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All Forum Posts by: Bethany Turon

Bethany Turon has started 22 posts and replied 174 times.

Post: Foreclosure Auctions in Maine

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Melanie Sommers Hi Melanie. Typically the cashiers check amount is $5k but it varies based on the auction center and the property. The listing should generally say specifically. They don’t share the opening bid typically. What other questions do you have?

Post: Investing in Pheonix or Colorado Springs (Climate Future?)

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Michael Paccione Let me know if you decide you're open to Maine. You will find huge opportunity here! 30% COC-ROI is realistic in Class B areas. Happy to connect if you'd like to hear more.

Post: Looking for Landlords In Gardiner Maine.

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Tristan Scott Zell Hi Tristan, let’s connect! I have properties in Androscoggin county and under contract for a 6-unit in Augusta. Always looking to network!

Post: August Meetup - Lewiston / Auburn - Central Maine / Androscoggin

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

So apparently Gritty’s is closed tonight due to short staffing. We are going directly across the street to the 1800 Club.

Post: August Meetup - Lewiston / Auburn - Central Maine / Androscoggin

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Karl Eisenhofer Bummer! Hope you’ll be able to make it to another one if you can’t make it this time.

Post: Maine Appraiser contact for 5 units appraisal

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Michel Bamani Hi, my lender is Ben Sprague at First National Bank out of Bangor. His # is 800.564.3195;4115

You should get to know him anyways if you invest in the area, he has a lot of good options available. I’m under contract with an 8-unit over in Auburn.

Post: Maine Appraiser contact for 5 units appraisal

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Michel Bamani My lender had one quote 8 weeks but it was a good deal more expensive than some 10 week options. I can put you in touch if you would like.

Post: Have to ask this question every so often!

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Kenneth LaVoie

To me, this all starts with some basic questions. What do you all want to do with your time, really honestly? How does your daughter feel about your portfolio and the potential of inheriting is or not? And would you be living away from her, or her moving, and how does everyone feel about that? I know I personally am a long way from slowing down, and so I note a distinction between doing things that make money for fun, challenge, and experience, vs because of needing to or building a foundation.

In looking at your options, you do have one more possibility, which is to sell via owner finance. This could avoid capital gains and provide you with some great cash flow for years to come, albeit with some risk but also upside behind that risk.

Also I don’t buy the idea that the market will go back down. It may level out, but there are no signs of a bubble based on the factors that are pushing home prices up. Until inflation and housing shortages change, I see continued price stability. So to me, this is more a question of passion and preference than a need to worry about a future bubble bursting.

Post: August Meetup - Lewiston / Auburn - Central Maine / Androscoggin

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Sebastian Libonatti Look forward to meeting you!

Post: August Meetup - Lewiston / Auburn - Central Maine / Androscoggin

Bethany Turon
Pro Member
Posted
  • Property Manager
  • Durham, ME
  • Posts 179
  • Votes 102

@Ray B. Boo! Hopefully next month.