Struggling in his early years, Ralph DiBugnara knew he wanted more for himself than generational poverty as his future. Now he holds the prestigious roles of President of Home Qualified, a digital resource for buyers and sellers, and Vice President at Cardinal Financial, a nationally recognized mortgage loan company.
Ralph is a successful serial entrepreneur and real estate expert. This expertise led him to start The Real Estate Disruptors, a network where he interviews guests on investing, property guidance and their expert advice. He also focuses on creating an elite network of industry leaders to help brokers succeed in the social media driven economy.
Let’s dive in and learn about the best investment options to supply recession proof cash flow, and about recovering from loss by playing the long game.
Things you will learn in this episode:
[00:01 - 05:20] Opening Segment
I introduce today’s guest, Ralph DiBugnaraRalph gives us some background on his storyGrowing up in New YorkThe experience of moving from homeParent’s career lifeStarting work in a mortgage bankNo network to fall back on during the crash
[05:21 - 14:08] Recovering From Loss by Playing the Long Game
Ralph talks about how he recovered from lossFrom a penthouse to a side house Losing money and acquiring debt A long road to dig back out Ralph shares his thought process during his early careerGraduating with a finance degreeNaïve to who you can really beGetting into the real estate game Buying the first multifamily Going back to long term income Where to start in real estate investingFlipping vs. long termThe safest investment to start with
[14:09 - 25:25] The Benefits of the Airbnb Option
How Airbnb comes into playRalph’s venture into AirbnbHarder to manage but better premium Keeping both parties accountableWhen to outsource your property managementKnow what your time is worth The logistics of outsourcing your airbnbThe potential problems and pitfallsThe issue of ownership Things you need to be on top of A word from our sponsor
[25:26 - 39:38] Ralph DiBugnara on Building Your Network
Who you know or what you know?Skipping mistakes through who you knowThe real value of time Leverage scheduling Stealing time How relationships have impacted RalphRalph shares about his dadLeadership academy Cutting time through mentorshipInvesting others without taking it as an expenseKeeping a beginner’s mindsetRalph’s advice to his younger selfGet a consistent routine
[39:39 - 48:15] Closing Segment
ThE RaNDoM RoUnDHow to engage with RalphLinks below Final words
Tweetable Quotes:
“If you have staying power in real estate, where as you can stay in a property long term… the value always comes back.” - Ralph DiBugnara
“I steal time so I can use that for something else… If you can concentrate on one thing, don’t waste time on things that don’t serve you in some way.” - Ralph DiBugnara
“We’re always best served in business when keeping a beginner’s mindset.” - Ralph DiBugnara
Resources Mentioned:
The Disruptors AcademyReal Estate Disruptors
Connect and engage with Ralph on Instagram, LinkedIn, and Facebook. Check out https://ralphdibugnara.com to learn more about building long term sales revenue.
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