Ritter on Real Estate

If you are in the syndication space, you will have likely heard of 1031 exchanges, and while they may leave you scratching your head, they are an incredibly useful wealth-building tool. Today's guests, Michael Brady, and Alex Shandrovsky join us for a deep dive into these exchanges and demystify some of the misconceptions around this powerful tool. Michael and Alex both work at Madison 1031, a leading qualified intermediary that helps clients through the exchange process. We kick off the show with a definition of 1031s. In their simplest form, they are viewed as swapping one property for another to defer capital gains tax. After this, we get into the importance of the intermediary. While it could be tempting to go at a 1031 alone, using an intermediary is built into the swap structure, and Michael gives us some tips on what to look for to find one of a high caliber. From there, we take a look at when a 1031 does not make sense. Some of these instances include no capital gains, a bad deal or for a flip. Following this, we explore when a 1031 is advantageous. We wrap part up one with a discussion of how passive investors might use a 1031 out of a deal, and some of the complications this could bring.Key Points From This Episode:An introduction to Mike and Alex, including their respective professional backgrounds.The definition of a 1031 exchange and how it encourages real estate reinvesting.How 1031 exchanges allow for capital gains tax deference.The role that an intermediary plays in a 1031 and why they are fundamental to it.Some of the technicalities the intermediary takes care of in a 1031.Why the ‘qualified intermediary’ does not have to be specially trained and tips on finding the best one.Hear some examples of when it does not make sense to do a 1031.Instances when doing a 1031 is most advantageous for investors.How 1031s work for passive investors on a syndicated deal and some of the planning they need to do.Why drop and swaps can be problematic for the IRS and individual states.Learn more about the Tenant in Common structure and the complications it can create.Why 1031s are a popular way for syndicators to bring investors onto the next deal.If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing alongside my firm? Contact me at kritter@birgeandheld.com.My company Birge and Held Asset Management have a twelve-year track record creating sustainable wealth for over 2,000 investors through high-quality multifamily investments.https://birgeandheld.comThank you for listening!Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Finding your investment niche and developing the right mindset are critical and foundational steps in establishing a thriving business. Today’s guests are Adam Ulery and Kevin Galang, the voices behind the Tech Guys Who Invest podcast, who provide insights into their investment niches. We open the conversation by exploring why Adam and Kevin got into investing, even though both of their backgrounds told them that you make money by working for someone else. Kevin and Adam discuss how investing leads to financial security, especially if you establish multiple streams of passive income. They then explain how different mindsets influence how you invest, and why you should be guided by math and not emotion. We focus on the importance of aligning an abundance, investor, and growth mindset to go further and faster in your career, along with helping you to grow as a person. Diving into their specialties, they talk about their different approaches and the benefits of either commercial multifamily investment, in Adam’s case, or in note investing, Kevin’s forte. While sharing what they look for in investments, Adam and Kevin emphasize the value of networking, developing a trustworthy team of people with different skill sets, and playing to your strengths. Near the end of the episode, they share their top books and the keys to their success. Tune in to learn how you can develop the kind of mindset that leads to success. Key Points From This Episode:Introducing Adam and Kevin — the minds behind the Tech Guys Who Invest.Adam and Kevin’s journey into real estate and which investment niches they specialize in.How real estate investing and having passive income has given Adam a sense of security. Why having unexpected costs means that you can’t “save your way to financial success.”The importance of having an investor mindset and being guided by math, not emotions.Why also having an abundance and growth-focused mindset will lead to greater success. Hear about each of the guests’ approaches to investing. Kevin’s perspective on why note investing allows for so many exit strategies.How networking was key in Adam closing his first deal and building an investment team. Why closing a deal doesn’t always work out as one might expect.Specifics about Kevin’s early note investments and how creative you can get with them.  