All Forum Posts by: Cody Maheu

Hey, I would love to connect if you wouldn't mind virutal! My two partners and I just finally about to close on our first duplex in Augusta. We are out of state but I am a Maine native. Keep me posted if you hear any virtual meetups.

@Bethany Turon Let me know if y'all end up doing anything virtual soon. We are finally closing on a duplex in Augusta to start our journey! Would love to catch up and talk shop.

@Twana Rasoul

Yes, of course, I have already started to look in my own backyard.  My top priority is lowering my own expense for living by using OP's rent. Currently, I only pay $800 for rent (I share a 2br/2ba) and would like to reduce that number if possible.

I agree with your options as well. 2-4 unit would be ideal as long as the cash flow is there (or lowering my expenses). I have seen multiple ADU's for sale but nothing that strikes the eye just yet. SFR would be an alright option but I don't necessarily want to live with more than 2 other roommates unless the deal is too good to pass.

Since I do have the option of being able to leave San Diego, I want to keep that available to me as well. San Diego has lost most of the sparkle due to COVID and many of the people I met out here have moved away. I don't mind relocating to somewhere inland where I can reach financial freedom in a more suitable environment. 

Thank you for your response!

Hey BP! I'm still weighing out my options for entry point into RE. I have the unique opportunity of graduating this Spring and I am not attached to my current location (San Diego). What are some good markets to look into that have a good balance of tech and real estate? I would love to set up a house hack with either roommates in a SF or get some tenants in a 2-4MF.

Hello BP! I'm currently looking for a house hack in San Diego ( along with a couple OOS strategies elsewhere). I came across Lake Elsinore which is a bit further than I originally wanted but the prices are better. Anyone familiar with the area?

@David Zall 

Thanks, I'll check it out!

As the title suggests, I am looking for more information about how SFH's and MFH's are appraised at. I am also looking for any rehab resource to get me comfortable with analyzing properties and help estimating repairs. Does anyone have any good book suggestions or other resource for a beginner? Rehab is my biggest barrier when it comes to the unfamiliar.

Some background: I just finished BRRRR book and just opened the long-distance real estate investing book. My market right now is in southern Maine but I may be open to new markets as I gain knowledge.

Thank you!

Hey BiggerPockets, I hope this doesn't break rules for posting. I'm still in the educational phase and am playing the "what if" game since I'm still raising capital for an investment. I was looking at this property and realizing how it is not at all functional for the size of the property. How would you rehab this place to make it more functional?  I am curious of how you would go about analyzing the best bang for buck. Here is the link below: https://www.redfin.com/ME/Oakl... Again, just playing the game of if this was 40k cheaper but had the same setup.

Thanks everyone. I called the zoning office today and I guess it never was a multifamily nor will it be able to change into a multifamily.

Hey BiggerPockets,

I am still in the educational phase learning how to analyze deals. If a property was initially zoned as a MF and then it was re-zoned to a SF because it was vacant for a while. Would there be any major factors to get it re-zoned back up to a MF? I plan to call the zoning office in the district tomorrow. How long does this process usually take?

Also, on a complete side note, is it a red flag if a property in the north-east doesn't have a heating system for a period of time in the winter? I am most interested in the BRRRR strategy but don't have a construction background. I don't mind putting in a new system but don't know if it affects anything else.

I don't mind posting the link on Redfin to the property, since this is all for educational purposes, as long as it's allowed. (I couldn't find the post rules)

Thanks!