Decode REI

Lidiya Korzhuk & Mina Rickey
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Decode REI

Join Mina Rickey and Lidiya Korzhuk on Decode REI, the podcast that unlocks the secrets of real estate success. As first-generation immigrants and experienced investors, they know firsthand the challenges and opportunities of breaking into the industry. Tune in for in-depth interviews with successful investors, clear-cut strategies, and analysis of the latest industry news. Each episode is packed with expert insights and practical tips to help you thrive in the world of real estate. Join our community and start decoding your way to financial freedom today.

  1. 10/18/2023

    059: Efficiency in Land Development with LandTech's Software

    Did you know that the average land developer spends over 100 hours manually sifting through zoning regulations and land data?    In this episode, Mina and Lidiya discussed the groundbreaking software of LandTech and how it can revolutionize the industry by saving days of time. Stay tuned to uncover the game-changing solution and grab a special discount!   [00:00 - 05:05] Introduction to LandTech's Revolutionary Software The software is data-driven and helps with land development deals Time-saving for zoning, future land use, and other information The software consolidates and simplifies complex data for non-experts   [05:06 - 09:57] LandTech Software's Versatility LandTech is a valuable tool for wholesalers, developers, builders, and DIY land developers The importance of staying ahead of the curve by locating land in areas of future growth The website is able to provide comprehensive property information The software plans to expand to cover more states   Want to connect with Calum? Follow him on LinkedIn. Visit LandTech, a trusted and experienced partner for niche asset classes!   Key Quote:   "Every innovation begins as a spark of imagination, where ambitious individuals gather vast troves of data to shape a brighter future for society and themselves." - Mina Rickey     Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.   If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    11 min

  2. 10/16/2023

    058: Innovating Real Estate Development: LandTech's Data-Driven Approach

    Get ready to uncover the hidden gems of real estate investing!    In this episode of Decoded REI, Mina Rickey and Lidiya Korzhuk join forces with Calum from LandTech, a groundbreaking platform that unleashes the power of real estate data. Wondering how a tweet sparked this incredible tool's creation? Curious about its impact on self-builders and developers? Stay tuned as we unravel the secrets of flood zones, wetlands, and the contrasting zoning codes in the US and the UK. And don't miss out on Caleb's exciting journey from the UK to Florida's red-hot market during the pandemic.    Calum Tansley is the Director of Revenue at LandTech and is heading up their US expansion. He joined the business in 2016 as the first sales hire and helped to take the company from $0 million in revenue to over $180 million in valuation at Series A over a 6-year period as Director of the New Business division. Since May this year, Calum has been focused on the LandTech US expansion and is overseeing all revenue functions. He is due to relocate to Florida in the coming months.   Join us for a vibrant discussion on Decoded REI, where we empower your real estate dreams!    [00:01 - 08:30] Introduction to LandTech and Its Mission LandTech is offers a comprehensive platform for real estate professionals Centralizes crucial data: ownership, zoning, future land use, permits, and hazards. Mission: simplify land and property opportunity evaluation for developers, brokers, and experts   [08:31 - 16:15] Exploring the Difference Between Flood Zones and Wetlands Flood zones indicate the risk of flooding with percentage risk Wetlands are wet areas like lakes, rivers, swamps, and cannot be developed In the US, zoning codes determine land use; in the UK, planning policy offers less detailed guidance   [16:16 - 32:07] Features of LandTech and Future Expansion Plans LandTech's expansion plan includes targeting high-demand metropolitan areas in the US Offers a multi-criteria property search and the CRM feature helps users organize property info Users receive proactive notifications about zoning changes and new opportunities   Want to connect with Calum? Follow him on LinkedIn. Visit LandTech, a trusted and experienced partner for niche asset classes!   Key Quotes:   "If we can simplify that and put it in one place, that saves our customers a lot of time." - Calum Tansley   "Entrepreneurship is all about identifying a market need and taking on the responsibility to create a solution." Mina Rickey     Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.   If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    33 min

