All Forum Posts by: Annwar Matani

Hi everyone! 

As per my last post I am looking to purchase my first investment property. I was initially looking to buy a turnkey property but I have since found a partner who is interested in value adds and has experience. Hoping it works out we are still looking. 

In regards to taxes, I have a W2 job and I also have a 1099 job. I heard that there are tax advantages/benefits to buying investment properties- is it true I can use an investment property to avoid paying taxes on my 1099 job? 

Thanks in advance 

Thanks @Chris Kersey, appreciate it 

@Mike Paolucci Thank you Mike for the advice and appreciate the transparency! I will consider looking into turnkey properties for my first OOS investment.

Hi everyone. I am a new out of state investor so I feel like my head is all over the place. I have read the BRRR book by David Greene and follow the forums, and listen to the podcasts. I feel like I have an idea but I think I am stuck in analysis paralysis at this point LOL. Also extremely nervous.

I am looking at different markets but I am interested in the Cleveland Market for various reasons, but most of all the low barrier of entry. I am from NJ so our market is more expensive. I have a primary residence in NJ that has equity, I have liquid cash around $50k, and my credit score is 740. I am debating on whether to just apply for a loan or use my equity/ cash to buy my first property? The strategy I would like to BRRR because I do want to scale in the long run. I am looking for cash flow.

 I am also trying to establish my team, I have a good realtor who is sending me properties, I was connected to a lender but I am open to suggestions/ recommendations for lenders, property managers, project manager (is this common?)  and (the one that makes me the most nervous) a RELIABLE GC. 

Where should I start? Thank you in advance.