All Forum Posts by: Eric Swenson

@Nathan Eaton want to meet by the middle door outside of the keynote hall at lunch time? I’m wearing a blue polo and cape cod hat

@Bethany Turon are you in the networking area on floor 2?

Hi All - Looking for any investors who are attending BPCON who invest in New England to get a meet up during one of the breaks of the conference today or tomorrow

#meetup #maine #newhampshire #vermont #massachusetts #rhodeisland #connecticut

#bpcon #bpcon2021

Hi All, my local market (Central Massachusetts) is pretty overheated right now.  Junky triple deckers going for 350-400k, some sight unseen, a lot of cash offers.  So I've started branching out further into the suburbs and what I see is a lot of towns where you can buy a good cash flow deal, like 220-280k with rent around 3500-4000 a month, but where there's likely little appreciation.  Many of these towns also have little to no population growth (none have declined that I've seen yet).  Should I be weary of this, or just go for the cashflow opportunity and factor in doubled vacancy rate on the OPEX?  Keep in mind this would be my first deal, so I think there's definitely value in just getting that first property, and these ones would seems to make great cashflow guaranteed in the next 5 years.

Great point Jaysen - I checked one out online but will call them to see if they want to beat what I got.  Appreciate your perspective on the closing costs being a little high.  I'm going to try to negotiate those down as well.

I got a quote for a 3.75% 30 yr fixed with $5200 in closing costs for a refi of my primary residence (doing this mostly to eliminate PMI). Current rate is 4.125% on a 30 year fixed, and I'm 2.5 years into it.

Hi Florian - I'm just getting started too, based in Worcester county. Curious to see what people have to say