All Forum Posts by: Tim Ryan

@Jad Rahouly Are you already educated in the aspects of investing?  That's the real first step. Maybe find a local mentor or pay for a coaching program. My advice is no to wholesaling as a first step - it's much harder than you think. No to flipping as this is the hardest and finding deals near SF will be near impossible.  The strategy should be rental properties that will pay now and later, but you need to educated beyond reading posts. If that's a bit harsh, then congratulations you just had your first mentoring moment.

Hmmm, wishful thinking as I don't believe anyone knows how long this will last. I am now finding rental properties that still cash flow even with the higher interest rates. Most investors I know are waiting for rates to go down. I'm finding good deals in the mean time.

@Mario Morales definitely don't listen to @V.G Jason he doesn't know what he's talking about. I am one of those who paid for coaching and have had tremendous success due to them. Not predatory at all or in any way.  I did a coaching program with Rich Dad years ago (Robert Kiyosaki) and it was amazing. They helped me in direct ways that no way this site or a casual post could do. Money well spent on my part. Then I spent money with RE Mentor (David Lindahl) and that completely changed my life forever. I own hundreds of apartment units and have a lot of positive cash due to that program.  The third one I spent money on is a guy who is no longer around. His name is Marc Garrison and he did Buying Tours and this completely set me on a course to success.  I've done more for personal development and health also.  The key is to do what you are doing - ask for advise on where to sign up - but not if you should sign up. We all need mentors, coaches, guidance.  DM for more info on those programs.

It's your market Madison. It's too hot a market right now. Find an up and coming market near you. Get in before the growth. I know of one right now that at first you'll probably say no way. But if you investigate what's happening there you should say, hell yes.  Racine, WI.  I've bought 18 buildings there in the past several years. All rents are rising rapidly and getting appreciation. I'm being offered prices to sell which is good, but I'm going to hold out for great! Btw, I live in Los Angeles so please don't tell me that area is too far from you ;)

Good, my market still not showing up. That means my strategy of being a contrarian and going in first is working.  I'm raising rents often and seeing appreciation in a Blue Ocean.  Soon the investors will show up - and I'll begin to sell ;)

Amanda, I live in LA County and I've been investing out of state since 2009.  The criteria for me has never been driveability or flyable (I'm assuming you mean close and not too long a flight). The criteria is growth markets.  If that's Alaska, I'll go. We can all fly anywhere in the US within a day, so it's all basically the same.  I went into Chattanooga TN back in 2009 and rode that wave until 2018 and sold out.  Now I'm in Wisconsin. Yep, you heard that right, WI.  A growth market! "Follow the Job Growth" and do that as its starting. Meaning Houston and Austin is too late in the game, etc.

Do they own all 20 free and clear? Meaning they don't have any mortgages?  I think this is a great opportunity to have them be the bank for 80 or 90% of the purchase price and a lower interest than being quoted. We say it's "trading price for terms". Pay their price but get these terms. Lending on a portfolio is hard to get. I'm assuming these are 20 single families?  Yeah, they can owner finance and this could be good. Of course, I won't care how good the terms are if these houses are crap in crappy areas. That's your job to investigate.

That's too high a price out-of-state for a single family.  I bought a 4-unit last year for $250k with 25% down that has actual positive cash flow of around $500 per month and that adds all the additional fees that come including a repair budget.  My point is maybe your two locations are not the right places?  There is always a growing market somewhere. The key is to identify it.

Sell em all and get those funds working for you out-of-state in a growth market.  With those funds you should be in multifamily no single homes.  With those funds you should be Cash Rich from all the positive cash flow.  Sell. You've made your money here. Time to Level Up!

You'll need to invest out-of-state of course. Remember that everything outside California is relatively cheap. So don't just look for cheap or cash flow positive. What you need is a growth market. You need to see progress and growth coming to the market, or you could be wasting time in a stagnant market or even worse a declining one. I've seen many Cali investors do this. Also, if everyone is talking about a booming market for the past 3 years its probably too late.