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All Forum Posts by: Ryan Smith

Ryan Smith has started 2 posts and replied 7 times.

Post: Bought a nightmare property- could use some help

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2

Update: I have just ended up selling my house to a Sell My House Fast Company. There was thousands of dollars being dished out and I just rather put the money in other investments.

Post: Advice on Effectively Scaling and Attracting Investors

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2
Quote from @Chris Seveney:
Quote from @Ryan Smith:

Hi everyone,

With what's happening in the stock and securities market, now is the best time for many passive investors. I'm seeking advice on scaling my real estate portfolio and attracting potential investors. Here's a bit of background:

  • I have over ten years of experience in real estate.
  • I've bought and sold hundreds of properties in the past two years.
  • I have six performing rental properties and aim to expand this to 50 by the end of the year.
  • I want to expand to doing ten monthly flips with a few developments.
  • Also, we have a team of fifteen employees now, with processes and systems to scale.

Given my track record and ambitious goals, I'm exploring ways to attract investors for fix-and-flip projects and rental property investments. I'm curious to hear your insights on the following:

Attracting Investors: How can I attract investors better? Have there been subtle approaches that worked for you?

Marketing Techniques: What marketing techniques or platforms have you used to showcase your track record and attract investment interest?

Networking Tips: How can I leverage industry events, meetups, and online communities to build relationships with potential investors?

I appreciate any advice or experiences you can share that might help me navigate this growth phase successfully.

I appreciate any help you can provide.


 While the stock market is on the roller coaster, getting people to invest in real estate right now is just as challenging or even harder for passive investors to invest in real estate. Why? Because many have been burned over the past few years investing with sponsors who had little to no experience and investors were caught by the glamourous and sexy returns that were being promised that they were getting four years ago but are now gone from big returns to big losses.

So the first question you are gonna have to answer is how do you plan on protecting investors money? What strategies will you implement, who is your team around you to assist with this?

The next piece is marketing which is also challenging, and its best to make sure you have someone who can market and sell. For example, I am not really cut out for marketing and sales so I partnered with someone who is 10x better than me at it. 

Going to events and telling people what you are doing is the best way to start IMHO.


 Thank you. These are really good points. I have noticed with all of the guru's out there, it's gotten more difficult. I think partnering with someone with a better track record would help. A company that I have now is based on marketing, so maybe I can help add value to a partner looking for something like that.

Post: Advice on Effectively Scaling and Attracting Investors

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2

Hi everyone,

With what's happening in the stock and securities market, now is the best time for many passive investors. I'm seeking advice on scaling my real estate portfolio and attracting potential investors. Here's a bit of background:

  • I have over ten years of experience in real estate.
  • I've bought and sold hundreds of properties in the past two years.
  • I have six performing rental properties and aim to expand this to 50 by the end of the year.
  • I want to expand to doing ten monthly flips with a few developments.
  • Also, we have a team of fifteen employees now, with processes and systems to scale.

Given my track record and ambitious goals, I'm exploring ways to attract investors for fix-and-flip projects and rental property investments. I'm curious to hear your insights on the following:

Attracting Investors: How can I attract investors better? Have there been subtle approaches that worked for you?

Marketing Techniques: What marketing techniques or platforms have you used to showcase your track record and attract investment interest?

Networking Tips: How can I leverage industry events, meetups, and online communities to build relationships with potential investors?

I appreciate any advice or experiences you can share that might help me navigate this growth phase successfully.

I appreciate any help you can provide.

Post: Bought a nightmare property- could use some help

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2
Quote from @Account Closed:
Quote from @Ryan Smith:

Nightmare story,
I've bought many homes before but this was by far the worst ever. 
I just bought a seller financed property in Dunn from a person that I previously trusted. I definitely should have done my due diligence before. Upon having to evict the tenant, I noticed that the plumbing was backed up and still cast iron. I thought to myself, no big deal it's only a few thousand more to get my plumber in there to replace it, but once my once my contractor got in to fix the floors (which were buckling) he saw a cyclone of termites. And an infestation of German roaches that made the pest guy jump (he said).

After everything was said and done, we incurred 4 times the cost as I was told/ estimated. I definitely should have followed my first rule, get a $50 inspection.



