All Forum Posts by: Matthew Botelho

Hi BP,

In 2018 my partner and I are planning on purchasing 10 three family homes in the South coast area of new england. If you are an accredited investor please contact me and we can go over our plan for 2018.

Thanks

Matt

Thanks everyone for your helpful responses. 

Hi BP,

I have a tax question about positive cash flow money on multi family houses. If I'm making a positive cash from a multi family house and if I continue to keep that money in a business account and don't clam it as personal income is that money subject to tax?

Thanks

Matt

Hi BP,

I'm in the process of buying a 6 unit multi family in the new England area. I'm looking into a property manager but I'm sort of on the fence. Do you guys have any experience with property managers? Are they worth the extra money? Should I save the money and manage the property myself?

Any advice will be greatly appreciated.

Thanks

Matt

Thank you everyone for your advice I truly appreciate it!!

Thank you Chris for getting back to me!!

I currently have no experience in buying or managing rental properties and I see where your coming from. I just want to make sure I make the right decision. Here in New England some of the properties that I'm looking at, (4 unit homes @ 260k) after all expenses I'm left with $600 positive cash flow per month. $600 a month is a little low but if I reinvest that money into another property I can always build up my portfolio that way. This way I can build up experience and potential equity to purchase a bigger property down the line.

-All

I'm 27 years old with $60k saved up and I'm looking to invest in multi family homes in the New England area. I'm on the fence as to should I start investing now on a 4 family home (260k) and build up experience or do I save up for another 2 years ($110k per year x 2 years = $280k) and invest in a bigger multi family complex? If I start now I can buy a 4 family home every other year until 35 which leaves me with 16 units, or I can wait for 2 years save up and buy a bigger multi family complex. My only concern is that by the time I'm ready to buy a bigger complex ($280k down payment) the bank wont issue me a commercial loan because I lack in experience.

Any advice is greatly appreciated!!