All Forum Posts by: Jonathan Guerrero

@Ryan Howell thank you that was a great post and great advise. 

Did you use HM on that property?

The property I'm looking at right now would be bought and rehabbed using HM and with current numbers I do not think the HML would be able to get paid out at the refinance.

ARV: 390
rehab: estimated at 110-115k 

 The seller is asking for 289k but there is no way that would work using the 70% rule. 
market rents: 1500 each unit since we are looking to add a bedroom in each unit and there’s a bonus unit on the third floor (basically a three unit but wasn’t reported with the town) 

Hello everyone,

I am looking to make an offer on a multi family using HM. However, this would be my first time. I am looking for advise or formulas you guys use to come up with an offer price that makes sense. Possibly using some real life examples. It would be greatly appreciated. TIA!

Hi everyone,

would anyone be willing to share recommendations for a local bank or credit union they have worked with currently or in the past? I'm looking for one that has worked with investors using PM as down payment assistance. TIA! 

@JoshCaldwell thank you for that information. Makes it a lot easier to understand how you put it! I will keep that in mind.

Hi everyone,

I have recently been introduced to wholesaling and I was wondering if anyone could share some advice on how to do it successfully. What are the most important things to know before getting into this? How are people finding motivated sellers? How are people building their buyers list and connecting with those buyers? What software have you found to be the most beneficial? My ultimate goal is to have buy and holds using the BRRRR strategy and even get into flips, but I figured this would be a good way to network, get some capital, and help bring value to both buyers and sellers.

I currently live in Massachusetts. Would love to connect with any and all investors! Thank you in advance. 

- Jon

hi @Jonathan Bombaci thank you for sharing your link. I will be at the virtual meetup and I am looking forward to it!

Hey @Alland Jerome. Always looking to make new connections. I'll send you a message.  

Hi @Ryan Corcoran and happy fourth! I have not heard of the first two areas, but from looking at Google Maps they are a little far from where I am. Fall Rivers isn't too far and I have heard mixed reviews, but I'm sure there is opportunity there like anywhere else. 

I'd love to hear about your strategies and type of investments you're doing in those areas! I will send you my contact info and we can set up a time to chat when you have free time. I will look at the meetups from the person you mentioned. Thank you and good luck.

Jonathan Guerrero

@Anthony Dadlani Thank you and happy fourth! Iv'e actually found that this area has potential for great investment opportunities. Multis here are appraising 300k-375k with good rentals iv'e noticed people are buying some of these distressed properties in low to mid 100k. It's in between some Worcester and Boston and Providence in Rhode Island. I intend to look for some properties here and have already started sending direct mail. I am figuring out the whole financing aspect in case I do get a motivated seller. 

What areas are you doing your fix and flips? 

Jonathan Guerrero

Hi everyone, I've recently purchased my first duplex in Blackstone, MA. I would love to meet and connect with other local investors in the central MA area to talk all things real estate and potentially partner for future deals. I'm eager to scale and have big plans to purchase more rental properties in the future. I am also interested in fix and flips. I want to continue to learn as I am new to RE, so if anyone is willing to meet or have local meetups to share please send me a message. Thank you!