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All Forum Posts by: Chad Duval

Chad Duval has started 9 posts and replied 94 times.

Post: Massachusetts Rental Investing

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

 Build a network. Hustle. Take action. 

Post: Difficulty of getting a loan in Morgantown WV

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

This may sound blunt, but only a bank can tell you if and how much you qualify for. Buying a multifamily may be your best option though. You can apply 75% of that income to your DTI.

Post: NH INVESTORS

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Cody Marchant:

Hi BiggerPockets, it's been a while.
My name is Cody and I am a young aspiring real estate investor. I found a great deal in my area but don't have the credit to move on it so I was looking for a list of investors around New Hampshire looking for any leads. Might as well network and make a couple dollars while I start on my journey, thank you all
Cody

 Cody, can you post more details about the deal?

Post: Need a great Lawyer and CPA in Southern Massachusetts

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Matthew Forbes:

If anyone has any suggestions on terrific Real Estate attorney's in Southern MA I would appreciate it, I also need a solid CPA.   

Thanks!

She's not in MA, but I've heard that Amanda Han is great. Check out Podcast 49.

Post: Underwater on a rental property in NY -- any ideas?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

@Jamie Gruber how much principal is being paid down each month? If its $400 or more, I'd keep the house and use your Boston HELOC to double down on another property.

Post: Where do you invest? (San Francisco is insane)

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Aaron L.:

"it's not who you know, it's who knows you."

 Love this piece of advice

Post: Member from Massachusetts

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Welcome, @Navya Rajput!

Post: Any Renting out Condo's in Cambridge MA?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

 Yeah, I mean cash flow. I'd never buy for appreciation...

Post: Any Renting out Condo's in Cambridge MA?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

I don't have experience, but I monitor this market a lot. t's extremely hard to find any piece a real estate near those campuses that actually works out financially.

Post: Can I add a legal rental unit in basement (Boston - Dorchester)?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Maureen F.:

Hi, I'm a newbie to this great community!  Currently my son is buying a three unit house in Dorchester.  The basement has a high ceiling, about 12 feet.  The seller mentioned that at one time there was a unit down there, long before his ownership, although I don't see mention of it in the building permits.  How hard would it be to get approval to develop a unit there?  What are the criteria and process?  I know you need two means of egress.  Thanks for any and all thoughts!

 If it's zoned as a multifamily, I'm sure there wont be any zoning issues. Does the property have a septic tank or sewer system? If you're going to be adding rooms, you may have to upgrade your septic tank. Not sure how it works with sewer though. I only have experience with this with single family homes... I would definitely email/call the Building Department of Dorchester though.