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:
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:
BTM183: How Roth IRA’s Double Your Real Estate Income with Carl Fischer
From launching rockets to lending on real estate deals, today’s guest, Carl Fischer is a 3rd generation real estate developer. Carl has been able to increase his net worth twice as fast without any more effort by utilizing self directed 401k and IRA tools.
If tax free sounds too good to be true, just wait. On today’s episode we dive into exactly why a Roth IRA is an excellent tool for earning tax-free income for life. We’ll also show you how to earn lasting income for your children and grandchildren through legacy building. Lastly, Carl has made it easier than ever (and free) to open up one of these powerful accounts.
Key Points From This Episode:
- The difference between traditional, self directed and Roth IRA’s… and which one allows for real estate investing
- Is tax free income a scam?
- tax avoidance vs. tax evasion
- What type of qualified plan you should have
- A breakdown of 401ks, HSA’s, 403B’s custodial and SEP accounts
Links Mentioned in Today’s Episode:
Recommended Book:
Think & Grow Rich by Napoleon Hill
Keep it by Joe Luby III
Lifestyle Design App:
Amazon 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:
Recommended Book:
Rich Dad, Poor Dad by Robert Kiyosaki
Lifestyle Design App:
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:
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:
Recommended Book:
Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Lifestyle Design App: