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Scott Matthews
United States
Приєднався 25 жов 2021
My name is Scott Matthews, and I'm a 31-year-old entrepreneur and real estate investor.
In 2016, I started as a real estate agent, quickly realizing that was not for me. Then, I shifted to mortgages, only to realize I wanted more. Determined to find my niche, I entered into residential development, learning how to renovate and flip homes from a mentor.
I quickly knew I was on the right path but scaling a flipping business seemed extremely difficult and capital intensive, so I shifted to investing in rental properties and wholesaling real estate. This changed my life in a way that I could have never anticipated. Since then, I have wholesaled and flipped 180+ deals and have acquired enough rental properties to cover most my day to day expenses. I have wholesaled properties ranging from single-family homes up to 65-unit apartment complexes.
On this channel I plan to discuss real estate and business education, and my journey along the way.
Cheers!
In 2016, I started as a real estate agent, quickly realizing that was not for me. Then, I shifted to mortgages, only to realize I wanted more. Determined to find my niche, I entered into residential development, learning how to renovate and flip homes from a mentor.
I quickly knew I was on the right path but scaling a flipping business seemed extremely difficult and capital intensive, so I shifted to investing in rental properties and wholesaling real estate. This changed my life in a way that I could have never anticipated. Since then, I have wholesaled and flipped 180+ deals and have acquired enough rental properties to cover most my day to day expenses. I have wholesaled properties ranging from single-family homes up to 65-unit apartment complexes.
On this channel I plan to discuss real estate and business education, and my journey along the way.
Cheers!
New Flip Breakdown... $40k profit potential
Let's Talk!
📞 504-475-4633
📍 New Orleans, LA
#ScottMatthews #FYP #ForYourPage #vlogs #realestate #investinginrealestate #realestateeducation #lessonsinrealestate
📞 504-475-4633
📍 New Orleans, LA
#ScottMatthews #FYP #ForYourPage #vlogs #realestate #investinginrealestate #realestateeducation #lessonsinrealestate
Переглядів: 180
Відео
Subto, Novation, and Tax Sale Property Deals-What You Need to Know! 🔥
Переглядів 6 тис.14 днів тому
Let's Talk! 📞 504-475-4633 📍 New Orleans, LA #ScottMatthews #FYP #ForYourPage #RealEstate #Subto #Novation #TaxSale #RealEstateTips #CreativeFinancing #InvestmentStrategies #RealEstateEducation #PassiveIncome #PropertyInvestment #WealthBuilding #RealEstateInvesting101 #FinancialFreedom #PropertyDeals
Day in the life Wholesaling Real Estate: Episode 2
Переглядів 8 тис.Місяць тому
Day in the life Wholesaling Real Estate: Episode 2
Day in the Life Wholesaling Real Estate: Episode 1 - Live Negotiation Breakdown
Переглядів 16 тис.Місяць тому
Day in the Life Wholesaling Real Estate: Episode 1 - Live Negotiation Breakdown
The Way To Calculate Your Wholesale Offer
Переглядів 95 місяців тому
The Way To Calculate Your Wholesale Offer
Great content, as always! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Change the mood
wow
Great job and great attitude.
Thank you 🙏
Bro giveaway please ❤
Bro big fan when you are doing giveaway
@@Allinon2567 asap
Bro big fan when you are doing giveaway
Bro I am watching your video for 189 views and 189 susbri
108
😍😍😍☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️☺️😍😍☺️
Good video man, you should do more👍
Thank you brother, more coming soon
Turn the damn music down
Not even remotely true..
1st comment
Wait so you're saying trust is important in business?
NNN are the most lucrative and the least amount of work. But they are expensive.
Interesting take! Most of my investors start buying at around $100k+, but they have salaries and strong businesses. So I think you can still at least start and buy every other year with a $100k+ income, but I guess it depends on the area too. What do you think? Great video though I just subbed 💪
I agree with you about every other year, I just wouldn't push to buy one property every year making $100,000 in income mainly because the cost of living has increased by so much in most markets and a rental property could be a drain on your reserves if things don't go according to plan, which in my experience something always out of your control comes up. Thanks for your take, I appreciate it!
