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All Forum Posts by: Matt Pettit

Matt Pettit has started 1 posts and replied 4 times.

Post: $70k to invest -want to jumpstart my REI career

Matt PettitPosted
  • Pasco, WA
  • Posts 4
  • Votes 1

Had to lookup the BRRR strategy, and yes, that is exactly what I want to do. I also love building houses, so see that as a way to build equity, and use that equity to purchase additional properties.

Post: $70k to invest -want to jumpstart my REI career

Matt PettitPosted
  • Pasco, WA
  • Posts 4
  • Votes 1

William - I have learned with my brief exposure on BP that networking with realtors is essential.  Its all about who you know.  My biggest issue is that I have yet to convince my wife to live in a "rental" grade house.  With the capital gains restriction eliminated, I could easily start building a smaller house, with hopes of selling it for a profit before completed.  Lots to consider.

Post: $70k to invest -want to jumpstart my REI career

Matt PettitPosted
  • Pasco, WA
  • Posts 4
  • Votes 1

Randy - would love to meet up sometime and talk strategy.  Closing and moving next week, so lets chat after Christmas time.  Thanks for the contact.

Post: $70k to invest -want to jumpstart my REI career

Matt PettitPosted
  • Pasco, WA
  • Posts 4
  • Votes 1
1st post in BP - I close (selling) on my current owner-built house next Friday, and will have approx $70k to invest. Want to owner-build again, but what would you do with the money? Buy and hold is my long-term plan .... thanks! Location Eastern Washington