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All Forum Posts by: Paul Timmins

Paul Timmins has started 2 posts and replied 7377 times.

Post: First time buyer & new investor: Is it a good time to buy now?

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Elif Erguclu

Have a buddy who filled a 3 family for an out of state owner with students 10 beds she takes $100 a month off the top for each bed. She is making $1,000 a month on a property she doesn’t own nor manage.

Paul

Post: Good Morning! New investor from Maryland

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Matthew Lindsey

Welcome, thanks for  your service. Have a buddy who closed deals including a 242 unit while deployed.

To find out about an area go to loopnet search the are get 5 property packages find the 5 pages in each talking about why this is the best area to invest in real estate copy and paste into a word doc you now have 25 pages as to why this area is good these are your talking points.

I have an article a walk around the country identifying good and better markets EMAIL me for a copy.

Paul

Post: Hi from a newbie from Queens :)

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Jennifer Corredor

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com Check for the local landlord association meetings.

Check out getting a PM firm go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.

Consider Brandon Turners Rental Property books.

Paul

Post: New Member Introductions

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Emmanuel E.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Paul

Post: Newbie from San Francisco Bay Area

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Chatree C.

I have a document its a walk across the country iding good areas EMAIL me for a copy.

Paul

Post: 23 year old Newbie from New Orleans, LA

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Johnquel Jones

Welcome time to build the legacy.

Check out the Start Here page http://www.biggerpockets.com/starthere

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Paul 

Post: Researching A New Market

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

Wesley

Go to Loopnet search the area of interest pull 5 property packages find the 5 pages in each that talk about why it is the best area for real estate. Copy and paste them into a word document. In 15 minutes you have 25 pages about why this is a good area.

I have a document which is a walk around the country EMAIL me for a copy.

Paul

Post: Best Places to Live and Invest in Massachusetts

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Isaiah Oloyede

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Go for the investment value you can always resort to private schools.

Paul 

Post: New Member - Dayton, OH and vicinity

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Auston Hensley

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Paul 

Post: Looking for investor friendly CPA referrals in Massachusetts

Paul Timmins#2 New Member Introductions ContributorPosted
  • Specialist
  • Rockland, MA
  • Posts 7,730
  • Votes 2,248

@Aaron Samuel

You might check out Amanda Han who is active on BP wrote a couple books for BP she is not Mass based but doesn't have to be.

Paul