New to Bigger Pockets

[Brandon Trafford]

Hey Everyone!

My name is Brandon Trafford and I am a new real estate investor surfacing from Central Massachusetts. I have been in the game in regards to research of real estate investments and development for about a year now. I am seeking to make my first deal on a commercial multi family property, but I know that I still have a lot to learn. I am seeking knowledge in regards to how to identify a good deal as well as knowledge about how to properly execute the transactions of the dealings/ the negotiation. I need to know what things to look for in a property that can lead to a gold mine and what warning signs I should watch out for.

I look forward to joining the community and meeting all of you here on Bigger Pockets.

[Derreck Wells]

Hi Brandon,

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price.

You can email me directly at the email in my signature or you can PM me on here.

Talk to you soon!