All Forum Posts by: Matthew Morrow

@Nicole Yarde - PA is full of opportunity, but also caution. You'd want to know the market you anticipate investing in. As with any area- investing can be hyper-local and finding someone knowledgeable is a must. 

We are in eastern PA, Lehigh Valley / Allentown Area and its one of the few places in the state seeing positive population growth and a rapid influx of people under 40yrs old. (All Metro Statistical Data). Heavily sought after by investors for this reason and others. Although the market is still quite hot - but cooling- we are seeing many opportunities for investors of all levels. Please let me know if you'd like to connect and discuss more. 

Your COC is essentially the metric to use when comparing RE investing vs other asset classes. 100K cash into a home, or 100K into gold, bitcoin, Vanguard, etc.
The the only true comparative metric to other investments. But the guys are right- your BRRR model is infinite COC if you pull all the $ out plus some.

Lots of variables here- what does your contract say regarding inspection contingencies and associated timelines?

Having all your data in one place is critical to underwriting a deal. Having a spreadsheet is a great start, and you'll refine it as time goes. Make sure your agent not only understands investments, but is actively and investor themselves and clearly knows your market. For remote investing- you put significant trust into the local agent, but always do your homework. Call around, ask tough questions, and dont be afraid to be told "no."

Listings without pictures are a red flag.  It never hurts to ask for pictures or more data from sellers, agents, or anyone who will talk with you. Even social media and google can reveal a lot.  

Find an agent in your indented area- interview them (and several others to compare), and always trust but verify the info you get. Forever lol. 

Good luck!

Zillow as much as i hate to say it...has been the most solid tenant placement tool for us. 

Awesome! Keep at it- youre taking action which WILL eventually pay off... I once did door knocking in my hometown handing out my new flashy business card once licensed...brutal 100 degree day- the last thing i wanted to do was go outside and door knock. Well- 3 months later one of my neighbors came to my door with my card in his hand. He had an off market deal that turned into a BRRRR which we rented and then sold to the tenant (and good friend) for a 100K profit....Never know where your efforts will go. Just dont stop.

 Dude this is an awesome post. So glad you're on the forums asking questions. Lots of people on here to connect with and discuss their particular situations.

I think you may be in a great position to drive for dollars or start door knocking or direct mail marketing to maybe get a lead off market and with more control. We discussed this in brief earlier. Need to have a clear and profitable plan for your $$$ right now as things change. 

@Eric Prescott- Tom and his team are great. Highly Recommended. 

 Thanks for the info Bruce. Appreciate the insight. They are set on Real Estate for various personal and professional reasons. If it changes, i'll surly reach out.