All Forum Posts by: Ryan Inman

My father went through and received his CCIM designation a few years back and he has nothing but positive things to say about it. I think it really helped his business as well.

Check out listsource.com Have heard good things about them but I haven't used them yet myself. Good luck!

Welcome to BP! Investing in multi in Vegas is a bit tougher than it is in other major cities but it can be done. Since you are just starting out in your investment career I'd like to offer one piece of advice. Diversify your holdings among different asset classes. Holding various types of investments will limit your risk while positioning yourself for optimal gains. Even though you are young, try to limit large losses. If you have a 50% loss, it will take a 100% gain to get back to even. Also, always keep an eye out for a good investment opportunity, you never know how/where the next deal will come from. Good luck! Feel free to reach out to me if you have questions. Ryan

I literally laughed out loud at your response. Thank you for sharing. Keep it up, it will pay off!

I would:

1. Partner up with 3 top hard money lenders and put 300k to work right away. You should be able to achieve 10% or so on this money per year. 

2. Work with an advisor to put 300k into a diverse strategy that consisted of low expense ETF's that pay a dividend. This should be spread out internationally and be more weighted in bonds than equities right now.

3. Look at purchasing some buy and hold SFR's, using about 300k of the remaining funds. Location dependent on your risk tolerance and ability to have "boots on the ground". In my area (Las Vegas) this would buy 3 homes, 50% financed, that generated around $1300-1400 in monthly rent (net would be roughly $500 per home per month).

4. 50k or 5% of the portfolio I would be more aggressive and take on some additional risk. Personally, I would buy some high yielding stocks in beat up sectors (oil and gas, commodities etc). I might venture out into non performing seconds or anything else that might be deemed "higher risk". I would not do this with more than 5% of the overall portfolio. 

5. Purchase 50k worth of silver in the form of American Silver Eagles at LOW premiums or brand name silver bars no more than $0.79 over spot.

Without knowing your age, risk tolerance or overall financial stability, the above is what I would do with $1m sitting in the bank. If you wanted to be more passive, I would really stic with #1 and #2 and put $150k more into each. Assuming you went with my above recommendations, I could see the income on that $1m being about $75,000 per year and quite conservative.

Good luck, let us know what you end up deciding!

Ryan

You can still get additional funds into your ROTH using the IRS Form 8606. Essentially contributing to a traditional IRA then immediately converting the funds into your ROTH.

I would invest in some short term notes and/or put it to use with a HML while you wait for the balance to grow. 10% is achievable in this market and many knowledgeable guys and gals on here to point you in the right direction.

Disclaimer is that I always recommend a fully diverse portfolio and the above advice doesn't take into account your other investments. Good luck!

Sorry for the errors in my previous post as I'm posting from my phone.

Depending where the property is located, the highest and best use could turn out to be commercial. My advice would get with a commercial agent that knows what they are talking about and get their advice on what the property could be renovated and how much expected income could be etc. If you don't putting up the address I'm curious where this is located and depending on location I can direct you to someone that might be able to help. Ryan

As a financial planner I would give general advice to a client to diversify depending on the age and risk profile. Personally, I would invest in rental property in an "a" class area. I would invest a portion in several etf's with long term investment time horizon. Another portion would be in precious metal. Lastly I would look into investing in notes.

I know of a great agent and broker I use in vegas. Pm me if you are interested. Good luck!