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  • Simple Actions, Solid Teams, and Loving What You Do With Ryan Dumas [Ep172]
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September 26, 2023

Simple Actions, Solid Teams, and Loving What You Do With Ryan Dumas [Ep172]

In today's episode, we have a special guest joining us: Ryan Dumas. Get ready to dive into a wealth of knowledge and insights as Ryan shares his experiences and expertise in the world of real estate investing. From the importance of building a solid team and loving what you do, to finding the right groups and rooms to connect with, Ryan provides invaluable advice on how to succeed in this industry. He delves into the intricacies of different investment opportunities, discusses the impact of COVID-19 on commercial financing, and emphasizes the need for balance between work and personal life. Ryan's story is not only about real estate but also about being a better father, fostering personal growth, and giving back to the community.

Episode Timestamps

  • 00:05:24 Investing in other states requires local operators.
  • 00:07:09 Agency deals have high prepayment penalties. We consider other options like local banks.
  • 00:10:51 Believing in God, family, and personal growth.
  • 00:17:19 Importance of prioritizing family, giving, and goals.
  • 00:21:37 Networking groups and consistent effort lead to success
  • 00:26:58 Simple things aren't easy. Work hard, connect, specialize.
  • 00:31:43 Concerns about lack of knowledge on partners.
  • 00:34:56 Real estate deals, conservative approach, time management.
  • 00:38:13 Taking chances and action leads to success.
  • 00:42:17 Know your buy criteria and rely on others' expertise.
  • 00:46:34 Core mastermind, invite-only, paid membership, Clearwater meetup

Episode Table of Contents

  • Taking Action, Building a Strong Team, and Loving What You Do
  • Loving What You Do and Helping Others
  • Prioritizing Personal Time, Family, and Loving What You Do
  • Raising Capital and Working with Partners
  • Loving What You Do, Learning, and Growing Through Masterminds

Taking Action, Building a Strong Team, and Loving What You Do

Taking Action, Building a Strong Team, and Loving What You Do
Photographer: Benjamin Zanatta | Source: Unsplash
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Taking Action and Loving What You Do

Ryan emphasizes that while simple actions are not always easy to implement, they are crucial for success in real estate investing. He notes that whether it's attending events, joining groups, or reaching out to potential partners, taking chances and being proactive is vital. Ryan highlights that one must get out there, learn from others, and determine what value they can bring and gain from partnerships. He states that sitting back and avoiding action will not lead to progress.

Investing Strategy in Real Estate: "One thing that is big, when people hear investing in other states, it's not a good idea unless you have an operator that is close by and local to that area."— Ryan Dumas

Building a Strong Team

Ryan also highlights the importance of having a solid team to share the workload and make the journey less strenuous. He notes that building a team that aligns with your goals and complements your skill set can greatly enhance your chances of success in the real estate industry. Ryan suggests that as a team, members can each contribute expertise in different areas like raising capital, asset management, underwriting deals etc. This allows syndicators to focus on their strengths while leveraging the skills of others.

Loving What You Do and Helping Others

Loving What You Do and Helping Others
Photographer: Hanna Morris | Source: Unsplash

A Key Ingredient for Fulfillment and Success: Loving What You Do

Ryan stresses the importance of truly enjoying real estate investing. When someone has a genuine passion and interest in the industry, their work feels more rewarding on a personal level. Additionally, being enthusiastic about real estate investing providesongoing motivation to keep progressing, honing your skills, and reaching new achievements. For Ryan, loving what you do is a key ingredient for fulfillment and success.

Furthermore, Ryan emphasizes the value of connecting with other people and assisting them on their own real estate journeys. By becoming part of communities or groups concentrated on your particular niche, like self-storage or multifamily, you can learn from seasoned professionals, provide your own insights, and build meaningful relationships that benefit all parties. Ryan finds that helping others pursue their goals and sharing knowledge creates mutually advantageous scenarios for everyone engaged.

The Importance of Family and Giving: "Even people like giving. I'm going to give once I make a million. Well, if you can't give when you're making 50,000 a year, 100, 200,000 a year, how are you going to give then, right? And it's important… I want to be like him through God… Just to know what he showed his kids about God and being a man ahead of the household is just what I want… not with the family, not with the family… I don't want that…"— Ryan Dumas

Prioritizing Personal Time, Family, and Loving What You Do

Prioritizing Personal Time, Family, and Loving What You Do
Photographer: Robert Eklund | Source: Unsplash

Daddy-Daughter Days

Ryan discusses how in the past he prioritized work and missed spending quality time with his wife and daughters. He shares an anecdote about seeing a post on social media that made him reflect on his priorities. The post was a fictional dialogue between a daughter asking her busy father to spend 30 minutes of time with her in exchange for money. This made Ryan realize he was not making his family a priority.

