How to Build a Thriving Private Lending Business with Brandon Rickman & Matthew Byrnes
Listen now
Description
How can a career pivot during uncertain times, like the COVID-19 pandemic, lead to discovering new passions and successful entrepreneurial ventures in the real estate industry? In this episode, Yonah converses with dynamic duo Matthew Byrnes and Brandon Rickman, who share their journey from different professional backgrounds into forming a robust partnership in the real estate sector. Both guests unravel their paths of career transformation, highlighting the impact of COVID-19 on their professional lives and how it led to the inception of their current real estate and private lending business. They delve into the nuances of private lending, the importance of networking and trust in the industry, and their visions for future business growth. [00:01 - 07:20] Pivoting Paths to Partnership Matthew's transition from film to real estate during COVID-19Meeting and forming a business relationship with BrandonInitial ventures in wholesale real estate and moving to private lending [07:21 - 14:35] Understanding Private Lending The concept of private lending and how it differs from institutional and hard money loansThe strategic advantages of private loans in real estate investmentsChallenges and opportunities in the private lending space [14:36 - 21:48] Business Growth and Strategy The evolution of their lending business and capital raising effortsShifting focus from film industry contacts to broader investment sourcesThe importance of diversification and liquidity in their business model [21:49 - 28:00] Market Insights and Economic Impact Real estate market trends and the effect of economic changesAdjusting business strategies in response to market dynamicsExpectations for the future of the real estate market [28:01 - 35:19] Looking Ahead: Aspirations and Realities Long-term goals for their business and personal developmentThe concept of success and what it means to them personally and professionallyReflections on past experiences and lessons learned Connect with Brandon and Matthew: Website: www.prolendcapital.com Facebook: https://www.facebook.com/profile.php?id=61550527497995 IG: @prolend_capital LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE? Be sure to follow me on the below platforms: Subscribe to the podcast on Apple, Spotify, Google, or Stitcher. LinkedIn Youtube Exclusive Facebook Group www.yonahweiss.com None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform. Tweetable Quote: Support the Show.
More Episodes
How can you turn personal finances into your ultimate business strategy for life freedom?This week, Teshra Robles, a financial expert with a unique approach to personal finance, shares her journey from Texas to Hawaii, and eventually to Bonners Ferry, Idaho, highlighting her passion for numbers...
Published 06/23/24
Published 06/23/24
What can you learn from a journey that takes you from a groundskeeper to a successful real estate investor?This week, Yonah welcomes Adrian Danila, a multifamily expert with an inspiring journey from a Romanian law graduate to a U.S.-based real estate investor and consultant. Adrian shares his...
Published 06/16/24