All Forum Posts by: Justin Hammerle

The best gift for agents are referrals!!

Of course, yes if your concerned about the liability from your renters than you can add renters insurance.  If you do have some assets to protect I would recommend consulting with a CPA to determine whether or not an entity makes sense.

Nice and congrats! $1k+ of cashflow from one property is a dream.  

@Robert Anderson - Generally speaking for first time home-buyers and those with limited assets to protect; your best served using an FHA loan in your name to house hack a multi. You can purchase insurance that will give you similar liability protection if that's your main concern. You can always refi out of the loan with your name into an LLC with a conventional mortgage down the road.

@Danielle Young - I would check what is allowed under the zoning first "by right" if you have not already, you can find the uses in the by-laws if you know the exact zoning designation for your land.  Residential zoning is different from town to town and may not allow modular or mobile homes or may require a special permit for the same.  

@Yamin Htet - I cover both RI and MA; glad to assist in anyway I can.

@Christian GarciaOrtiz - congrats on your first deal and thanks for sharing! It's inspiring to see others make the move on their first investment and have it work out, whether its a homerun or a single I think the point is to just get out there and go for it.

@Chris Davidson - I agree with your point on how demand has changed given the change in technology over the years.  But I would say it would be difficult to use an exact number for a balanced market nationwide given that demand is highly localized.  For example, demand and absorption are going to be much higher in urban core areas when compared to more rural areas.  In some cities through the country there is actually global demand not just domestic. I don't see how you can say with any certainty that 6 or 4.5 months is going to define a balanced market because of this.

@Kristin Haug - you need to look into the underlying zoning to see what the min lot and frontage requirements are.  Assuming all are met, you should be able to subdivide.  I would connect with a local civil engineer who can assist you with analyzing your property to see if its possible.  They will ultimately have to draft the submission to the municipality for approval.

congrats! I'm sure that gives you some momentum to move on to your next deal!