All Forum Posts by: Ryan Veil

I’m at the top of the list for midsouth after a year+ on the waitong list. They have such a great reputation and the numbers always appear to be great. Is there any sort of extra verting or due dilligence still needed when they send a new property to consider or does it just come down to the numbers and their reputation?

The only comment I’ve seen related to this was to avoid zip 38127 but that was a few years ago and they gave no reasoning.

Looking to learn more on appartment investing. Any book recommendations? Preferably audio book available as I do all my “reading” in the car!

@Brittany Kuschel Thanks! I have family there and visit couple times a year so i could potentially meet in person as well. At least to start the conversation. Thanks for referral.

@Bill Hampton. Good points Bill. Thanks! I received your message as well. I’ll likely be scheduling a consult soon.

@Lance Lvovsky thanks Lance. I have recently received some local referrals but wanted to see what the BP community had in the way of referrals as well. I hadn’t really thought of working with someone remotely but I’m learning thats more common than I realized

Purchased my first rental in April. Will have another in December and planning to scale to 6-8 doors in 2021. I would like to connect with a good CPA before I get too far along to help make sure I’m engaging in solid strategy and help with my returns at the end of the year. I’ve been searching for a CPA experienced in real estate based in Minnesota and haven’t had much luck. Any suggestions?

Closing on my first deal in April. I have a great broker that is still sending me properties and I found 2-3 more great properties that meet my cashflow requirements. My primary residence is paid off so we have lots of flexibility there in terms of getting a HELOC to finance new deals BUT my processor is telling me I can't start that process till after closing on the first unit. I've tried the Brandon method of asking "why" and "how" but I don't feel like I'm getting the answers I need.

How can I best try to go after these additional deals while still waiting to close on my 1st one? We're trying to get 2-3 properties in 2020.

New investor. My primary goal is to generate monthly cashflow. I have about $40k available now and will continue to have $40k additional each year available. My wife & I prefer to invest locally and our market is expensive. Am I correct in saying that seeking BRRRR deals is my best option with the end goal of creating the most cashflow possible? Admittedly, going through significant rehabs isnt super appealing to me but I can't seem to find a way to make more than $100-$200 a month per property while sinking $40k in equity as a downpayment. The BRRRR may still leave some money in the property but pulls most our allowing additional investments to rake place.

Would love to hear affirmation that I’m thinking about this correctly or other strategies I’m missing. I’ve been hitting the books and podcasts hard and am eager to jump in. I appreciate any feedback.

In my market, properties are expensive in comparisson to local rents. I'm a first time investor and there are some condo units in some upscale neighborhoods that capture higher rents but the HOA fees seem high. What's recommended for repairs and capex on a condo thats in really good condition and the HOA handles most of the utilities? I want to make sure I'm setting enough aside but I'm thinking those amounts are significantly less so maybe its more cash-flow friendly than my initial analysis shows?