All Forum Posts by: Daniel McDonald

@Brittany Myrick welcome! I am a two time house hacker in Beverly, MA. Both are duplexes and have been a great decision for me. Always happy to connect, share resources, or do what I can to help. Feel free to reach out! 

Hey @Eder D. my wife and I are house hacking our second duplex in Beverly which is about 40 mins north of the city. It’s a great town, solid tenant options but low Inventory. Salem is the next town over and that’s probably my favorite one if you’re looking north shore. Plenty of multis. Boston area in general isnt is to live fire free unless you get super creative but I’m not sure you and your wife want to sacrifice too much. Ya if you can swing it Somerville is awesome but expensive and very unlikely you’d live for free. 

Also it’s important to check commutes and where you need to go in Boston because when I lived in Somerville and commuted downtown it took me longer than my friend in Reading (which isn’t the city). Public transportation is kinda wanky here.

happy to connect! 

@Dave Estochen I used a heloc to finance the Reno on my second house hack in Beverly, MA. At the time my rate was like 4% and now it’s 10% so agreed with everyone else I wouldn’t do it for long term stuff, but then again I know people who do and it doesn’t seem to bother them so I guess it’s more how comfortable you feel. 

I used Hanscom credit union, which I hear a decent amount from other investors in MA. It was a pretty easy process. 

@Jonah Goss not investing in notes but have a few rentals in Beverly. Always looking ti connect with local investors. 

@Daymian Mejia I am a 2x house hacker and agent in the north shore. Working with house hackers is why I got my license in the first place. I'm pretty active on here and IG (@HouseHackandHustle). Happy to chat, share my experiences, or help anyway I can. I usually host a meetup too every month or so. Feel free to shoot me a DM. 

@Kyle Roderick STR Secrets with Mike Sjrogen. It's great. None that way. I stay local. I host one myself. And try to make as many as I can around Boston or up this way. Went to one hosted by Pace Morby last Friday. That was pretty cool.

@Kyle Roderick that’s awesome. I like that market for STRs. Is this your first one? Who was your agent? 

It's simple. Regardless of how you feel about any of those major cities, there will always be people who want to live there, even at an insane cost. That's safety in numbers. 

 I was using the BP calculator for awhile, but honestly it’s more than what a house hacker needs. So I made a spreadsheet. Been trying to actually make a new one that’s more HH focused.