Published: July 16, 2020, 10 a.m.
Ryan's Background:
- Ryan was the #1 salesperson leading Oil and Gas Derivative Sales Teams while working at Wall Street banks for 13 years.\xa0
- He transitioned to multifamily last Spring and has co-sponsored $34 MM in Assets and is a passive investor in over 2,700 units across Texas, OH, Florida, Phoenix and Georgia.
- He launched Life Changing Capital last year and is a data driven multifamily syndicator that takes an institutional approach to a non-institutional segment of the asset class.
In this episode we cover:
- 00:04:50 Filtering out the noise
- 00:08:51 Disqualifying deals quickly
- 00:13:01 Using all in cost to determine a fair price
- 00:15:45 1% rule
- 00:16:28 How long Ryan spends on an initial screening
- 00:18:23 Handling feedback with a broker on a not so savory deal
- 00:20:16 When to involve the external team members
- 00:22:54 Being candid while asking for info on a competing property
- 00:25:01 Staying conservative and the risk of pushing rents
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.