All Forum Posts by: Matthew Phillips

Good Evening,

Still looking to purchase my first real estate investment, started looking at local single-family houses instead of multifamily units because there are more on the market. Found a 1900sqft house that is listed for $444,900. It's been listed since August of 2022 and the price has only been reduced by $10k. Still pondering what to offer. The house was just finished being built in August of 2022. There are a couple more of the same house being built currently in the same neighborhood just a few lots over. My goal with this single-family property would be to house-hack it. Being that I've just graduated college, and my wife still has one more year left, we're looking to rent out the rooms for now. Eventually, when I go to law school back east, we will rent the house out to local college students. Is it smart to buy a brand-new development as my first investment? I've been thinking about using the BRRRR method, but being a brand-new house, there isn't anything to "rehab". Is the BRRRR method still something I can pursue?

I appreciate the feedback,

Matthew Phillips

I'm wondering if I should pull my 401k money early, which my current employer has been matching, and use that money to invest in real estate as my future retirement fund.

I've heard mixed opinions. Some individuals have told me to do both, keep the 401k and keep my current employer matching it. Others have told me to withdraw the money and put it into something more sustainable such as real estate.

So my question is, is it worth keeping the 401k option, or can that money be better invested through real estate? Any thoughts or advice?

Good Afternoon,

Looking for some advice on my first real estate investment.

Found a duplex that was just listed a couple weeks ago for $549,000. 4bd and 4ba at 2220 sq ft. Being a college student with limited funds for investing, what is some good advice for paying the downpayment. I've looked into some local county downpayment assistance programs, I've heard advice about using either private or hard money lenders, I've also been told that it could be possible to use a credit card for the downpayment if I've got a high enough credit score. Any personal experiences or advice?

I'm probably going to let the property sit for a little bit and see if they reduce the price more and then offer a slightly lower as well. It shouldn't need much work down to the property, if any. 

Appreciate the help,

Matthew Phillips

Good Evening all!

A little bit about me: my name is Matthew Phillips, I'm 22 years old, married to my beautiful wife, and play football for Geroge Fox University.

I created my Bigger Pockets account in April of 2022, but I have recently become more serious about investing in real estate. I've been listening to the Bigger Pockets Podcast and just finished episode 102. From what I've learned, I'm most interested in long-term rentals and house hacking. Because I'm currently enrolled in University and looking to apply to Law School, money is tight and I don't have much to put toward investing. I'm continuously looking for ways to invest even though my finances are slim. Any advice for me? I've been looking into the different options of using hard money lenders and or private investors. Being that I live in Newberg Oregon, the market prices are pretty high for someone without much capital. Is it best to find an area where market prices are cheaper? Also trying to figure out what a "good deal" is. I know Brandon and Josh talk a lot about finding "Good deals" when looking at real estate, but I'm still unclear on what authenticates a "Good deal."