All Forum Posts by: Matthew Couto

@Deisy P.

When you think about throwing the towel in, remember why you started. Your doing this for the you in the future. Not you today.

Everyone at one time or another wants to quit. Just keep pushing along.

@Brandon Fuhrman 

Welcome to the RE world! My goal is and always will be CASHFLOW. Appreciation is a bonus, given over time and because of patience.  With that being said, I look in towns next to big cities, its the outward expansion! Don't buy dumps, thinking cashflow. Usually the headache won't be worth it. Good luck

@Alexander M Stanton Congrats! 

The return on rooming houses and college tenants are definitely higher than average and with that comes risk! I own a 17 unit rooming house, so I do understand!  #1  Make sure you have the correct occupancy permit for your town. Insurance is a #2 for me, mine is $6600 a year and well worth the piece of mind.  Good luck!

@Brendan Phelan what’s the address and time? Going to see if I can come down

@Pope Lake as many have said, base your purchase on the price you are paying, cash flow etc. Never on what the economy may or may not do in a few months. You might be waiting a while, during that time it could go either way! The folks saying the economy is going to crash this year, were the same folks saying the same thing 2 years ago. 

It will crash, but no one knows when. That's why I like to purchase for cashflow, only.

@Brandon Callahan

I typically like to have 3 months of every bill, per property. The likelihood of needing 6-12months is highly unlikely, also having 5 mortgages that need to be paid, with no money coming in is unlikely. But like insurance you pay in and may never need it.... but when you need it, you NEED it. So comes down to your comfort level also consider it self insurance!

@Luis Prieto it’s happened to the best of us, one way or another! Check your state laws first, in NH, we go with a demand for rent, then I immediately went for the eviction. Your state website will give you all the basics! You will hear story after story! Good luck

@Bijou Diaou welcome to the world of RE investing! Like many may have said, keep your money and put it towards a deal. Go on BP daily, YouTube and I also recommend Audible! Most everything that anyone will try to sell you on those seminars will be available one way or another online! Good luck!

@Kyle Joseph I've been working with Jack Lagasse with Northeast Building Inspections for years, he is extremely knowledgeable  and a pleasure to work with. Ive used a few others and was always disappointed. His passion for the business and knowledge of older buildings has made him an asset in my tool belt. 

@Keeshaun King Go to a few meetups in your area, Mass has a few every month from BP I believe. Also sign up for your local area REI group. You will be able to network and potentially meet other investors you click with and start your journey there. Meeting a seasoned investor is an asset, especially in the beginning. I wish I listened to what I am telling you now. Later on that investor is a friend and you become somewhat like family. It makes all the difference.

Good luck