All Forum Posts by: Tim Ryan

Milwaukee. 

I've answered that for your good.  I know your question is questioning me on my intentions. 

 It doesn't work. You only get little bits here and there. You get what you pay for. Think about that statement.  I've done very well in real estate because I paid for coaches and mentoring.  I was just thinking about my other career in construction and realizing I have struggled many, many times and I always told myself I don't need help in that area.

If I could go back in time and pay another, older contractor a lot of money to teach me everything, I'd be have got here much, much faster.

So the fallacy is to think that all the answers are right here on BP. There is so much more outside of here and most of it is being in the trenches and learning hands on with someone.

Yes good points Devin.  The other way to say this is to "be entrepreneurial".  I'm still not sure if this is learned or ingrained. Trying to figure this out. So many people pass on great deals all of the time because they are scared to fail.  Here's the best lesson I can give to those trying to figure out the paralysis issue:  the true entrepreneur (who gets things done) does not care if they lose money. They are willing to do it anyway.  Of course I realize this will be a crazy, crazy statement for many on here - and that further proves my point...

One of my favorite statements buy one of the best entrepreneurs in the world today, Richard Branson, goes like this:

"If someone offers you an amazing opportunity and you're not sure you can do it, say yes - then learn how to do it later".

Selling their programs (coaching, mentoring, partnering etc).  And maybe hoping to learn a thing or two here and there.

I can tell you my story and it starts where you are today. DM me. 

Oh boy, lot's of questions. I can shed more light on this for you. DM and let's have a call if you'd like. I too am from Cali and went through all of the same questions.

Then I figured it out. But too much to write here.

When I was in the same situation years ago I found a mentor who took me to an out of state market. It was Chattanooga, TN in the beginning stages of its growth.  I did very well there owning a lot of properties. I sold most of them (keeping one) and moved into another market.

I can give you more advice. DM me and we can talk.

For further clarity. The point of the government requiring some larger investments to only take "accredited investors" is the paperwork you agree to specifically says you could lose all of your money. They want only people who can weather that type of investment in the deal. Many investments in multifamily also will allow up to 35 "Sophisticated Investors". With that you don't need to show the net worth over $1m or $200k income as a single and $300k married. But you need to show sophistication in business and in investments.

They don't want syndicators taking grandma's money she got from her husbands life insurance and it's all the money she has, and she never worked outside the home. That would be neither sophisticated or accredited.

In your case if you are buying a property on your own, no one asks if you are accredited. However the lender is making sure your can afford the purchase.