All Forum Posts by: Sam Tang

Welcome Chris! Congrats on the property purchase two years ago! That is when I got in and now with hindsight that definitely sounds like it was the right decision given how fast the market has heated back up here in the Boston area.

I love your plan to move within each unit and fix up as I did it with my unit and I'm a firm believer in asking yourself the question of "Would I want to live here and how much would I pay?" when doing rehabbing. I feel it gives me a better confidence and justification for the rent I charge because I know at least one person out there would be willing to do it :)

Thanks everyone for the support and especially, Joshua Dorkin and Brandon Turner for creating the podcasts! One of the first things I set up was the keyword alerts thanks to the QUICCKKKKK TIPPP haha

Justin Silverio I was half expecting my welcome thread to be dead by now but wow there sure are more MA investors on here than I previously thought. I wonder if that has to do anything with the flipping show about our area :)

Thank you for the link Steve. It was a nice read from the seller's perspective. Sounds like at least in a hot market, it might not be a waste of time.

I have seen a MF listed on the MLS with this type of sale slated to happen next month so I wanted to see if it would be worth my while. I'd be curious to hear if anyone had executed a successful strategy at one of these or just their experiences in general.

The listing says there is a reserve, would it be customary to contact the listing agent about this?

Also do people often bring an agent to these types of open houses?

Thanks for the replies guys, I'll look forward to meeting some of you in the near future!

Hello All -

Just wanted to introduce my self to the community. I have been a long time anonymous reader that was building my knowledge base while I was preparing to jump into REI. Now that I feel more ready to take the plunge, I'm hoping to be more engaged in the community. I'm 26 years old and have a full time job in the IT industry. I'm complacent with what I am doing now but definitely would like to get out of the 9-5 cubicle monkey routine.

I currently live in Boston, MA and own a 3BR condo near a university. I've rent out my spare rooms for about 2 years while I've built up my savings for another property. (Its expensive investing in the Boston area!) I'm hoping to either save up a little more and purchase a multi or get a nice 1BR in a desirable area (use as a future rental) to live in as living with roommates gets less and less appealing as I get older haha...

I hope I can build a better network of individuals to work with on the site and look forward to contributing in the near future!

I've had this recently happen where a toilet leaked down to the owner below mine. He filed a insurance claim and wanted me to pay the deductible. I didn't want to pay it out of pocket so I gave him my insurance so the insurance companies could battle it out. I figure I pay insurance for a reason..in the end my company told me it was not my fault because it was accidental and I made my best attempt to fix the problem asap.