All Forum Posts by: Matt Millard

i did a flip with credit cards last winter that made $36k & was extremely stressful because we did most all the work ourselves besides foundation.

It kept my friend who did maintenance & rental rehabs & more from college away from bankruptcy court.

I had 809 credit score at the time & used 7 different cards & promotions to pay the whole $30k for the flip costs most was charged at Lowe’s for discount gift cards (highly recommend plus coupons) without the 3% fee.

I was able to pay off all the cards before crazy high 20%+ interest hit as it sold in days for good money.

Frisco is an extremely hot market in Dallas right now & way overpriced...

But during downturn may only drop 20% because of strong local jobs base nearby.

@Beau Fannon

Why I’ll never move there. I’m leaving TX because of poor prices & population influx.

@Michael Hamby

Any advice for house hacking near Flower Mound or nearby?

The property taxes alone wipe out the benefits of roommates or tenants.

Think I’ll just return to Oklahoma.

@Ron Singh

I recommend doing it passively in best syndications for least risks & highest returns. If you do it actively try the Mobile Home University with Frank Rolfe in Orange County. You rent the land. No ownership maintenance or moving homes. Good deal & good manager are key factors.

@Ron Singh

Syndication with $50k & lots of research. In this market environment & point in cycle I would stick with mobile homes.

@Chris Bernard

No especially if you live in Dallas or other big overpriced city.

Unless you can combine the two into a house hack project.

@Alex Spahman

Save $50k & do a syndication as a sophisticated investor. The experience will be priceless & guide you far beyond into your career both active & pastor.

@Rob Massopust

That downturn is coming in next couple years.

My investor & economics friends like Ron Paul & Jeff Berwick call it the Greatest Depression!

@David Tyrawa

That’s sad that people are now thinking $10 million. It’s all because of Federal Reserve evil money printing & interest rate manipulation.

The cycle is coming to an end soon worse than 2008.

Buy silver, real, estate & crypto!

@David Tyrawa

Move somewhere cheaper. My town has average house payment of $3,200 & I got denied a student loan refinance with good income & 807 credit score & no debt because of my area.

It sucks.

I put it all on 18 month zero interest credit cards to fight back!