This week we have a very special guest in Patrick Francey, CEO of the Real Estate Investment Network (REIN for short).
What makes REIN special in my experience is they’ve always been affordable, REIN has been around longer than pretty much all the other real estate education or networking organizations. They focus on economic fundamentals and cash flow, they literally teach both subjects extensively once per year in each of the cities they operate.
As such, their members are among the most successful in the investor community and their members risk way less. Never did they teach high leverage investing or promissory notes in my experience.
OPM or joint venturing instruction was almost entirely equity based to preserve cash flow, reduces risk, allow the passive partner to participate in both upside and downside.
On the other hand, I’m having regular conversations with investors about professional coaches and small REIT owners who are behind on payments to their investors and folks are lawyering up. Never in my experience have I seen this scale of lawsuits in my experience hence I feel the timing of this interview with Patrick and last week Tom Karadza of Rock Star real estate is timely.
We’ve had lots of experts on this show including Alberta real estate investors but I do want to highlight what makes today’s guest in Patrick Francey standout.
Patrick’s role at REIN places him at the forefront of research and education, he has thousands of REIN members to network with across the country to help him make informed and profitable decisions. Patrick admits he’s a wee older than I am and benefits from having been both a business owner and real estate investor for several economic cycles both boom and bust.
On today’s show we reminisce about what has made REIN members successful over the decades but it’s been far from perfect, we’re talking about Alberta here who had been in economic winter for a decade, prices had crashed and the energy sector has been neglected at the federal level. As for the future, it’s bright for specific parts and strategies in Alberta which Patrick details.
Website: reincanada.com
Email: info@reincanada.com
Please enjoy the show!