All Forum Posts by: Brian J Allen

@Brian Phillips would be glad to hear about the hard money. People are always asking me for quick ways to close on marginal properties

Good luck out there.  Make sure you meet some of the folks here so you feel you have someone to talk to and bounce ideas off of.  There are lots of deals out there, the issue is finding them and evaluating what is best for you.  If you venture to Worcester give me a shout.  The key is knowing the local area, so make sure you find people who really know Lowell.

Worcester is a hot market now.  If you are able to get something in a good solid commuting area you should do well.  Let me know if you want to meet up in Worcester.

i might have time to meet you in Worcester on Thursday depending on time.  Reach out

my thought is to let people know what the final product is, and sell it before you are done.  This will allow the buyer to work on their financing  and save you the 6 weeks you need after you agree to a price.  Let some agents like myself shop it for you off market so you can sell it and save yourself the 6 wks of carrying cost

@David Arcella I would be glad to chat. I know a bunch of property managers in Worcester I could put you in touch with or simply give you a feeling for how the process works in Worcester for my multi family buyers and their experiences

@Ryan Passamonti. You keep the loan when you move out. The key is to buy something you would live in. The prices are high and who knows where they will go. But the loan will stay the same. In an up market you can buy better properties. When the prices drop all you will be able to buy is junk. The key is to find the ones that are not on the MLS as those are bid up.

@Ryan Passamonti I would buy a small multi where I want to be and live in it. The easiest way to get started is to buy with a low down payment loan. Worcester is still a great market if you know where to look. There is a lot of stuff on the secondary market and lots of opportunities if you are willing to work your way through zoning

Great Job!  Hopefully with the success your wife will be on board with the next one!

There are lots of opportunities in Worcester you just need to do your research on the neighborhoods and know what you are buying.  would be glad to meet up if you make it out to worcester.  Every weekend there are about 5 open houses on multis, and that is a good way to see the neighborhoods and the inventory.  it will also show you the level of competition there is among buyers.  Same is true for inexpensive SF homes.