Ritter on Real Estate

In today’s episode of #RitterOnRealEstate, we chat with special guest Max Fisch! Motivated by numerous mentors and excited about real estate, Max started out as a mortgage originator in the early 2000s and within one year, completed his first flip, netting a significant profit. Over the years, Max has completed hundreds of real estate transactions between financing, wholesaling acquisition, rehabbing, and long-term investing. Using virtual assistants, Max has been able to scale up his business to the size he wants, without overburdening him or his team. With an average deal size of $500k+ his operation is low volume with 4-6 rehabs annually. In addition, he and his team complete, on average, 25-35 wholesale transactions each year.After being burned by numerous property managers, coupled with the rising costs of marketing and lead generation, Max knew he needed more control of his properties and business, without sacrificing his own time. As a result, he founded Real Estate Project Solutions, a full-service Virtual Assistant Agency that caters specifically to the real estate industry. His management team helps real estate investors, agents, and entrepreneurs outsource any area of their business in order to save on payroll costs and time to maximize profits. With today’s technology, his team can easily take the guesswork out of hiring, training, and managing Virtual Professionals for investors of all portfolio sizes. Welcome to the show Max!Key Points From The Episode: -Max’s start doing mortgages and appraising in college.-Getting over the hurdle of needing to do everything in his business.-Hiring VA's vs W2 workers.-W2 worker horror stories... Not attracting the right time.-What Max's company looks for in a good VA.-How to identify what tasks that need to be offloaded.-How Max's company functions. Managing the A's. -The best software for managing VA.Books Mentioned:Any book by Zig Ziglar!Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's guest is Chris Prefontaine! Chris is the best-selling author of 2017’s Real Estate On Your Terms and 2019’s The New Rules of Real Estate Investing. A real estate investor with over 28 years experience in the field, Chris is the founder of Smart Real Estate Coach and host of the Smart Real Estate Coach Podcast. He lives in Newport, Rhode Island with his wife, Kim, and their family. Chris operates the family business with his son, Nick, his daughter, Kayla, his son-in-law, Zach, and an amazing team.Chris has been a big advocate of constant education. He and his family mentor, coach, consult, and actually partner with students around the country, teaching them to do exactly what their company does. Between their existing Associates nationwide and their own deals, Chris and his family are still acquiring 5-10 properties every month and control between $20 to $30 million dollars worth of real estate deals -- all done on TERMS without using their own cash, credit, or signing for loans.Chris and his family believe strongly in giving back to the community. They currently support Franciscan Children’s Hospital in Brighton, MA, 3 Angels Foundation in Newport, RI, and the Wounded Warrior Project by giving a percentage of all deals to those causes.Key Points:  -How 2008 effective Chris Prefontaine.-Not recommending new investors to get traditional loans.-Using creative financing to leverage deals.-Chris explains owner financing.-Wholesaling vs. lease purchase options.-Getting paid three times on deals.-How Chris gets three paydays on his deals.-Rent-to-own Investments how they work.-Getting people back into home ownership by purchasing on terms.-How Chris finds deals. Books Mentioned:- Shoe Dog By Phil KnightGet Chris’s Book FREE: www.wickedsmartbooks.com/ritterCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's Ritter On Real Estate episode, we interview Avery Carl. Avery is the author of Short Term Rental, Long Term Wealth: Your Guide To Analyzing, Buying, and Managing Vacation Properties, and the host of "The Short Term Show" podcast. Avery went from a 37k salary to a real estate investment portfolio of 100 doors in 5 years through strategically investing in short-term and vacation rentals. This strategy allowed her to grow her portfolio much more quickly than starting off with traditional long-term rentals. The Short Term Shop has helped over 4,500 families create generational wealth through real estate Investing. Welcome to the show, Avery! Key Points From The Episode: Why short-term rentals allow you to scale quickly.Avery explains what short-term vacation rentals are.Investing in what the tourist is expecting.Location matters even more in the vacation home market than in traditional real estate investing.How to manage your first vacation rental and what software to use.What a pricing manager is and why short-term rental investors need them.Avery explains the ins and outs of short-term rentals.Short-term rental financing. how to scale.How Banks view short-term rentals.The biggest piece of advice for short-term rental investors.Books Mentioned: Traction by Gino WickmanCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's guest is Gary MacDermid. Gary is a highly sought-after Motivational speaker, Private Investor, Serial Entrepreneur, Professional Engineer and Retired Naval Officer whose success came from humble beginnings. Gary started his career by enlisting in the Navy right after graduating high school. During one of his initial Navy training classes, a Master Chief guest speaker explained the wealth generation strategy of purchasing a house at each duty station. This advice led Gary to understand the true value of passive income.  