All Forum Posts by: Matthew McClanahan

@Nathan Smith if your goal is to make money in investing, I wouldn’t go spend money on college since it won’t help you really and will waste unnecessary spending. What you need to focus on now is building money making skills and income. The more you have the more you can invest. I would try to live at home with my parents for a while but work my *** off to build up cash to go buy my first house hack. This means buy a Duplex or Triplex, live in one of the units, and rent the others out to where the other tenants rent covers the payment or most of it so you have very little living expenses. Then build the next step and so on.

Read books like Rich Dad Poor Dad, all BP books, consume podcasts on investing stories like BP, go to meat ups and get involved in people near you that are investors. Maybe work for them and learn or get a job like Loan Officer or Real Estate license to make an income that also gets you in the field so you can make money towards investments and build your own business. The possibilities are endless.

I wouldn't recommend joining the military if your reason is just to use the benefits for college or VA loan. You risk your life and mental health when you join. If that's what you want to do because you have a passion to serve your country and you're willing to die for it then by all means you've got my respect but do it for more than saving money on some things when you can use strategies now without that to accomplish your goals. I come from a military family and I am in a paramilitary Law Enforcement agency, it's not exactly what you might think.

College is only worth it if you have a passion to be in the STEM fields like Engineering and want to be a W2 employee working for someone else. I suggest you read Cashflow Quadrant by Robert Kiyosaki.

Good luck! You’re very young and if you get started now and stick to it you’ll be very successful. You have time on your side.

@Kiera Underwood I was looking into Oklahoma. Do you do BRRRR out of state or other routes? How did you find a good provider? And, forgive my ignorance, what do you mean exactly by provider? Real estate agent? Any help and insight is appreciated.

@John Farady I live in Phoenix and would love to keep it local. Would you mind sharing where you find your turnkey properties? Do they have CashFlow right off the bat?

@Melanie Johnston thank you so much🙏. We liked the idea of house hacking however as you know the market here has very few Duplex, triplex, or fourplexes. So I remembered Lennar Jones has some new builds years ago with lock off M-I-L suites that could serve as a rental or Air B&B to house hack with what we have in AZ in Chandler/Gilbert area. Looking for between $350k-$450k range with a suite we could rent for $800-$1000 a month. Please do send some our way if you find any:)

I’m a 31 year old Law Enforcement Officer learning everything I can rapidly to get started in buying and owning real estate to rent out with monthly cash flow. I would like to do this on the side with my wife who is an RN while I finish up my pension for 15 more years. Once “retired” I want to transition to full time Real Estate investing and giving back to my by helping new investors in my current position as a mentor and guide. I’d love to network and gain any knowledge, leads, advice, etc. from the experienced people on here, especially anyone local to Phoenix, AZ area.

I just read the Bigger Pockets How to Begin Investing in Real Estate book in 3 days and now a few chapters in on David Greene's book on BRRRR. This seems like the best route for me and my wife to take.

Right now we are thinking about moving into a house with an in law quarters to rent out as an apartment. We have over $100,000 in equity on our home we bought in Adora Trails in South Gilbert, AZ in 2013. And then saving for our first BRRRR.

I’d love to chat with anyone. Thanks!