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

BTM184: No and Low Money Down Home Loans with Matthew Gouge

Does your mortgage broker invest in real estate? If not – It’s possibly one of the best way to make sure that they have your best interest at hand as an investor. The only way to think like an investor is to be one.

Today’s guest, Matthew Gouge aka Matt The Mortgage Guy negotiated over 250 loans last year alone for his clients – all while actively building up his real estate portfolio of single family homes and small multifamily residences. On today’s show we discuss exactly how first time homebuyers as well as seasoned investors can take advantage of the popular no and low money down loan programs that are offered to most people. With interest rates at an all time low, what are you waiting for?

Key Points From This Episode:

  • The difference between the 4 no and low money down loans
  • The power of house hacking a 4-plex
  • Why the 2021 real estate growth is nothing like the 2006 real estate growth
  • Why Matt doesn’t recommend a down payment assistance program
  • How to use a owner occupied mortgage to grow your investment portfolio

 

Links Mentioned in Today’s Episode:

Matthew’s Website

Recommended Book:

Shoe Dog by Phil Knight

Listen to this book for free!

Lifestyle Design App:

CDS Rental Calculator

BTM175: The Making of 62 Passive Income Streams thru Music and Real Estate with Bryan Miller

Today’s guest, Bryan Miller, is an artist by day and investor by night.

The award winning musician has built an investment portfolio with 60+ streams of income and enjoy a portion of the cash flow from 25,173 rental units which include single family rentals, self-storage units, mobile home pads, retail strip malls, trust deeds and multi-family apartments.

It’s easy to think that very few could reach these accolades until you realize that Bryan started out by cutting costs and saving $800 per month for 3 years to get the ball rolling. His story goes to show that when you combine financial literacy with massive action, the results can be outstanding.

Todays episode comes with a breath of inspiration as well as a few potential income streams to consider for your own portfolio.

Links Mentioned in Today’s Episode:

Bryan’s Website

Recommended Book:

The Millionaire Real Estate Investor

Listen to this books for free with Audible!

Lifestyle Design App:

Upwork

BTM171: Escape the High Wage Earning Trap with Dr. Jeff Anzalone

High income earners are the most privy to financial mistakes, contrary to popular belief. This is why a professional making 500k a year and a professional making 50k a year can both live a “broke” lifestyle. At the end of the month, both are drowning in debt, neither have anything left over and the higher earner isn’t much happier.

On today’s episode Daray interviews Dr. Jeff Anzalone (between surgeries) who lays out solid advice for anyone embarking on the process of getting out of debt and into passive cash generating assets.

Key Points From This Episode:

  • How high-income earners can use real estate to invest passively
  • Properly setting up a game plan to pay off debt efficiently
  • What every professional can and should be doing to lower their taxes

Links Mentioned in Today’s Episode:

Dr. Jeff’s Website

Recommended Book:

The Bible

Think and Grow Rich by Napoleon Hill

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to these books for free with Audible!

Lifestyle Design App:

Google Calendar

BTM166: The Pursuit of Financial, Location and Time Freedom for Immigrant and Ex Wall Street Trader Linying Zou

Today’s guest, Linying Zou is on a mission to achieve one thing – help people achieve freedom in their lives, by breaking free from the constraints of money, time and employers.

On this episode, we discuss exactly how Linying was able to achieve this feat in her own life. As a former Wall Street trader, her initial dream was to become a partner at her firm but she quickly realized that she was a pawn and had no true way to wealth if she kept down that track. After a few failed entrepreneurial partnerships and a 6 month trip halfway across the world she decided that it was finally time to settle on real estate as her wealth building vehicle and has been on a trip to her freedom number ever since.

Key Points From This Episode:

  • How Linying’s immigrant upbringing affected her financial future
  • The importance of a “freedom number” and how to calculate it
  • Why Linying attributes her success to her “miracle morning”
  • The decision Linying made to start investing in multifamily apartments
  • How you can use real estate to replace your income and travel the world

Links Mentioned in Today’s Episode:

Linying’s Website

Recommended Book:

Rich Dad Poor Dad by Robert Kiyosaki

Miracle Morning by Hal Elrod

Listen to these books for free with Audible!

Lifestyle Design App:

BTM 5K Challenge