All Forum Posts by: Matt Miller

Looks like there could be pending restrictions to section 8 housing potentially limiting recipients to only 2 years. This was a rental strategy discussed on multiple podcasts and was being pushed hard by real estate influencers. Do you think this change could reduce the demand for section 8 housing? Would it still be wise to invest in lower priced houses prime for this residency as the need for low cost housing will still be present after the subsidy ends?

@Jaron Walling the 2 properties I currently have were acquired via inheritance. They were purchased a decade ago for cash and are worth roughly 3x the purchase price today. They have had repairs through the years including roof replacements, AC replacements and one having foundation repairs. The property's are both in good condition and with the repair history should be free of major repair needs for the next few years. One has had the same tenant for ten years and the house is well maintained and orderly. The management company does regular site inspections so I am comfortable that it's a solid hold. Both could also use a marginal rent increase as they are below market today. I have been listening to BP for over a year now and just joined the forums as I now have actual property to work with.

@Arman Ahmed that was my goal, leave one property untouched and use cash to BRRRR new properties. I'm not opposed to hard work so my goal is to find the best cash flowing properties whether it be rentals or businesses so I can fund the next venture without taking on partners. Passive/Semi Passive doesn't change the equation much, I have flexibility with my W2 and have a wife that I can employ to assist. Just trying to avoid a fool rushing in scenario

@Jaron Walling well to be honest I have only had the properties for a little over a week. I am really trying to do the research to make sure the market I target has strong rental demand and that I buy smart so I can retain positive cash flow after debt servicing. My goal is to acquire 2 additional properties/year at minimum. 

I have wanted to be in real estate forever but never had the nerve to leave my career in Automobile Repair. I will maintain my W2 job as it is WFH and extremely flexible.

i have 2 properties combined value roughly 450-500k. Both are 100% free and clear and cash flowing a little over 3k a month after management fees. 

I really want to take advantage of this equity and either invest in a cash flowing business I could manage on site semi passive or additional rental properties. 

any advice from the seasoned folks here is welcome, I feel like I am in my head too much and suffering from analyzation paralyzation.

New to the forums and to the topic as a whole. I have been interested in it for years and have bought and sold my own properties through agents always after renovation for profit. My name is Allen and I live in North Fort Worth. 

If there is an area near you with duplex or quads house hacking could be an ideal first start, as little as 3% down for your first time buyer primary residence. You could keep some capital free and upgrade units as tenants moved out or have emergency funds on hand for repairs. I'm in the DFW metroplex as well and yeah competition is a real thing there are still opportunities, just may take you a little longer to find. Do some digging and look at the areas that are expecting growth in the next 3-5 years. With the influx of out of state people migrating to DFW the areas that are slightly out of town will quickly be overpriced and getting in early puts you in good position to gain fast equity once the area begins to grow