All Forum Posts by: Tim Ryan

I've been thinking about selling a 4 unit (two duplexes) in TN for under that amount. Also I could help you with the out of state. I live in LA area and Only buy rentals out of state. I think you to learn more about this. Need to be very careful. I've done well but seem many LA people make big and costly mistakes. Message me if you want to meet.

Pretty much all the big banks will lend all across the US. But depending on the size of property you'll have to see what programs are available. A $10m deal is a "small deal" for them. That's why if you buy smaller you will often need the local portfolio lenders. But there are also small loan programs with Fannie Mae and Freddie Mac which most all banks will sell. I've done all the above from LA and only buy multifamily in the southern states. So yes, you can do this.

Have the permits been pulled to build and is it shovel ready? lol I had to write that after seeing you answer 3 times. Let's partner on it. I'll build. PM me.

We should meet so I can talk you out of investing in LA. Lol Too expensive, too little cash flow. Yes, it's close and that's cool. Lots more to say about this though. How often to you come out to Pasadena area?? If my back was hurting I'd bring my board and meet at the beach.

Do you have experience in flipping houses? This is an important question to answer yours.

I invest out of state and travel there at least quarterly. I would never buy in Los Angeles for rentals and expect positive cash flow. Appreciation, hell yes. But I buy for cash flow. Think about it. Oh, by the way, I'm getting appreciation also in my market. Not like LA but it does appreciate. Only multifamily also. No SFR.

Is this is NY where you live? I live in LA and invest in TN because there is no way to cash flow in LA.

Keith, I've been getting increasingly more interested in the Detroit market for multifamily. I live in Los Angeles but have been investing in TN and GA for past several years. Let's connect and discuss the possibilities where you are. Can you contact me please. Tim

I think Dalton is too small a market. Chattanooga is booming right now for both rental and home purchase. You need to go there. Don't think you can do this with internet and talking to people remotely. I have had many people (mostly realtors) try to sell me crap out there. Then when I went and made connections I learned the truth. Good luck. At least you know you have to go out of state. So Cal is a no go for cash flow.

Robert I live in Arcadia (next to Pasadena) and own 239 units out of state. The key is management as you have stated and you are obviously smart enough to bring that up as The Key. I am essentially the property Manager for my units and I hire employees to run the day to day onsite. It is a decent amount of work and takes expertise, which I have. So, it's not for everyone.