All Forum Posts by: Amanda Bruneau

@Anthony Thompson I am aware of the new proposals and it is concerning, particularly the evictions. Some of the proposals do exist in MA, such as landlords having to rent to section 8. However, just with any renter, if you screen tenants properly and hold everyone to the same standards: good credit, background check, good references, mandatory first, last and security you are typically going to funnel out people organically that would not be a quality tenant. 

@David Sisson help me out, what is PVD and EP? 

Also, you are in the RI area. Where have you invested and had success? Everything is a deal compared to MA prices, but obviously, the rents are much lower. I am looking all over the state. Initially, I was thinking Providence, but I am expanding my search. I also like the idea of commercial real estate.  

@Julie Sisnroy and @Scott Wolf you have solid points! Never in history have rates been so low AND RE is just moving in one direction. Even with a market correction, we will come out on top because our strategy is to buy and hold. You gave me some strong points to defend my stance, thank you! :) 

@Jason Shackleton great thought. And this is the time to sell, especially with the thread of 1031 being taken away.  

@Anthony Thompson great to hear from you! We spoke a while back when I first moved to RI. I believe it was right before the world turned upside down. I am starting the good old fashion way of saving from our cash flow, which will eventually pan out. And I do think once I have more experience under my belt it will be build confidence in my husband's risk tolerance. How have things been for you in the last year? Have you bought any new properties? I got my license and am now working with Residential Properties out of Barrington. It is going very well, I just wish there was more inventory! :) 

@Klint Ruud thank you for your input. I have not explored hard money. Do you have any idea what the interest rate is with hard money lenders?  I am working on saving the 20% too, it just takes longer! :) 

@Account Closed I like your analogy! Yes, prices are not what they were 10 years ago. We are more interested in buy and hold. Even it is not much cash flow, but the appreciation is there we are interested. I think Providence is a great city with so much potential, but it needs industry! There are not many deals these days, but I am hopeful and spring is coming! :) 

Great feedback @David Sisson! A home equity line is always a good option, but once again it is still debt. However, we have a very low-interest rate. I think presenting in a way of looking at our net worth is a great way to get his head around the idea.  Where have you invested in RI? Our properties are in MA and we are currenting looking in Providence, East Bay area and a couple of other areas in RI. The prices are SO much better here in comparison to where we were in MA. But I also recognize you can't charge the same in rent. 

Hi Guys!

My husband and I have been buy and hold investors for the last 10 years. It was not our primary focus, which is why we only own two investment properties. However, we have paid off both mortgages and now make $5000 a month in rental income which is great, but I know we could be doing so much more with these two investments. Our equity in both properties is significant. My husband is debt adverse so the idea of pulling the equity out of the homes to purchase more homes is a hard battle to win. My focus this year is to grow our real estate portfolio. If you were in this position what would you do to capitalize on the situation?  

I was able to figure it out! Thank you!