All Forum Posts by: Matthew Masoud

Yeah I would not give up that rate in a market like that.

You may want to consider moving to a smaller home and Airbnb this home full time. 

When it's not booked you can still enjoy it.

Not ideal but financially responsible. 

Sounds like a beautiful home. 

Insurance companies don't like it. Make sure there are no surprises there. 

If you're looking to do it simple and free you can use Google Forms. Your management software could possibly offer that feature. 

Make sure you are cash-flowing after taking into account all the expenses and saving for future repairs. 

Cash-Flowing duplexes are hard to come by in a market like Austin.

Hopefully, you have a good relationship with your family so you can rely on them if necessary but you can absolutely manage long distance if you set up the right tools and have the right relationships. 

Yeah it's mostly sifting through lots of bad deals to find the good one.

First is finding what a good deal looks like, then going out there and hunting.

I'd wager I've spent thousands of hours on Loopnet, redfin, and Excel looking for deals with good returns. 

Hey Chien, keep learning and building capital, then pull the trigger when you feel ready. Don't get overwhelmed, real estate is actually very simple. 

Hey Jacklyn, I have 27 units in Dayton, myself spread across 4 buildings.

I'm now working to scale by doing more doors per deal. Rather than doing 5-10 unit deals we are now looking at 20+ units. 

If you have equity you can refi or sell. Prices have started to level off so it's a good time to take action.

I've had ridiculous success with Facebook Marketplace. Make sure you're screening well. Most inquiries are not qualified. 

Friendly reminder to be aware of all the extra management tasks for rent by the room. I own a 5 bedroom myself that I do it with and it can be a nightmare if not managed properly. 

Personally, I like Ohio.

Good price to rent ratio. Large section 8 tenant pool.

The only problem you'll run into with BRRRR is needing to do the Renovation part of it long distance. That can be a quick way to lose a lot of money fast.

Teams are important for long-distance investing 

 Since I provide lots of business to my cleaners they take care of that stuff for free, I only reimburse supplies.

The key is to have good relationship with vendors to keep costs low.

Yes I also have a small margin in my cleaning fee to account for "supply" use during the stay.