Ritter on Real Estate

Today's #RitterOnRealEstate guest is Rod Khleif. Rod is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.Rod is Host of the Top-Ranked iTunes Real Estate Podcast which has been downloaded more than 10,000,000 times – “The Lifetime Cash Flow Through Real Estate Investing Podcast.” Rod is the author of “How to Create Lifetime Cash Flow Through Multifamily Properties” considered to be an essential “textbook” for aspiring multifamily investors.As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 100,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment and business development trainers. Welcome to the show Rod! Key Points From The Episode: Rod’s humble beginnings coming to America.His mother inspiring him to get into real estate - buying the house across the street.How he went from $8k to $100k in 3 years as a real estate agent. Success is a mindset game.Rod’s networth going from being up $17,000,000 in 2006 to losing $50,000,000 in 2008.The importance of goal setting.Letting your WHY drive you.Recognizing that Real Estate is a team sport.The importance of giving back to the community. - Feeding 100,000 families.Owning 2000+ multifamily units.Understanding that what you give comes back to you in the long run. Why owning 800 houses wasn’t ideal. Multifamily being easier to manage. Books Mentioned:The 5 Love Languages by Gary ChapmanTurning Pro By Steven PressfieldThe One Thing By Gary KellerMiracle Morning By Hal ElrodText "rodinorlando" to 72345 for a discount ticket to Rod's event.Text "gpquestions" to 72345 for a free book of general partner questions.https://rodkhleif.com/Transcript:Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Since 1993, Jerome Maldonado has been a self-employed Entrepreneur. Inspired by his parents’ dedicated work-ethic, Jerome has always had a hunger for success and a willingness to do whatever it took to make his vision for his life a reality.Jerome began his career in direct sales, where he was first introduced to team building, sales techniques, and real estate concepts. After years of hard-work with minimal return, Jerome hit success - big time. By his mid-20’s Jerome moved from making close to nothing to managing his own six-figure business.Over the course of his career, Jerome has founded multiple highly successful businesses. In 2003, Jerome Maldonado founded J. Jacob Realty, LLC., which he is still currently the active Qualifying Broker. J. Jacob Realty, LLC was put into place to complement its sister company J. Jacob Enterprises, Inc, which was founded by Jerome Maldonado in 2000. He is still the active President and CEO of J. Jacob Enterprises, Inc. and the Qualifying Broker for J. Jacob Realty, LLC. Additionally, he is the founder of several other corporations and an investor and equity owner in several diverse companies and industries.Today, Jerome is excited to bring over 20 years of professional experience to the world’s business owners and entrepreneurs. He can’t wait to share his knowledge to help other hungry people take their lives to the next level.Key Points From The Episode:Positioning yourself with stable assets in a foreseeable economic crash.Entering the market based on the people you’re working with.Having good faith in business partners.Understanding being an active-passive investor.Finding your niche in your market.Scaling your business through good partnership.Being proactive in the game.Starting small, growing fast is good but growing smart is even more important.Understanding where your money is coming from and how it’s working for you.Books mentioned:The Power of Positive Thinking by Norman Vincent PealeThe Holy BibleCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's Ritter On Real Estate guest is Scott Krone. Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone’s responsibilities included notable projects such as the 400-unit Cormandel in Deerfield, IL, the 40-unit HedgeRow in Winnetka, IL, and the 51-unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets. Since its inception, Coda manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $55 million.Krone has authored High Performance Homes – Navigating the Green Road to YourDream Home, a book for homeowner’s seeking to incorporate green technology intotheir home.Most recently, Scott also founded a revolutionary storage business The One StopSelf Storage. It’s committed to make its members’ time of transition rewarding andstrives to remove challenges and hurdles commonly found in the industry. The OneStop brand is built upon the premise of providing the best in storage solutionscontained in sustainable, renewable construction and it’s located in WI, OH, KY andME (Milwaukee, Toledo, Dayton, Ellsworth, and soon to Louisville and Chicago).Key Points From The Episode:From being an architecture graduate to understanding the roles of a developer.Appreciating the impact of structuring a deal.Understanding supply and demand in your market.Self Storage and why it’s so predictable. Beating the competition by cutting prices safely.Comparing capital splits in competitive rate of returns.Evaluating deals through understanding structures and risks.Importance of having mentors in your career.Listening to what your gut tells you and avoid second-guessing your decisions.Drivers for self-storage.Due diligence and the lack thereof can make or break a deal.Taking the leap