All Forum Posts by: Ryan Morris

@Hillary Fox if you'd like I can email you a spreadsheet that was designed for STR analysis

Interested in attending! Another meetup anytime soon?

@Katie Miller no problem. thanks for the reply : ) 

@Matthew Harding todays high interest rates + high Texas property taxes makes finding a cash flowing deal even harder in that state. I’ve been analyzing properties in Houston for the past few weeks and haven’t found many that made sense for a LTR. There is a big cluster of hospitals in south Houston - this area might be good for a mid term rental to traveling nurses. But I’d want to make sure it’s solid as a long term rental as a backup plan.

A $500k property = $1k a month property taxes- this is a big hurdle in my opinion.

Good luck sir!

I just purchased BP Pro, and have been using the rental analysis calculator.  Other than downloading each report, is there a way to save reports into categorized folders? (location, etc.) 

Thanks for any help! 

@Jonn Vidal nice, yes I’d like to hear your thoughts after you read it!

@Benjamin Aaker thanks! Will check it out

Hi BP fam! What are your recommendations, if any, on a good primer or all-around good commercial real estate book?

@Peter Lee

It is terrific that you are considering real estate investing at your age.

It’s great that you are not only seeking advice but also looking at counter-points. This person who is adamant about investing in Manhattan is likely well intentioned. However is viewpoints on RE investing, in my opinion, are narrow and misguided, not to mention unrealistic for a middle-class or new investor.

You are an aspiring dentist. If you are able to graduate with little to no debt and begin your practice, you will be further along then 90% of the population in terms of financial earning potential.

If I were you, I would:

1. Continue to study real estate investing, alongside your college education.

2. Take SOME kind of action ASAP. (This could be before or after graduation. If financial and time constraints would diminish your ability to graduate with high grades, wait) By Action, I simply mean her your feet wet in real life real estate investing in some capacity. Just be smart about it. I am nearly 40 and I screwed around for twenty years before taking action Don’t be me! Strive to be an eternal learner, but not an eternal procrastinator

3. Consider this: if you were to live well beneath your means during the first ten years of your dental career, and make smart RE investments along the way, you will be most likely SET FOR LIFE!

Best of luck !

@Bryan Danger

Great post!

It is ironic, but a lot of the people I have encountered in my life that have the drive to succeed are incapable of shutting it off. Multi-millionaires / Billionaires are an extreme example of this. I don’t believe most are greedy, just innately driven. I know firsthand plenty of people who had the means to retire, tried it, and came back to work.

I’ve laid out my exit strategy to my wife and she basically laughed it off, telling me “you’ll never stop working” Now I’m out to prove her wrong!

I think (and I’m no expert) the key may be to channel the energy and passion into something other than accumulating wealth. Health, fitness, family, experiences, etc. But this is easier said than done!

My personal goal: $1mil per year in RE cashflow within 10 years, by working a max of 30 hours per week to achieve it. By or before the ten year mark I’d like to have a top notch management team in place so that it is as close as possible to “passive income”