All Forum Posts by: Tim Ryan

When doing on your own as a personal investment, then not many. When you work this as a business, many.

Always be on the lookout for a good deal as you'll find them at anytime. Let's just say this would no be a good time to quit your day job and go real estate investing full time. Because of the things you bring up and because it is very competitive out there, I haven't bought in 2 years. But I have been upgrading and developing the properties I have.

Quote from @Joe Derobertis:

Quote from @Tim Ryan:

Hi Richard,  I think it's amazing as we see the same cities being promoted all the time. I tend to be a contrarian and not follow the crowd.  We should connect as I'm in the Pasadena area. Get a coffee?  I can tell you my story.  Finding out of state cash flow properties under $200 - yes!

Can I join you guys!  I’m in the Pasadena area too!!!

 Sounds good. DM and let's coordinate

Hi Richard,  I think it's amazing as we see the same cities being promoted all the time. I tend to be a contrarian and not follow the crowd.  We should connect as I'm in the Pasadena area. Get a coffee?  I can tell you my story.  Finding out of state cash flow properties under $200 - yes!

Quote from @Solomon Nguyen:

Quote from @Tim Ryan:

What I am hearing from you is Me and I.  You are embarking on this alone?  Get a partner (s), that's my advice.  You are in a popular group that thinks you need to own 100%.  You'll do so much more in a team.  I've owned over 350 rental units. Only 2 I've owned on my own. I'd rather own a percentage of a lot rather than all of a little.

Hello Tim,

I’d be more than happy to collaborate on deals with a partner! However, I realize I need to focus on cultivating more investor relationships that would support such opportunities, as the ones I currently work with prefer to operate independently.

If you don’t mind sharing, how did you go about building your partnerships and establishing those key relationships?

Thank you for your valuable insight!

Best regards,
Solomon Nguyen

You need to know what you bring to the table. Your guys you prefer to operate independently don't yet see the value of your partnership.  What I did was first got educated, then I started finding good deals. Then everyone wanted to partner with me. If you can't find deals then you need to be the money guy. $80k is a start (and impressive at 21!), but it's not that much really to launch big growth.

Good job.  Lol

No way. You can't compromise.  I remember being a beginner and having similar thoughts and my coach telling me "you need to keep looking for the deal, it's out there".  Guess what? It was. But I had to find a new market and it was thousands of miles away from my house.  Keep at it I say, but modify your search, not your financial minimums.

What I am hearing from you is Me and I.  You are embarking on this alone?  Get a partner (s), that's my advice.  You are in a popular group that thinks you need to own 100%.  You'll do so much more in a team.  I've owned over 350 rental units. Only 2 I've owned on my own. I'd rather own a percentage of a lot rather than all of a little.

Your property being in LA mean you are already in one of the best appreciation markets in the world.  $500 is not very much monthly net income if this is a decent value rental. So you probably have a decent amount of equity now that is just sitting there. Let's hope we don't get "unrealized gain taxes"!  Buying out of state with LA money could get you a lot more cash flow since you'll now be using the equity. You can get appreciation also if you know where to buy. DM me and I'll give you some advice on where to buy.

Hey Michael,  good for you to reach out for help. What city are you located. If near me we can get a coffee. If not, a call. Perhaps I can shed some light on what it takes to get into real estate investing.