All Forum Posts by: Matthew Gentile

 I'd agree @Marcus Auerbach RE investment is safer to store money than it is to make money in the current environment. If cash-flow is the desire, starting out in real estate would not yield very good cash-flow results at the start but building equity is never a bad thing. 

Pros and cons for sure. Tax advantages, appreciation, costs just a few things to consider but with a long-term view like Marcus said, you'd be in good shape to start. Investment helps grow and keep money, cash-flow is easier down the road. 

Good luck!

 Absolutely a realistic fear, we've seen some semblance of 2008 with the exception of inventory for most markets. History doesn't always repeat but it tends to rhyme. In this case affordability seems to be the main issue as opposed to sub-prime lending. Should be interesting to see what direction we head in this summer and beyond. 

Always underwrite anything you are investing in very conservatively in difficult environments such as right now. If it works in this environment with tight conservative underwriting you can be confident in your decision making and when things calm down you may just have a sweet deal on your hands. Problem now is finding deals that work today and that's where the real work begins. 

It's a very tough scenario especially if they have been effective for you for a decent amount of time. I concur with everyone, best to check for medical emergency first in this case, after that's been established as NOT the case, definitely time to get yourself into the mix and remove that manager asap. 

It's unfortunate but this is a hard business some times people just can't cut it even if they've had some success before. Everyone's journey ends a different way, hopefully this can be resolved quickly. Good luck.

I've spent some time in Muncie and Yorktown, previous relationship family lived there. Her father owned a few properties in the Yorktown area and was cash-flowing very well. Mind you, this was 2019-2021 so definitely a different environment for investing but the area is wonderful. Very happy people and not ridiculously priced homes from what I've seen lately. 

Time is definitely the most real constraint, it's what we all want the most and why we invest to begin with in my opinion, to reclaim time. I'd say in a situation like this you'd be well suited to do passive investment into real estate as a limited partner where if you do well financially as a physician you could look to fund investment projects but not necessarily manage them. 

Definitely hard to get into right out of the gate, but something to research for sure. That way you can find investments to provide a decent return and to compliment your full-time work. 

Hard task but not impossible in any way. You're in the right place to network, going to some local meetups could prove beneficial to learning about investment opportunities as well. Goodluck!

 Even in some of the cheaper land areas, construction on new builds has razor thin margins from what I've seen. Very few build projects we've priced out returned anything worth the effort they would take to accomplish. The current environment is very restrictive, forcing us as investors and real estate professionals to get creative.

 I'd agree that you can find some of the best deals but I'd say they are definitely more difficult to find in this environment. The deals that work in this environment will be exceptional in a lower rate scenario so more than likely you'd be hitting a homerun if it works well now.

Not to say you could still hit a few singles that work moderately well now and slightly better later. Getting on base is the most important part. Deal flow in a difficult market helps hone your skill and teaches you valuable lessons as well. 

@Steven Whipple

Congratulations! The first one in any new profession, venture, hobby is always the hardest. You've got to overcome fear, uncertainty and your own mind which is not an easy feat. Kudos to you for getting it done. 

Keep us up to date on your next chapter and continue to share how your experiences and colleagues prepared you to continue pulling the trigger in real estate investment!

Great job.

 Bryant that is very true, we are looking to operate under the states affordable housing guidelines in hopes of utilizing state funding so that's definitely a big one. The builders website has indication that they have down affordable housing with the state before so that is hopefully good news from a code front. 

Thanks for sharing.

Hi BP Community,

I have been looking into Pre-fab homes for rental/condo properties and was curious if anyone has had success with Pre-fab homes before. The concept seems better than new construction in terms of project time, but I'm wondering about the cons to this idea with exception of price being an obvious one.

In theory it seems scalable and efficient, in my mind acquiring the land suitable would be the hardest task. Would love to hear more opinions on this topic.