All Forum Posts by: Dimitri Savidis

It seems that my only non-private mortgage options are FHA and a conventional loan at 25% down. I apparently make too much to take advantage of state / agency-backed loans that allow for lower than 25% down.

I’m 25 with no existing real estate equity to leverage and relying on savings / liquid investments (e.g, stocks) to fund myself. Are there more financing options out there for me that allow less than 25% down??

I plan on acquiring my first property this year through an FHA loan. I'm eyeing multi-unit for monthly cash flow.

I mean to treat this purely as an investment property and will bite the bullet of living in a property for a year. Given the purpose of the FHA program, would it be wise to hide my intentions to prospective lenders?

Thanks!

@Anthony Vicino This is great, thanks! 

To answer your end-goal question: The way I currently perceived where I want to be is maximizing monthly cashflow through multi-tenant property.

Beginning the quest this year for 2-4 family properties, but have been running the numbers and getting to a - let's say - $10k/mo cashflowing portfolio might be tricky with 2-4 unit properties only. The likely road will be to start small with 2-4 unit properties & work my way up to bigger deals. Maybe I'm even thinking too small with that $10k target. 

I've been running the numbers on how I could possibly get to bigger deals (given equity on properties I would theoretically be holding at set times in the future and how I could leverage to free up capital). Before I really start modeling out the numbers in detail, I just wanted to know what the optimal way of going about scaling would be.

I think I'm more interested in making sure I have access to capital at the right time and avoiding any procedural barriers (e.g., "this would've been so much easier if you had gone with this type of loan, or if you bought these two properties here, etc.")

It's probably a "you'll figure it out as you go" type of thing, but if there is anything I can do now, I would want to be aware of those things!

Hi all,

Two questions here:

1) What are some of the financial efficiencies you achieve when you get to scale in rental properties (e.g., property management savings)? Other synergies / efficiencies that help your bottom line?

2) What have you done to best set yourself up for scaling up? Anything from freeing up capital to buying in the same locale / region to manage properties easier, etc.

I'm just trying to think ahead as I'm start to think about my portfolio and how I want to play in this space.

Thanks!

What trends are you seeing in MA related to COVID (e.g., WFH so more people moving to towns from the city) and how are you taking advantage? Hot markets to look out for?

@Michael Pallotta Thanks for the advice, Michael. When I’m in a better position in about a year I will definitely need guidance.

@Charlie MacPherson Thank you, Charlie. Really appreciate the insight! I will be looking more into those areas.

Hey @Dan K. Appreciate the insight. I will be looking more outside of Boston rather than in the city itself (pretty much any area that is T or commuter rail accessible). The caveat with this investment is that it arises from my need to live in a space closer to work (currently commute from central MA and it is just not sustainable for any substantial length of time). That means I have to determine where I’m comfortable living and in what environment (ie. I could find a good deal in a less safe neighborhood but would I actually want to live there for a year?). These are things I’m going to have to hash out.

Hello everyone. Recent college grad here currently working in business management consulting in Boston, MA. For the immediate future, I’m looking to purchase rental property to house hack my way through my early 20s. Maybe I haven’t hit a large enough sample size yet, but it seems to me that much of the focus of BP podcasts has been on cities in the South, Midwest, and West. I would like to get a sense of what the Boston-area market looks like from the perspective of a new entrant who has no deal experience and is probably standing on a smaller capital base than most other investors in the market - a market that is probably priced higher than most other cities mentioned most frequently on BP podcasts. Can anyone give me some color on the Boston-area market? Is it a no-go zone for new investors?