All Forum Posts by: Ryan Lauretta

@Ryan Mainwaring, much appreciate your offer to help. As far as goals, I am targeting passive income more so than appreciation, would like to see 8-10% COC. I am currently looking at a mix multi-value class B/C in South East U.S. I like the diversification there and the potential upside. The risk/return formula seems to work better for the mixed offerings (given a great management team of course). I don't like the liquidity of the assets (or lack their of), but that's the name of the came.

As far as SFR, I will follow recommendations here and look at Columbus, OH area and Indianapolis as well. I agree with the advice in this threat that great teams are really the key to managing things from abroad. Right now though, I don't see any other way of proceeding beyond endless internet research other than taking a flight to a targeted area, meet a few professionals, see some houses and move on from there. Maybe I am old school, I just can't see getting a great deal at my level of knowledge just clicking away.

Several recommendations on Columbus, Ohio - I actually did start to look in the vicinity and I do have - what I think - are clear investment guidelines. My focus first is on the Syndicates (can't do all at once while having a real time job) then in March I'll get on top of the SFR. Will be happy to receive recommendations on professional firms in the area

Thank you @Martin Vehlow and @Taylor L.  With regards to syndicates, are there ones which you can recommend?  Like tech start-ups (the world I know), anyone can put together a nice presentation, but credibility is the key to reducing risk.  The advantage with CrowdStreet is that they vet (or at least claim to) thus living you really mostly with DD on each deal.

On SFRs, I think this is where the real impact due to ability to leverage our own cash.  I've listened to many podcasts and done research to have the model figured out.   The issue is that unless I have not figured out how to get a good or at least decent deal from a distance.  I can find the areas and houses online, but too many details are left that would make little sense in closing from afar.  With roofstock which does hold your hand end to end - perfect fit for a foreign investor, the good deals disappear almost the minute they go up on the platform.   

If anyone has personal experience and has some recommendations I'd love to hear them
 

Hi everyone, overall goal is 8-10% COC and total 15-20% ROI 5-10 year period. Strategy right now is to place 50% of the cash on syndicates focusing on class B/C residential assets and another 50% of cash on single family homes with 70-75% leverage. I am not the "analysis/paralysis" type, the opposite - may tend to pull the trigger too quickly. Investigated several platforms:

Roofstock - Found that prices are inflated and many times quants are not dependable.  Highly volatile experience from many people - some discussions here made me think twice.

Crowdstreet - looks dependable enough, anyone has experience there?

Read blogs, listened to podcasts, books, but still seeking a good and dependable place to start, there's so much noise.   Where do you start?  Who do you trust?  

Would love to learn from others' experience good/bad on looong distance investing (+6 hrs time difference EST). 

I work a full time job but can place 20-25% time on real estate research, investment and management.  

Much appreciate the advice

Hi Everyone,

I am a newbie in every sense of the word.  Lots of experience in tech investing, 0 in real estate.  But, I'm going to change this.  I am looking to balance portfolio between VR, long term self - manage and syndicate.  To the point though - VR in Gatlinburg.

I am looking to put about $50K down, self manage (obviously with the thread recommendations) and - here's the kicker, I currently live abroad +6 hrs EST.    Very good in tech marketing - so maybe that can help.  Few questions:

1.  What realistic price range properties can I buy - after all closing costs?

2.  In the past people spoke on 2% gross returns.  Is that reasonable given the current prices?

3.  What is the actual time involvement on everything from R&M to visitors and is that even feasible given time difference and a steep learning curve?

4.  When properties are getting off market within days, and I obviously have a huge knowledge gap, is it reasonable to find something that will turn out to be a great investment, or am I spinning a roulette?  Who do you trust?

As I read the above my spider sense is tingling everywhere, but at the end it all comes down to math.  Would love you recommendations here.

Avery - great podcast, you are an inspiration to newbies.  

Thanks everyone,

-Ryan