All Forum Posts by: Bethany Turon

What sites/resources does everyone use to find rental properties? I'm in Maine, hunting around the Augusta/Kennebec County area. It seems like 75% of what I have been looking at have been pending by the time I look at them (within a couple days of me finding them) and 100% of the ones worth putting an offer in have already been under contract within a matter of a couple days after I find them online. 

Any tips/tricks/suggestions for finding them quicker would be much appreciated.

I've been considering direct mail to possibly get some off-market interest, but that won't be for another couple of months, after my wife and I have our first kiddo.

Thanks in advance for any guidance!

- Joe

Quote from @Josh Cousineau:

Welcome, let me know if you need any help in Maine as I have lived here my whole life. Building on/near the water can be hard, depending on the town. There are lots of rules. Buying something and rehabbing could be a more simple plan, BUT finding something on water in Maine is hard! They go quick, there aren't many of them, and they cost a lot. 

BP is the place to be to get the help you need though. 

Thanks! I’m starting to realize it’s going to be tough finding what we want. Since this will be our vacation home and place we frequent, we’re not in a huge rush and are ok with waiting until we find what we want, renting it out when we’re not there is just a plus. 

Since we are motivated to get into an investment property, we may start looking elsewhere in the meantime since the Maine lake house may take sometime. 

@Bethany Turon Do you cover that area?

I sold my house this spring and have $100k to invest. I'm looking for ideas from seasoned investors on how to best invest this capital.

I live in Portland, Maine. The housing market is high and bidding wars over properties are common. I'm open to multi units, development, flips, etc.

Goal: My goal is to have this money invested in ways to bring cash flow and retire from my job in five years.

Additionally, does anyone know of a lender for multi units that offer 3.5%-15% down for non-owner occ?

Thanks!

Hello,

I'm working to get into the rental market. So far all I have is a $60k HELOC that I intend on using as a downpayment (or down payments). I have spoken to a couple local banks and they won't give me an approval without rental history on the properties I'm looking at first. I have been looking at places around me because I thought it would be the best way to learn, but I'm in Maine and it isnt a super populated place and all the multifamilies are extremely old.

Am I going about this the wrong way? I'm open to starting out of state but don't even know where to begin, or if that would be the right thing to do. 

Any tips on securing financing or finding the right place in the right spot would be greatly appreciated.

Thank you,

Joe