All Forum Posts by: Ryan McIntyre

Over the past 10 years of investing in Real Estate I have gotten more and more frustrated with the utility bills and waste generated from the tenants in my buildings.

I have since worked closely with a micro wind-turbine manufacturer out of California and have really concentrated on making the idea of having GREEN power & GREEN reuse on my buildings a reality.

Well, about 4 months ago, I joined an idea competition on a website called IDEABLOB, hosted by a credit card company. This month, I found the idea in the top 4% of entries on the site. I harvested votes and am now in the final 8 contestants for the month! They award $10k towards the winning idea...which will be a huge input towards what we are trying to do!

I am requesting your votes on the ideablob website (below). My idea should be found right on the front page and is titled:
"Economically Reduce the Environmental Impact of Apartment Buidings"

You'll see it on the lower right hand corner of the site. Any feedback is always welcome on the idea! I'm always happy to share information with other landlords on GREEN Energy installations, zoning requirements and state laws too! Thanks in advance!

Cheers from the Windy City,
Ryan

http://www.ideablob.com
Ryan McIntyre
Scrub Shuffler
MedBed, Inc.

I'm not sure where you live...in some areas $10k is a really good down payment in others it isn't.

I saw one poster below recommend Lease-Option already, so I won't go into detail, but that is certainly an option.

Another option that seems to be largely overlooked is owner-financing. This is easier to get than you might think if you are willing to become well versed in "what is in it for them". I closed a property earlier this year where the owner caried 76% of the financing (at 4.5% for year 1 and 5% for years 2-20!).

We are in a time now where mortgages are uncertain and sellers are having a hard time selling their properties. If you spend some time searching public records, you will find that about 33% of the homes out there HAVE NO mortgage on them. These are the people you want to talk to.

A great teacher of these concepts is Greg Pinneo out of Seattle:
http://www.reachreturns.com

I learned most of what I know on the subject from him and he hosts free 2-day courses all over the place. Either way, good luck!

Cheers from the Windy City,
Ryan

This is a great forum. My name and metrics are in the subject heading. I focus mostly on large commercial real estate in Chicago near the University of Illinois at Chicago and the University of Chicago.

My main focus is in niche medical student housing, but we do a fair share of housing for general tenants as well.

We are always looking for new people and new projects in Chicago, so if you are in the area, contact me. It would be great to see what other Chicago investors are up to and get a pulse on other areas around the city.

Cheers from the Windy City,
Ryan