Brady McDonald is the founder of The Grit Mastermind and CEO of Brightwork REI, a development company focused on building state-of-the-art self-storage facilities. He is a real estate investor with experience across many different asset classes and he is on the show today to tell us about his experience in building a mastermind, scaling multiple businesses, and operating in different markets.
Listen to this episode to learn more about Brady, how he expanded his business into different asset classes, and why he founded The Grit Mastermind!
Key Talking Points of the Episode
[00:32] Who is Brady McDonald?
[01:49] How did Brady get into real estate investing in the US?
[02:47] What should real estate investors be focused on today?
[04:27] What is it like to experience a market downturn?
[06:55] How did Brady get into the Houston market?
[08:35] How did Brady expand his business into different asset classes?
[10:36] What are the different risks of being in real estate development?
[12:36] What does Brady’s team look like today?
[15:10] What changed in interest and cap rates over the last 18 months?
[16:30] Where does the demand for storage come from?
[18:55] What is The Grit Mastermind?
[19:56] Why is it important to be vulnerable if you want to succeed?
[21:48] What got Brady into running?
[23:40] What inspired Brady to run a marathon?
[24:40] What did Brady’s first marathon make him realize?
[27:52] What is Brady’s advice to young entrepreneurs today?
[29:27] Why is your family an important factor in your success?
[34:38] How does your personality affect your strategy in business?
[36:35] What is the importance of having balance in what you’re doing?
[37:15] How can you connect with Brady?
“My advice to you would be to get ahead of the market if it is in a declining state and just try to sell them fast. At the end of the day, you will end up with more money in your pocket otherwise.”
“When I was forcing my body into doing these hard things, the mindset got right and when my mindset got right, I became a better dad, a better husband, a better business, I could communicate better – everything just got better.”
“What I would highly recommend is figuring out one strategy in one market that is scalable and dive deep into it.”
Instagram: Brady McDonald
Website: RCN Capital
Website: REI INK