Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Matthew Morrow

Matthew Morrow has started 50 posts and replied 416 times.

Post: New Landlord to W. Philly

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Desati Nyanwleh:

Hi there!

I'm a private landlord, new to the Philly market, and I'm eager to connect with another experienced landlord who can guide me through this thriving market. I'm open to phone calls, FaceTimes, and meetups—whatever works best!

A little about me: I'm a two-time combat veteran with the US Air Force. Looking forward to connecting and learning from you!

Best, 

Mr. Desati "Des" Nyanwleh, MBA (STEM)

Hi Des! 

Welcome to Bigger pockets, and thank you for your service!

I noticed your post was in the out-of-state investing forum, are you remotely investing? Or from Philly? 

Our team covers Eastern PA from Philadelphia all the way north through Allentown and the Poconos. Would love to connect.  

We host a local meetup and our team of investor agents operates in this market. 

Shoot me a message on here or my contact info below 🍻💪

Post: New to Bigger Pockets and Real Estate Investing

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Collin Reichelt:

Hello Everyone,

I am Collin Reichelt and I am a military officer with over 20 years of  service in the U.S. Coast Guard, specializing in Federal Law Enforcement and Emergency Response. I commissioned in 2019 after 14.5 years in the enlisted workforce. I have served across the U.S. and overseas, developing expertise in strategic mission planning, operational leadership, crisis management and strengthening global partnerships.

I am now eager to meet and collab orate with business professionals to start building my real estate portfolio. I am excited and ready to listen and learn everything I can to be successful. 

I am especially interested in learning to master the BRRRR method, but also ready and willing to use traditional methods to build my portfolio. My 10 year goal is to build at least $20,000 a month in passive income in order achieve some financial freedom, but I also see real estate investing as my true passion post military. I am looking to make this my second career (what i really want to do when I grow up) and I am excited for the future business relationships and friendships that are certainly to come. I am currently in business school at the University of Southern California and plan on getting my real estate license once I graduate in May 2025

I am humbled by the experience and wealth of knowledge that is on this platform and I look for forward to getting started with your help


 Hi Collin,

Welcome, and thank you for your service! 

It’s great to see your enthusiasm for transitioning into real estate after your impressive military career. Your experience in leadership and crisis management will definitely serve you well in this field.
As you pursue your goal of mastering the BRRRR method and building a passive income stream, consider exploring multiple markets and being open to how your assets might look. Don't be afraid to take calculated risks and learn from your experiences, even if it means not making huge profits right away. Stay away from gurus and people who charge you for their "expertise" in the beginning so much free info out there

Its exciting to see how investors grow in this journey, and I’m sure you’ll build valuable connections along the way- Bigger pockets is a gold mine. 
We have a ton of BRRRR experience and our team helps new and experienced investors do this every day. If there's anything we can do to help, even just simple questions/ reach out!

Good luck 💪🍻

Post: 2 rental properties, one single family home I am renting? house hacking?

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Kristi Pratt:

Hi there, 

My husband and I both purchased properties in 2019 before meeting each other. I rented out my condo (short term - midterm) to move in with him, and now he is ready to rent out his single family home (long term).  We are considering renting a home in the neighborhood we are interested in buying in, to test it out for a few years. By renting out both of our properties, we will generate enough income to cover the rent of our new home.  We both also have full time jobs.  We have $50k set aside for emergencies related to our rentals.  

Is this a unique form of house hacking, where the rental income from our owned properties covers the rent of our new rental home?

Are there any potential issues with this plan?  Thanks all for the help.  

While renting yourself, although technically not house hacking, I guess it could be considered living  for free if the cash flow from your other rentals pays for your current rent? But you are not building any equity renting your current place.

Just keep a few things in mind: make sure the rental market can support your income goals, be prepared for the time needed to manage multiple rentals while working full-time, and stay aware of any lease terms that could affect your plans. Your emergency fund is a great cushion, but be ready for unexpected expenses. With careful planning, this approach can work well for you! 

Post: How to connect with local investors?

