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All Forum Posts by: Ryan Blake

Ryan Blake has started 34 posts and replied 889 times.

Post: Hello from a Texas Flipper - Excited to Connect!

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Rami Refaeli I do about 1-2 flips a year and add 1 rental. But I will be honest, the rentals I have been added the last 2 years here in DFW have negative cashflowed. I am using the tax benefit along with the principal pay down and appreciation to offset. Those are long plays for me.

Post: Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Diana Teng I live in Fort Worth but I would highly recommend Ohio for rentals at this time. Specifically the Dayton, Columbus and Cincinnati areas. The reason for my preference of the OH market is the price of homes compared to the price of rents. Texas has seen too much appreciation over the past 5 years with lower rent increases. I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.

I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

Post: Seeking Property Management Pros in Dallas/Fort Worth!

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Shushyam Malige Sharanappa I recommend finding a local property manager. I would not use a nationwide group or larger regional group. I have not had good luck with them. I use a smaller local manager for 2 of my SFRs and a slightly larger group for my 6-unit. I would look into McCaw Property Management on top of the list you have.

Post: New member introduction

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Marembo Alexandre Welcome to the group. Hope you find useful information. I work mostly with investors doing just what you are seeking, the BRRRR strategy. I think it is by far the quickest way to generate wealth. It doesn't have the immediate cashflow that flipping does but it will help you get to where you want to go.

Post: RAD Diversified SCAM ALERT!!!

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

Was RADD not an additional guarantors on the loan? Did they make the investors sign the loan without any buy-in from them? If they did, that stinks. That means only the investors are on the hook for the damage to credit. Sorry if that is happening to you.

Post: Looking to network

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Johnny Jones I am a lender in the DFW area but we lend in the major metro areas across the state. We offer referral bonuses and have 100% financing covering the rehab and the purchase. Let me know if that is something that the investors you work with are looking for.

Post: Investment property in Houston

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Arun Maheshwari Richmond and Rosenburg have effectively become immediate suburbs of Houston with the continued sprawl. It is a good place for flips. Rentals are tough based on the rents vs the purchase price of homes out there. It all depends on what your requirement for cash flow is.

Post: Funding First Deal

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Jay Stanford What area is your first BRRR deal in?

Post: Any flippers in the Birmingham area

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Lillian Pintaro I write about 5 loans a month for NWA deals. Great place to start working to get into the business.

Post: Hello BiggerPockets! New PRO here

Ryan Blake
Posted
  • Lender
  • Texas
  • Posts 936
  • Votes 712

@Zoltan Cserni Welcome to BP. A great place to learn and research. Be sure to vet all info you get. I like to go with the motto, Trust but Verify. Lots of posts on different companies so be sure to check out what people have said about vendors you are considering doing business with.

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