All Forum Posts by: David Banville

I live in York ME and have a possible chance to buy some land from family farm land. The land is in a great area where myself and wife want to live. High land value for a great deal coming from family. My thoughts- Build on the land (single family), when finished, refinance and use the equity for a down payment on a 3 family. Is this something that can be done with a brand new building? Estimates- $60k land, 240 new construction home, so looking at roughly $300k into bank financed construction loan. Homes near by go for 300-1m near by. Are there any pros and cons in this method? The land is still in debate between the family and nothing is set on paper and just all talk. The numbers are guesstimates and should be close. I just want to figure this out just in case, it differs from my current plan for owning real estate.

thank you all! Very big help !

Just starting out and wondering, what's happening with the town I will be investing in?  What's being built, where? Is there a building going down? How about new companies migrating to this area? This year, the next, 5 years and 10 yrs down the road. There must be something out there that has this information. I'm looking in York Maine and Portsmouth nh. Does any have an idea where I can look? I'm more interested in a magazine or flyer but an Internet site would be best.

I am just figuring this out myself and I am 28. I grew up renting, as well as my family. We didn't know any better. I have friends in real estate that tell me this and it is making sense. So I be leave it has to do with the was we teach our children and the fact that the school system DOESN'T education our kids for success.

I recently joined BP couple days ago and I have been listening to podcasts for around a week now and love them! I am currently working on my electrical journeyman license for MA and have been working in the trade for 9 years in the Boston area looking to learn as much as I can. Happily married with 2 kids

I recently joined BP couple days ago and I have been listening to podcasts for around a week now and love them! I'm in the York me area looking to learn as much as I can.