  3. 10/11/2023

    057: Real Estate Insights with Bill Ham: Mastering Multifamily

    Get ready to unlock the secrets of real estate success! In this episode, Mina and Lidiya enter into a discussion that delves deep into the multifamily asset class. They uncover the fascinating story of Bill's journey from foreclosure to financial triumph, and you'll gain valuable insights into market cycles, interest rates, exit strategies, and more, all from a data-driven perspective. But that's not the end of it! Bill generously shares his wealth of knowledge through two remarkable books. Stay curious because you're about to learn why the market for non-performing notes is poised for explosive growth in the 2nd and 3rd quarters of 2021. Tune in now to kickstart your journey toward financial freedom, and let's examine the world of real estate investments together!    This is an invaluable chat about understanding how people and investments work together so that your wealth can grow over time. Take advantage of this captivating episode featuring one of the most successful investors!   [00:01 - 05:02] Unlock Financial Success Through Real Estate Investing  Bill, who has been in the business for over 20 years, is passionate about teaching people about real estate, especially multifamily investments He has two books: Real Estate Raw, which breaks down everything about multifamily and how to start, and Creative Cash, which reveals how to buy real estate with minimal upfront capital using innovative financing strategies Bill is data-driven and encourages people to find a mentor to guide them through the process   [05:03 - 11:30] Professional Approach to Real Estate Investing: No Pencil-Weaving Deals and No Emotion Bill’s books are high quality, very informative, and easy to read The value of prioritizing data and numbers over emotions when making investment decisions Bill taught the term 'pencil webbing' which means deals either work or don't work Evaluating banks' lending practices and tapping into the market for non-performing notes are critical aspects of real estate investment     Key Quotes:   “In real estate, winging it might work, but to truly harness the wisdom and experience of others, seeking a mentor is your key to success“ - Mina Rickey   “There's no attempt to pencil-web a deal; it's a straightforward matter of whether it works or not. Sellers, owners, and investors are given honest, upfront information, and anything beyond that simply isn't reflective of reality.” - Mina Rickey     Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.   If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    12 min

  4. 10/09/2023

    056: Bill Ham’s Strategies for Market Shifts and Multifamily Excellence

    Did you know that cap rates have been on a 15-year compression spree in the real estate market? Join Mina Rickey and Lidiya Korzhuk, immigrant success stories turned real estate gurus, while they discover this remarkable trend in their latest episode of Decoded REI. They sit down with Bill Ham, the go-to expert in real estate, to reveal why savvy investors must act now. Discover the secrets behind surviving short-term loan challenges in the COVID-19 aftermath, and gain priceless insights on decoding inflation cycles and predicting market trends. Plus, get a sneak peek into Bill's system at Broadwell Property Group. This episode is a goldmine of real estate wisdom – tune in and unlock the keys to financial freedom!   In this episode, Mina and Lidiya are joined by Bill Ham, COO of Broadwell Property Group, a real estate investor, speaker, and mentor. With extensive experience in managing apartments in the Southeast United States, Bill's passion lies in educating future investors. He has mentored hundreds of successful students and offers unfiltered industry insights without any sales agenda. Bill's expertise spans market cycles, making him a sought-after speaker and contributor to top real estate platforms. His knowledge covers passive and active investing, underwriting, capital raising, financing, market trends, and property management.     [00:01 - 14:37) Navigating Real Estate Market Shifts and Short-Term Loan Challenges Stay alert, recognize evolving market trends and stick to fundamental principles Short-term loan holders may face exposure as cap rates shift; $8 billion in loans due in Oct-Nov 2023 Learn as prices correct, understand loan types, avoid overpaying, and communicate with investors effectively   [14:38 - 29:01] Mastering Multifamily Investment Success Setting clear expectations and effective communication are crucial for building strong relationships in multifamily investing Two critical aspects of multifamily investing are understanding the “debt service ratio” and managing balloon notes effectively To mitigate risk in multifamily investing, it's essential to grasp market cycles, debt dynamics, and exit strategies   [29:02 - 36:09] Real Estate Investing and How to Find Good Deals To succeed in real estate investing, it's crucial to have a solid grasp of your financial numbers and a deep understanding of market data Ensure your offers reflect the actual market value of properties, guarding against the risk of overpaying and enhancing your investment potential Offering a 1.25 debt service ratio and a 25% down payment based on Net Operating Income (NOI), can help secure financing and protect your investment   Want to connect with Bill Ham? Follow him on LinkedIn. Visit Broadwell Property Group, a trusted and experienced partner for niche asset classes!     Key Quotes:   "Stick to the fundamentals, even when market cycles are unclear." - Bill Ham   “A good deal remains a good deal, regardless of the day of the week. If it makes sense, generates profit, and you can secure a favorable loan, it's a smart investment.” - Bill Ham   Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.   If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    37 min

