Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Patrick Sullivan

Patrick Sullivan has started 29 posts and replied 36 times.

Does anyone know of land (preferably raw/unutilized) in North Central MA, Western MA or Southern New Hampshire that is rent-to-own or for sale that can turn into a rent-to-own agreement and that can be zoned for residential and/or commercial (preferably BOTH) use? I initially plan to use the land to place a steel storage container on for storing equipment and tools used for my business. As soon as possible, I plan to build a home from another steel container or manufactured home, and possibly expand with additions as time goes on. It will only be me who lives here, should I even be able to do this in this area. I am on a budget at the moment. If anyone has any suggestions or information your feedback is well appreciated.

Does anyone know of land (preferably raw/unutilized) in North Central MA, Western MA or Southern New Hampshire that is rent-to-own or for sale that can turn into a rent-to-own agreement and that can be zoned for residential and/or commercial (preferably BOTH) use? I initially plan to use the land to place a steel storage container on for storing equipment and tools used for my business. Eventually, if legal, I plan to build a home from the same steel container as with the storage, and possibly expand with additions as time goes on. It will only be me who lives here, should I even be able to. I currently am on a budget of a few thousand at this very moment, though will have steady income soon. If anyone has any suggestions or information on the steps to go through with this plan, please share your feedback here. Thank you.

Post: New member from Massachusetts

Patrick SullivanPosted
  • Leominster, MA
  • Posts 38
  • Votes 5

What's up Dan?

I'm in Leominster, MA

You're right down the way!

I myself have been a little inactive from the real estate community and have been gradually taking steps to put a serious foot in the door.

I JUST wrote a post about a possible business venture that you may be interested in, should you not mind taking a few minutes to read

Go to forums, it's titled "Purchase, Development and Preservation of Raw Land"

Hello All,

I am looking to purchase/finance raw land, between the range of 75-300 acres, preferably somewhere in Massachusetts (Central or Western MA would be most ideal) in which I would personally trailerstead on and develop other trailersteads to sell on market. The amount of trailersteads would be between 60-100 (each lot averaging 1 acre), and I am looking for 1-3 partners. 

At the moment, I myself do not have near enough funds to purchase the land, not even to finance (at least not yet). I do however have the mental wherewithal and energy to build on the land. I would be responsible in the purchase/rent of all power equipment and materials necessary to complete the work, aside from work to be completed by a professional site work/surveying company (should it be necessary). The actual finance of the property would be where I would need an investor partner, who would share the profits (equity to be discussed privately).

Below are some major points that must be considered BEFORE, DURING and AFTER development:

1) Before purchasing any land, I will hire a credible title company to thoroughly review details and check to see whether or not any utilities were previously installed on the land. This is IMPERATIVE!

2) Sewage MUST be connected OR a septic tank installed before it can be deemed livable.

3) Trailer moving crew would need to be hired or the proper equipment/vehicles rented in order to move the trailer onsite

4) Evaluate and hire park management company

5) See whether a construction loan would be necessary, especially since all of the homes would be manufactured (with additions installed through time), and depending on whether an investor can step in instead (which would be preferred)

6) Any unused land would be preserved for park and recreational activities (with the exception of hunting and depending on proximity to residences and local, state and federal laws)



I would like to hear from anyone with critique, feedback and interest in this idea, especially from people who would be able to contribute time, energy and/or capital to such a project, and God willing, together we could develop a working business plan out of it



Thank You,

Patrick

Where is the best place, site or source to go to to find all of the essential information to begin and use as reference for investing in both tax liens and/or tax lien certificates within the various counties throughout Massachusetts?

Post: Tax Lien Question #1

Patrick SullivanPosted
  • Leominster, MA
  • Posts 38
  • Votes 5

In layman terms, what is the explanation of and difference between "interest rate" on a tax lien investment as opposed to "penalty" on a tax lien investment

This is a NOOB question, like the many I pose ...

I have a Massachusetts issued real estate license, though do not know how to access the MLS (the REAL one) ... what do I need to do?

Post: Such Thing As Getting VA and FHA?

Patrick SullivanPosted
  • Leominster, MA
  • Posts 38
  • Votes 5

Just curious, and it's probably going to "No!", but Hell I thought I'd give it a try ...

Is there a possibility that one could get a VA Loan and an FHA Loan??? Is that out of the question? Just let me know please

Post: Looking For Rent-To-Own Property OR Just Land On 5 to 10 Acres

Patrick SullivanPosted
  • Leominster, MA
  • Posts 38
  • Votes 5

Looking for a Rent to Own, preferably in Worcester County or west of that. Also, need a lease that will allow me to add 1-2 addition people (joint owners or roommates) at ANY TIME. 5-10 acres is ideal, with no more than $950 per month in total payments to landlord. The house itself does not need to be in the best shape, as long as electrical, water and heat can be accessed (or is quickly able to be accessed).

I would like to know about any leases for land which carry lax zoning restrictions in Central and Western MA as well



Thanks All!

Post: Looking For Rent-To-Own Property OR Just Land On 5 to 10 Acres

Patrick SullivanPosted
  • Leominster, MA
  • Posts 38
  • Votes 5

Looking for a Rent to Own, preferably in Worcester County or west of that. Also, need a lease that will allow me to add 1-2 addition people (joint owners or roommates) at ANY TIME. 5-10 acres is ideal, with no more than $950 per month in total payments to landlord. The house itself does not need to be in the best shape, as long as electrical, water and heat can be accessed (or is quickly able to be accessed).

I would like to know about any leases for land which carry lax zoning restrictions in Central and Western MA as well



Thanks All!