10 Feb Vol 2: Electric Boogaloo
The best Ritvest minute of your month
Product I Love
Lick Lick Pad
Pick your Lick
Deal I'm Doing
Seated at Rocky Mountain National Park, Estes Park is a classic Colorado mountain town. For those unfamiliar, the infamous hotel from The Shining was filmed here. With 4,000,000 annual visitors to the National Park, Ritvest saw this as a great Opportunity Zone investment in two soon-to-be renovated hotels.
CRUSHING IT TIP #2
Never leave dishes in a sink overnight.
You’ll feel better in the morning. This has been scientifically proven by some influencer, somewhere. #crushingit
Worth a Listen
The Big Picture Podcast
Denzel me, baby
Real Estate Lingo
Opportunity Zone (n.)
As chosen by each state, these are specifically designated areas where people can receive beneficial tax treatment in exchange for new, long term investments.
Opportunity Zone Fact
In January, the IRS ruled that for any capital gains incurred between October 4, 2019 and October 2, 2020, you can now invest those capital gains in an open QOZ Fund until March 31, 2021. Pretty remarkable stuff. I continue to be fascinated by Opportunity Zones.
Learn more about my OZ Investment Strategy
Stuff You Never Knew You Needed to Know
Here’s your answer
Moves in the News
A Mass Exodus
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.
QUOTE OF THE MONTH:
“I say luck is when an opportunity comes along and you’re prepared for it”
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.