All Forum Posts by: Jessica Costa

@Kevin S. thank you - I knew the rates were off that's why my mind wandered to different financing options.

@Wayne Brooks thank you, I agree.

@Oren K. thank you so much for all the information, that is more than I could've hoped for. I appreciate your comments, there were a few things that I wouldn't have picked up on, it's always good to run things by some fresh eyes. Much appreciated! 

I was given the below rent roll / pnl spreadsheet from a broker who has an investor who is looking to sell two multifamily properties. 

I am a little confused by the proposed financing section - are they proposing seller financing? It lists the line of credit, are they referring to a heloc on the property? And if so, how does that work in this situation? 

Any insight would be great, thank you! 

@Courtney Fitch Zac is still in business I have his contact info if you'd like it, we did a walk through at a property last week.

Thanks @Tracey Hamilton for the thorough explanation of your experience with Hubzu! My husband and I have our eyes on a Hubzu property and are doing as much research ahead of time as possible. I agree with @Carl Richter taking a picture of the contingencies selected is a good idea to protect you.

I am interested in this strategy as well - the comfort of having a parent co-sign, the student gets the freedom of living with friends and typically paying less than a dorm costs... My husband and I are focusing in on nearby college neighborhoods. I am interested to hear others opinions or experiences. I met with a property manager that manages these types of homes and he said typically one student will find the apartment and then gather the rest of their friends to move in so it makes finding tenants less difficult if you have one on the hook. 

@Aaron Araujo I just came across Finance of America and am considering using them -I am also based in MA. Do you mind sharing the other short term lenders you are using instead? 

Thanks! 

Hi Joe,

I own a multi-family in Leominster and a single family in Fitchburg. I can tell you that there is a high demand for rental properties in the area. We've owned the property for almost 4 years now and they have never been vacant for more than 1 week at a time as we transition to new renters. I agree some areas are not great but since there is such a high demand for rentals you can be selective in choosing your renters. We have had little turnover but the new renters we have found have all been truly great. Let me know if I can help in any way! Best of luck.

Jessica

@Ayodeji Kuponiyi @Shaun Reilly @Paul Timmins @Tory Kelliher @Jack Butala @Maxwell Lewis Thank you all for the warm welcome! I am looking forward to educating myself and utilizing all of the wonderful resources the BP community has to offer! 

Hi All,

Just joined BP from Westminster, Massachusetts! I am newish to real estate, I own three properties but looking to increase my empire! ;-)

I work full time as a Marketing Manager for a tech company but have always had a keen interest in real estate – multi-families, flips, vacation rentals, etc.

I look forward to reading, learning, networking and growing my real estate knowledge through the BP community!