All Forum Posts by: Indra H.
Indra H. has started 27 posts and replied 96 times.
Post: Real Estate Meet Up - Springfield, MA
- Investor
- springfield, MA
- Posts 98
- Votes 16
Hello,
PM me to talk about RE meet up
Post: Monster 3 unit BRRRR complete!
- Investor
- springfield, MA
- Posts 98
- Votes 16
@S L Martinez who are financing with that offers 100% of purchase and construction? Thank you
Post: would you BRRR (1-2 fam) or buy a 13 fam.
- Investor
- springfield, MA
- Posts 98
- Votes 16
@Daniel Kong thank you, yeah the team situation is uncomfortable. I flipped successfully last year, but got some contractor asking for a husband to give me pricing 😱
Post: would you BRRR (1-2 fam) or buy a 13 fam.
- Investor
- springfield, MA
- Posts 98
- Votes 16
Thank you Anthony, it makes sense
Post: would you BRRR (1-2 fam) or buy a 13 fam.
- Investor
- springfield, MA
- Posts 98
- Votes 16
Hello folks,
I have a downpayment for a 13 family property that is cash flowing (there are other similar properties in my area that are possible candidates too) but I'm also asking myself if BRRR would be better option to acquire several 1-2 fam instead; using the BRRR strategy. I could buy the multifamily but I would use all my saving on the one property. I was also thinking that maybe I could get a 1 or 2 family for cash using the BRRR and then continue buying using the same money and strategy.I am already a landlord all 1 to 2fam, don't own commercial properties yet, I do have a job and good credit. Any ideas? Thank you
Post: Search Fatigue with Fiancee
- Investor
- springfield, MA
- Posts 98
- Votes 16
Originally posted by @Raymond Hill:
Hello BP members,
My fiancee and I are noticing a sense of frustration settling in searching for a multi families on and off market in the RI area. Its been a few months and nothing has stuck. I keep the consistency alive calling and mailing properties but nothing has been decent good enough to purchase. We are thinking of looking in another city such as Springfield, MA we are not sure of the market over there and wanted to know what other investors in the area think and feel about the current market. I notice the prices being substantially lower than I expected. However, price alone is not the best way to dictate where your are going to invest.
Any advice?
Ray
Post: Potential Deal Analysis, Seeking Insight 01013
- Investor
- springfield, MA
- Posts 98
- Votes 16
Im in the chicopee and springfield market, rents are not reslistic, especially in a building, having said that the cash flow youre calculating is considerably lower. PM with any other questions
Post: Any ideas on creative financing
- Investor
- springfield, MA
- Posts 98
- Votes 16
Gautam, no, i dont get what you mean. Initial price 360k, i give 144k down. Balance owed in two years 216k plus 17,280k. So balloom payment is 233,280. He is yet to receive any offers on a market where houses are flying off the shelf.
Post: Any ideas on creative financing
- Investor
- springfield, MA
- Posts 98
- Votes 16
@Gautam Venkatesan
Post: Any ideas on creative financing
- Investor
- springfield, MA
- Posts 98
- Votes 16
Thank you Timothy, I just ran the numbers as you suggested, I'd save around $2,500. Thank you so much for your input.