All Forum Posts by: Matt Nusbaum

@Trevor Woodlief love the motivation and passion Trevor! You’ve got the background and experience now it’s time to make it happen. There’s been a couple good resources mentioned already. I would add the book multifamily millions and the Old Capital Podcast to your list. Once things open back up I’d attend a few multifamily events and start networking to find partners, deals and potential investors. Good luck!

@David Seale sit down with your wife and ask yourselves this question. What would our perfect day look like in 10 years? Start exploring and brainstorming what you want your life to look like. Then create a digital vision board that you can keep on your phone and computer background. Also print it out and laminate it. Each New Year’s Day my wife and I review and plan our goals for the upcoming year that tie back to our vision board. Print them out, laminate them and keep them in front of your bathroom mirror so you see them everyday.

@Ben Steelman nice recap! Wish we would have bumped into each other as well but there’s always next year! Whitney Sewell did a great job presenting what’s possible in just a few years with hard work and open mind.

@Tony Wallis Michael Blank has a good quick and dirty 10 minute offer process. Check out this link: https://themichaelblank.com/videos/how-to-make-an-offer-on-a-multifamily-deal-in-10-minutes/

@AP Horvath what are your end goals? This will help guide you with your strategy? Also, how much time do you have or are you willing to commit? What areas interests you? There a million ways to skin the cat with real estate investing. Personally, I would look at commercial investing. If you have the time (and desire) dive in and look for deals you can own yourself or partner with someone else who is experienced and can get you into larger deals. If you don’t have the time and desire then I would look to spread the money around into a few deals as a limited partner.

@Heval O. If it cashflow $200 after all expenses I would rent it. Have someone else help pay it off for you!

@Todd Powell congrats! Thank you for sharing your story in detail. Big inspiration! What is your W2? Is there a way for you can take a cut in salary for a more laid back role that will still provide health insurance?

Totally agree with @Trevor Ewen. What do you want to be spending your time doing? That’s the main question to answer. Weigh the pros and cons and figure out what’s the best fit for you.

@Austin Rivers a joint venture or JV would likely be best. I would work with an attorney to draft a simple partnership agreement and within that you can decide how you want to split the equity based on responsibilities. Make sure you have it written and a clear understanding on what the procedure is incase one of you wants to exit the business.

Hi @Sawyer Smith I would think of ways you could help free up their time. In any business there are certain tasks that can be delegated to allow you to focus more on business critical/revenue generating activities. I’d focus there. I’d also just ask them how you can be of value to them. I’m sure they will have some ideas as well.