All Forum Posts by: Zachary Gray

Hi Ed my partner and I own 300+ units in the area and would love to help you find investments that meet your cash flow goals of leaving your w2 job. Id love to connect on a call. send me a private DM

Highly advise taking the ADU and the first floor unit and creating a master "single lease'. This will provide protection both against the city as well as provide ability for you to pursue eviction if needed. if you rent an illegal unit and the tenant doesn't pay you have no grounds for eviction. Lastly as an illegal unit it is huge liability if there was a trip and fall claim, fire etc your insurance may not cover.

I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. 

last option not considered is you living in the bonus unit to have a free place to live with minimal risk 

Hi Robert,

Id love to connect and better understand what markets you may be interested in. my partner and I are based predominantly out of Worcester. we frequently partner with other investors and we also constantly have deals come across our desks that we don't have use for. Id love to potentially see if we have some synergies. Love the devotion to the podcast

my partner and I own 300 units in MA and RI and roughly 100+ in Worcester. I would love yo help identify how I may be able to help you. Whether it be finding a deal to advising on an existing deal. Best of luck in your search

whats up man! I live in southbridge and actually work out at prime in oxford! Would love to see what kind of projects you had in mind. We are open to partnering on flips and raising capital/ tandem operating the deal. lets connect

I think working with an insurance broker is a great way to go to derive the most competitive quote at no cost to you.

I also think that you can increase your deductible up to say 5k as well as request your tenants carry renters insurance. This will reduce likelihood of a claim and your premium

100000% yes

I similarly began attending meetups about 4 years ago. I thought it would be extremely formal guys with briefcases and way over my head. i felt it rapidly grew my network, knowledge basis, and confidence that has propelled me to be successful in acquiring 300+ units over the last 4 years. 

I didn't know the difference between a heating system and water heater, I didnt know how to screen deals, I didnt know how to calculate cash on cash. we all start somewhere. 

I have met some of my partners at meet ups, best contractors, scored deals, raised money for deals, you name it. 

My partner Andrew Freed runs the largest meetup in Worcester through simplified REI. come by and check it out

jdcu- bo stevens

gfa cu- Brian rumowski

winter hill- rich vernett

webster first- bryan regale 

All good places to start 

My primary concern with two separate leases is that it would be extremely challenging for you to remove a tenant via eviction for any reason because technically it is one unit.

My recommendation is to provide one master leases signed by both groups of occupants. This will allow for you to cleanly pursue an eviction if ever needed. You would simply place all names of occupants on the notice, pursue eviction, execute eviction of those you did not want to stay and let the others stay. 

We have done this and had success with this 

I have an excellent carpenter who has done multiple decks for me in the area at a reasonable price I’d be happy to refer you