All Forum Posts by: Tim Ryan

Paula, well done!  So Cal is good for appreciation.  Of course, you made this one appreciate by adding value. This is a Home Run! Bravo.

Aimen, welcome to the California Conundrum! I gave up trying to buy cash flow properties here in 2008.  Been buying out of state ever since.  The criteria you need to be looking for is 1. where can you buy with positive cash flow OOS, and 2. Where is there a market that is poised for growth.  The criteria of "close states to Calif" should not be a criteria.  A flight of an hour or two further will make no difference.  If you don't fly and only drive, then you will have a problem investing out of state. Contrary to what I often read here on BP, it is not hard to find cash flowing properties. You just need to go to where they are. But remember, cash flow is not enough, we have to expect appreciation also, and we can. DM if you want to talk more about this. We are local to each other.

Hey Ruben, since I've been through this already, I am recommending you go Multifamily.  You can learn as a rookie along with the best asset class to invest in. Good luck.

Hey Griffin,

I live in LA so I get it about the lack of cash flow. That's why I don't invest here with rentals. What I learned long ago is that real estate investments can offer the following: positive cash flow, appreciation, and tax benefits.  And I must have ALL of those.  Buying just for appreciation for me is too risky.  So, I'd say gather those same friends and invest where you can get all of those, and you can. Whether is a drive, or a flight, doesn't matter. Here's my motto: Live Where Ever You Want to Live, Invest Only Where It Makes Sense.

One more thing:  of the group, including you, who has the experience in real estate investing. Or is this the blind leading the blind, but together with money.  Money is not enough, get someone experienced on that team for sure! Maybe that team member doesn't put any money in but brings the experience. That'll be the smartest move.

Hi Lehoo,  I invest in real estate in that area. I can likely help you on the investment side to finds a good deal and we can bring in an agent at any time. Send me a Direct Message and we can discuss.

@Richard Mercado You bought at the right time at the right place, and for sure in the right marketplace. Well done.  Now (since you are on this site) it's time to turn that into an even better investment.  I concur with @Steven S. on his advice. Especially if you buy an investment in another state, your CoC can easily go 12% +.

Or a 30 unit for 3.2m using the $800k (no more money out of pocket) for down payment.  This would not be in Oakland of course. Not in California.  

Hi Woojin,  what area of LA?  I am in Arcadia. I have helped investors buy medical office buildings.  I can also find space for lease.  I am an investor and I also have my real estate license and with that can research and network with other agents.  DM and we can discuss.

Hey Nick, congrats on the leap! I'm in the Pasadena area. Perhaps we could get a coffee sometime and I can tell you about my journey inb REI since 2008.

So many places around the country. I nail down one area and work it for 5-7 years. This has served me well. It's too hard to jump all over the country. When investors ask me, "what about this place or that place" I say, it might be good but I don't know it well enough, I know my market.  I say this as an encouragement to bear down in one growing market (I didn't say grown), be careful you don't show up too late.  I can say a lot more. DM if you want to hear. It would be good to hear more of what you are looking to do.