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All Forum Posts by: Matthieu Feiguel

Matthieu Feiguel has started 3 posts and replied 4 times.

Post: Securities/Portfolio Backed LOC

Matthieu FeiguelPosted
  • New to Real Estate
  • SE Michigan
  • Posts 4
  • Votes 2

I am struggling to find institutions providing those services, couldanybody please name a few? I know of Fidelity/M1/WellsFargo but their rates are way above what is depicted here.

Post: Skip Tracing with minimal information

Matthieu FeiguelPosted
  • New to Real Estate
  • SE Michigan
  • Posts 4
  • Votes 2

Hi everyone,

Just looking to purchase my first property off market, I got a divorce list from the county clerk but it only displays names, not adresses. Any suggestion on how to batch skiptrace just using the names?

Also, how many months is relevant when pulling lists from the county clerk's office? I have pulled data from the last 6 months but I have a feeling that 3 months might be enough for probate/divorce (tax delinquency might be another story).

Post: New investor in Michigan

Matthieu FeiguelPosted
  • New to Real Estate
  • SE Michigan
  • Posts 4
  • Votes 2

Hey there,

My name is Matt and I am a 27 years old french engineer living in South East Michigan. I moved to Michigan from Paris, France in July 2019.

I discovered Bigger Pockets with YouTube. I have been a frugalist for a long time and I am now on my path to FIRE thanks to the teachings of MMM. Watching a lot of personal finance videos brought the BP podcast in my YouTube recommendations, I watched a few episodes and I was hooked by the power of leverage with OPM... Which can be done with stocks as well although I am not willing to go down that path.

Absolute newbie, I spent the last few weeks reading as much BP documents and listening to as much BP podcasts as I could
(1.5x speed is a fantastic tool!). I think I have now a basic understanding of the BRRRR process and would love to start applying the theory! What is more fun than learning and trying new things?

I read the BP Ultimate Beginner's Guide to Real Estate Investing and followed the suggestion to prepare a Business Plan which I will shortly summarize here.

Target: Buy a SFH to live in or a MFH to househack with my girlfriend (do not worry about the GF part, we have plans) in a good school district in SE Michigan. We are targeting mainly Royal Oak and Troy for now. Probably max 220k ARV for a SFH and 350k for a MFH. We plan to live in the house for 2-3 years and would turn the property into a rental when we move.

Financing: We are planning to either get pre-approved for a FHA/FHA 203k or get pre approved for a physician loan since my GF is a physician. The bottom line is we want to keep the downpayment as low as possible (FIRE, we need to keep buying those stocks). Any recommendations for a good credit union that would walk us through the pros and cons?

Timeline: Sign a deal before June next year. I dont want to rush into anything, the quality of the deal comes first.

Marketing Plan: I would get pre-approved before contacting any agent (I read on BP that it was better that way, feel free to tell me what you think). I found a couple ones that had excellent reviews on BP and plan to contect them once I am pre-approved.

Please, tell me what you think!

Post: New investor in Michigan

Matthieu FeiguelPosted
  • New to Real Estate
  • SE Michigan
  • Posts 4
  • Votes 2

Hey there,

My name is Matt and I am a 27 years old french engineer living in South East Michigan. I moved to Michigan from Paris, France in July 2019.

I discovered Bigger Pockets with YouTube. I have been a frugalist for a long time and I am now on my path to FIRE thanks to the teachings of MMM. Watching a lot of personal finance videos  brought the BP podcast in my YouTube recommendations, I watched a few episodes and I was hooked by the power of leverage with OPM... Which can be done with stocks as well although I am not willing to go down that path.

Absolute newbie, I spent the last few weeks reading as much BP documents and listening to as much BP podcasts as I could
(1.5x speed is a fantastic tool!). I think I have now a basic understanding of the BRRRR process and would love to start applying the theory! What is more fun than learning and trying new things?

I read the BP Ultimate Beginner's Guide to Real Estate Investing and followed the suggestion to prepare a Business Plan which I will shortly summarize here.

Target: Buy a SFH to live in or a MFH to househack with my girlfriend (do not worry about the GF part, we have plans) in a good school district in SE Michigan. We are targeting mainly Royal Oak and Troy for now. Probably max 220k ARV for a SFH and 350k for a MFH. We plan to live in the house for 2-3 years and would turn the property into a rental when we move.

Financing: We are planning to either get pre-approved for a FHA/FHA 203k or get pre approved for a physician loan since my GF is a physician. The bottom line is we want to keep the downpayment as low as possible (FIRE, we need to keep buying those stocks). Any recommendations for a good credit union that would walk us through the pros and cons?

Timeline: Sign a deal before June next year. I dont want to rush into anything, the quality of the deal comes first.

Marketing Plan: I would get pre-approved before contacting any agent (I read on BP that it was better that way, feel free to tell me what you think). I found a couple ones that had excellent reviews on BP and plan to contect them once I am pre-approved. 

Please, tell me what you think!