All Forum Posts by: Brandon Ingegneri

It has been my experience that if you produce a good product and perform your due diligence with applicants that there are are a number of qualified individuals regularly looking for vacant units.  

Why not consider a commercial loan and have an additional unit consistently providing you revenue? If you are against that particular option, you can townhouse the units as previously mentioned.  

I own several in Woonsocket and can attest that the cost of entry is definitely more attractive in Woonsocket.  However, appreciation occurs at a much lesser rate than other municipalities and markets.  Rents are definitively lower as compared to other cities and towns that I have rentals in.  Woonsocket does have a heavy tax burden on property owners.  In addition to high property tax rates and high insurance premiums given the city demographics and ISO ratings, there is a relatively expensive sewer tax, and private trash service is required on properties with 4 or more units.  When you add it all up and take into account the market rents, you still need to hammer out a good deal and make your money on the purchase.   

You can easily come up with a rough framework least template relatively easily, always leaving it editable if there is a particular nuance related to a particular property. I'd definitely recommend having your attorney look one over or work with you to comprise one. 

If you are seeking traditional financing, you may need to utilize a 203k.  You could also explore commercial loans.  Private financing and or hard money may be able to assist initially prior to a refinance. 

Live for today, plan for tomorrow.  Encapsulates the best of both worlds. 

Grab a job banging nails.  If you are in the house biz, there is no better skillset to learn. 

If you are doing any in depth construction, Home Depot is 100% the place that is more geared towards that. Lowes is sometimes better when picking finishes like appliances, light fixtures, etc.

Excellent start.  Your exhibiting forethought, are asking all of the right questions, and most importantly are being proactive!

@Lough, George I have been with him for over a decade, and have always been very happy with his work and level of commitment and transparency.