All Forum Posts by: Tim Ryan

I would add a third option - large multifamily.  Why stop at small?  If you are thinking it's because of a finite amount of funds you have, then you are not looking at this business correctly. Unless this is just a hobby?  I'm being sarcastic, but really, think bigger.

Hmmm. We all can dream...

Hey David,  I learned years ago not to invest in buy and hold properties in SoCal, in spite of the great appreciation.  I have been buying out of state and getting both cash flow and appreciation, for years. The key is to find a future growth market, get in early, and ride the wave.  I can give you a book recommendation that explains this well. DM me. Perhaps we could meet up for a coffee since we are both in LA.  We can see if there are synergies within our business.

What is the strategy? Wholesale the properties you find? Flip them? Buy and hold?  My strategy (and I've bought many off-market deals) is getting those deals from the locals. Realtors, contractors, escrow agents, insurance, etc. Get connected like @Nicholas L. said.  Btw, I've bought many properties On-market also. You need to be quick and (again) have connections.

You need to add a second story to the house.  But that would be more of a development project than a flip.  It's not easy to find flips these days.  I have flipped and developed many home but right now I'm focusing on buy and hold out of state (being in LA like you are it's the only way).

Here's the best advice that you may not hear from others.  Take that $20k and spend it on a coaching program. Take time to really vet out the best program (my advice is learn about apartment syndications). Then you can start investing in assets (here it comes) with Other People's Money.  A good program will teach you how to do this. $20k will get you nothing to own on your own and you'll be untrained doing it. This is a no-brainer!

Where are you located?  I'm asking to know if your funds can get you into a deal in your area or you might need to go outside your area.  You might want to look into spending some of those funds on a program to learn more about apartment investing.  I have spent a lot of education and it has paid off many times over.  We can discuss more.  Please don't listen to those that will tell you all you need to do is learn strategies here on BP.  I love BP for many things, but it can't get you to that level...

Wow, I can feel the enthusiasm and commitment. Reminds me of myself and my wife several years back...  I have insight on locations to build your real estate investing and more importantly some processes on how to get deals. Where are you located?  DM me so we can connect further and see if I can be of assistance.

Hi Rakesh, if you are serious about learning multifamily and going all-in, then you should get trained.  I did coaching at RE Mentor in Boston. David Lindahl's program will teach you everything you need to know and you will succeed if you take it seriously.  You can start with reading his books (Multifamily Millions) and go to a local seminar when they are in town. But coaching will be the game changer for you.

I wrote a blog about my story. DM if you'd like me to sent it to you. It shows all the places I learned in black and white lol.