All Forum Posts by: Ryan Dyess

Much of the stuff I read on the forums are people recommending investing in or just outside of major metropolitan areas. Does anyone have personal experience investing in an apartment building in a more rural setting? Browsing apartments for sale I see some that have decent monthly rent compared to purchase price. I assume you lose some of the big appreciation people bank on that comes with the larger cities but what are your guys thoughts on these types of investments? I'm not talking so rural that there are no prospective tenants but more so the smaller towns. I understand a deal is a deal "if the numbers work" but I am interested in learning from others about location types.

What piece of the analysis do you have questions about?

Just booked my ticket to Jake and Gino's MM5! See you guys there.

Are there any beginner investors here who have attended conferences and felt they "got their money's worth"? My hesitation is since I haven't bought a MF property the experienced investors I would be hoping to connect/learn from won't be interested in connecting. I know Jake and Gino's conference and Lindahl's conference are both coming up soon, just want to make sure they are beneficial to new investors and not only experienced ones.  Thanks for sharing any experiences you have had with these!

Good idea on putting some of the nicer stuff on marketplace. I will checkout salvation army to see what stuff they accept and if they are in the area. Thanks Karl!

I am about to close on a property to flip. The homeowner lost her husband and just wanted out of the property. She is overwhelmed with the situation so I told her to just take her valuables and leave the rest of the garbage in the house because I can take a day to throw it all in a roll off. 

My question is for the furniture that is in the house and clothes and anything else that could be donated does anyone recommend a company that comes out to do site pickups. I am located in Virginia. Are the tax write offs worth the time to set stuff aside or is it better to just throw it all in the trash? 

@Nicholas L. In the end when I refi I can pull out the full investment and still have 10k in equity in the property. With the mortgage I would have and the rents in the area I would be grossing $550/mo in rent. Of course have to take out of that money to set aside for maintenance and reserves. But it still doesn't fit the 1% rule which I find interesting. 

@Scott Wolf Do you happen to know of an attorney that is versed in sub-to anywhere from Stafford to Richmond VA?

Just wondering if the 1% (rent should be equal to or greater than the price of the house) to be a good deal if you are BRRRR'ing the property since in theory you won't have any money committed to the house in the end?

 I sent you a direct message, thank you for your help so far!