All Forum Posts by: Matthew McKee
Matthew McKee has started 1 posts and replied 164 times.
Post: STR / Airbnb Arbitrage

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
I echo everyone else, Pay a PM to manage for you rather than renting it out to someone else, just cuts out the middle man. Some PMs will even fund the furnishings and decorate for you. @matt
@Matt Osojnicki is the premier PM in my local area, he might have some contacts down their
Post: Best Real Estate Strategies for 2023.... and why?

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
lot of pain in the market for sellers, solving their problems with subject to (OWC) is a very lucritive and viable strategy right now.
Post: what is creative finance

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
Quote from @Jon Puente:
Hey Jace,
I would go to Youtube.com and look up Pace Morby "Subject To & Seller Finance" strategies. It's very simple to understand, however difficult to execute properly. Long story short, the owner of the home would become the lender, and you would pay a note to them with customized terms that fit both parties involved. Or on Subject To, you take over someones mortgage payments as they sit, and transfer title of the property in your name. Easier said than done!
Hope this helps!
I'm always careful with the verbiage I use in regards to the seller's mortgage payment. The seller needs to understand that they're still technically on the hook for the payment so I like to say "the buyer will pay on behalf of the seller through Title."
Post: Traveling Nurses/Families level of living comfort vs surrounding areas

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
You're property will do better the closer it is to the hospital if you're targeting travel nurses. Travel nurses aren't the only traveling professionals though, you may consider what else is around in the tech, development, education. you can also use furnishedfinder.com to comp the areas you're interested in.
Post: 10 Things Real Estate Agents Can Learn From Man's Best Friend

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
I think I can speak for everyone when I say we need more of this in our lives. Bravo @Zac Gronda
Post: Newbie Real Estate Investor

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
Welcome Lee, What are you looking for specifically?
Post: First Subject - To and Wholesale Deal

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
That's a solid deal for all parties, Great job General. Have you heard of wrapping?
Post: Too Early to Build Team?

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
Quote from @Alaura Mannor:
Hello all!
I have posted here before, but I didn't actually introduce myself last time! My name is Alaura, I am currently a stay at home mom of one. Just moved back to Texas after husband left the military, and getting geared up to start building our civilian life. We sold our house before leaving his last duty station and made a nice little chunk off that and are looking to start investing in real estate with it while we use a 0 down VA loan for our primary residence. We have only ever purchased a primary residence (and only once at that!) so we are trying to learn as much as possible about it beforehand.
My question is about building a team well in advance of buying. So right now, we have very minimal income (GI bill, reserve pay, savings to cover anything over that) and won't until husband gets out of school and gets hired, probably around June. Our plan is to try to buy our primary residence after he has a job, and buy an investment property as soon as possible (within reason) after that. But I am wondering if I will get laughed at trying to build a team so far in advance? I hate to leave anything to last minute, but I don't want to waste peoples time (mostly lenders and mine) if they are just going to tell me to come back when we have a stable income.
And a follow up question! If we only have one month of income on record other than previous military service, will lenders give us the time of day? Will rates just be very high? Will they require a big down payment?
Thanks for any help!
If someone laughs at you for gaining knowledge than you don't need them on your team. Start now, you might be surprised what's out there. It's not the how but the who's in your life.
Post: Third real estate purchase

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
Quote from @Joehn B.:
@Matthew McKee Thanks, I read up on that. That is a cool way to get a low rate, but it ties up the entitlement slot for the seller if you (buyer) are a civilian.
Yes, for the amount of the original loan.
Example:
If the original loan has a remaining balance of $200K then the Vet can still use $450K of their VA loan. you can use the total of $650k on multiple properties at the same time with the VA loan, as long as you've lived in the first property for a vague amount of time and have reason for moving into the next. You'd have to chat to a lender for any more specific details. Hope this helps!
Post: Aspiring real estate investor

- Real Estate Coach
- Boise, ID
- Posts 177
- Votes 285
Welcome to BP! You won’t have any troubles finding mentors here!