Has anyone ever encountered this? What's the worst thing you've seen?

Should I sell it to a cash offer company?

That can be sorted out in an hour’s time. I'm not sure what the hesitation is. If it was knob and tube, or aluminum or 60 amp service, a bit of a different comment. But, romex that hasn’t been properly secured to a beam, is kid’s stuff.



 This picture is termites. But the electrical will be properly secured as well with a moisture barrier. Basically a lot about this house was misrepresented.

Post: Bought a nightmare property- could use some help

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2
Quote from @Alan F.:
Quote from @Ryan Smith:

Nightmare story,
I've bought many homes before but this was by far the worst ever. 
I just bought a seller financed property in Dunn from a person that I previously trusted. I definitely should have done my due diligence before. Upon having to evict the tenant, I noticed that the plumbing was backed up and still cast iron. I thought to myself, no big deal it's only a few thousand more to get my plumber in there to replace it, but once my once my contractor got in to fix the floors (which were buckling) he saw a cyclone of termites. And an infestation of German roaches that made the pest guy jump (he said).

After everything was said and done, we incurred 4 times the cost as I was told/ estimated. I definitely should have followed my first rule, get a $50 inspection.



Has anyone ever encountered this? What's the worst thing you've seen?

Should I sell it to a cash offer company?


 "Trust but verify" should be applied to every facet of investing and business. As you mentioned always do your own due diligence. Part of DD is to verify that termite inspections have been done. Sometimes the termite cards are on water heater or attic/crawl space access. Ask seller if inspections were done. Typically the "bug killers" would've mentioned German Beatles (VW's lol) to the homeowners.

A couple things you may want to look into are too many type NM (slang is Romex) cables in 1 penetration and not supported. Have your Contractor verify that pier n post is all code legal (looks like cinder block, no seismic straps, PT, in back looks like a 2x4?) 

I'm using phone so hard to inspect via 1 picture.

Hopefully it all works out for you.


I am going to use this motto. I did lose trust in this guy and bought 4 homes from him before. Because of this, now I will not buy anymore homes from him.

Post: Bought a nightmare property- could use some help

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2
Quote from @Livia Adams:
Quote from @Ryan Smith:

Nightmare story,
I've bought many homes before but this was by far the worst ever. 
I just bought a seller financed property in Dunn from a person that I previously trusted. I definitely should have done my due diligence before. Upon having to evict the tenant, I noticed that the plumbing was backed up and still cast iron. I thought to myself, no big deal it's only a few thousand more to get my plumber in there to replace it, but once my once my contractor got in to fix the floors (which were buckling) he saw a cyclone of termites. And an infestation of German roaches that made the pest guy jump (he said).

After everything was said and done, we incurred 4 times the cost as I was told/ estimated. I definitely should have followed my first rule, get a $50 inspection.



Has anyone ever encountered this? What's the worst thing you've seen?

Should I sell it to a cash offer company?


 We had some bad stories but this sounds horrendous. 

You mentioned you bought the property seller finance, maybe there is a way out due to misrepresentation? 

Could you get out of it at 0 selling it cash in this condition?

Maybe you can renegotiate with the seller.


 Only way to back out is to lose $20k and change. I think we can still profit but not as much now.

Post: Bought a nightmare property- could use some help

Ryan SmithPosted
  • Rental Property Investor
  • Cary, NC
  • Posts 7
  • Votes 2

Nightmare story,
I've bought many homes before but this was by far the worst ever. 
I just bought a seller financed property in Dunn from a person that I previously trusted. I definitely should have done my due diligence before. Upon having to evict the tenant, I noticed that the plumbing was backed up and still cast iron. I thought to myself, no big deal it's only a few thousand more to get my plumber in there to replace it, but once my once my contractor got in to fix the floors (which were buckling) he saw a cyclone of termites. And an infestation of German roaches that made the pest guy jump (he said).

After everything was said and done, we incurred 4 times the cost as I was told/ estimated. I definitely should have followed my first rule, get a $50 inspection.



Has anyone ever encountered this? What's the worst thing you've seen?

Should I sell it to a cash offer company?