All Forum Posts by: Matthew McKee

Raise the rent to $2900/month but give them a $200/month credit so they are paying the same amount, your place is continually rented and your rent is increased to the market value so you don’t have to worry about future rent increase restrictions. Win/win/win

With real estate it really isn’t better to beg forgiveness than ask permission. There are other options out there, I don’t know what your goals are but have you considered house hacking?

Quote from @Matthew McKee:

I put it in everyone of my leases to provide a copy of a current policy. I’ve never had a drop in demand for my rentals over that.

 And to your point about what business it is of yours… you should be viewing your investment property as a business.

Definitely smart to be looking ahead, it’ll make scaling much easier but I do agree that putting systems to work early can often cause redundancies do to gathering more information and transitioning to another method that you could have just started out with

I put it in everyone of my leases to provide a copy of a current policy. I’ve never had a drop in demand for my rentals over that.

Great shoutout for your hometown, simple and to the point!

I’ll use this forum for complete transparency.

1. use the TurnKey Brothers podcast and brand to educate and encourage investors in all aspects of their portfolios.

2. Create financial freedom through a cashflow generation juggernaut.

3. End human trafficking.

In that order

First of all, you’re doing the right thing by being here. Biggest thing starting out is the teams aren’t interviewing you, you’re interviewing them. RE is a pyramid scheme, the more people under you, the better so you have more leverage than you think, even as a newbie. Surround yourself with people who are like minded, your income will be the average of the top five people you surround yourself with.

Everyone is spot on, good work team!

Quote from @Parker Shoaf:

Quote from @Chris Seveney:

@Parker Shoaf

Do you want a partner who shares in the profit - then you setup a LLC and both be members and the operating agreement would state how the money flows

The other option is to have them loan you the money - with a note and mortgage and terms indicated so they get interest payments and you get all the upside (and downside)

 I'm referring more to if I have someone who wants to invest their money into a deal of mine like a 50/50 split per say or however it would work out.

As in using someone as a private lender or co-owner?

both Are easy enough and there are plenty of great contract templates out there. I would always suggest to have a RE legal professional review anything you plan on using. Once you get the first three deals out of the way, it’ll become second nature to you.