All Forum Posts by: Matt Cariello

Whoops, I hit "post reply" too soon.

With that being said, my end goal Is to get to a point where I no longer have to necessarily "worry " about my income and just be able to enjoy life!

Hello Michael, thank you for the reply! As you pointed out yes I have taken a step back and looked at where I want to be 5, 10, 30 years from now. I'm looking for more of a hands-off type of approach due to my current career as a commercial real estate broker…. that's something I foresee myself doing for the next 20 years or so while I build up my portfolio and eventually 'retire' and focus more on my real estate investments, stock market investments, and angel investing as well.

Thank you for the reply Kelly - good options.

I want to also mention that in addition to larger multi-family apartments, I'm also interested in / considering commercial property investments as well. I would just assume have a few larger properties to maintain rather than 70 SF units scattered around multiple cities/states. Am I wrong to think that way?

Hello everyone,

I am new to real estate investing and have a quick question to ask you guys. I'm in a pretty unique situation where I will be able to invest and/or save roughly $50,000 per year (sometimes more if I have a good year at my job) in some sort of real estate investment and want to be able to get the most for my money. I've been reading up a lot on single-family homes and whatnot, however, I found that in order to make the amount of money that I think I can with this amount of capital (Especially if I save it for a few years) it'll take a lot of properties (60-70 single-family rentals) in order to return the same amount it may for one or two larger multifamily apartments. My question is, should I save up a few years and use some of that $50,000 per year in order to put a decent sized down payment on a larger complex? Or, should I focus all on single-family homes and just purchase a lot of them? Maybe a mixture of both? I'm thinking of possibly starting off with a few single-family homes, and then once I've kind of learned the ropes, using my $50,000 per year to save up enough to start investing in larger projects. FYI - I am not opposed to going into projects with multiple investors… I'm not necessarily looking to do this all by myself.

What are your thoughts? Sorry for the long-windedness of this!

Matt

Fantastic story Joel Owens - good for you! It sounds like me and you are on a pretty similar path.

And thank you for the kind words, that's exactly why I am starting young... I don't want to look back 20 years from now and wonder "what if I would have started sooner...", ya know?

Jenkins Ramon - I attend UW Parkside

Dawn A. - Thank you! Nice to meet you

Thanks @brandonturner -- that keyword prompter is a fantastic idea... I will make sure to do that. Thanks much for the welcome - I am excited to get more involved here!

Hi Joel, I'm with CBRE!

My area of focus is Office (leasing mainly). I will also be learning as much as possible about the investment side of things in order to be able to list an office building for sale if that's what the landlord/owner of my listed building decides to do! Typically we have people who specialize in just the sale side of buildings, but my goal is to be able to do both (leasing and sales)!

What about you, what is your area of expertise? Very cool you own your own firm! Did you previously work for another broker and then decide to open up your own shop?

Hi Valerie Young - I just signed up for BiggerPockets today and noticed you don't live TOO far away from me so I thought I'd drop a line!

I noticed your original post was about 8 months ago... How have things gone for you since then? I hope well.

Best,

Matt

Hello all,

I just wanted to pop in and say that I am new here and really excited to have found BiggerPockets. What a great resource! I can already tell that I will be spending a lot of time here.

A bit about me:
I am 22, I graduate business school one month from now, and have just recently accepted a broker's role in the commercial real estate firm I currently Intern at. I am very excited about my new job as a broker, however, I eventually want to ween off of brokerage and become a full-time investor (is that what many of you here are?). I have managed my own investments (mostly stocks) for the last 5ish years or so and have done pretty good for myself, but I now want to get into real estate investing as well in order to a) round off my portfolio and b) do what I'm passionate about!

I am very dedicated, very business minded/orientated (my mind is always spinning with ideas and ways to improve), but most of all, I am a great learner... And that's exactly why I joined BP - I want to learn as much as possible from you wonderful people and I can't wait to get to know some of you guys/gals a bit better!

Thanks much,

Matt