July 2022: The Ritchey Team Newsletter
What Type Of Property Is The Best To Buy? I often get the questions "What type of property should I buy?". There seems to be a lot of options out there; a single family home, or a duplex on up to five units or more. So which one is the best? Single Family Homes...
May 2022: The Ritchey Team Newsletter
What The Wise Do Early, The Foolish Do LateIf you own a property and are producing a nice cashflow and return on your investment, then a large drop in value won't hurt you. However, you should know that the market goes in cycles of prices going up, then prices going...
April 2022: The Ritchey Team Newsletter
How To Sell Your Property For Less Than It's WorthYour goal should be to sell your property for the most amount of money in the least amount of time with as little hassle to you and your tenants as possible. When considering placing a residential income property on...
March 2022: The Ritchey Team Newsletter
Your Financial Bathtub Everyone has a financial bathtub. We have a faucet that represents an income stream like a job or an asset. We also have a drain that represents our expenses and things that cost us money. The goal for our financial bathtub is to have more money...
February 2022: The Ritchey Team Newsletter
Your Mastermind Team In my favorite book, Think and Grow Rich, Napoleon Hill has two chapters that shares important ideas that have helped me tremendously early in my investment career. Chapter 5: Specialized Knowledge Real estate investing is a business. Dedicate...
January 2022: The Ritchey Team Newsletter
Ten Decisions You Need To Make To Get Rich By Robert Kiyosaki 1: Decide to be rich. 2: Decide what kind of money problems you want. 3: Write a plan and follow it. 4: Decide where you want to do your banking. 5: Choose your friends/partners wisely. 6: Give yourself...
December 2021: The Ritchey Team Newsletter
Benjamin Franklin's Thirteen Values1. Temperance – Eat not to fullness; drink not to elevation. 2. Silence – Speak not but what may benefit others or yourself; avoid trifling conversations. 3. Order – Let all your things have their places; let each part of your...
November 2021: The Ritchey Team Newsletter
RICH DAD’S THREE STEPS TO WEALTHThis report has been designed to show you in more detail how to: Think Like the Rich. Shed old ways of thinking and adopt new ideas that propel you up the entrance ramp to financial freedom. Learn What the Rich Know. Discover the five...
October 2021: The Ritchey Team Newsletter
Important Financial DefinitionsNet Worth or Capital Gains Asset - Something that you purchase with the hope that it will go up in value - appreciate. Cash Flow Asset - Something that you purchase that creates cash flow and yield whether it goes up in value or not....
September 2021: The Ritchey Team Newsletter
THE MOST IMPORTANT MATHEMATICAL FORMULA TO KNOWHaving a Bachelor of Science Degree in mathematics and teaching high school math at West High School in Bakersfield for 14 years there were lots of formulas that I learned and taught. When I started investing in rental...