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All Forum Posts by: Steve Bracero

Steve Bracero has started 2 posts and replied 1149 times.

Post: Mortgage Broke/CPA Referrals in SE Mass

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Hi @Alex Schneider

I am also looking to invest is Mass. House hacking is fantastic if done correctly, and finding the correct deal. I agree, its extremely important to find and build relationships. Maybe we could connect and chat sometime. 

Post: Newbie already wildly rich

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

@Grant Cox

Yes, I use the MLS and the Bp Calc's- for rent I use padhopper, as well as craigslists to determine market rents for the area. It is overwhelming at first but once you take action and start, it becomes easier.

Post: New member from Massachusetts

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Welcome @Daniel Frigo

I am also in MA and new to real estate. I am looking at the buy and hold strategy with multi families. 

BP has tons of good valuable information- connect, and build relationships, networking is the name of the game. 

Post: Looking to Master Multifamily

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Welcome @Adam Schroeder

I am also looking for a duplex or a multi family for my first property- I am using an FHA which is 3.5% down which is something you may want to look into

BP is a great place to learn! I listen to the podcasts as well and the books, great info

Post: Hello my name is Xavier

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Welcome @Xavier Knight

I would also recommend the FHA @ 3.5% down for a multi family-

This gives you a step a becoming a landlord as well as owning a property. 

Make sure the rents are 1% for example for a 200,000 house- rents would equal 2000 a month- 

This is a great site to learn, also check out the podcasts! 

Post: How to Analyze Duplex in Minneapolis

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Hi @Eric Bate

For an owner occupant duplex, you want to analyze with you living in the property and as well as you not living in the property. 

You should cash flow with you not living in the property. With a 150 purchase price, rents should equal 1500/mo from both units (1% rule). Remember this is just a rule of thumb and gives you a general take on if this is a deal to pursue or not- 

Use the BP calc as well since you will forget some expenses.. etc. 

Post: Newbie already wildly rich

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Welcome @Grant Cox

I am also looking to house hack in a multi family. It is a great strategy to begin with. Gather info from surrounding areas and analyze deals daily.

I use the MLS but you can also use zillow, trulia to find deals.

The BP calc are great, I use them and they show you exactly how to anzlyze the deals. 

My goal is to analyze three a day and make 5 offers a month... 

Post: As a first investment, should I look to flip or house hack?

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

Hi @Austin Mudd 

Personally, I am looking to house hack and build equity. I am able to move out after one year and cash flow with the property. 

With what you are putting down, run the numbers and check your numbers to see if the percentages work for you, 

If you don't know the neighborhoods, check listing daily for trulia, trulia, and MLS. THis will show you the prices in your markets. Also Craigslist can show you your market prices for rent, as well as padhopper.

Focus on Flip or Buy and Hold, just focus on one to fully understand it. 

Post: Not having much luck with Craiglist

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

hi, if you set up iftt alerts they can come straight to your email when a keyword is mentioned. Very similar to BP alerts. I have iftt alerts for multi, duplex, and Triplex in my area. 

I have not had luck yet but this is what I would reccomend for finding leads on cl.

Post: Multi family deals

Steve BraceroPosted
  • Real Estate Agent
  • Westboro, MA
  • Posts 1,179
  • Votes 471

I use the MLS but there are multiple ways to find leads. You can also use trulia and zillow to find some deals. I am looking to get into direct mail marketing