All Forum Posts by: Matthew Koch

Well I most certainly want to commit to this type of investing as I've a deal coming up for a rental that would be an ideal situation for this tax deferment. At least from what I can tell. My biggest issue is, like most peiole, and needing to figure out how to group or come up with ideas for the finance part and get the ball rolling!

I would love more information though and lool forward to hearing from you!

Thank you for your time

Matt Koch

okay well I appreciate the reply and thank you for give me a little bit better understanding on how this whole big picture works

Possibly. If that particular Vanguard is covering each and every business that is out there that is a real estate company or a real estate investing LLC or firm then yes maybe that is exactly what I'm talking about...

If there is a huge amount of money out there for the real estate big picture then there should be some sort of company  that is able to utilize that money and when people put their money into that thing that index fund that whatever it is  then in return it also supports the people who are doing the real estate investing  buying and selling houses or building new houses and the like.

if people individually are trading on the stock market and they can lose money or gain money and then there's people that are investing in an index fund which covers an entire area of a stock market essentially putting their money in America so if America does well we do well investing in that stock index fund so why isn't there an infrastructure in place for a bond or an index fund for Real Estate Investors as big as this company or idea is growing for investing in real estate then how could it be set up where it is an index fund or a bond other people can benefit from that?

ah yes indeed, i was thinking it was tomorrow but thanks for the heads up and I'll be there! 

well I appreciate the warm welcome and to be perfectly honest until I have a chance to get some deals going on and complete my first deal and then get some traction from my own company there may be a long while before I get to travel anywhere money is very tight with me right now I'm just trying to do the one deal and work on my own personal expenses about $5,000 to take care of what I need to be in an absolute better position to also fix my credit if I need to use it for that route and leverage some loans to get my deals done. Nonetheless I appreciate the warm welcome and looking forward to hearing more about you or any kind of deals you're getting into.

So I suppose that I had jumped the gun and did this a little bit backwards but now that I'm able to actually do the introduction portion  might as well let you all know a little about myself and what I intend to do.

I'm 34 years old I have three kids living at home with me and my wife and I have a fourth with another that's another story altogether but I won't get into that.

Recently became a big Pockets Pro member looking forward to using any and all the resources that are available, been listening to a lot of the podcast started with the money episodes and got up to about 40 episodes and then switched over to the real estate portion of it and now I'm up to episode 27.  So far it's sounding really good it is definitely a building upon the last episode process and that is how I love to learn through a podcast or talking to someone directly like a forum. I drive a front end loader for 11 hrs a day in the cold outside all day, rain snow or whatever. Been recycling cardboard for 3 years and started out doing cleaning of the portable toilets and progressed to the warehouse baling cardboard, twine, and plastic.

I'm used to working hard but tired of trading time for dollars and worrying about when I might get fired and start over at our minimum wage of 7.25 a hour!

Looking into realestate to do my first deal within the next month by one or two methods either wholesale or buy and hold with another's money and make in into a rental! Fingers crossed.

My 10 year goal is to buy property here in Idaho and improve our economy one property at a time.

Looking for private lenders to borrow from, make the sale and buy the property, sell it againto another then give that lender back their money with Interest then turn around to do it again.

Basically wholesale for now.

Look forward to hearing from the community!

I'm excited to be here

Eventually going to be posting a newly remodeled 5 bedroom 3 bath house with a 2 car garage in Twin Falls, Idaho. I had other posts before on the price and such for what he wants for it but with one other house that is even comparable is 40 grand more because of the square footage. You all can check it out and maybe be able to suggest if I should even continue with the contract or not?

The address is 1140 blake street North, Twin Falls, Idaho.

I hoped to get the house for $205,000 and then turn around and assign my position to another buyer for $230,000 (as per his appraiser quoted the ARV)

The issue I am seeing is most people NEVER pay for What is actually quoted and thus people want to pay 70% of that instead..... I dont want to have him take a loss on it or myself included missing out on a opportunity to launch my career for real estate investing......

I REALLY want to hold onto this property and make it a rental which would be great significant cash flow but as I'm just atarting out I could use a little chunks of change to reestablish my bills and better my finances first and have more options to move forward with other endeavors later on.

Basically a ready to move in type of place after it warms up and he plants new sod also. I believe the word is turn-key property? I'm still new and learning all this so any help and advice I'd love to hear it!

Thanks for reading my reply and look forward to hearing from the community.

Matt Koch

So I checked out the market place and the forums to find out what houses have been posted and are available in Idaho and I'm just curious why there's only two that are listed? May I be lead to assume that if I was to start a deal and try to post it on this bigger pockets profile is it going to be a great opportunity for someone to see it or will it be like a ghost town as they're only two listings on there for the entire Idaho State?

Wyatt,

I understand what you're talking about in knowing the people whom ill rent to might be dangerous, however, unless I missed something in most of the reading and the podcast that I've heard the whole idea for these deals and other stuff, is to In fact have a good relationship with all parties that are involved? Also the tenants as I can remain professional and they can respect me that if they do miss out on rent then it's just simply business with a notice, but I can still be friendly and they would know and understand that I would like to run a tight ship with possibly rare exceptions case by case issues. 

I wasn't living with them as this is only for a rental and I'm trying to own it and try to hold onto it for 10 years at the protected possible appreciated value goes from 202k to 504k. (According to the calculations on the bigger pockets site)