All Forum Posts by: Justin Hammerle

@Denis Boyda - North shore may get more attention because of population density but I wouldn't necessarily say that the north shore is any more desirable than the south shore.  Quincy/Braintree area is fantastic; particularly as a rental market. Staying on Route 3 down to Plymouth would be a good area to focus on.

@Account Closed - have you thought about trying to syndicate this deal with some limited partners? could be another option if seller financing is off the table. At $266k a door in the Melrose area it definitely should get some attention from other investors.

1: Why is this method so difficult and unreliable now? high interest rates and inflated values throughout the country.

2: What methods of investing are you using instead of the BRRRR method?  Fix and Flip 

@Andrea Fajardo - generally speaking, the more units the better you can scale expenses including acquisition costs.

@Eric Fernwood - great post; thanks for the info!

@Sherilyn White - Welcome to BP! Carolinas/GA seems to be an area experiencing a lot of growth.  best of luck!

@James Brisson - this is a problem everywhere, especially as you get closer to Boston; I think where you are focusing your attention is really the best strategy to find deals in this environment; staying off-market and dealing with sellers who prefer to sell outright to cash buyers.  

Not sure how far you are willing to go out but Providence, RI may be worth a look. There is not as much institutional attention here, you could get lucky on MLS.

@Steve K. - each states has there own specific pre-licensing requirements:

https://www.dre.ca.gov/examine...

@Faraz Mog - as a few others already mentioned 4-units are on the rare side in Boston.  And if they do come available, they likely won't last long as they are highly in demand; that is the highest unit count you can have before going into commercial financing.

Given market pricing and rates today, it will be a challenge to find cashflowing properties assuming you are occupying a unit in a 2-4 MFH.  But not impossible.  It's much more reasonable to underwrite a property that is cashflow positive when it is fully occupied assuming you moved onto another property and held it.

@Jorge Hernandez - 

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