All Forum Posts by: Maddy Cooper

Question- my client needs to decide if she should paint the interior of her outdated, 1,800 sqft house before putting it on the market. She will attract both builders and homeowners. 

Current market- We are in MA where nothing is lasting more than a week, most places are going into bidding war. 

What would you do? 

This post makes me think of something I have been playing a lot: Cashflow. It truly is an amazing game. In hours you are able to play out an entire lifetime of investing. The game has had me think a lot about what is the best strategic move: as soon as you come across a small deal take it? Or, save up those pay days and cash in on a sweet big deal. As a new investor still waiting to make my first investment, I am in this predicament currently. We have been concentrating on finding a triplex or fourplex BUT if we are able to save up enough (or use creative financing) before we find something and a big deal happens to cross our plate, no way we'd say no to it. 

Everyone has different investing goals. I don't think waiting till you have x amount saved is necessarily a "one rule fits all" sort of deal. 

Hi all, 

New investor here, trying to learn the market and determine which towns are best to invest in. I am wondering what you locals are thinking? My partner and I have been specifically thinking about over the bridge on route 16. Dover, Somersworth, New Market etc. With all the construction being done on the widening of the bridge, we are forecasting a surge of businesses moving from the Portsmouth area over to Dover and surrounding towns (maybe Somersworth?). Are you all thinking about this or other things as you are looking for you next property?

keywords: NH, Seacoast, Dover, Somersworth

@Anthony Cennami and @Jennifer Riccardi started one up in Portsmouth but Im not sure if it is happening on a consistent basis. 

@Justin Silverio very much looking forward to attending in March. I will pm you with my email. 

On a side note @Justin Silverio, my husband and I really enjoyed your talk at the NHREIA you gave a couple months ago in Manchester. We had recently come across your podcast with BP so we were stoked to hear you speak :)

close first deal!

Thanks @Francis DaSilva! 

@Kevin Siedlecki Thanks for your input. Like I said in my post below we ended up moving forward with the deal, but after he provided us with the schedule e, he couldn't get us executed leases from the property. We ended up pulling out and the owner and seller's agent had a little hissy fit. Very glad we walked away because something just wasn't right. 

Thanks everyone for your input! In the 11th hour he provided us the schedule e and has agreed to having the tenants fill out estoppel agreements. We've decided to move forward with the process and will continue with our due diligence.

Thanks again everyone!

Maddy

My partner and I have a 4 unit under contract. The owner is a contractor who is looking to unload the property to invest the equity into another project. With all the tenants in it, he claims the cashflow is insanely good. He has provided us with these Word Document leases that look like he wrote them himself. We want to see signed leases as well as his schedule E. Its been over a week since we have asked for this and no sign of him saying he is going to share these with us. Is this a red flag? Our inspection is tomorrow (Wednesday) and if he hasn't given us these documents by tomorrow morning, we are pulling out. To us, it doesn't make sense to spend money out of our pocket until we are sure that there is nothing shady going on. 

Thoughts??