All Forum Posts by: Tim Ryan

I'm thinking about selling a 20 unit I have and I am selling a 7 unit commercial building. Both in TN.

Sounds good. Hope to meet some interesting investors and trade stories.

What?

Interesting post. I live in LA and invest in multifamily - but only out of state... Maybe I can give some advice. I'm not an agent, just an investor. Message me if you'd like.

Tim Chen if you are on the selling side of these low cap rate, high per unit apts in SGV then I think you are in the right place. Keep hitting it hard and bank some funds so you can pick up some foreclosures in the next downturn. When is that? Who knows. The other thing to be doing right now is flipping houses. Jamie Garcia connect with me and we can meet up and discuss. All you questions are too much for this post.

Good post Anthony Rullo Most of us start like this. BP is good for some great education and learning through the post questions and answers. Next step will be to get out there and do it - Taking Action as they say. I'm in LA (Pasadena) so maybe I could find some time to meet up with you for a coffee and discuss real estate. Let me know. Tim

Yeah, so flip quickly. Can't keep going up forever.

I was going to reply but instead I'll just say Ditto to Shawn Ackerman 's post. He's right on. That's what I have done 2500 miles away. I have found it's really the only way if you want to succeed out of state. Travel, often and make friends in your market.

Oh boy, what could go wrong? Not sure where to start. I don't have time to write it all out. My advice to you is to partner with a contractor or a seasoned flipper. Means you'll about half what you are thinking now - but you'll gain an MBA in experience... Think about it.

Hire an SEC Attorney. Yes expensive but you'll be covered and in compliance. 95/5 is a horrible deal for you. The amount of work you need to do for 5% - no way. If you have to give up that much it means you don't have a good enough deal. More like 60/40 is appropriate.