All Forum Posts by: Shawn D.

Hello BP, I will be moving into my first property very soon. Closing is the first week of March. This is a two family, one unit is occupied. I will be moving into the vacant unit with my girlfriend and plan to live there for a year or so while doing some repairs. Couple questions 1.). Should I raise the rent/ keep same? 2.) new lease terms? 3.) collect rent same day he currently pays? 4.) let him know I'm the owner or property manager? Thanks please add any information you think will be helpful! Shawn

Hello BP, Looking for a good accountant in the western Massachusetts area or elsewhere. Preferably one that owns real estate. Thank you!!.....

Kory Thaut thanks Kory. A portfolio lender is offer 4.1% with zero pmi at 10.5% down. A local credit union is offering me 4% with pmi but I only have about 3.5% to put down.

Hello BP, Thinking of ways to ask my parents for $20,000, help with down payment on house to avoid pmi. What's a good way? Example Provide some numbers with interest over a few years etc

Huge really huge

Josh Domingo all the best. Let me know if you work together down the road!

Does not lend*. (Or potentially sell the property within 5 years as well)

I'm in the process of getting a mortgage for a two family that I will live in. The credit union I will be getting the loan from as a 30yr fix at 4% with PMI. They are also offering a variable 3.25% for a 5 year cap then could potentially go up 2.5% with pmi. I was planning on going with trustco bank who offering 3.99% no pmi. Unfortunately trustco does lend in my area unless you have a 2+ year relationship with the bank. So I opened a checking account for the future. My plan was to take the variable rate of 3.25% with a local credit union for 5/5 cap and then refinance with trustco in 2 years. What do you think?

Hello BP, My name is Shawn. I am a 26yr old pharmacist in Massachusetts and currently working in retail. I started listening to BP's podcasts a few months ago and became hooked. I recently had an offer accepted on a multi-family here in Massachusetts. I recently became interested in learning about the market in Milwaukee. I am highly motivated to learn and take action! See you around...

Kevin Huang What's up Kevin? I recently graduated as well. I'm working as a pharmacist in Massachusetts. Would love to do some work together as I think we are in the boat. Let me know if you're interested. Take care