All Forum Posts by: Brian Ortins

I would recommend basing your strategy on your financial situation. Do you have enough cash for multiple downpayments? If not, you may flip a good deal to provide more cash for future downpayments on rental SFRs. 

@Peter Mckernan I have invested in condo rentals and I look for over 51% owner occupied (opens up financing options for you and for future when you sell), prefer FHA approved HOA, always look over the financial statements and compare to other HOAs in the area. I always want to see high reserves to prevent future special assessments, or I like to buy after the major renovations have been completed and the special assessment(s) are paid off. Feel free to PM me if you have specific questions.

@Aaron Montague  Give me a call at 978-979-5007 to discuss.

@Bryan N. I recommend looking for agents who are BP members. They are more likely to understand the same real estate calculations that you use to evaluate deals. As a BP Pro member, you (and/or your agent) is able to evaluate potential deals and create a PDF report that can be given to a lender. DISCLOSURE: I am a BP PRO member and a real estate agent. I would bet that my investor clients (some are BP members) would agree.

Where are you hanging your license in MA?

Congrats! @Aaron Montague 

Call local banks and speak to the commercial portfolio lending department. They will guide you in the right direction. They will likely recommend offering a blanket loan where you can get your existing properties blanketed into one loan, with the ability to cash out refinance any equity into cash (use cash as future down payment). This access to commercial lending will also allow you to purchase multifamily properties that are 5 or more units.

@Brandon Turner @Joshua Dorkin  Keep up the good work! I look forward to new episodes every Thursday.

Nice job! I especially like the kitchen design.

I haven't come across a squatter and/or a probate with a squatter. I am interested in hearing what you end up doing.