From Office Buildings to Houses to Car Washes and Everything In Between with Jim Kittridge
Manage episode 437153079 series 3575913
In episode 12 of The Dealpen, Avi Rasowsky interviews Jim Kittridge, Principal at Roth Capital, as he shares his journey from tech founder to successful real estate investor. Jim discusses his transition into real estate, his strategies for building a diverse portfolio, and his insights on the current real estate market.
Tune in as we gain valuable insights into the world of real estate investing.
TIMESTAMPS
[00:01:21] Midlife crisis in mid-20s.
[00:06:41] Diversifying real estate investments.
[00:09:20] First office building deal.
[00:13:19] Coworking venue challenges.
[00:16:50] Direct-to-seller marketing strategies.
[00:20:32] Building real estate portfolio growth.
[00:24:21] DSCR loans for commercial properties.
[00:29:03] Building relationships in real estate.
[00:33:31] Self-directed retirement accounts.
[00:37:05] Building a real estate portfolio.
[00:42:22] Single-family real estate investments.
[00:43:27] Challenges of managing multiple properties.
[00:48:56] Encouraging real estate investment.
[00:51:31] More deals to be had.
QUOTES
- "Looking for upside primarily. If I can sell it, if it's worth a 7% cap rate, then I want to be able to buy it at a 9 to a 10% cap rate. So I can capture that upside. Whether I refinance it and keep it forever, or if I sell it, I can, you know, make some money, make it worth the gray hairs." - Jim Kittridge
- "Most business owners are pretty good. If they can't pay, they tell you. Then you find a way out. Whereas some tenants in houses fight it for as long as they can and make excuses for as long as they can. And it gets ugly for no reason." - Jim Kittridge
SOCIAL MEDIA LINKS
Avi Rasowsky
Instagram: https://www.instagram.com/avirasowsky/
Facebook: https://www.facebook.com/avi.rasowsky
LinkedIn: https://www.linkedin.com/in/avi-rasowsky-b600a18/
Jim Kittridge
Instagram: https://www.instagram.com/jimkittridge/
LinkedIn: https://www.linkedin.com/in/jk0000/
13 episodes