All Forum Posts by: Tim Ryan

The mid-west is doing well. For me it's specifically the Milwaukee to Chicago corridor. DM if I can shed more light on it for you. Too much to write here.

1 Vote

Hey Geoffrey, I have looked into this but have never done it yet. I have a 42-Unit Townhouses Apts in TN that was built in 2007 to be condos. Then the recession and they've been rentals ever since. I bought in 2011. Yes, a real estate attorney is the place to start. You also need to talk to lenders and find those who are willing to do it as the complex will change from single ownership to fractionalized and will need an HOA.

My property is doing well and I don't actually want to sell so I gave up on the idea. As a contractor in LA I am now focusing on ADU's.

0 Votes

Los Angeles County, California

Quote from @Miguel Badillo:

Quote from @Tim Ryan:

@Miguel Badillo. I have a recommendation. But I will say that the @Austin Fowler offer sounds like a good one if you are in the position to take him up on it.

Otherwise, I recommend RE Mentor / David Lindahl. They are in Boston MA area. With their program I sent from owning two single families to over 400 units and over $30m portfolio.

Check them out for sure.

Thank you Tim, I'm not in the Boston area but I'm sure he will be able to help. Do you mind if I ask you some questions as well about the program?

Sure. Message me.

1 Vote

Fort Lauderdale, Florida

@Miguel Badillo. I have a recommendation. But I will say that the @Austin Fowler offer sounds like a good one if you are in the position to take him up on it.

Otherwise, I recommend RE Mentor / David Lindahl. They are in Boston MA area. With their program I sent from owning two single families to over 400 units and over $30m portfolio.

Check them out for sure.

2 Votes

Fort Lauderdale, Florida

Hi Sina,

Sounds like you are excited about the the crazy ride of real estate investing. 3 year to be passionate is great - but it's now time to take action.

I'm in LA and invest in the midwest currently. Let me know how I can help to guide you.

0 Votes

HELOC. Then invest out-of-state. At my Meetups I show investors where and how to invest out of state (specifically when being from California). You'll need to start learning for sure. Find a Meetup near you or if you are willing to drive up to the Pasadena area DM me.

0 Votes

Orange County, California

Be sure to be fully funded from day of closing and get all those repairs done asap. I see many investors plan to phase it over time. Most of them don't do well. The investors who do it all early, tend to kill it.

1 Vote

Milwaukee, Wisconsin

Just to be helpful: be careful with "so many member's here suggesting". Have you read the book Blue Ocean?

1 Vote

Columbus, Ohio

I created this chart after studying for years why some people succeed in real estate investing, and others don't. I give speeches on this and the explanation of the 4 quadrants. It might surprise you to hear about each one - and which is the most important (of course I think I've already let the cat out of the bag). If anyone is interesting in what I've discovered, DM me.

1 Vote

Quote from @Taylor Waters:

Quote from @Tim Ryan:

Quote from @James E.:

Quote from @Tim Ryan:

I'm not against paying for education and coaching. I've paid tens of thousands over the years and it has paid off very well.

I just would not pay for wholesaling education. Wholesaling is the hardest real estate strategy.

Why do you say Wholesaling is the hardest real estate strategy sir?

James, in my long years of experience, I rarely see people making money in wholesaling as the process is full time and full on. It's not for everyone. The whole idea that "it's a great place to start because you don't need money or credit" is hogwash. It's a business and the biggest problem I see people make is to treat wholesaling as a side gig. I believe it takes a specific type of personality to make wholesaling a success and a program can't teach that.

Interesting perspective. Thanks for sharing. In my experience a lot of folks hesitation for getting into real estate as a wealth creating medium is the hefty amount of cash you need for a down payment. Real estate is advertised as this great investment strategy but traditionally it takes a lot of cash to start. I think that’s why people in a low capital situation lean towards wholesaling to build up their capital because it, in theory, takes none or very little to start.

Having said that, what would be your personal recommendation to get started with RE investing(with little capital) outside of the cliche “saving for a down payment for a duplex” strategy?

Here's the best thing I can tell you on your question: learn to be the ultimate entrepreneur. Is that teachable? I'm not sure. Why do I say this? Because an entrepreneur will learn about real estate investing (which we are all doing), then go out and find a good deal, THEN go out and raise the money - thereby not needing their own money. Sounds crazy to accomplish? Or sounds doable? There lies your answer as to whether you can do it or not.

0 Votes

All Forum Posts by: Tim Ryan

Tim Ryan has started 20 posts and replied 604 times.

Post: Going to be doing my first 1031 exchange. Need Help where to invest it

Post: Converting Large Multi-Family to Condos

Post: Real estate investing coaching

Post: Real estate investing coaching

Post: Hello BiggerPockets! New PRO here

Post: How can I use the equity in my primary residence to get started?

Post: beginner mistakes to avoid

Post: new investor from california

Post: Paid Mentor Worth It?

Post: Paid Mentor Worth It?