Ritter on Real Estate

Today's #RORE guest is Johnny Wolff. Johnny Wolff is the CEO and Founder of HomeRoom Coliving – one of the fastest-growing coliving companies in the United States. After starting his career as a financial analyst in Silicon Valley (EA, SanDisk, Guidespark), he relocated to Austin, Texas to pursue real estate investing full-time. His love for real estate investing and living with roommates motivated him to start HomeRoom in 2017, after an unusually terrible Craigslist roommate experience. In 2020, HomeRoom boasted 99% on-time rent payments, full occupancy, and zero evictions. Sales velocity for HomeRoom is up 300% in 2021 with hundreds of happy residents across 23 cities in 3 states. Powered by investor funds, HomeRoom recently expanded to Dallas and Austin, Texas. Johnny still lives in one of HomeRoom’s first coliving houses in Kansas City, and enjoys hanging out and surviving the pandemic with his awesome roommates -especially on chicken wing Thursdays! Welcome to the podcast Johnny!Key Points From The Episode:Starting his career as a financial analyst at Silicon Valley doing analyzing real estate deals on the side.Moving to Kansas City to further build his portfolio. Formulated the HomeRoom CoLiving concept from bad roommate experiences in the past.Describing CoLiving as an idea of layering technology into roommate living and making them better. By using machine learning in pairing roommates, it becomes a better fit.HomeRoom CoLiving being an upgraded version of remote investing and roommate living.How increasing rents 50-70% is possible with roommate rentals. Roommate matching horror stories… Becoming the Airbnb of Roommate Housing.Improving tenant sourcing in the industry.Using the app, investors can manage their investments and properties seamlessly.Widely sourcing leads from different funnels and virtually checking out each property before renting out.Future goals for HomeRoom. Planning on entering 750+cities within the next few years.Roommate housing being the future.Advantages of “living as a service” model.Books mentioned:The 50th Law by Robert Greene and 50 centCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today’s episode of #RitterOnRealEstate, we sit down with special guest, Bob Couture! Bob is managing partner of CP Property Group, a realty and investment company, with offices in Springfield, Massachusetts, and Hermosa Beach, California. Bob is also the Co-Founder of the Western Mass Real Estate Investor Group. Additionally, he is a partner in Ironsides PropertyGroup, a property management company in Springfield, MA. As an investor himself, Bob has a personal portfolio of over 50 units and has helped clients achieve their real estate goals through apartment syndications, apartment purchases, and/or multifamily/single-family properties. Welcome to the show Bob! Key Points From The Episode:Starting off in the aerospace and defense industry. Growing up in a construction family.Getting into house flipping but becoming a buy/hold investor.Slowly adding to his portfolio, getting into multifamily & learning about syndication.Focusing on syndication and property management.What inspired Bob to get into Multifamily Investments, natural evolution. How real estate positively impacted Bob’s life. Why the US middle east market is undervalued/untapped. Affordable Housing vs Market Rate Extremely low turnover with affordable housing.How Bob Couture analyzes deals. Books Mentioned:Millionaire Real Estate Investor By Gary Keller. Rich Dad Poor Dad By Robert Kiyosaki Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's Episode of #RitterOnRealEstate, we chat with Matthew Sullivan. Matthew is the CEO and Founder of QuantmRE, serial entrepreneur, Founder and President of crowdfunding real estate company crowdventure.com, author of “Headfirst: A roadmap for entrepreneurs” and host of the Hooked on Startups podcast. He also spent a number of years working alongside Richard Branson and the Virgin corporate finance team in London, UK, where he was appointed a director and Trustee of Virgin’s London Air Ambulance.After studying Law at Birmingham University, he pursued a career in finance and stockbroking. He then chose an entrepreneurial path and founded Europe’s first internet billing application service provider. Over the years, he has founded and led companies in the United Kingdom, Australia, the United States in the finance, telecommunications, technology and real estate sectors.Matthew Sullivan is a man on a mission to help homeowners get cash from their equity with no interest or monthly payments. He has helped hundreds of homeowners use their home equity to pay off expensive credit cards, remodel, pay college tuition fees etc. without taking on extra debt.Key Topics From The Episode:Started off as an entrepreneur in stockbroker in the late 90s. Working with Richard Branson.Starting Crowdventure.com so investors could invest online in real estate.What QuantmRE is and how it works.Investing in owner-occupied homes.Allowing people to access home equity with no more debt or monthly payments up to 30 years.Using preferred equity interest to get homeowners the capital they need.Typical QuantmRE agreement.QuantmRE being a great alternative for those who can't qualify for traditional loans.Using blockchain to slice home equity Arrangements investors. Books Mentioned: The Bank Free Blueprint By Tom Braegelman 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 Mariusz Skonieczny. Mariusz graduated from Indiana University in 2003 with a finance degree. From 2003 to 2008, he was in the commercial real estate industry as an appraiser and broker. During the 2008/2009 financial crisis, he left the industry to start Classic Value Investors. Mariusz also has experience investing in the stock market where he took his initial investment of $10,000 to now $6 million. Welcome to the podcast Mariusz!  