All Forum Posts by: John B.

You typically want to have some good reasons why your assessment should be lowered.  Sales comps of similar properties that have sold recently may help, but those sales can't be foreclosure or short sales etc, they should be standard transactions.   You may also want to point out any significant problems with the property that the assessor may have overlooked.    I think it's definitely worth a try, can't hurt you.  I've done this a couple of times, and both times they lowered the assessment by a small amount.   

Check out Dave Van Horn..  there's a BP podcast with Dave being interviewed as well..

I would offer wholesalers cash!    What else could I be offering wholesalers?

Hey Paul, which REIA meeting did you go to?

So far with the very limited networking I have done, I seem to only find new wholesalers that are just getting started, but never really have done any serious wholesaling.

Where can I find those wholesale folks particularly in the Massachusetts area that are investing heavily in marketing and actually have a steady stream of wholesale deals that they send out to cash investors?     Ideally multifamily wholesale deals...  

Are there lists somewhere?   Online sites with serious wholesalers?    I do occasionally attend my local real estate groups.. but at the time wasn't actively looking to purchase more properties, but now I am ready to purchase more multifamilies.

Any leads at all would be greatly appreciated.

I've been reading Bigger Pockets for a while now.. but never have formally introduced myself.

I've been investing for over 20 years in small multifamilies in Massachusetts and Southern New Hampshire.    I have 12 rental units so far, but looking to add a few more for long-term income.   

I have a good amount of capital to invest, but my biggest issue is finding multifamily properties with cash flow potential that are not in slums in Massachusetts!    

Would love to hear from wholesalers, bird dogs, or anyone that can send deals and in particular off market deals my way.

If it was me..  I would put 3.5% down on a multifamily.. live in one unit..  rent out the others.. 3 or 4 family would be even better than a 2 family..   

Then keep as much of your remainder $70K as you can if anything is left!, and start saving for another multi-family using the rents from the first multi-family.  Get the first multi-family stable, all rented out, maintenance issues resolved.. before moving onto another property to keep your sanity.     In a year or two, you can even consider re-financing your first multi-family, and pulling out some equity, to buy another multi-family.

That's essentially what I did starting out with my wife back 20 years ago, and was probably the best financial decision we ever made.

Good luck!!

Hi Nate,

Saw your response to putting multiple properties under one policy then having an umbrella policy on top of that.

I current own 4 properties in 2 states and very soon will own 6 properties in 3 states and would be very interested in companies that could handle all the properties under one policy while hopefully providing some sort of discount.

Another thing I would be interested in having the title company do is running title searches on property for either free, or very little expense.. in exchange for me running all my business through them.

I've never had a relationship with a title company.. always just use the sellers title company.. so I don't know if what I'm looking for is reasonable or not.. Certainly have read about people using title companies for all the things I'm looking for.