Welcome to Ritvest on the 10s, the monthly newsletter you never knew you always needed. Straight from the mouth of RItvest CEO, Eric Ritvo, we’re sharing a few of our favorite things in real estate and beyond.
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Denver Deal!
The housing market
My friends at Quantum Capital have found another gem in Denver – The Wolcott, the former home of the Coors family and the Eisenhowers – to acquire and operate. This is another low leverage, solid cash flow deal in a prime location. Documents are still being drafted and let me know if you want to see them when ready.
Let’s chat about it
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Midwest Multifamily
With current investments in Kansas City, Columbus and Oklahoma City, seeing articles like one makes me smile.
Shaping the midwest
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Declining 401(k)
Did you know that on average most people’s 401(k) plans took a 23% hit in 2022? I knew they were down, but ouch. And some of you wonder why I started investing in real estate…
What’s happening?
Real Estate Lingo
NOI:
NOI stands for net operating income or profitability of an investment. It is calculated by taking a property’s revenues and subtracting expenses.
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Who's in Charge?
Ritvest believes that the operator matters as much – if not more – than the property, the market and underwriting. The operator drives NOI which helps to ensure a return on your investment.
Why Operators Matter
CRUSHING IT TIP #27
When going skiing, don’t forget to bring your boot bag to the mountain.
#crushingit
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The Oscars!
The Oscars are this weekend and while the days of big Oscar-watch parties are no more, they still hold my attention.
I always enjoy this anonymous feature from the Hollywood Reporter:
Brutally Honest Ballot
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Schadenfreude on Steroids
We all have our guilty pleasures – mine is Vanderpump Rules. The intense drama splashed all across the interwebs this week (even the New York Times picked it up), so if you want the full scoop, read this primer.
Are you #TeamAriana?
QUOTE OF THE MONTH:
Nothing can take the sting off the world’s economic problems like watching millionaires present each other golden statues. ― Billy Crystal
Why I do this:
For the past two decades, I’ve lived at the crosshairs of entrepreneurship, M&A deals, business plans and startups. I often say I’m the happiest guy in every deal, because I know that when experts come together, the results can be exceptional. This experience led me to create Ritvest, a family-run investment group with a focus on people and communities built to endure and thrive over time. Thank you for allowing me to share a little part of myself and the products, people and places I believe in with you here every month. Let’s build something great together.
Disclaimer: Ritvest on the 10s is the product of Eric Ritvo and Ritvest. It is not investing advice. Heck, it is not any advice. It is stuff I put together and then lives on my website. This is barely marketing. Ritvest was founded with an abundance mentality, the ability to pick and choose and working with people we like. This is not an advertisement for anything other than connecting with me.
Their Story
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