Key Points From The Podcast:Mariusz’s start in real estate back in 2000 while still in college.How Rich Dad Poor Dad peaked his interest in real estate. Becoming an Appraiser after graduating college. Having an interest in becoming a broker. Turning $10,000 into $6,000,000 in the stock market in only 10 years.Understanding the value of leverage in real estate investing.How Mariusz got involved in the stock market/ his process for analyzing companies. Capitalizing on smaller overlooked companies.Getting back to his roots in real estate with mobile home park investing.How mobile home park investing is often overlooked and undervalued.Mobile home parks being an untapped market.Books Mentioned:Rich Dad, Poor Dad by Robert Kiyosaki How To Reach Mariusz: https://microcapexplosions.com/join/Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today’s episode of #RitterOnRealEstate, we sit down with special guest Chad Griffiths. Chad has been an industrial real estate broker since 2005. Over the past 16+ years, he's completed over 500 transactions with clients ranging from local companies to large institutional owners. He's proud to be a perennial top producer and a partner with his firm. In addition to earning SIOR and CCIM designations, he's earned a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. He's given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine. Key Topics From The Episode: -How Chad got his start in real estate. Getting his broker’s license in college.-Chad's introduction to real estate working at a real estate industrial- What got Chad into real estate great sources to learn about industrial real estate-Understanding why their supply chain issues in the US-Vacancy rates being low in industrial real estate -Industrial and multi-family being similar -Fears of e-commerce slowing down-What drives real estate supply and demand cycle-Chad's advice for getting started in industrial properties-Why Industrial real estate is potentially better than multi-family. -Key factors to look at when investing in industrial real estate.-How Chad Griffith's analyzes risk when investing.-The importance of vacancy in real estate. Books Mentioned:- Fulfillment by Alec MacGillisCheck 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 Eric Martel. At the young age of 18, Eric purchased his first apartment building while still at university. After graduation, in his position as an actuary, he was dismayed to see hundreds of company pension plans being rolled over into 401(k)s shifting the retirement risk to employees. This made Eric reconsider traditional beliefs about retirement saving and question his role as an actuary so he joined the lucrative technology industry. A few years later, Eric lost a fortune during the dot-com crash of 2001 and he started looking for ways to earn passive income and stop trading time for money. He started various businesses, including a gourmet sauce company, but eventually came back to his first love, real estate investing, and formed MartelTurnkey. After just four years of rapid success, he was able to retire from his day job. Today, Eric wants to share what he has learned through his own experience so that we don't make the same mistakes he did. Financial Freedom should be everyone’s #1 goal because it is inevitable and the best way to achieve that goal is through rental properties that generate passive income. Welcome to the show Eric! Key Parts From The Episode: Eric’s upbringing, growing up in a middle-class family. Getting introduced to real estate investing. Finding mentors and learning from other real estate investors.Finding and investing in his first deal at only 18 years old.How to overcome limiting beliefs. Moving away from a traditional way of thinking.Why investing in rentals is a better form of retirement saving, than traditional plans like Roth IRA’s. Inflations negative impact on traditional forms of retirement investing.The barriers people typically face when trying to achieve financial independence.What is Martel Turnkey?Why it’s important to build multiple streams of income. Books/resources mentioned: Marteleric.comMartelturnkey.comWhat Got You Here Won’t Get You There by Marshall GoldsmithCheck 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 Dave Holman. With over a decade of experience, Dave is a triple threat; commercial broker, syndicator/investor and co-owner of Katahdin Property Management. Dave grew up in Maine and attended Carleton College in Minnesota, focusing on Latin American Studies and Environment and Technology Studies. His first investment took place right out of college when he co-founded a multi-lingual retail chain in Bolivia, The Spitting Llama Bookstore and Outfitter. After earning his MBA and spending 9 years in nonprofit leadership and fundraising, Dave dove into real estate investing to make the world a healthier and happier place. Dave now