  5. 09/27/2023

    055: Elevate Your Wealth: Brian Cohen on Maximizing Investment & Cash Flow

    Are you curious about maintaining consistent cash flow and running your properties efficiently? How can you ensure stability and growth in your investment ventures?   In this episode, Mina and Lidiya talk about Brian Cohen, an experienced investor, and owner of Andover Properties and Storage King USA. We have a deep dive into his illustrious career in the business world, from his beginnings in multifamily properties to his success with self-storage investments. Brian shares his insight on creating relationships with investors by running the properties well and ensuring they have consistent cash flow. He also touches on strategies such as cost segregation for those who choose to hold onto their investments for longer.    This is an invaluable chat about understanding how people and investments work together so that your wealth can grow over time. Take advantage of this captivating episode with one of the most successful investors!     [00:00 - 03:35] Brian Cohen: From Friends and Family to Institutional Investors • How Brian started Andover Properties and Storage King USA Initially focused on multifamily assets but pivoted to self-storage • Raised capital from friends and family, then developed a relationship with institutional investors • Brian is an amazing operator and a friendly, easygoing person who takes the time to answer questions   [03:36 - 06:00] The Benefits of Investing with Friends and Family and Cost Segregation • Why Brian wants to go back to friends and family investors • Keep properties longer and manage them correctly for cashflow • How you can invest money with people like Brian Cohen   [06:01 - 08:51] Wrapping Up! • Cashflow can be bigger than what you make at work • Tax benefit of cost segregation when holding properties for longer     Want to connect with Brian? Follow him on LinkedIn. Visit Andover Properties, a trusted and experienced partner for niche asset classes!       Key Quotes:     “If you hold something for longer, you could have better tax benefits.“ - Lidiya Korzhuk   “Do you have to spend all your money on needs and wants? No, you can put some money away, and when it's enough, you can invest with people like Brian Cohen.” - Mina Rickey       Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.     If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    9 min

  6. 09/26/2023

    054: Building Wealth: Brian Cohen’s Strategies for Smart Real Estate Investments

    In a market teeming with opportunities, how can investors discern the right paths and avoid the pitfalls in real estate investment?   Join us as we speak with Brian Cohen, CEO and President of Andover Properties. For the past 20 years, Brian has been at the forefront of the US real estate market, specializing in self-storage, industrial, and car wash properties. We discuss his journey to success, the current commercial real estate market cycles, and what investors should look for when investing in multifamily or commercial real estate. Brian shares his top tips for investing, including the importance of thorough research before committing funds and how to take advantage of tax efficiency through long-term investments.    Tune in to discover why Brian believes now is a great time to invest in real estate!     [00:00 - 08:03] Brian Cohen: Navigating the Rocky Road Ahead in Real Estate • Brian is the president and co-founder of Andover Properties since 2003 One of the largest private owners and operators of self-storage facilities in the US • How Brian has moved into other forms of alternative real estate asset classes • Brian's father was in the clothing manufacturing business when they started the company   [08:04 - 16:21] Investing in Real Estate with Seasoned Investors • How the market is changing and providing opportunities for investors • Investing in real estate requires caution and researching the operator/owner • Andover has provided equity-sized returns to investors and overachieved pro forma expectations Long-term cash flow is the goal, with tax efficiency in mind   [16:22 - 25:22] Unlocking Double Digit NOI Growth • How Brian has achieved double-digit NOI growth • Iterating ways to make money and cut expenses • Long-term investments can range from 10 to 20 years • Brian introduces the Storage King USA   [25:23 - 28:54] Wrapping Up! • How to reduce expenses and increase revenues • Why it is a great time to invest in real estate     Want to connect with Brian? Follow him on LinkedIn. Visit Andover Properties, a trusted and experienced partner for niche asset classes!       Key Quotes:     “Just make sure you're doing your homework on who you're investing with.” - Brian Cohen   “When we stopped seeing growth is when we want to be exiting a property.” - Brian Cohen       Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.     If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    29 min

