All Forum Posts by: Matt Holt

After countless amounts of research we have landed on Rentec Direct. Glad to hear it's worked for you Randy! We loved all the features it offers. The interface is very basic which is fine with us because we don't need flash. The customer service seems to be outstanding as well. Can't wait to keep scaling the business and have a software that grows with us.

Matt Holt

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $140,000

Triplex in NW Ohio

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $140,000

I agree that it can be more risky if you are looking at it from just the employment perspective. I am talking about the towns that have very strong sense of community and strong school systems, which is why the residents never leave and the next generation comes back. Many of the residents drive 45 minutes or more to get to their job. As far as population size, 20,000 people or less. I am also just talking about investing in small multi-families in these towns since they are not able to support anything larger. 

Hi everyone,

So I always here about people buying properties in these giant metropolitan areas, but that’s not in the cards for me at the moment since the price skyrockets when you get into these areas. I have a few properties in small towns and have been doing well but I am not sure if this strategy is prosperous for the long term. My cash flow and return are solid but as we know in real estate... location, location, location. Please share any success or failure that you have had with investing in Small Town USA.

Thanks,

Matt Holt

Bragging is perfectly okay! That is super awesome to hear that you learned from mistakes and persevered. BP is a priceless resource that has changed my life as well. What type of cap rates are you getting in your area?

Keep up the great work! 

Matt

Hello BP community,

At this point in time we have 4 units that we own and manage. We have been relying on Excel heavily for keeping track of everything, which has worked out alright so far but we are continuing to expand. I have heard of very successful investors using software such as Buildium and Appfolio but we are not at a scale yet to make those worth the cost. Does anyone have suggestions for a software that is scalable and cost effective for us at this stage in our investing career? 

Thanks,

Matt 

I knew it had its pros and cons. I appreciate the feedback and info!

Hello fellow house hackers! My wife and I had a couple of friends rent out the extra two bedrooms we have in our three bedroom house. Now that tax time is rolling around we are a little stumped on how to handle writing off expenses. I have been told to use the square footage of the bedrooms but they use more than just the bedrooms, obviously. I am curious if that is my only viable option or if I can use a percentage of the shared space as well.

Thanks,

Matt

Thanks for all the different points of view everyone! I appreciate the real world experience and advice. This will definitely get my real estate career started off on the right foot