All Forum Posts by: Ryan Lesley

Quote from @Robert Willard:

Quote from @Ryan Lesley:

Hello @Robert Willard, 

The first investment as you say takes a lot of faith in not feeling as though you're making a bad investment or being too risky. My favorite quote about this is "time in the market always beats timing the market". What this means is you have to look at the long term picture and not the brief snapshot of the market and how it looks like currently, specifically when investing for the long term. 

This graph shows how despite dips and spikes in the market, the housing market has trended up 106% over the last 20 years

SOURCE: https://www.visualcapitalist.c...

Having that mindset and understanding of how investing in the housing market for the long term is less concerned with where the market currently sits is step 1, but there are still risks investing in real estate if you don't know what a good deal looks like or the pitfalls to watch out for. 

So step 2 is finding a good agent and team that knows the market you want to invest in, and that can help you navigate around the common pitfalls new investors can make. 

I and my team are based out of Denver and focus on exactly that. Helping first time investors go from deal analysis, all the way through the purchase process, rehabbing the property if necessary, and getting the property rented and maintained. We aim to support and give you the confidence to go from "lurking" on the forums in BiggerPockets to being one of the many real estate investors that started out right where you are now. 

If you want to talk more about the investment opportunities in Denver and the Colorado market as well as how we can help you take those first steps, just send me a private message and I would be happy to talk you through our process. 

best of luck with your financial independence journey, retiring early, and getting that first investment property! 🤝🍀

 The same things are said about the stock market.  So your market advice resonates with me.   I am open to other markets but we are looking for warmth so Denver is not a great candidate for us.  Love the area though.  Maybe on property #2!  

 I definitely understand that Robert, I'm a Colorado transplant from Florida (licensed there as well) so I know what you mean about the warmer weather 😂 there are some really great markets in Florida, like Tampa for example, not to mention they have investor friendly laws. Like you said maybe for property number 2 we can find you a nice property with quick access to the mountains when you need a break from that warm weather and beach life 😉 if you decide to look into Florida I can also help you out with your search there and would be happy to give you some details on markets like Tampa. Best of luck with you investment search 🤝🍀

Hello @Robert Willard, 

The first investment as you say takes a lot of faith in not feeling as though you're making a bad investment or being too risky. My favorite quote about this is "time in the market always beats timing the market". What this means is you have to look at the long term picture and not the brief snapshot of the market and how it looks like currently, specifically when investing for the long term. 

This graph shows how despite dips and spikes in the market, the housing market has trended up 106% over the last 20 years

SOURCE: https://www.visualcapitalist.c...

Having that mindset and understanding of how investing in the housing market for the long term is less concerned with where the market currently sits is step 1, but there are still risks investing in real estate if you don't know what a good deal looks like or the pitfalls to watch out for. 

So step 2 is finding a good agent and team that knows the market you want to invest in, and that can help you navigate around the common pitfalls new investors can make. 

I and my team are based out of Denver and focus on exactly that. Helping first time investors go from deal analysis, all the way through the purchase process, rehabbing the property if necessary, and getting the property rented and maintained. We aim to support and give you the confidence to go from "lurking" on the forums in BiggerPockets to being one of the many real estate investors that started out right where you are now. 

If you want to talk more about the investment opportunities in Denver and the Colorado market as well as how we can help you take those first steps, just send me a private message and I would be happy to talk you through our process. 

best of luck with your financial independence journey, retiring early, and getting that first investment property! 🤝🍀

Hey @Matthew Lindsey,

like @David Ramirez said, you could always make an offer where if it got accepted and the property was in its worst possible state you would still feel good about it. 

and/or you could reach out to a local real estate agent in that market and see if they would be willing to drive by and take a look at it/ take some pictures and videos of the exterior and give you an idea of what they think of it. offer some sort of compensation for their time and if you're looking at investing in that market for more than just one property having them be your agent moving forward would also be a way to build that relationship to a point where they would be willing to be your eyes and feet on the ground for additional video walkthroughs and what not. 

hope that helps and best of luck 🤝🍀

No problem 😊

Hey @Ali Kathryn Cloud, 

I second what @Nicholas L. said, going to REI meetups is the best way to find someone who you can possibly shadow or have as a "mentor". Not to mention they are fun and informal and can be a great way to gauge if they are someone you would want to follow in the first place. hope that helps and best of luck on your journey! 🤝🍀

Hey @Preeti Behl, 

this article outlines all the requirements:

https://www.aicpa.org/resource...

Hey @Andrew Maldonado,

Congrats on joining the BiggerPockets community and getting started on your financial independence journey. 

I am an investor focused real estate agent on the FI team that works the Denver and Fort Collins market. Have you looked at investing here in Fort Collins with you beings so close? I'll send you a connection request and we can talk more about your plans and strategy for acquiring that first investment property!

Hey @Martin Guerrero,

With laminate being wood based, anywhere that is going to see a lot of water (bathrooms, Kitchens) its advised to go with LVP. My thought is even if its "waterproofed" laminate why even take the chance or worry about tenants being careful with spills and moping, and just go with LVP to begin with. Cost wise they can be similar in price depending on brand and quality. But my votes for LVP. Hope that helps

Hey @Robb Silverstein,

the US Census Bureau puts out a quarterly report that you could base your figures on, 5.8% as of last quarter, which is what most of the "free" sites are all basing their numbers on generally. 

aside from that, and to the best of my knowledge, all other sites like AirDNA and Rentometer are going to be a few free reports (trial) and then paid after that. 

best of luck with the search 🤝🍀

Hey @Jamial Clark,

I and my team work with investors in the Denver market, I will send you a connect request and we can talk more about opportunities in this market if you are interested. 🤝