All Forum Posts by: Matt Nusbaum

@Joshua D Rodriguez First off let me say congrats for even thinking the way you are at a young age! That alone will separate you and put you on a path of success. How old are you? Are you going to school? Either way now is the time to educate yourself and network. Read anything and everything you can on real estate investing. Talk to anyone you know that’s in the game. Ask them for their advice. Figure out what path of real estate investing you want to go down. Once you know that, find a mentor who is doing it and then offer to work for free for them in exchange for them teaching you. At the same time you’re doing all of this you need to figure out a way to increase your income. As some have mentioned the quickest way to do this and what I recommend anyone do unless they are heading down the medical/law path is to get into sales. Specifically a sales industry where it’s possible to make 100k+. If you work to do both of these you’ll be jumping into real estate deals before you know it. Feel free to message me directly and I’ll be happy to help any way I can. Good luck!

@Vidit S. Amazing rate! I'd ask you how risk averse of an investor are you? If you want to hit your investing goals faster I'd say pay the minimum and then save for the next property. That said, if you'd like knowing your place is 100% paid off then tackle the mortgage. Just remember equity does not put food on the table every month. Cashflow is king!

@Jacob D Adamczak Do both! I was in a very similar situation when I first started and was eager to save for real estate. That said, don't pass up the free money! Put in the 3% and save anything after that for RE. 

@Yusef Griffin Also - Thank you for your service!

@Yusef Griffin Congrats! You've already separated yourself from those who just sit on the sidelines. You are well on your way to financial freedom! Sounds like MF is where you want to head next. Lots of good info out there and I'd be happy to chat with you anytime to develop a game plan. 

@Geoffrey Pritchett Congrats on getting started! You are well on your way to achieving your goals. As @Trey Brown mentioned you exceed the 1% rule so generally speaking you should be ok. That said, the devil is in the details so make sure to dig in further. How would you rate the location on a scale of 1-10? Is this in a good neighborhood where there is potential for appreciation? You likely wont hit it out the park here but a solid single to start off is great!

@Jonathan Li Congrats on getting to where you are! As far as next steps... GO BIG! Find a partner/investors and scale up into bigger MF. You've got the foundation already.

@Miranda Simon Think BIG/longterm, Find a mentor, Always be learning, Never quit!

Hi @Account Closed did a great job explaining your different options (What's up Jacob!). Any multi under 4 units is valued based on the comps in your neighborhood. See what level of renovations they have and see if it makes sense to upgrade. 

Hey @Rupesh Singh - DM me and I can connect you with a mortgage broker my team is working with. He's closed with several other investors in my network.