All Forum Posts by: Devlin Harding

Accounting for taxes and current PITI my number is closer to 700-750 monthly. I accounted for PITI, but cannot believe I forgot about good old Uncle Sam. Having now done it, I like the strategy of buying undervalued, living in it while fixing it up and renting out when your ready for the next one. Unfortunately this seems like one of the only viable options for me because of financial restrictions, but that's why I'm looking for any other creative ideas that anyone has so I can speed up my momentum and acquisition rate. I like fellow entrepreneurs am willing to do anything and everything to get after it. I appreciate the opinions.

Welcome @Jacob Geller,


I am familiar with the north shore area right outside of Boston and Northwest of Boston. I highly recommend checking out these areas if the inflated price point of the immediate Boston area is proving to be a barrier.

To provide a little more insight: My goal is to one day have Financial Freedom.

I have a multifamily that I purchased through an FHA loan. I live in one unit and rent the other. If I were to move, I could definitely cash flow approximately $1100 a month after expenses. The property has appreciated about 50k higher than what I paid for it according to appraisal. Any strategies for my next move? Thinking about getting a Home Equity Loan and using for a down payment on the next property. Any thoughts on if I should possibly do a conventional loan and purchase a single family that I believe is undervalued? Keeping in mind reserve requirements, it just seems as though the first move to purchase was hard enough as it is, but now as I prepare to make my second purchase/investment it seem to be dragging my feet as I look for "The Most Value Maximizing Decision". A big part of that is due to my fear of opportunity cost and knowing how long conventional financing takes and how many hurdles it has.

Gotta love BP. All great answers and super insightful.  Thanks Charlie, sometimes its good to ask even the most obvious of questions to fully understand all options and perspectives.  Some may argue the terms of the loans don't really even matter if the deal really is that good.

Any advise if recourse is your only option? Especially for those who are trying to move from single family Residencial to  Apartment complex style strategies?

Thanks guys. Are there any benefits such as a lower interest rate? Any scenarios where it could be?

Are there any benefits of Recourse Loans? Or are non-Recourse loans always a better decision? Specifically for large apartment building purchases.

I would search "Motivation" on Youtube. Tons of 5-10 minute montages with tons of motivational quotes and speeches. I listen to one every morning. As soon as you wake up, for the first 20 minutes they say your subconscious mind is most impressionable. Play one video while you brush your teeth or make breakfast. And ALWAYS and I mean ALWAYS..believe in yourself. Believe in your ability to persevere through any tough time. Year's from now you'll be much smarter and more successful.