Discipline Equals Freedom in Business and Real Estate with Nikolai Ray, Ep#43

Nikolai Ray is the Founder and CEO of MREX, he is a professor at MREX College and is a leading apartment investing expert with over $10B in multifamily analysis, underwriting, and transactions to date. Nikolai speaks at multiple multifamily conferences and events. In this powerful interview, Nikolai takes us through his exciting and multi-faceted experience as a self-made entrepreneur, teaching us how to grow our own businesses along the way.

Hungry for more of the How in real estate investing? Visit www.ezfiuniversity.com for in-depth articles and webinar recordings to start down your own road to Financial Independence.

1. Listen and Learn on our Podcast, "10,000 Roads to Financial Independence": https://bityl.co/4l3z

2. Subscribe to our channel: https://ytube.io/3C4F

3. Check out more about Nicolai here: https://mrex.co/about-mrex  https://www.instagram.com/nikolairay/

About Elisa Zhang:

I am an owner and principal of over 1,000 apartment units across the USA. I’m an educator, an artist and a mother of two beautiful children.

I am on a mission to help motivated individuals make money while they sleep and retire faster than they dreamed.

What makes me so confident that I can guide someone to achieving this goal? It’s the exact process I used to replace my annual full-time corporate income of over $200K. I came from the IT world and focused on leveraging the power of real estate investing to form passive streams of income that now funds my family's life, independent from working at a day job.

Why not keep this all a secret for myself?

Sharing the formula for Financial Independence is my way of showing gratitude and adding more value to the world.

⏰  Timestamps ⏰:

0:00 Introduction

1:30 Early Influences as an Entrepreneur

4:46 Nicolai's Experiences and Academics

9:20 A Passion for Finance Leads to Real Estate

11:15 First Business Start-up

12:49 The Failure of a Business pushes Nicolai to Focus on Finance

14:15 Ways to Look at a Problem

16:36 Scalability of Business

20:00 Hire Fast, Fire Fast

20:55 First Real Estate Acquisitions

24:00 Nicolai's Investing Philosophy and Strategy

26:30 Nicolai's Involvement in Syndications

28:14 Real Investing, Price vs Value, A Tear-Down Deal Example

34:45 Value-Add According to Nicolai

35:02 Markets where Nicolai Invests

39:43 MREX College, Montreal, Canada

43:34 How to Connect with Nicolai

41:39 How Nicolai Teaches his own Children

Resources:

Scaling Up by Vern Harnish https://scalingup.com/book/

EOS: Entrepreneur Operating System https://www.eosworldwide.com/