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All Forum Posts by: Alexander M Stanton

Alexander M Stanton has started 12 posts and replied 45 times.

Post: Looking to connect with architects/engineers

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Hey all! I'm an investor/flipper/multifamily/campgrounds and recently got my CSL. I'm looking to expand into development and hoping to connect with architect/engineering folks who might be able to help me take some building concepts/rough plans I found and turn them into actual permit-level plans that my team and I could get approvals for and build.

Any recommendations in Worcester/Boston/Massachusetts area?

Post: Looking for Contractors near Gardner MA

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Thanks Jeffrey - going to a meetup near there is a great idea.

Post: Looking for Contractors near Gardner MA

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Hey everyone - I have a large (8-unit) building in need of major rehab. Needs to be fully gutted and had both fire and water damage. Looking for recommendations for a contractor who could handle this so I can figure out the cost and what I can afford to do with it.

Post: Looking for Insurance Recommendations in Worcester County

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18
Originally posted by @Andrew Freed:
Originally posted by @Alexander M Stanton:

Hey everyone! I think the title is self-explanatory!! I am purchasing 8 units in Gardner this month using a private loan, and need to find a good insurance broker to work with. Any investors have a recommendation?

Thanks very much!!

Rich over at Rawson insurance in Worcester provided some great rates and service. He was well below his competitors and always came through when needed. Here is his info. Let him know I referred you.

https://rawsoninsurance.com/

In addition, since you are in the Western MA area, I know of a great real estate meet up occurring soon. Check it out, it seems like a great place to network with other investors in the Worcester area and get a lot of your questions answered. Below is a link:

https://www.biggerpockets.com/forums/521/topics/964628-in-person-pints-and-properties-meetup-worcester-ma

Hey Andrew! I appreciate the suggestion, I'll check them out! 

Post: Looking for Insurance Recommendations in Worcester County

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Hey everyone! I think the title is self-explanatory!! I am purchasing 8 units in Gardner this month using a private loan, and need to find a good insurance broker to work with. Any investors have a recommendation?

Thanks very much!!

Post: Looking to connect with Pittsfield MA Investors

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Thanks everyone for your helpful replies! Looking forward to discussing further with you!!

Post: Looking to connect with Pittsfield MA Investors

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Hey Bigger Pockets!

I'm looking to connect with some investors based out of Pittsfield MA, because my partners and I are looking to buy out there and would love to get in touch with some active investors out there to learn more about the market.

It seems like smaller multifamily trades at great prices out there and I'd love to talk with some people about their experience and learn more about investing out there.

Thanks very much!

Post: Where can I go to become a seller financing pro?

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18

Hey everyone!!

I am really excited right now because I've connected with a seller for an off-market deal and we're getting really close to an agreement. He's already indicated that he's open to seller financing, and I know what terms I want to make the deal work.

BUT

Where can I go to really find the technical details on how the deal needs to be structured? What taxes will the seller pay, and when? I'm planning to offer interest only for 3 to 5 years with a balloon payment at the end, and I want to make sure I can explain it properly.

Can anyone recommend a good book or course? I've already listened to lots of youtube videos and podcasts, but I really don't need the hyped up overview anymore.

Thanks!

Alex

Post: Renting by the Room in New Hampshire

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18
Originally posted by @Greg Powers:

Here is a link to the New Hampshire statutes regarding rooming houses:  

http://www.gencourt.state.nh.u... you need a referral to a good landlord/tenant attorney in NH who can answer more specific questions, let me know and I can pass along a few names.

 Hey Greg, that actually would be super helpful. I am currently operating without an attorney in NH and it would be great to get a referral.

Post: Renting by the Room in New Hampshire

Alexander M StantonPosted
  • Rental Property Investor
  • Worcester MA
  • Posts 46
  • Votes 18
Originally posted by @Steven Foster Wilson:
Originally posted by @Alexander M Stanton:

Hey guys, I really appreciate the feedback! I've already gotten the full numbers on utilities etc. and I think at the price I'm paying, with very conservative reserves, I'm gonna be able to get around 25% Cash-on-Cash with this strategy so I think I'm going to stick with it for now and if I have to reduce to 4 tenants I'll still make decent cashflow.

https://www.biggerpockets.com/... Listen to that podcast if you haven't already! Todd speaks to this and explains how he is able to really capture the true value without sacrificing quality of life. 

 I'll definitely listen to this one, thanks Steve!