All Forum Posts by: Tim Ryan

Robert, you need to parlay this into a 200 + unit and lots of cashflow. You'll need the right partner to make this happen. We are purchasing a NNN leased Medical Building out of state. I need to show you the numbers. If you can get something similar, you will be set for long retirement! Let's do lunch.

Always buy No. always lock it up Yes! Learn about wholesaling. The thing I know about wholesaling is this. New investors think this is the first place to start because it's the easiest. I think it's the hardest. It is a full time business to make any money at. But it's so important for real estate investors to understand the concepts of wholesaling. I have wholesaled many properties - like your post suggests where I found a great deal but didn't want for myself - but I do not consider myself a wholesaler. Worst case when you find a good deal, find a real wholesaler and split the profits with them and learn how they do it. There are plenty of real wholesalers on BP (and plenty of wanna by - so be discerning).

I have spent a lot of money of programs since 2009. They can be very beneficial. Not always a waste of money. However I have seen many (probably majority) of people lose on it. So it really comes down to you! Will you really pay attention, give it the time needed and then (and most importantly) TAKE ACTION?? You will need to do that part. Than or Robert K or (even Donald T haha) are going to do it for you! So, I know some people that I have talked out of spending the money, others I have said to go for it. Therefore I will neither bash or promote FB program but instead want to ask where are you in the process... and are you willing, capable and entrepreneurial enough to go for it...

Dang. Scary. I don't know an attorney in Florida. But did want to say that asset protection is good for many reasons however I think if in the case of fraud and felonies, they may get pierced. Would be good to hear if anyone can verify this. Just saying, I think protections only go so far, for the rest you need to keep your nose clean.

David Lindahl - RE Mentor. I can't say enough how much they have done for me. Not everyone succeeds and that's not the programs fault. But those that Listen, learn and take action do well (this is what I have seen). Check on with them first. Find out what you get and how much. Then if you have questions let me know. BTW, I did their coaching in 2009 and now own 239 units and very decent cash flows. It's real

This is a No-Brainer. Decent down payments, fixed rates (at still the lowest rates in history) and no interest only programs - let the tenants pay your mortgage! How could this not be good. It's not that kind of debt (read Kiyosaki) Gotta go, I have a mortgage loan package to work on...

You need an architect who knows the city. I'm a contractor, I build new and I don't know these answers. We can't know it all and each property has its own situations. I leave this to my architects to go to the city with the address and the idea and they find out.

I was told Spanish Style is hottest for sales. But depending on the area Modern may be best.

I think you mean building a "back house" with permits then subdividing later, right? If so, maybe. It takes 6 months to get plans and permits though.

I don't buy multifamily in So Cal. Only out of state. Yep, I need to get on an airplane 4 times a year... not a big deal, but does take a lot of work - to do it right. But, in LA I say Flip and Develop if you can find the deals! It's crazy good for sales! It's super competitive but I keep finding deals.