All Forum Posts by: Ryan Beasley

@Mike Jacovelli Hey Mike, I’ve dealt with this a lot since I began my journey and it seems to get worse the more distinguished your interests get. It’s like you want to talk about investing, ideas, etc. cause it’s on your mind but you also struggle with who to relate to about it. Even if someone close to you is supportive, it’s still not an interest of theirs and therefore it’s not relatable to them. Sometimes they can say things that are negative but really if someone has not researched your area of interest then they don’t have enough information on it to give a valid opinion, therefore everything they say will contain a certain degree of ignorance. This is why most entrepreneurs move in silence and don’t talk much about their ventures. Also, talking about what you’re doing puts a lot of unnecessary pressure on yourself to accomplish it. I got to a point where I realized that if I was truly serious about accomplishing something I wouldn’t need accountability, I would just simply do what it takes to make it happen and that would be the end of it.

@John Moorhouse Team up with an investor and learn how to call on property owners to source off market deals.

@Daniel Lynch Me and my wife when we’re living together before we got married shared the bills 50/50. It all depends on the person though but if she wants to independent she would have no issue.

@Sam Shueh Sam, with all due respect, you don’t have to be a certain age to run a sustainable real estate business. I know a lot of people that did it at a young age and did not make a ton of money early but earned a living wage. I feel like that struggle at an early age with dealing with rejection and being discredited is a priceless form of education for every agent. Being young with no resources or experience just means you have to work that much harder to achieve the same result as someone else with more resources and experience. It’s most certainly doable if someone is willing to put in the work.

@Jordan Lucas Hey Jordan, I believe you are wondering what degree would be the most useful for being a real estate agent. I would have to say that you really can’t beat a finance & accounting degree. Learning the fundamentals of finance has been a huge advantage for me and has allowed me to make that transition into commercial real estate.

You’ll learn the marketing strategies and psychology of the business by just simply working in it. You’ll quickly realize if being a Realtor is something that you want to do to achieve your goals and if you want to do Residential or Commercial. I mean, imagine if you sold Real Estate throughout college while working towards your Finance & accounting degree? It will be extremely difficult to dedicate the time and effort it takes to be successful in RE but man you will learn a TON by just applying yourself and you will also have 4 years under your belt.

Considering the fact that you’re on BP you probably have an interest in RE investments, therefore finance would be most applicable. You’ll learn everything else by just gaining RE business experience. It’s hard to sell RE at a young age but I did it. It paid a living wage but nothing more throughout college lol. When you get into the business you realize what it truly takes to run a large operation. The education you get through it though is priceless.

@Gregory Schwartz There’s a lot of avenues within real estate and even within the multifamily property type. Linking up with a commercial real estate brokerage and working on the management team and as an agent would be a great start. You’ll figure out extremely fast whether you love it or hate it. I specialize in just multifamily sales in GA & SC and the business Is lucrative if you know your product and work the system consistently over time.

@Jian Lin The E-Myth Revisited is a must. The One thing by Gary Keller and pretty much any BP book

@Faysal Alam I’m a little confused on how you came to a cash flow of $358/mth? Given your numbers you’re looking at around 750/mth

@Cody Smith All of these are important. If you already know how to Analyze a deal and you’re financially prepared to jump into whatever strategy & property type you want. I would start by getting my feet wet with calling, mailing and talking to property owners about their property. Get leads, find some deals and make something happen.

If you can correctly analyze a deal and you’re in a good financial position then the only next step is get started networking and prospecting. The best place to start is where you’re at!

@Cody Smith I would say make sure that you are the type of individual that would be okay with the day-to-day of being a Real Estate investor. Make sure it’s your passion and that you have a strong purpose behind what you’re doing.

For instance, I hate having to reach out to people to collect late rent. Dealing with tenants stresses me out severely. So therefore, every property I purchase I make sure there’s enough margin for my property management fees.

If you have the passion, purpose and personality for this business then you should have no problems succeeding!