All Forum Posts by: Matthew Masoud

I've had some success with seller financing in the Dayton area. Lots of older owners with no mortgage that don't want to pay capital gains tax.

Be careful to avoid the D class areas of Dayton. I made that mistake when buying in Dayton from California.

You need an agent that also an investor.

Good agents can be hard to find.

You're in Dayton so I know the kind of properties you area talking about.

Just be sure that you can handle the turn. Also, make sure you have ARV correct for the refinance.

Not all banks are the same. If they don't want to count the rents, fine. Find a bank that will, they're out there. 

Real estate is one of the more tangible pathways to freedom.

Some do it through stocks, others through exiting a large business, but I believe the clearest path to freedom is with real estate.

Sounds like it's time you look into multifamily and economies of scale.

One Roof, One electrical System, One septic tank, ect.

Depends on your goals.

There are cash-flow markets (Ohio, Indiana, Kansas) and appreciation markets (AZ/FL/TX Although maybe not in this market.)

If you're looking to get out of a W2 look for strong cashflow markets. I would start your search and OH, IN, KS if funds are tight, if not I'd look at NC, SC, TN.

Get familiar with the area and build a team there. You'll likely have to go out there a few times, especially in the beginning.

Good luck

1. If you have the income use a 2nd home mortgage. Watch out for restrictions on occupancy. If not, DSCR or conventional will be your best option.

2. You'll need STR insurance. I use proper insurance but shop around. Also, consider adding an umbrella insurance.

3. Depends on financing. DSCR you can close in an LLC. Conventional you'll likely have to use your own name.

4. Start talking to loan officers, CPA, and attorneys. Loan products and closing entities are highly individualized questions. 

Tough to give you detailed answers with limited information and be cautious of anyone who does. 

Glad they are taking action. 

As a host with 12 listings I've been seeing a spike in guests wanting to "communicate on whatsapp" or mail me a check before making the reservation.

We'll see if it makes a difference or maybe scammers just adapt.