All Forum Posts by: Ryan Luby

Our next Monthly Meet-up is posted!

Each month we get together to network for a little, then welcome our guest(s) to come share their experience, answer some questions I have, and then open up for Q&A with the group.

Hope everyone can make it!

@Bill R. Yes sir, I Haven't been great about posting here anymore since I wasn't getting a great response. I ended up just posting to local Facebook groups, and building my own email list. I will try to post here though as well. Please DM me your email if you would like to be added to our list to get those updates.

Thanks for reaching out!

Our next Monthly Meet-up is posted!

Each month we connect for a short networking period, welcome a guest to come share their experience starting around 7pm, answer some questions I have through a 1 on 1 Q&A, and then open up for Q&A with the group.

Hope everyone can make it!

I would first spend a lot of time understanding the aversion to house-hacking because it's not just a convenient way to get started, it's a massive advantage to finding deals, funding deals, locking in terms on financing that are better than what most strict investors can get which allows you to get started for cheap, quickly, locking in really solid deals if you run your numbers right. Second, I would recommend they leverage partnerships if they won't house-hack, and won't earn enough income to run a deal 100% on their own. This is still tougher because you probably have no useful experience to leverage but you can leverage your time. Keep networking, going to meet-ups, find ways to get small real estate/ investing experience, analyzing deals, making atomic habits that move you closer to your goal. All the while seeking the right partnership/investment opportunity. House-hacking is by far and away the best strategy to get started in my opinion but you can of course be successful without it.

Yes sir!

thanks @Jeff Lamothe

reach out anytime & DM me if you want to get notified for future meet ups

Best,

Ryan 

@Amar Sinha @Max Skoryk Join our Monthly New Haven county Meet-up, hosted in New Haven and introduce yourself to other investors. Great way to get some information and accountability. PM for more info

Sorry for the late post here, hopefully most people seeing this already was notified via our mailing list.

If not direct message me 

This month's focus is on determining the Most Important Next Step

Excited to see everyone, and eager to hear about the next steps you all are working on for your investing goals.

Best,

Ryan

@Matthew Evora I don't know Meriden well, unfortunately. 

Maybe a cop out answer but I'm aggressively supportive of house-hacking in general, so if you're trying to get started and for whatever reason Meriden works for you to house-hack then do your due diligence and get inspections, but otherwise jump in.

Feel free to message me with more specific questions & I would be happy to review what you're looking into.

@Ilgaz Arikan to start I have zero experience with short term stuff so I can't speak on it other than knowing its extremely market dependent due to municipality guidelines for short term rentals. You would have to talk to someone who's extremely familiar with this approach and find towns with favorable laws before starting.

Other than that, I live and invest in New Haven county and host a monthly meet-up in New Haven for investors.

I would be happy to talk & help anyway I can, I'm a licensed contractor & realtor, currently helping a couple other investors find properties in New Haven for traditional buy & hold investing

Best,

Ryan

Like @Michael Noto stated, you have to get a bit more specific. I would also recommend picking your preferred investment strategy first, then find a market where the data supports that approach. I'm sure Michael can offer more insight into all CT markets. 

If you try to pick a market first, then you have to do research to figure out what investment approach and asset class work in that market, which can be more difficult than the first approach.

As a rule I would avoid Waterbury, not saying investors aren't doing well there but it's better to stay out of that market. If you have any interest in New Haven county reach out anytime I would be happy to talk. I'm a licensed contractor & realtor, I live & invest in New Haven county.