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All Forum Posts by: Daniel Ryu

Daniel Ryu has started 49 posts and replied 559 times.

Post: becoming a mortgage broker??

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

@Bill Gulley

Hi guys. Thanks for your extremely helpful posts. 

I'm an investor and I enjoy the underwriting and financial analysis involved in investing. I've thought I might enjoy the field of Commercial Mortgage Brokering. (Not residential)

I'm not thinking of becoming a broker initially but I'd like to work as an "agent" for a broker, helping to find clients and working to get the loans ready. 

From what I've read, it's possible to do that without a license and earn commissions off of the loans you help to process for the commercial mortgage broker. 

Do either of you have insights into this field of lending?

Do you have advice on how one might get started?

And in this a job, in your opinion, that can be done remotely (ie. You live in CA but work to process loans in different states)?

@Engelo Rumora

@Jay Hinrichs

It's so awesome to know both of you!

@dominique osborn

Glad to meet you! Hope we get a chance to talk in the future. 

@Jay Hinrichs

Hahaha.. Yeah Engelo is a powerhouse! 

We plan on having you in different months though. (With your over 30 years experience in real estate investing, I doubt anyone could steal your thunder ^^) I know our group is going to learn a ton and I'm super excited about it. I hope we can make it happen!

Greeting BP members, especially newbies who are looking for creative ways to connect with other experienced real estate investors, mentors, coaches, etc.

Think you're living in an area where it's hard to network with others? So did we. 

We being members of the Seoul Real Estate Investing Meetup in Korea.

About 8 months ago, @John Van Uytven reached out to me through BiggerPockets. I thought, "This is awesome! Even all the way out here in Korea there are people I can meet to talk with about real estate investing." I brought along my real estate investing partner @Benjamin Hauser and the three of us met for coffee.

After we met, we decided to do this regularly and John even had the idea to create a meetup group.

We thought maybe we'd find another investor or two out here in Korea, so we were pleasantly surprised when 12 people signed up for the next meetup. And from there it continued to grow and grow!

We now have over 165 members, and expect +30 people at each of our meetups. We've been averaging 20 new signups each month. So how have we've been able to grow?

I've signed up for about three or four different meetups and here are four ways our meetup is different:

  1. 1. Sending out post-meetup wrap-ups. After each meetup, I'll send out a summary of what happened last time. (If you want to see samples, I've included a link below)
  2. 2. Creating videos clips from our meetups and posting these to build credibility. It helps make our meetups look professional.
  3. 3. Sending out a personal greeting to each new member that features links to posts, vidoeos, etc. about us. 
  4. 4. Finally, the most helpful thing was probably posting here on BP about our successes.

By posting on BP about our successes, we've been able to attract awesome BP 'virtual guests' such as (sample video clips below):

@Joshua Dorkin

https://www.youtube.com/watch?v=zNe1b178zWY

@Brandon Turner

https://www.youtube.com/watch?v=nqgZTwwu_2Q&featur...

And this month's Virtual Speaker:

@Ali Boone

https://youtu.be/tVFHBSi9ipY

who generously spent over 45 minutes answering questions about Turnkey Real Estate Investing. (Click on the link above to find out Ali's method advice on AVOIDING THE SCAMMERS!)

In April, we'll be having @Engelo Rumora as our virtual guest and we may be able to get @Jay Hinrichs to speak if we can make the times work out.

So, through our meetup, not only have I've been able to talk with all our speakers personally and ask them questions (every newbies greatest hope!), I also feel good because we're able to give back to them by helping to increase their profile (international speaker sound good to anyone??), and introduce them to a new audience. 

While what we give back is only a fraction of what they give us, I still feel good about that.

Meanwhile we've also been able to grow the BP community.

Our latest in-person speaker @Robert E. Medlock II and newly minted BP member, gave an awesome talk on how he rehabbed and rented out a $9,000 house in Jacksonville, Florida, complete with pictures of the entire process. 

