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All Forum Posts by: Matt Nusbaum

Matt Nusbaum has started 5 posts and replied 228 times.

Post: Changing my Mindset - Any Advice?

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Vincent Pirrone congrats to you for having the courage to open up and share your story. Most would not be willing to. You have a terrific work ethic. Just keep plugging away and networking. Eventually you will make it happen!

Post: Small Investment for 17 year old

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Manuel Casanova Jr totally agree with @danny invest in yourself! You are already way ahead with the way you are thinking. Use that money for books and courses. Keep learning and always be networking. Build skills that will pay off big down the line.

Post: Multifamily investors in Birmingham

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Nick Eldridge id recommend getting plugged in and becoming an expert in Huntsville. That market is becoming increasingly popular and many investors are looking there. If you can be the go to guy (feet on the street) you might be able to partner with someone on a deal.

Post: Why do most syndications sell instead of long term hold?

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Kalen Jordan I agree with Bens comments about maximizing your ROI and getting out. Take your money off the table with the returns that were projected (or better) and then make a decision from there what to do next.

Post: I have a successful property portfolio-how do I get investors?!

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Joe Delgrosso congrats on the success so far. It’s normal to feel timid at first but you need to push through that in order to get to the next level as you mention for your portfolio. The more you do something the easier it gets. Remember you are not asking for money you are offering them an opportunity. I’d make a sample deal package where you can show potential investors what a deal would look like and what returns they may see. Network like crazy and reach out to your core network (friends, family, coworkers) first. Keep at it. It doesn’t happen over night but it will eventually happens if you stick to it. In addition I’d also read BPs book “Raising Private Capital” by Matt Faircloth.

Post: My RE plan while working full time. Need opinions!

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Anthony Brooks love it man! Keep at it you are heading in the right direction for sure. Also keep working hard at your W2 and push for a raise or two during those next few years. Keep your expenses where they are (or lower) and use that extra cash from the raise to accelerate your plan!

Post: Is it really worth it telling people your real estate goals?

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Mike Jacovelli @Mike Dymski nailed it. Bring it up and gauge interest. From there go deeper if it warrants it. Not everyone if going to “get it” so just do your thing and move on. If you start to surround yourself with more like minded investors you’ll be able to talk to more and more people who understand what you’re trying to achieve. I wouldn’t say it really makes a difference whether you tell 100 hundred people who don’t care vs 5 people who do and will hold you accountable. Do what feels right.

Post: Finding a Mentor. Taking business to the next level.

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Charles Borrelli congrats on the success thus far and wanting to take it up a notch! What do you consider next level? What is your goal/vision of where you want to go? I would get clear on that and then find investors who are at what you consider "the next level" and begin reaching out to them. Make sure you're always adding tremendous value to them either through sweat equity or paying them for their time. Go to them with ideas on how you can add value to their business. Investors are always looking to grow by finding more deals or more money. 

Post: Just paid $4000 for 3day workshop. Thumbs up or down?

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Jeremiah Akindele I'm all for paying to increase your education but need to make sure you will see the ROI. For $40,000 I better see some significant returns! There likely are better ways to use that 40k but if you know others who have been through the program and are succeeding then maybe it's worth it. The more expensive the more research I would be doing and the more referrals I would speak to.

Post: Dave Ramsey on real estate

Matt NusbaumPosted
  • Rental Property Investor
  • Annapolis, MD
  • Posts 232
  • Votes 170

@Collin Vosburgh Dave’s target audience is people who are in real bad financial shape and in desperate need of a wake up call. I actually wrote a blog post on how I think Dave is way wrong here. For people just starting their financial journey he’s a great resource but at some point, once you’re in in a good spot it’s time to move away from his strategies and into something a little more sophisticated. BP is great for this!