The level of control that note investing can give you over a deal.What Kevin learned from playing the stock market and why it’s not for him.Why education and understanding each deal is important for passive investors. Learn the components that Adam looks for in a multifamily investment.Understanding the worst-case scenario before closing a deal.Why you should seek counsel from local real estate attorneys and brokers.If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing alongside my firm? Contact me at kritter@birgeandheld.com.My company Birge and Held Asset Management have a twelve-year track record creating sustainable wealtCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today’s episode, we’re going to be addressing value investing, working with a team that you trust and you’re comfortable with, and the importance of coaching. It’s the first time we’ve had two guests on the show, so we’re excited to welcome Collin Shwartz and Chris Pomerleau. Together, they run Park Ave Capital, which focuses on acquiring properties in the Omaha area. They collectively own 600 units, and in addition to that, they both serve as coaches for newer investors. Collin additionally runs his own property management firm called Brick Town Management and is head of the largest Meetup in Nebraska with about 1000 members. In this episode, we discuss why they chose Omaha, investing within the path of progress, and making sure that you’re comfortable with the operator when evaluating a deal. We also talk about the importance of understanding risk, doing due diligence, and the revenue and cash flow increases you can create by utility bill backs and charging common area maintenance fees. Chris and Collin talk about coaching, giving back, and what they’re most proud of, as well as their number one goals for 2020, and the books we should all be reading.Key Points From This Episode:Why Collin decided to invest in Omaha, after seeing no dip during the last recession.Chris explains how he grew up just outside of Omaha, which made it easy to invest there.High appreciation and high volatility at the coast versus forced appreciation in the Midwest.Collin talks about looking in the path of progress – investing in areas that may be considered fringe now, but where there will be development opportunities in a few years.Chris shares why he thinks the most important part is feeling comfortable with the operator when evaluating a deal or vetting a syndicator.Collin highlights the importance of aligning with your partners and understanding the risks.Why Chris and Collin do their due diligence and look for partners with experience in every aspect of a project – from contracts and insurance to managing and roofing.What to look at when assessing a deal, including rental and expenses.Utility bill backs and common area maintenance –  how they can help you increase revenue.Collin and Chris talk about their experience of coaching and becoming coaches themselves.Some of the barriers Collin has encountered in coaching others, such as networking.What’s next for Chris and Collin and how they like to give back to the community.Collin and Chris share what they’re most proud of, especially their relationships with tenants and team members and their ability to spend more time with family.Number one goals this year include quadrupling their investor base and being present.The books that everyone should be reading: The Miracle Morning and The Compound Effect.The one question Chris would ask a deal sponsor – how did you handle a negative effect, and how did you make it right by your investors?If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing alongside my firm? Contact me at Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Our guest on the show today, Dave Childers, has a refreshing perspective on investing in small multifamily rather than going after the larger syndication deals, highlighting specifically the cash-flow benefits of smaller properties. With more than 15 years of experience in real estate investing and multifamily housing, Dave has worn all the hats, from property and asset manager to broker, coach, and speaker. Dave is the managing member of Cedar Rock Capital and, after identifying the need for a brokerage firm that focused on small multifamily properties, he established Residential Investment Advisors through which he has brokered over 400+ small multifamily properties in Middle Tennessee, Northern Alabama, and Southern Kentucky. In this episode, Dave starts at the grassroots of passive investing, advising listeners on evaluating deals and vetting sponsors to ensure that their investment goals line up with the other parties’. He discusses the three paths of investing, outlining the advantages and disadvantages of each and explaining why it all depends on what the investor hopes to get out of the deal. Of course, that is not to say that investors should stick to one route. On the contrary, Dave talks about the benefits of investing in various asset classes and locations and having different goals, thereby ensuring that your portfolio is well-diversified. It’s all about knowing what kind of investor you are and being upfront about your expectations. Be sure to tune in to learn a great deal more from Dave Childers! Key Points From This Episode:An introduction to our guest, his brokerage firm, and his involvement in Cedar Rock Capital. Advice for getting started and evaluating deals as a passive investor in multifamily real estate.How investors should go about vetting sponsors and how sponsors can build up credibility. The deals that produce the best returns and why it all depends on the investor’s goals.  