All Forum Posts by: Matt Carozza

Thank you, Fabian! I love this! I tend to have shiny object syndrome but have been trying to get better about focusing on a niche as opposed to jumping all over the place. And I absolutely agree that learning from a mentor/investor is so important. I've been trying to build my network and have gotten some great advice along the way.

 Thanks for the advice, Joe! I love all of these, and they each hit home (no pun intended) in their own way. 

For #1, I'm finding that resourcefulness and creativity are perhaps just as important as grit in this game. While looking into flips vs BRRRR with my partner, I'm also looking into USDA vs 203k loans for my primary. That's just scratching the surface, but there are so many strategies and so much opportunity. It's just a matter of using your resources wisely, something I'm still trying to learn.

As for #2, I am in the analysis paralysis camp and have been since I started going down the REI rabbit hole a couple of years ago. However, during that time, I have been learning so much, building relationships, and formulating strategies. So while I haven't pulled the trigger yet, I have been taking action regularly and can feel everything coming together.

And for #3, this is just a great piece of advice and something I need to ingrain in my head. Thanks again for all the tips!

 Hey Josh, thanks for the tip! That's great advice. I really need to create goals for different time periods. So far, I just have my long-term goal, but I like the idea of creating shorter-term, more achievable goals to work towards. 

Love these, thanks, Jonathan! In reference to #2, my partner and I were thinking of using cash for a fix and flip or BRRRR as our first deal as opposed to using leverage for a buy and hold rental. Thoughts?

As for #3, I'm scheduled to attend 3 this month and am excited to finally start going to some!

Hey Matt, thanks! When you say creative financing, do you mean like an FHA vs 203(k) loan vs seller financing, hard money lending, etc? Are there other, more creative types of financing that I should look into?

I also love #3. I need to write that down and have it posted somewhere!

 Hey Cameron, thanks for your insight! #2 is so important and looking back on the steps I've taken while learning the ins and outs, networking has been crucial. I'm still working on becoming more disciplined and would love to create a daily habits/goals journal to help with that. Great advice, thanks!

Sorry for the late response, but thanks for your input! #1 is golden and while I still haven't pulled the trigger on my first deal yet, I'm making more steps towards it every day. I also love the WHY of it. I think it's important to keep that goal/reason in mind as it provides grit, the foundation for success.  

As a new investor who has spent the last two years reading, listening, and learning about real estate investing, it's an interesting time to be getting started. I have asked a few investors this question, but with everything going on right now, I thought it would be interesting to hear updated perspectives and advice.

Haha, I'm beginning to realize that it may be too big of a project for someone so new! And yeah, I think it would have to be a full gut project. I think either finding someone for him (my dad) to partner with or just going the route of selling it to a rehabber/flipper is going to be the best option. But I'm excited to network, learn more about both options, and see what ends up working best for him. And thanks so much for offering to share those templates to estimate repairs, I really appreciate that. If we decide to go that route, I will definitely reach out. Thanks, Joanne!

Hey John, thanks for the insight. I definitely agree with you that this might not be the best way to start off my REI career, especially in this market. I dream big, but it's been humbling to hear so many opinions on this from people with lots of experience. And you're probably right about investing with a family member having the potential to go sideways quickly. It's my dad's house, he's living there, and while we have talked plenty of times about him just selling it to someone who will gut it, rehab it, and flip it, I was just trying to think of creative ways for that not to be the only path for him. He'd love to stay there and doing a BRRRR seemed like a possible way for that to happen, but maybe I'm shooting for the stars with that idea.