  7. 09/13/2023

    053: Vision, Resilience, and Wealth: The Inspiring Journey of Dearonne Bethea

    How do determination and resilience play a role in building a thriving business empire?   Join us as we explore the inspiring story of Dearonne Bethea, a self-made entrepreneur who has achieved incredible success. We'll discuss how his hard work and determination paved the way for him to build a successful business empire and how he now uses his wealth to help others reach their goals. We'll also touch on how he and his wife run multiple businesses together and take advantage of innovative investments such as franchises, multifamily real estate, passive income streams, and government contracts.    You won't want to miss this conversation filled with inspiration and strategies for success!     [00:00 - 05:57] Dearonne Bethea: Working Hard & Smart with a Heart for Helping Others • From a low-income county to becoming a multimillionaire by working hard and smart How Dearonne built 65 sources of income • Wealth is a mind game, requiring one to accept responsibility and share it with others • How Dearonne provides opportunities for his team and wants to bring everyone up   [05:58 - 10:39] Building a Successful Business Empire • What motivates Dearonne is sharing • Dearonne is a visionary, and his wife is the implementer Why he puts out 45% of his own money into deals • Mina & Lidiya introduce the upcoming Hawaii Conference in 2024   [10:40 - 13:53] Wrapping Up! • What makes a deal more secure • How investors can get better returns on investments     Want to connect with Dearonne? Follow him on LinkedIn. Head to Band of Brothers to build generational wealth!       Key Quotes:     “You have to be able to accept the energy that comes with wealth, be able to accept the responsibility and to know that it is not just to benefit yourself, but also to bring some sharing and taking care of with other people.” - Mina Rickey   “Everybody has to eat. It's not a fun time if one person eats and the other one looks at you that you're eating, meaning if one person successfully making money, the other person is not.” - Lidiya Korzhuk       Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.     If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    14 min

  8. 09/11/2023

    052: How To Turn Military Grit Into 65 Income Streams

    Are you curious about how to create multiple income streams and build a legacy for your family?   On this episode, we have Dearonne Bethea, a corporate business owner, real estate investor, founder/CEO of Band of Brothers Investment Group (BOB), the Acquisitions and Key Principal for Tri-City Equity Group, and a US Army retired Chief Warrant Officer Four. With a net worth of over 12 million dollars through his business assets and investments, he has used his leadership, strategic, and operational skills to self-educate himself and build businesses. Dearonne shares his own experience and success story that emphasizes the importance of hard work, discipline, motivation, and surrounding yourself with people you want to be like to achieve success.   Gain insight into Dearonne's remarkable life story and learn valuable investing tips as we explore how he reached financial independence!     [00:00 - 09:35] Dearonne Bethea: A Testament to His Leadership and Unwavering Commitment • How Dearonne has created a net worth of over 12 million dollars through his business assets and investments • Dearonne's journey with the USA Army and how he got leadership skills • Dearonne and his wife live off one paycheck and invest 100% of it into the stock market and real estate How they were able to have 65 streams of income   [09:36 - 18:07] How a Busy Real Estate Agent Found Comfort and Success • Giving 110% and striving to be in the top 1% is essential for success • Surrounding yourself with people you want to be like and grinding hard is key • How Dearonne implemented military knowledge into his own business and real estate ventures • The importance of ownership in any business   [18:08 - 26:07] Dearonne's Journey of Investing in Real Estate and Creating a New Franchise • Investing in multifamily properties with low LTV (55-60%) • Introducing a new franchise called Treazure Studios to help hairdressers become entrepreneurs • Tools, resources, and support that help people become financially literate   [26:08 - 31:03] Closing Segment • The webinars on financial literacy that Dearonne offers     Want to connect with Dearonne? Follow him on LinkedIn. Head to Band of Brothers to build generational wealth!     Key Quotes:     “I'm okay with raising the capital because I want to be able to sleep at night. I want to make sure that my investors get a great return.” - Dearonne Bethea     “You gotta have systems and processes that you believe in, and you gotta have a KPI for every business that you own or real estate that you own.” - Dearonne Bethea     Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order.     If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!

    31 min
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    out of 5
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    About

    Join Mina Rickey and Lidiya Korzhuk on Decode REI, the podcast that unlocks the secrets of real estate success. As first-generation immigrants and experienced investors, they know firsthand the challenges and opportunities of breaking into the industry. Tune in for in-depth interviews with successful investors, clear-cut strategies, and analysis of the latest industry news. Each episode is packed with expert insights and practical tips to help you thrive in the world of real estate. Join our community and start decoding your way to financial freedom today.

    Information

    • Creator
      Lidiya Korzhuk & Mina Rickey
    • Years Active
      2K
    • Episodes
      59
    • Rating
      Clean
    • Copyright
      © 2022
    • Show Website
      Decode REI

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