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Updated over 4 years ago,

User Stats

45
Posts
18
Votes
Alexander M Stanton
  • Rental Property Investor
  • Boston, MA
18
Votes |
45
Posts

First Purchase Goal: Seller Financing House-Hack

Alexander M Stanton
  • Rental Property Investor
  • Boston, MA
Posted

Hello Bigger Pockets!!

I am a relatively new investor and new full-time Real Estate Agent based in Boston. I am working hard to help others find deals and develop my business to serve, but right now I have a self-serving question about Seller Financing!!

My goal is to find an investment property (4 units or smaller) within an hour of Boston which the owner would consider doing Seller Financing for a house-hack. I have some cash to put down or to build some sweat equity, self manage, do a lot of the cosmetic work myself, and am eager to stop paying rent for good.

For context, I inherited a single-family home last fall, tried to sell it but ultimately failed to get a satisfactory price, and just recently rented it for about $550 over the PITI payments. I also got my real estate license at the beginning of the year, and am working to get into property management and building a 3D tours company. I work hard and have gone ALL IN on Real Estate since I inherited this home.

I've done painting, cleaning, learned that I'm a ****** plumber and I needed to hire help for that, patched drywall, hired help to do my floors and learned that I can TOTALLY do that myself, hired pros to get septic work, well work, and driveway work done. I sank a lot of money into the property and learned so much in the process. I've analyzed around 250+ small multifamily deals in Worcester MA and have spreadsheets for 50+ of them.

I'm definitely a BEGINNER, but I work hard and I would LOVE to hear from anyone who has feedback, advice, thinks there might be some potential here, or could guide me on finding the right resources and asking the right questions for me to find the property so that I can get out of the rental trap and start investing in earnest!!!

Does anyone have any suggestions? ALSO - if you're looking for someone to work hard for you, I'd love to hear about what you need.

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