Ritter on Real Estate How To Keep Your Investors Knowledgeable With Morris Groberman
In today's episode of #RitterOnRealEstate, we have a conversation with Morris Groberman. Morris Groberman has been in the commercial real estate business for over 30 years and is a principal in Northwest Commercial Real Estate Investments, LLC. Morris has successfully completed more than 50 syndications since 1997, raising over $150 million in equity to acquire properties.
Morris was a Senior Vice President with Colliers International, a leading brokerage firm. He was a top local broker in the company for many years and was nationally ranked in the top 25 for Colliers International several times. Morris has served as a broker for many significant apartment buildings and seeks to acquire exceptional properties for his investors.
Key Points Discussed In This Episode:
-How Morris Groberman Got Started In Real Estate
-The importance of equity.
-Buying his first 8 unit apartment building.
-Why Morris chose Real Estate as his primary business.
-How to buy off-market deals.
-Relationships and why they are everything.
-Investing in your backyard.
-Rents/job growth being very important factors in deals.
-Understanding appreciation and cap rates.
-How to keep your investors happy and in the loop.
-What to ask your deal sponsor.
Books mentioned:
- Winning Through Intimidation by Robert Ringer
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Production by Outlier Audio