All Forum Posts by: Ryan Arth

@Natalie Gelbke-Mattis I would call Steve Barreto at Huntington Bank. They are the largest SBA lender in the area, and this should fit well with the SBA 7(a) program, unless it is a bit too small. 216-308-7752.

Outside of that, my friend Phoebe is currently in the process of buying an established ice cream location on the West side. I can connect you if you would like. 

https://www.shorewayhomeinspections.com/

https://inspectiontech.us/

@Robert Ellis Since you mentioned panels, have you looked into SIPs at all for your builds? 

@Noam Elgavi There was an identical post to this posted at the same time. I would suggest using the search function on the forums to do some research, as this question is asked all of the time. You will get more info from reading past posts than you will get on a single thread. 

Case in point, many responders copy and paste their usual reply, as you will see when you look at past posts about neighborhoods. 

@Nataly Naim There are countless posts on this topic. If you search you will find a lot more information than you would probably get to an individual post.

@Bayo Badejo Agreed, that Zip touches a lot of different areas, from the national park to south of exchange. General area and property class would be needed at a minimum for anyone to offer an intelligent response. 

@Scott L. I would start with the marketplace section here on BP. I would also join every FB group for investors, from local to California, and post the package there as well. Also on Loopnet, which you could do yourself. If you are looking to list the portfolio, the agent could do Loopnet and the MLS.

If you are looking for a private sale I have a few investors that I could shop it to, as well some private groups that I am a member of. Feel free to shoot me some high level particulars and I can keep you anonymous. 

I have a friend here who has about 140 houses right now, who I was discussing return on equity with. When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties. His reason was the only thing he knew to do with the proceeds was to loan it back out at 12%, and he would be "behind" where he is now in cashflow.

His proceeds would have given him options up to and including PE, but he is a simple man and in his case holding was the option for now. 

That may not apply to you, as a financial professional, but I thought I would share the story.

Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.  
  

If you don't have any connections here, find people that are investors here and reach out to them for a referral (whether on here or FB). Then you can avoid the self promotion issue. 

I usually advise folks moving to a new area to rent for awhile to get the lay of the land. Once you are on site you can decide if your $20K should be used as a downpayment on a double to house hack (to stop renting), a single to just stop renting, or a single to lease out. You will have enough for a small downpayment on each option, depending on the area chosen in each case, and you won't have much of a cushion after closing costs. 

Congratulations. Solid looking building in Rocky.