REI180: The Intersection of Education and Real Estate w/ Kevin Clark

<p>Patrick Donley sits down with Kevin Clark to talk about how he broke into Commercial Real Estate at the age of 30 after getting a Master’s in Real Estate Finance at NYU. They get into what it takes to survive and succeed in the first year at a CRE brokerage, how to think about cap rates and the factors that influence them, and why he feels real estate isn’t an inflation edge.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>03:32 - How his first fix and flip near 8 Mile in Detroit went.</p><p>05:04 - What he learned serving as his own GC on a gut renovation of a New York co-op.</p><p>07:13 - Why he earned a Master’s degree in Real Estate Finance at NYU.</p><p>07:25 - How the freedom of a remote job allowed him to make the transition to real estate.</p><p>11:20 - Why having a background in finance is a huge advantage in CRE.</p><p>16:07 - How he broke into CRE with Massey and Knakal and what his first year was like.</p><p>16:07 - Why you shouldn’t consider work from home options if you are early in your career.</p><p>32:14 - What his top advice is for people just entering into CRE brokerage.</p><p>42:14 - How Kevin is trying to disintermediate brokerage on rental apartments with Cribdilla.</p><p>50:40 - What he feels are the best strategies during a negotiation?</p><p>63:22 - Why he feels real estate isn’t an inflation hedge.</p><p>63:34 - How to understand cap rates, why they are important, and the factors that affect them.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><strong>&nbsp;</strong></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Robert’s book&nbsp;<a href="https://www.amazon.com/Everything-Guide-House-Hacking-Step/dp/1507217196?crid=2XTBV6G2E42IF&amp;keywords=house+hacking&amp;qid=1665064689&amp;qu=eyJxc2MiOiIzLjg4IiwicXNhIjoiMy4yMCIsInFzcCI6IjMuMTUifQ%3D%3D&amp;sprefix=h%2Caps%2C733&amp;sr=8-4&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;link