All Forum Posts by: Ken T.

Thanks everyone for the replies! I'll be reaching out to all of you if you have not already!

Hello Boston BP members!

I'm looking for recommendations for a real estate agent in Boston. I've tried searching on the web but it's hard to determine how helpful these agents would be for my situation (hence why I'm making this post). I'm hoping to find a duplex (or some other MF) property that could work for house-hacking. An agent with experience with this sort of situation would be greatly appreciated.

Thanks in advance!

Ken

@Eric P. Sent you a PM!

 Hey David,

I can definitely relate to your post. I also work full-time and do not have time for other real estate investment strategies (e.g. flipping, house-hacking, etc.). I also purchased my first rental property through Roofstock this summer and my second through a different company this fall. I'm very impressed that you've already got 5 properties! As for your question, my goal is to obtain 10 properties with conventional financing (which seems to be the limit based on all the podcasts). Once I've hit 10, I plan to figure out how to 1031 the properties into larger and hopefully multifamily properties or completely pay off the lower mortgage ones to continue expanding the portfolio. As for repair costs, I am try to be conservative with my calculations. I haven't had too many repairs yet so I'm hoping that the amount I've budgets for repairs will gradually build up over time and be sufficient to cover any high expense repairs in the future. What are you thinking?

Ken

Great improvement!

@Daniel Pichardo If you do a quick search of the forums, you'll find that there a number of posts about turnkey companies, such as Roofstock. Several of these posts are from BP members describing their personal experiences, which can be very helpful. Personally, I own two investment properties, both of which were purchased from turnkey companies (and one from Roofstock). Feel free to contact me with any questions.

Hi Trang, I closed on my first rental property with Roofstock in June this year. For my second rental property, I went with a different turnkey company. Feel free to send me a PM. I'm happy to share my experiences with you.

 Hey Richard, I closed on my first rental property with Roofstock in June this year. For my second rental property, I went with a different turnkey company. Feel free to send me a PM. I'm happy to share my experiences with you.

Welcome to BP @Mary O.! I was and am still in a fairly similar situation as you. I recently decided to invest with turnkey companies (first property closed in June and second is in progress) and have experience working with two different companies. Numbers-wise, I think turnkey properties actually do better than stocks so I think you might be leaving some numbers out in your calculations! Feel free to PM me if you have questions about my experience! I will point out though that I'm just another fellow "newbie" investor and not any turnkey expert or anything.

Congratulations @Christian Nachtrieb! As everyone else has been saying, what you have accomplished is an impressive feat!