co-owns over 130 commercial and residential units in Maine and has a 57 unit new construction project underway. Dave specializes in driving NOI through energy efficiency and creative solutions with refugee and immigrant tenants. Outside of real estate, Dave is a distance athlete and the author of three books: Youth Renewing the Countryside, Coffee Smugglers, and Cyber Fire.Key Points From The Interview!What energy conservation is and how it plays a role in real estate investing.Why heat pump systems are better than traditional heating systems.How simple things like Insulation save on property energy expenses.State and Federal incentives for clean energy management.Air filtration systems and how they are essential in a post-pandemic world. Books Mentioned: Investment Biker By Jim Rogerswww.holemanhomes.comCheck 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 Douglass Lodmell. Douglass is a  Managing Partner of Lodmell & Lodmell, P.C., one of the nation’s leading Asset Protection Law Firms. Today, Douglass' law firm is responsible for protecting over $4 Billion in client assets. Douglass spends much of his time teaching, speaking, and leading thousands of business owners, corporate executives, investors and other professionals who have often worked most of their lives to accumulate wealth of various types, including real estate and securities. Douglass is also the author of the book The Lawsuit Lottery: The Hijacking of Justice in America.Key Points From The Episode: -Douglass' start in risk management on Wallstreet. Then working in the legal system.-Understanding the meaning of risk. -The amazing returns associated with real estate investing.-Asset protection and lawsuits. How they impact each other.-The three levels of asset protection.-The importance of protecting your personal name.-How much protection do LLCs actually provide?-Asset protection trusts and holding companies. Books mentioned:W. Edward Deming's Total Quality ManagementCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's Ritter On Real Estate Guest is Bill Neville. Bill Neville joined The Entrust Group eight years ago through his initial role as Manager of Operations for the company’s franchise program. When the program was discontinued, Bill stepped up to the task of managing the Compliance and Internal Audit departments. With a keen eye for detail and gaining valuable insights into the IRA industry, Bill kept Entrust’s educational programs and internal processes in line with industry regulations. Bill actively takes pride in the company’s growth and success and is currently the Business Development Manager for Entrust’s San Francisco Bay Area office.""Bill Neville joined The Entrust Group eight years ago through his initial role as Manager of Operations for the company’s franchise program. When the program was discontinued, Bill stepped up to the task of managing the Compliance and Internal Audit departments. With a keen eye for detail and gaining valuable insights into the IRA industry, Bill kept Entrust’s educational programs and internal processes in line with industry regulations. Bill actively takes pride in the company’s growth and success and is currently the Business Development Manager for Entrust’s San Francisco Bay Area office. Welcome to the podcast Bill! Key Points From The Episode: How Bill got his start in managing/recovery auditing/financial advising.What Entrust Group is and isn’t. Custodian & record keeper for individuals.The definition of self-directed retirement planning.The freedom included with self-directed retirement accounts.Why most financial advisors limit their investment opportunities for consumers.Roth IRA & 401K transfers, rollovers, brokerage changes explained.The benefit of self-directed IRA’s.What potentially disqualifies your self-directed IRA.IRA’s owning assets, how it works.Books Mentioned: Sapiens: A Brief History of Humankind by Yuval Noah HarariCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today’s episode of Ritter On Real Estate, we chat with Yonah Weiss. Yonah is a self-described “powerhouse” when it comes to helping property owners with tax savings. As Business Director at a national cost segregation leader, Madison SPECS, Yonah has assisted clients in saving tens of millions of dollars on taxes through cost segregation. Over the past 15 years, Madison SPECS has done over 16,000 cost segregation studies covering all 50 states, resulting in over $3 BILLION in tax savings. In addition to helping investors save on their taxes, Yonah is the founder of Real Estate Connections a virtual meetup group hosted every Wednesday at 7 pm EST which allows individuals to learn and network with other multifamily experts. Welcome to the podcast Yonah! Key Points From The Episode: Yonah’s background & upbringing/ his passion for helping others.Starting his career as a teacher, then transitioning to real estate.Why real estate investing is a great vehicle for wealth building.The importance of having a growth mindset.Understanding that passive investing still requires being active. What is cost segregation? The role cost segregation plays in real estate investing/taxes.Bonus depreciation laws explained. Offsetting taxes in Real Estate Deals.How networking positively impacted Yonah’s life and business. Books Mentioned:Jab, Jab, Jab, Right Hook By Gary V. Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio