All Forum Posts by: Hunter Thompson
Hunter Thompson has started 3 posts and replied 5 times.
Post: Any experianced current investors in the area
- South Portland, ME
- Posts 6
- Votes 3
Hello everyone,
I'm relatively new, but was wondering if there were any experienced investors in the Portland/ South Portland/Saco/Biddeford area willing to chat about their experiences. I'm looking to get my foot in the door, but wanted a little bit more insight.
Thanks in advance!
Post: Hello from Portland Maine!
- South Portland, ME
- Posts 6
- Votes 3
Originally posted by @Wilma E.:
Hey Hunter,
Welcome to Bigger Pockets! I am a real estate agent who recently started at Remax Horizon in South Portland across from the Post Office. There is a meetup on the third Wednesday of every month sponsored by the Southern Maine Real Estate Investors Association. The meeting is held at the office of Darling Properties LLC, 582 US Route 1 in Scarborough. Hope this helps.
Can anyone attend Wilma? I will definitely try and attend one of these meetings if its possible :)
Post: Hello from Portland Maine!
- South Portland, ME
- Posts 6
- Votes 3
Thank you all for the welcome. Sorry it took a while to respond. Life got a little busy. Hoping to make connections with those in the area, and learn as much as I can from the people on this forum. Thank you Brett for those two links and thank you Ed for that advice. Foreclosures sound like a good place to look
Post: New, looking for advice on analyzing.
- South Portland, ME
- Posts 6
- Votes 3
I found a property in the Portland Me area that is about $200,000. This is about $70,000 under other houses in the area. The house already has two people renting for about $1920 a month, but the owner has some weird setup. He pays 1/2 the heat and water and sewage for the upstairs tenet, and heat sewer and water for the downstairs tenet. No electricity included for either. What makes me worried is the roof is about 20 years old and there is a a noted crack in the foundation. I'm assuming on average a cracked foundation might cost me about $6,000 and a new roof at some point about $5-6,000. This all said, the return still seems decent. I am very concerned though with a cracked foundation. Can anyone here with previous experience lend me some advice? It seems like tainted fruit. :)
Post: Hello from Portland Maine!
- South Portland, ME
- Posts 6
- Votes 3
Hello everyone, my name is Hunter. I'm quite new to the idea of real estate investing, but want to learn as much as possible. I'm interested in the idea of house hacking, and purchasing multi and single family homes (hopefully working my way up to grander acquisitions) . Not sure if anyone else is in the area, but if you are and frequent the forums I'd love to talk with you. This area (south portland) feels like an expensive place to get started. Any tips, trick, or advice is welcome.