All Forum Posts by: Ryan Cheek

Hi there!

It's great that you're eager to dive into real estate and find the strategies that align with your goals. The key is to start with a solid foundation—understanding the basics will set you up for long-term success. Whether you're looking at buy-and-hold, BRRRR, or something else, each strategy has its strengths depending on your objectives.

If you're interested in properties that offer both strong cash flow and long-term growth, I'd be happy to share insights on the Indianapolis market, where we focus on new build duplexes with solid rental returns. It could be a great option as you start evaluating your opportunities.

Feel free to reach out if you'd like to discuss any specific strategies or markets in more detail. Looking forward to connecting and learning together!

Hey there!

Your strategy seems well thought out, especially given your current low-interest rate on the primary mortgage. Leveraging a HELOC to fund the down payment and construction can be a smart move, particularly if you can lock in a favorable rate on the HELOC. The numbers you've laid out suggest a solid potential for cash flow and appreciation, especially with the added income from the ADU.

A few things to consider:

1. HELOC Terms: Make sure you fully understand the terms of the HELOC, especially regarding the repayment schedule and interest rate. If rates rise, it could impact your monthly expenses.
2. Construction Timeline and Costs: Construction projects can sometimes run over budget or take longer than expected. It might be wise to have a contingency fund or plan in case costs exceed your initial estimates.
3. Market Analysis: Ensure the rental demand in your area will support the rents you’re projecting. If you’re confident in these numbers, it could help mitigate the risk.
4. Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.

It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further. I'm happy to connect and discuss more if you're interested!

Best of luck with your investment!

Hi there!
It's never too late to start in real estate investing, especially if you're thinking long-term and want to create something to pass on to your kids. I'm 24 and work primarily in the Indianapolis market, focusing on new build duplexes that offer great cash flow and low maintenance—perfect for someone looking to build a steady income stream and leave a legacy.

Given your situation, investing in rental units could be a solid choice. Duplexes, triplexes, or even small multifamily properties can provide consistent rental income while appreciating over time. Plus, with newer builds, you typically have fewer maintenance issues, which can be a big plus.

If you're looking for something more hands-off, you might consider turnkey properties, where the property is already rehabbed and has tenants in place. This allows you to start generating income right away without the hassle of renovations or finding tenants.

If you’re open to exploring markets outside your local area, I’d highly recommend looking into Indianapolis. It’s an affordable market with strong rental demand, making it ideal for building long-term wealth.

Feel free to reach out if you have any questions or want to discuss this further. Happy to help guide you in the right direction!"

Hey there!
First off, huge congrats on your financial setup at just 22 years old—you're in a fantastic position to dive into real estate investing! I'm 24 and have been in the industry for a bit, mainly focusing on the Indianapolis market, particularly with new build duplexes that offer solid cash flow and low maintenance costs.

To answer some of your questions:

1. Finding Deals: Platforms like BiggerPockets, Zillow, Redfin, and LoopNet are great starting points for finding deals online. However, the best deals often come from networking with local agents and brokers who know the market inside out.
2. Cash Flow with a Team: Absolutely, you can still cash flow with a team in place. In fact, having a knowledgeable team (agents, brokers, property managers) can help you secure better deals and manage your properties efficiently, especially if you're aiming to be a passive investor.
3. Holding Company: Setting up a holding company for your LLCs is a smart move, especially if you're planning to build a sizable portfolio. It can help with liability protection and organization.
4. Software for Cash Flow: You can find plenty of real estate-specific software, like Stessa or Rentometer, which help analyze deals and track performance. If you're comfortable with Excel, creating your own cash flow analysis sheet can work well too, but a pre-built tool might save you time.

If you're considering the Indianapolis market, I'd love to connect and share more about the opportunities here. Indy is known for its affordability, strong rental demand, and growth potential—perfect for someone looking to build a cash-flowing portfolio.

Feel free to reach out if you want to chat more or need any guidance along the way. Happy to help!"

Hey there,

Nice to meet a fellow investor with properties in Indiana! I totally understand the appeal of real estate investing being less stressful compared to the world of cybersecurity—especially as a CISO. Herding cats is a perfect analogy!

Indiana is a great market with a lot of potential for expanding your portfolio. If you're looking to dive deeper into the Indy market, especially multi-family properties, I’d love to connect. My focus is on new construction duplexes in Indianapolis, which have been a solid investment with strong rental demand.

Also, I might take you up on that offer for IT help someday—always good to have a cybersecurity expert in the network!

Let’s connect and see how we can help each other out.

Best,
Ryan Cheek

Hey there,

First off, congrats on paying off all your debts—that’s a huge achievement! With $100k to invest, you're in a strong position to make a solid move into real estate.

Since you're interested in multi-family (5+ units), I’d definitely recommend looking into markets like Indianapolis, which is known for strong rental demand and relatively affordable property prices compared to Georgia. Indy has a growing population and a diverse economy, making it an attractive market for multi-family investments. The best part? Your $100k can go a long way here, especially when leveraging financing.

Finding the right deal and structuring it can be challenging, but that’s where connecting with local experts can help. In Indy, we’ve seen some great opportunities in multi-family properties, and I’d be happy to share more details on what’s available and how deals are being structured here.

If you’re open to exploring opportunities outside of Georgia, I’d love to chat and help you find a deal that aligns with your investment goals.

Best,
Ryan Cheek 

Hey Andy,

Congrats on your first house hack in Sandy, Utah, and welcome to the world of real estate investing! It's awesome that you're thinking ahead and considering more affordable markets for your next investment.

I’m actually focused on the Indianapolis market, which has a lot to offer for investors like you. Indy is great because it’s got that Midwest affordability but also strong growth potential, especially in areas near universities and the downtown core. The entry point for multi-family properties here is generally more manageable, and you can often find solid deals that won't require you to liquidate your stocks.

Your goal of $10k a month in cash flow is definitely achievable, especially with the right strategy in a market like Indy. I’d be happy to share more about what’s working here, and we could explore if this market aligns with your long-term goals.

Feel free to reach out if you want to dive deeper into what the Indy market has to offer. Wishing you the best of luck on your journey to 10k/month!

Best, Ryan Cheek

Hello Daphne,

It’s great to hear that you’ve caught the real estate investing bug! The journey from learning to taking action is so important, and it sounds like you're on the right path.

If you're considering expanding your investment portfolio or connecting buyers with prime opportunities, I’d love to share some insights about the Indianapolis market. Indy is an incredible place for real estate investing right now, especially with the kinds of properties I work with—new construction duplexes that are perfect for both cash flow and long-term appreciation.

Feel free to reach out if you’re interested in exploring opportunities in Indianapolis. I’m happy to connect and discuss how this market might align with your goals.

Best of luck on your journey!

Good evening, Tyree!

Welcome to the community! It's great to hear that you've been diving into real estate books—knowledge is such a powerful tool in this field. Taking that step from theory to practice can feel daunting, but you've already laid a strong foundation by educating yourself.

I’ve been working with real estate investors, particularly in the Indianapolis area, helping them find and invest in multi-family properties. If you’re interested in connecting and discussing strategies or just need some guidance as you take this exciting leap, feel free to reach out. The field has so much to offer, and I'm confident you'll do well.

Looking forward to seeing your journey unfold!

I believe it is as simple as extending the contract date via an addendum