All Forum Posts by: Jarrod Askin

Hi Everyone, 

I am a multifamily investor is southeastern MA! I am currently looking for my second investment property and slowly learning the ropes. 

I was able to find a 4-plex in my area that is sitting completely VACANT! The building is in pretty decent shape with some minor cosmetics that need to be done. I was able to do a title search and find that the city has tried to take this property back every year for the last 4 years due to the owner defaulting on taxes. It sounds like this property has been a massive headache for the current owner, and I see nothing but opportunity.

I am stuck at finding how to contact the owner, and begin the direct mail/phone call. I cannot find a primary residence mailing address or phone number online (easily that is, after about 15-20 minutes of searching, I came here!). I assumed when I did the title search, it would list the mailing address as well but to no prevail. 

I know I am missing a small step, so what is it?? Thank you! 

Hi everyone. I am looking to begin my real estate journey. As with many things in life, the scariest step is the first one. My plan for my first rental is to purchase a house for my brother who will be a freshman in college this coming fall. The plan is to have my brother and 3-4 of his friends live in the house. College students typically sign for housing in the spring so that gives me around 1 full year to plan and save for this purchase.

My question I have is this: Would I be able to have my brother co-sign (since he will be living there) and avoid having to put 20% down? I am not confident I will have enough money saved to put 20% down within 12 months. Obviously 20% varies based on home price. If having him as a co-signer to be able to put say 3-5% down is not doable, are there any alternative routes I could take that would allow me to avoid having to come up with 20%?

If he is able to co-sign, is there anything specific I would need him to show for? Ex. Income, credit, etc.

I am  leaving a Master Mind group meeting in Puerto Rico. This has 12 different RE associations from across the Eastern U.S.

So one of the guys who is apparently not as experienced as I thought as this was his first STR house apparently had to dump his really nice Lake House in TN. It was a very nice house, but I thought it was too rural when he bought it.

He did not properly vet the property. He likely paid too much and I'm sure he didn't properly check the occupancy and nightly rates. He might have depended too much on Airdna but not sure on that.

I think we will be hearing more and more of these type scenarios on improperly vetted STRs.

Hi all,
Is standard real estate commission at a full-scale brokerage still 6% to the seller? Somewhere in my mind I feel like I heard 5% is the standard when selling a high-end property (mid 7 figures). Am I just making that up? 

We’re seeing as low as 4% in MA.