Top of Mind Mynd’s Doug Brien on Investing, Renting and the Future of the American Dream
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Doug Brien, CEO and co-founder of Mynd, to talk about innovation and opportunities in real estate investing. Doug discusses why current cash flow trends bode well for next year, shares the most important stat for investors to pay attention to right now, and explains why he thinks the American Dream of home ownership is not dying, but evolving. Doug also shares insights and stories about real estate investing, entrepreneurship, and life from his new book, “The Big Long.”
About Doug Brien
Doug Brien is the CEO and co-founder of Mynd, the company on a mission to make real estate investing more accessible by leveraging technology to unlock remote investing at scale. Powered by a proprietary all-in-one platform, Mynd streamlines the entire investment journey. Ranging from first-time individual investors to seasoned institutional investors, Mynd empowers more Americans to build wealth through the single-family rental sector. A former Super Bowl-winning NFL placekicker, Brien got his start in real estate following the collapse of the housing market in early 2009, when he and Colin Wiel founded Waypoint Homes and began buying single-family homes to renovate and rent out. Together, they scaled up their company in an industry that had been the domain of smaller players, building a $3 billion portfolio with over 17,000 single-family rental homes. In 2016, the duo went on to launch Mynd, leveraging their SFR expertise and technology to empower a new generation of real estate investors. Today, Mynd manages over 17,600 units in 26 markets across the country and expects to manage 20,000 homes by the end of 2023. Doug Brien holds a B.A. from the University of California at Berkeley and an MBA from Tulane University. Here’s a glimpse of what you’ll learn:- Why even with the market slowdown and higher interest rates, some investors are still gaining profitability
- Why current cash flow trends bode well for next year
- The most important stat for investors to pay attention to right now
- Why Americans are investing in the Smile Belt
- How the iPhone helped fuel the creation of the single-family rental industry
- Why he’s bullish on appreciation and on rent growth
- What the post-zero-interest-rate era looks like for real estate investors
- The math on why real estate investors prevent home price crash catastrophe
- Why we have a shortage of single-family rental homes (just like we have a shortage of homes to purchase), and what that means for homebuilders
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
Follow us on Twitter for more data analysis and insights: About Altos ResearchThe Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
Learn more about your ad choices. Visit megaphone.fm/adchoices