All Forum Posts by: Matt Millard

I’m curious how many people in this forum are familiar with Austrian economics, free markets & the business cycle. Those are where the true answer lies, but it’s more art than science unlike past performance projects future Keynesian garbage!

Is there a point at which people in this forum would say it’s too high don’t buy? It seems the 2% rule isn’t even doable in the still cash flowing Midwest. Outside of house hacking & stable Midwest cities I would avoid this market as it’s not real estate that the real bubble this time. It & stock prices & student loans are the symptoms. This time it’s the dollar & entire federal government & corruption that will bring it down starting with big red flag areas like auto loans & student loans. It’s time for commodities to get their due from oil, silver to crypto! I’m prepared for a once in a multigenerational event & still know that the biggest bubbles take the longest to pop & go on far longer than you may expect or definitely more than the fundamentals. The tax cuts were just a little cocaine to keep things crazy!

I would stick with Oklahoma & Kansas. Much better cash flow & low property taxes!

I'm in Copper Canyon & would definitely come by& check it out...

Rei 2020 or formerly Roddy Roundup is the biggest & best & nearby in Addison! Good luck!

No rush. These businesses take a couple decades to provide fully passive primary income. Study & do it right. By after a crash or hustle for truly good deal!

I would say because of your location & where the market cycle is at that I personally would invest passively out of state. However, I would meet local investors & continue to learn as much as possible so when things shift you will be in the best position possible & not just financially although if you due proper due diligence & invest in a great deal you can out earn your own active deals. Depends on your skills location & timing though & luck. You also get better tax treatment. I have friends in Dallas that are active that make over 50% in less than a year through flips & more but I shifted from rentals & rehabs into starting a fund & we both do well. Easier to manage a passive fund than 500 rentals or a dozen flips at a time though & different risks/markets.

If you can partner with your Dad & pool together at least a $25k minimum I would highly recommend finding a deal as a passive lp in Texas or Oklahoma. When the cycle shifts find something active you want to do & get after it with your larger seed capital & experience.

As a millennial who went from growing up poor here in Texas to having a wealthier family today because of Entreprenuership I found this thread very interesting! I'll share a synopsis of my personal story. First I'll state that Financial Independence is not everything & even though it's happened already for me, I'm continuing to save, invest & grow so I can afford a family soon & run a non profit ministry that's faith focused with family & friends. There are many things I value more than money like faith, relationships, travel, food, experiences etc. I have friends from college in Oklahoma here in Texas now that make way over 6 figures & are on a financial treadmill & bored & stressed because they really dislike their career in law, etc. I was taught a lot about work ethic & Entreprenuership growing up & went from Lemonade & washing cars to running a substantial lawn service & having a variety of fast food/retail jobs as well in high school & many times 3 at once. I grew up interested in both value investing & stocks & mutual funds as well as real estate & was lucky to find a mentor early on. In college I got roommates & bought my 1st property through savings & help from parents. This led to learning the business hands on & writing my own leases, doing repairs & renovations, other property etc. By winning a business plan competition I launched an online business, worked another job & even took a year off school to become a resident. This allowed me to really grow & learn a lot & gain valuable experience. Finally, I kept learning after college & raised funds & eventually sold my rentals to start a passive fund which is an oxymoron in itself that hires the best & brightest operators & property manages in a wide variety of real estate from apartments to owner finance to assisted living, mobile homes & more. It's been a huge blessing & changed my life & allowed me to focus on new ventures especially outside of real estate & hopefully support a family & ministry soon. I love it & hope I die with this passion & it grows to a 100 & beyond if I get there! This is a great forum, app, service & post & it all has led to some great connections & helped me learn & grow too. Millennials have their issues just like every & any generation & a high income or great habits won't fix anything. Although blowing $50k on a luxury apartment, car payment & endless travel & going out is really not a wise lifestyle & limits your ability to be truly independent & give back! I drive a 2008 Focus with 125,000 miles & love it & frequently road trip the south for $100/week because it's community & unique experiences in after not lobster & heated seats with an empty room in the back. Next car is Elio from Eliomotors.com & I can already see myself in Maine next Fall!

Welcome & feel free to reach out!