@@scottamatthews right, it would be too hard to buy one every year, unless you’re going for low priced houses in rural Georgia or something. Good stuff nonetheless keep it up
What do these words mean
If you live in a home for 3 out of 5 years. A single person will keep all the profit from the sale up to to 250k Tax free. If married up-to 500K tax free.
@@ArabellaPottery correct, I believe it’s only 2 out of the first 5 years, which is a great thing to take advantage of but once you get past that, refinance cash out can go a long way to grow your portfolio.
@@scottamatthews Yes 2 out of 5 years. No it can't. You pay more in interest than in taxes.
@@ArabellaPottery but your tenants will cover the interest and principal paid to the bank as long as your property stays rented.
@@scottamatthews But that means the rent you receive is taxable. How much tax depends on how much write off you get. But you will pay taxes.
@@ArabellaPottery of course
Well, practically you pay the tax to the bank in form of the interest rate.
@@narancs5 your tenants will pay the loan principal and the interest for you.
but you do pay interest on the loan...and you will have to pay taxes on owning a property. One other way not to pay taxes on a property is by buying a property, renovate it, sell it and buy an other property with the profit... and you will always have to pay taxes on your income that you take out of any profit or company.
@@jvaneyl5826 yes you’re right but your tenants will be paying the loan principal and interest for you in most cases. Property taxes are typically far less than income tax on a flip profit. However, yes you can defer your capital gains taxes through a 1031 as long as you keep the property and never realize the actually gains. Since I’m still young in my investing career I haven’t sold any of my long term assets yet but I plan to do so in the next few years when rates come back down and then I will utilize a 1031 exchange.
I already know how to make tax free money
What's one of the first or most important rules / tips you could give to someone who is looking to get into this type of business?
@@MachineR5000 I would suggest finding a local mentor, someone who is doing what you want to do and just shadow them for as long as they will allow
I feel like your prices are all pre-Bidenflation. Probably 30-40% higher now
Yeah, don't put new carpet under a leaky roof...you're a genius!
Yeah, no you're full of shit. No chance you could rent that unit for that much. You're saying that someone who lived there for 5 years would pay the equivalent to as much as you paid to OWN it.
Bullshit
No crap. U mean u should not buy houses that are already in great shape and in a great neighborhood to flip?
Even run down houses in good areas are harder to come by, so those areas should be avoided
So does the AIF need to be its own separate document or can it be an item in your PS contract that the seller needs to initial or sign ??
Every state is different but we keep it as a separate document so the seller knows exactly what they are signing.
Ur underrated ❤
Ohh really that’s a tip ? Not much of a tip.
Bro you looked stoned af
Shit advice 2 more years of housing going up possibly before big crash in housing market. You don't want to own properties soon. Birth rate is going down west is going under trust me don't listen to bs advice on the Internet.
Ohh yeah let me get my money ready.
Great idea. If only we were all so fortunate.
me as a baby wid 300 racks in Africa
Your scum
Kinda sounds like you're trying to get the most money out of someone's struggles. "The high end rentals except free washer & dryer." If I rented low end so would I.
yes!!!!!
Realtor from the big short vibe
okay but can your sales people record your calls too? also, recording customer calls is pretty illegal without informing them first. hell where I live agencies who record calls have to play a long ass message about it at the start of every call and give you an option to opt out
Do not do this if you are in a country where this is illegal without consent.
Your primary residence should be in your own name to claim the Homestead protection and exemption.
What if they sue you personally and the LLC separately
“How to be less accountable” 👌
No it’s called mitigating risks ,
But how much they charge for interest rate?
If you just stop for a moment and think, Pools and personalized decorations are the worst investment to increasing home prices.
One thing that is better than having a pool in my yard is having a buddy who has a house with a pool😂
you couldnt have said it better
Your videos are cool but starting with bg music and sound effects can help to attract and retain more viewers.
Hook me up!
Very stupid financial advice 😂
Disagree! - it's simple but its very true!