030 - New Construction, Partnerships and A.I. Oh My! With Rob Fink and Jake Culleny

In this episode of the Frankie D'Astoli Show, host Frankie D'Astoli welcomes real estate investors Rob Fink and Jake Culleny to discuss their journeys in real estate, the importance of mentorship, and the dynamics of their partnership. They share insights on transitioning from flipping properties to new construction, managing cash flow, and the challenges of underwriting new construction deals. The conversation also delves into the use of AI in their business processes, emphasizing the importance of networking and continuous learning in the real estate industry.Chapters00:00 Introduction to Real Estate Journeys02:20 Jake's Path to Real Estate Investing08:40 Rob's Entrepreneurial Background15:03 The Birth of a Partnership21:52 Transitioning to New Construction26:00 Managing Cash Flow in New Ventures28:59 Understanding New Construction Financing29:43 Underwriting New Construction Deals34:26 Estimating Construction Costs38:21 Advice for New Construction Beginners44:27 Integrating AI in Real Estate53:37 Final Thoughts and Resources