OfferAbode. Gabriel is a partner of Troy's. Gabriel is very new to the Charleston area, but has some real estate acquisition and disposition experience from a stint with a big investor in Winston-Salem. Gabriel and his wife moved to Chloe shortly after lockdown began in 2020 and got started with his investing career in the Lowcountry. Gabriel is licensed with Maven, as well. Gabriel has acquired almost 20 properties in just less than a year and liquidated the right away using the wholesaling strategy. Gabe and Troy really like the freedom and flexibility the wholetailing process gives you as the owner as opposed to wholesaling/assigning the deal before closing. In this episode, Gabriel explains the ins and outs of wholetailing. In addition, Gabriel is also purchasing buy and hold properties through Abode Equity and plans to continue growing the passive side of his enterprises.

Today we discuss STRs (short term rentals) with one our good friends, Sarah Pursell. Sarah was an early adopted of Airbnbs and has been a host for a very long time. She has recent decided to focus on STRs more intently and has picked up 2 just this year. Today we just chat about some tips, tricks and potential issues too look out for while running an Airbnb. We also discuss some of the regulatory changes in the market.

Sorry for the long hiatus! Dan had a Babymoon and then I got Covid. We're back with great episode today. Dan and I have known Brandon Barnes of The Charleston House Guy fame for many years. Today he joins us to discuss his flipping and wholesaling business. Brandon is a master marketer and has a ton of experience negotiating. He used to be an acquisition representative for a large hedge fund and worked many markets during that time. Brandon and his wife, Maggie, have figured out how to work together and compliment one another's strengths to build a business that will create a lifestyle by design. Brandon has also had some hard knocks and shares some real nuggets with us. Enjoy!

It's time for a mid-year market update. We focus on the Charleston market, but get a little into Chas. vs National statistics, as well. No surprise here, but the Charleston market is still hyper competitive. We're starting to see a little slow down, but we do not yet know what the market will do. We plan to do a mid-year and year end update every year. We also got some new audio equipment! Enjoy the show!

We have another good one today. In this episode, we talk to our friend, Christopher Lam about his investing journey. Chris has a great story. He recognized early on that he would have to make himself uncomfortable to make himself comfortable. After a couple of tours oversees as a military contractor, Chris got himself to a place where he could begin investing out of state with some turnkey properties. The rest is history. Now Chris invests heavily with both flips and rentals. He has a ton of success with JVs and partnerships and has hyper-accelerated his investing recently. This should be a fantastic episode for our newer investors that don't know how to pull it off. 

Join us as we talk about the mystery and wonder of staying on budget and buying at the right price!

We finally got an insurance guy in to discuss the ins and outs of insurance for investors. Today, we welcome Blake Robertson with Goosehead Insurance. Both Dan and I have used Blake for different coverages and can attest that he is an awesome insurer to work with. Blake owns his Goosehead agency, so he has tons of experience and knowledge on lots of different insurance issues and topics. We focus on investment properties in this episode, but there are some really great nuggets throughout this episode in regards to asset protection and the insurance industry. Enjoy!

Where are you feeling stuck? WHO NOT HOW.

What are you passionate about? WHO NOT HOW.

What are you afraid of? WHO NOT HOW.

How do you want to impact other people's lives?  WHO NOT HOW.

We're excited to announce that 2 of our good pals and awesome investors will be creating an accessory REI Central podcast for you listening pleasure! Details are still in the works, but we want to make you all aware and excited for this new show! Please listed to Dan and I chat with Mark Pursell and Chris Cates about their new show that you can find right here on the REI Central Podcast channel when it's ready for distribution.

Season 2 starts now! Today, Sarah and Mark Pursell join us to discuss the ins and outs of being new flippers! Sarah and Mark are in many of our groups and masterminds and we have been very impressed with how quickly they have gotten up to speed with flipping multiple homes. They've figured out how to run a business as a married couple, all while they raise and homeschool 4 children at home. In this episode, we discuss their construction background, how they came to get their new real estate venture off the ground, the importance of your community, the value of coaching and how to systemize your business. This is a good one and we're very happy to have gotten to know Sarah and Mark so well. Enjoy!

It’s almost the end of 2020! I know most of us are excited to leave this year and all of its’ weirdness behind us, but it’s time to review our goals and set new goals for next year. 202 has been a serious outlier, so I’m sure many of us had to check expectations or pivot to make the best of it. Every year around this time, we reflect on our goals to see how we did. We also prepare ourselves to set our goals for the following year. These are habits that I have developed from listening to people like Russ Scheider, so today, Russ joins us to discuss how to set goals. We discuss SMART goals, the Wheel of Life and how to “back in to our goals”. This is a really valuable episode and we hope you will all agree. Please join us on Dec 3rd for the next REI Central event where we will talk a bit about goals. We do intend to have a slightly longer goals and mindset meeting in January that Russ will lead. I hope this episode finds you all well! Enjoy!