All Forum Posts by: Christopher Underwood

@Ryan Wittig who did you end up using for your Heloc?

Need a bridge loan (6 or 12 mo) on 4 unit rehab that is maturing. 1 month from completion.  Full blow appraisal came back when finished (4-6 weeks) at 365k. Our current refi option fell through (lender only loans on is value (190k) and the appraiser stated there are no comps for un complete projects and didn't include our to date renovations. Closing, title work etc. in place. Property in ME any lenders that can move that fast?

@Nicholas Herold I sent you an email

Second unit needs a full reno, the other 2 units and exterior could use some cosmetic updates.

Market rents for 3 beds range from $1,100 - $1,400. Email [email protected] for more info. Comps range from 275k-315k

Value add opportunity.

Two 5 unit buildings. 650k

Fully occupied undermarket rents. Opportunity to renovate, increase rents to market.

Building 1

Five (1 Br) units $650-750 current rents. Market supports $750-$1025 per one bedroom

• Taxes $3,146
• Water $326.71
•  Sewer $847.74
• Insurance $1,202
  CMP $181
• Oil $3,542.36 (1,495.3 gallons).

Building 2

Two (1Br) units $600 current rents. Market supports $750-$1025 per one bedroom

Two (2 Br) Units $800 current rents. Market supports $1000-$1200

One (3 Br) unit $700 current rent. Market supports $1200-$1600

• Taxes $4,413
• Water $547
• Sewer $1,380
• Insurance $2,003
•  CMP $564,
• Oil $4,790.59 (2,022.2 gallons).

Please email [email protected] if interested.

@Nicholas Herold as Harrison said, the markets you're interested in are very attractive to invest in as well as becoming very competitive as interest/demand is growing rapidly here. I am a CPA at a firm in Chestnut Hill, MA but live and invest in southern Maine. Feel free to message me if you want to discuss your tax needs further if you're still looking for someone.

HI Peter,

I'm a CPA/Investor located in Chestnut Hill. Feel free to message me if you want to discuss your tax/advising needs further.

Hi Susan,

Is this still available?

If so can you send me additional information to [email protected]

Thanks,

Chris

Hi Mike,

I am interested in properties in ME, NH and MA. Email me any deals at [email protected]

Thanks,

Chris

HI Trainor,

Welcome! I am a newer member also. I am originally from Alfred and I house hack in Kennebunk now. Lots of great resources on here! Let me know if I can help in any way!