Brick x Brick Podcast

David Richter is a former real estate investor who now runs a fractional CFO business for real estate investors. He started his CFO business because he saw a need for real estate investors to have a better understanding of their finances. Richter believes that it is important for real estate investors to know where their money is coming in from, where it is going out to, and how much they are keep...

BREAKING NEWS: John and Ryan talk about something other than real estate! This week, John and Ryan plan a hypothetical 72-hour trip to Atlantic City. Where will they eat? Where will they drink? How will they pass the time?  Tune in as the hosts discuss each of their preferred itineraries, including a visit to a newly reopened restaurant, indoor activities, outdoor activities, and more.  What would...

This week, John and Ryan introduce their largest project to date -- a 48-unit condo building in Atlantic City called La Renaissance. The duo details the challenges they face in every phase of the project, from pre-closing obstacles to mechanical systems and everything in between.   [00:00:02] Renovations of Atlantic City Condo Building [00:03:49] The Deterioration of a Timeshare Building in Atlant...

Hosts Ryan Goldfarb and John Errico are back to discuss the benefits of creating their own direct booking website for their short-term rental properties in Atlantic City. Tired of relying solely on third-party platforms like Airbnb, they aim to increase their control over their business and provide a better guest experience. Through their discussions, they cover topics such as RevPAR, pricing stra...

What could we do if we couldn't buy any more real estate? In our long awaited return to the airwaves, we debate a life-altering hypothetical. Would we even want to live in such a world? [00:06:37] Maximizing Distribution and Advertising for Direct Bookings (AtlanticCityVacationRentals.com) [00:10:21] Optimize Space [00:13:39] Stimulate Off-Peak Demand [00:17:25] Planning Unique Experiences for Wor...

In this episode, John and Ryan discuss the hidden gem that is Atlantic City with former Mayor of Belmar and CRDA Executive Director, Matt Doherty. They dive in the impact of casinos in AC, real estate opportunities, and why it is high time to invest in Atlantic City today. 00:00 Intro 05:35 Role of Government in Private Investment 07:43 The Hard Truth of Redevelopment 12:51 Flip Side of Rooming Ho...

John and Ryan re-visit the existential challenge: balancing working "IN" their business vs. "ON" their business. While they have a long way to go, they've made substantial progress in the 28 months since they last discussed this. Catch up and listen to Part I from 2019 here: https://tinyurl.com/bdexzcmm 00:00 Intro 01:46 The Genesis of Our Partnership 04:32 Working Evolution 05:34 2019 vs. 2022 Bu...

John and Ryan discuss the short-term rental market drivers and discuss their approaching to evaluating new markets for investing in short-term rentals. 00:00 Intro 01:57 Asset and Location Based Demands 09:09 STR Regulations, Logistics, & Qualitative Factors 16:11 Understanding Demand Drivers 23:54 Consumer Tastes 26:05 Seasonal Market 31:33 Macroeconomical Concerns 35:15 Our Portfolio’s Baseline...

Welcome back to the Brick x Brick podcast. Today we have a special guest, Stefan Tsvetkov. Stefan is the founder of RealtyQuant, a firm that focuses on approaching real estate investments with a data-driven strategy to minimize the inefficiencies in the U.S. multifamily market. Stefan started his career as a financial engineer and after a successful career in finance, Stephan ventured on his own p...

A year after Airbnb’s IPO, it’s fair to say STRs as an asset class are here to stay.  But, where are we in the life cycle of this emerging asset class? And what does the future hold? Tune in as we dive into the trends we expect to shape the future of hospitality.

The year 2021 is drawing to a close, and it is time to ring in the new one. In this episode of the Brick x Brick podcast, we discuss some of the previous projects we have worked on, repairs and renovations we have undertaken, and revenue we generated during the year via different sources. Furthermore, in this episode, we discuss the philosophy and strategy behind those initiatives, the problems th...

As you've probably heard from our previous episodes, Ryan and John are not only investors but also the owners of a property management company as well as a construction company. In this episode of the Brick x Brick podcast, Ryan and John talk about some of their upcoming projects. Throughout the episode, they dive into how they plan to manage the volume of construction projects coming up, the phil...

