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Welcome to Target Market Insights. A podcast to help real estate investors navigate neighborhoods through the lens of local experts. In each episode, we speak to local specialists to learn about their market, useful tips, and the latest trends and developments. This show is designed to help you with the insights you need to win your target market.

Aug 24, 2021

Nikolai Ray is the founder and the CEO of MREX as well as a professor in real estate financial engineering at MREX Collage. He is regarded as one of North America’s leading experts in apartment investing with over ten billion dollars worth of analysis, underwriting, and transactions.

Let’s dig in to learn more about MREX and how it’s going to impact the real estate industry.


[00:01 – 04:55] Opening Segment 

  • Nikolai talks about his background.
  • The upbringing and challenges Nikolai faced to become who he is.
  • What lead him to real estate

[04:55 – 16:50] Access to Real Estate

  • Understanding the importance of ownership
  • Nikolai explains how MREX came to be and what it is for
  • How investors can use MREX.
  • Why recognizing gaps and inefficiencies is important.

[16:50 – 29:29] Blockchain and Real Estate

  • What is blockchain?
  • How blockchain and other technologies will impact the real estate industry
  • The conveniences that blockchain will bring
  • Nikolai talks about the market and his approach.
  • What Nikolai is looking at from an investing standpoint.
  • Announcement: Download Our Sample Deal and Join Our Mailing List

[29:29 – 36:48] Bullseye Round

Apparent Failure:

Going bankrupt from being a millionaire at 25


Digital Resource:



Most Recommended Book:

The Untethered Soul


Daily Habit: 

Kissing his kids.

Curious about:



I Wish I Knew When I Was Starting:

Managing a company is harder than starting one


Best Place to Grab a Bite in Montreal

La Queue de Cheval


Contact Nikolai:

You can connect with Nikolai on his website.


Tweetable Quotes:

“I see the future of an apartment building where you won’t even have to have somebody actually working on the property.” - Nikolai Ray

“Blockchain will bring more transparency to real estate.” - Nikolai Ray


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