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All Forum Posts by: Samuel Carmichael

Samuel Carmichael has started 21 posts and replied 62 times.

Post: duplex in Quincy - Owner Occupied - Have to start somewhere

Samuel CarmichaelPosted
  • Rental Property Investor
  • Providence, RI
  • Posts 63
  • Votes 8

is it possible to set up my own lease option into the property directly with the seller?

Post: duplex in Quincy - Owner Occupied - Have to start somewhere

Samuel CarmichaelPosted
  • Rental Property Investor
  • Providence, RI
  • Posts 63
  • Votes 8

Hi Team, 

I would be happy to network with some Mass / Rhode Island BPers. 

In the next few months to the next year, I am looking to get into a Duplex / Triplex on the Commuter Lines into Boston. Either somewhere like Canton, Randolph, Brockton, Braintree,Quincy or even providence or Attleboro. 

I personally commute, and know a lot who also commute from Providence to Boston, and I think Naturally it is going to become more popular. I would like to get a FHA loan for a duplex around 400,000.

Here is my first newbie question (and trust me...i don't want to ask). 

1. Can someone pre-qualify for a FHA loan? So they can bring it straight to a seller?

if not.....

2. Is there a way besides bringing a cash offer to the a for sale by owner - where I could speed up the sale? Because I heard the whole process of the sale can take 4 months. - or is that for realtor listed homes....

GO easy on me.

- Samcro.

Here is an example: 

http://www.zillow.com/homes/for_sale/Quincy-MA/apa...