All Forum Posts by: Tim Ryan

Multifamily for sure and use the 300k with leverage. If you can positive cash with today's interest rates, and you buy in a growth market, then you'll have a winner.

I've been investing in the Milwaukee area. The area is just starting to grow and is gaining job growth. When looking at future growth areas, I like to get in early (usually earlier than everyonw else) so when you don't see everyone talking about the area don't discount that as not good. For instance, Cleveland an Columbus, Ohio everyone and their barber are talking about it. For me that means it's too late. Not that there won't be deals there and future growth. I just don't like a ton of competition when I'm buying. I don't mind once I start selling...

I agree. A "team" can also be just a two person.  My business partner and I had 219 units together and we handled everything. Syndication also.

@Stuart Udis you are incorrect on your assessment. It does depend on who you get trained by though. Both my business partner and I (in real estate investments) paid for a program to learn multifamily, learned a ton, and met each other.  It's been a huge success. If I had the attitude to not pay for a program, I'd have no rentals.

I'm a contractor and just did a bid on an SB9 project in Los Angeles County - Altadena area (building permit jurisdiction). It took the owner over 2 years but he has the permits now. It's still so new but regardless, every building department in every city is completely incompetent in their timing for permits.  It's really slow.  I will say, what this guy will do with the lot split and building a 2300 sq ft home is pretty cool.

You will definitely need to buy out of state. At first it sounds daunting. Did for me as well, but I went on to own 330 rental units 2500 miles away.  I can tell you a lot more if you are interested. DM me. Do you ever get down to LA?  I will be visiting my mother in Bakersfield soon, maybe we could meet up and network.

I'm for paying when you want to learn. College is not free either right (not yet).  But $40k is way, way too high a price. Now, I've paid more than $40k over the years but not with one mentoring company. Btw, my education got me to owning 330 rental units with many flips/developments. So again, I believe in paying for the education. Otherwise you'll get what you pay for... DM if you'd like to hear more of my story and what I did.

No regrets. I've loved the entrepreneurial aspect of real estate investing. Always the need to innovate and take calculated risk.  I recently wrote a blog about how I got started and how I grew my real estate investing company.  Maybe I'll post is soon. DM if you'd like to read it.

Can't go in with negative cash flow.  The problem is Los Angeles.  Only way is to learn about out of state investing. Us here in SoCal have to.  Ohio markets have been hot for a while now, you can still check that out, but I am working the Milwaukee area right now and it's going very well.

Daniel, out of state investing will still be your best move.  The key is to know where to invest, and which property class. With your funds, for sure it needs to multifamily/commercial. I've done a lot of this and can attest to its success (when you know how). Also, there are methods to picking a market I can tell you more about. I'm in LA, so let's connect when you are in town and strategize.

You'll have to invest out of state. I'm investing in the south and midwest. I'd say learning more about which market to go to is your next best step.