All Forum Posts by: Chelsea Owusu

@Todd Plambeck thanks for the giggle, Todd lol.

Just to piggy back, if the tenant chooses to stay & pay the increased rent after the 60days, what is the best way to update their unit around them? I agree, the rent should match fair market value, but the unit could use an updated bathroom, paint, & other cosmetics.

Are these easy tasks to accomplish while the tenant lives there or should I consider paying for them to live elsewhere during the reno work?

Thanks in advance!

@Andrew Freed oh wow, did the water heater & gas leak not show up in the inspection? I've been thinking of condos for my next deal, but HOA fees sound like they'd eat up my profits. Any insight?

Good point. My agent said he’d represent me in these scenarios, but it is likely the seller will want cash or hard money. These deals seem more attainable price-wise, so Im not going to disregard them outright

Yes, rn Im limited to FHA or Mass Housing. I get MLS listings from my agent so hopefully I get accepted on a deal soon👌🏾 thanks for all the info!

Hey @Ashley Njiru !! Thanks for reaching out :) so glad meeting someone from the local area! Yes, your intuition was right for sure. I think Boston will be a place I delve into on my 2nd/3rd property once I’ve got some experience under my belt.

Wishing you the best of luck! Lets stay in touch

Hi @Tom Wagner ! Welcome to Mass (almost). A 4plex would be a nice addition to your portfolio. The downside I’ve noticed w/ properties in Boston is that they are high priced & the market appears saturated (but I will leave that to more experienced investors). Rising cities in MA are Worcester & Lowell which I would say are worth checking out

Best of luck :)

@Andrew Freed what a coincidence, my brother closed on about the same deal in December, congrats! How is it being a landlord thus far? Agreed. My biggest fear is that I will rush, and end up overpaying for a deal. Any tips on FSBOs or off market deals? Primarily multi-unit

@Aaron Montague thanks for all the insight! Will def bring my scenarios to BP once things are more tangible👌🏾

@Aaron Montague

Looking forward to acquiring. Right now Im searching for a good deal & hoping not to end up overpaying

That’s a bit more reassuring to hear you say that. I think what steers me away is thinking the people I hire will rip me off lol

@Aaron Montague nice! You’ve got quite the portfolio. Was it difficult buying out of state?

Agreed. Definitely a growing market which is why Im trying to get in on a deal now before prices are too high. I also grew up there so Im looking to house hack w/ an FHA or Mass Housing

Hey @Aaron Montague ! Currently I’m looking at multi-units in Worcester. Hbu?

I am a new rental property investor looking to make connections in the state of Massachusetts. Don’t hesitate to reach out!