Episode #203: Navigating Real Estate Cycles with Patrick Francey

In this episode, we sit down with Patrick Francey, a multi-business owner and the CEO of the Real Estate Investment Network (REIN), to delve into the complexities of the US and Canadian markets and the different real estate market cycles. Patrick is a highly experienced real estate investor and entrepreneur with over 40 years in the industry. As the CEO of REIN, he guides investors through the nuances of real estate investment to help them build successful portfolios. In our conversation, Patrick shares his journey into real estate investing, what got him interested in it, and the significant differences between the US and Canadian markets. Explore the importance of understanding regional economic fundamentals, having a clear investment strategy, the value of focusing on regional markets, and how to prepare for economic cycles. Gain insights into the aspects to consider before investing in a property, why there is no bad time for real estate investing, the importance of being a problem solver, and the various hurdles investors face in real estate. He also shares lessons from his real estate investment journey and why it is vital to stay educated and savvy to be successful. Tune in to uncover the secret behind navigating the ever-changing real estate market with Patrick Francey!

Key Points From This Episode:

• Background about Patrick, his company, and how he got involved in real estate.
• Learn about the differences in real estate investment between the US and Canada.
• Discover the importance of regional market analysis over national averages.
• Regional economic aspects to consider, such as GDP and job growth.
• Explore the pros and cons of immediate and long-term investment strategies. 
• Navigating the real estate cycle and adjusting strategies accordingly.
• The role of partnerships and aligning values with partners.
• Unpack the impact of economic cycles on investment opportunities.
• Patrick shares advice for budding real estate investors. 
• Why being a problem solver in real estate is essential for success. 

Links Mentioned in Today’s Episode:

Patrick Francey on LinkedIn

Patrick Francey on Instagram

Patrick Francey on X

Real Estate Investment Network (REIN)

The Everyday Millionaire Podcast

The Wealthy Barber

Rich Dad Poor Dad

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn