All Forum Posts by: Matt "Roar" Gardner

@Brian G. - I'll vouch for @Jossalyn Wallace as an agent - She's fantastic!

@Steven Wachtel - Thanks for the shout out! You are correct that most condos are warrantable, but don't forget for the military investors -- Non-warrantable does not mean that you can't use your VA loan on it. (The opposite is true as well. Just because a condo is VA-approved, that doesn't mean that it is warrantable.) --

To see if a condo is warrantable - Check out the VA website. It's pretty straight foward: https://lgy.va.gov/lgyhub/cond...

Best of luck!

@Mariah Myers - Are you looking to increase your LTV? Or are you planning on putting down 20-30%? I'm just trying to clarify what your goal is.

@Kyle Momany Thanks for the shout out! 

@Brad Johnson and @Carl Davis - I have had about 5 SkillBridge real estate interns at this point, and it's been a win-win for both me and the military member.  It's really a fantastic program!

@Carlos Garcia - Thanks for the shoutout, my friend! I hope your investments are continuing to rock and roll! 

@Gbenga Okusanya - You'll definitely see a common trend of regions popup in these forums (Smokies in TN, Florida Panhandle (Destin/Panama City Beach), Orlando, etc.) -- These areas consistent producers, but you could really succeed anywhere.  As an agent and investor, I'm biased to the Destin area personally; however, I have plenty of investments in other locations.  I'm sure you'll crush it wherever you land; just make sure you get the support to set you up for success!

Join us for our monthly Real Estate Investing (REI) Meetup! Invite any Investors, Realtors, Lenders, etc. This will be a great opportunity to teach, learn, and network!

We've also had loads of interest regarding eXp Realty -- feel free to come and ask about this game changing brokerage!

This will be a low key event - Order yourself some food/drinks, and come & go as you please.

Please RSVP, so we are able to reserve enough space for our group. 

Just to reiterate the great advice so far, it depends...lol 

If you want consistency, a downtown STR in a bigger metro will probably provide that for you; however, you'll have to battle the regulations of a city which seem to be always changing.

As an agent and investor in the Destin and Tampa markets, I like how they are regional, drivable destinations.  I accept that the returns will be seasonal, but even seasonal destinations can produce fantastic returns! 

I wish you the best of luck!

@Samson Paturi - It sounds like you're at The Palms of Destin from your description - If so, great choice :) As far as stressing about what could happen, I recommend just focus on maximizing your investment in the near term.  If another 2008 recession happens, I expect we'll see a slow down, but nothing too catastrophic.  We are a regional, drivable destination in Destin FL, so if a recession were to hit, the more expensive, luxury vacations will be the first to be affected (i.e. destinations where you need to fly), but people will still want to go on vacation.  We'll be alright ~ 

@Ross Gallo - To answer your question, I think it depends on your market.  I don't know Joshua Tree personally, but if it's like the panhandle of Florida (regional location for vacation like I described above), you should be fine.  If it's heavily dependent on one business (i.e. oil worker, traveling nurses, etc), you may be okay depending on if/how that industry is hit during the downturn.  Regardless, my initial advice holds true - focus on maximizing current revenues.  Stressing about the future 'what ifs' won't help anyone.  Just ensure that you have adequate reserves if/when the bad day hits -- My personal reserves for all of my investments is 6 months of expenses. 

Best of luck to both of you!

Join us for our monthly Real Estate Investing (REI) Meetup! Invite any Investors, Realtors, Lenders, etc. This will be a great opportunity to teach, learn, and network!

We've also had loads of interest regarding eXp Realty -- feel free to come and ask about this game changing brokerage!

This will be a low key event - Order yourself some food/drinks, and come & go as you please.

Please RSVP, so we are able to reserve enough space for our group

 I totally get it! If you choose to NOT self manage and use a PM in this area, it is definitely difficult to cash flow.  I would say that 90% of my clients choose to self manage, and most of my clients are remote investors.  It's just a matter of getting your systems and tools setup along with assembling your local team (i.e. cleaners and handyman) -- You can do it!