Ritter on Real Estate

Mitch Stephen has been a self-employed RE investor for 25+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.Mitch Stephen has purchased well over 2,000 houses in and around his hometown of San Antonio, TX. A high school graduate, who never stopped learning. Books, CDs, seminars and webinars were his classroom.Today he specializes in owner financing properties to individuals left behind by traditional lending institutions and giving new life to properties that scar the neighborhoods.He has perfected a method of achieving cash flow without having to be a landlord and without having to rehab properties. He’s mastered the art of raising private money and the classic “Nothing Down” deal.He has pioneered the idea that you don’t have to give discounts to sell your notes.A passionate speaker who delivers the message of integrity first and profits second; an expert at keeping it simple and explaining, in plain English, the theories that made him financially independent. He is always an inspiration to those around him.Mitch has been interviewing for his podcast for over 3 years and has more than 400 great guests.  Link here: www.1000houses.com Key Points From The Episode: How Mitch Stephen stumbled into real estate investing. Buying 45 houses his first year.Seeing opportunities everywhere as an entrepreneur.Buying his first 100 houses with credit cards.Owning multiple other businesses allowed him to invest in real estate.How to develop partnerships with other individuals.Developing “Cash Forever” strategies.The advantages of using seller financing.Doing on average 100 deals per month.Why buying properties undervalue is essential. Money is made on the buying of a property, not the selling.Loaning money to other real estate investors. Books mentioned: The BibleThink & Grow Rich By Napoleon HillNothing Down By Robert AllenCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Tim is a 16 year veteran of the New York City Fire Department (FDNY) and currently serves as a lieutenant in the borough of Queens. Until recently, he also worked part-time as an emergency room RN at a level 1 trauma center. He brings years of real-world management and leadership experience to his real estate investment career.Tim’s initial goal with real estate was to create passive income and in turn, be able to spend more time with his wife and three little girls. After partnering on a multifamily property he saw first-hand the power of real estate investing as an opportunity to create passive income and build wealth for his family.He started Cityside Capital with the goal of not only growing his own portfolio but also to help others realize the power that real estate investing can have on creating passive income and building wealth.Cityside Capital has $79 million of assets under management including 561 multifamily units. Tim has also invested as a limited partner in 256 multifamily units in Texas and in a large retail supercenter in Tennessee.Tim attributes his early success in real estate investing to education, investing in coaches and mentors, and surrounding himself with like-minded people.In April 2021, Tim became an Amazon #1 bestselling author in a book he co-authored with other authorities such as The Real Estate Radio Guys’ Robert Helms, Jim Rohn’s 18-year business partner and master marketer, Kyle Wilson and many more, called "Bringing Value, Solving Problems and Leaving a Legacy". https://bit.ly/Podcast-One-Pagerhttps://www.linkedin.com/in/tim-lyons-cityside-capital/https://www.facebook.com/tim.lyons.712/https://www.facebook.com/CitysidecapKey Points From The Episode: Working as an ER nurse, firefighter, then becoming an investor.How 9/11 impacted Timothy’s life and family. Educating himself on real estate... Reading Rich Dad Poor DadClosing his first multifamily deal.Overcoming limiting beliefs.Understanding that you can't save your way to wealth.The power of equity, using other people's money.Learning about taxes.Scaling past small multifamily deals.Realizing that real estate is a team sport.becoming a general partner/syndicator.How to overcome limiting beliefs.Real estate investing being the best way to build wealth. Books mentioned:The Story Brand by Donald MillerCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Todays #RitterOnRealEstate guest is Paul Moore. After a stint at Ford Motor Company, Paul Moore co-founded a staffing firm where he was finalist for Michigan Entrepreneur of the Year two years straight. After selling the staffing firm to a publicly traded company, Paul Moore began investing in real estate, founded multiple investment and development companies, appeared on HGTV, and eventually completed 85+ real estate Investments and exits, including a large multifamily development. He has contributed to Fox Business and is a regular contributor to Bigger-Pockets, producing live video and blog content regularly. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been a featured guest on 200+ podcasts. Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing and Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Key Points From This Episode: Stumbling into real estate in 2000 after working for Ford Motor Company and selling a staffing company. Early interests in real estate syndication. The importance of good margins when buying and selling deals.Acquiring assets from Mom & Pop sellers.The value-add opportunities that come with buying from Mom & Pop sellers.Undercapitalized and mismanaged deals.Why mobile home parks are underrated investments. Forced appreciation and why it's important when investing in real estate. The importance of time management. Books Mentioned:Mastering the Market Cycle by Howard MarksThe One Thing by Gary KellerCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Rafi Mizrahi is an out of country real estate investor. He has been investing since 2010 and has developed the skillset to overcome investing out of country. He has extensive experience in raising money from out of state investors building and managing professional teams all over the country, Property Valuation, negotiating an acquisition. Rafi started as a single-family investor, and since 2010 he has been involved in more than 300 transactions as the acquisition partner and as a capital raiser. In 2017, he shifted the focus to multifamily and he syndicated 766 units worth more than $50 million dollars.Key Points From The Episode:  Rafi starting off as a java developer, getting laid off in 2007.How reading Rich Dad, Poor Dad changed his life.Shifting from investing in Israel to USA.The amazing knowledge transfer in America.Figuring out how to invest in American deals from Israel. Starting in single family, transitioning to multifamily.Problems that come with trying to scale in a single family niche.The importance of buying properties undervalued.Doing due diligence on individuals, in addition to the properties.How to build a team from another country. Finding good mentors.What to look for in a property manager. Books Mentioned: Rich Dad, Poor Dad By Robert Kiyosaki Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In todays episode of #RitterOnRealEstate we sit down with Jim Monk. Jim is the President of CLOZZITS. CLOZZITS has developed a program to increase rents 3%-5% while improving the Net Operating Income (NOI) and Asset Value. All without multifamily owners laying out much capital. His goal is to differentiate beyond the normal amenities and tap into a new area of construction development, renovations, and property management. In this conversation, Jim shares his stories and experiences he’s picked up as a business owner navigating the multifamily industry. Jim expertly discusses what led to this passion, supporting information and why companies like Katerra, Harbor Group, MMA, and Pinnacle are seeing space optimization as a game-changer in turns, make-readies, and new construction. Creating more space for residence is more of an issue than most owners think, and Jim is changing how investors, owners, and managers look at the closet, which can provide an immediate rent increase.Key Points Discussed In This Episode: The importance of multifamily finding additional revenue where they’d least expect it.Running 3 financial service companies & transitioning away from those businesses before 2008.Discovering the importance of closets in investment properties.How higher quality closets lead to 3-5% rent increases in B-C class properties.What goes into improving rental closets. The positive impact closet renovations have for the tenant.Material costs affecting capital expenditure budgetsOwning 5,000 units.Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In todays episode of #RitterOnRealEstate we sit down with Damion Lupo. Best-Selling Author of a dozen books on personal finance, investment and retirement strategies, Damion is on a mission to free 1 million people from financial bondage.He hosts the Financial Underdogs podcast, ripping conventional wisdom apart for the Main Street investor looking for truth about money and investing. Not only has he started 50+ companies, he even founded his own martial art, Yokido®. Damion developed the ultimate investor retirement tool called the eQRP®. His strategy gives individuals total control of their retirement money to invest in real assets like real estate, gold, and crypto.Key Points From This Episode:The importance of trying new things and failing.Defining your mission (mission over money)Freeing 1 million people from financial bondage.Living life with purpose and developing true passionEliminating negative elements from your everyday life.Mindset over systems.Taking control and building self responsibility.Overcoming a victim mindset.How to decide where to allocate your money.Self managing your retirement.Only compare yourself to your potential.Detoxifying your life.Slowing down and understanding the greatness of stillness.Books mentioned: Mastery By George LeonardCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In todays episode of #RitterOnRealEstate, we sit down with Dave Dubeau. Dave has been an entrepreneur