All Forum Posts by: Carolyn Mendel
Carolyn Mendel has started 2 posts and replied 5 times.
Post: How to finance a flip?
- Hull, MA
- Posts 5
- Votes 1
BiggerPockets friends - any advice on how to finance your first flip? Would rather not put friends' or family money on the line without any track record. I have excellent credit but not more than 5% as a down payment. Are there better options than a traditional mortgage, given it should be a short-term hold? Any and all advice is appreciated! Thank you!
Post: New kid on the block from Boston, MA
- Hull, MA
- Posts 5
- Votes 1
Thank you all for the warm welcome.
Ann, appreciate the info, I will be certain to check it all out! Look forward to meeting you at a future event.
Post: New kid on the block from Boston, MA
- Hull, MA
- Posts 5
- Votes 1
Shaun just seeing your post now - thank you! I will be sure to check some of those out.
I'm also looking for recommendations on good real estate attorneys and trustworthy general contractors in the region, if you happen to have any.
Thanks again!
Post: New kid on the block from Boston, MA
- Hull, MA
- Posts 5
- Votes 1
@Justin Silverio, thanks so much for your reply! I'm not sure how familiar you are with the South Shore area, but I know there are a couple networking groups in Plymouth and Taunton - do you happen to know of any others, especially ones that might be beneficial for someone just starting out?
Post: New kid on the block from Boston, MA
- Hull, MA
- Posts 5
- Votes 1
Hello all - I have been in commercial real estate in the Boston area for 8 years, the past 7 of which I've worked for a national multifamily developer bringing large apartment communities to fruition. Since I was young I have wanted to renovate and re-sell homes (before it had a fun name like "flipping" and turned into the cool thing to do, thanks to HGTV), and at this point in my life/career I have decided to go ahead and make the jump into the investing world. A friend and I are planning to soon begin flipping houses in the Greater Boston/South Shore area; we are going to start small but at some point in the next few years I hope to make it my full-time career. Though I have an active MA real estate license and plenty of large-scale development experience, I have relatively little knowledge of how to break into, and be successful in, the single-family residential flipping realm. I would love the opportunity to network with other investors in the area and am looking forward to taking advantage of all BP has to offer!