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All Forum Posts by: Matt V.

Matt V. has started 2 posts and replied 4 times.

Post: how to start gaining experience?

Matt V.Posted
  • Burbank, CA
  • Posts 4
  • Votes 0

@Tom Goans

Thank you!!!

I will get in touch with all of the contacts you listed and I'll let you know what happens.

It's great to have a starting point so soon after posting my request for help.

Post: how to start gaining experience?

Matt V.Posted
  • Burbank, CA
  • Posts 4
  • Votes 0

If all you had was lots of time, a phone, a computer and a car - what can you offer an experienced investor?

what kinds of work would you offer to do for them in return for the opportunity to learn the business?

Post: New Member in Crestone, CO

Matt V.Posted
  • Burbank, CA
  • Posts 4
  • Votes 0

Thanks for your reply Anson.

At this point, I think I'd like to gain some experience in multifamily by finding deals for an established investor. It seems to me that someone with my experience and skill at getting on the phone and in doing research could be of value. Am I correct in my thinking?

Also, the reason for wanting to find multifamily deals is that I think that's where I'd like to end up investing. I see myself finding underperforming properties and updating them to hold for my monthly income goals. So why not gain the experience in the area I aspire to? Also if I'm going to get a finders fee, why not make it as big as possible?

I'm basing this on my experience in wholesale residential lending- once I stopped making prospecting calls on mortgage brokers in Wyoming and Montana and just focused on Southern California, I started doing 5x as much dollar volume with the same amount of output in phone prospecting. Do you think type of thinking will translate in the investing world?

Post: New Member in Crestone, CO

Matt V.Posted
  • Burbank, CA
  • Posts 4
  • Votes 0

Hi BP members,

I just joined BP today. I'm currently enrolled in a Los Angeles public library free online course in real estate investing- that's how I found out about Bigger Pockets.

I have worked in residential lending- as a salesperson and as an underwriter.

I've also done some personal assistant work for a commercial real estate investor and I've managed a 4 unit apartment building.

I moved to Crestone from California a couple of months ago with my longtime girlfriend. My parents and my sister also just moved to Crestone.

Because of the low cost of living here and my girlfriend's willingness to work full time for a local real estate broker, I am now in the position to devote myself to the world of real estate investing. I don't have the capital to invest in a property, but I've got the time. I want to focus on commercial since I'm attracted to the bigger price tags and because my girlfriend has over a decade of experience in commercial lending.

I'm trying to figure out the most productive focus given my geographic constraints. The county I live in has a population of 7,000 and Denver, Colorado Springs and Albuquerque are 3-4 hours drive from here.

I'd appreciate input on either what I can do to get started in a rural area- or what I can do to get to started with just a phone and a computer. Or both.