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In this episode, host Nick Smith discusses U-haul's Growth Index Report for 2023.  This report ranks 50 U.S. states by growth based primarily on one-way U-haul equipment rentals that occur within the calendar year. The reports for the last 5 years were also analyzed.  And several states continuously appear in the top 5 and several others continuously appear at the bottom.  Some of the common traits that you see in both groups are discussed in this episode. If you'd like to review this report, please check it out at the link below: https://www.uhaul.com/Articles/About/U-Haul-An ..read more

In Part 2 of the interview with J. Calaway with The Gate Church and InnerMission, Inc. of Hammond, IN, the importance of "Who" not "How" is discussed.  He talks about he struggled with this concept early on but has come to value its significance now. He also talks about an experience he had with his introduction to the Section 8 program.  Though there are many different opinions about the Section 8 program, he sees it as just one of many tools that can be used to help a person move from Surviving to Thriving. Pastor Calaway also discusses some of the challanges he has faced in doin ..read more

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In this episode of Wealth In Real Estate Development WIRED), host Nick Smith interviews J. Calaway, Senior Pastor of the Gate Church in Hammond, Indiana and Founder/ President of InnerMission, Inc.  Pastor Calaway has been at the Gate for 35 years.  After 3 years of serving as the Youth Minister, he became the Senior Pastor.  From his perspective, the church should be more than a meeting place 1 day of the week.  But it should be more of a practice field where people learn "plays," and deploy those out into the community. He discusses how the organization, InnerMission, I ..read more

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Welcome to 2024!!  On this first Wealth In Real Estate Development episode of the new year, it was a pleasure to interview Rick Wajda, CEO of the Indiana Homebuilders Association (IHBA).  Rick discussed the history of the organization and its mission to keep housing safe and affordable for all Indiana residents, aka Hoosiers! The current median home price in the state of Indiana is around $400,000.  However, 75% of Hoosiers do not have the income to support this price point!  This disconnect and how this gap can be narrowed was discussed.     Rick also addr ..read more

In this episode of Wealth In Real Estate Development, host Nick Smith discusses the world of "hard" money with Michael (Mike) Mann aka "Your Money Mann."  One of Mike's specialties is helping investors get their real estate projects financed. Mike explains the difference between hard money and private money.  And he also shows how both can be beneficial tools for real estate entrepreneurs.  In addition, Mike gives an awesome explanation on how an investor should determine if a certain real estate investment is actually a good investment. Mike also gives very transparent reason ..read more

In this episode of Wealth In Real Estate Development, host Nick Smith discusses the age-old debate of building new vs. buying existing real estate as an investor.  There is actually no right answer to this question.  It depends on many factors. Do you have any experience with new construction?  Or do any of your partners have experience with new construction?  How risk tolerant are you?  Also, another big question is how many financial resources do you have at your disposal? Unless you have new construction experience or you have a partner with that experience, it is ..read more

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