All Forum Posts by: Matt Altrich

Does anyone have experience with Fundrise or Realty Mogul?  If so, please share your experience.  I've noticed the fees are comparable to a brokerage account.  

Congrats on the deal.  Have you considered billing back the utilities? 

If you were dropping out for a skilled trade, I'd say go for it.  Going into real estate isn't exactly financial freedom.  It's a commission based job and your salary will fluctuate with the market cycle.  I suggest limiting your school debt, get the W2 job, get a side gig doing real estate, save and invest until you can leave the W2 job and invest full-time.  I personally believe you can achieve your goals faster with the degree and consistent salary.  Furthermore, you'll have a nice benefit package to further enhance your end-game and cut costs.   You can even start the real estate gig while still in school! 

Always get multiple bids and confirm scope of work is the same.  

I live and invest in the KC market and prefer properties with basements.  Foundation issues are a huge issue here due to hydrostatic pressure so you need to make sure proper drainage systems are in place (grading, gutters, etc).  

6700 W 81st street has sat on the market for quite some time in the past due to multiple issues.  I looked at it after the listing had expired last year.  It'll be interesting to see if it moves or if they fixed the structural problems.  

I buy off market in JOCO and regularly hit 1% or better. It's a bit more challenging if you buy from MLS and pay retail prices.

I generally avoid this area.  I think this is definitely a C area with terrible schools.  

I have an insurance broker that I run deals through to obtain accurate numbers.  He'll shop multiple companies to find the best prices.  

I would find an insurance broker who can shop rates for you.  

Hi Jon, 

Welcome to BP and congratulations on the new adventure (and life changing endeavor!).  

As mentioned above, I would also suggest attending local meetings as your schedule allows.  Of course the BP community is also outstanding and a wealth of information.  It sounds like you already have a great mentor with your dad being in the business. 

I'm local so feel free to reach out anytime.