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All Forum Posts by: Ryan Billingsley

Ryan Billingsley has started 74 posts and replied 829 times.

Post: Advice

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@David Saleeba 

WOW!  The mindset you have at your age is rare.  I would recommend reading books and listening to podcast to increase your knowledge.

Rich dad poor dad by Robert Kiyosaki is a great place to start to continue nurturing your mindset.  

The bigger pockets podcast is great to hear real life stories of real estate investing.

Other good podcasts are:

Best Real Estate Investing Advice Ever by Joe Fairless

Freedom Real Estate Investing Podcast by Brock Colins

There are many apps you can download to play the podcast.  I use podcast addict.

Another great way to move forward in real estate investing is to continue participating on this forum by asking questions and helping others.

Post: BRRRRRR who are you using?

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Jim R.  I have used @Jerry Padilla with great success.  You can check out is bio for more information on what he can do for you.

Post: REI for the greater good

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Russell Naylor

Giving back motivates me.

I believe REI is a great vehicle to help others.

In the future I would love to renovate a distressed property and raffle it off to someone who is in need of a home.  

Post: What's your ROI on rental?

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Aaron Xie If the properties were purchased cash the ROI last year would of been around 20.8% for both C class properties combined. (I purchased them as a package deal). The B Class property would be an estimated ROI of 8.25%. All were purchased off market through my direct mail campaign.

Post: What's your ROI on rental?

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Aaron Xie

There are many variables. Leverage, area, etc. I have 2 properties in a C class neighborhood and last year the ROI for both combined was around 85%. I also have 1 B class property that I just acquired and it will have an even better ROI because I used the BRRR strategy and have roughly $3500 invested in the deal. So my one year projected ROI will be 94%

Post: Who has the best tenants ever? Great tenants DO EXIST

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Sarah Larbi

Great tenants are a blessing!  I have a couple tenants that are great!  They have improved my properties because they have pride in the house they rent.  It makes it all worth while when your tenant appreciates you. 

That is one part of this business that never gets old.  Creating an opportunity for others to create a home.

Post: ​I QUIT MY JOB THIS WEEK!!! (with help from BP, at 31yo ;)

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@J. Martin  Great post to read first thing Saturday Morning!  Congratulations!  Dreams do come true.  Thanks for the inspiration!!  Where are you planning to travel first with your new found freedom from the rat race??

Post: Looking for a good CPA!

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

I am looking for a good CPA to complete my K1 for my LLC. I would prefer someone who has experience working with real estate investors. Any recommendations are welcome!

Post: Yellow letters

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Troy Williams

Are you looking for the materials or a service provider?  There are many direct mail marketing providers on this site.  I use @Jerry Puckett with great results.    

Post: 1000 Bandit Signs put out in one night

Ryan BillingsleyPosted
  • Investor/Realtor
  • Wentzville, MO
  • Posts 846
  • Votes 431

@Corey Thompson 

I am excited to hear the results of your massive action.  Even if you do not get the results you want you will learn and grow.  It sounds like your phone is about to explode haha!

Keep us posted!