All Forum Posts by: Brett Merrill

@Pouyan G.It's worth the money to consult with a knowledgeable RE attorney in your area. This seems like a tricky situation and you want to make sure you're protected.  

@Shawn Morrow I have a similar amount of units and a very similar life/financial set up. We are at the same crossroad. However, this is a good thing. I'm sure you ran your #'s with the expectation of future management. I take pride in managing my properties and have always had the best experience with tenants, little to no vacancy and expedited repairs. I am working now at finding a management company that will allow for negotiation to still allow me to have the control and oversight that I fell comfortable with. I would work on using this time to transition from being a full time manager/book keeper/etc to being a full time investor. I feel that this is the only true way to scale. My actual career is very flexible so I'm not ready to part ways with that yet but I will be starting with finding great people to start taking over the management and daily operations that have been cutting into my time. While this will cut into my cashflow in the short term, it will certainly result in a greater ROI with the time it will allow for me to scale by business.

Hi @Joshua Hinton

Congratulations on starting your REI journey. You certainly have come to the right place.I am an active investor and the featured agent for BP in the Western MA area. I'd be more than happy to lend guidance as you start off on your new venture. Feel free to connect and reach out anytime. I look forward to speaking with you.

Hi @Kay Thi Oo welcome to BP! I'm a buy and hold BRRRR investor and agent out here in Western MA area. Feel free to reach out if you would like to connect. Best of luck on your REI!

Hi @Alexis Jerusik welcome to BP! I am a fellow investor and agent in the Western MA area. BRRRR and house hacking are the best! Let me know if you have any questions I'd be more than happy to connect. Best of luck on your REI journey!

Good morning. I am an active agent and investor in the Massachusetts area. I have a cash buyer looking for a large amount of land in the Vermont and New Hampshire area. He is hoping to have it close to a body of water or river. I am looking to connect with an active agent and investor in both Vermont and New Hampshire that I can set up a referral with and assist me in finding him the land that he is looking for.

Hi @John J Murray

Yes, it is possible to purchase a home before it goes to auction when it is in the foreclosure process. This is known as a "pre-foreclosure" sale or "short sale" where the homeowner is in default on their mortgage but the lender is willing to accept an offer for less than what is owed on the mortgage. A real estate agent can help you find pre-foreclosure properties and guide you through the purchase process.

Hi @Stephen Rodrigues I would definitely start by finding the featured agent in your area of choosing and or the investor most active on BP for that area. Most times they will be the ones with the most knowledge for that area. 

Hi @Rodney Julien,

Welcome to BP! Congratulations on starting your REI business. I was in Boston and now I am in Western MA. Let me know if you want any insight into the market out here. A lot of people have a vastly wrong idea, but that's good to keep the competition down.

Hi @Eunice Villarroel

Investing in properties located in flood zones in Florida can come with both risks and benefits.

Benefits:
- Properties in flood zones are typically priced lower than those located in areas with less risk. This can provide investment opportunities for buyers looking for affordable real estate.
- Florida is a popular tourist destination, and many flood-prone areas are close to the coast. Properties in these areas may have high rental demand, especially during peak tourist season.
- With proper insurance and flood prevention measures, property owners can minimize potential damage and protect their investment.

Risks:
- Natural disasters, such as hurricanes and flooding, can cause significant damage to properties located in flood zones. This can lead to costly repairs and maintenance, potentially lowering the property's value.
- Properties located in flood zones may be at a higher risk of damage from climate change, as sea levels rise and storms become more severe in some regions.
- Insurance policies for properties located in flood zones can be more expensive and may not provide full coverage in some cases, depending on the terms of the policy.