All Forum Posts by: Matt Greer

I have brother who does lots of real estate investing in the San Diego area and I've been able to show some of his clients and network what the real estate market is like here in Arizona and they're always blown away by how low are property taxes are. I think when investing out of state you have to go through the same fundamental analysis but take into account that it's a completely different market. The taxes and insurance will be different when figuring out your numbers. The growth rate will be different and most of all the laws governing landlord and tenant relations and rights will be different. It's important to keep that in mind when deciding where to buy in an area you might be unfamiliar with.

Scottsdale has a ton of STR's and they have new rules governing them.

@Melanie Johnston I absolutely love how every time you post you include hard statistics and analysis. I agree with what you have to say. I'm also very upset with the Goldman Sachs projections. I feel like they were very misleading and not completely founded in facts or logic.

Awesome find! Good job!

I love it! Cash is king right now! Good job. Is there a certain area of Mesa that you prefer?

I absolutely love this! This is the type of analysis I live for! AZ is doing so well.

A lot of investors will buy a house without an inspection, but they usually have enough knowledge or experience to see things when they walk the property. I'd at minimum get your contractor to look at the house before you go through with the purchase. Another thing that worries me is when a seller doesn't want you to perform an inspection. That's always a red flag for me. I'm fine with taking risk but when that risk can't be mitigated due to someone's outside influence I can't calculate that into my numbers.

I would absolutely target cashflow first. I would look for an area with stable home prices where you don't have to worry about a drop in value but you can cashflow enough to pay your mortgage and any other expenses incurred by the property and have some left over. I have seen too many new investors overlook cashflow and then become motivated sellers themselves. The gains from appreciation are only realized once you sell the property or refinance which could negatively impact cashflow. Focus on short term stability before you do something riskier.

Good Job! I love the back wall design to help make it trendy and draw in guests.

I have had this issue before. I have pretty bad style sense no matter how hard I try. Sometimes I just go into the store and buy whatever the mannequin is wearing (no Joke). I've also got a good friend who cuts my hair and she'll go to the mall with me and make suggestions if I need. In short I think you just need a girlfriend...

I have also seen that there is a weird hump people go through with wealth. When they go from little to nothing and start making money they want to show it off and go to great lengths to show it off. Then they get bored with it and start acting normal again.

Also coaches tend to like to act super rich so that you'll buy their program in hopes you'll get rich too. I see this absolutely plaguing the industry and I think it's why there is such a high failure rate especially amongst beginners. They paint a picture that it's easy and they're rich (you can tell by the clothes, rented lamborgini and the piles of cash sitting on the table) and that all you need to do is buy their program and you can rich real estate mogul by next week. Because their claims are so extreme they have to make their wealth look extreme and clothes definitely convey that look.

On the other hand you can't look like a total bum when meeting clients.