All Forum Posts by: Tamara Taylor

@Nate Ginsberg  Welcome to BP. I'm also from the Leominster area. Just sold my first "live in flip" a couple of months ago and I'm about to close on a place in Gardner and do it all over again. Inventory on everything is low in Central Mass. I got shut out of 2 deals before I found this one in Gardner. I'm hoping to find smaller multifamily properties in southern NH also. That market seems to be even tighter. Good luck with your duplex!

Tamara

Thanks for posting! I was just talking about this with a friend of mine.

Tamara

I have opted not to take on renters in MA. Just doing flips right now. I'd like to get some multifamilies in southern New Hampshire though. We'll see...

Tamara

Hi Nate,

Congratulations! This is fantastic. Finding a good tenant is like winning the lottery in Mass.

I just did a live in flip in Leominster, closed 2 weeks ago. It's a great market. I'm looking for my next property now.

Best,

Tamara

Hi Barbara,

I'm just reading this post now. How have things gone? Have you made any headway? 

Tamara

Congratulations! That is quite a success. You saved so much money doing the work yourself. I'm also doing a live-in flip, with a 203k loan. My numbers aren't quite as good as yours but I haven't lost any money. Construction is done and I have a few minor things to address before having it appraised. Who did your appraisal?

Just be honest in your profile and as thorough as possible. Change it as your goals and experiences change.

Nothing in real estate is black and white. A 20% down payment is not always feasible. Everyone's situation is different. The point is to do what ever it takes to get in the game without losing money. Putting down less than 20% works for many people, including me. After this first deal, I will likely be able to put down 20% on the next. 

Keep doing what you're doing. Ask questions, read, network, and listen to podcasts.

@Akash Sky Brandon's book on No and Low Money Down really helped me figure out how to finance my first deal. And books like Rich Dad Poor Dad and You Are A Badass are keeping me motivated to move forward with my plans every day. You have to be tenacious in this business. Set a real solid goal for yourself. 

Also, complete your profile or people won't take you seriously. 

Good luck!

Here are 20 books to check out and there's one in particular that covers multifamily properties.

https://www.biggerpockets.com/renewsblog/wp-conten...

And I highly recommend listening to every BP podcast, even the ones you think aren't going to be relevant. There's always a good tid bit about strategies that relate to all types of investing.

Congratulations! There's a lot to be said for delegating work and freeing up time. Time is money.