All Forum Posts by: Jeff Verreault

Michelle, where is the property located?

That’s so true about entitlement typically a long process no matter the size. We are currently working through town approvals on a small mixed use development.  Zoning Ordinances are often not ‘black and white’ and municipalities will protect themselves or be persuaded by the public when making decisions. 

?@Reed Baker I don’t have any advice as far as starting investing in real estate out of college. That’s fantastic that your not wasting any time. Out the two options that you provided in your initial post: Buying a multi family in Brunswick or House hacking in NYC, I agree with some of the the other advice,  Now might be a good time to grab opportunity in New York. This is especially true since you’re going be living and working  there.  I live and invest in Maine and I know the Brunswick area. The major draw there is the college. Was your thought that you would rent the multi family units to college students or general public?  Is there a steady market students looking for housing? Also students typically want to rents for the school year and not year round.  

Wyatt,  this sounds like a great opportunity depending on what you can get the land for and how you can structure it with the seller and lender.  Maybe you could scale down the construction into several smaller buildings and build one at a time. Maybe by you living in one of the units in 1st building the lender would require less of a down payment. Other option is to bring in investors. Construction costs are very high it’s true but it you work with the seller on estimates before you purchase the land.The lender will want to see that before they lend you money for the project. Just make sure that you check their estimates for accuracy. 
Good Luck! 

Arn, I’m looking for a syndication coach as well. Do you mind if I PM you directly to see where you are in your journey?  Thanks, Jeff Verreault 

 Zachary,  Welcome and Good luck with your RE investing career! I think you'll find lots of information and networking possibilities on BP.  It can be a bit overwhelming at times; I suggest setting up keyword searches for your interests if you haven't already.

Amanda,

I am located in the southern Maine coastal area. You are probably on the track already, but are you doing about property management for Airbnb's?  There are a lot of Maine vacation homes owned by out of staters that want to cover some or all of the cost of their vacation home.  I'd be happy to help!

Jeff