All Forum Posts by: Mark Terry

Not at all

Hey Jacob!

I wouldn't say it's too ambitious :)

House hacking is a great way to break into things, especially in our market. My first one was a house hack in Melrose - almost wish I didn't sell it already :) 

I have a few clients that are currently doing BRRR - I would be happy to help. What do you do for work? Any experience in the housing market in general? As you hear all the time on the pod casts - the best way to get experience is by getting up and doing it. Just make sure you find a few folks that can help navigate you along the way.

Best of luck!

@Munir Hassan Welcome to BP! I think a lot of start with the house hack, my first investment was in Melrose and it did great for me! I live on the South Shore now but love being in this day to day. Where are you looking to buy your first home? Building a team is a great recommendation - first two people you need are a good loan officer and a good real estate agent. These people will get your on the right track for your first deal and will start introducing you to the rest of the real estate world. Once you get into it, you will find it's smaller than you think :)

Best of luck, I wish you much success.

Welcome to your journey! It is always good to start as early as possible. There are so many different ways you can get involved with investments - BRRR, straight holds (multis + singles) flips etc. I wish you the best of luck.

I am an architect/real estate agent and investor and live on the South Shore. If you ever need help never hesitate to ask!

Hi @Ethan McRae! Best time to start the investing process is at your age. If you are interested in coming to the Boston area - there are a few multi units in the south shore area that make sense for house hacking your first property. Never hesitate to reach out! 

Best of Luck!

HI @Tyler Billick! Sounds like you are starting the exciting adventure on the right foot. My first multi was in Melrose and now I am on the south shore. Even in a hectic market you can find a situation that best suits you. We are seeing a little extra inventory on the south shore, but mutli's are still in demand. Do you know where you're looking?

Which Marvin show room do you work at? I used to frequent them back when I did "architect" everyday. 

Good luck!

Hi Will!

Welcome to the Boston area! My first multi was in Melrose - I was lucky to get into that market in 2010 when things were a bit down. 

It is great to hear that you have prioritized being debt free and getting the funds together for your first investment. Being a first time home buyer is very difficult because you feel the pressure of trying to get the best deal. I know it took me 6 months to find my first investment and my agent at the time was super frustrated with me. Worse is that I am an architect and I see all the little details of each house - it drove her crazy. 

I left architecture to flip houses and sell real estate. After some successful flips I just opened my own real estate company and I am loving the life!

My word of advice is - don't expect your first deal to check every box you have. Prioritize what is important to you and try to build realistic expectations for what you can get out of a house hack. What towns are specifically looking in? Two towns right next to each other could be worlds apart as far as investments go.

I wish you the best of luck!

Hi Tom!

Congratulations on the move and transition - I am sure you will love this area. My first investment property was in Melrose (a couple of towns down from Peabody) and it went very well! I am an architect and real estate agent that specializes with investors - it would be great to connect. There are some great groups to join up with around here and learn more about the process. 

One thing to keep in mind is that every state is a little different with the "rules of real estate" and even more so in the different areas surrounding Boston. 

I wish you the best of luck! Go get 'em :) 

Hi All! In my business travels I have been coming across deals and opportunities that are bigger than what I am looking to take on as an individual flipping homes.  I know what my sweet spot is, and these projects required more time or money than I am interested in putting in. As an agent I want to help these home owners find somebody who would be interested in their properties and can maximize their potential.  I have started cold calling local developers to build a network and share some of the opportunities I have found. This is a very slow and arduous process and I haven't gotten much positive feedback.  

I was wondering if folks have other approaches for growing their network. I had gone to a couple of local Black Diamond events and need to pick back up on that. Any other suggestions for finding developers specifically?