All Forum Posts by: Joey Shaw

 Thanks Mitchell!

 Excellent, thanks Eddie!

 Thanks Chris, I appreciate it - I'll check them out!

Hey guys,

I'm looking for a real estate attorney in Maine that can help me write up seller-finance contracts/offers and promissory notes. 

I've tried a couple in my area (Rockport) and I'm not happy with the level of communication or timeliness. 

Any guidance would be much appreciated.

Thanks in advance,

Joey

 I'm in Rockport - right in the middle of Bangor and Portland. I'd love to connect and get more info on those meetups, thanks!

 When you say "serially" - can you please elaborate? Do you mean find a multi, live in it for a couple years, then rinse and repeat?

Hey guys,

I'm in Maine and having a tough time deciding where (and what) to start with. I'm a realtor so I can get into places (in Maine) pretty quickly. I've checked out single families, 2-6 units, out of state (mostly PA because it's the closest "landlord-friendly" state to me), and smaller commercial. I have been leaning towards SFR because I like the idea of the tenants paying for everything. I also lean that way because most of the multis in my price range in this state are built in the 1800s and I cringe at the thought of the upkeep on them. For out-of-state stuff, I have a hard time because I don't know which areas, contractors, and property managers are good and trustworthy.

Any suggestions of where to start would be very much appreciated. I've been stuck in limbo for years and I just need to take action. I'm hoping your feedback will help get me going in the right direction...

Thanks, in advance, for any guidance you can provide!

- Joey

Hey guys,

I'm a Maine Realtor with a property coming to market next week (will add the link once I have it posted but wanted to give y'all a chance before I do). You can see some older pics online for the time being (getting professional pics taken Monday). Comes with a strong rental history of college students in the area. Owner has had the property since 2005 and it's been rented out since. Lease in place until June 2024.

Address: 328 Fourth Street, Old Town, ME

Vinyl siding, new electric water heater, updated electric to breakers with nob and tube disconnected, foundation in great condition, and new windows throughout.

* Public water/sewer

* Tenants pay electric

Price: $215k

Rent: $1600 (under market)

Coin-Op Washer/Dryer: ~$4-500/yr 

(Coin-Op Machines will be included in the sale)

Annual Expenses (2022)-

Taxes: $3,311.67

Plowing: $360.00

Insurance: $1,554.11

Oil: $2,950.00 (this is the cap built into the current lease, anything over billed to tenants. This was price before current owners put in a brand new Electric Heat Pump water heater this passed Spring)

Water: $325.19

Sewer: $513.19

Please shoot me a direct message if you're interested or have any other questions.

Thanks!

- Joey Shaw

 Hey Bethany, 

I shot you a message. Looking forward to hearing from you. 

Thanks!

Thank you all for the advice! I'll give these other methods a whirl.