All Forum Posts by: Neil Gulden

I closed on a 3 family in a tougher part of Dorchester in August. It was an MLS deal and was competitive, but even with that, I'm cash flowing almost 20% after all expenses are paid including the mortgage taxes etc. Two of the units are section 8 and I get a direct deposit form the government on the 1st of each month (amazing) and the other unit is a regular market tenant. I'm new to Dorchester and in the big picture, I'm a new investor as I only have two rental properties, but I'd say don't be afraid of the B/C neighborhoods. It's all about finding good tenants. Good tenants live in bad neighborhoods too, not all of them are bad, most just got themselves into unfortunate situations, divorces, had kids too young and got in over their head etc. there's slot of money to be made in these areas if you're smart about it and do enough research.

I forgot to mention where my multis are, one is in Medford, MA and the other is in Dorchester. The Dorchester property is in a tougher part of town and is a section 8 three family. The Medford property is a great house that I used to live in and did a lot of renovations to it. Market renters are in it. Both properties are cash flowing nicely. Thank you, Neil

Hello All, I own a couple multi families that I rent out, but still consider myself a novice real estate investor when I look at the big picture. I recently closed on my second multi family that I described above and while I'm cash flowing around 20%, it's still frustrating how competitive MLS deals are. I'm interested in finding off market deals where I can negotiate directly with the owners/motivated seller myself and remove the two middle men real estate agents. Any advice or help would be greatly appreciated. -Neil