All Forum Posts by: Sam Horton

@Ruben DeMello I actually sat next to Alex from Rockstar properties last week at the REIA event in Dedham. As far as I can gather, the company is acting as a wholesaler. His wife Liz, is a Duxbury agent with William Raveis.

This is their website:

https://www.rockstarpropertysolutions.com/

@Sebastian Roy In my experience, portfolio lenders typically look for experienced investors. Investors that already own a portfolio they can use to justify their experience. It might be tough to go that road if you are new to real estate. The other item I might add is that if you are under contract and you go to change financing on the seller... they do have a right to turn you down as you are changing the terms of the agreement essentially. 

Private and or hard money might be your solution if the seller is willing to change out the lender. 

@Patrick Hagerty Is partnering with someone out of the question? Family or friend that may have a better income and you can work out a deal to manage and live in the property. Just trying to think of alternatives to get you into the MF market sooner rather than later. 

@Patrick Hagerty There are actually two going on tonight. One in Quincy at the Fours and the other is at the Norwell fours. I've been to both and plan on attending the Norwell one this evening. I believe they both go from about 6 - 8. 

You can always go to BP > Network > Search > Events and enter your zip code to find local ones. Good luck.

@Dewayne Treanor ! I think you'll hear a lot of people mention this but networking is huge in this business. I'd suggest trying to go to some local meetups and speak with some other investors. Good luck with your goals and send me a message if you ever want to connect. 

@Bobby Dirkmaat Kind of depends on my financial situation. I am a Realtor so if sales a low then I look for flips for more capital. Flipping in Mass is tough just due to the cost of entry. My focus is long term buy and hold deals.

Welcome @Bobby Dirkmaat to BP! I'm looking to grow my portfolio in Massachusetts. I purchased my first last year, looking into some more for 2020.  

Tough to say if there is a "best" way. People find success using different methods in different markets. You will likely have to test different ways and see what works best for you. 

1) Driving/walking your local market (driving for dollars). Look for distressed or vacant properties and keep a list of them to do more research on later.

2) Advertise (if allowed), signs saying you buy for cash. Post on FB marketplace / craigslist etc. 

3) Paid sources like "list source" will provide you with general lists that you can then market towards, call and physically stop by.

4) Networking can be huge. Join a local REIA or BP meet up.

5) Part of networking, finding a good Estate attorney can be good as well. They can be a good source of estate sales in which sometimes the family is just looking to liquidate quickly. 

@Dexter Tiggs I think the best way to start is to figure out what aspect of Real Estate you want to get into. Listen to the BP podcasts and networking with local REIA groups would be my advice to figure that out.

People like wholesaling because there is little to no cost associated with it. The strategy is fairly easy, find someone that wants to sell. Offer them a contract (w/ a below-market sale price). Then locate a buyer for that contract and essentially sell it to them for a "finders" fee. 

@Joe Scheffold I can only relate to Mass but I would assume the same guidelines apply. Short answer... no, most likely they hired a listing agent and signed a contract. Any offer generated during the duration of the contract would go through that listing agent. 

Other options: (1)You would have to wait for the contract to expire (2) Try and get the sellers to break the contract (wouldn't recommend this option for many reasons), or (3) Try and find out if they are selling FSBO. If they are selling FSBO they could have paid a small fee to an "entry only" listing company, to show up in MLS.

Hope this helps