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Lane Mcdonald:

Being only about a year into my investing career I'm still very green and don't have many re investing relationships other than my loan officer and realtor. I hear and read time and time again that it is very beneficial to be in the same room as people that are where you want to be financially but I don't know how to make that happen exactly. First of all, my town and the ones surrounding are pretty small and don't have much for events for these types of people often enough to make a huge difference. I have contacts with a couple of bigger investors in my area that I would like to get in touch with, but I fear I have little to offer for their time. I'd like to think most people are kind and would give me the time of day but from their prospective I'm just some 19yo kid who's going to waste their time. Even if they did give me the time of day it doesn't seem very fair that I can't offer much to them in return. I know it's not all about the tradeoffs, but I also don't just want to be a leach to them. Any advice would be appreciated! :)

It's great that you're eager to connect with experienced investors! Start by reaching out to those bigger investors through a friendly email or message, expressing your admiration for their work and your desire to learn. Be honest about your current situation and ask if they’d be open to a brief chat or coffee. You might be surprised—many successful people enjoy sharing their knowledge and helping newcomers. You can also offer to assist them in small ways, like researching properties or helping with social media. Consider joining online forums or groups related to real estate investing, where you can network and learn from others. Remember, everyone starts somewhere, and your enthusiasm and willingness to learn can be your biggest assets!

Post: Looking for knowledge

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Kevin Smith:

My wife and I are in the very early stages of real estate investing.  We're looking to learn and begin our journey. 


Welcome to the journey! It’s great to see you and your wife taking the first steps into real estate investing. My advice would be to start by educating yourselves through books, podcasts, and connecting with local investors. Don’t hesitate to ask questions—there’s a lot to learn, but the community is here to help. Feel free to reach out if you need any guidance along the way!

Post: Newbie

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Angie Vance:

My partner and I are fresh into the real estate investment market and want to learn as much as possible. I am looking forward to any advice you may have (besides avoiding those high priced education seminars.....we already did that) and learning from anyone who is willing to teach us.

Thanks!


Welcome to the world of real estate investing! It’s great that you’re eager to learn. A few tips to get started: focus on networking with local investors, attend meetups or join online forums, and consider reading books like "The Millionaire Real Estate Investor" or "Rich Dad Poor Dad." Also, hands-on experience is invaluable—start with a smaller property to get your feet wet. If you ever have questions or need guidance, feel free to reach out. We’re here to help!

Post: Finding Relevant Expense Figures

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Ahmed Aboelela:

Hi, I'm Ahmed Aboelela, a rookie investor looking to make meaningful connections in the real estate community.

I'm eager to learn from your experiences—what strategies or processes do you use to determine expense figures in your market?


Thanks!



Hi Ahmed,

Welcome to the community! As a local team lead focused on investment real estate, we often start by analyzing comparable properties and historical data to get a baseline for expenses. We also factor in local market trends, property condition, and management costs. Networking with local investors and professionals is key—I'd be happy to connect and share more insights. Feel free to reach out anytime!



Post: Looking for great lenders in Allentown PA

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Geoffrey Paugam:

We need good lenders with competitive interest rates who will fund our multifamily deals.


 Hey Geoffrey,

We operate a investor agent team out of Allentown. Would be glad to connect you with our local and proven sources here that consistently get deals done. Depending on your asset class / deal specifics there are different lenders for each.

Please feel free to send me a DM, or use the contact info in my profile.

Talk soon!

Post: 30 Day Closes a thing of the past? Vendor Issues piling on as market shifts- Thoughts

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159
Quote from @Russell Brazil:
Quote from @Matthew Morrow:

(Eastern PA) 
We've been noticing some trends lately and waned to see what everyone else is experiencing... It seems like 30-day closings are becoming less and less common. More issues arising with insurance, underwriting, appraisals, and more. Is anyone else feeling this?I know we deal alot in the non QM space, and that's part of the issue, but overall vendors are having trouble performing in the timelines for some deals. 

We've set up a series of checks and balances to avoid these delays, but curious as to your thoughts.


 Last 2 financed deals we had we closed in 2 weeks.


 Thats awesome. Dont get me wrong- they do happen here also. But we've experienced a huge change in underwriting for non-qm style products, and anything over 5 units is severely delayed. 

Post: 30 Day Closes a thing of the past? Vendor Issues piling on as market shifts- Thoughts

Matthew Morrow
Posted
  • Investor
  • Pennsylvania
  • Posts 421
  • Votes 159

(Eastern PA) 
We've been noticing some trends lately and waned to see what everyone else is experiencing... It seems like 30-day closings are becoming less and less common. More issues arising with insurance, underwriting, appraisals, and more. Is anyone else feeling this?I know we deal alot in the non QM space, and that's part of the issue, but overall vendors are having trouble performing in the timelines for some deals. 

We've set up a series of checks and balances to avoid these delays, but curious as to your thoughts.