All Forum Posts by: Michelle Reid

@Dan Milinazzo 2009 was a great time to buy!  I agree about MA - NH is a better option for sure.  I plan to look at NH, maybe even Maine.  I'm really just educating myself now.  I've done an investment before but it is much different when you are living there.  I'd like to use more leverage this time and a property manager.  My husband and I both work full-time and have 2 teens so there isn't a whole lot of extra time!  I imagine the only way to make it profitable with a property manager would be multiple units.  So that's my goal at the moment unless I learn that's not the way to go.  I'm only 20 mins down 93 from NH.  Have any of the meetups been helpful?  All great advice in your deal.  I was thinking about Lowell.  Definitely coming up.  I just would like to avoid this state if at all possible.

@Dan Milinazzo Thanks for the confidence vote!  Sorry I am new to the forum and posted my one and only investment in my profile with not much detail.  It was so long ago I don't really have the details anymore.  I am now ready to get back in "on to Cincinatti" Haha!  Are you looking around Pelham for opportunities? It's there a benefit to NH over MA?

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Swampscott.

Purchase price: $265,900
Cash invested: $50,000
Sale price: $300,000

Worked well as a live in income property. VERY badly as a pure income property. Bleeding money towards the end. The rent just didn't cover costs.

Lessons learned? Challenges?

In my market, for residential income, a three family is the minimum # for good cash flow. This was only a 2 family. Our rents were too low.

I also own and love CIM. I'be been wondering the same. I am an investment adviser as my day job.  Have been for 20 years.  

The taxation would be SIMILAR but not quite as advantageous if you owned it in a corporation. That yield is NET of your expenses. Hard to come by with no sweat equity and headaches.

However, you lose the benefit of leverage unless you use margin, but it would not be as extreme.

I think it's a great way to build your asset column then diversify with RE.

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