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All Forum Posts by: Matt Magill

Matt Magill has started 2 posts and replied 3 times.

New Member Introductions

Post: MLB player excited to get started in REI

Matt MagillPosted
  • Posts 3
  • Votes 6

Right on! Thank you all for some tips. 

0 Votes
New Member Introductions

Post: MLB player excited to get started in REI

Matt MagillPosted
  • Posts 3
  • Votes 6

I hope everyone is having a great week! My name is Matt and I am supper fired up to begin my real estate investing journey. I love learning and growing and real estate has always been a passion of mine. I have been a professional baseball player ever since I was drafted out of high school so all my attention has gone there but I'm ready to dive in the game. 

I currently live in Phoenix AZ and the market here is crazy. I have been looking for good deals here and surrounding areas just so I can be more hands on and see it. (Tucson, Vegas, Albuquerque) 

Any advice is great advice! 

God Bless!

6 Votes
Buying & Selling Real Estate

Post: BRRRR An Existing Property I Already Own??

Matt MagillPosted
  • Posts 3
  • Votes 6

I purchased a rental property in 2019 with 20% down conventional loan. I have renovated it slightly and have had a good renter in the property for over a year. I recently have been learning the BRRRR strategy and had a thought of doing it with the house I already own. Thoughts on paying off the rest of the loan and then refinancing the property for the value of the house now. I bought the house at 277k and its now worth around 345k after appreciation. Would this be considered delayed BRRRR?

0 Votes