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All Forum Posts by: Bud Gaffney

Bud Gaffney has started 19 posts and replied 2273 times.

Post: contractor is threatening to take me to court

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

@Marcus Auerbach tell him to kick rocks, barefoot. He won’t take you to court. Call his bluff.

Post: A couple deals under my belt, but at a stand-still and need a coach/advisor.

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

@Joe Villeneuve <-- his world...we're all just living in it! 

Post: A couple deals under my belt, but at a stand-still and need a coach/advisor.

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

Joeeeeee issss baccckkkkkkkk :)

Post: Newbie & long distance

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

Congrats! How quickly are you able to save for a down payment? I only ask because every 10K gets you more and more borrowing power! I'm going to ASSUME you get to $80,000 for a down payment. THEN let's buy a 3 or 4 family for $400,000. We buy this property. WE RENT, REFINANCE, AND REPEAT!

Post: Re-financing separate properties as a group in a single loan

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

It depends on what your interest rates are. I don't think you're going to like the rates for a portfolio loan right now.

Post: Let's say you have $80K in your savings account...

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

Hi Jennifer! Congrats. I would buy a 4 plex for ~500K. Rent it out. Cash flow. Rinse and Repeat using the equity in the home.

Post: Experienced investors looking to scale

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

Fair points! So you're forbidden to do any deals on your own?

Post: Security Camera recommendations

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

Careful. It might do more harm/headache than good

Post: Security Camera recommendations

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

What do you want cameras for?

Post: Experienced investors looking to scale

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,137

If you buy a 5 family alone, it's the same as buying a 20 family with 3 other partners.