All Forum Posts by: Ryan Irwin

That's the beauty of investing in Iowa.  I've already and continue to build upon my portfolio and I'm helping first time investors and seasoned investors create wealth in Iowa.  Quite honestly, I'm still perplexed why more haven't been investing in Iowa due to the cash on cash returns and lower barrier to entry in terms of cash down.

@Carlos Ptriawan we are certainly seeing plenty of California dollars leaving the state (i.e. Florida, Texas, Montana, Idaho, Colorado), but now we are starting to see those states balloon into unaffordable markets as well.  What would you do as an early 20's something move to an affordable destination to invest or just invest in syndications to make passive income?

Hi everyone, New to the multi family investing, me and my wife are purchasing our first property it's a duplex in a very good location. ( in Johnston Iowa ) everything a tenant would ever need is only 10-20 minutes away. we are house hacking living in one side of the duplex. My plan is to live in it for a few years. One unit is remodeled and I want to do the same to the other unit Once the tenants move out. Increase in appreciation and equity and the tax benefits. We are using a VA loan it's the 80/20 2 loans.( no money down) no cash flow now but I believe it will cash flow once we update the unit, increase rent and refinance. It's 1025$ right now with a long term tenant of 14 years. Once I refinance in 4/5 years im hoping I have enough equity to use on another property( 4 plex or another duplex or maybe team up for something bigger) Does anyone see any flaws with my plan or adjusting needed ? Any tips? Any Feed back? Or has anyone house hacked in Des Moines? Any advice would be greatly appreciated

Thank You, 

Hi Luan,

The first thing I’d do is go to the BP forum and click on “just starting out.” There you will find many people looking to figure out how to get started in their investment journey. All of them have an issue/pain point, so you aren’t alone. Quite frankly, all seasoned investors have issues as well. They are just different from new investors.

The single most IMPORTANT difference between a dreamer of being a real estate investor and a successful real estate investor is action. If you don’t take action, you will be stuck in neutral. 

Lastly, congratulations on finding your passion so early in life. It took me until 28 to figure out real estate was my jam. I have a real estate internship every summer for University of Iowa students to apply. Consider applying for this position. I will teach you A-Z of real estate investing. Some glamorous and some not so glamorous. Congrats on taking initiative!  Like mentioned above, the next step is to take continual action.  

We plan to focus our efforts in Florida during the winter months but hit Iowa hard in Spring.  I actually have some insight on an amazing program that I'd love to share with you as it could be a game changer for anyone looking to scale.  Is there a best time to call you?

Hello everyone!

Looking to network with Cashbuyers in Iowa for the Des Moines, Davenport, Cedar Rapids and Iowa city markets! I'm in the process of sourcing properties and talking to sellers and would like to build a solid relationship with my cashbuyers.  Lets connect! 

Most of my flips were in and around Davenport, Iowa.  When I started in 2007 I did all of the work myself.  I soon realized that I had bought myself another job and if I wanted to scale I was going to have to get some crews going.  At my high point I had two full time crews working on multiple houses.  I took a year off and worked with a new home builder that was building 150 homes per year and learned a lot about what someone could really accomplish with the right teams around them.  Sadly on this last one I got taken for a ride with some local contractors and had to roll my sleeves up to repair a bunch of mistakes they had made but was able to make it beautiful.  

Citizens Bank in Iowa was shut down Friday November 3rd at 4:00 PM.

If you have a loan in process you need to jump and apply at another lender this weekend. Organize all your pdf files and start today.

The 5th Bank to be Shut Down in 2023

Don't tell me everything is rosy.

Here is a rosy finch to make you smile