All Forum Posts by: Ryan Dyess

Does anyone have any experience with the deal maker mastermind? $99/mo to join seems reasonable comparing it to other mastermind fees. Interested in hearing from any first hand experience what it is like and how it has benefitted you. 

If a seller is offering seller financing but wanting a larger down payment like 40%+/- of the PP, are there loan options out there to cover that down payment? Thanks for your advice. Seller financing is appealing but I have been coming across the majority wanting a larger down payments so I am not sure how to fund that or do you treat it like a syndication and raise for that? If so what would be the benefit of going with the seller finance option as opposed to an agency loan all other factors equal? I have heard agency debt has gone to a 50-60%+/- LTV so I can see where they would be wanting 40% but at that point I don't know what the advantage would be of seller finance vs agency debt.

After attending the MM5 conference the ways people said they are finding off market multi families are by:

- Getting listsource or propstream and pulling properties to direct mail. It appears it is more so on the capital intensive side as far as paying for the lists and then paying for the post cards to be mailed out. And it sounds like there is a pretty slim call back rate

- Cold calling all brokers in the area you are interested in and introducing yourself and letting them know your buy criteria hoping they come to you with pocket listings. This doesn't sound super beneficial if you aren't already a big name in the game because they will be going to their well known buyers first...that would be my guess anyway.

- Connecting with wholesalers who are finding deals

- Connecting with other investors who already have a stream of off market properties coming in and forming a partnership to take down deals. Seems like the best way but I have been struggling here finding people who want to send deals and partner with someone who is just beginning. Any tips for overcoming this? 

Are there other methods you guys have found for sourcing off market properties or does this list about cover it? What is your preferred method from this ways listed above? Thanks for your conversations!

I am wondering what everyone's experience is with window units in apartment buildings? This 24 unit has window units built into the siding, not secured in the window so they have it as a more permanent solution. What is your experience with longevity, problems, ability to cool effectively (Midwest), etc etc?

Thank you guys for all the replies. Great information.

If someone is selling a portfolio of a 4plex and 5 plex how does a mortgage company look at that? I know a quad isn't classified as commercial so it wouldn't by itself qualify for a commercial loan. Does that change when there are 9 units total or does the mortgage company look at it as two separate deals since it is two separate buildings?

From those that own mobile home parks have you found it difficult to fill sites if you just rent the site? One park I am looking at has about half park owned homes and half empty sites for people to bring their own trailers. If the park owned homes need work or are trash what would stop someone from getting rid of them and just renting the site? Thanks for any wisdom you can pass along. 

I see that military people have a niche group of networking and partnering in real estate. I would love to connect with other firefighters and discuss real estate and of course throwing in some firehouse banter. I am looking to network with other like minded individuals in hopes of creating a partnership and benefitting each other. Let's connect! Of course I am open to networking with everyone and anyone that wants to talk and see if we can benefit each other. I will be going to Jake and Gino's MM5 in November, let me know if you are as well.

Great point on making sure as long as there are employers in the area then it could still be worth looking at.