All Forum Posts by: Tanya R.

@Kevin Hayes 

Thats great luck that you found it then.  Yes the multi families in our state are not nearly as plentiful anymore.

@Ryan Howard

Well I'm glad you're taking the same approach I was thinking.  It's definitely reassuring.  Thank you for the suggestion on seller financing options I'll look into that as well.

@Steve Kontos

Since joining this forum I've started to see there's many creative ways to finance.  Would you recommend starting with flips vs trying to find funding for a rental?  Seems like it's easier to get short term private or hard money loans at this stage.

@Kevin Hayes Congrats on your first multi!  Did you find it easy to find a deal in Worcester?  I'd be interested in looking out there, I  have friends who bought primary residences in Western Ma as they could buy cheap.

@Shamus Quirk Thank you!  I will be in touch to run a few questions by you.

Hi Ryan,

I'm a bartender in a similar situation. Athough I've run into dificulties getting my employer to verify my employment/income with a bank so I cannot qualify for a mortgage. I keep track of my cash and get my taxes done and suggest you do the same if you want to invest but continue being a server. You don't want to get audited and pay back taxes, and it's very hard to move forward without a verifiable income. At this point I'm considering using hard money loans to do some flips to build up more capital, have you looked into doing something like that? I'm also interested in how to utilize an LLC to get a mortgage for a multiplex. I think we'd need 2 years of verifiable income from the LLC and we'd be subject to higher down payments to qualify for a mortgage, just something to think about. I'd appreciate if you share anything you learn and I'll do the same.

Hi,

I'm here to learn how to acquire and rehab properties.  My area is north of Boston and Southern NH, looking mainly in the larger cities at du and tri plexes that can be rented as well as sf fix and flips.  I ultimately want to be a landlord, but I think doing a few flips first will allow me to build the experience, contacts, and capital to be successful.

I'm look forward to what being a member here can teach me.  Cheers!