All Forum Posts by: Account Closed

Thank you @James Berry and @Sean Ebert.

To Sean - I'm focusing on essentially every market south of Concord, I figure that would be a good place to start looking. I've been having a hard time finding useful information on the sites.. I think I'll be taking your advice and contacting a few agents.

To James - I did not think of asking for a fact sheet.. I'll definitely do that from now on. I just took a look at rent-o-meter and for some reason many of the links on the website are down (odd), So forgive me if this is a stupid question: do you use the site to find expense estimates on your property as well, or just to compare rents?

 Thanks for your inputs! 

Hi everyone, I have set, what I believe, an achievable goal of acquiring two duplexes in the next 90 days. I have financing in place, flexibility in price, and more than enough desire to pull the trigger on a deal. I have begun my search on traditional real estate sites such as Zillow and Realtor, however I am not sure if I'm effectively using my time. I am about to contact local real estate agents and ask for assistance, however I'm not sure where they would look that I am not seeing, besides the MLS of course. With this being said, are most duplex/multi family deals found through these traditional sites? Or do you guys, the community, find your rental deals in other ways? And my next question would be, how accurate would you consider zillows tax and expense estimates.. Not sure if I should be using them. And if I wanted to acquire, for example, all the information required to use calculators to estimate monthly income, would I ask the listing agent for that information, or how is that information typically received? Thanks everyone, and if anyone here is trying to sell a duplex or other rental property in NH , let me know :)

Looking to close on my first rental property within the next 60 days. I'm located in Southern NH and am looking to line up a good property management company ASAP. Any recommendations would be helpful, thank you!

Just a bump post

Hi there, I am new to real estate investing (of course) and want to start buying rentals in my area. I want to learn as much as I can about the process of purchasing a rental before I begin to look for my first deal, and am currently posting with the intentions of finding the best resources I can use to educate myself. 

I have read the stickies in the forum and am currently reading as many posts as I can to learn, but would appreciate more specified help in what I should read or watch to help me take my first steps (such as books, or more specified threads geared to rental property investing). 

Also, I will soon be licensed as a real estate agent (more so to help me learn more about real estate than to actually pursue a career). With this being said, I am wondering if it would be worth it to pay for MLS access? Through what avenues does a typical investor find most rental deals? I understand wholesalers/flippers find many deals through direct mailing and other more intensive searches, but would appreciate a nudge on where my time would be best spent looking for my first property.

I would also like to note that I have my financing already configured and am fortunate enough to not necessarily need to worry about it at this stage, most of my concerns come from what is listed above.

Thank you for reading!

Hey everyone. Not only am I new to real estate investing, but the real estate industry as a whole. My question is (hopefully to others who have previously been in my position), is it helpful to get your real estate license and work as an agent for a while before investing? Now of course it would be helpful, but is it worth the time/money to become licensed and work in the field?

I know there must be others who have made or not made this decision and can help guide me in one way or the other. Thanks!

Thanks Shawn, I have had a decent, tax-paying job until around six months ago, when i decided to work for myself. I legally did not pay taxes for the last six months while earning money. It's nice to hear no credit is better than bad credit, I'll most likely get a credit card to start building credit soon.

If it helps, I should include:

I currently have about 15k in cash to work with. I am not averse to risk because I would rather learn and make mistakes now than later.. I understand properties in the 40-90k range would almost always some rehab, however I can finance rehab costs in other ways. 

Thanks again.

Hey everyone, I am 19 and am looking to by a smaller single family or duplex with the intention of buying and holding. I've done my research and feel I understand enough to make the leap, however the only obstacle left is finding financing. I am young with no credit and currently "unemployed".. (I work for myself flipping cars). I've been looking at properties in the 40-90k range, and currently have enough cash to make a down payment on a ~10% HomePath loan. However, my questions:

Would I even be considered for a loan given my age/"employment status"?                       Would I even be considered given no credit history?                                                            If these answers are no, are there any suggestions/solutions as to how I could find financing?

Thanks from a newbie,

Axel

I agree with what Shaun said. Granted I have minimal experience, however I would keep it to south of Concord and around the northern areas of Mass such as Methuen and Lowell. On a side note, I am from Chester, NH (near Derry) and would love to work with you.