Ritter on Real Estate Building Generational Wealth Through Real Estate With Kenneth Gee
In today’s episode of #RitterOnRealEstate we interview Ken Gee, Ken is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction, and principal investing experience.
Throughout his career, he has been involved in transactions valued at more than $2.0 billion, much of which has included the acquisition, management, and financing of various multi-family real estate projects. Before forming KRI Partners, Ken was a tax manager with Deloitte & Touche LLP. Some of his major clients included The Riverside Company, Key Equity Capital Partners, Blue Point Capital, Linsalata Capital Partners, The Zaremba Group, Charter One Bank, and Applied Industrial Technologies, Inc. Before his career at Deloitte & Touche, he spent several years at National City Bank (now part of PNC Bank).
Ken is a licensed Ohio Certified Public Accountant, a member of multiple apartment associations, the Ohio Society of Certified Public Accountants, and the American Institute of Certified Public Accountants. Welcome to the Podcast Ken!
Key Points From The Episode:
- How Ken got inspired to learn about real estate while feeding his infant daughter.
- Watching his peers make a lot of money in real estate.
- Buying his first deal, a 28-unit apartment complex.
- Making half a million dollars off of his first three deals.
- Realizing that real estate was his ticket to building wealth for his family.
- How having children impacts your decision-making when it comes to career/investing.
- How technology has helped spread the knowledge of real estate investing.
- Ken's advice for vetting a deal sponsor. Some of the red flags to look out for.
- How Ken views the current real estate market.
- Understanding that people will always need somewhere to live.
Books mentioned:
- The 10X Rule by Grant Cardone
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Production by Outlier Audio