All Forum Posts by: Ryan Crowley

@Josh Deeden I live in central IL, and I know people love to hate on IL and the midwest, but to give you an idea on the cost of living, you can buy a pretty nice house (2-3 bed and 1-2 bath) for under $150K and sometimes quite a bit cheaper than that even.  The rental market is pretty good, a lot of investors buy 4-8 plex buildings for well under $200K depending on neighborhood.  My understanding is that this is the case for IL, IA, IN, and Ohio (assuming you do not live in Chicago or one of the bigger cities, but almost all rural areas have a super low cost of living)

@Katrina B. I agree with the other comments...if it is what works for you, and you enjoy it, then keep doing it. building wealth takes time regardless of the strategy. With the competition being so high, you would have to do something unique to get those better deals you're after. Finding distressed properties that have NOT hit the MLS yet is your best bet OR finding some good deals with super financing (owner financing for example). Hope this helps! There's always a way to improve or get better deals.

HELOC's can be a super cool way to acquire property, but like the others have said, just be careful over leveraging. If you can use it to get a better deal, and then refi or sell to get your money back to pay off the loan PLUS profit, then it can be a great idea

@Charlie Kimberly congrats! This is exciting..... my personal vote would be to agree with AJ and combine into one LLC

@Yosef Lee congrats on this accomplishment!  this is amazing and very inspirational.  I particularly loved the section on "how you crushed your limiting beliefs." Keep it up!

This is AMAZING ADVICE!  Thank you all for your input

@Christina Woodson great post!! My best advice would be to sit down and brainstorm for 20 minutes on WHAT YOU WANT specifically and what your goals are. Depending on your rental experience, I would not take on too much at once...the benefit of real estate is that it offers infinite possibilities. So focus on what you want to do... me personally, I would take the $100K and buy a house or small multifamily in cash, remodel it with your cash, and then refinance it and repeat (BRRRR method). That is my opinion, then your money keeps moving for you and you can learn along the way.

Following. This company followed me on social media 

@Forrest Faulconer you're right on! 100% agree.  Thank you!

Hey new investors, I hope this post brings you value.  

I have been investing now for about 3 years.  When I was first starting out, I was scared out of my mind.  analysis paralysis was a real thing for me lol.  There were so many houses/apartments out there, an overwhelming amount of finance options, and just too many decisions.  I finally listened to the BP podcast advice and "just got started."  For the last 3 years I have found myself slowly getting over the fear of failure and realizing this game is FUN but also requires a lot of patience, knowledge, and persistence.  My finances have been growing as well as my desire to learn more and acquire more properties.  The more you play this game, the more fun it becomes.  So, the point of this post, I know it is overwhelming, but if you really want to get into real estate, just get started and move forward.  You've got this!

Send me a DM if I can help in any way.  Good luck guys!