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All Forum Posts by: Ryan Harrell

Ryan Harrell has started 0 posts and replied 96 times.

Post: I have 450k cash

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21
Quote from @Max Engel:

@Ryan Harrell very open to the idea of acquiring rentals in other markets. You are 100% right about Florida being difficult for long term rentals due to this insurance crisis. (Alabama, Tennessee, North Carolina, maybe Indiana) I wouldn't know where to begin. I also want to make this into a career for myself so I'm hoping to handle flips for quick cash in Florida to put into my cash flowing properties out of state.

I spent three years with one of the larger SFR investment firms in the U.S. and those are all states they invested pretty heavily in. Birmingham, Memphis, Greensboro, and Indianapolis are all markets that fit the bill in my initial post. A lot of the people I work with are active investors too, and they use our company as a way to get into other markets and build some passive assets alongside their more hands-on projects.

I'd be happy to chat with you sometime if you're ever interested in talking more about it.

Post: I have 450k cash

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Hi Max,

Looks like you've built up a really strong foundation - love that you've got experience. One option to consider is investing out-of-state in markets with stable economies, strong renter populations, and where housing is below the US median value. These will be markets where housing is affordable for both residents and owners and gives you an opportunity to quickly build a diversified portfolio.

There are also turnkey companies that handle everything from acquisition and rehab to leasing and property management. It’s a great option if you’re looking to scale without having to be hands-on in a new market. Happy to share more if that’s something you’re exploring.

Post: Looking for out of state investing

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Hi Chaim,

You're in a similar spot to so many other investors. Try looking into cities in with stable economies, strong renter populations, and where housing is below the US median value. These will be markets where housing is affordable for both residents and owners. You can find several investor-friendly markets like this in the Midwest and Sunbelt states.

Another route many investors take is partnering with a turnkey provider — companies that offer fully renovated, rent-ready homes, complete with long-term residents and full-service property management. This approach makes it much easier to build a diverse, hands-off portfolio, all under one roof and with a team that handles every step of the process.

Wishing you the best!

Post: New to the Bigger Pockets community

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Welcome Lynnette! Glad to have you here. What got you interested in real estate? 

Post: Hey all, new to REI

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Frank, 

Congrats on getting started! Sounds like you're in the early stages, which is an exciting place to be. I work with investors in your shoes every day—especially those looking for reliable, consistent returns from out-of-state investments. Given your situation, it sounds like a more passive approach might be the right fit, and I’d be happy to share what that could look like. 

Good luck! 

Post: Re-Introduction back into Real Estate

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Patrick,

Welcome back! What's your plan this time around? 

Post: Finding financing as a first time investor

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Nicholas,

That's awesome that you're getting started at 19. Wishing you the best of luck!

Post: Beginner investor to real-estate

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Sridhar,

Welcome to BP! Feel free to reach out to me anytime.

Post: Asking for Advice

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

Elden, I'd recommend checking out your local investor meetups, spending time analyzing opportunities in your area, reading up on different strategies, and—most importantly—getting really clear on your plan and your "why." That foundation will make every decision moving forward a lot easier. Wishing you the best of luck on your investing journey!

Post: Buying First Rental Property Out of State

Ryan Harrell
Posted
  • Memphis, TN
  • Posts 99
  • Votes 21

HI Cole,

I’m not an expert on the Cleveland market specifically, but buying low-priced properties — especially as an out-of-state or first-time investor — can be a risky strategy. While they may look appealing on paper, they often come with significant challenges and ongoing issues on the backend.

You might consider continuing to save or even partnering with someone to invest in stronger, more stable neighborhoods. It’s also a good idea to interview multiple property management companies to ensure you’re aligning with the right team before moving forward.