All Forum Posts by: Patrick Ryan

Ok, thanks Cliff. How many immigrants can actually afford a house though? Refugees surely cannot, as they are merely parasites to the taxpayers. 

I will say its a fact that millennials have a huge burden of student loans that the boomers do not. That being said, how will millennials afford these homes being passed down? I have to think supply will outweigh demand as the boomers being to pass the inventory down. I'm dumping my real estate portfolio in the spring 2 years from now to put myself in a cash position just in case! 

Maybe I am reading into this graph from Wikipedia wrong....but maybe not....thoughts? The red line shows birth rates of baby boomers vs other time periods. 

Hi Michael, 

I have 3 rentals now, and I look to get 7-9% here in the southern metro of the Minneapolis/St Paul area, specifically Apple Valley, Farmington, Lakeville. I do have some niche expertise that might drive that #, because I am a real estate agent and home flipper. I am further strengthened by my Wife, who has done 250-300 tenant placements for Renters Warehouse here in the area. If your willing to seek a higher ROI through a professional management service in a different area, please reach out! I also just spoke with a colleague who manages roughly 12,000 doors, and he is openeing up a management office in St Louis. I picked his brain and he started showing me homes there on the market for $20-$40k that fetch $600-$800 per month....he said places are being paid for in rent in 3 years.....that kills it. Let me know if you want his info, or mine.

All the best, 

Patrick Ryan 

In my opinion, the market is 100% going to crash in 4-7 years. There are 2 baby boomers for every 1 millennial. Boomers hold 80% of the wealth. Therefore 2 homes will be passed down to 1 millennial, who have lots of student loans and much less wealth. Millennials will not be able to absorb the inventory and a glut in supply will make prices fall hard. I feel its inevitable and we are currently in a bubble. Thoughts? I would love to be wrong because Im all in on rentals/real estate, but can't see its going any other way. Let me know your thought. 

Talk it through with the city. Tell them you are only trying to make their village a nicer place to live, and they need to welcome investment money, not turn it away. Get the permits and get them passed properly. Sell the place and move on to a new city next time. Nothing worse....I feel for you. 

Whats up Nick, from Apple Valley! My team and I have a cool dynamic. My Wife works for Renters Warehouse, a professional property management company. I am with a small brokerage called FISH MLS, where theres no monthly fee, just a $495 per transaction fee. And our teammate works for Edina Realty.

We've flipped 7 places, have done 300+ tenant placement deals, and a combined 50 + transactions for traditional sales. We are young and hungry, and have a solid business plan for flipping and investing in rentals. 

Get your license. Work for a very small broker who doesn't charge a monthly fee, but only per transaction. Having your license is a must in this business. 

Hi Mike,

Get in touch with Renters Warehouse down there. An agent can help you determine rent before you buy, that way there won't be any surprises. 

Just take it from the deposit. Thats what its there for.