All Forum Posts by: Matthew Morrow

I have some properties in mind that I think would work well (both short and long-term) but I don't have money for down payments. Advice on getting started? Two properties already have tenants and the other has a strong short-term rental history with property management already in place. One property is in Charleston, another is in Fort Worth and the other is local to me in Maine. The one in Maine is a 3-unit while the other two are singles.

Hi there, my name is Aram, I'm a financial advisor and a newbie real estate investor! I'm currently moving my investing activity to a different area and working on building my power team in that area. 

I've come across this real estate "consulting" company. Initially I had thought that this company only does property management, but as it turns out they help the investor from A to Z, when it comes to finding appropriate agents, lenders, contractors, handymen, managing rehabs, management, providing advice on the best investment strategy, etc. 

I've interviewed the owner of the company and he is a real estate investor himself and clearly knows what he's doing. 

From an initial impression, this makes the process of long-term investing much more convenient, and the only fee (apart from regular agent/lender commissions) is the property management fee!

My struggle is the prospect of potentially giving up control, having the choices of team memebrs made by this company for example.

Obviously, at the point where I see the potential members of the team to not be suitable anymore, I can definitely look for others, but i'm still finding it to be uncomfortable.

What do you guys think of potentially partnering with this type of company, and what would you do if you were in my shoes?

Thanks!

Aram

Any calculator or rental calculations that you recommend for Duplex or SFH to analyze if they're worthy of buying for positive cash flow?

For example, there's a 1950 duplex for sale (West Palm Beach, FL) for $500k with each tenant (MoM) paying $1,500 = $3k/mo

The mortgage is $2.8k/mo

Would this be a bad investment because you would have to factor improvements and possible vacancy?

If so, what would you recommend would have made this deal better as an investment?

Really apologize if this is a stupid question, but I’m new to RE investing so I hope to get some help with this basic question. 

i recently went into contract for my first rental property out of state (PA). I'm going to be forming an LLC in PA to hold the property. My question is, can I open a bank account for the PA LLC in my home state of New York?

Hi there!

I'm a private landlord, new to the Philly market, and I'm eager to connect with another experienced landlord who can guide me through this thriving market. I'm open to phone calls, FaceTimes, and meetups—whatever works best!

A little about me: I'm a two-time combat veteran with the US Air Force. Looking forward to connecting and learning from you!

Best, 

Mr. Desati "Des" Nyanwleh, MBA (STEM)

Hello Everyone,

I am Collin Reichelt and I am a military officer with over 20 years of  service in the U.S. Coast Guard, specializing in Federal Law Enforcement and Emergency Response. I commissioned in 2019 after 14.5 years in the enlisted workforce. I have served across the U.S. and overseas, developing expertise in strategic mission planning, operational leadership, crisis management and strengthening global partnerships.

I am now eager to meet and collab orate with business professionals to start building my real estate portfolio. I am excited and ready to listen and learn everything I can to be successful. 

I am especially interested in learning to master the BRRRR method, but also ready and willing to use traditional methods to build my portfolio. My 10 year goal is to build at least $20,000 a month in passive income in order achieve some financial freedom, but I also see real estate investing as my true passion post military. I am looking to make this my second career (what i really want to do when I grow up) and I am excited for the future business relationships and friendships that are certainly to come. I am currently in business school at the University of Southern California and plan on getting my real estate license once I graduate in May 2025

I am humbled by the experience and wealth of knowledge that is on this platform and I look for forward to getting started with your help

Hi there, 

My husband and I both purchased properties in 2019 before meeting each other. I rented out my condo (short term - midterm) to move in with him, and now he is ready to rent out his single family home (long term).  We are considering renting a home in the neighborhood we are interested in buying in, to test it out for a few years. By renting out both of our properties, we will generate enough income to cover the rent of our new home.  We both also have full time jobs.  We have $50k set aside for emergencies related to our rentals.  

Is this a unique form of house hacking, where the rental income from our owned properties covers the rent of our new rental home?

Are there any potential issues with this plan?  Thanks all for the help.  

Being only about a year into my investing career I'm still very green and don't have many re investing relationships other than my loan officer and realtor. I hear and read time and time again that it is very beneficial to be in the same room as people that are where you want to be financially but I don't know how to make that happen exactly. First of all, my town and the ones surrounding are pretty small and don't have much for events for these types of people often enough to make a huge difference. I have contacts with a couple of bigger investors in my area that I would like to get in touch with, but I fear I have little to offer for their time. I'd like to think most people are kind and would give me the time of day but from their prospective I'm just some 19yo kid who's going to waste their time. Even if they did give me the time of day it doesn't seem very fair that I can't offer much to them in return. I know it's not all about the tradeoffs, but I also don't just want to be a leach to them. Any advice would be appreciated! :)

My wife and I are in the very early stages of real estate investing.  We're looking to learn and begin our journey. 

My partner and I are fresh into the real estate investment market and want to learn as much as possible. I am looking forward to any advice you may have (besides avoiding those high priced education seminars.....we already did that) and learning from anyone who is willing to teach us.

Thanks!