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All Forum Posts by: Daniel McDonald

Daniel McDonald has started 10 posts and replied 291 times.

Post: Hello from Boston MA

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

Hey @Lee Sanders, welcome! I am just north of Boston. On my second house hack, I am hoping to scale beyond small multis soon. 

Post: Lenders for 10% down on vacation homes (MA)

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

@River Sava could be a great option!

Both of my househacks are in MA and neither meet the 1% rule. It’s rare in MA unless you’re shopping less desirable areas. It’s 100% worth it if you are in an appreciating area and you can afford it. I didn’t house hack to just cash flow after I moved out. I house hacked to lower my cost of living, which i did. So don’t let the 1% rule hold you back. 

Post: Motivated and Ready

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

I’m in Essex county myself @Sam Horace. Always looking to connect with local investors! 

Post: What would your next move be?

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

Not in the cape but north shore of MA. I have two duplexes myself and in a similar situation of what road is going to be better. I still want to continue to invest in my backyard so I think I'll always keep an eye open for potential seller financing opportunities, especially with how high these prices are. Beyond that been thinking about rolling into a self directed IRA and doing some syndication stuff.

Post: How to ADU in Massachusetts

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

Looks great! I’m in Beverly ma and hope to do this some day. 

Post: Newbie and passionate about real estate

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

Thanks @River Sava! Hey @Ralph Saint-Phard you're in the right place! I am located in the north shore area of MA and got my two duplexes through house hacking but always will to share my experiences! 

Post: House hacking i would love to talk

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

What do you want to know? I am a 2x house hacker just outside of Boston. Highly recommend. I'm also pretty active on IG (@Househackandhustle) where I document my journey and try to create helpful freebies. Feel free to reach out!

Post: When do you know you are ready?

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

If I waited until I truly felt ready I don't think I would have ever gotten started. At some point you will just need to jump in becasue some things you will just never truly learn until you're in it for real.

Post: Summer 2024 First Possible House Hack

Daniel McDonaldPosted
  • Real Estate Agent
  • Beverly, MA
  • Posts 293
  • Votes 254

Thank you @Anthony Swain. Always willing to help a fellow hacker! Best decision I have made in the area.