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All Forum Posts by: Matthew R Crawford

Matthew R Crawford has started 4 posts and replied 22 times.

@Thomas Good- We are meeting Tuesday, May 15, 2018 from 5:00 pm to 7:00 pm at the Fireside Grille (4170 State Route 34) 

Post: looking for JV partner in WV

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

Hi, I'm Looking for a JV partner to Provide capital for a Fix and flip deal in Hurricane WV.

I will manage the deal and split profits 50/50

ARV: 125K

purchase: 60K

repairs: 35K 

PM me for more details if interested. 

Post: Working With Local Investor

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

@Frank Matanane Thank you for the suggestion we been going to all the local groups here. Definiely will offer our time and my wife is a graphic designer, maybe she can design some work for some of them. Will get to know the few of them before we ask them for lunch. 

@James Fisher - Luckily we back out before we spend another $40,000 on these courses. 

Post: Working With Local Investor

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

We are currently reading "The Ultimate Beginners Guide To Real Estate Investing" by Joshua Dorking and Brandon Turner. The authors suggested we work nights and weekends for local investors for free to learn about real estate, what does that all mean? How do we find investors who want to with or who want to work with us? What is the right way to approach them?

Sadly we are one of those people who brought those program recently. Myself and my wife read many books and my wife came across a real estate program host by Hilary Farr's representatives here in West Virginia. We were both excited about it because nothing much happens here in West Virginia, and thought it is a great opportunity to learn more about real estate. We are young and thought all the old timer here who are doing real estate would careless about us, nor do we know how to get to know these people. My wife has been interested in real estate since 2013 after she read "Poor Dad and Rich Dad", I myself didn't get to it till last year when I wanted a change in my life. With my wife influence, I read many books on real estate and stocks but real estate seems to be the most stable investment. We were both motivated and ready to take the world on.

For people like ourselves, the first boot camp was eye-opening. There was so much information we never knew before but all this was before we found Bigger Pockets. My wife actually found Bigger Pockets by accident on YouTube and click on one of Brandon's videos. We debated if we should do the mentorship program and we end up doing it because we thought having a mentor can guide us better in our journey. The mentorship program is $9,000 and the mentor is not easily reachable and not much of coaching. We are embarrassed to admit we had them help us fund the class with credit cards and completely ruin our credit score (which we slowly try to build up early in life to 720 now 600). We have a deal under contract but there is no way we are able to get any form of loan because of our credit score. We reach out to a few people about investing with us but most of them said aren't willing because we don't have any experience. We have been trying to reach our mentor but it so happen he is sick currently. 

This is one of biggest mistake we ever made and do not wish this to happen to anyone.  We wish we done better on online resources like Bigger Pockets before doing this mentorship program. We have been going to few real estate investments groups and it has been wonderful. We learn so much during those club meetings and we recommend anyone to go to their investment club in their area.  I firmly believe things happen for a reason, whatever the reason I hope this will help someone not fall into their trap. We will have to start all over again from our credit score to saving some money to invest again, but we will be back stronger. We can't control nor change what has already happened, so now our responsibility is to use those negative energy and change it to positive. We fall down hard, but it can't keep us down. Best of luck to you in your real estate investment journey. 

Post: First House Dilemma

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

 @Derrick E. Yeah I think we will have to find better deals. 

Post: First House Dilemma

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

@Derrick E. We went to the real estate investment group today at Charleston. Yes as a flip is a risk like everyone have said. Most them said we should start looking at South Charleston and Dunbar for flips. As a rental, it would be a good deal since we can rent it out for $850 to $900 easy in our area since that's how much our rent is. We just don't have the means to fund it as a rental. Someone in the group suggests rent to own strategy: have someone put down a down payment then pay monthly on the mortgage.

Post: First House Dilemma

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

@Paul Stewart Yes, rental would be a good way to go in our area seems school district is good, convenient to jobs, and shopping. It would generate about $800 to $900 rent easy. Thank you.

Post: New real estate investor and new to BP

Matthew R CrawfordPosted
  • Hurricane, WV
  • Posts 26
  • Votes 6

@Nathan Arnold There is a real estate investment club at 6:00 pm in Charleston. The meet up will be at The Grill. It will be our first time. Just want to let you know.