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All Forum Posts by: Ryan Lee

Ryan Lee has started 3 posts and replied 26 times.

Post: I'm baaaaaaack and I'm never leaving again.

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5
So after 3 years of putting my bigger pockets subscription on hold...I realized that I made a big mistake 3 years ago.😬 I met great people. I learned a ton. And what was I doing instead you ask. I was working in the brokerage world. I had opportunities to invest come and go. See the problem with the brokerage world without investors and investing is that you have to rely solely on the bank to invest in properties. Well as a new broker in a new city business was slow to grow and I was using every commission check to feed my family which meant no ability to invest. Seemed like I had lost all my momentum in my investing business. Now I want back in! It was the dumbest thing I ever did. My passion was to start investing in notes and I had the resources 3 years ago to jv a pool of 2 notes from a gentleman I met on biggerpockets. I got cold feet though and never did purchase them. Huge mistake. Then went into brokerage and focused on commissions instead of investments. Now 3 years later I sit here and think about all the shoulda woulda coulda moments from that experience. And now I want to start over again. So if anyone knows anyone who I can talk to about a small jv on a delinquent note or two I LOVE to chat. I have gotten analysis paralysis and I need to jump in now. Let's go! Lesson learned.

Post: Hello from Salt Lake City, Utah!

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5

Welcome. Where is your focus in Utah?

Post: Seller Financed SFR in Bountiful Utah

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5

What is your contact information? I am interested.

Post: I need a wesite to find absentee owners.

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5

Have you tried Listsource.com? I have not used it for absentee, but I have heard good reviews on it for other lists.

@Sherry Byrne

Post: Marketing

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5

Larry, Welcome to BP. This site will teach you how to do anything you want to do in real estate and put you in touch with a great number of people. 

I have recently spent some time listening to some of the Podcasts and there are a handful that will help to address your issue of using a shoestring budget to come up with marketing. I love episode 81 for this among many others. Although marketing isn't free you can learn how to manage how much you need to really get started to meet your specific goals.

When your marketing what is it that you are looking for? Distressed properties? High or low Equity homes? 

I would say the cheapest is going to be what has been said already to drive around looking for properties and knocking on the door and asking them if they have thought about selling. You have to have a tradeoff somewhere its either sweat or cash. If you don't have cash then you have to do the hard stuff until you have the cash to put systems in place to produce the leads.

Good Luck! 

Post: Closing on my second 4-plex today!

Ryan LeePosted
  • Investor
  • Salt Lake City, UT
  • Posts 27
  • Votes 5

That is great @Account Closed . It sounds like you are using every bit of leverage you can in the best way you can use it. Good for you.