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All Forum Posts by: Matt Stricklen

Matt Stricklen has started 39 posts and replied 217 times.

Post: Secret's out. SA on California radar

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152
Originally posted by @Jon Schwartz:
Originally posted by @Matt Stricklen:
Originally posted by @Jon Schwartz:
Originally posted by @Matt Stricklen:

Developers looking this way...

https://www.mysanantonio.com/n...

Gosh...

Don't you have a new, state-sanctioned bounty to go earn?

 Whoa. What? No, I don't, and never would. And what a thing to say about someone, especially on a real estate forum. 

 No personal offense intended, Matt!

Except insomuch as you're part of the electorate that produced the government that produced such a terrible, despicable law.

There's a tragic new element to the California vs. Texas debate, to the question of whether it's worth investing in Texas, etc. Texas's assault of women's rights is horrific, and it's worth pointing out regardless of the forum.

You're going to say no personal offense intended and then double down?

Like a few million or more or more of my voting neighbors, I'm part of the electorate that is loudly opposed to the assault on women's rights. I'm part of the electorate whose lines are gerrymandered so as to protect the entrenched power and dilute my vote. I'm part of the electorate who is putting OUR money where YOUR  mouth is. You've just painted me and the entire state as though we are of one political accord. It's insulting to millions and if you had any self awareness, you would be embarrassed to have identified yourself as a simpleton.

Bigger Pockets is not the place to make your big brave stand. It's not the place, little napoleon. 

Post: Great equity increases near Gigafactory.

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

Congrats to anyone out there  I was not quick enough to snag a condo at Chaparral Crossing for under 200k 2 years ago.  https://www.kxan.com/news/loca...

Post: Secret's out. SA on California radar

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152
Originally posted by @Jon Schwartz:
Originally posted by @Matt Stricklen:

Developers looking this way...

https://www.mysanantonio.com/n...

Gosh...

Don't you have a new, state-sanctioned bounty to go earn?

 Whoa. What? No, I don't, and never would. And what a thing to say about someone, especially on a real estate forum. 

Post: Secret's out. SA on California radar

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

Developers looking this way...

https://www.mysanantonio.com/n...

Post: Couples in Real Estate Investing

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

Hi Jordan. We will be there. 

Post: Rent increases in the news

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

Several of us here have said rents will have to jump, and here it comes.

Anecdotal reports from KXAN of increases in the 40% range.

https://www.kxan.com/investiga...

Post: Backwards/ Retro Rental Calculator question

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152
Originally posted by @Brian Black:

If you are looking backwards you do not need a calculator generally as you just plug in the actual numbers achieved during the period for which are interested. You do not list the calculator you are using or where. I would look at the rates when you started, then compare the rates at the end.  Then look at the %. If you were collecting 1000 and are now collecting 2000 it is a 2000/1000 rate increase (200%) over a course of 6 years. 

Right, but you can't use that same rate to project forward for the next 20 years.

Post: Backwards/ Retro Rental Calculator question

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

Ok. Numbers people, please advise.

I'm working up a retroactive analysis on a deal, mostly to pat myself on the back but maybe also to show to later potential partners. 

In 2012 I purchased a duplex and house hacked until I moved out in year 6.

So the rent, with modest increases in the first 6 years is easy to calculate, but in year 6 it takes a big jump when I started leasing both sides instead of just 1 unit. 

So the question is, what is the best way to calculate the annual income growth as a percentage? The way the calculator is designed, that is a more or less constant rate through the lifetime of the deal, so I'm not sure how to determine that rate.

Any help is appreciated. 

Post: Are REIA’s worth the 100$ membership?

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152
Originally posted by @Rick Pozos:

Hey @Anna Marie Holland you might go to the meeting and see what it is like before paying the $100 or $200 or whatever. See if the group meets your needs, THEN pay some money because it will help you. And yes, there are lots of free ones around also. I have a free group that meets in San Antonio every month. @Simon Castillo was there last night. Some knowledge, but more to get to know some people a little better. I don't charge, but if I did, I am sure people would pay. I try to bring value to people. Seek that out in the meetings that you go to.

Austin REIA is set up such that the "free" portion is a short teaser at the beginning of the meeting, ( which you will be told you can only attend free once)then, to see the presentation they advertised, you get the slick and smarmy enticement as though you were being invited to the champagne room or buying bottle service in Vegas.

When I saw a man, probably 80 years old and probably desperate, fork over thousands of dollars to learn the "secrets," the rest of us learn for free, I had seen all I needed to see.

Post: Are REIA’s worth the 100$ membership?

Matt Stricklen
Pro Member
Posted
  • Investor
  • Austin TX
  • Posts 224
  • Votes 152
Originally posted by @Stephen Stokes:

@Anna Marie Holland as @Matt Stricklen said, unfortunately the Austin REIA has been taken over by a husband and wife " real estate guru" salesman named Phill and Shenoah Grove. The fee is not $100 it is actually $10k+ just to get in and $50k if you actually want access the Phill and Shenoah otherwise you get will get pushed to one of their "trainers". They brand their program as the "big dogs" and are mostly pushing folks to focus on areas outside Austin like San Antonio, Dallas and Houston. Really does not make sense at all for them to be allowed to run the Austin REIA but I am guessing the folks at the national level look the other way to this because they bring in fresh money.

I understand that this is usually not the case and most REIA's are wonderful. It actually pains me to know that this continues and wish we could somehow overthrow their rein on the Austin REIA.

I for one choose to attend some of the smaller format and free meetups. Dan Castro runs another group called “investor underground” which started as a Facebook page. Their group also has costs associated for the meetings but is probably a better place to look if you want a paid experience. I personally do not have any experience with them so cannot comment to the value but know others have said good things.

Agreed. The Groves' highest and best strategy is OPM. Caveat Emptor- You are the OPM.