New Member in Massachusetts

New Member in Massachusetts

Real Estate Investor · Cambridge, MA · Member since 2009 · 14 posts · 0 votes

Hi-

I've attended quite a few REI seminars & webinars, networked, & read books. I was a landlord for about four years, & now am learning about short sales and bulk REO sales-

I've been in REI for >5 years; am focusing now on selling bulk REOs & short sales & owner financing.

Early on, I stabilized and repositioned a multifamily property in central/western Maine, doubling rents in the process, then sold it for apparently significantly higher than the going market price to a neighbor. Another neighbor there expressed amazement that there actually might be landlords such as myself who care about the buildings, tenants, and community; and a third neighbor there told me the whole neighborhood / area improved "110%" after I bought the property and started making improvements (many of them simple- such as working with tenants to pick up their belongings from the yards to store in the basement).

Now I want to earn much more money, and relatively quickly, if possible. I've been advised that owner financing can be a good strategy for that. And I'm learning about bulk REO sales, so joined that group, too.

Thanks for making these forums available, Joshua et al.!

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  • Real Estate Investor · Cambridge, MA · Member since 2009 · 14 posts · 0 votes
    17y

    ...Am wondering how the number of points of Influence is determined for each posting: the number seems to vary....

  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    17y
  • Contractor · Oviedo, FL · Member since 2009 · 18 posts · 2 votes
    17y

    Thanks John, much appreciated!

  • Real Estate Investor · Cambridge, MA · Member since 2009 · 14 posts · 0 votes
    17y

    Yes-- greatly appreciated, Jon!

  • Residential Real Estate Agent · Somerville, MA · Member since 2009 · 195 posts · 32 votes
    16y

    Hi Judith,

    I moved back to Newton, MA after living in NYC for the past couple of years. I was pursuing a career in the film out there, but over the last 2-3 months I've become heavily interested in the real estate world. I've met with quite a few people and I've read as much as I can get my hands on.

    If you have a couple of minutes I'd love to chat!

    Best regards,

    Sage

  • Centennial, CO · Member since 2009 · 758 posts · 251 votes
    16y

    Hello Judith, Welcome to BP. Your focus on REO and short sales should serve you well in the current environment.

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    16y

    Welcome to BP, Judith! We're happy to have you.

  • Specialist · MA · Member since 2009 · 858 posts · 306 votes
    16y

    Hi Judith!

    THere is a Lowell Landlords group that's pretty active on Facebook (If you're on facebook at all).

    So far BP has been the best forum I've seen with help and knowledge. I think you're in the best place.

    If you're close, I always recommend the Boston AREIA group. It's a great group. You'll find what you need there as far as local networking FSBO, etc.

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