All Forum Posts by: Ryan Enk

@Amy Zemser, I've met Brian Page personally and have interviewed him on my podcast.  I have also taken his course, implemented it, and recommended it to my friends.  It's good.  To some of the other people's points that you can learn this for free on your own.....you can.  But that's not the point.

The reason I would buy his course is the same reason I buy any course.  I buy a lot of them because I believe in paying for speed and proven success systems.  I've wasted too much time and lost too much money piecing together free youtube videos and trying to figure out which step to implement next.  The great thing about real estate, or stocks, or home building, or any other business out there really, is that you don't have to recreate the wheel.  To be successful, all you have to do is be a very good follower of the blueprints.  The BNB formula is a good blueprint.  Hope that helps!

• Get an HOUR by HOUR battle plan of execution.

• ​The TOP 2 Strategies to make not only $10,000 this month, but monthly passive income paychecks every month after.

• ​Watch me unlock the code to finding the best zip codes in your area for real estate investing for FREE.

• Discover how to tap into an unlimited amount of money to buy real estate without using banks.

• ​Uncover cash cow real estate deals that nobody else even knows about that are $10k to 150k under value, without paying a dime for marketing.

• ​See a simulation of what your conversations will look like in order to make $10,000 this month.

• ​How to get not one, but MULTIPLE paydays in every real estate transaction.
• You can get the book on Amazon for around $20, or you can get the ebook from the link below for only $7.
• Check out all the 5 start reviews! This book is legit!
• ($1 a day for a 7 day plan)
  
• Go to cashflowdadlife.com/7

• Get an HOUR by HOUR battle plan of execution.

• ​The TOP 2 Strategies to make not only $10,000 this month, but monthly passive income paychecks every month after.

• ​Watch me unlock the code to finding the best zip codes in your area for real estate investing for FREE.

• Discover how to tap into an unlimited amount of money to buy real estate without using banks.

• ​Uncover cash cow real estate deals that nobody else even knows about that are $10k to 150k under value, without paying a dime for marketing.

• ​See a simulation of what your conversations will look like in order to make $10,000 this month.

• ​How to get not one, but MULTIPLE paydays in every real estate transaction.
• You can get the book on Amazon for around $20, or you can get the ebook from the link below for only $7.
• Check out all the 5 start reviews! This book is legit!
• ($1 a day for a 7 day plan)
  
• Go to cashflowdadlife.com/7

• Get an HOUR by HOUR battle plan of execution.

• ​The TOP 2 Strategies to make not only $10,000 this month, but monthly passive income paychecks every month after.

• ​Watch me unlock the code to finding the best zip codes in your area for real estate investing for FREE.

• Discover how to tap into an unlimited amount of money to buy real estate without using banks.

• ​Uncover cash cow real estate deals that nobody else even knows about that are $10k to 150k under value, without paying a dime for marketing.

• ​See a simulation of what your conversations will look like in order to make $10,000 this month.

• ​How to get not one, but MULTIPLE paydays in every real estate transaction.
• You can get the book on Amazon for around $20, or you can get the ebook from the link below for only $7.
• Check out all the 5 start reviews! This book is legit!
• ($1 a day for a 7 day plan)
  
• Go to cashflowdadlife.com/7

• Get an HOUR by HOUR battle plan of execution.

• ​The TOP 2 Strategies to make not only $10,000 this month, but monthly passive income paychecks every month after.

• ​Watch me unlock the code to finding the best zip codes in your area for real estate investing for FREE.

• Discover how to tap into an unlimited amount of money to buy real estate without using banks.

• ​Uncover cash cow real estate deals that nobody else even knows about that are $10k to 150k under value, without paying a dime for marketing.

• ​See a simulation of what your conversations will look like in order to make $10,000 this month.

• ​How to get not one, but MULTIPLE paydays in every real estate transaction.
• You can get the book on Amazon for around $20, or you can get the ebook from the link below for only $7.
• Check out all the 5 start reviews! This book is legit!
• ($1 a day for a 7 day plan)
  
• Go to cashflowdadlife.com/7

• ​
• >Get an HOUR by HOUR battle plan of execution.

