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All Forum Posts by: Ryan Plesz

Ryan Plesz has started 5 posts and replied 29 times.

Post: Newbie owner taking over a dinosaur

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

@Tonya Kadaj I agree with Nathan. MHP academy is the way to go, I bought tje course and it was great.

Post: 1st rental property showing a 35.75% CoC return.

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

@Robert Vigil ...that's a great deal...and no cash is an infinite return...more than 100%....nice.

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

I just listened to a recent Morris Invest Podcast. He was just bashing some landlords for suing the CDC ruling for extending the eviction moratorium. He said if the landlord has enough money to hire a lawyer why doesn't he/she just pay the expenses and let the tenant live there rent free......really not kidding! All his videos are about how you can get your next stimulus check. This guy is a socialist dirt bag who is all for.

Post: Offer to Purchase letter

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi Amy, seems like you are very popular. I was wondering if you could please send me the offer to purchase letter? Thanks!

Post: Business Card what to disclose if I hang my Sales Person license

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi everyone,

I am looking at getting some simple business cards printed like Ryan Please Real estate investor. Picture and contact info. I currently have a CT Real estate Salesperson License but I am not active, just hanging my license with a broker.

What do I have to disclose on my Investor cards? Do I have to include any info about my Real Estate Sales person License? I do not plan on affiliating my person RE Investments with my Real Estate Sales. I would even let my sales person license expire if it in any way causes a liability to the broker I am holding the license with.

Thanks in advance for any information!

Ryan J Plesz

Post: Determining the RIGHT market

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi Remington, I'll have to read through some of your posts and research Columbus a little in the next week and get out there before it gets too cold to check out the area. Are there any areas in particular in Columbus that you are seeing good deals (this way I can take a deeper dive into research) What are you seeing as the typical COC return?

I am looking for C+ to B+ areas or C that are showing large signs of improvement. Looking for Multi 2 to 10 unit. I would be interested in larger but as my 1st property in that area it may be best to stay smaller. Looking for all cash purchase, value add, purchase 85% or lower below ARV w/ 8% or greater COC...of course it depends on property type....low maintenance B+ will of course have lower COC return.

I appreciate any feedback.

Thanks!

Post: Determining the RIGHT market

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi Chirag, sure. just not sure how to send it to you through BP. I sent you an invite. Maybe there you can give me your email address and I can send it to you.

Post: Determining the RIGHT market

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi Daniel,

I'm also from CT, Lebanon CT. I was wondering what you ended up doing? I'm in a similar situation as yourself last year. The local market does not entice me and we have poor job growth and negative population growth with a failing local government bent on spending and raising taxes. I was wondering if you ended up buying local or went with one of the markets you listed below.  I have done a lot of research and I am down to Raleigh, Charlotte, Columbus, Jacksonville. I would consider other parts of FL also. I have pretty good spreadsheet on 120 cities that I have accumulate and would be happy to share.

I was looking at the PWC report for 2020, 1 Austin, 2 Raleigh, 4 Charlotte. the thing is all these are tier 1 markets and I'm sure there is a lot of competition and the big boys will be bidding me out all the time. I'd rather go in a tier 2 city and one this is not at the top of the list. Jax is 23.....seems ok. Columbus 27...and I just heard that Columbus has great cash flow. Would love to hear what you went with and what made you pick that area? 

Thanks!

Post: Investing in Turnkey International Coffee Farms

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Hi Mark S. I was interested in the cocao farm as well as the coffee Panama investment around the same time you were. How have they panned out for you so far? I'm guessing since it's a 3-4 year initial 1st return on investment and you just posted 3 months ago that you may not have returns yet correct? Were there any on going fees once you did the initial purchase? Sorry for all the question, just trying to get a feel for this and they just sent me an offer to check out the Panama Coffee farm. For me I think Belize is a safer place with a more stable government than Panama....but I have not done a whole lot of research. Is there a longevity of the farm's output....say 40 years on a tree...I'm guessing they can always replant to keep production up. Thanks for any info and hope you make some good stable cash flow. 

Post: Housing Alerts - Ken Wade

Ryan Plesz
Pro Member
Posted
  • Flipper
  • Lebanon, CT
  • Posts 29
  • Votes 8

Suzane, do you still use Housing Alerts, did you find any value in the FL market for it? 

Thanks