and moving forward.Books mentioned:The Road Back To You by Ian Morgan KrohnCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's Ritter On Real Estate guest is Denis Shapiro. Denis began investing in real estate in 2012 when the market was just beginning to recover from the GFC (Global Financial Crisis). He built a cash-flowing portfolio including many alternative assets, such as Note and ATM funds, mobile home parks, life insurance policies, tech start-ups, Industrial property, short-term rentals, and more. He co-founded an investment club for accredited investors in 2019. Following the success of his investor club, he launched SIH Capital Group. SIHCG provides accredited investors with a simplified strategy to invest for passive income.Denis has observed key changes in the alternative asset market in the decade of recovery from the GFC. The JOBS Act of 2012 opened many alternative assets up to everyday investors, but clear expertise and guidance is still hard to find nearly a decade later.This observation compelled Denis to write The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways in 2021. His book is based on his own experience becoming a successful alternative asset investor and interviews with some of the best alternative asset investors in business today.Key Points From The Episode:Starting off with traditional investment vehicles.The realization that there’s a lack of growth in traditional investments.Building a diverse portfolio.Networking, due diligence, and underwriting alternative investments.Meeting other syndicators in conferences for additional knowledge.What to look for in a sponsor.Advantages of diversifying deals by getting a partner.Deploying multiple deals with different sponsors.Basics of Financial Independence Retire Early (FIRE) movement.What happens after you retire?Finding the ultimate life goal in commercial real estate.The idea of saving versus investing in continuing the income streamThe misconception about being 100% “passive”.Importance of learning the basics of underwriting.Books mentioned:The Alternative Investment Almanac by Denis ShapiroCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

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 RingerCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In today's episode of #RitterOnRealEstate, we sit down with Sam Bates. Sam is the founder and CEO of Bates Capital Group. Sam started his real estate journey in 2009 and has been directly involved in the acquisition, reposition, disposition, and asset management of over $150,000,000 in AUM. His portfolio currently has 924 units in Texas, Mississippi, Georgia, and Florida. Sam and his partners have roughly another 250 units in the pipeline to be developed. Sam spent over a decade in Corporate America working in various consulting, finance, and accounting positions. He quickly realized a W-2 job was not going to satisfy his desire to help people improve their lives. Once Sam started investing in real estate, he quickly realized how powerful real estate is and decided this was how he wanted to help others meet their goals and create generation wealth to leave their legacy.Sam has a Bachelor of Science degree from Texas A&M University in Finance, an MS in Personal Financial Planning, and an MBA from Texas Tech University.  Key Points From The Episode:Building a business from the ground up.Partnering with the right people with the same values and vision.How the return profiles differ from an acquisition side to a development side.Components of market evaluation.Enhancing value by gaining supplementary knowledge.Entering a new market and managing from afar.Shifts in capitalization rates and how they affect investors.The Importance of revenue management system.Understanding ROI and how it is an important factor in evaluating a deal.Books mentioned:Who, Not How by Dan Sullivan and Dr. Benjamin HardyCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Andrew Kerr is the founder of FI by REI, a company dedicated to helping individuals in the nonprofit sector achieve financial independence through real estate investing. As someone who has dedicated his life to helping others through working with nonprofit organizations, Andrew is passionate about making sure mission-driven people don’t have to sacrifice their financial wellbeing to do the work they love. Because of his success in real estate investing, Andrew has been afforded the ability to focus his efforts on the nonprofit sector. He has scaled two small nonprofits to over $1M a year in revenue/donations and is working towards a goal of raising $25M for charity. He now spends his time with his wife in New Orleans, raising money for nonprofit organizations, helping educate readers and listeners about the power of Real Estate Investing to achieve Financial Independence, and traveling the world.Key Points From The Episode:How Andrew Kerr managed to build a business from the ground up.Real Estate as a tool for financial security.Transitioning from actively investing in syndication to passively investing.Deleveraging to limit risks and exposure.Adapting a forced savings strategy.Learning a lot of lessons from multi-millionaires.Doing due diligence upfront on a deal.Passively investing doesn’t equate to complacency.Funding a non-profit through passive investing and doing the work that you love.Personal growth happens when you learn from your mistakes.Books mentioned:Profit First by Mike MichalowiczCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today’s Ritter On Real Estate Guest is Lisa Hylton. Lisa is the founder of Lisahylton.com and real estate investment company that provides opportunities for entrepreneurs and business owners to invest in tax-efficient real estate investments. Lisa is also the host of The Level Up REI podcast which airs every Tuesday and the first Thursday of each month for Conversations with Passive Investors. Lisa Hylton is a CPA with approximately 10 years of audit experience from PwC and 4 ½ years as a controller on private equity real estate funds at a Los Angeles Investment Firm, Ares Management.  