• ​>The TOP 2 Strategies to make not only $10,000 this month, but monthly passive income paychecks every month after.

• ​>Watch me unlock the code to finding the best zip codes in your area for real estate investing for FREE.

• >​Discover how to tap into an unlimited amount of money to buy real estate without using banks.

• ​>Uncover cash cow real estate deals that nobody else even knows about that are $10k to 150k under value, without paying a dime for marketing.

• ​>See a simulation of what your conversations will look like in order to make $10,000 this month.

• ​>How to get not one, but MULTIPLE paydays in every real estate transaction.
• You can get the book on Amazon for around $20, or you can get the ebook from the link below for only $7. 
• Check out all the 5 start reviews! This book is legit!
• ($1 a day for a 7 day plan)
  
• Go to cashflowdadlife.com/7
  

Hey guys, I'm looking for people who have a rags to riches real estate story.  Or a riches to rags to riches story.  OR, just a dang good real estate story.  Where ya at?

Hey @Dave Binder.  Here is why and how I structure my deals between single family or multifamily:

There are two reasons to partner in my opinion:

1) When you don't have something someone else has: money, credit, time, skills, resources.

2) When the partnership will help you hit your goal faster and easier.

In single family homes, if I take on a partner for a flip, then I typically structure it in a 50/50 LLC. 50 is the money, and the other 50 is the sweat equity.

If it is a single family hold, then instead of doing an equity split, I just offer them 6% to 12% interest only on their money until I sell the property.

Apartments are a little more complex, but still not hard to accomplish. I split apartments up between LP and GP. Limited Partners are the passive income cash investor, and the GP are the ones doing the work and putting the deal together. Typical equity percentages between LP and GP are 50 to 80% equity for the LP, and 50 to 20% for the GP, depending on the deal. I also typically offer investors a 4 to 10% preferred return on the cash flow before those splits take place.

Then on the GP side there may be one or more partner, and here is how I split the equity based on the tasks performed:

1) Finding, Sourcing, Underwriting, Contract, Due Diligence Tasks- 5% of GP

2) Risk Capital- Earnest Money Deposit and Due Diligence- 5% of GP

3) Money Raiser- 40%

4) Balance Sheet Guarantor- 10%

5) Asset management- 40%

Hope that helps! I would have to learn more about your exact situation and the investors goals before I could make a recommendation for your specific situation.

@Gary Guidi love to see your success!

@Ranjit Wasu, whenever you don't have something in real estate, you can always partner with someone who does.  My biggest recommendation for you is to focus us on multi family properties that qualify for "AGENCY LENDING".  These are BIG apartments that have a note over $1,000,000 and are typically occupied over 90% with a value ad opportunity.  The beauty in agency debt is that you have these incredibly favorable lending terms where you get the loan based on the DEAL not on your PERSONAL FINANCIALS.  They don't run your credit, or ask for w2s.  They give you the loan based on the trailing 12, the P and Ls and the Rent Roll of the apartment.  And to make it even better its NON RECOURSE, meaning you don't have to personally guarantee anything, and it makes it easier to acquire investors. AND...you can get loans as good as 4% interest only for 4 years amortized over 35 years!  It really is pretty neat, but you have to learn how to syndicate and put together a deal.  based on what you said above, I'd recommend this route.

Hey @Lorena Oliveira congrats on making the decision to start investing in real estate!  The awesome thing about multi family is that you can invest anywhere in the country if the deal is setup right.  So let me ask you this: Do you want to have a passive income investment where you just get a paycheck and you don't have to do any work like asset management, construction, rental management, maintenance, etc?  OR, do you want to be an active investor where you take on some or all of those responsibilities?

I think you know where I would be going with this.  To be a passive investor it's easier to do it from outside NJ and you probably would be able to get a hold of some assets with better cap rates.  But to be active....my rule is at LEAST 4 hours driving distance...and for your FIRST PROPERTY? 1 hour.  Let me know if you'd like me to help you walk through how it works both as a passive and active investor.