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Updated over 1 year ago on . Most recent reply
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Scaling portfolio in Ma Looking for advice !!!!
Hello my name is James Brisson. I currently own (2) triplex's in Fitchburg, Ma and my primary residence (which I plan on renting when able to purchase next home.) I am a licensed contractor and have 15 years of construction experience as I'm a union carpenter and purchased my first home in 2008. I've used only MLS at this point and the market has become to heated in the central MA area so nothing makes sense in terms of cashflow now that prices have steadily increased in the past couple years and now with interest rates almost doubling, prices have not adjusted yet. I am specifically looking for a project to which I can add value and rehab but preferably not totally rehab as my current liquid funds will not allow so. Would like to start an off market campaign and or meet/ network with local wholesalers to find my next project and keep the deal pipeline flowing for future projects. Not sure where to go from here as refinancing my first triplex with a lot of equity doesn't seem to make sense with the higher rates and both loans for triplexes being in the 3's and already have a HELOC on primary residence. Any advice or strategies would be greatly appreciated! Thanks guys/gals in advance !!!!!
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