All Forum Posts by: Ryan Matthes

@Jacob Lapp There are opportunities to make money every day in the market. This coronavirus fear catalyst is no different. It all depends on what you’re trying to accomplish. I’ve been trading options now over 10 years.

Reach out to Jim. He did a great job for me. Tell him Ryan sent you!

Ryan

http://mercedinspector.com/

The real estate is debt free and we have cash to make the improvements. So if the house is worth 250k now, we do 20k of improvements, rent it out and let’s say we get $1500 a month. We then get it appraised and let’s say it’s worth 300k now. We can then go to a bank and take out no more than 75%($225,000) to then go do other deals?

Hey everyone my name is Ryan. I had a quick question regarding building an income property portfolio.

My grandparents passed away and their single family home is fully furnished and unoccupied. It's been sitting for a while so it definitely needs some love. The house is paid off so my mom and my aunt and myself own it out right. I want to use the BRRRR method to use our existing equity to roll in to new income properties to start building a portfolio.

Is this the best way to approach this situation? What should we look to do first to get the house to a place so it can be rented and reappraised? Any other suggestions would be amazing, thank you.

Ryan