All Forum Posts by: Anita Muhammad

Has anyone ever heard of them or worked with them? They are a hard money lender based in Ma, does anyone know if they are legit? I cannot find any reviews on the web and there not on the BBB

0 Votes

Originally posted by @Dan K.:

I'm saying this with no idea on the specifics of the property, but...

I'd be very hesitant to convert a 2-family into a SFH in Fitchburg. There are lots of MFH investors and people that want to house hack.

It also depends where in Fitchburg -- the MFHs are clustered in the downtown area.

Finally, house prices in Fitchburg are relatively low compared to the rest of the state. If this is your first deal do you really want to completely re-arrange the flow of the building, do major plumbing and electrical, etc? I think you're going to increase your risk substantially if you convert to a SFH.

Thank you so much for your response , I really appreciate it. We have decided to change it from a 3 family to a two family where the bottom basement property can be rented out and the main three floors is a single family. Also the plumbing has to be replaced anyways.

0 Votes

I am in the midst of my first deal now and have potential investors willing to finance but I need to give them a more detailed rehab estimate. The property is currently zoned as a multifamily, but all the research I have been doing suggest that we could make more profit if we sell it as a single family. Am I crazy? Any suggestions? Its in Fitchburg Ma.

0 Votes

All Forum Posts by: Anita Muhammad

Anita Muhammad has started 6 posts and replied 14 times.

Post: Multi Family vs Single Family

Post: JEMS financial in MASS

Post: Multi Family vs Single Family

Post: Multi Family vs Single Family