Ron Cathell of Team Cathell was interviewed on our 34th episode of the Kyle Malnati Show! Ron believes in the “Warren Buffett Approach” to investing: buy blue-chip (quality) investments and hold them.
Ron Cathell knows that if you select property in great locations that you will never stress about keeping your property rented. Cathell and his wife have invested in real estate for over 35 years around Washington, DC. Growing up in California, Ron learned about real estate investing from his parents as they owned and operated rental properties when he was a child. Ron remembers his parents working hard over weekends to invest for a brighter future. After earning a degree from the University of Colorado, Boulder in 1978, Ron started a career in journalism. After several years, he left his career as a writer and went back to his roots as a real estate developer in the 1980s. Prompted by several friends that watched his real estate development business, Ron was encouraged to become a residential REALTOR in the 1990s.
Ron Cathell’s 3 Big Takeaways When Building Wealth:
1). Mindset. You must be purposeful. Set your goals and stick to them. What is your big why? Why do you want to invest in the first place? Your answer should have something to do with an opportunity that is unique and special that helps other people.
2). Understand Time. Time is a funny thing. Those who ignore it are fools; those who embrace it are fulfilled; those who understand it build empires. It takes TIME to build something great. Therefore, it takes time to build wealth.
3). Sacrifice. Where do you start? You start by SAVING so that you may invest. Live on a budget. You will have to live below your means until you have enough money to invest. Sacrifice now for rewards that will come later. Delay gratification today for a better tomorrow.
Insights from the show:
– Real estate investing, at times, is more philosophical than financial
– Developing relationships is critical to success
– Set goals, be strategic, make a plan, break down the plan into small steps
– Great real estate investors are avid learners
– Do NOT be afraid to pay fair market value if its a quality asset
– The best real estate investors are collectors; they BUY and HOLD
The Kyle Malnati Show, Episode 34, Introduction:
Live from the Dulles Marriott in Northern Virginia; you are watching the Kyle Malnati Show. Our guest for this special episode of our podcast is Ron Cathell, and our interview was filmed during a real estate conference hosted by Keller Williams. We hope that this interview topics will be helpful to you, the apartment investor, if you’re either: 1) looking to buy your first apartment building, or 2) if you want to add to your existing rental portfolio in 2017.
The Kyle Malnati Show, General Information:
The Kyle Malnati Show is currently broadcast monthly on YouTube. Our podcast is designed to address topics that appeal to both experienced multifamily owners and aspiring real estate investors. Each episode, Kyle offers advice that will help you maximize your rental real estate business, and he also shares his insights on how a favorite quote should relate to multifamily investors’ lives. This video show is designed to share fundamental information about apartment buildings as well as the latest trends in multifamily investments. There are several ways to watch the show. If you SUBSCRIBE on YouTube or if you FOLLOW our blog, you’ll receive an email every month with the video show post. Please share our content on Social Media through Facebook, LinkedIn, Twitter, etc. Thanks for tuning-in, and as Kyle likes to say, “We’ll see you around the neighborhood.”