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All Forum Posts by: Matthew Smith

Matthew Smith has started 7 posts and replied 26 times.

Post: New member post

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1

Welcome Kevin, and good question.  I was just looking into that as well, I've never been to a meeting.  I figure 10$ to find out can't hurt, just have to figure out how to squeeze it into my schedule.

Post: New member in Omaha Nebraska.

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1
Welcome to BP Michael Murphy. You have to start somewhere and this is a great place to learn. David Neese , I'm new as well. I'd like to attend this meeting as its is my area of interest.

Post: New to BiggerPockets and Real Estate

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1

Welcome back!

Post: Newbies in Omaha Nebraska

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1

Hey @Sean Sullivan, I'm ANG and former AD at Offutt.  Welcome to the site, we are just getting started with investment RE as well.  

Post: Brick Buy Brick

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1
It doesn't. It will be a seminar that either pitches more expensive seminars or his coaching business.

Post: Why would you be a silent partner?

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1
Thanks Ned Carey. I may have answered my question but you did as well. I'm not looking to create cash. I'm looking to create cashflow, and wealth through long term real estate holdings. I believe my potential partner is as well. I see this as a win win, I just need to pitch it right. The main thing I'm concerned about is objections I haven't thought of yet.
The key is that you do it. Dave Ramsey might say the smallest debt first, someone else may say the highest interest first. They could both argue their points well. Dave has an interesting point about the feeling you get by getting one out of the way first and the behavioral push it gets you to move to the next one. The key is that you make a decision, stick to it, and actually do it.

Post: Why would you be a silent partner?

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1
Okay so here's my scenario: you are a business owner in the area, but you are tied up in running your operations. Time is your most precious commodity. You have extra cash that isn't getting a return, but you would like to put it to work. What could I or another investor bring to the table that would encourage you to partner with me so that I could be your bird dog and find deals for your cash? I ask this not as a request from BP, I have someone in mind. I have a model that I want to follow. I believe I have something that could benefit both parties, but I want to hear from the community. Give me your best ideas. Matt

Hey ya'll,

I'm looking to build my network in Omaha.  Does everyone here use more than one agent, and if so how do you work with them without adverse reactions to not using one exclusively?

Post: Network needed

Matthew SmithPosted
  • Papillion, NE
  • Posts 26
  • Votes 1
Hey ya'll, I wanted to let the voice of experience guide me. I'm new to the real estate business but not new to business ownership. I know I need a network, but want to make sure my bases are covered. Who should be in my local network? CPA -covered Bookkeeping - covered Legal - have a couple ideas for people don't think I need an entity for first property but open to ideas Mortgage broker -need ideas Title insurance - need ideas Property Mage - need ideas, want to manage first property to learn ropes Real estate agent - need ideas Insurance - have a provider but open to others Investor- have a couple in mind with some personal funds Goal: own 3/2 by end of year, cashflow 1200-1500 a year after expenses including property management fee Market: foreclosure, reo, motivated seller, Omaha prefer Bellevue, Papillion, La Vista, Ralston Hold time: 7-10 years, will consider selling sooner if favorable Who/what am I missing? Matt