All Forum Posts by: Alex Whitmore

Hey Steven! It's very cool to have heard your story a couple weeks ago at Justin's REI meetup and now see you highlighted in BP's success stories. Congratulations! Your before & after pictures look excellent.

On the Podcast you hear a lot of guests and investors refer to finding markets that are in the "Path of Progress", meaning the economy and community show signs of improvement. It seems like you have the advantage of being local and monitoring trends and seeing improvement (or not) first hand. If you are able to capitalize on a good deal in the area with exit strategies in mind, you could have something great. 

If crime is your concern, find a neighborhood that is less dangerous and/or up-and-coming. Another thing you hear on the Podcast is investors coming in and having a positive impact on the neighborhood and working with the police and the community to reduce crime and make it safer. It would be pretty cool to get in on the proverbial ground floor of Springfield Renaissance :)

@Charlie MacPherson Thank you, I'll be sure to check it out.

@Charlie MacPherson This is all very helpful information. Is it safe to assume that a double close would require a transaction loan and 2x the typical costs i.e. lawyer, Registry of Deeds, wiring funds, etc? I suppose the crux of what I'm wondering is how much more complex and costly a double close is relative to an assigned contract in Massachusetts? I see you are licensed, so this may not be your bread and butter, but you seem like you know the subject matter.