Real Estate Addicts

Marc Savatsky, Ray Hurteau, Dan Rubin
  • 5.0 (154)
  • Investing
  • Updated Daily

Marc Savatsky, Ray Hurteau, and Dan Rubin open up and discuss their own deals, budgets, and mistakes every Tuesday. Not guru content. The stuff that decides whether a project makes money: what a triple decker really costs to build now, the retroactive Newton tax bill that landed on unsuspecting condo buyers, the helical pile surprise that cut a deal's IRR from 70% to 40%, the eleven-week-old demo company doing $6K a week against a $20K burn. They read their own numbers on air, including the ugly ones. A typical week is some mix of: a breakdown of one of their active projects (an 1874 adaptive reuse in Amesbury, a Dorchester three-family held fourteen years, a waste and demo business), a guest who does one thing extremely well which include zoning attorneys, architects, labor lawyers, energy consultants and brokers. Ray's Multifamily Minute on the news that actually moves the needle, and a round of Overrated / Underrated / Appropriately Rated. Heavy on Greater Boston and New England, because real estate is hyperlocal and pretending otherwise is how people lose money. Useful anywhere the same problems show up: permitting, capital stacks, subs, tenants, and the gap between what the spreadsheet says and what the building does. For investors, developers, GCs, agents, and anyone still holding a W-2 while they figure out deal one. Co-hosted by Ray Hurteau, Dan Rubin (Instagram: @rhinvestgroup), and Marc Savatsky (Instagram: @choose_boston) Follow the Real Estate Addicts Podcast on YouTube: @RealEstateAddicts

  1. 6d ago

    #152 - Make Building Easier w/ Brian Vizarreta

    Brian Vizarreta has been acquired twice in four years, from StructionSite to DroneDeploy to Procore, and he came back to explain what all that money is actually betting on. He and Marc, Ray, and Dan get into facade mapping that finally settled a four-fix water leak, why the most valuable thing to ask an AI is what isn't there rather than what is, and whether any of this makes sense for someone building six-unit multifamily instead of $300 million towers.

  2. Sep 15

    #151 - Urban Development and Starting Your Own Site Work Business w/ Nicolas Beaujean

    Nick's first deal was a $50,000 Dorchester lot bought with no attorney, no due diligence, and a 13% hard money loan. Plus a deed restriction that took three years to kill. He walks Marc, Ray, and Dan through the code interpretation that turned $140,000 of steel into a $300,000 line item, why two "at cost" GC partnerships ended up in court, and how he found 40 to 50 percent margins hiding in site work and foundations.

  3. Sep 8

    #150 - Business Lab Featuring Circa Demo and Disposal w/ Special Guest Ricky Beliveau

    Eleven weeks into a new demo and disposal company, a text from the business partner laid it out plainly: $70,700 in revenue, about $6,000 a week, against a burn rate that requires $20,000 just to hold even. In this first Real Estate Addicts Business Lab, the hot seat opens the books on Circa Demo. The transfer station lines eating billable hours, the overtime nobody planned for, and the $15 hourly margin left after payroll taxes and an $80,000 truck. Listen in as Ricky Beliveau is back as we pull back the curtain on Marc's latest venture.

  4. Sep 1

    #149 - Shooting the Shit w/ Ricky Beliveau

    When a two-and-a-half-acre Weston lot landed in Ricky's inbox at a price he could hardly believe, his first thought wasn't excitement, it was "why am I getting screwed here?" In his fourth appearance he walks through the two-week due diligence sprint that followed, from the zoning attorney and the wetland flags to the 1943 setback rules that determine whether the whole thing pencils, plus what's quietly killing Boston projects and the helical pile surprise that cut one deal's IRR from 70% to 40%.

  5. Aug 25

    #148 - Rents Are Falling While Prices Keep Climbing

    Greater Boston's median single-family price just crossed a million dollars, and Marc, Ray, and Dan spend this episode explaining why the math no longer works for anyone hoping to build their way out of it. They dig into why a triple decker now costs seven figures to construct, why Boston's permit numbers have fallen to a fraction of what they should be, and the strange split where rents are softening while sale prices refuse to move.

  6. Aug 18

    #147 - Assessing, Retroactive Tax Bills and When to Record Condo Docs

    The guys trade war stories from the least glamorous corner of real estate. The assessor's office. They get into a retroactive Newton tax bill that landed on unsuspecting condo buyers, a phantom drainage easement that appears on the city's GIS map but nowhere in seventy-five years of title records, and the one filing that quietly turns a six-unit building into six far more expensive condominiums. If you own property, are underwriting your next acquisition, or have never once pulled your own property card, this episode will probably pay for itself.

  7. Aug 11

    #146 - Why We'd Rather Overpay Than Hire Employees

    A listener wrote in asking how you build a real estate empire when you're spread too thin to hire anyone — and the answer flips conventional penny-pinching on its head. The guys break down why the smartest operators gladly send a $100 Uber SUV to grab drip edge, tip drivers to wait, and befriend neighbors instead of drowning in thousand-cut tasks, all while AI quietly handles the admin. Along the way, they unpack the new realtor.com affordability report cards and why Indiana quietly took the crown, how Massachusetts and New York landed dead last, and what a negative new-construction premium really tells you about where to place your dollars.

  8. Aug 4

    #145 - Tenants Are Now Using AI to Sue Their Landlords w/ Caleb Wursten

    When a Massachusetts landlord discovered his tenants were using free legal aid and AI to exploit every loophole in the book, he stopped losing sleep and started building a weapon of his own. In this episode, Goodstander founder Caleb Wursten breaks down how he went from redeveloping Rust Belt towns like North Adams to creating a "landlord operating system" that scans your messages for legal risk before you hit send. From the brutal realities of eviction, security deposit traps, and hostile tenant laws to the ethics of AI giving legal guidance, this conversation is a must-watch for anyone who owns property in a tenant-friendly state.

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5
out of 5
154 Ratings

About

Marc Savatsky, Ray Hurteau, and Dan Rubin open up and discuss their own deals, budgets, and mistakes every Tuesday. Not guru content. The stuff that decides whether a project makes money: what a triple decker really costs to build now, the retroactive Newton tax bill that landed on unsuspecting condo buyers, the helical pile surprise that cut a deal's IRR from 70% to 40%, the eleven-week-old demo company doing $6K a week against a $20K burn. They read their own numbers on air, including the ugly ones. A typical week is some mix of: a breakdown of one of their active projects (an 1874 adaptive reuse in Amesbury, a Dorchester three-family held fourteen years, a waste and demo business), a guest who does one thing extremely well which include zoning attorneys, architects, labor lawyers, energy consultants and brokers. Ray's Multifamily Minute on the news that actually moves the needle, and a round of Overrated / Underrated / Appropriately Rated. Heavy on Greater Boston and New England, because real estate is hyperlocal and pretending otherwise is how people lose money. Useful anywhere the same problems show up: permitting, capital stacks, subs, tenants, and the gap between what the spreadsheet says and what the building does. For investors, developers, GCs, agents, and anyone still holding a W-2 while they figure out deal one. Co-hosted by Ray Hurteau, Dan Rubin (Instagram: @rhinvestgroup), and Marc Savatsky (Instagram: @choose_boston) Follow the Real Estate Addicts Podcast on YouTube: @RealEstateAddicts

Information

  • Creator
    Marc Savatsky, Ray Hurteau, Dan Rubin
  • Years Active
    2019 - 2026
  • Episodes
    153
  • Rating
    Explicit
  • Copyright
    © All rights reserved
  • Show Website
    Real Estate Addicts

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