All Forum Posts by: Jared Smith

My biggest struggles are locating deals in the neighborhoods near where I live for my price point. (Greater Boston Area). By finding deals I mean finding and understanding how to analyze them appropriately. Currently I'm reading many books but the targets in my price point don't seem to be available.

David Dachtera thank you David this helps a lot was analyzing a deal which was good without the HOA fees but did not full understand what they included. Thanks for the help.

Hey everyone,

I am still new to BP and just had a question. I saw this property in Southy(Boston)

http://www.trulia.com/property/3238103836-404-W-2n...

and was wondering why no one has bought this property. I currently know South Boston is on the rise in home value and couldn't understand why this property hasn't sold. Any feedback would be amazing.

@Gino Barbaro

Thanks Gino for the advice I appreciate it. Looking forward to reading your book.

Hi Gino Barbaro thanks for the help on mutli families. As a newbie I think one of the few things that concerns me in multi families is whether or not I should invest in lower income neighborhoods while starting out due to capital, or should I wait for a deal in a grade A,B location. In short because capital is low for me I'm wondering is worth starting out in low income Neighborhoods that seems to have better purchase deals.

Hey Kevin welcome to the community. Nice to have you. I'm from North Jersey in Wayne. But moving to Boston.

Know*

I would say be cautious and ask an agent in the area what they think it could be rented out for. I'm usually conservative in my numbers but it seems if you rent anything less then 1300 your taking a loss. Just make sure the market will accept the 1400 price range. Also I work with my dad who is a contractor and no that not everything in renovations goes as planned. He always tells me to add 10% more of Reno budget in for stuff that hides behind walls like bad plumbing or electrical. Good luck on the house hack!

Hey everyone, I have started reading up on HOA fees, but was wondering how you incorporate them into your analysis. Do HOA fees replace your maintenance fees(not large repairs) or do you still have to incorporate these figures? Also is there other expenses that HOA fees generally cover while making an analysis?

From What I've read... Still a newbie. You should never rely on future appreciation since value on houses can decrease in bad financial times. However if you are making $150 on the property per month after all expenses you are also making cash flow. The deal seems ok with me but I'm new to the game. Hope it all turns out well.