Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
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: Matt Stricklen

Matt Stricklen has started 39 posts and replied 217 times.

Post: Newbie Real Estate Investor Meet up

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

The 8/11 meeting was a good one. Thanks for hosting @Eric Ruiz I hope it continues to be a great resource for everyone. 

Post: @Message Issue

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

7 year old post and I'm having a terribly frustrating time with this today :(

Post: TAX ADVISOR NEEDED FOR TAX STRATEGY

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

similar story here. Following your post to poach off of recommendations you get haha.

To other readers- when did you make the jump from trying to figure out taxes etc all on your own to a professional?  I have to make the overall cost ( and I know that there are risks and costs associated with not having it professionally done) jive with my cash flow and profitability, and many of the people I have spoken with are costly when viewed through that lens.

thanks for bringing it up @Brent Wallace

Post: What to put in a contract for your GC ?

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

I'm trying a timely completion bonus- wherein completion by a certain date pays the GC a bonus, with the flipside being that each day after, a deduction equal to each days' holding costs will come out of the final payment.

Not my idea of course, got it from David Green's BRRRR book.

Post: THIS YEAR YOU NEED A 12% NET NET RETURN ON YOUR REI TO BREAKEVEN

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

My economics prowess fits in a thimble, so this question is probably out of my league.

but...

Is appreciation also an upside along with low interest rates? If appreciation outpaces inflation, are you protecting your dollars?

Post: How much does a new roof effect the ARV on a SFH

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

Hire an inspector. 

Post: Duplex Vacancy Rent or Renovate?

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

Covid throws extra question marks into everything, but we have been lucky with our duplex and signed new leases in the fall a couple of times. I'd say chances are better in Austin than elsewhere. Also, the normal summer patterns are disrupted anyway- people wanting to get settled somewhere before school starts- well, what does that even look like this year?  Maybe after the rehab you could offer a short term lease at one price, or a longer term to better favor you on the calendar?

Post: Austin Mom & Pop Investors virtual meetup August 2020

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

Glad to see the interest in tomorrow's event. We start at 6 pm central time. 

Post: Introducing Myself to BP and REI

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

Welcome and all the best to you on your REI journey!

Post: Everything's( including TESLA) Bigger in Texas

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152

Maybe they'll give all of us who live in the TESLA zipcode free solar.