All Forum Posts by: Justin Hammerle
Justin Hammerle has started 1 posts and replied 390 times.
Post: South Boston markets

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@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.
Post: First potential portfolio/commercial deal questions

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@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.
Post: Question to all the Brrrr Enthusiasts!

- Realtor
- Providence, RI
- Posts 404
- Votes 262
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
Post: 2 units multi-family more profitable than a 3 units?

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@Andrea Fajardo - generally speaking, the more units the better you can scale expenses including acquisition costs.
Post: June Las Vegas Rental Market Update

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@Eric Fernwood - great post; thanks for the info!
Post: Hello from Summerville SC

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@Sherilyn White - Welcome to BP! Carolinas/GA seems to be an area experiencing a lot of growth. best of luck!
Post: Scaling portfolio in Ma Looking for advice !!!!

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@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.
Post: Can someone recommend a good real estate course to obtain my Real Estate License?

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@Steve K. - each states has there own specific pre-licensing requirements:
Post: Multifamily investment in greater Boston area

- Realtor
- Providence, RI
- Posts 404
- Votes 262
@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.
Post: Marketing using using direct mail envelopes

- Realtor
- Providence, RI
- Posts 404
- Votes 262