All Forum Posts by: Matt Nusbaum

Hi @Jarod Blackowiak welcome!

@Jingru Sui made some great points. Number 5 especially!

I would get around as many different investors and events as possible as others have mentioned. I’d also continue to hang out on BP, listen to podcast, and read as many books as you can. Then decide on which strategy to focus on and go deep there. Find a mentor who is succeeding at the niche you want to focus on and let them guide you through your first few deals. Set goals, take action, keep learning, keep networking.

@Benjamin Kruah if you’re looking at commercial MF (5+ units) the bank is going to look at the property itself more so than you. This is one reason why investors move into commercial because the financing is based on the properties financials and not them personally. There are certain other requirements such as net worth and liquidity that come into play as well. You can work with others as a team and meet these qualifications together.

@Ingrid J. Love it! My goal is 25 books this year. I’ve read six so far. Currently reading “Can’t Hurt Me” by David Goggins. I always take notes when I read and then afterwards find the 1-2 takeaways that I will implement in my life. Always take action from what you read!

Hi @Mathew Fuller I see you’re a software engineer. That’s a great profession. I would say it may be more worth while to focus on increasing your W2 income than looking for another small side hustle (since you’re already investing in real estate on the side). Maybe think about other career moves to create a big jump in income such as moving to another company, moving into management, or moving into a software sales role. I know a lot of engineers who have made the jump to sales and they are rockstars. Good luck!

@Esther Ghebremichael based on your response of having high income potential as a dentist and no desire to become a landlord yet a strong desire for passive monthly cashflow I would suggest researching into passive real estate syndications if you have not already. All the benefits of real estate with none of the headache. I’m happy to talk further with you if you’d like based on my experience just PM me.

@Esther Ghebremichael what year was the property built? Knowing this will help with maintenance assumptions. You’re rate on it is great which may make me lean towards keeping it if it’s newer. That said, think about your long term goals and what type of investor you are. I myself am a passive investor and don’t like to be bothered with property management so if I were you I would sell and roll the profits into a passive real estate deal but if you’re looking to learn about being a landlord then maybe you hold on to it. As another gentleman said, you are in a good place and have options! Good luck!

@Jonathan Salazar Hi Jonathan. Congrats on making the decision to get into real estate investing! I would save as much as you can, go to your local REIA meetings and meet ups, and learn learn learn. Read every book you can about real estate. Listen to every podcast you can. Just be a sponge soaking up knowledge. Once you feel like you have a good understanding decide which niche you want to focus on. From there find a mentor who can help guide you or possibly partner with you on your first few deals. Good luck and never give up!

@Carlos Arias what is the student debt for? With 170k I’m assuming you now have a high paying job? Dr or lawyer? If so I’d work on tackling the debt quickly which shouldn’t take too long if you have a high salary.

Hi @Christopher Nemlich is there a particular reason you would like to structure it this way? I understand increasing your diversification but I would argue that it may be more headache than its worth. As I'm sure you know, one of the main benefits as a passive investor in syndications is diversification. This obviously, would take it up another level but as @Account Closed said you and your partners may (and likely will) have different opinions on what to do with the funds. As a passive investor myself I would never want to make this sort of arrangement. That said, I'm sure its possible. Just make sure to speak with a good attorney to set everything up. 

@Cameron Lam wow congrats - Big time stuff! Would love to chat further!