All Forum Posts by: Morgan Madill

Hey @David Krulac , in the past couple months have getting more familiar with the area around here. Still have yet to find a REIA that is meeting in person. What is your opinion on the New Kingstown village?

@David Krulac thank you I will check those out and will give that episode a listen!

Hey BP,

Does anyone know of solid REIAs in the Carlisle, Mechanicsburg, Harrisburg area? Looking to get plugged in with a solid group of people involved in the real game in the area. New to the area and real estate investing.

Global pandemic, civil unrest, irrational stock market, and an unleashed fed making the money printed go BRRRRRRRRRR.. With interest rates being kept so low and money pumping by the feds, inflation seems to be the logical result eventually which in turn should result in a the fed upping interest rates, driving down demand for RE which may quickly become illiquid, pushing property values down.

With all that said I’m curious to hear BPs opinion on what point we are in the cycle? On both a macro and micro, what you’re seeing on the local market level.

Thanks BP!

Check this video out, he has a good explanation of migration trends and what (and why) states are looking to be hot and trending up. Stumbled across this fella pretty recently, his fundamentals are good from what I've seen so far. If you watch the video let me know what you think!

https://www.youtube.com/watch?v=3LVMIZZv4vE

@Luke Anderson good to hear someone having success in long distance buy and hold! I’m working on the road (pays very well for W2) stacking away the capital and right now it looks like long distance is going to be the way it’s going to be for me. Just curious but what got you to invest out of state vs your own back yard?

@Jaden George I'm 22 and I'm working on doing both, my thought process is the banks will like to see a strong asset sheet, a Roth IRA will help with that!

Also if you end up going into W2 job for work check out what's called an HSA plan vs PPO. Basically instead of paying a high monthly fee for insurance and bunch of coverage, get less coverage but be able to build a saving account for medical expenses (that get this, it's the best part! You can use to purchase stock just like Roth IRA). Not a bad idea for a younger person who might not have too many medical bills/visits.

@Kirk R. Healthcare is one of those big things I’m going to want covered when I exit the W2 world. What do you know of with the midsized investors or 1099 folks doing for healthcare?

Right now I’m preparing by being on a HSA plan vs PPO with my employer. The higher deductible can get you if you have an emergency/go to the doctor a lot however those funds can be invested in the market and they carry with you to another employer or even if you don’t have a job!

Regardless when I have a family to take care of down the road having good health insurance is going to be very important as I “stick it to the man” and exit the rat race.

I'm in the same boat, currently working on the road as a safety engineer living off of that sweet sweet per diem in construction.. It's quiet a challenge investing while moving around the Southeast every few months. Are you on the road as well?

Hey Jonathan,

I'm looking to build a cashflow portfolio through the BRRRR method which will allow me to exit the 9-5 grind by at the latest 30 for me (got 7 years). I'm currently working on the road in the industrial construction field and am able to put away sizable amounts of capital (In regards to W2 income). I'm putting in 55+ hour weeks at work and coming home and hitting the books, studying the markets, building the business plan, and looking deals.

Would you recommend sticking it out at the W2 job for a few years? There are crazy hours and unpredictable moves around the Southeast every few months which adds a layer of difficultly to this investing strategy.  Strategy is to build a portfolio up in a selected market from a distance while working on the road. Once rental income is enough to supplement a comfortable lifestyle and still be able to put away large amounts of capital while working W2 with less hours or getting into real estate sales.

My big question is grind it out here and save (invest) 50k annually on the road with this crazy W2 job. Or get started in single market in RE sales which allows for a 1099 income which is able to be scaled but will more than likely extend the time I get my first investment due to learning curve/ramping up the sales?

I don't want to put the cart in front of the horse if that makes any sense, I intend to springboard off my investments to go full time into continue scaling investment/RE sales business. Unsure to invest before or after getting back into RE sales.