All Forum Posts by: Melissa Deacon

I am a new investor and I just purchase my first home. I purchased it as my primary home in hopes that after a year I could rent it out. It is a half duplex and I love the location butttttt my neighbors play loud music, have many people coming in and out of the place and most days are hanging outside drinking beer or smoking. I did not see this prior to closing on the property and now it becomes a problem mostly because of the smoking and the close proximity to our place and I haven't even moved in yet so I can not imagine when I actually start living there. I also have a newborn and a toddler which I don't feel comfortable having them around the smoke which is very strong when we are outside in the yard. 

ALSO there have been 2 bed bugs that I found in this property. I had the place inspected and was told there was no evidence of an infestation and was recommended to not do the treatment since it would cost me $2,000 and do a deep cleaning instead. The house is completely empty with zero furniture. I am starting to believe that they may also be coming from next door since from the looks of the outside of their property it doesn't look well kept (don't mean to judge but it just does not seem that clean). I am afraid that even if I do the treatment the bugs will keep coming back. 

How do you all deal with these types of neighbors and is this a cause of concern or worry for the future of the property? Also, have you had any experience with bed bugs in a duplex? Should I still do the treatment? I love my home since it is otherwise in great condition and in a great location but am second guessing my choice since some of this is out of my control. Needing advice....

I am new to investing and still learning on how to appropriately analyze a property without spending too much time altering the numbers to make it worth investing. I found a property near a university, good location which I am familiar with. I am not cash flowing much and it has a low CoC ROI. Will you take a lower CoC if in a good location? If so, how low is too low? Am I putting too much emphasis on this value?

I'm very new to investing and have never owned a property. My husband and I are working on educating ourselves and saving at least 20% for our down payment. Ultimate goal is to house hack a duplex as our first property then keep investing in small multifamily. We also know some people that we trust that have their own investment company and do syndications on large multifamily properties, minimum 50K to invest with them. My husband and I don't know if we should put our first 50K in the syndication or just find our own property or vice versa.

Thank you in advance.  

 Thanks for this information. How exactly do they get paid? Is there usually a flat rate or do I have to search for the "best" broker with the best price. Sorry if this is a dumb question just really trying to find out how exactly it works. 

Hi,

I am new to the investing world and actively looking at properties to invest in, interested in doing house hacking with multifamily. I was curious on how I should get started with obtaining loans? Should I just go to different banks and see what they offer or should I get a mortgage broker to assist me with that? 

Thank you in advance

Wow, thank you guys for all this information, very informative. 

Thank you very much for this information. 

Hi guys,

This is my first post at biggerpockets forum. I am a new investor, I'm actually VERY new. I know absolutely nothing about investing and have no properties but want to start investing in small multifamily properties. This is a career change for me, I have been working as a Physician Assistant for 4 years and have been in medicine for over 10 years. Medicine is all I know since this is what I have dedicated my life to. My goal is to make smarter moves with my money and make money work for me.  

I am looking to start investing part time and potentially doing it full time. I am doing all the typical moves as a beginner ie. getting educated, reading books, forums, looking at investment courses. I just need a little help, how do you start on building a network? I believe a good start will be to get a mentor, how do you get in touch with mentors in local areas? Also how do I know who would be a good mentor?

Some help please.

Thanks in advance