All Forum Posts by: Ryan Luthi

Welcome Steve!  Let me know if you want to grab coffee sometime!

Agreed with all these so start there but I would also say finding off market or pre-market listings is always a way to become relevant. So doing phone calls to lists of rental property owners to ask if they'd be interested in selling and/or mailers to absentee owners, etc. also, buy a duplex and live in one half, FHA loans allow for 3.5% down. Get your investing career started ASAP so you can have first hand experience.

Good luck!

Agreed with all these so start there but I would also say finding off market or pre-market listings is always a way to become relevant. So doing phone calls to lists of rental property owners to ask if they'd be interested in selling and/or mailers to absentee owners, etc. also, buy a duplex and live in one half, FHA loans allow for 3.5% down. Get your investing career started ASAP so you can have first hand experience.

Good luck!

@MarkBommarito 

Look in MN, we might be able to help you!  I have worked with 3 CA investors in the past.  Also, have you considered commercial financing to lower your down payment?  Or living in the property?  Direct message me to set up phone call if you would like to chat more.  

@Ryan Horan I think this is a great idea. Many people forget about the "velocity of money" side of things. IOW, if you can acquire and lock in more properties on fixed mortgages with decent or above average cash flows at around 5%, then you are making your money work harder for you. Buying with HELOC's as some or even all of the down payment can be a great way to speed up your future enjoyment of these types of investments. Also, your plan to pay off the HELOC quickly is definitely the route to go. Good thoughts!

Join Fulton Realty for an exclusive event with the man who is challenging the market and find out why he is currently not investing in Multi-Family, right now.

Meet Paul Moore

After graduating with an engineering degree and then an MBA from Ohio State, Paul started on the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They sold it to a publicly traded firm five years later. Along the way, Paul was Finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight. Paul later entered the real estate sector, where he completed over 85 real estate investments and exits, appeared on an HGTV Special Real Estate episode, rehabbed and managed rental properties, built a number of new homes, developed a waterfront subdivision, and started two successful online real estate marketing firms. Three successful developments, including assisting with development of a Hyatt hotel and a multifamily housing project, led him into the commercial real estate arena. Paul is married with four children. Paul is the author of two real estate investment books including The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016). This informative guide gives investors a clear path to minimize risks and maximize returns in the coveted asset class of commercial multifamily investing. He also hosts the How to Lose Money wealth-building Podcast. Experience: Paul has completed over 85 real estate investments and exits, appeared on an HGTV Special Real Estate episode, rehabbed and managed rental properties, built a number of new homes, developed a waterfront subdivision, and started two successful online real estate marketing firms. Three successful developments, including assisting with development of a Hyatt hotel and a multifamily housing project, led him into the multifamily arena. Paul is the author of two real estate investment books including The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016). This informative guide gives investors a clear path to minimize risks and maximize returns in the coveted asset class of commercial multifamily investing. Real Estate Goals: My partners at Wellings Capital and I are seeking to change the world through commercial real estate investing. Specifically, we launched a fund to invest in self-storage, mobile home parks, and multifamily projects. We will be utilizing a large share of our profits to combat human trafficking and to rescue its victims. Currently Seeking: Investors and operators who share our conservative mindset.

FAQs

What are my transportation/parking options for getting to and from the event?

There is street parking available on Lagoon and Fremont. There is also a parking ramp off of Lagoon, next to Oragamis Sushi, that you can park in (Mazaic Art Park Ramp).

How can I contact the organizer with any questions?

Email [email protected] for general questions that will be answered within 24 hours.

For the day of the event, follow our Facebook or Meetup Page for who to call the day of the event if you are having issues finding our location or entering the building.

www.facebook.com/fultonteam

https://www.meetup.com/Future-Millionaire-Real-Estate-Investor-Club/

Is it ok if the name on my ticket or registration doesn't match the person who attends?

Absolutely! Please invite your friends family, co-workers, etc. We are happy to have anyone who would like to attend! However, if you are bringing a guest, please register their name as well.

Hi Greg, well you can't practice until you hang it and I think its important to visit with at least a few options while you are taking your license and passing the test.  That way when you graduate you can hit the ground running and feel good about your choice.

Greg, congrats on taking the leap!  Continuing Ed Express is pretty good, I did my course 2/3 and review there online.  

Have you decided where to hang your license?  Lmk if I can be of further help, my brokerage is based in South Mpls.

-Ryan

Hey Luke,

Impressive thought process and numbers here.  I think you are very close to making something work well for you both.  I see two options, something similar to what you have proposed and another where you find a way to "buy him out" after the rehab through a refinance so that he gets paid back quickly and you can keep all future cash flow and own the property.  The 2nd option uses his finances as more of a short term hard money loan, while the 1st is a true partner which I tend to encourage most people to stay away from.  I have many thoughts and some questions, so I think if you are open I'd love to chat on the phone.  You can reach out to me directly via email or phone on BP.  I hope to hear from you soon!

Best,

Ryan

Hey John, 

Congrats on the beginning of your journey!  I agree with Jordan, you want to analyze them as is if you aren't going to live in them when you are still searching and making offers.  

Try to at least get some cash flow with that analysis. Also, when you are buying with low money down down such as FHA (3.5% min) or Conventional (5% min), use Cash On Cash Return as your measure of success more than cash flow alone since your cash flow gets hit by putting less down. Good luck and hit me up if you come to the cities.