All Forum Posts by: Brandon Onwuka

Have you tried the Mass bay credit union? I heard the offer good rates.

 Agreed here

Hey Dennis, congratulations on getting started in your investing career. As you know, there are so many ways you could get into investing which could be overwhelming in itself. I would ask your mentor the type of investment he focuses on and the daily processes that makes him successful.

As far as strategies go, it depends on a few things:

How active are you willing to be? How much time do you have to dedicate to finding deals?

Do you currently have money that you could invest right now or by the time you start?

What are your skillsets

BTW you do not need money to start investing. Feel free to reach out any time if you have additional questions. 

Lorenzo! I advise you to follow the Agent Investor (Tommy Carfarella) on facebook. I would also suggest to start joining facebook groups within your area to network. Lastly, in person and virtual events (such as REIA) will help you to connect with others. I think you are currently taking the right steps and I am all for getting your license to expand your education as this helped me.

How are you doing wayne? I attached a breakdown of the permit process in the city of providence. What city/town are you looking to invest in?


permit-faq-20200302.pdf (providenceri.gov)

Hello Craig, you can never go wrong throughout the city of Boston. Reason being is the close proximity to college campuses and the consistent upgrades of homes. I would also highly consider central and western MA. Worcester is hot and Springfield (surrounding towns as well) is a market that is constantly growing.  I would advise to look into towns in Connecticut and Rhode Island as well. Although this is not MA, there are a lot of opportunities there.

I would always start by the numbers and be conservative with the ARV. Especially with the market changing, you always want to see it as a best case and worst case scenario in order to plan ahead!

Hey Tremon, 

When it comes to using other's money, it all comes down to providing value. For example, it can be time consuming and difficult to find deals. If you find a partner and supply them with deals, you could work out a way where you would split the costs in the deal. There are also wholesale and creative finance options. 

Hi Ryan, what market are you in? I generally start with finding rental comps per unit in the subdivision, or at least within a mile. Although it may not be exactly a rental that is a Quadplex, I still take the rental comps as long as it is similar in Square Footage +/- 200SQFT and it is at the very least residential. As far as the overall pick-up price, that would be tough to say if it's the only quadplex in the entire town. I am curious to hear other opinions regarding this. Regardless, I would most likely figure out my cash flow and adjust in price accordingly.