All Forum Posts by: Ryan Irwin

Doing the same here @Duane Williams and to add on to @David Ojo's post (he nailed it), having multiple lending solutions is key.

Different hard money lenders, private investors, HELOC and I too am working on establishing a business LOC.

I also believe that part of the process is letting your partners (lenders, contractors, etc.) know and understand your goals.  This way they know you are scaling but also are aware of your expectations.  Of course, this requires professionalism on our part, but it also holds them to that standard.  

My lenders know I have other financing options, which I believe helps me get more favorable terms, but also, helps me to find the best deal.  One lender might me more excited about a specific deal then another, which then helps with best terms.

Always looking to overcome those bottlenecks is key.  

@Jenna Kelley agree with what @Mason Jacobs said above.  The other benefit of having a structural engineer look and advise on the property, is that you can then use that report as proof to a future buyer or tenant.  

 Want to repeat what @Mike Terry said for the people in the back.  The higher the risk (which usually means higher costs) the higher the reward should be.  Well said! 

 x1000%!  Little steps everyday moves the needle in a big way.  I think this applies in all aspects (fitness, relationships, career, etc.).  I'm a huge fan of habit tracking and I have found it's those boring, repetitive tasks done consistently is what are the game changers.  These build the momentum which then opens to opportunities.  Great post! 

Great post @Ashley Wilson!

Being a nutrition and fitness coach, your point below is the largest component that I have seen.  If people are prepared to do the work, they won't have success.  Developing and reinforcing habits I have found to always be a key driver and formula for success.

• Am I ready to put in the work? A coaching program is a partnership, and your success depends on your willingness to take action.

Agree with what @Sofia Komrskova and @Jake Baker said here.  

I would get together with your realtor, have them tour your property and then run comps to see what the value add would be, then simply pencil it out to determine the return.  An appraiser likely isn't going to spend time giving you much feedback in advance (unless you have a connection or they are super slow).  

 Tagging @Evan Ryan but appreciate the thought @Jaycee Greene! :)

Awesome!  I was wondering if a manufactured home would be an economical and profitable solution.  Besides the price point, there would certainly be a time savings aspect too (and we all know time is money).  

Keep us posted, thanks Griffin! 

I'll vouch for @Darson Grantham, I know him personally and attend his meetups, he's a great go-to in Central Iowa.  I've been investing in the area now for a few years (I'm a local as well) and lots of opportunities like Darson said.  I'll send you a DM, let's connect!   

Let us know what you find out.  One of my lots had only a garage on it, which the city wouldn't allow, needed to have an inhabitable structure in addition to it.  That might be the pushback from the city under the accessory uses section?