Episode 22: Investing and Underwriting the Outer Northside with Matt Fritzshall

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Matt Fritzshall is the President and Founder of Triton Realty Group with over 200MM in transactions under his belt. Matt was highly successful during the Logan Square boom and in this episode, he'll discuss other Northside markets such as Hermosa and Belmont Gardens that have the potential to be the next Logan Square. Matt also weighs in on the age old debate of starting small or going for a large multi family syndication and the pros and cons of each. Tapping on his experience over the past decade, Matt brings up issues he’s seen that slow down the closing and also what an investor friendly agent wants to see from someone new in the game. Listen to Matt's local insights and then leverage this information to move you along your journey. If you like what you hear, leave us a review and recommend us to a friend!

Timeline:

Guest Intro 3:35

What are some neighborhoods you like? 4:35

What are some rough guidelines for underwriting in Hermosa or Belmont Gardens? 7:35

How do you differentiate between Renter/Condo quality? 10:27

Can you break down some nuances in your neighborhoods that buyers should know? 12:20

What are your thoughts of starting in a large MFH or smaller deals? 17:08

What are some issues buyers have when trying to close contracts? 22:45

How long does it take to get a commercial loan start to finish? 27:50

How can I get in the game if I have no track record? 32:50

How do you see rents changing in the north side over the next couple years? 35:40

Wrap Up

What is your competitive advantage? 41:10

What’s one piece of advice you’d give a new investor? 42:25

What do you do for fun? 43:10

What’s a good self development activity you would recommend? 44:52

Can you name one person in your network you’d recommend? 46:10

How can we learn more about you? 47:40

Guest Name: Matt Fritzshall 

Guest Company: Titon Realty Group

Guest Link:  https://tritonrealtygroupllc.com/matthew-fritzshall-2/

Other Links for show notes:

Sponsor https://www.sizzlehomestaging.com/

Sponsor https://daslawltd.com/

Heartland Bank | https://www.hbtbank.com/

Recommendation | https://grantcardone.com/

Heartland Bank Justin Kennedy | https://www.linkedin.com/in/justin-kennedy-a0727110/

Renovo Eric Workman | https://www.linkedin.com/in/eric-workman-1681996/

That's our show, thanks so much for listening!

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