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All Forum Posts by: Daniel McDonald

Daniel McDonald has started 10 posts and replied 317 times.

Post: Can I use an FHA twice???

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

I used an FHA twice in less than 3 years with two duplexes that are about 2 streets over from each other. Didn't really run into any problems because I refied into a conventional loan on the first one when I was still living there. Not that this matters for your case (unless you want to use it a few times) some lenders wouldn't do it for me because the house was within 100 miles of the first, but they're other lenders that can work around that. Good luck!

Post: Just Joined Bigger Pockets, located in Boston, MA!

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

Welcome, Andrew! I am a 2x house hacker and agent in Beverly, MA. Learn as much as you can, go to as many meetups as you can, and listen to all the podcasts but don't be afraid to jump in! It'll be scary no matter what😂 

Post: Medford, MA - New to investing and looking to network!

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

Hey John, I am located more north in Beverly, but Medford is awesome. I've been house hacking a few years and love it. Totally recommend going that route to start. Always happy to chat! 

Post: Aspiring investor hoping to make connections with others in New England

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

Hey Dan, happy to connect with you. House Hacking in North Shore, MA but grew up about 40 minutes from UCONN. Big Husky fan. Wherever you end up house hack as soon as you can after college. It's SUCH a game changer. 

Post: Best Boston Suburbs for House Hacking?

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

I was in the same boat a few years ago. I convinced my now wife to go on this house hacking journey and the compromise was no roommates. We're currently house hacking our second duplex in Beverly, MA. It takes her about 40 mins to get to her office downtown and we really like the area, but obviously a different vibe from Cambridge. When we started we looked a ton in Everett to be close to the city, but ended up in Beverly. Luckily for us, we loved it. I'm also an agent in the area and slightly biased to the north shore 😂 but always happy to chat about this stuff or tell you more about my experience. 

Post: Newbie looking to house hack a MFH in the greater Boston area..

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

Hi Linda, 

I was in the same spot a few years ago. I am currently house-hacking my second duplex in Beverly, MA. I was so hesitant to house-hack in such an expensive area vs. buy something for 100k out of state and do the long-term game but man I'm happy I invested in my own backyard. Especially when anywhere around Boston is an appreciation beast. I am also an agent if you'd like to talk through any options or just hear about my experience. I'm slightly obsessed with talking about this stuff😂 

Post: House Hacking North Shore MA

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 319
  • Votes 275

Hi Joe, 

I am a newbie to real estate investing but really looking for a duplex in the north shore area within the next year (assuming possible). Very interested in house hacking.