What it Takes to Succeed in Real Estate with Kent Ritter

Kent Ritter is a former management consultant, start-up owner, and corporate executive turned full-time real estate investor and operator. Kent has achieved financial freedom, and now he is on a mission to empower others to do the same through multifamily investing.  Kent is dedicated to teaching others how to make good investing decisions. He is the host of the Ritter on Real Estate podcast and YouTube channel where he provides impactful interviews and practical tips for investors. His goal is reflected in the show’s motto to help others “Invest like a Pro!” Additionally, Kent hosts the monthly Indianapolis Multifamily Investing Meetup, which is an amazing group of active and aspiring multifamily investors.

 

[00:01 - 06:58] Opening Segment

Get to know Kent Ritter
Helping companies solve big problems
Kent talks about his management consulting career and more
What makes your business work?

 

[06:59 - 15:59] What it Takes to Succeed in Real Estate 

Kent’s Key Takeaways from Management ConsultingCulture
Connection
Accountability

Fair Housing and treating every tenant the same way
How to Build a Company that is Aligned with Your Mission and Vision

 

[16:00 - 29:19] Succeeding with the Right People

Applying the Who Not How Philosophy to Kent’s Business
Maintaining the abundance mentality
Kent, Director of Acquisitions
Making a Three-Year Map
When is the best time to make that next hire?
The Pareto Principle
What’s the best and worst thing you can do?

 

[29:20 - 38:50] Closing Segment

Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.

What is the best investment you've ever made other than your education?His family
Consulting firm

Kent’s worst investmentSyndication on the equity side

What is the most important lesson that you've learned in business and investing?“Done is better than perfect.”

Connect with my guest. See the links below.

 

Resources Mentioned:

Who Not How

 

Tweetable Quotes:

“I don't expect you to do it perfectly every time but I do expect you to do it better next time than you did this time.” - Kent Ritter

“Specificity of focus is extremely important.” - Kent Ritter

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Connect with Kent Ritter through Instagram, Twitter, and LinkedIn.  Check out Ritter on Real Estate Podcast on Apple Podcasts and Youtube.  Visit their website https://www.kentritter.com/. 

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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