All Forum Posts by: Brandon Rush

I second @Samuel Eddinger. Hit up some meetups and network with local investors. Do not be too quick to jump into finding a "mentor" as real estate is very broad and there are many out there who will be quick to take your money.  Start surrounding yourself with other investors, learn what they are doing and then start honing in on what aspect of real estate you want to get into from there. Take your time and DO NOT RUSH IT! See you around. 

Nitish, I second what Sam says. If you are ever around stop by my meetup, it's hosted once a month in New Britain CT. @Samuel Eddinger is actually presenting at our next meetup which is taking place this evening! 

Hey James, it all comes down to the needs of the seller. I have seen terms that are just 1 year and terms that are 10 years. To be honest I have not seen a full 30 year seller finance term. When working with the sellers, you need to first listen to what they need vs assume. Based on their needs, you can then frame a seller finance offer that may make sense for them. Regarding interest rates, the recent seller finance deals I have seen have been slightly below market interest rates, but nothing like 3%. Hope that helps!

Hey Patricia, 

Since you are moving forward with the purchase my recommendation is to make sure you have money stashed aside for a rainy day, in other words make sure you have a reserve on hand. Also as @Samuel Eddinger mentioned, if you are in the for the long haul and not planning to sell it in the near future, things will work out. Nothing to panic over, just think long terms with your decisions and it makes like MUCH easier. Good luck on this one!

Hey Patricia,

Assuming you have the funds for another down payment I would simply go speak with your lender and tell them that you are planning to purchase another property. They will be able to give you the best answer to your question and what next steps are. If you start running into issues with DTI then you may want to consider going another route such as a DSCR loan which your lender may offer as well. Either way, if you have the money, it can definitely be done. Good luck on the next one!

 Thanks for the shout out Dave! Kalp, I will connect with you directly. 

Date, Time & Location: September 21, 2023 | 6pm-9pm
Back Nine Tavern at Stanley Golf Course| 245 Hartford Rd, New Britain CT 06053

***Registration Required***

https://www.eventbrite.com/e/698076173627

Topic of Discussion:

Join us at the upcoming NEI Real Estate Investor meetup as we dive into the art of underwriting investment property with local investor and owner of Ironclad Property Management, Sam Eddinger. Delve into the intricate world of property acquisition and learn the vital considerations essential for crafting a thriving rental portfolio. Whether you're a seasoned investor or just stepping into the real estate game, Sam will share invaluable insights to help you make informed decisions and maximize your investment potential. Don't miss this opportunity to enhance your underwriting skills and connect with fellow investors.

Usually our meetups take place every third Thursday of the month from 6pm-9pm at Back Nine Tavern at Stanley Golf Course, 245 Hartford Rd, New Britain CT 06053, but dates and venue are subject to change, so please make sure to confirm the posted information There is plenty of parking. Generally we socialize & network for the first 45 minutes, followed by announcements, then we get to our guest speaker(s) and/or discussion.

Pre-registration is required and there is a fee of $20 to attend the meetup. Also, we encourage attendees to order food and/or drinks during the event to support the venue.

We look forward to seeing you!

Subscribe and get notified of future meetups here: www.NEIMeetup.com

Date, Time & Location: August 17, 2023 | 6pm-9pm
Back Nine Tavern at Stanley Golf Course| 245 Hartford Rd, New Britain CT 06053

***Registration Required***

https://www.eventbrite.com/e/684345875937

Topic of Discussion:

Join us for a delectable evening of networking and collaboration at the August 2023 NEI Real Estate Investor meetup. Our special Vendor Showcase event is centered around helping you "Build Your Team," connecting you with a diverse array of local vendors and companies offering valuable services catered to real estate investors. Food will be included
Interested or currently involved in real estate and looking to surround yourself with like minded individuals? We welcome you to join us for our monthly real estate investor meetups in New Britain CT. This meetup is open to all who have some form of a connection to real estate or just looking to learn more.

Usually our meetups take place every third Thursday of the month from 6pm-9pm at Back Nine Tavern at Stanley Golf Course, 245 Hartford Rd, New Britain CT 06053, but dates and venue are subject to change, so please make sure to confirm the posted information There is plenty of parking. Generally we socialize & network for the first 45 minutes, followed by announcements, then we get to our guest speaker(s) and/or discussion.

Pre-registration is required and there is a fee of $20 to attend the meetup. Also, we encourage attendees to order food and/or drinks during the event to support the venue.

We look forward to seeing you!

Subscribe and get notified of future meetups here: www.NEIMeetup.com

Ryan!

Welcome to the BP community and thanks for the intro! I am a multifamily/commercial focused agent in the Hartford County market and will connect with you directly.

Thanks for the shoutout @Devin Peterson . Hey Lindsay, I am a multifamily/commercial focused agent based out of the Hartford County market. I am available if you would like to jump on a call regarding the Bristol market. I will send you a message directly. Thanks!