All Forum Posts by: Matt T.

Hi Eve, 

If you are close to your properties, why not stop by and pick up the rent? This allows you a great opportunity to quickly check on the properties and connect with the tenants to ensure everything is running smoothly. I have a few properties that I live 15-20 miles from, and typically just make a route once a month to collect on them. 

Most online tools are going to charge you a % or transaction fee for their services. 

Thanks!

Hi Nicole, 

sounds like a great opportunity. 

Are you looking to live in one unit and rent the other? If so, it's important to gather as much insight as you can from the owner and or sellers agent, concerning the lease terms. I've seen folks purchase properties, that have tenants signed on for a year or so, but their immediate expectation was to evict/break a signed lease of one unit, so they could live in one, while the other offsets and provides the additional cash flow one would expect.

Hi Cintia, 

I'm not from the Jacksonville area, but I felt I got a great start on my licencing education starting online. Not only is it flexible, it's going to be easier to start, why you are on active duty. Praedo Institute is a great choice.

https://www.praedo.com/

Hi Daniel, 

Absolutely, I frequent Boston's back bay several times each quarter for corporate meetings. I've been looking into Mass real-estate myself, and have networked with a few real-estate pro's in the area. Each time I've connected with them, they've always provided advisement and insights on why now is the time to buy.  

If you find a great deal on a multi-family unit, don't hesitate to lock in a deal. 

Thanks!

Hello Wesley, 

My recommendation is Axiom Financial. Check them out here: 

https://www.axiomfinancial.com/

Thanks!

Hi everyone! 

When I was 15, I inherited a house from my grandfather that he paid cash for years ago, and has been rented for the last 6 years. I've saved up a pretty good cash flow, since I have no mortgage, little expenses and the taxes are relatively low. It rents at $950 and has the potential to be rented for $1000+

I recently got into a discussion with my bank manager, who told me that he had 17 houses, and went into a long story about how the first house is always the hardest to get under your belt.

If I were to purchase a second property, and potentially a third/fourth down the road, I would need to borrow funds from a lender, since I couldn't cash another one out. I've read about some type of "snowball" technique that involves using the cash flow to pay off the mortgage quickly, and then buying another house, etc. 

I was just looking for advice/insights on how I would accomplish the acquisition of a second/third property, when just starting out from someone who has experience in multiple rentals?