All Forum Posts by: Daniel Ortiz

Hey Charlie,

Thanks for the advice. I have my MA Salespersons license and MLS access so I've seen the properies you mentioned. I still just don't see any real cash flow from any of them.

I've looked in Middleboro, Taunton and even Fall River but just not seeing anything. I think that the MLS listings are just too high and will have to start doing some direct marketing in order to get something more wholesale than retail.

Interest rates are creeping up and prices for first time buyers are getting too crazy.  I saw this movie before back in the mid 2000's and we all know how that turned out.

Anyone else care to share their thoughts on MA investing?  Preferably more south of Boston.

Thanks!

Thanks, everyone that attended the meetup on Tuesday! We had a great turn out. I think around 30-40 people showed up. 

I need help on who we should line up for speakers at future events. Any ideas or requests? 

@Daniel Ortiz@Thomas Hickey@Brian Richardson 

@Daniel Ortiz Hi sorry for the late reply! I don't know if you did some research on it yet, but what interested me about them was that you don't need a down payment. as long as you can prove to them you can afford a mortgage that's their main concern. you need to comply with many rules such as not owning any property (nor anyone living in the home), living in the home for the entire mortgage, and volunteering a couple times within the organization. theres also a membership fee of $25 a year. 

I had two appointments so far and needed to bring a ton of documents. If you are on top of all the docs needed like paystubs, w2s, etc, the process can be much quicker. once you have the documents needed it gets sent to the bank for approval. its much more complex than this, but these are some of the basics..

i'm on maternity leave so that's holding me back at the moment bc it's unpaid. i have to wait until I get back to work and provide a months worth of pay. my counselor said possibly by April my file will be complete to send to the bank (since i go back to work in march.) . After someone gets approved, the house search begins. if I wasn't on maternity leave my file would have been completed sooner because i had everything, i just need to take a landlord course and provide the certificate. 

i'm following through with this program for now, because i think it could work. my goal is to own more property so i wasn't sure if this was the right choice bc of the requirement to live there through the entire mortgage. i could refinance when i want to move, but i don't know much about that process and if it would work out smoothly. as i keep pursuing them i'm sure i'll get more answers and eventually decide what to do! in the meantime i'm still researching other options.