All Forum Posts by: Ryan Luthi

I am an experienced investor and unexpectely find myself managing a duplex myself and wondering if there is a small landlord (aka inexpensive) simple solution for marketing, background checks and lease creation that markets on zillow?  I have used avail.co in the past with great success but it appears this software and others no longer market on zillow which I know to provide a lot of leads in the past.  If anyone has used a software they like that still posts on Zillow in the past 6 months please share!  Thank you

Brad Schaeppi is a RE Attorney who is excellent, particularly with landlord stuff.  Did you agree to arbitration on your listing contract?  I will reach out privately to see if I can help.  

@Alex Breshears thanks for the info!  Great advice and input!  

To clarify I have 2 properties with 50% or more equity and both will have positive cash flow even after a 2nd, so all good there.  They are cash cows that have equity, hence the idea to try and leverage some of that equity but keep the low rates on LT financed debt.  

please reach out if you are anyone you know would like to connect with me directly and speak further.

12-24 months works, but 36 months would be amazing.  I have a plan to do some flips/wholesale deals that should make repayment a non-issue.  

Thanks everyone!

I have multiple properties with equity and cashflow I am looking to put a 2nd private mortgage on and I would pay 10% Interest only payments per month.  Does anyone know anyone who might be interested in having a conversation around this type of thing?

Thanks for your help!

Details

Right now the news and other sources are pretty negative on the overall market, and that shouldn't come as a huge surprise since their goal is to have more people tuning in. The question is, should we be afraid? Is the sky really falling like some seem to claim?

This event will start with a market update with local and national stats from top economists and an honest breakdown of the pros and cons of the current state of the market with industry experts Tim Swierczek and Ryan Luthi. Combined Tim and Ryan own and manage over 100+ doors of multi-family investment properties as well as working full time as a loan officer and real estate broker respectively. They will be wrapping up the meeting with an unfiltered QnA session to answer your hard questions so you can feel informed to make your own decisions. No sales pitches, just open conversation and networking with like minded folks.

FREE PARKING in ground lot on north side of building.

Hope to see you there!

(Light snacks and beverages provided)

Hosted by Ryan Luthi

[email protected] - 612-406-6020

At this event we are going to host a local investor couple Leah and Michael who are living in their house hack/BRRR St Paul Duplex right now!

Join us ON-SITE at their renovated duplex to see and hear all the ins and outs of purchasing your first multi-family investment property, house hacking, and making big renovations (while living in it!).

If you've thought about getting started with multi-family investment with a house hack or BRRRR but didn't know how or where to start, this is the perfect opportunity to see a real life example up close and in person. Bring your skeptical partner along to get a feel for what living in a duplex and renting out the other side is all about.

Leah and her husband Michael will lead you through their first investment property and discuss numbers, strategies, renovations, and their plans for the future. This will be a great chance to network with like-minded investors and see what house hacking really looks like.

We look forward to seeing you soon!

Mask required.

Sometimes we want to invest hyper-locally but the price-to-income ratio doesn't make sense around where we live. Often investors then immediately turn to out-of-state investing but often times there are opportunities much closer to home that are likely not only easier to keep an eye on but more familiar than an entirely different state. Also, we may have contractors and other resources which could help us

Casual event where you'll learn from an experienced investor. Each individual will have the chance to network with like-minded inspiring investors. No experience is needed. Hope to see you there!

TOPICS:

How to identify an emerging market?

How to analyze top-level cash flow and appreciation projections?

Local trends, job markets, noteworthy news

Hey Justin, have you considered a partner?  Sometimes that can be a good way to move forward if you are tight on down payment funds..  Just a thought.  Good luck and let me know if we can help in any other way!

@Halle Hughes congrats on kicking off your journey into real estate, it sounds like you are taking all the right steps to dig in and get your hands dirty!  I like all the tips above for sure but would add that other than sticking some foam or something in between I'd start with the plastic wrap for any windows you can't replace as well.  For investors I work with in these situations I usually tell them to wait for a window sale and then buy 2-5 per year and install them in groups to eventually have updated windows but spread the cost out.  Unfortunately, new windows don't add much resale value so its a bit of a loss but obviously very helpful for our comfort and enjoyment!  

@Joe Schoess Congrats on starting the journey! Both these points above are spot on from Dan and Noah. In my experience its important to look at all options before deciding on your strategy. I like to start with the end in mind, so for example, where do you want to be investing and life wise in 5-10 years? Then work backward. Sometimes BRRR is best, sometimes FHA (occupied multifamily), then 5% Conventional (occupied MF), then 25% down or commercial rehab, etc. There are 100 paths to take, its important to know why you are taking a certain path to make sure its the best. Good luck!