All Forum Posts by: Andrea Fajardo

 Thank you for your quick response really appreciate it. Where would I be able to find the fines for issues like this?

Can one limit the communication channels with the hoa to physical correspondence and calls for life /death, real emergencies?

Context: I own a small condo in a 3 condo unit, which I'm currently renting out. 3rd floor owner texts me at least twice a week for small nuisances about the tenants that bother only her (2nd floor owner hasn't complained once). 

I've gotten to the point of blocking her phone number and wanted to send her a letter saying she can only communicate through me via physical mail letters. Would that be legal? 

Just launched my airbnb and want a company to manage it so I can travel. Vacasa charges 23% which sounds reasonable based on just the cleaning expenses, but saw Evolve charges only 10%. Any recommendations/advice of other property management companies in Northshore and what red flags should I avoid? 

Quote from @Kyle Spearin:

@Andrea Fajardo you've gotten a ton of great insight already, so I'm going to provide a slightly different perspective on your question.

The more units, the better is definitely true for cash flow. My question for you, though, is what's your end goal? If you wanted to resell, the single family with an in-law suite would probably appreciate better and be easier to sell down the road as the buyer pool is bigger (homeowners, not just investors). Start with the end in mind :)

Interesting! I hadn't thought much about this, I was mostly looking to invest some cash I had from RSU my company gave me, I do plan to hold to the property for at least 5 years and then see where I am in live. I'm leaning towards the flexibility of a short term /airbnb because I can then choose when/if to deal with people. 

Thanks everyone for the feedback! This verified what I was suspecting. In my case the pre-approval had been done for a duplex. I'm now waiting patiently for a good opportunity that doesn't need lots of renovation. Also looking in ways of legally doing the house hacking :) 

Quote from @Bjorn Ahlblad:

@Andrea Fajardo welcome to BP! Generally more doors is more profitable, and helps absorb vacancies and other expenses. Make sure of your underwriting skills and don't skip steps in your buying process. All the best!

Thanks for the reply. How about a single residential with a finished basement or in-laws suite that you could airbnb? Do lenders prefer one over another? 

I'm looking into an investment property (currently own a condo I'm renting out), I wanted something that I can live in while renting the other unit(s) and kind of have tenants pay my mortgage and rent. I'm realizing that's harder with a 2 unit multi-family than a 3 units. Any advice? I'm looking into the Malden/Wakefield area.