Business
Our guest for today, Rick Martin, has been investing in Real Estate since 1997. Prior to commercial multifamily, he purchased several single-family rentals, flips, and small multifamily apartments. He has successfully taken distressed, small multifamily apartments and repositioned them into well-performing assets. In addition to real estate, Mr. Martin has led a career in Entertainment and commercial advertising, filing the needs of clients that include NBC, CBS, ESPN, Lions Gate Films, and Columbia Pictures, to name a few. He leverages this experience as a real estate investor.[00:01 – 06:22] Opening SegmentI talk briefly about great values that await you in this episodeI introduce the guest, Rick MartinRick talks about the lessons he learned from his first investments [06:23 – 13:01] A Shift to Passive InvestingRick talks about his shift into passive investingLessons from SyndicationsStart with a sponsorFamiliarize with the key components of a market [13:04 – 20:23] Deal BreakersRick talks about deal-breakers in a SyndicationFees, waterfalls, equity splits in a SyndicationActive and Passive Investing [20:24 – 28:29] Closing SegmentQuick break for our sponsorsWhat is the best investment you've ever made other than your education?Fourplex in IndianapolisWhat is the worst investment you ever made?Investing in a beach property in Costa RicaWhat is the most important lesson that you've learned in business and investing?Look to always add value in a businessConnect with Rick. See the links below. Tweetable Quotes:"In a business, self-analyze, self-reflect and look to always add value.” - Rick Martin“It’s not all about the returns all the time.” - Rick Martin“If you can sleep at night, and you’re losing peoples’ money, you shouldn’t be in this business at all.” - Rick Martin Resources Mentioned:NBCCBSESPNLions Gate FilmsColumbia Pictures Connect with Rick on LinkedIn or visit his facebook page and website at https://www.fortressfederation.com/ . Be sure to check out his Youtube channel hereLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.