All Forum Posts by: Andrew Beaver

Robbie Reutzel I sent you a reply message, thanks for the advice... I'll be reading the rehab book very soon.

Maxwell Lewis Im doing great, ready to seize the day! Thanks for asking. I'm just looking to put as much into action as possible for when I'm ready to make that first purchase! I look forward to the journey Have a good day. I look forward to seeing from you in the BP community in the future

Rob L. Hey rob, if you get multiple messages from me, my apologies. App said something was wrong... Could you send me the repair pricing list as well? I have a similar question/concern in the Boston area. Looks as if email is not allowed in the community post though Thank you

Makes sense, I'm a new investor (no properties yet) so I may have to look into city auctions to see if this may be an option for me. Looking for buy and hold with minimal repair needed so hopefully this will bring me good fortune. Thanks

Chris May Tom Mole Something that I've recently thought of/been concerned about as I've been speaking with brokers and doing the numbers is PMI related to FHA loans FYI, I believe I'm in a similar situation as you Chris as I'm looking to buy and hold a 2-3 unit property (but I love hearing the formulas Tom so share away haha) In the Malden/Everett (near Boston,MA) markets, duplexes go from 400-800k and the particular units I've been looking at approx 600k is giving me a monthly PMI of 425... Now this makes things extremely difficult to find a property on say MLS and really cash flow... Outside of the small down payment, is FHA loan really a good strategy? Currently I see it as the only option but really is only cash flowing if I can get a property way below market value... Thoughts?

Joe Mama So joe, I'm assuming you bought properties close to thier peak market value before the market crash... That sounds brutal but looks as if you survived.. What are your thoughts regarding that period and coming out of it still in real estate? One of my concerns is that in my area (Boston) it's a crazy sellers market and MVs are sky high and people are still buying.. Because my strategy is buy and hold I'm still going to get in but my concern is that a similar crash is soon to happen and I don't want to get stuck paying at or above MV right before it happens..

Greetings everyone, I'm excited to join the BP community. Over the short course of me signing up for BP, I've been watching, reading, and learning from all of you exceptional people and I'm very thankful for such a community of helpful individuals. I'm a new investor looking to owner-occupy a multifamily (2-3 unit) property. I'm currently in a very aggressive debt elimination strategy to be completely debt free by 2017 (without any major bumps in the road). Areas I'm targeting (but not limited to) Chelsea, revere, Malden, Medford, melrose, Winthrop, as I believe these areas could be markets where prices have not completely skyrocketed just yet. I've been fortunate enough to meet some really real estate educated individuals through meetUp and would be very thankful to meet more either like-minded individuals looking to grow or those who would like to share strategies/help guide me in the process. Biggest hope is to understand how to efficiently assess a properties value/cash flow capabilities and negotiate with the best of them. Either way, I look forward to learning and growing with you all. Have a good day, Andrew Beaver, CPA

Russell Brazil why is it that in certain investor books, they mention getting listings from the MLS (specifically from the agent). Is it that the agent is allowed to print out a listing of properties to give to investors but not specifically give access? One of my learning steps was to meet with a real estate agent and obtain a listing of properties (or whatever I can get) from the MLS. I'm not exactly sure what kind of information would be provided just yet.