All Forum Posts by: Matthew Winters

Congrats on your 4th transaction! That's amazing! I did read rich dad poor dad months ago. It was definitely an eye opening read. I have started The richest man in Babylon per your advice. I do not want to put it down. I am actually reading it on my lunch break right now. I wanted to stop and thank you for your advice. I plan to listen to the podcast soon as well. This is a great staying point for me and hope to have my first transaction within a years time.

This is why these forums are great! I appreciate all perspectives on the topic. I will keep my eyes open new opportunities while saving for that first deal.

This is my primary residence. I see where you are coming from. I want to mov

Thanks for the comment. I have thought about taking out a home equity line of credit. For me it seems like the best path to start my journey as an investor and begin to build wealth. The more i learn i feel i need to make the most of what i have and use it efficiently. I wanted to find another way beside a conventional loan. Since you seem to deal with transactions like this daily, would you advise taking this route? Thanks, Matt

Hello! I am searching to find a strategy to start my investing plan. Only problem is I want to get MY finances in better shape first. That way I can plan better for the future. I was wondering if anyone has great books, blogs, articles, or classes that helped you or someone you know get their finances on track. I know there is the option of going to a financial advisor, but I would like to get the experience of budgeting on my own, (at least for now). I currently do have a second job that helps, but having a wife and 2 children are large factors in my budgeting. Any comments or advice is appreciated. Thanks, Matt

Hello, just wanted to try and further this discussion. I do like the idea of using a home equity line of credit. I just want to try and take advantage of the situation. If there are any clever idea's out there i am all ears! Thanks Matt

Thank you all for your replies! Matt, I feel better starting out with sfh because of the idea of starting out with one tenant appeals to me. At least for now. I would still consider a duplex as well. Did you start with multi family?

Hello there! My name is Matthew and I am fairly new to bigger pockets. I have been reading up on my investing books at night and listening to my audio books during my second job as a contacted cleaner. My day job is working for a real estate title company in the Madison, WI area. I am new at the title company and plan to learn as much as possible. Though I stay busy with both occupations my real goal is to become a successful investor. I know this will never happen until I do something about it. My goal is to have a single family property within a years time. So if there are any investors in the Madison area(or anywhere), who are willing to share and advice or experiences please reach out. I would love to talk and build relationships!

Thank you for the input Nick! That is where my mindset was as well, but i thought i would still ask the question. Congrats to you and your success and good luck!

I have a question which involves private lending. If someone is looking into becoming an investor and currently owns a home through a private lender, what are the advantages? Here is a little insight into the situation. The home was bought 3 years ago at $208,000 and no large improvements have been made beside things such as newly painted cabinets and updated landscaping. The current estimated market price of the home is roughly $255,000. The current interest is around 3%, which is amazing! I know there is a possibility of getting a loan through the bank and paying the lender and keeping the profit for investing, but the interest rate is so low through the lender, I don't know if this is a good idea. Any advice or input would be much appreciated. Thanks!