All Forum Posts by: Steve Bracero

Welcome @Stephen Beaudoin

BP is a great place to learn! I am also looking to invest in Massachusetts, specifically Worcester County. Feel free to reach out and maybe we can connect at some point! 

@Jeremy Taggart too bad you didnt get the property- It seemed like a good deal and nice job taking action! Many people get stuck in "analysis paralysis" and are nervous on making offers. 

Hi @Marcus Martinez

Agree with @Logan Allec the fourplex will get you the maximum return and cash flow- 

I am also looking to purchase my first property and live in with an FHA loan. The BP community is excellent and a great place to learn. Make sure to listen to the podcasts tons of actionable content there!

Hi @Tory Kelliher and @David Foscaldo

Welcome to BP! This is an excellent place to learn. I am also im Massachusetts and looking to close on my first deal very soon. I am looking to buy a multi family and to "house hack" my first deal. Ideally it will be a triplex, or duplex. 

Feel free to reach out, we can connect! 

This thread has been very helpful! There are many great ideas here and I hope to implement some in the future- 

Welcome @Michael McWatters

Pick one route and stick with it. Find one niche and learn it, it will be to difficult to switch from multi to single family etc.  If you choose multi families, analyze deals daily in your market. This will help you spot a good deal quickly and learn the better parts of the city to invest in. I find it helpful to set a deadline of when I want to buy my first property. This helps keep me on task so I know the process will lead to the result. 

Good luck with purchasing your second property!

Hi @Andy Lanser

It seems you are looking to house hack which I am as well. To be successful it will require consistency over time and routines or habits. For example, analyze 3 deals a day which would be 100 a month. Of those 100 offer on 10 and 1 may get accepted... This is possible if you can analyze deal quickly. I use the BP calc, and it only takes a handful of minutes... 

I am also using and FHA loan and planning on living in my first residence for one year then moving to the next. The first deal is the most difficult since I do not want to get stuck in analysis paralysis-

BP is a great source and you have the correct mindset to succeed- 

Hi @Jimmy Fazio

This sounds like a great deal! Make an offer and go from there. See what you are qualified for and be ready to offer. Since he is a motivated seller, he may just want to get rid of the property quickly... 

Hi @Michael Holland

In order to reach 10%, the property will increase in value some way. These properties are very difficult to find since we are just looking for "great" deals- 

Hi @Mark B.

I am also looking to house hack in a multifamily. Have you been pre qualified? This will let you know how much you can borrow and keep your searches in the appropriate price range. 

If you have good credit, I dont believe the car payment would effect how much you qualify for. 

Go through a few lenders and find one that works for you,