All Forum Posts by: Devon Moore

Hi,

I am a have a real estate salespersons license in Massachusetts and want to get access to MLS. I am not working as a realtor, so I do not work for a broker. I am looking to purchase a multifamily property and want to be able to research properties through the MLS software. How can I get access?

Thanks for the help,

Devon

Hi,

I have been looking for properties and reaching out to random people seeing if they might want to sell.  There is a property I am very interested in but it is owned by a trust. Has anyone had experience buying a property from a trust or making offers to trusts in this way?  Is it beneficial for trusts to offer seller financing ?  Let me know if you have any advice. I appreciate it.

Thanks,

Devon

Hello!

I am planning to purchase my first multi-family property.  I have a background in accounting and my strengths are more on the business/ organization side of investing.  I do not have experience with maintenance or DIY projects.  There is someone I know who is older, has a lot of experience with maintenance and has owned multifamily properties in the past.  

I would want his help with my first property, but I am considering how to approach this.  My two options I thought of was to ask him to handle the maintenance of the property and I could pay him like a property manager, or ask him to partner with me.  I feel paying him like a property manager would not be worth it to him, especially since all I would need him to do is maintenance and do some updating. 

If I ask him to partner he would handle the maintenance and renovation, but I would want to control the everything else.  Has anyone partnered with anybody like this?  Do you do joint tenancy? Would you split the ownership 50/50? How would you determine the earnings split?

Any insight is appreciated.  I know I asked a lot here.

-Devon

Hi all,

This is my first post but have been reading a lot on BiggerPockets.

I am looking to make my first investment in a fourplex.  There is a property I am interested in that is owned by an older/retired individual.  I want to offer him a deal including seller financing.

I am considering this offer because he is retired and older.  I know someone living in the building and the owner takes forever to get things done and still does all maintenance on the property.  I feel like offering seller financing will allow him to have monthly income from this property without doing any work, also it will benefit his taxes by not receiving a lump sum.  I am only cautious and haven't offered this because if he is not financially savvy, I feel seller financing can be daunting.  Any advice?

Also, what is typical for a down payment in this case?

Thanks!

Devon