Her current mission is to provide podcast episodes and investment opportunities for entrepreneurs and business owners to level up their businesses and real estate investing to build long-term wealth and financial freedom.Show Notes:Growing up in a property management family.Buying her first home in her early 20’s.Learning the value of a property management company.Taking a private equity job auditing and controlling funds. What is Syndication and how it looks at a fund level.How the fund model works.Determining if passive investing is for you.How to determine investment strategy when investing in syndication deals.Setting realistic expectations. How investors should look at their deals. -Lisa’s checklist.The importance of investing for cashflow and appreciation.Decreasing execution risk.The waterfall structure or a syndication deal.Red flags to look for when investing in a syndication deal.How funds and investors are compensated. Recession-proof investing tips. Books mentioned: The 42 Week Year by Bryan Moran and Michael LenningtonContact Lisa: Instagram: @lisahyl, @thelevelupREIFacebook: https://www.facebook.com/lisa.hylton.92The Level Up REI Podcast Group: https://www.facebook.com/groups/787834775013292/Linkedin: https://www.linkedin.com/in/lisa-hylton-0b992815/Twitter: https://twitter.com/LisaHylton16Check out her Passive Investing Made Easy video and blog series and Investing Passively in the US video and blog series at www.lisahylton.com and on her Youtube page called Lisa Hylton. Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's #RitterOnRealEstate guest Joshua Ferrari specializes in raising private capital, locating, negotiating, & acquiring value-add multifamily assets, & teaching others how to follow in his footsteps. Joshua’s ability to raise private money has gotten him the title of primary capital raiser at over $7,000,000 raised in less than 3 years of his real estate journey. He currently has over $5.5MM AUM which equates to 91 units in my portfolio. Key Points From The Episode:How Joshua Ferrari started into real estate investing from scratch and learning from mistakes along the way.Learning about Syndication and taking advantage of the concept.Partnering with people who have the right skill set to get the job done.Picturing out what your lifestyle is going to look like.Taking advantage of having a localized business.Creating a mindset shift in upscaling the business.Just get started and learn things as you go.Writing a vivid vision for life and business.The importance of getting everyone on the same page to chase the same thing.The Importance of having systems and processes in place.Getting reliable referrals to get insights and perspectives from.How persistence pays off.Books mentioned:Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks Vivid Vision by Cameron HeroldCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Full-time real estate investor and real estate agent from Fort Worth, Texas. Max began his real estate career wholesaling, completing fix and flip rehabs, and acquiring rentals. After completing over 100 deals in multiple states, he looked for a better way to more easily scale his real estate business and started writing lead generation books. Max, a best-selling author of multiple books, travels the U.S. teaching people the advantages of using books to enhance their lead generation and lead conversion. Max is a member of multiple masterminds and some of his titles include consultant, teacher, investor, real estate agent, author, speaker, and expert panelist.Max earned his BBA in Finance from the University of Texas in Austin and his MA in teaching from Louisiana College. He has over 15 years of experience in real estate, finance, and teaching.Key Points From The Episode:How Max Keller started investing in real estate from being a math teacher.Having a niche market is important.Understanding your goals as an investor.The power of trust in making deals happen.Educating people is the best way to get clients.Knowing whether the investment matches what you want and what’s right for you.Evaluating a person is important for private lenders.How building a connection is more important than immediately closing a deal.Don’t get hung up on the asset class.Authenticity and trusting your instincts.Nothing is passive. Everything is work.Knowing your backup plan when Plan A doesn’t work.Having a bigger purpose in life and business.The joy of helping people is more fulfilling than just making money.Books mentioned:It Takes What It Takes by Andy Staples and Trevor MoawadEssentialism by Greg MckeownDeep Work by Cal NewportCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio