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All Forum Posts by: Raymond Doot

Raymond Doot has started 3 posts and replied 6 times.

Post: Best vs Worst home in a neighborhood

Raymond DootPosted
  • Otis, MA
  • Posts 7
  • Votes 1

@JD Martin that clears things up for me! Thank you for the clarification!

Post: Best vs Worst home in a neighborhood

Raymond DootPosted
  • Otis, MA
  • Posts 7
  • Votes 1

Thanks for the response @Will Gaston! That’s the impression I’ve been under and what I try to look for.

Post: Best vs Worst home in a neighborhood

Raymond DootPosted
  • Otis, MA
  • Posts 7
  • Votes 1

Hello, in the latest BP podcast, one of our fearless leaders, Brandon Turner, talked about a fourplex that he wanted to be the nicest one in the neighborhood in order to help it withstand market movements better. I have been under the impression that when looking for an MF deal, one looks for an average or below average building in a neighborhood. How does one decide if/when to be looking for the best/worst building in a neighborhood? Thank you.

I was talking to an acquaintance the other day and they informed me about a strategy where one can essentially partner with insurance companies for when an insurance client's home is destroyed through natural disaster or other causes and the client can be put up temporarily in the rental instead of being put up in a hotel  by the insurance company for the time being. Is this a practice that most would not recommend except for niche markets or is this an at least somewhat feasible strategy for short term rentals? Thank you.

Post: Government Fha loan question

Raymond DootPosted
  • Otis, MA
  • Posts 7
  • Votes 1
That answers my question! Thank you!

Post: Government Fha loan question

Raymond DootPosted
  • Otis, MA
  • Posts 7
  • Votes 1
So this might be a dumb question but let's say I have ten fha loans out for 50k a piece. (From what I am aware of, ten is the max number of fha loans you can get out.) Can I then refinance my ten loans and group them into one larger fha loan for 500k and then be back to being able to pull nine more fha loans out?