After steadily purchasing multiple properties throughout the United States and Internationally. Gary continued his career by receiving a scholarship where he graduated with a bachelor’s degree in electrical engineering and was commissioned as a Naval Officer. After leaving the Navy, Gary continued as a licensed professional engineer leading design and analysis projects for several nuclear power plants before deciding to expand the passive income strategy that was previously a hobby. This became the turning point where Gary made the transition fromElectrical Engineer to Cash Flow Engineer by founding USA Private Equities where he is today. Welcome to the show Gary! Key Points From The Episode: - Being told there was o money for college, joining the navy.- Getting into real estate after being inspired by his Master Chief.- Buying properties in the Philippines, Hawaii, and Seattle.- Why mindset is super important when it comes to investing/being an entrepreneur.- Scarcity vs Abundance Mindset.- Setting goals and then working backward to achieve them. How Real Estate and having passive income allow Gary to refine his investing. Books Mentioned:- How to Master The Art Of Selling By Tom Holland- Think and Grow Rich By Napoleon HillCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's episode of #RitterOnRealEstate we interview Ryan Barone.  Ryan is the founder and developer of RentRedi. RentRedi started as a mobile application app for tenants & has developed into a sleek, comprehensive, property management dashboard built for landlords. After working to build RentRedi while managing a full-time job & college courses, Ryan Barone began building what is now an all-inclusive landlord-tenant app that helps landlords go mobile and manage rentals from wherever, whenever. Since its inception, RentRedi has seen accelerated growth. In the past year alone, the company's customers have grown by 3X, their ARR has grown by 6X, and they have over $4.5B in assets under management. Not only are customers excited by the product RentRedi is creating-investors are excited too. In 2019 and 2020, the company raised $5M in total funding. They show no signs of slowing down: RentRedi's first quarter in 2022 will be focused on raising a Series A to continue building a powerhouse property management app. Welcome to the show Ryan!Key Points From The Episode:Ryan's background looking for his first apartment having trouble getting one with no prior experience.The origin story of the RentRedi App. Starting from the tenant standpoint. Knowing it would be good for landlords as well.How Ryan's app makes it easier to rent from landlords on the tenant side.How to end its can report issues at the property through the app.Who exactly rent-ready is for.Books Mentioned: The Lean Startup by Eric RiesCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today’s episode of #RitterOnRealEstate, we interview Chris Grenzig. Chris is the Founder of JAG Communities & JAG Capital Partners which is a vertically integrated multifamily-focused investment firm based in Jacksonville, FL. Chris started investing in real estate in 2016 by attempting to flip houses in Long Island, NY. After months of failing, he attempted out-of-state flips, purchasing tax deeds, and finally found his footing in multifamily. Chris's joint ventured on just over 100 units, before joining Toro Real Estate Partners as their head of Florida operations. Toro purchased 4000 units worth $300 mil, with 1000 units in Florida over 4 and half years. Chris eventually left Toro in Nov 2020 to start his own company which owns and manages small to mid-sized apartment complexes in the Jacksonville, MSA. JAG Communities currently owns and manages 60 units worth $6+ million, with a 10-year vision to scale to $500 million AUM.Key Points From The Episode: How Chris's investment Journey started failing from flipping. Moving from his full-time job to real estate full time. Buying his first couple deals. How Chris landed in multifamily. Multifamily versus flipping. The power of forced appreciation. What Chris's focus is on now investing wise. Why he loves Florida for the long term. Working for a big-name versus himself. How to prioritize what's important. Time management tips for investors. How to deal with brokers organic conversations leading to getting deals done. Stang top of mine with real estate brokers. Chris's 10-year vision.Books Mentioned: Clock Work by Michael MichalowiczWho Not How by Dan SullivanCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's episode of Ritter On Real Estate, we interview Max Sharkansky. Max is the co-founder, managing partner, and oversees all aspects of acquisition, disposition, and property analysis for Trion Properties. Since the firm’s founding in 2005, Max has led the acquisition, renovation, and disposition of more than $1,200,000,000 in mismanaged, distressed, or under-valued multifamily assets yielding an average IRR in excess of 25%. Trion currently has over $1,000,000,000 of assets and approximately 5,000 multifamily units in its portfolio. Max, along with partner Mitch Paskover, initially formed the Company to acquire properties in Los Angeles. Max led Trion in the execution of several acquisitions in the firm's first two years of existence, exiting the portfolio prior to the economic crisis. With cash on hand and no resources tied up in workouts, Max led an acquisition strategy of targeting distressed debt secured by multifamily REOs, which led to the ultra-successful campaign of the acquisition of 20 properties throughout the downturn. Since the recovery, Trion has shifted strategies to the acquisition of value-add properties where value can be created through extensive renovations, hands-on management, and improvement of operating efficiencies. Max's ability to identify then acquire distressed multifamily properties and his expertise in the marketplace have been instrumental in the success of Trion Properties. Welcome to the show, Max! Key Points