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© 2024 W.I.R.E.D. (Wealth In Real Estate Development)
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Discussion on all topics relating to real estate development.
30 Episodes
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In this episode, host Nick Smith discusses U-haul's Growth Index Report for 2023. This report ranks 50 U.S. states by growth based primarily on one-way U-haul equipment rentals that occur within the calendar year.The reports for the last 5 years were also analyzed. And several states continuously appear in the top 5 and several others continuously appear at the bottom. Some of the common traits that you see in both groups are discussed in this episode.If you'd like to review...
In Part 2 of the interview with J. Calaway with The Gate Church and InnerMission, Inc. of Hammond, IN, the importance of "Who" not "How" is discussed. He talks about he struggled with this concept early on but has come to value its significance now.He also talks about an experience he had with his introduction to the Section 8 program. Though there are many different opinions about the Section 8 program, he sees it as just one of many tools that can be used to help a person move f...
In this episode of Wealth In Real Estate Development WIRED), host Nick Smith interviews J. Calaway, Senior Pastor of the Gate Church in Hammond, Indiana and Founder/ President of InnerMission, Inc. Pastor Calaway has been at the Gate for 35 years. After 3 years of serving as the Youth Minister, he became the Senior Pastor. From his perspective, the church should be more than a meeting place 1 day of the week. But it should be more of a practice field where people learn ...
Welcome to 2024!! On this first Wealth In Real Estate Development episode of the new year, it was a pleasure to interview Rick Wajda, CEO of the Indiana Homebuilders Association (IHBA). Rick discussed the history of the organization and its mission to keep housing safe and affordable for all Indiana residents, aka Hoosiers!The current median home price in the state of Indiana is around $400,000. However, 75% of Hoosiers do not have the income to support this price point!&nbs...
In this episode of Wealth In Real Estate Development, host Nick Smith discusses the world of "hard" money with Michael (Mike) Mann aka "Your Money Mann." One of Mike's specialties is helping investors get their real estate projects financed.Mike explains the difference between hard money and private money. And he also shows how both can be beneficial tools for real estate entrepreneurs. In addition, Mike gives an awesome explanation on how an investor should determine if a c...
In this episode of Wealth In Real Estate Redevelopment (W.I.R.E.D.), host Nick Smith interviews Anastacia Fratto of ResElevate. ResElevate offers development consulting services and strategic partnerships to developers in the Chicagoland area.Anastacia gives her background as master plan community developer and discusses how planning a community differs from planning/ executing a development. Anastacia also discusses a $27 Million development that she and some of her partners are ...
In this episode of Wealth In Real Estate Development, host Nick Smith discusses the age-old debate of building new vs. buying existing real estate as an investor. There is actually no right answer to this question. It depends on many factors.Do you have any experience with new construction? Or do any of your partners have experience with new construction? How risk tolerant are you? Also, another big question is how many financial resources do you have at your dis...
In today's episode of Wealth In Real Estate Development (W.I.R.E.D.), host Nick Smith sits down with Phylis Mamula of DesignTech. Phylis has almost 40 years of experience in the interior design field. Phylis studied interior design at the former Harrington Institue of Interior Design which was located in Chicago, IL. And she has designed everything from entire floors in high rise office buildings, to medical offices, restaurants, historic renovations, homes and much more.&nb...
In this episode of Wealth In Real Estate Development, host Nick Smith discusses the journey of being a real estate investor in Gary, Indiana with Cory Armand of Armand Investment Group. Cory has been investing primarily in Gary, IN for well over a decade. This investing career has afforded him the opportunity to leave his job and become a full-time real estate investor. He details how he bought his first properties through tax sales. And back in earlier investing days,...
In today's episode of Wealth In Real Estate Development (W.I.R.E.D.), Nick Smith interviews Julie Holly of Three Keys Investments and host of the highly acclaimed Conscious Investor podcast. Julie specializes in helping passive investors find profitable real estate investments to park their money. She works primarily with multifamily and assisted living asset classes.Julie gives an excellent explanation of the main differences between the multifamily and assisted living asset classes.On...
October is breast cancer awareness month. Therefore, in this episode of Wealth In Real Estate Development (W.I.R.E.D.) host Nick Smith discusses his mom's recent battle with breast cancer (which she won!) and the business lessons he learned from it.Nick uses the acronym "APE" as the title of the strategy to get you to your real estate development and investing goals. A - Acknowledge, P - Plan, and E - Execute. You first have to acknowledge where you are on in your investing ...
In this episode of Wealth In Real Estate Development (W.I.R.E.D.), host Nick Smith has a candid conversation with Eric January. Eric is the CEO of Conduit Investment Advisors and the Principal with Eric O'Neal January & Co. As a CPA, Eric sees the good, bad and ugly as it pertains to entrepreneurs. And in today's interview, he provides a ton of advice on how to comprehensively make better business decisions.One of the things explored in this interview is Eric's book seri...
In this episode of Wealth In Real Estate Development (W.I.R.E.D.), host Nick Smith sits down with residential Mortgage Loan Originator, Aaron Stokes of First Financial Bank located in Northwest Indiana.If you are building properties to sale, then you must have good mortgage loan originators on your team. Aaron discusses how he got his start as a mortgage broker almost 20 years ago. A few years after this start, he shifted to become a real estate agent. But around 2008, he se...
In keeping with the theme of playing defense in your wealth building journey, today's episode of Wealth In Real Estate Development (W.I.R.E.D.), features host Nick Smith interviewing Randy Raines, owner of the Raines Insurance Group located in Valparaiso, Indiana. His company offers property, automobile, life and business insurance coverage options. And a big portion of his clientele are real estate investors.Randy discusses his background as working on the floor of the Chicago St...
In today's episode of Wealth In Real Estate Development (W.I.R.E.D.), host Nick Smith chats with Patrick Cailles, Director of Sales and Marketing for Barrister Title. Barrister Title is a title company with three locations throughout the Chicagoland area, two in Illinois and one in Northwest Indiana.Patrick breaks down what is title insurance and why it's vital to your overall wealth-building strategy. The field of wealth building is very familiar to Patrick as he spent several ye...
In today's episode of Wealth In Real Estate Development (WIRED), host Nick Smith interviews Bryan McCloskey, Wealth Strategist with Paradigm Life.Nick and Bryan discuss on a high level how you can literally create your own bank to do real estate deals using specially designed whole life insurance policies. Bryan believes that everyone should know about these types of policies and should be using them. In the past, most families had whole life insurance policies. However, whe...
In this episode of Wealth In Real Estate Development, host Nick Smith has a fireside chat with Raquel Favela who is the Executive Managing Director of Technical Advisory & Training with the National Development Council (NDC).NDC is one of the nation's oldest non-profit organizations that provides technical advisory and funding support for various community development initiatives in the underserved communities of the country. NDC also currently has opportunities such as the SEED Aca...
In this episode, W.I.R.E.D. host Nick Smith sits down with Patrick Bell, Director of Business Development with the Coldwell Banker Commercial Metro Brokers in the Atlanta, Georgia area.Patrick is commercial real estate broker specializing in land transactions. However, before becoming a broker, Patrick served as an elected County Commissioner in Fulton County, Georgia. Patrick discusses how this experience gives him a different viewpoint than most brokers. He also discusses ...
Whether a fix and flip, a buy and hold or ground up new construction, funding is needed to make any of these deals happen. And in this episode of W.I.R.E.D., I interview Brandon Ellington aka "Brandon Mr. Finance" to discuss how to find the capital needed to create financial freedom through real estate investing! With Brandon's former mortgage banking background, he brings a ton of knowledge and expertise in the area of finances. Brandon provides valuable insight into where ...
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