All Forum Posts by: Michael Brown

Well even with a 210K comp (the lowest most conservative comp) that leaves me with an 80K buffer (assuming I was to pay the asking price) Marlborough, Massachusetts

@Kenneth Garrett The bank is asking for 129K, but according to the assessors site, they are only owed 80K, meaning they are asking for 40K over what they are owed. Not adding them together lol

@Brandon Turner

DEAL!!!

This is a no brainer FIX and FLIP. Am I right? Not a bad area. 80K owed to the bank per the county assessors website. Asking price of 129K. Comps between 210 and 370K.

Used the flip calculator with conservative numbers and this deal is screaming $$$$ at me. Am I missing something? 

Help me out BP!

@Jahnae Allen I do not. Student loans take all my money, thus my interest in the 203K loan program.

Hello Everyone - Newbie/Future Real Estate Guru Here!

From doing some research and listening to numerous podcasts, I have found that a 203K loan sounds like an awesome way to get into the real estate game. My fiance and I are getting married in August 2017, and I have been looking into buying our first home/investment. I would like to kill 2 birds with one stone, meaning buy our first home, and our first real estate investment, a multi unit home to house hack. The first step in doing so however, is getting pre-approved. Can someone recommend a 203K loan lender that they have used in the Boston Area, that was awesome and painless?