All Forum Posts by: Joshua Tessier

How so? I list all my properties on the MLS with entry only listing services and follow up with Zillow and other sites. How are "Realtors bringing far more buyers"? My personal experience say's adding more people into the game of telephone never results in a better outcome.

Just based on the messages here it sounds like you would net less money if you just sold it through a realtor. Use an Entry only listing services get it on the MLS and get it done you can do it.

I have not found any I would feel comfortable recommending. 

I would argue that your website at the stage your describing is a place holder for you.  As you grow it will be important to establish a business on all fronts.  You'll need to secure a Facebook page, Instagram, YouTube accounts, as well as that Webpage or you'll potentially be rebranding your business when someone else grabs it.  If your business name is aslkjdfwomcaawoie then securing a these things might not be a big deal but if your https://www.rent603.com/ then it makes sense to grab the domain address before someone else.  Just ask Nissan how well it worked for them. https://nissan.com/

 My question is more focused on how do you plan to buy your first property?  Think it though you need 2 years of wages and lets just say 5% down to qualify for a conventional mortgage. What this mean's is you need a job. Work backwards without an education what jobs do you qualify for an how much do they pay?  If you can come up with the 5% down and get a mortgage then Step 1 is complete.  Now your not going to be able to live off house #1 so you need a second and this time you need 20% down so with said job how long will that take to save 20% down that's Step 2.  Lets figure you need 4 Multi's to be finically free do the math and write out how long this will take you working at the low skill job.

Then select a better job and do the numbers now how long will this take you?  Don't forget to account for your educational expenses. Then look up wages for plumbers and electrician's and again do the math.  What I believe your going to find is it takes a lot of money to become "finically free".  I would advise my children to seek out a trade.  become the most technical plumber or electrician you can.  Learn the complex furnaces and controls and become a big asset to someone.  Post the numbers to this form and let members rip them apart.  That will tell you what path your truly want to take.

P.S. I have undergraduate degrees in Mechanical Engineering, Manufacturing Engineering, Technical Management and a Graduate Certificate in Program Management and a Masters in Organizational leadership. Most of it was paid for by employers who invested in me.  I graduate with 0 debt and never took a student loan.  I currently own 13 units across 3 properties and can be finically free if I want but it took about $500,000 to get to this point.

You might want to look into the eviction process in MA prior to investing.

For me I define my "Buy Box" based on what I am comfortable with monetarily . I am also in NH and invest here. For me lets assume a 3 unit in Manchester is going to run you $400,000. It's in decent shape but could use some rehab so I figure $30k in rehab and 20% down so I need $110,000 liquid to make this happen. I also assume it'll be a box of worms when it's opened up and that rehab will turn into $50k. The question is do you have $130k that you can access? If not then that's not your buy box. You can't do the rehab so maybe a more turn key $450,000 3 unit is your goal that you can owner occupy with 5% down on an FHA for $22,500. Maybe that's your buy box.

If your sitting on a ton of cash then what motivates you? Do you want to provide housing to as many people as possible and those low income class D sounds exciting?  Does dealing with people with great pasts and lots of disposable income sound appealing then the way to go might be a big money appreciating class A property. 

Look inside and figure out what motivates you.

It's interesting but @Brendon Kerrigan I think Manchester is at a very unique cross roads.  The numbers still don't look great to build new but it would appear that this administration is hell bent to expand passenger rail to NH.  They only need to complete something like 12 miles to make it happen and with all the money coming out of Washington it seems like a no brainer to toss that one over to a swing state.  If that happens it's my opinion Manchester will continue to see big growth in coming years. 

@Kyler J Sloan

I use nest Yale locks and Eufy cameras. The locks when they work work well but they somehow fail about ever 3-6 months and each time you have to set them up takes about an hour with there awful tech support. I have no idea how this lock launched as a product with such a cumbersome setup process. When it’s working I can add and delete codes remotely. With the cameras I’m able to watch the property remotely as well. Hope that helps.

Google Nest x Yale Lock - Tamper-Proof Smart Lock for Keyless Entry - Keypad Deadbolt Lock for Front Door - Works with Nest Secure Alarm System - Satin Nickel https://www.amazon.com/dp/B07BH6K3NT/ref=cm_sw_r_cp_api_glt_fabc_QJ79RC97YB3VQQN96C52

eufy Security, eufyCam 2C Pro 2-Cam Kit, Wireless Home Security System with 2K Resolution, 180-Day Battery Life, HomeKit Compatibility, IP67, Night Vision, and No Monthly Fee. https://www.amazon.com/dp/B08C4TDK5N/ref=cm_sw_r_cp_api_glt_fabc_2BMK1VW61ER120ATA7N9

The numbers are above and I'll be the one holding onto it. Right now I'm living in it until I find my next project. It gives me additional motivation to get out! It is located in the Sommerville neighborhood and not a very nice area of town. During the renovations I had folks attempting to get into the basement, stealing copper scraps left under the porch, and letting themselves in as they thought was fit (see below).

Appraisal:

Sales $560,000

Income Approach $666,188

Cost Approach $602,005

Break In

If your less than $10k from the finish line and that's a honest number start applying for 3-5 credit cards immediately.  Call the ones you have and ask them to raise your limit. Tell everyone you know and ask to borrow money! Get cash advances lined up just in case. Run to your local bank and ask about personal loans or refinancing your auto mobile and taking the equity out!  You need to act fast don't stick your head in the sand and don't be ashamed! Your numbers look great and if I was local and could see it I'd lend your the money!

My market is so damn hot, people are desperate they would welcome the opportunity to bid for your finished price and get to customize the remaining work that will be completed prior to closing.  Focus on finishing specific rooms ensure all the cheap rooms are done. Bedrooms living rooms and dinning rooms should be easy.  Then take an honest look at what funds you can scrap together.  Use those to pay the mortgage to get current.  Explain to your contractors how your in a bind can anyone work with you and give you 90 day's to pay or take equity to wrap it up.  Don't stress but do get creative and keep working.

You can also go run out and get gig work. go deliver packages for amazon for two month on the side and earn the $10K you can do this!