All Forum Posts by: Matt Lane

Well, I have a friend that owns a company and he has some good engineers that work with him and they were going to do it for $750.00. BUT he’s so hard to get 5 minutes with and is hit/miss on getting in Touch with him. I’ve been waiting 2-3 months for him to get me with them , I’m frustrated now and ready to get it lined up myself…… I just can’t get the original price out of my head. Ha

I’m looking into building a 200-300 unit mini storage facility. I have the land, I am needing to get it rezoned AND am needing a site plan done to submit. I was quoted $5000. Does anyone here know anyone I can contact to have this done ?

I’m finding 7.5% rates on the properties I’m looking at purchasing. That pretty much wipes out cash flow. 

When do you choose appreciation over cash flow?

Specifically, buying properties in college towns and renting out to students 

I am looking into mini storage buildings. My initial question is about the contract/forms that anyone renting the storage unit would have to fill out. Are there templates or does anybody have a template that I can look at or possibly use?

Rental property…. I’m under contract on a condo and just had another opportunity “fall in my lap”. I’m wanting to get as many cash flowing properties as I can. I’m 47 and want these properties to cash flow my retirement in 10 years. 

I am struggling with determining how much money to put down on any specific property. I have always heard it’s best to use other peoples money but with higher interest rates would it not be smarter to put a bigger down payment down to have a smaller mortgage and a smaller payment?

I’ve purchased a condo and was curious how you get paid….. I heard it was a bad idea to have it “venmoed” and to always get paid by check. 

What is the best way?

* I'll be renting it out to college students. I purchased it in my name but will be moving it over to my LLC.

That is solid advice but I am actually buying a new mobile home and having it moved into the mobile home park. It is in a college town and should have no trouble being rented. The mobile home park is giving me $7000 for keeping the mobile home in their lot for at least four years. 

 The reason I am getting into investing is to make money and not have to pay taxes. I Pay a bunch of taxes down and want to avoid that in the future. I would like a CPA to make sure to save me money and that follows Tom Wheelwrights way to do that. What questions did you ask your CPA to make sure he was doing all he could to save money.

I should be cash flowing enough. My plan is to buy a bunch of mobile homes in college towns and rent them out. Pay them off in 2-3 years and even though they’re depreciating I’m making good money. Kids are gonna go to college and mom N dad are gonna pay