About Us
Bob Ritchey
Residential Income Property Specialist
CA DRE Lic. No: 00604585
Welcome and thank you for stopping by our website!
My name is Bob Ritchey and, along with my son Mike, we are The Ritchey Team.
We are Residential Income Property Specialists with Coldwell Banker Preferred, Realtors® in Bakersfield, California, which is the #1 Coldwell Banker office in California with over 130 agents.
Our goal is to help our Clients become more successful investors.
I truly believe that the best investment vehicle for individuals to become financially successful is residential income property.
Unlike almost all other investment vehicles, there are four different methods of creating yield (return on investment) with residential income property:
We work with our Clients to help them maximize their yields in each of these areas.
The Ritchey Team has developed systems and strategies that will increase yields in all four areas of investing – creating both additional cash flow and equity build up (net worth).
I Would Like To Briefly Share Some of My Track Record With You
My educational background is that I have a Bachelor of Science Degree in Mathematics and a Master’s Degree in Education and taught high school math at West High School in Bakersfield for 14 years. You will discover that I use my math and teaching skills as a major part of my real estate business.
I purchased my first residential income property in 1976 and have personally owned over 225 units. I received my real estate sales license in 1977 and a broker’s license in 1980. I have sold well over 1,000 residential income properties over the years. I have also owned two rental management companies.
I am the former owner of TGR Realty – Income Property Specialists. It was the only company in Bakersfield that sold residential income property exclusively.
I have been recognized by the National Association of Realtors®, an organization of over 1.4 million members, as a Top Performer.
In 2005, I founded the Win the Game of Money Institute.
It is an on-demand, online learning platform that includes seminars such as:
- How to Win the Game of Money (Become Financially Independent)
- How to Become a Master Goal Achiever
- How to Become a Professional Manager of Time
It also includes Special Reports such as:
- How To Develop an Exit Strategy from Your Job or Profession
- How To Use Leverage for Financial Success
- Rich Dad’s 3 Steps to Wealth
Plus other classic works from other Authors & Newsletters on personal and financial success.
Membership includes access to our weekly newsletters with summaries from classic books from authors on personal and financial success.
Go to WinTheGameOfMoneyInstitute.com for more information.
Mike Ritchey
Residential Income Property Specialist
CA DRE Lic. No: 02140418
I’m Mike Ritchey. I am a Bakersfield native.
I received my Associates Degree from the University of La Verne and am now working towards an accounting degree.
I’ve been involved in the residential income property industry for several years now. I have the good fortune of continuously learning more about the business from my father. Additionally, I have kept the accounting books and have overseen property responsibilities for my family which has given me financial and ownership insight about income properties. I’ve also worked at a professional property management company, which helped me to understand the management process.
As a Real Estate Agent, my focus now is to exclusively help real estate investors grow their portfolios for maximum yield and offer valuable information to ensure they are successful.
My dad and I look forward to helping you reach your investing goals
REQUEST A COMPLIMENTARY CONSULTATION
We encourage you to set up an appointment with us, either in person or online to discuss your investment goals, whether you are purchasing, selling, or looking for ideas to increase the performance of your existing portfolio.
HOW MUCH IS YOUR INCOME PROPERTY WORTH?
We will be more than happy to provide you with a free market analysis of your residential income property to determine its estimated, current market value. Simply contact us and request it at no cost to you.
The Added Advantage The Ritchey Team Offers Our Clients
The Ritchey Team has the strong backing and support of the reputable, trusted and professional powerhouse that is Coldwell Banker Preferred, Realtors®.
Decades Of Experience
There are many excellent Real Estate Agents helping individuals and families buy or sell a home, but real estate investing is a specialty that involves different expertise. Put Bob’s experience and Mike’s skillfulness to work in your favor.
Market Knowledge
The value of of income property is based on completely different parameters than single-family homes. Investors use terms such as return on investment (ROI), cap rate, gross rent multiplier, leverage, installment sales, and 1031 tax-deferred exchanges. Having lived in Bakersfield since 1965, owning income property since 1976, and selling well over 1,000 residential income properties over the years provides you with someone who knows the market!
Access To A Mastermind Group
To successfully close an escrow involves a whole team of professional individuals, each providing actions needed to consumate the transaction. The Ritchey Team believes in the power of the mastermind group. From marketing, financing, inspecting, escrow and title, property management, we have put together a great team to serve you.
Properties Sold By The Ritchey Team
