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All Forum Posts by: Ryan Easley

Ryan Easley has started 4 posts and replied 18 times.

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5

@Jered Sturm Sounds great, I'll be there if I can make it! (May be in London) I really want to take some action in the next two months so this doesn't become another dream that will happen 'tomorrow'.

@Al Pat Thanks for that resource. I agree that I want to start small. I'm moving fast and would much rather make a small mistake than a large one.  The handyman is one area I will definitely need some guidance. My YouTube expertise will only get me so far.

Post: 100% Focused, Highly Motivated Investors, Atlanta

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5

@Jesse LeBlanc Sounds exciting, email sent!

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5
Originally posted by @Stan Sugarman:

Yes the neighborhood has the greatest effect on the quality of renter. Background checks are very important so I would research a screening service as part of your 1st rental purchase.  Multifamily means you have to worry about the tenants getting along in addition to protecting your property.

Thanks for the guidance. Just noticed you were close, best of luck in the new year and let me know if you want to connect.  

-Ryan

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5
Originally posted by @David Thompson:

Ryan,

Alternatively, although this is a DIY site by and large, don't discount ways to get in the game at a bigger level (200+ size units) through syndication deals.  Commercial property has a lot of advantages especially large communities where scale and forced appreciation thru value add approaches work well in many environments.  Since we are in the latter part of the cycle, its especially important to be patient, selective and not be afraid to learn and earn from others by partnering.  Also, would recommend plugging into local meetups in your focus area to start meeting the players and accelerate your practical education.

I can learn the numbers quickly but, the practical education and steps to execution is definitely what I need.  I'm scouting a few local meetups now.  

Ultimately, that's the level (large scale commercial) I want to be at.  I like the idea of syndication; but, not being an accredited investor limits the number deals I can participate in.  I like REITs and I've invested a bit before; however, it doesn't have the same feel as owning something tangible.

It would be really exciting to be on the other side of the table, identifying opportunities and helping structure these deals/investments.

Best of luck in 2017!

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5
Originally posted by @Stan Sugarman:

Good luck with the new venture. You might want to start with a few rental homes to see if you want to manage multifamily. Apartment tenants can be trying.

Yea, I think this is what I'm most nervous about.  I am confident I can manage the income, expenses, and other financial aspect; but, dealing with people may be an entirely different ball game.  Do you see any difference in your tenants based on the price of rent? 

Post: ATL - Options for Getting Started

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5

Hello biggerpockets,

I have been pouring over this site for the previous little bit and have found the information incredibly valuable and surprisingly actionable.  However, I am still very new to this and there is a massive amount of information.  I am hoping you can give me some bread crumbs on what I should be paying attention to in order to execute my first deal as well as any ideas on what kind of deals I should be looking into.

A little about me:

  • CPA / Sr. Tax Accountant
  • Wife is a newly licensed real estate agent
  • MBA
  • Current amount for down payment: 10K, I would rather wait a bit longer than immediately tap into 401k/IRAs
  • Credit score 738

I have exposure to tax returns for real estate investors, but have no experience in it myself.  I included job/income above to show I have the ability to make $ to repay debt.  I'm mostly looking at multifamily homes or smaller 3/4 units depending on what kind of financing is realistically possible.  While I think house hacking sounds exciting, I have a 7 mo old son and don't really want to lock into that for a year.

Let me know what you think my options are for financing, if you think a small multifamily or tri/quadplex would be a realistic option.  Are there better opportunities out there I'm not considering?

Thanks & let's crush 2017!

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5

Sounds great, connection request sent. Look forward to chatting.

Post: Atlanta CPA Turned Real Estate Mogul

Ryan EasleyPosted
  • Accountant
  • Dallas, GA
  • Posts 19
  • Votes 5

Greetings from Atlanta!

I am a CPA in the Atlanta area looking to start building a real estate empire! Maybe eventually, right now I'm just looking for a decent multifamily. I have spent the last few years watching everyone else make money and decided there's no time like the present to get in the game. My wife recently passed her real estate licensing exam; so, between her license and my tax experience I feel like we have a greater advantage than most to make a go at it. Right now I am absorbing everything I can and am excited about using this forum to show me the ropes on actually finding and executing deals.

Thanks and here's to a productive 2017!