All Forum Posts by: Ryan Anderson

Starting last summer I knew that I wanted to do real estate for the rest of my life so within a few months, I gathered every penny I could find and bought my first home which I am currently house hacking; I was instantly addicted.

Currently I am reading about real estate constantly, listening to BP podcasts and saving what I can for my next purchase but I am not raising capital fast enough.  I thought of getting a different job to increase my income, but the job I currently have gives me an incredible amount of free time and is ideal for someone like me who wants to get into rentals/property management.

So I started talking to as many people as I could and I found a partner who has a massive amount of capital but no time (he runs a company as well as manages 15+ properties).  I have a huge amount of free time and hardly any capital.

My questions are:

How can I structure a partnership that protects both of us for rentals?  (It seems much easier with flipping since once the house is sold everyone gets paid. Versus a rental income becoming passive income.)

Should I seek out a real estate lawyer to help me with structuring the partnership?

What books/blogs/articles can I read to have a better understanding of how to create a solid partnership that will last?

I thank you all for your help and I am excited to see where this will go!

I am in the same place in my investing career as well. 

@Jon Lee Thanks! I will take this advice as well.

@Colton Cook 

Thanks for the information.  I've already started putting microsoft OneNote on a few of my devices and can already tell this will be a huge help.  Is this the same program you use for your finances?

Thanks,

As the title states, I need some advice or to be directed to a post/thread/book about staying organized from the beginning of my investing career.  I have a habit of keeping track of everything in my head and I know that as my portfolio increases this will not be a viable option.  I am proud to announce that i just bought my first property with the idea of house hacking it and I want to start off on the right foot.

I appreciate the help!

Ryan Anderson

To my fellow investors,

After years of understanding that working a 9-5 only made someone else money, I knew I wanted to find something better.  For as long as I can remember I love to solve problems and I like to reap all of the benefits of my labor, not just a fraction of it.  After searching for quite sometime I knew that my love of architecture, my ability to think outside the box combined with relentless ambition was perfect for real estate investing; which lead me here, to Bigger Pockets.  

Although in my infancy, I listen to several podcasts a day and I'm working my way through Brandon Turner's book on Rental Property Investing and I look forward to reading many more.  I also want to be as involved in the community as much as possible to broaden my knowledge so that one day I can help new investors one day, that will be seeking out guidance just as I am now.  I know that this process will require many long nights and times of uncertainty but I know that if others have done it before me I can also achieve my goals. 

I am interested in house hacking, flipping and general investing but first things first, I need to buy my first home.  My goal is to have at least 3 properties within a year and to learn as much as I can both from experience as well as from books and online sources.  I believe that combining knowledge, experience, mentorship and persistence will lead to success for anyone who wants it bad enough.

We are so blessed to have a community like Bigger Pockets, where we can come together to share our stories and wisdom; I look forward to working with and learning from as many of you as possible and I wish you all success. 

Best of luck and Semper Fi,

Ryan Anderson.