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All Forum Posts by: Joshua Poitras

Joshua Poitras has started 48 posts and replied 175 times.

Post: Need help finding an Asset Manager for PennyMAC in North East

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Rich Hupper

  Hey Rich, 

Yes, I guess getting to them is pretty hard but I am going to attempt to start "nurturing them" in hopes of being a go-to REO agent for what I hope soon is the next correction. If I get anywhere and I can find out about the property I'll let you know. The only thing I can figure out now is how much inventory (which actually isn't much) they have and then try to connect the dots with MLS and RPR. If I get anywhere I'll be in tough.

Massachusetts, Boston, Lowell, Westwood, Norwood

Post: Investing Out Of State

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Carl Costa 

 Hey Carl, just curious are you using hml or PI's to purchase these investments ? 

Post: Investor in Boston, MA

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Adam Wells

   Awesome Adam, Congrats on making what I think is an awesome first financial decision for your self. I used to rent apartment in Savin Hill on Auckland St. Loved that area. Anyways, have you thought about what you had in mind for location and details regarding your next rental property. And overall what is your main goal regarding your buy and hold strategy ? 

Post: Finding REO in Massachusetts

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@ Andrew Spencer 

Registry of deeds my friend. Your golden if your from Brockton. That area might have the most reo's in the state.

Post: Tax Implications for Out of State Investors

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Rory McGonigle

I've setup shop in Nevada and operate in Ma as a foreign entity. I paid taxes on my projects just in Mass and of course the 500 LLC fee they will chase you down for at any costs. Nevada I just pay a small fee and and do the duties of owning an LLC and I'm fine.

Nevada I have been able to enjoy the benefit anonymity. This benefit is grossly underestimated. I once had a contractor walk on me only to come back once I had the property back on the market and ask for 27k. When I asked him for what work, He hired an ambulance chasing attorney to file a "you don't pay unless we win" law suit in civil supreme court. However, it was hilarious when they just entered in the defendant's name as any possible combination of entities that Massachusetts offers because they couldnt figure out who the members of the LLC were....Hilarious when the judge asks you... who are you suing?

Post: Massachusetts Lodging Tax for Short-Term Rentals

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

Great to know Becky, Thanks for the updates. Love keep up with Massacusetts Leglislation regarding it's real estate. 

Post: Zillow knows about a default before its recorded

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

I find a lot of zillow's content inaccurate and confusing. It is agravating when your handling multiple transactions and someone asks your for information about a property that has never been listed or is not even a FSBO. Sometimes I just feel like they are posting "info" to keep people coming to their website.

...Frustrating.

Post: Agent & Aspiring Investor from Massachusetts

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Brittany Allen

Welcome to the wonderful world of real estate and Keller Williams Brittany. Areyou going to the mega camp? I am from Keller Williams Boston South West (westwood/Needham)

Post: Running electrical wire through plaster and lath?

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

I believe you should have a licensed electrician do this. It might be law and there are codes that must be followed like adding "AFCI" outlets to the breaker board for every new outlet you install. Also you must be aware of your Electrical capacity load and what not. 

   If something where to happen that was caused by this, insurance probably will not cover the damage and you will be left out in the cold. Good luck my man. I know how it is to just want to do things your self but the risk isn't worth it. 

Post: Emerging Buy+Hold Markets in Massachusetts

Joshua PoitrasPosted
  • Real Estate Agent
  • Lowell, MA
  • Posts 185
  • Votes 67

@Account Closed

Hey Clovis, 

  Nice to meet you. I really like the Quincy area, especially along the red line. What are you looking at setting up when your ready?