From The Episode: Max’s early days in real estate as an agent in 2005.How Max learned that true wealth is in owning real estate.Purchasing his first multifamily deals.Foreseeing the stock market crash in 2007. Exiting his properties before it got super bad. Investing in debt vs investing in properties. Having over $1,000,000,000 in managed assets.Insourcing vs outsourcing, how to grow a team. Max/s advice for new investors.Acquisitions and capital need to be the top priority for new investors.How Max analyzes deals.Why it's super important to build relationships when financing properties. Explaining Bridge debt. How Max structures debt for his investments.Max’s prediction on where interest rates will go in the future. Books mentioned: Atomic Habits by James ClearThe Real Estate Game by William J. PoorvuHow To Contact Max- Trionproerties.com - max@trionproperties.com Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's episode of Ritter On Real Estate, we interview Tina Larsson. Tina Larsson is an entrepreneur, a business analyst, a networker, and a self-described "Green Queen". Originally from Sweden, Tina lives in NYC and went from the hospitality industry to Wall Street to Real Estate, now supporting coop & condo boards reducing their expenses. Tina has an MBA from Pace University and holds a LEED Green Associate designation. Tina Larsson co-founded her coop & condo consulting business, The Folson Group, to inspire coop & condo boards to run their building like a business. The firm helps boards make their buildings more sustainable and affordable. Key Points From The Episode:Tina has experience working as an analyst on Wall Street.Tina shares a story of how her property management consulting saved investors hundreds of thousands of dollars.The many pros of being an environmentally friendly real estate.How being environmentally responsible attracts new tenants.Some things multifamily investors can do to be more environmentally free.Technology that can best be used to improve the efficiency of a multi-family complex.How government plays a role with energy incentives for new investors.The significant money savings when improving environmental output.Books Mentioned:The 10X Rule by Grant CardoneCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's episode of #RitterOnRealEstate, we interview Sam Liebman. Sam Liebman, founder, and CEO of WealthWay Equity Group LLC, a New York-based private equity and real estate development company. He has owned substantial interests in over 70 properties during the past 30 years, ranging from multifamily communities, office buildings, and shopping centers, to the ground-up construction of a luxury 21-story condominium development in Manhattan. He is also CEO of Rolling Cash Realty, Inc., a real estate management company, as well as a partner in Tepper & Co., a certified public accounting firm. His new book is Harvard Can’t Teach What You Learn from the Streets: The Street Success Guide to Building Wealth through Multi-Family Real Estate (Made for Success Publishing, Jan. 11, 2022). Learn more at samliebman.com. Key Points From The Episode: Growing up in Brooklyn having to develop street smarts to survive.Mixing Street in book-smarts together.When to buy real estate, why the market is so high. Interest rates, taxes, shortages.The downsides of investing in Office Buildings.The future of rent & property values, where this all ends… Having a 5-year Outlook but investing in real estate.Real estate being the best tax shelter.How to avoid making massive mistakes in today's market.The value in forced appreciation.Psychological due diligence.How Sam likes to invest in deals. What he looks for.What's Sam's book teaches new investors.Has Sam evaluated real estate deals.Focus on the numbers. Books mentioned: The E-myth by Michael GerberContact Sam Here: LIEBUSER@AOL.COMWEBSITE: SAMLIEBMAN.COMHis Book: Harvard Can’t Teach What You Learn from the Streets: The Street Success Guide to Building Wealth through Multi-Family Real EstateCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's #RitterOnRealEstate guest is Jake Clopton. Jake Clopton founded Clopton Capital in 2010 and is active in all commercial mortgage broker operations. He has an extensive background in commercial finance and interest rate markets, serves as the company president and head mortgage broker, and oversees each loan arrangement personally.  Jake has personally negotiated hundreds of millions of dollars in real estate loans and advisory work.Under his guidance, the company developed an extensive network of pertinent relationships.  Prior to founding the company, Jake traded interest rate hedging futures.  He worked with the largest participant in the Eurodollar futures market (LIBOR) and gained extensive and unique insight into interest rate markets and commercial finance. Jake has created his company with the right balance of versatility, reliability, resolve, and measured aggressiveness in closing deals that make his company a force in the commercial real estate funding industry.Key Points From The Episode:  Jake's prior work experience on Wall Street as a trader. Starting his business after the 2007 stock market crash. Financing over 200 million dollars worth of deals per year. How he was able to build his network in business via cold calling. Using his network to provide funding to those who need it for deals.  How to understand lenders in their requirements. how Clopton Capital has evolved from typical the lending/commercial mortgage brokerages that we typically see. The importance of storytelling when finding deals. How lender terms have changed over the last few years. Where Jake sees interest rates going in the future. There are many factors that play into interest rates.www.cloptoncapital.comCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio