BTM185: Using PropTech in Multifamily to Create Outsized Returns with Kent Ritter

On today’s show we are talking Technology & Real Estate and where those 2 worlds meet. Today’s guest is multifamily investor and entrepreneur, Kent Ritter.

Kent is a former management consultant, start-up owner, and corporate executive turned full-time real estate operator. After a massive exit from his healthcare technology start up, he turned his eyes (and capital) towards real estate. His technology background, coupled with real estate allowed Kent to use property technology to create outsized returns from acquiring and improving mismanaged, undercapitalized, and undervalued properties.

On the show, we discuss the advantage of forward thinking approaches and the role technology plays in Kent’s portfolio for creating greater returns on the properties that he repositions.

Key Points From This Episode:

  • The future of virtual leasing agents
  • How dynamic pricing adjusts can bolster your returns
  • (AI) Artificial Intelligence and Real Estate
  • How to vet new technologies
  • Kent’s take on the Miracle Morning
  • The advantages of buying smaller properties
  • What a conservative underwriter does and doesn’t look like

 

Links Mentioned in Today’s Episode:

Kent’s Website

Recommended Book:

Wheelbarrow Profits by Jake and Gino Barbaro

Best Ever Apartment Syndication by Joe Fairless

Listen to these book for free!

Lifestyle Design App:

Calendly Scheduling App

BTM182: Direct Mail Domination for Raw Land with Justin Sliva

Direct mail, if done correctly, can be one of the most effective forms of marketing today – it can also be one of the most cost prohibitive without the proper guidance. Today’s guest is a leading authority in the space and will show us exactly how he uses direct mail to buy raw land all across the country.

Raw land investing expert Justin Silva knows exactly where new investors struggle. As a long time land investor, he’s been able to harness the enormous potential offered by land investments: incredible ROI, massive cash profits and sustainable passive income. On today’s episode we’ll learn how to effectively use direct mail to close more land deals for a massive ROI.

Key Points From This Episode:

  • How Justin got started in real estate and learned to dominate direct mail marketing
  • Why Justin will provide capital for anyone flipping land – “Plum Investment Group”
  • Why landsofamerica.com is one of the best tools land investors can use
  • How to create your own powerful direct mail campaign
  • What happened when just sent out 55,000 pieces of mail right before COVID-19

 

Links Mentioned in Today’s Episode:

Justin’s Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Notes (iPhone App)

BTM181: Real Estate & Clubhouse, What’s Possible? with Travis Rice

App Store -> Search -> “Clubhouse”

Imagine going to a free conference side by side with some of the best and brightest in their area of expertise. In our case, we’ll use real estate investing.

At this conference, you’ll be able to have meaningful direct conversations with the biggest real estate magnates as if you paid for their $100,000 per year coaching.

You’ll be able to discuss anything in your life and business – what’s working, what’s not working and get direct feedback on how to move forward.

You’ll be able to be a fly on the wall while these same mentors help others build 6 and 7 figure businesses.

You’ll be able to network and start your own groups and hold yourself and others accountable.

Again, all for free.

Wouldn’t this be a heck of a conference?

Well, that’s Clubhouse… a casual, drop-in audio conversation app

Where you can tune in to live, real time conversations all around the world.

Here’s why I think this app is important for real estate investors:

  • Get Inspired – From daily affirmation rooms to weekly ‘how to find a deal’ rooms, there’s no shortage of inspiration and coaching from this platform.
  • Build Your Team – Spend 30 minutes in a room and you could come out of there with a new realtor, contractor, attorney and title company.
  • Find Deals – I’ve been in rooms where deals are happening live. Tune in to the next episode of the BTM podcast to hear from an investor who found his last deal through clubhouse.

Now this app is really new (they haven’t IPO’d yet) and hundreds of thousands of people are downloading it every single day so I’m sure that you may have already use it – if that’s the case, lets connect – @darayolaleye

While you’re at it, connect with today’s guest, Travis Rice (@travisrice) a digital strategist who used clubhouse as a foothold to kickstart his real estate business, raising $14,000 in 36 minutes live from the app. Having grown his group ‘Real Estate Money Club’ to 25K+ members in a few short months, he’s made headway as the lead digital strategist for a shipping container development company that specializes in renewable, sustainable and affordable housing.

Links Mentioned in Today’s Episode:

Travis’ Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Google Calendar

BTM180: The Biggest Problem Deciding Your Real Estate Way To Wealth

Ever thought about using real estate investing as a wealth vehicle but never quite made the jump?

It can be terrifying for many of us but with just a little faith, it tends to pay big dividends – figuratively and literally.

There’s no arguing that there’s a wealth of knowledge out there in terms of different ways to invest in real estate. This podcast on its own has been able to procure guest after guest who’ve made their millions in real estate.

The question is…

How does all of this help you? What should you listen to and what should you filter? How can learning someone else path to real estate wealth help/hurt your own process?

The waters are murky and many find themselves paralyzed for this exact reason. This episode was created to guide you safely and sound (and dry) across the chasm to your ideal lifestyle design.

Links Mentioned in Today’s Episode:

BTM 5K in 30 Days Challenge

BTM Real Estate Newbies Guide

BTM Weekly Newsletter

BTM179: The Truth About Mobile Home Park Investing with Jefferson Lily

Today’s guest, Jefferson Lily owns 31 Mobile Home Parks valued at over 71 million dollar. What started as an interest in the multifamily apartment space quickly turned into a fascination with affordable housing for low-income Americans.

On today’s show, we explore Jefferson’s journey from corporate burnout to multimillionaire. We’ll learn the tools and strategies that Jefferson used to reach the pinnacle of American success in a real estate niche that most people would run from… until now.

Key Points From This Episode:

  • Why the lucrative mobile home park niche is overlooked
  • Investing in mobile home land vs. mobile homes
  • How the government is try to “squeeze” the mhp industry
  • The future of mobile home parks and is now the best time to invest

 

Links Mentioned in Today’s Episode:

Jefferson’s Website

Recommended Book:

Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Listen to this book for free!

Lifestyle Design App:

EOS: Entrepreneurs Operating System