All Forum Posts by: Matt Engle

If you are truly a passive investor, I'd love to know what you wished you'd known before you'd started.  

I don't know what I don't know right, and I'd really appreciate the feedback, both for me as an investor who is always looking to improve and for my podcast audience.    There is a lot of hesitancy out there right now, and one thing I am hearing a lot is "I feel like I am going to miss something."   

Understand if you don't want to respond publicly, please hit me up directly.   You should be able to click on my name and then hit connect and type a quick response there.   Thanks so much!   

Jake

Hello everyone,

I'm 21 years old and just starting out in the real estate industry. Currently, I don't own any properties and I'm still relatively new to everything related to real estate. However, I have a keen interest in investing in commercial or multifamily properties.

I reside in the Ottawa area and I was wondering if anyone would be interested in meeting up for lunch or coffee sometime soon. I'd love to hear your stories and learn about how you got started in the real estate business. It would be fantastic to engage in conversations about real estate and gain insights from experienced individuals in the field.

Looking forward to connecting with you all and learning from your valuable experiences.

Hey all,

What would you rather have your net worth in real estate or stocks?

Hey everyone, Im wanting to hear everyones best advice or strategy they would use for starting out with 25k cash. For some background info, I live down in South Florida so home prices certainly aren't cheap. Im willing to bet most people are going to say house hack, but thats not quite an option for me since I'll be living with my girlfriend and 2 dogs so ideally we aren't looking to have a roommate. I've considered out of state for my first investment property due to the prices being much lower up north, but then Ive had many tell me thats not the best option for it being my first property without experience. My other thought would be to use a FHA loan to buy a property here by me, live in it for a year and just eat the monthly payments myself, then cash out refi to a standard loan, rent out that property for hopefully some cash flow and do it all over again to continuously stack properties. Any thoughts or input is greatly appreciated!

Hi all. I'd love some input and feedback on what you would do in this situation.

We found a mom & pop landlord who has a portfolio of what we're looking for (small multifamily in Class B area). His dad built the properties in the 70's and he inherited them. All owned outright.

I met with him yesterday, he currently has two duplexes on market for sale by owner. One duplex he owns jointly with his brother and is not accepting seller financing as his brother had to move into an assisted living facility and he needs the cash to help him pay for that.

The other duplex he owns himself outright. I have not brought up seller financing on that one yet. He wants to sell one or two properties a year, so he is perfect for who we want to build a relationship with in hopes that whenever he's ready to unload one we're his first call.

AND! He said he doesn't care to get absolutely top dollar for them. He much prefers favorable terms and the right buyer.

A little background on us:

We're a family investment group - my wife and my brother are my business partners. We bought one duplex in the same city as these ones last year, and my wife and I bought another duplex using an FHA loan and are currently househacking.

Financially, we got hit a little hard this year with the birth of our second child, medical bills, vet bills, car repairs, and house repairs. Depleted our emergency fund from $20k to $1k. But hey that's why you have an emergency fund. Life happens. And my brother had major home repairs and also needed to buy a new car.

So cash wise we're a little short and I think coming up with a down payment would be difficult. Lenders in our area are requiring 25% down for investment properties.

Any thoughts on how we could proceed?

My brother had the idea to build a relationship we could offer to manage the properties for free in exchange for the right of first offer. I don't know if free is the right way to go in the event he either takes advantage of it or wants an astronomical number for the properties, both of which seem highly unlikely based on my meeting with him. He seems genuine.

Thank you for taking the time to read this. Any input is greatly appreciated.

I’m a new investor in Columbus.  Question, what would a good price be for a 6,000 Sq Ft lot in the south part of Columbus/Obetz?  The owner threw me a price but not sure if it’s right.  Anything helps!