All Forum Posts by: Matthew Weiss

A little context, I am interested in buying a ~100k investment property. I currently do not own a primary residence, but would be looking to buy one in the ~700k range in the next 1.5 - 2 years. I am wondering if my investment property will effect my ability to be approved for a mortgage on my future primary residence given that timeline, thanks!

Hi @Eric H. I did not personally buy a house through Olson yet but have a close friend who did and who I talk with about it regularly.  He is extremely pleased with them and wants to buy another soon, even having dealt with a slightly difficult tenant situation (goes to show how well their property manager dealt with the situation).  I plan to buy one in the coming months as well. If you are looking to get started with Turnkeys or add to an existing portfolio Olson is definitely a legitimate company to do it with

I am looking seriously into REI out of state, and am just starting to tackle how to evaluate certain markets (e.g. Gary IN, Kansas City MO, Harrisburg PA). I'm looking for resources on how I can learn about these and other markets, not sure if there are any useful reports where I can understand if the market is likely to appreciate, have good vacancy rate, has a stable economy, etc. Anybody have any recommendations for how to evaluate different markets in this way?

I am thinking of doing my first Turnkey and am interested in working with a company called Olson Group Turnkey.  I was wondering if anyone had any experiences with this company that they could share.  Thanks!

@Brandon Miller one way to know this is not the right move is that you can simply make more money by making a 20% down payment and putting the rest of your money in an index of the S&P 500 as that returns on average 10% per year and your mortgage rate will certainly be less than that.  Others have explained why it also pays better to take that extra money and invest it in more real estate.  Sure it exposes you to less risk to pay off your house, but most people don't invest in real estate b/c it's risk free, that's what savings bonds are for :)