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-19
- Meeting and forming a business relationship with Brandon
- Initial 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 loans
- The strategic advantages of private loans in real estate investments
- Challenges and opportunities in the private lending space
[14:36 – 21:48] Business Growth and Strategy
- The evolution of their lending business and capital raising efforts
- Shifting focus from film industry contacts to broader investment sources
- The 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 changes
- Adjusting business strategies in response to market dynamics
- Expectations 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 development
- The concept of success and what it means to them personally and professionally
- Reflections on past experiences and lessons learned
Connect with Brandon and Matthew:
Website: www.prolendcapital.com
Facebook: https://www.facebook.com/profile.php?id=61550527497995
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Tweetable Quote:
"The necessity of having your own business is pivoting. If you don't pivot, you're going to get crushed." – Matthew Byrnes
