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All Forum Posts by: Chad Duval

Chad Duval has started 9 posts and replied 94 times.

Post: Choosing between markets in MA, SC, and TX

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

I think you missed the boat in Dallas. If it was me, I'd look in SC.

Post: Q-Tips Everywhere!

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Ok, so I've never seen this before, but every time I show up to one of properties, I see Q-tips all of the yard/driveway. It's the most bizarre thing! Has anyone seen this craziness before???

Post: Best App For Tasks and Reminders

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Hi Sean, I'm very interested in finding out the same thing! I currently use Buildium for my real estate "tasks", but to blend that with my personal reminders, seems near impossible. 

Post: Hello from Massachusetts!

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Hi Joe, welcome to BP! Fellow MA investor here...

Post: Should I sell my house and buy a duplex?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Anything up to four units, with yourself occupying one of the units, is considered owner occupied in the banks eyes and can qualify for as little as 3.5% through FHA. You shouldn't have to go the conventional route if you don't want to. As Edward has stated, you have to have much more skin in the game if you go with conventional...

Originally posted by @Eric La Pratt:

@Justin Tahilramani

 I totally get that - I'm not trying to put off taking a look at the mold. I was just there 2 weeks ago and the house is not consumed by mold. In fact, it's beautiful (beside their shower walls). The rental is an upscale 2-flat. I'm more wondering how to handle them not signing the disclosure. They've held onto the lease for 2 weeks now and it's just a week away from beginning. I am the antsy type when it comes to re-signing and because of it (knock on mold free wood), we have a 0% vacancy rate.

Pictures seems like a logical and fair request. I would definitely give them a time limit to provide pictures and sign the form though... 

Post: Should I sell my house and buy a duplex?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Steve Combs:

The biggest question is about your quality of life. Would you be happy living in one half of the duplex or in an apartment? While you would have cash flow from the rental(s), if you would have regret giving up your home, it is not a good idea. No amount of money would be worth your happiness. 

If you are fine with living in the duplex, move into one side for a year while you plan you next investment.

I'm sort of parroting Steve's comments, but I would think long and hard about sharing a property with your tenants. I think it's a great way to kickstart your investing career, but speaking from experience, it can be very stressful and uncomfortable to come home and see them every day. After going through it myself, I'd probably never do it again. The income isn't worth the stress and anxiety after your first hack. I have a greater respect for for peace of mind as a result of my experience.

Post: With what you know now and forced to start over, what would you do with $30,000?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Find a good deal with seller financing... One that they're willing to carry 10%, you put down the $30k and then get the bank to cover 70%. 

Post: Hello, I'm new!

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21
Originally posted by @Alice Huynh:

Quick introduction, I am a Real Estate salesperson in Southern CA looking to connect with people I can learn from, give advice to and partner with.   =) 

Hi Alice, welcome to Biggerpockets!

Post: Frustrated in Houston

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Starting a real estate company after being laid off, with no experience or money seems a little crazy to me... If I could give advice, it would be to try house hacking after finding full time employment. I know that's how I started and I learned a TON about the business. It's also a relatively low risk option.