The pros and cons of each of the three paths of investing from the perspective of the investor. How the risk profile changes for the investor depending on the size of the deal.Hear how Dave thinks about educating passive investors who want to learn the business. Get a sense of what Dave focuses on when starting to educate investors. Dave talks about the cash-flow benefits with smaller properties versus the larger deals. The importance of finding like-minded sponsors who aim for the same type of returns as you.Understanding that you do not need to follow the same path with every investment you make.   If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing alongside my firm? Contact me at kritter@birgeandheld.com.My company Birge and Held Asset Management have a twelve-year track record creating sustainable wealth for over 2,000 investors through high-quality multifamily investments.https://birgeandheld.comThank you for listening!Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

If you are a real estate investor, this is a must listen to protect yourself!Fraud is a risk that we usually don’t consider as we evaluate deals, but it definitely should be. Kim Lisa Taylor is here today to talk to us about how fraud happens in deals and how as investors we can ask the right questions to avoid getting involved with a bad sponsor.Kim Lisa Taylor is a nationally recognized corporate securities attorney, speaker and author of the No. 1 Amazon best-selling book “How to Legally Raise Private Money". She is the founder of Syndication Attorneys, PLLC and InvestorMarketingMaterials.com, whose purpose is to provide quality legal advice, offering documents, and professionally designed marketing materials for clients nationwide. Kim has been the responsible attorney for hundreds of securities offerings. She routinely teaches subjects related to legally raising private money in front of groups ranging from 50 to 1,000+ attendees. Kim Lisa Taylor discussesThe reason people commit fraudThe three types of fraud:Illegally raising money (not following securities laws)Embezzlement - Partner FraudPonzi SchemesPractical tips on what to look out for before and during your investmentWhat questions you should be asking your sponsors to validate their behaviorWhat to do if you find yourself in a position where you think fraud is happening in your dealGet in Touch with Kimsyndicationattorneys.comkim@syndicationattorneys.comLink to Kim's Bookhttps://howtolegallyraiseprivatemoney.com/If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing Alongside me in our next multifamily deal?Contact me at kritter@birgeandheld.com.My operating partner, Birge and Held Asset Management has a twelve year track record creating sustainable wealth for over 2000 investors through high-quality multifamily investments.https://birgeandheld.comThanks for listening!Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Steve LaMotte, Jr. is an Executive Vice President and co-leads CBRE Indianapolis-Louisville Multifamily. He discusses a variety of topics includingHow the five-second rule applies to real estateThe changes to the multifamily industry he has seen as we adapt to COVID-19. How he expects the industry to change going forwardThe increasing trend for renters and the demand for multifamilyImpact of the pandemic on market dynamicsStrategy changes he expects for investors in the futureSteve began his career in 1994 and has focused exclusively on the sale of apartment property throughout the Central US.  Over the last 10 years, Steve and his team have led production in their markets on large, institutional-grade and high-profile assignments.  His team is the overwhelming leader with $1.1B in volume in the Class “A” space since 2012.  Steve is a member of CBRE’s Institutional Properties, a small group of national market leaders who focus largely on institutional-grade assets and transactions of size.  He has been involved in the sale of more than $4 billion of apartment product and is routinely included among CBRE’s top 10% of Investment Properties producers nationally and is consistently the top producer in CBRE’s Indianapolis office.Steve sits on the Advisory Board to the IU Kelley School of Business Center for Real Estate Studies and is a regular presenter to the IU real estate program.  He sits on the Apartment Life Midwest Advisory Board.  