All Forum Posts by: Timothy White

The systems are the key to efficiency and meaningful growth for realtors AND investing.

They help guide with data and automate a good amount of you and your offices to Dos

plenary out there to review and choose to suit you and your businesses

Be cautious with the fine print in some of these programs.  We have come across many situations where a new buyer has to assume the loan or the seller has to pay off balances before title passes on the property.

it can get sticky in a transaction

best of luck!

Realtor / investor greater Boston

Well done sir!  This path is indeed daunting  which keeps most from starting and committing to their goals and the process. That alone puts you  in a rare class. 

This may help fortifying your decision and timeline;

Have your CPA review the benefit of being a full time agent who owns and actively participates in the management of  rental property they own. The tax savings in this shelter are significant and may be the tipping point to get you all in sooner.  Speak with your CPA to understand this scenario and how your state refs apply to it

Best of luck

Tim White

Realtor /investor Boston MA area

Any time 

enjoy your the growth road you committed to

(And your weekend) 

Ohh you have a wonderful asset In great towns for rental income.

we had a client whose home we sold In Lexington who had made above rent rates for that terrific town by managing Extended VRBO like stays. 

these take more managing but can deliver highest returns if that's key for you and your family.

either way renting in one form or another retains your  asset ,the tax shelter along with the market value increases over time.

well played sir!

Congratulations on a great plan to get into our wonderful market. It's exactly how I started  the investment side of my business in Belmont and somerville 

.  My accountant told me he'd kill me if I ever sold that first 2 family :)

that has proven to be excelelnt advice  which funded additional properties

Any member the BP community would be more than happy to  deliver information or guidance to help you along your path.

best of luck on what will absolutely be a fruitful journey for you and your family

Tim 

Investment Info:

Single-family residence fix & flip investment in Belmont.

Purchase price: $601,000
Cash invested: $120,000
Sale price: $1,300,000

This gem needed some love and care . The corner lot and town where prime neighborhood with one of the best school systems in mass. Location matters which brought in the great return

What made you interested in investing in this type of deal?

Triple A location with best schools

How did you find this deal and how did you negotiate it?

Drive by

How did you finance this deal?

Conventional with HELOC from other properties

How did you add value to the deal?

Intense internal cosmetic and top tier landscapping

What was the outcome?

Excellent return on investment

Lessons learned? Challenges?

Be patient finding the deal and polishing it

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Coldwell

@Elena C. Got a Great real estate centric young guy . VERY knowledgeable in our field

I'm a realtor and investor In Mass he tuned me up plenty

Colby is his name

lmfsg.com. Andover ma

Tell him I spoke highly of him for your needs

@Kyle Marsh check out Boston REIA group

Thier are a few text or voice to sign language translators that may helpfil ALanna