All Forum Posts by: Ryan Cox

@Mike Ross

In no particular order - Investment sales, property management & commercial lending will all give you perspective and experience that will pay dividends in your future investments.

@Cody Evans  I would suggest building a website and blog first.  You will own and control this content forever. 

Social media product rules and engagement can change frequently leaving you at the mercy of the tech.

@Lloyd Hudson Welcome to BP!  Lots of good conversations and smart people.  Looking forward to hearing what's going on in your investment business.

@Walter Myers  I would start with international corporate relocation companies.

@Arpita McGrath I would encourage you to have a firm grasp on the numbers and assumptions before taking an investment to investors or a lending institution.  Your ability to speak to 'why it's a good investment' will rest largely on your ability to explain the numbers to both parties.

@Gino Barbaro has a good post about calculating value 

@Brian Burke has a good post about understanding risks in multifamily investing..

I generally see good feedback from the BP crowd for Micahel Blank's Syndicated Analyzer for a reasonable price.

@Kevin Martins Yikes!  Not necessarily surprising in a C neighborhood but a major red flag. A lot of the decision making for this opportunity would have to depend on your business plan and management strategy.

@Kimberly P.  Welcome to BP!  I think this would be a good blog post for you to read 

https://www.biggerpockets.com/renewsblog/brrrr-buyrehabrentrefinancerepeatprimer/ 

@Martin Krimmel  Keep crunching numbers!  

A good rule of thumb for deal analysis 

• Analyze 100 deals
• To get 10, you analyze further
• To get to 3-4 to make a competitive offer
• Win a deal!

Analyzing a large amount of deals will give you incredible insight into the market and give you the ability to identify the winners from the losers.

I would consider opening up some additional channels to create additional deal flow beyond the MLS/internet.

@Matt Sullivan  

You need to have a really solid plan to 1. source deals 2. operate the property/execute the business plan. 3. source equity.  I have found that it is best to have a team approach to these 3 activities with one or more partners to ensure you execute at the highest level.

I think that focusing on commercial multifamily in the beginning is the fastest route to success over the long term.  Educate yourself and build relationships with those who are executing your business plan.  Success leaves clues.

Can you partner with someone with experience to help you navigate the learning curve?

@Edwin Nieves I focus on a specific geographic area and get to know the brokers and owners that are working in that geography.  An intimate knowledge of the market will help you identify deals.