All Forum Posts by: Matt Maitz

@Brandon Plombon its in Southern Maine in Saco. Sorry for late reply still learning how to navigate this site. 

My math is off…I realize that can’t figure out how to edit post from mobile.

Curious how people replace their income…seems like $100-$250/door is good/average from what I’ve been reading. I’m having a hard time finding $200/door +/- but using $200/door to make an average income of $48k/yr you would need 240 doors.

I don’t think most people are striving to make $48k/year and 240 doors seems like way more than the majority of the people in these groups.

My first goal is $1700/month, then $3200/month and I just don’t see a clear path to get there. I see a lot of people making WAY more and claiming they did it in a 1-5 years.

Can anyone that’s accomplished these numbers give me an idea of how you got there? Idk what to focus on to hit my goals and ultimately I would like to get to $10k/month for financial independence and then $20k/month for financial freedom but I really can’t wrap my head around how people hit these numbers and especially without having a TON of disposal income.

If you’ve started from scratch and made it I would love to hear your story and any advice you have for someone starting out.

More about me:

Sole provider for family, good income but minimal savings/disposable income to invest at the moment. High risk tolerance but young family of 5 so need to be more risk adverse than I’d like to be. W2 takes up a lot of my time, then family but have mornings and nights to learn/work. I want to set goals but don’t know right way to set them or what’s a reach/realistic…any advise would be greatly appreciated.

I found two multi family properties that the seller is willing to seller finance the down payment but I can’t find a lender who will allow it. Looking for suggestions on lenders or ways to structure the deal to make this work…

Please let me know if any additional information is needed to make a recommendation. Thanks for the help!

@Kenneth Garrett thank you!

I can’t figure out how to edit my post but I put the wrong rent…rent across the 4 units is $6700

I’m looking at a 4 unit that doesn’t “need” anything but everything is dated…

Asking price: $669k

12 bed

4 bath

Total rent $3100 between the 4 units

Delivered occupied

Taxes $7800

Insurance 3400

Built 1900

I’ve been playing with the numbers and they look decent however he said he would be open to owner financing and not sure how to structure that offer…

Owner says it doesn’t need anything and price seems reasonable so with this limited information how would you suggest putting together a owner financed deal? Am I missing any key info that would help with the offer?

Appreciate and and all advice!

Thank you

@Jen Whitehead are you a realtor by any chance? I’m new to Maine and very close to you. Looking to connect with a realtor in the area. I’m just north of Portland and don’t know the area well at all.

@Yuriy Skripnichenko thank you!

Hey everyone, new to the site and loving it so far. Still trying to figure out how to navigate so If this is something that’s been covered 100 times a link would be helpful as well. We just bought our first rental property and found tenants in Philly. Trying to put together a lease and talked to a few people and also used legal zoom, eforms and law depot. They were all a little different so was looking for some advice on making sure my lease covered me as well as anything specific to Philadelphia that might not come up in the templates. Appreciate any and all advise!