All Forum Posts by: Aaron Signore

Hi @Adam Lacey! This is located in Sanford, ME. I bought a duplex on a double lot and want to utilize the space in the other lot, but have no money. My hope is to split the deal with someone and take care of all the property management stuff because it will be so close to my house. 

Hi All! Just looking for some advice. I have a plot of land that I would like to build a 6 unit building on right in the center of town, but I would like to bring on a financial partner. Has anyone done something like this and how did you split up the costs/responsibilities?

Thank You Anthony! 

Oh!! I didn't know that some lenders were lenient on that, I thought it was pretty standard across the board! Thank you :)

Hi Tyler! I am looking to buy in Biddeford or Saco.

Ok! I will check out some hard money lender terms... As for my girlfriend and I, we are getting married soon, we just don't know when yet. I don't think I would make a decision like this with anyone else, she is the one!

Hi everyone, 

My girlfriend and I are looking for a duplex to house hack. I just became a real estate agent in February and I have done ok so far. Combined, my girlfriend and I should have enough for a duplex within the next couple months, but we hit a roadblock. My parents won't cosign and neither will hers, and we can't qualify because of the 2 year income history that you need. Hard money lenders have too high of an interest rate, is our best bet to try to search for seller financing? Any advice helps thank you!!

Thank you Joe! I have never looked at it like that and that helps a lot. Have a great night.

I am 19 looking to buy a duplex in southern Maine. I have been analyzing deals for about a week now and find that I often come up $400-500 short of a cash-flowing property. Since I would be financing using an FHA loan, I would need to live there for a year before I can rent out the unit I plan to live in to someone else. After the 1 year mark, most of these properties will have a positive cash flow. I just don't know how important cash flow is when it is my first property, when I will have cashflow after a year but my mortgage will be paid for during that year. Looking forward to reading people's opinions.