All Forum Posts by: Matthew Masoud

 if they don't know how to handle it they will end up exactly like those lotto winners that lose it all.

I'd look at Ft. Myers. 

My first property ever was a house hack 3-unit in Cincinnati OH. Very getto area but I was living for free and cash flowing $300/month

Purchased it for $110k sold it a year later for $190k because I fixed it up while I was living there.

My first year in real estate and I already made more from real estate than from my full-time job.

 BRRRRs mostly. Purchased distressed property, Fixed them up and got market rents. Refinanced or sold then bought more.

36 units across 5 properties. 

Building generational wealth has nothing to do with actually passing down money.

It's passing down skills and habits to keep/create more wealth. 

Strongly disagree.

Yes your leasing, screening, and deposit is similar but marketing and operations are much closer to a hotel or STR than LTR.

Out of nearly 1,000 mid-term reservations this year across my portfolio, I have not gotten a single reservation from zillow, apartments.com, or craigslist.

Mid term rental guests are not looking at those sites. Furnish finder, booking.com, Airbnb and VRBO are your best bet for Mid-term.

You'll also want to have a direct booking site to build a relationship with insurance companies, hospitals, and travel agencies.

Our STR and MTR units in primary states are getting hit. (Florida/California).

Our STR and MTR units in secondary and tertiary states are doing quite well (Ohio, NC).

For a long time people could just throw up any property on airbnb and get reservations. That is gone for places where too many people put up listings.

Some areas are experiencing a supply and demand misalignment causing increases in vacancy and drop in rental revenue. 

Underwriting is the language of commercial real estate. 

Learning to speak it is critical in your conversations with sellers but more importantly how to know if a deal is a good one or a bad one.

Two people can underwrite a deal vastly different and come up with different ROIs, IRRs, and COCs.

Look at other's underwriting reports and study each category. Study assumptions they made and why they made them.

Create your underwriting spreadsheet over time.

I underwrite near to 100 properties per week and my underwriting changes month by month depending on where interest rate, cap rate, and future rent projections are going to be.

Commercial is the wild west of real estate. There are no templates for everything like in residential.

The biggest mistake I made was not learning the fine print.

Every type of commercial real estate is vastly different and all have their specific nooks and crannies. 

To be specific I had a retail owner screw us out of what was supposed to be a gross lease by putting a very low max electrical bill the owner will pay.

Specialize in one kind of commercial and become a pro.