662: Ralph DiBugnara | Recovering From Loss by Playing the Long Game

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 DiBugnara

Ralph gives us some background on his story

Growing up in New York

The experience of moving from home

Parent’s career life

Starting work in a mortgage bank

No 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 loss

From 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 career

Graduating with a finance degree

Naïve to who you can really be

Getting into the real estate game 

Buying the first multifamily 

Going back to long term income 

Where to start in real estate investing

Flipping vs. long term

The safest investment to start with 

[14:09 - 25:25] The Benefits of the Airbnb Option

How Airbnb comes into play

Ralph’s venture into Airbnb

Harder to manage but better premium 

Keeping both parties accountable

When to outsource your property management

Know what your time is worth 

The logistics of outsourcing your airbnb

The potential problems and pitfalls

The 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 know

The real value of time 

Leverage scheduling 

Stealing time 

How relationships have impacted Ralph

Ralph shares about his dad

Leadership academy 

Cutting time through mentorship

Investing others without taking it as an expense

Keeping a beginner’s mindset

Ralph’s advice to his younger self

Get a consistent routine 

[39:39 - 48:15] Closing Segment

ThE RaNDoM RoUnD

How to engage with Ralph

Links 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 Academy

Real 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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