All Forum Posts by: Matt Laird

Also It was a Foreclosure auction..

Went to a Sherriff Sale and was the highest bidder on a Commercial building w/ acreage. I was under the impression I would take possession after to confirmation hearing. Is this correct? What do I need to do about evicting the owner and also did I buy the contents or do I have to give him a certain amount of time to vacate with the company's belongings? Any help will be appreciated thanks.. BTW the property is in Oklahoma..

We are looking to extend out portfolio in to the Midtown - Classen - Paseo and surrounding areas, The plan is to buy some of the historic Multi-family property's in Up & coming neighborhoods. The problem we are finding is a majority of "Property Managers" in the area are accustomed to the 1990s brick duplexes, none are so interested in the 1900s properties.. I'm looking for someone who might have a team in place for repairing and continually up keeping such properties. If you have a property to meet our needs, would make a referral,  or you are a professional in the area please let me know..  

100m is huge number.. It can be attained by death if you started early enough in life... Start @ age 18 with a 100k salary with a 5% yearly raise,  invest 15% with a 15% match in a 401k average 10% annually till your 80... 105m "pretax" 

@Brian Burke 

Very well done.. Also wanted to say I enjoyed your podcast.. Thanks for sharing the wealth of knowledge and experience.

Looks clean, What color is the front door? What are your plans for the Landscaping? I would recommend something tall maybe 3 taller bushes to break up some of the wall right side of the entry.... Are you going to repair the sidewalk?

@J. Martin 

Why would you recommend bonds in such a low interest economy?

I noticed it a week or so ago, also in Safari my Profile photo is upside down...

@Joel Owens 

Let me clarify, I was thinking on the side of investing as a partner in the carwash or mini storage, let the partner run the business, (email me a monthly statement). 

Honestly Joel were not needing a substantial income for the time away. I'm looking for something that will be closest to passive without getting into stocks. We will live modestly & have the funds for the year liquid prior to leaving..

@Jon Klaus 

 Thanks for the insight, I'm very interested in buying notes, just clueless @ this point where to start..

My family & I are in the planning stages for a mini retirement. We would like to leave in June of 2018 and be gone for 14 months, live in 3 different country's for 4-5 months per. With 4 years of preparation I intend to have a team together to manage my rentals while we are away, when we return I plan to go full time in real estate, my current Business will be sold or closed prior to leaving. Our primary residence will be rented out furnished, I will sale my work vehicle and store her SUV. 

I'm asking the professionals in each field for advice on what would be a higher yield passive investment I can start focusing on to enable us to enjoy a year+ abroad. Would you recommend; triple net rentals, Note investing, more rentals, car washes, mini storage, etc.? I currently specialize in Oil & Gas and Fix & hold SFH & 2-10 multi fam.

FYI, My wife and I plan on getting part time jobs & sending our children to local schools to be totally immersed in the culture.