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Updated 6 months ago on . Most recent reply

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Matthew Samson
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Corporate refugee (tech). Excited to get started.

Matthew Samson
Pro Member
Posted

Hi All. I quit my job in tech a couple of months ago and I'm excited to pivot into real estate investing.  I know a lot of people on BiggerPockets talk about real estate investing as a means to an end, but I'm think I might also just really enjoy the strategy, execution, and hands-on work involved. Right now my head is swimming with all this new content, but I'm optimistic that things will eventually slow down. I'd love to connect and really build a community here on the platform.

  • Matthew Samson
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    User Stats

    21
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    Matthew Samson
    Pro Member
    15
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    21
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    Matthew Samson
    Pro Member
    Replied

    Thanks both for the warm intros! 

    - @Max Ferguson Definitely eager to start with something relatively simple to get some skin in the game and learn firsthand. We'll be listing our primary home for rent in about a year, so adding value to that (e.g. creating a 5th bedroom), and then qualifying for an owner-occupied mortgage in our next city could be a good start. 
    - @Michael Dumler Hahah it was time for a pivot away from my full time job in tech anyway. Luckily my wife is a physician who just finished residency, so she can take a turn being the primary breadwinner. 

    RE strategy: I'd love your feedback! Aside from real estate investing obviously being a great vehicle for long term wealth creation, I actually think that I'll really enjoy the work. I'd be happiest being quite an active investor and property manager.

    Of course, given my wife's job there's a also a huge incentive for me to qualify for real estate professional tax status and (if I'm reading things right) maximize our paper losses. For that reason, in the medium-to-long term I like the idea of multifamily residential for the more aggressive depreciation and ability to scale (vs single family). 

    Would love to hear your thoughts on whether that makes sense???  

  • Matthew Samson
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