So if you're looking for a way to connect with more experienced investors and a way to build your own credibility and brand, I definitely suggest starting a meetup. There are so many benefits and the only 'cost' will be a little bit of your time.

That's it for this post. I hope it encourages others to start their own meetup!

Here's a link to some of the messages we've sent our members:

http://www.meetup.com/Seoul-REI-Meetup/messages/bo...

Here are some pictures from our latest meetup:

Some of those featured in the pictures:

@Sandra Roddy, @Dustin Karns, @Josh McNicoll, @Account Closed

Post: Quick Question for Quickbook experts!

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

@Bryan Hylenski

Hi Bryan! I help organize the meetup with John out here in Seoul. Too bad you're so far out^^

If you're ever visiting Seoul and want to meetup with some of the members, send me a message and maybe I can help arrange something. 

Take it easy!

Post: New Member from Jacksonville, Florida

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

Here are some other people from our Meetup who are on BP:

@Benjamin Hauser

@Sandra Roddy

@Dustin Karns

@Josh McNicoll

@Paul Wurster

@Jacob Michaels

@Account Closed

Post: New Member from Jacksonville, Florida

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

@Robert E. Medlock II

Welcome to BP! 

Awesome presentation on the flip you did in Jacksonville. 

I know a lot of people found it very eye opening. 

Glad you're part of the Seoul Real Estate Investing Meetup! We're lucky to have you ^^

What's your excuse for not investing?

* No money?

* No time?

* No deals where you live?

At the Seoul Real Estate Investing Meetup, we don't believe in excuses.

We don't let living in Korea stop us. 

Our members invest in areas like California, Jacksonville, Arizona, Indianapolis, Hong Kong, Seoul, the Philippines.. the list goes on and on.. all while living and working in Korea.

We don't let not speaking Korean stop us. 

Our members invest in Korea, even though some are not fluent.

We don't let lack of networks stop us. 

What began as three guys drinking coffee together (who met through BiggerPockets) has now blossomed into 150 members and 40 RSVP-ed for our next meetup. There's a good chance it will be standing room only. 

We don't let lack of speakers stop us. 

We've had @Joshua Dorkin @Brandon Turner already speak at our meetups, and we're proud to have @Ali Boone speaking at our next one.

When you have a passion for real estate and determination to make it happen, you find a way! 

In the last month, various Seoul Real Estate Investing members have:

* Closed multiple deals in the US
* Purchased an investment home
* Put in an offer on a potential flip in the US
* Created a savings plan to be ready to invest in July
* Contemplated being a part of a nearly one million dollar real estate portfolio investment
* Contacted an investor who did over $1.4 m in deals last year and spent 15 minutes learning from a pro
* Met with brokers from the Philippines to discuss potential new land development in Manila
* And flew over 6,000 miles to get a deal done!

If you're looking to become an investor or expand your portfolio, there's no need to do it alone. Join other dedicated action-takers who will help propel you toward your goals.

Take control of your future!

http://www.meetup.com/Seoul-REI-Meetup/events/220546824/

Saturday, March 21, 1-3p (Korea Time)

Meeting is held in Seoul at the TOZ in Gangnam

Directions to the Meetup:

https://www.evernote.com/l/AAQ18qqFd3NOZZX0zsmoaJp... 

Post: Orange County Meetup - March 18th

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

@Clint Kreider

Hope to join you one of these times!

Post: Converting a duplex to a single-family

Daniel RyuPosted
  • Investor
  • Suwanee, GA
  • Posts 579
  • Votes 347

@Account Closed

Hi John!

Some friends of mine were thinking about converting a duplex into a SFR.

The problem - the front entrance - there are two front entrance doorwayrs that are in the middle of the house - one toward the left / one toward the right.

It's a brick exterior.

So if you fill in one door, the front entrance will look off center. Not sure if this is a problem..but..

Have you ever had to deal with an issue like this before?

What was your solution?

And I was wondering if you had any pre / post pictures of your duplex conversions?

Thanks a lot!