All Forum Posts by: Sam Mathew

@Thomas Weidner that updated fireplace looks cool. How did you do that? Is that white washing…Like half paint, half water to achieve that look? If you don’t mind sharing. Thanks. Shelby

@Jen Narragon Awesome post Jen. Question for you. I’ve never done an Airbnb investment but but how do you “automate” the cleaning and prep for it each time so you are not bothered?

@Dave Rav cool post. Yours is the first I read on here. I don’t know much about the ladder mat business myself but love going over business financials to discuss the risk and such. If you want to review, let me know.

Seeking Handyman - Hello Members.  Please let me know if any of you are willing to share a trustworthy and affordable handyman in the Port St Lucie, Florida area.  I have some work needing to be done on a one-off rental that I have there.  Thank you.

I use to put out 10 cash offers approx 75% of market value and 10% of the time, a Seller would accept. Now, not a single one has been accepted.

Just curious, but have others had good luck with some good stories in 2021?

I am a semi-seasoned real estate investor seeking to potentially partner with someone for a modest $1-2M multi-family or commercial deal with short to mid term exit plan in mind.

No property in mind yet. I live in Florida and have done 80% buy and hold SFH in Michigan and North Carolina. And have done 20% flips in Florida. So far, have been a solo investor but open to meeting same-minded industry colleagues who would like to grow their portfolio.

My background has been in accounting and an MBA and work full-time in the IT healthcare industry but really looking to the next phase of investing. SFH has been great but small change compared to the bigger potential out there.

If open to even discussing and/or sharing experiences, please let me know. I have watched too many training and RE investing videos and although wonderful, looking forward to the taking it to the next phase.

Look forward to hearing from you.

Sam

Fort Lauderdale, Florida

Thanks Brendan...that is helpful advice.  Very true.

Hello Bigger Pockets Team Members,

Approximately three years ago, I started investing in real estate as a side hobby.  I started buying small SFHs ($75-100k homes) and renting them out, and here and there I would also buy and flip.  I started with a modest amount but using 1031 exchange and some other investments, I now have approx $500k available to invest.  Of course this crazy real estate run up helped quick a bit with it.  

Now, I am experienced with small SFH but would like to take a larger step (although more risk adverse in my mid 40s).  I was hoping to seek input/guidance from experienced people.  Does any of the following seem more attractive and also less time consuming (as I still work a full-time job in IT):

Door #1) Continue building slowly but surely with SFHs?
Door #2) Look to buy a first multi-family apartment unit with 8-12 units?
Door #3) Look to buy a first commerical office suite or similar?
or Door #4) Something else unique and interesting with real estate?

I feel somewhat odd posting this request for guidance, but I felt that maybe the Bigger Pockets team members would likely be much wiser than asking my family members or friends who have not much experience with real estate.  Please let me know your thoughts if you are open to sharing.  Thank you and very appreciated.

Sam

I would agree if the appraiser didn't have the sales price. Then totally unbiased but they do have the sales price as they have confirmed with me on the past three homes. So it great when I'm selling to someone and they try hard to justify the high price. But it hurts on my delayed financing when I buy for a low price and need it to appraise much higher for my 70% LTV.

Thanks Cameron for the advice.  Will take that into consideration then...yes.