since 1993 and a real estate investor since 2001. During his tenure investing, Dave has done deals ranging from creative no-money down transactions, rent-to-owns and more recently multi-family properties. Dave is an author of seven books and has been teaching and coaching people about marketing, real estate, and finance since 2006. He’s also shared the stage with the likes of Robert Kiyosaki of Rich Dad, Poor Dad, Robert Herjavek from Shark Tank, legendary boxer George Foreman among others.Key Points From  This Episode:Starting a business in Costa RicaMoving back to America and getting into Real Estate.Doing 18 deals in 18 months.How Dave got his start in teaching/training others.The hardships when first raising investor capital.The falsehood of the “Find a deal, and the money will come” montra.What is easy capital?How to build trust on a personal level with potential investors.Keeping it simple for new investors.Keys to success.Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

On today's episode of #RitterOnRealEstate, we get together with Mark Willis to learn all about his extensive expertise in financial planning and wealth management. Mark is a CERTIFIED FINANCIAL PLANNER, a THREE TIME #1 Best Selling Author and the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. Over the years, Mark has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions. He specializes in building custom-tailored financial strategies that are unknown to typical stock-jockeys, attorneys, or other financial gurus.Key Points From This Episode: Introduction of today's guest Mark Willis.Mark’s first memories of money as a child.Fractional reserve banking and why it's important to the everyday Joe.Being a new financial planner in 2008.How reserve requirements changed for banks in the 2020 Pandemic.The poor rate of return that comes with banking.How the contract is the bed of civilization. Building relationships= building contracts= building wealth.How to define what our money should be doing for us.What is Dividend Paying Whole Life Insurance?Whole life insurance banking on yourself. Some of the downsides to Dividend Paying Whole Life Insurance.How using cash breaks compound growth.Questions investors should ask their deal sponsor. Books Mentioned: -Bank On Yourself: The Life-Changing Secret to Protecting Your Financial Future By Pamela Yellen-The Road Less Stupid: Advice from the Chairman of the Board by Keith J. Cunningham-Rich Dad Poor Dad by Robert Kiyosaki Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

Today's guest Nikolaï Ray is the founder and CEO of MREX. He’s regarded as one of North America’s leading experts in apartment investing with over CA$1 billion in analysis and transactions. A leading expert in multifamily financial engineering, he’s often called to stand in as teacher, adviser, and speaker. He is also a real-estate technology pioneer with his current work on multifamily real-estate property tokenization with block chain.Topics Included in this episode:An educated approach to multi family investing.Failing hard and getting up harderThe struggle with real estate educationNikolai’s upbringing > Decentralization of real estate investingMultifamily Financial engineering, using math to investHow the market has changed, understanding syndicationUnderstanding how to use levers and outcomesUnderstanding IRR manipulationThe variables that affect cap rate Net Present Value explained How investing in knowledge yields a higher return Using blockchain to invest in real estate Democratization of Real Estate Nikolai’s keys to successCheck us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio

In todays episode of #RitterOnRealEstate, we sit down with Debra Wyatte, Chief Experience Officer at Cecilian Partners. Debra brings well over a decade of customer experience expertise working with community developers, production home builders, and Homeowner Associations. Having worked with over 100 MPC's across the country, Debra leverages trends in design, operations, and programming that improve resident engagement. Through strategic social programming and planning she brings to life community pillars and/or developer visions like health and wellness Debra holds a Bachelor of Science in Park and Recreation and Tourism Management from Indiana University. She is an active member of the Urban Land Institute on a national and local level. She is a member of the Community Development Council (CDC) Green, ULI's Health Leader Network, and Building Healthy Places Committee in Colorado. Key Topics In This Episode: Debra’s background planning events and creating experiences.How Debra Wyatte got into community developmentConnecting with consumers and understanding their journey. Creating interactive experiences for potential tenants.How to capture and understand consumer insights.Technologies impact and role on Real Estate in the future.Developing Humanistic approaches to dealing with the consumer. Check us out on socials: Instagram LinkedIn Youtube https://hudsoninvesting.com/ Production by Outlier Audio