All Forum Posts by: Dieggo Goncalves

Originally posted by @Robert Leonard:

@Dieggo Goncalves I will be there. If you see me, stop by and say hi. I'd be happy to meet you.

Originally posted by @Tim Trumble:

@Hassan Muhammad did you ever get the information you were looking for? Unfortunately, your post just came to my attention.  We will indeed finance up to a four-unit property.

Tim Trumble

Online Operations, NACA

The one in Nashua tomorrow night is the best one so far. No sales pitch, just simple networking. 
Hope to see you there.

Dieggo Goncalves

Originally posted by @Robert Leonard:

@Richard Lovering Likewise! Safe travels and happy holidays!

Originally posted by @Noa Guttman:

Thank you Dieggo! 
Will definitely look into this tool....

And no, I think Atlanta is going to embrace the all Airbnb thing... They are talking about taking the law up to state and off of the local cities. Anyway, there are lots of cities that currently still has no regulations in the matter, and city of Atlanta doesn't really do anything (as far as I've heard) since there are ao many Airbnb's...

Originally posted by @Nick Aalerud:

If in MA - I agree, Central MA (Gardner, Leominster, Worcester) still work and are seeing some growth.  

One very crude way to look at a market, is to ask yourself the question,

"How much per unit does it cost me, for $1000 in gross rents?"

I.E.:  Lowell:  Approx $120K per unit = 1200 rent = $100K for $1K

Gardner:  Approx $30K per unit = $600 Rent = $50K for $1K

Not the best tool, since it does nothing to measure stability in the marketplace (as @Courtney Fitch suggests above, Gardner is in less demand and takes longer to fill than Lowell, Lowell takes longer than Somerville, etc), but a good crude way to determine how far cash can get you in a % return standpoint.

Personally - I have MA rentals, but I invest OUTSIDE of MA every chance I get!  We have an excellent tenant retention rate (due to over communicating with our residents and treating them like family) but when there IS an eviction or security deposit issue, MA = the WORST state ever.  My 2 cents!

Thanks in advance.

Originally posted by @Charlie MacPherson:

@Jason Bilbrey  If I'm representing a seller and a buyer has more than the standard inspection and financing contingencies, I will advise the seller not to accept the offer - unless of course, yours is the only one on the table and we've had a hard time selling it.

As others pointed out, the more contingencies you have, the weaker your offer is.

I was planning on doing STR in Atlanta last year, but regulation kinda scared me away. Would you say it got worse?

Thank you.
Dieggo Goncalves


Originally posted by @Noa Guttman:

Hello!

Does anyone have experience with operating an Airbnb around Metro Atlanta?

Would love to get some first hand knowledge about regulations, areas, real ROI's, property management recommendations, and anything you think will profile me to know.

I would like to start recommending this to my investors and needed to do that after I am an expert myself.

Thank you!!

Noa Guttman, Realtor®

Originally posted by @Caleb Schlomach:
I live in Texas right now, I did some time over drugs and read a ton while I was gone. I read two of Brandon Turner's books and several others about real estate investing which is how I found out about Bigger Pockets. I have a goal to acquire 4 units within the next 18 months and get my license in about 5 years. After that 5 years all my convictions will be over 7 years old. I'm sure there will always be some resistance because of this but as long as there is nothing set in stone that's restricting me from this I can over come. Any thoughts?

Originally posted by @Jay Helms:

Hey @Tucker McCarthy & @Dieggo Goncalves - how often is the mastermind held, what’s the entry fee and requirements? 

Originally posted by @Tucker McCarthy:

I regretfully ended up going with an FHA loan rather than a HomePath or conventional low money down loan with PMI. I think the only advantage in using FHA is that you can potentially get a slightly lower interest rate and can more easily qualify with lower credit scores. I would highly suggest going for conventional if you can, the lending criteria is less stringent and you can remove the PMI when you hit 20% equity.