After this realization, Ryan started to make more conscious efforts to spend one-on-one time with each of his daughters. He takes them on weekly "Daddy-Daughter Days" to do special activities together. Ryan also joined purposeful fatherhood groups to become a better husband and father. He recognizes that time with family is irreplaceable and cannot be rebought.

Ryan encourages others to evaluate their priorities and make time for family. He believes that surrounding himself with others trying to become better fathers has helped him grow enormously. Ryan strives to balance his work, faith and family commitments to live a well-rounded, fulfilling life.

Time Management and Work-Life Balance: "And me people want to make these calls at six, not all the West Coast and the Mountain Standard Time. Investors or operators will work with us because I don't want to be on the phones after six, seven p. M. During the weekdays and the weekends with my that I could be sent to my family because you don't get that time back. You can't buy it. Here's a million dollars. Can I have a couple of hours back from last week? You can't do it."— Ryan Dumas

The Value of Masterminds and Loving What You Do

Ryan highly values being part of real estate mastermind groups. He explains that masterminds provide accountability through regular meetings and interactions. Members get to know each other well and can draw on the diverse expertise within the group.

For example, Ryan's mastermind has people focused on different real estate niches like multifamily, self storage, single family, etc. He explains that each person can contribute their strengths, whether it's raising capital, underwriting deals, managing assets, etc. Coming together, they are able to accomplish more than any one individual could alone.

Ryan emphasizes putting in the time and effort to build relationships and actively participate in mastermind meetings. He has found masterminds accelerate learning compared to passive forms of education like YouTube. Overall, Ryan believes masterminds create a community of like-minded people striving towards shared goals. This environment of learning, accountability and synergy helps members succeed.

Raising Capital and Working with Partners

Raising Capital and Working with Partners
Photographer: Annie Spratt | Source: Unsplash

Ryan's Experience Raising Capital

Ryan has extensive experience raising capital for real estate deals. He emphasizes the importance of having solid financing and a trusted team in place to ensure success. Ryan cautions against taking on too much risk with variable rate loans in the current environment of rising interest rates. He advocates for fixed rate financing whenever possible.

Challenges Working with Multiple Partners and Still Loving What You Do

Ryan and Darin discuss the potential difficulties when deals involve multiple general partners. It's important to vet all partners thoroughly and understand their track records on previous deals. Darin notes that partners should be able to speak in detail about each other's strengths and history. Otherwise, there could be problems down the road if certain partners are not as involved or committed.

The Power of Real Estate Networking: "Because then I failed, which really isn't fail, it's just learned how to make it halfway there."— Ryan Duma

Being Selective and Having Local Partners

Given the risks involved, Ryan is very selective about which markets and deals he pursues. He does not invest in properties where he doesn't have a trusted partner on the ground in that location. Having local teams in place enables proper oversight and management. Ryan gives examples of passing on deals in certain states when he didn't have a partner in the immediate area.

Loving What You Do, Learning, and Growing Through Masterminds

Loving What You Do, Learning, and Growing Through Masterminds
Photographer: Jason Goodman | Source: Unsplash

The Key Ingredient for Success

Ryan emphasizes the value of being part of mastermind groups and learning from experienced individuals in the real estate investing space. He notes that attending industry events, actively participating in groups, and seeking knowledge from seasoned investors are key ingredients for success.

5 Step Process Ad

Ryan reflects on missed opportunities earlier in his own investing journey, underscoring the importance of learning from failures and setbacks. He encourages listeners to set ambitious stretch goals, even if they initially seem out of reach. Celebrating smaller wins along the way is also key.

According to Ryan, his personal growth and success in real estate investing is largely attributed to consistent attendance and active engagement in mastermind groups. Connecting with others, building relationships, and dedicating time to learn have been pivotal. Ryan's experience highlights how masterminds can empower individuals to advance their investing career.

Where To Find Ryan Dumas

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Darin Batchelder


Wealth creation through real estate provided me with a new passion to get the word out and let others know that they have an alternative to investing in the stock market.

If I can inspire and educate just one person to take action that results in life changing wealth creation then the work to launch and grow this podcast is well worth the effort.

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