All Forum Posts by: Matthew McKee

Quote from @Cory Rickard:

Quote from @Matthew McKee:

@David Cheng I have a lot of clients in Washington State looking into the Boise market because our price points are generally lower and our rental rates are increasing with the natural migration and local tach companies moving in, expanding. the market here has been aggressively rising over the last 4 years to a point where the rebound has had quite the psychological affect on seller's and listing agents. something to consider.

 I've seen Boise on several lists of most overpriced markets and one of which will fall the hardest.  What is your sense on this?  

Price is a lagging metric, days on market and inventory are the leading metric. This has been a rapidly appreciating market with some months nearing 20% appreciation so sure 4% month over month reduction in price looks stark in comparison but were still up 6.6% from last year which is 2-3x the national average, our inventory is down to just over 3 months of inventory now and our days on market rose slightly which indicates market stabilization. my crystal ball is in the shop but I'd put money, and am because I'm still personally buying, on the market stabilizing in the next two months. we also have contributing factors such as Meta moving outside of Boise which will draw attention and Micron adding 15,000 jobs and 15 billion of infostructure to Boise. Purely speculation but California Tenant protection laws have run out and evictions are nearing the end of their court cases so there is a potential to an exodus 2.0.

I am, of course, biased to the market which allowed myself and my mother to retire though.

@David Cheng I have a lot of clients in Washington State looking into the Boise market because our price points are generally lower and our rental rates are increasing with the natural migration and local tach companies moving in, expanding. the market here has been aggressively rising over the last 4 years to a point where the rebound has had quite the psychological affect on seller's and listing agents. something to consider.

Seems like you're doing all the right things! Welcome to the family and enjoy the addiction which is REI!

What are your goals moving forward?

@Michael Coritz I'm SW with the Air Force and my partner is an ex UH-60 driver, collectively we have over 20 years of service and both retired early through the power of real estate. we don't have connections in south Texas but I want to offer you encouragement. 

I hope I'm not overstepping: Use your VA loan. Every 2 years without fail. Buy multifamilys, Refi, Repeat. Secure your retirement with one of, if not the most powerful financial tool known to man so you don't have to be tied to Uncle Sam for your retirement. Serve hard and Proud but enjoy the tax advantages and financial freedom your VA loan will grant you.

and look me up if you're a dropping asset or back seater, maybe I'll hear you on the mic.

@Matt Osojnicki is the subject matter expert when it comes to underwriting STR's.

You need to connect with @Matt Osojnicki

Conventional, Owner Carry and currently seeking Private Money to fund a couple deals I have.

Quote from @Giovanni Amaya:

Quote from @Matthew McKee:

Thanks everyone for chiming in, I think it’s so easy to write off someone as young as @Giovanni Amaya but think that just stems from jealousy that we didn’t get started at that age!
A common thing that isn’t mentioned, other than you’re main post, is an associates degree. It seems that going to college would be a distraction and probably waste of time for your proposed goals. You can learn far more driving to and from class by listening to podcasts than you will with a two year education. Couple that with the amount of money you’ll save and earn by working instead will help you get further than the piece of paper will.

 Hello Matthew and thank you for taking time to respond to my post. I was never even thinking of that possibility, and I also wasn't even happy to go into college for 2 years. I think your right and I should probably just learn as much from podcasts and books like you stated. Thank you for your honest opinion and for being straightforward. I love everyone's advice but if you could throw in a couple of recommendations of podcasts to follow and listen to that would be great. Of course, if you can't that is fine as your opinion is enough. Thanks again.

 Yeah, of course! I don't want to get banned for promoting so I'll DM you a list!

Thanks everyone for chiming in, I think it’s so easy to write off someone as young as @Giovanni Amaya but think that just stems from jealousy that we didn’t get started at that age!
A common thing that isn’t mentioned, other than you’re main post, is an associates degree. It seems that going to college would be a distraction and probably waste of time for your proposed goals. You can learn far more driving to and from class by listening to podcasts than you will with a two year education. Couple that with the amount of money you’ll save and earn by working instead will help you get further than the piece of paper will.

Quote from @Wale Lawal:

@Giovanni Amaya

The steps to become a successful real estate agent and strategies to launch your real estate career.

1. Get a real estate license.
2. Find a real estate brokerage.
3. Join the National Association of Realtors (NAR).
4. Understand your income and budget.
5. Make a business plan.
6. Develop a marketing plan.
7. Build your online presence.
8. Find a mentor.
9. Host open houses.
10. Continue learning.

All the best!

 Easy and stream line, we’ll said @Wale Lawal