All Forum Posts by: David Marshall

Hi @Bryan Clement

It is great that your working towards your next move. If you are considering a house hack with an FHA loan, then I know of a down payment assistance grant. Feel free to PM me if you're interested in learning more.

Hi Charlie,

Great questions...

1. Shop around for the brokerage that provides you with the best terms. The size of the company is not as important as what you will take home at the end of the day. I started off with Keller Williams Realty (one of the largest in Maine) and then switched to EXP Realty (on the smaller side) as I found the terms to be better at EXP Realty with similar levels of support.

2. It seems that the closer you are to Portland, the less being from away matters. There are people from all over the world that live in Greater Portland as well as people who were born in Maine. 

3. The vast amount of activity is in Greater Portland. 

[Solicitation Removed By Moderators]

See you on the 14th!

Jon Knowlton is will Allstate. He is not with State Farm. Different company. He provided the best quotes for a few of my clients and is worth talking with.

@Mike Morey Give Jonathan Knowlton a call at Allstate. He is based on Lewiston and has helped out some of the multi-unit buyers I work with.

@Edward Gonnella, Welcome to BP! Sounds like you're taking some good educational steps. Feel free to PM me if you'd like to chat about real estate in Maine. Best wishes to you in your real estate pursuits.

Hi Garett, it sounds like you are turning the property into a good investment. Give the BP rental property calculator a try. It'll give you a more thorough review. Congrats on your first purchase!

Hi Michael,

Welcome to BP! Sounds like you have some very achievable goals. Feel free to contact me about Maine. I've lived here my whole life and I am familiar with most parts of Maine.

Hi Elisha,

Great questions that you have. You should consult an attorney and have a short-term lease agreement for the guest. 

This is not legal advice and I am not an attorney. 

It is my understanding that tenancy in Maine is 30 days or more so we limit short-term rentals to 25 days or less and require a lease be signed for anything 30 days or more.

Last winter we had tenants for 5 months in one of our rental units. We signed a 5 month lease with them. When the lease expired, then moved out and we started renting short-term again.

It is great to combine long-term stays with short-term stays. Analyze your rental history and determine what months you will make the most through short-term rentals. For the months that you can get more through long-term rentals, require longer stays. By doing this you will maximize your income.

Feel free to PM me if you would like to discuss this further.

Welcome to BiggerPockets @Cheverson Juntura!