Ray Negrete is a successful real estate investor, a general contractor, and the founder of Rehab Squad. In this episode, Ray talks about his experiences in real estate investing and general contracting. He also shared valuable advice on contracting and customer relationships.
Listen now and find out why Ray’s customers keep coming back to work with him and know how he navigates the challenges of general contractors today.
Key Talking Points of the Episode
[spp-timestamp time="00:00"] Introduction
[spp-timestamp time="00:34"] Who is Ray Negrete?
[spp-timestamp time="02:05"] What is Ray’s advice for real estate investors today?
[spp-timestamp time="04:20"] How does Ray handle customers who haggle for pricing?
[spp-timestamp time="07:05"] Why is it important to know and understand our customers?
[spp-timestamp time="08:27"] How much has the economy changed in the last 3 years?
[spp-timestamp time="09:50"] How did Ray navigate challenges with the supply chain?
[spp-timestamp time="12:08"] How did Ray navigate the labor market?
[spp-timestamp time="16:02"] What materials have increased in pricing the most?
[spp-timestamp time="18:58"] How are real estate investors coping with issues in supply and demand?
[spp-timestamp time="20:08"] What was Ray’s experience on TV like?
[spp-timestamp time="21:06"] What is the biggest job like for Ray today?
[spp-timestamp time="22:23"] How many projects would Rehab Squad manage in 2023?
[spp-timestamp time="23:05"] How can business owners manage multiple rehabs?
[spp-timestamp time="26:04"] What is the story behind Rehab Squad’s name?
[spp-timestamp time="28:22"] What was Ray’s first real estate deal like?
[spp-timestamp time="30:49"] What part of being a general contractor does Ray like the most?
[spp-timestamp time="37:41"] What is the biggest mistake investors are making today?
[spp-timestamp time="40:46"] What should investors be doing differently?
[spp-timestamp time="41:53"] What are the most common misunderstandings between Ray and his customers?
[spp-timestamp time="43:38"] What is the importance of building relationships with general contractors?
[spp-timestamp time="45:40"] What is Ray’s advice to investors today?
[spp-timestamp time="46:39"] How can you get in touch with Ray?
Quotables
“Find someone you trust and let them. Treat them well and stop trading time for money. Delegate, delegate, delegate.”
“People still don’t understand they were paying $25 a square foot for granite three or four years ago. Why is it 35 now? And if I have to explain that to somebody, we’re not a good fit man.”
“I think believing, believing in yourself and being a good leader and set examples is definitely a good way to like run a business like this.”
“Getting to know that person and make sure that you guys are a good fit, cause you’re, you’re running a business and essentially, if it works well, you keep building together. It’s a team thing.’
Links
Website: Rehab Squad
https://www.therehabsquad.com/about
Website: RCN Capital
https://www.rcncapital.com/podcast
Website: REI INK
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