In early November, the real estate marketplace Zillow announced that it will be exiting their iBuyes business.  In today's episode of the Brick x Brick podcast, we reflect on the business practices of Zillow that led to this event, what it means for the real estate industry, and what consumers should know about Zillow's exit from iBuying.

As a real estate investor, you've certainly been the beneficiary of compounded returns. On the flip side, you may have also paid the price of compounded mistakes. In this episode, we'll walk you through our costly experience with paying a steep price for repeated delays and mistakes. We aim to learn from this and to avoid making this mistake again, because we've already paid the price. Now, you ca...

Think STRs are all sunshine and rainbows? Think again! Hospitality is a people-pleasing business. Expectations are high. When our guests spend a pretty penny on a trip lasting only a few nights, even what seems like a minor inconvenience can cause a major interruption to one's trip. And though we strive to exceed expectations, we don't always succeed. Enter: Complaints. errr... constructive feedba...

Perhaps no topic in the world of short-term rentals is less understood than regulation. So, we're here to settle this once and for all: Are short-term rentals illegal? Spoiler Alert: It depends! This week, John and Ryan will walk through the elements of most short-term rental regulations to help you understand for yourself if STRs are a viable path for your jurisdiction. We will explore varying re...

Want to dive into the realm of real estate and get started on investing in short-term rental property?  In today’s episode, Ryan Goldfarb and John Errico will walkthrough four of their notable projects in Atlantic City  - their venture on acquiring these properties and turning them into revenue-generating assets. They will also discuss some challenges they’ve faced along the way and matter-of-fact...

We’re back again this week with a special guest Nick Intrieri, the man responsible for introducing us to the world of real estate in Atlantic City. Tune in to know more about how he got started investing in real estate in Atlantic City.   Nick and his brother now operate a portfolio of short-term rentals in town and are parlaying their efforts into a new venture: a new, state-of-the-art mini golf...

Listen to Gabe for 30 seconds, and you'll realize he's the real deal. Gabe DaSilva is best known as a developer and flipper in Union County, New Jersey, where his company, the DaSilva Group, has completed dozens of high-end flips and new builds. Fundamentally, though, Gabe is an entrepreneur and a hustler. His relentless pursuit of perfection shines through in his work, and his systems-focused min...

In the endless sea of investment opportunities, how do you, as an investor, arrive at your investing strategy? In today's episode, we sit down with veteran real estate investor Jonathan Greene to discuss his investing journey. Along the way, we learn about his home runs on his live-in filps (some intentional, others unintentional). More importantly, we uncover why he will say "no" to a deal, and w...

"You're investing where? Atlantic City?!" "Yes!" we reply emphatically. "And here's why..." Beaches, restaurants, nightlife, casinos, a 4-mile long Boardwalk, a university, access to NYC and Philly, a robust tourism district, the Orange Loop, unmet demand, a Qualified Opportunity Zone, and... a reputation. Both good and bad. Today, in just an hour, we attempt to distill over a century of Atlantic...

Opportunity Zones - what are they? This relative newcomer to the real estate investment landscape offers favorable tax treatment of capital gains while catalyzing investment in underserved areas. OZs are spread across the country, including certain areas close to where you may already be considering an investment. From capital gains deferrals to adjusted basis, the benefits to Opportunity Zone inv...

Real estate investors often chase one thing: profits. But, long-term, is your sole barometer of success financial?  We would argue NO! We are chasing growth -- whether it's financial, professional, or personal. With that in mind, let's see how our top 3 investments shake out...

Ryan and John are once again joined by Josh Eitington and Donato Settanni of DXE Properties for a part two on their conversation about multifamily real estate investing. In this episode, the group dives deeper into the logistics of purchasing large assets from out-of-state and what it takes to bring a deal to fruition -- even during a pandemic. One such deal is a 104-unit apartment complex in Augu...

"Honey, I'm quitting my job and starting a business investing in real estate with Josh!"   "Go to sleep. We'll chat in the morning."   And, with that, DXE Properties was born. Josh Eitingon and Donato Settanni left behind their cushy gigs to pursue their dreams as full-time real estate investors. A few [long] years later, they have hundreds of doors to their names and are adding more by the day. D...