He has also served on the board of directors of the Indiana Commercial Board of Realtors.  He is a regular presenter to the Louisville Apartment Association, Midwest Real Estate News regional events, various other organizations and trade groups, and has presented to the Indiana Bar Association, Indiana Apartment Association, Apartment Life and numerous other organizations.If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing alongside my firm? Contact me at kritter@birgeandheld.com.My company Birge and Held Asset Management has a twelve year track record creating sustainable wealth for over 2,000 investors through high-quality multifamily investments.https://birgeandheld.comThank you for listening!KentCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Steve LaMotte, Jr. is an Executive Vice President and co-leads CBRE Indianapolis-Louisville Multifamily. He discusses a variety of topics includingthe changes to the multifamily industry he has seen as we adapt to COVID-19. How he expects the industry to change going forwardThe increasing trend for renters and the demand for multifamilyImpact of the pandemic on market dynamicsStrategy changes he expects for investors in the futureSteve began his career in 1994 and has focused exclusively on the sale of apartment property throughout the Central US.  Over the last 10 years, Steve and his team have led production in their markets on large, institutional-grade and high-profile assignments.  His team is the overwhelming leader with $1.1B in volume in the Class “A” space since 2012.  Steve is a member of CBRE’s Institutional Properties, a small group of national market leaders who focus largely on institutional-grade assets and transactions of size.  He has been involved in the sale of more than $4 billion of apartment product and is routinely included among CBRE’s top 10% of Investment Properties producers nationally and is consistently the top producer in CBRE’s Indianapolis office.Steve sits on the Advisory Board to the IU Kelley School of Business Center for Real Estate Studies and is a regular presenter to the IU real estate program.  He sits on the Apartment Life Midwest Advisory Board.  He has also served on the board of directors of the Indiana Commercial Board of Realtors.  He is a regular presenter to the Louisville Apartment Association, Midwest Real Estate News regional events, various other organizations and trade groups, and has presented to the Indiana Bar Association, Indiana Apartment Association, Apartment Life and numerous other organizations. If you enjoy the guests and content please subscribe and leave a review.  Your reviews matter and each one has a major impact on the success of the show!Want to get more investing resources?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitInterested in Investing Alongside Me? Contact me at kritter@birgeandheld.com.My company Birge and Held Asset Management has a twelve year track record creating sustainable wealth for over 2000 investors through high-quality multifamily investments.https://birgeandheld.comThank you for listening!KentCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Vinney "Smile" Chopra joins us to discuss why he got into senior housing development, the differences between traditional multifamily and senior housing, and what he means by the coming "silver tsunami".Vinney “Smile” Chopra, a mechanical engineer, MBA, CA RE broker, Author and Host of Two Podcasts and founder of 5 companies came to the US from India with $7 in his pocket.  A strong believer in the power of positive thought and selfless actions, Vinney’s life has been a highly inspiring rags to riches story. There’s a reason Vinney’s nickname is “Mr. Smiles” and “Mr. Enthusiasm” which is evident even through just hearing his demeanor in his voice. He has always believed in the individuals’ ability to shape the world around them through positive thought and selfless actions.As a multifamily syndication expert, he has facilitated over 28 successful syndication deals. He has acquired and manages a very successful real estate investment portfolio worth over $330 million. More than 4100 doors. In 2020, His passion increased in developing new businesses in Senior Living and Hospitality spaces along Multifamily like before. Vinney (Smile) Chopra is an international best-selling author “Apartment Syndication Made Easy: A Step by Step Guide” is a concise account of the author’s journey from $7 to $250 million. In this book, the readers will find a step by step guide on how to make apartment syndication easy and take a business to the next level.  Vinney also hosts two podcasts of his own called “Apartment Syndication Made Easy” and “Mr. Smiles Motivation Talk show”. He has given over 11,000 speeches and now has been interviewed over 130 times on various podcast and radio shows.  ---Subscribe to the podcast in May and Get Free Gifts from these Experts ----Joe Fairless - 20 Resources for Apartment Market and Economic DataGino Barbaro - 8 Step Due Diligence Framework for Passive Investors Dan Handford - The 5 Red Flags for Passive Apartment InvestingHunter Thompson - Video - 7 stages of Due Diligence for Passive InvestorsJohn Casmon - 35 Hacks and Resources to Find the Best REal Estate Sub-marketsKim Lisa Taylor - Avoiding Fraud in SyndicationVinney (Smile) Chopra - Digital Copy of his best-seller  “Apartment Syndication Made Easy”To get the gifts send a screenshot that you subscribed to the podcast to info@ritteronrealestate.com.Want to get more?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitVisit investwithritter.com if you are interested in investing alongside me and how we’ve helped over 2000 investors create sustainable wealth through large multifamily properties.Thank you for listening!KentCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Gino Barbaro is an investor, business owner, author, and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 1500 multifamily units and is teaching others how to do the same.  Gino is the co-founder of Jake &​ Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right &​ Finance Right.He is the best-selling author of three books, Wheelbarrow Profits, The Honey Bee and Family, Food and the Friars.  Gino graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.In part 2 of this episode, we cover the last 5 steps of Gino's 8 step due diligence framework.Deal Underwriting - what are the assumptions and are they realisticProperty Due Diligence- was it thorough enough?Property Management -  Is the right company for the job?Financing - Does the financing line up with the business plan? Has the sponsor weighed all the options? Legal Documents - are they compliant, complete, and do you understand them?To reach Gino visit him at the following websitesJakeandgino.com - to find multifamily education and communityJakeandgino.com/honeybee - for a free excerpt from his latest book!---Subscribe to the podcast in May and Get Free Gifts from these Experts ----Joe Fairless - 20 Resources for Apartment Market and Economic DataGino Barbaro - 8 Step Due Diligence Framework for Passive Investors Dan Handford - The 5 Red Flags for Passive Apartment InvestingHunter Thompson - Video - 7 stages of Due Diligence for Passive InvestorsJohn Casmon - 35 Hacks and Resources to Find the Best REal Estate Sub-marketsKim Lisa Taylor - Avoiding Fraud in SyndicationVinney (Smile) Chopra - Digital Copy of his best-seller  “Apartment Syndication Made Easy”To get the gifts send a screenshot that you subscribed to the podcast to info@ritteronrealestate.com.Want to get more?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitVisit investwithritter.com if you are interested in investing alongside me and how we’ve helped over 2000 investors create sustainable wealth through large multifamily properties.Thank you for listening!Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Gino Barbaro is an investor, business owner, author, and entrepreneur. As an entrepreneur, he has grown his real estate portfolio to over 1500 multifamily units and is teaching others how to do the same.  Gino is the co-founder of Jake &​ Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right &​ Finance Right.He is the best-selling author of three books, Wheelbarrow Profits, The Honey Bee and Family, Food and the Friars.  Gino graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.In part 1 of this episode, we cover the first 3 steps of the Gino's 8 step due diligence framework.The Sponsor - do you know your sponsor?The Investor - Do you know what our own investing goals are?The Market - Do you understand the market that you want to be in? Does the market have positive demand?  How does the market you choose affect the type of returns you should expect?To reach Gino visit him at the following websitesJakeandgino.com - to find multifamily education and communityJakeandgino.com/honeybee - for a free excerpt from his latest book!---Subscribe to the podcast in May and Get Free Gifts from these Experts ----Joe Fairless - 20 Resources for Apartment Market and Economic DataGino Barbaro - 8 Step Due Diligence Framework for Passive Investors Dan Handford - The 5 Red Flags for Passive Apartment InvestingHunter Thompson - Video - 7 stages of Due Diligence for Passive InvestorsJohn Casmon - 35 Hacks and Resources to Find the Best REal Estate Sub-marketsKim Lisa Taylor - Avoiding Fraud in SyndicationVinney (Smile) Chopra - Digital Copy of his best-seller  “Apartment Syndication Made Easy”To get the gifts send a screenshot that you subscribed to the podcast to info@ritteronrealestate.com.Want to get more?Visit kentritter.com for more free passive real estate investing resources including videos, blogs, and tools visitVisit investwithritter.com if you are interested in investing alongside me and how we’ve helped over 2000 investors create sustainable wealth through large multifamily properties.Thank you for listening!KentCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio