The Dealpen
I'm your host, Avi Rasowsky, and I’m excited to introduce you to this podcast!
This is your backstage pass to hear untold stories from crafty real estate investors. As a former bullpen pitcher, turned real estate investor, I’ll be sharing some of the similarities between sitting in the bullpen, waiting for that high-pressure moment to come into a baseball game, to now, waiting for my chance to dive into complex real estate deals.
But more importantly, we’ll be learning from a wide range of experienced, knowledgeable, and relentless real estate investors who don’t know the meaning of giving up when a deal gets to be challenging.
In The Dealpen, we'll explore some of the most difficult barriers to getting deals done, and how to overcome them with creative methods. We’ll be diving into foreclosures in the bottom of the ninth inning, messy title situations, complex probate issues, financing, and everything in between.
But here's the pitch: real estate and baseball? They're more alike than you think. Both require strategy, teamwork, and learning from others' experiences.
Just like in the bullpen, where teammates might share notes on how to face specific batters in crucial game situations, here in The Dealpen, we'll share insights from investors who are flipping houses, renting out properties, creating owner finance notes, and much more. We’ll also chat with private lenders, attorneys, and other professionals who will help you navigate the wonderful world of off market deals. Because in real estate, something always goes wrong. But with insights from our guests, we'll learn how to tackle those curveballs together.
So, grab those headphones and join me in The Dealpen, and let’s build wealth, one deal at a time!
The Dealpen
From Office Buildings to Houses to Car Washes and Everything In Between with Jim Kittridge
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
- “It's refreshing to see even from the very beginning of your first deal, you've been open to partnerships. I always like to see how people balance that between building it all on their own versus equity share.” - Avi Rasowsky
- "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/
YouTube: http://www.youtube.com/@jimkittridge
Email: jim@rothcapital.com