Looking for someone to help me

[Edward Dones]

Hello BP Members. Like to start with saying that I bought a 2 family home in Springfield mass area and already felt the ups and downs of being a landlord. I had a nice cash flow going on but I had to move in to the property since it was finance through FHA. That being said I was making $900 in profit for the first 3 months until I had to move in. Lady didn't want to move and didn't pay rent. So I started a eviction process which is fairly easy and got her out in 3month, basically killing any profits I made but the experience was well worth it. So, now that I moved in and almost have it set-up to my families liking, I'm ready to buy another 2-4 family. That being said I'm looking for help. Want to meet some western mass/CT investors maybe for coffee or even be able to help with anything in a property or even showing a unit to tenants. Really would like to buy another property by 2018 with a BRRRR strategy and like to be able to do that with a partner since I know I won't be able to come up with 25k minimum alone. Definitely 10k-15k though. If anyone that would like to meet, comment or send some advice, I would greatly appreciate it

[Stanley Parsley]

****

You got this

it is not about the profits

its about decent housing for those that need

if I paid you a cents on compounded interest would you take the chance?

[Edward Dones]

@Stanley Parsley yes I agree on affordable housing and the house I bought is just that. I have a tenant up stairs who is happy that I’m intative to any issues that comes up like her water tank that kicked the bucket she only had to wait 24hrs before it was up and running. At this moment I feel like I tip my toes in the koolaid and now I want the dive all the way in. 

[Filipe Pereira]

Originally posted by @Edward Dones:

@Stanley Parsley yes I agree on affordable housing and the house I bought is just that. I have a tenant up stairs who is happy that I’m intative to any issues that comes up like her water tank that kicked the bucket she only had to wait 24hrs before it was up and running. At this moment I feel like I tip my toes in the koolaid and now I want the dive all the way in. 

Sure, it might not ONLY be about the profits, but the profits definitely do matter. I've spent seven hundred hours on my personal real estate projects this year...there is no way I'd commit that kind of time if I wasn't making a profit. That being said, it is worth mentioning that if you provide a value or service, you should be compensated, regardless of the income class. Don't let anyone tell you that you shouldn't be making money. This is a business move, not a charity event (at least in my book!). 

Edward, take a minute and reach out to @James Denon. He purchased a couple properties in Springfield this year, and seems to be doing well. 

All that aside, if you have any questions regarding property management or being a landlord, feel free to give me a shout. I'd be happy to help in any way that I can! I am located in Windsor Locks, CT.

FP

[James Denon]

@Filipe Pereira thanks for the mention. 

@Edward Dones I would be down for meeting for coffee and chatting about partnering on multi in Springfield. I plan on getting 2 in 2018.