All Forum Posts by: Ryan J. Shope

@Cody DeLong

Opportunity Zones are still sort of the wild west right now. There are a few funds that have been created, but it seems like no one wants to be the first player to really dive in, since there's still uncertainty on the regulations. I'd be interested to learn what you hear about this as well. Seems like it could be a great way to build a fund with older/passive investors looking for a tax shelter on their gains. 

@Jim Goebel

Is the HELOC on your house essentially a line of credit that you can draw from as needed?

Hi, 

I was wondering if anyone had experience using the Zillow Rental Manager? If so, do you like it, how easy is it to learn/use? How many units are you using it with?

Thanks,

Ryan

@Vivian Pena Congrats for getting started! Rich Dad Poor Dad is what got me started as well. I think ultimately finding the state to invest in will be up to you and your research, but once you find areas that have numbers pencil out, I would do some serious due diligence on creating a potential team (Broker, Contractor, Inspectors etc.) Finding reliable people is infinitely more important than finding areas that pass the litmus test of getting you a good return. Having good boots on the ground is what keeps the obscure details from derailing an investment and turning into another job. Cheers and wish you the best!

@Daniel Wolcott Echoing the sentiment above, I'm glad that you've broadened your search to other areas. The market's getting tighter these days, so be prepared to submit numerous offers before eventually closing on a deal. What I've learned from the BP podcasts and my own experience is that the "Grand Slam" deal doesn't really exist. Keeping with the baseball analogies, would you rather have 50 single base hits, or 5 grand slams? Kudos for getting started and keep analyzing/putting in offers on deals. 

Why would redoing a roof be considered bad? Isn't the typical depreciation of a roof 30 years and aren't distressed properties typically that age or older? Is it just not as visible of an improvement?

Thanks for sharing this! Are you investing in the SD market or somewhere else?

Thanks for the article, Jon! 

@Elbert D. Good to know. Are these flip margins coming from class C properties?

Elbert, I'm curious about the Chicago markets. Have you been able to weather the storm of the high tax rates/exodus from the city?