All Forum Posts by: Kyle Cabral

@Chad Fernendaz

It's about $200.00 bucks where I am to do a lead inspection (MA) depending on size of home, number of units, etc. But for a run of the mill single family, $200.00.

If you want to educate yourself, go to the inspection with the lead representative and pick his brain. You will learn all you need to learn in about an hours time.

Thanks.

Thought this would be interesting.

Assume you have $0.00 but a goal of 5 deals (for this purpose let's define a deal as getting something under contract) in the next 3 months, what is your strategy and how are you implementing it in it's most basic explanation.

@Dolores Waldron a great resource can be seen here. But if they haven't been paying, you have immediate grounds. Do they have a lease or are they tenants at will. It takes a bit of time, you're looking at a few months minimum. If I were you, I'd just pay a reasonable attorney who does this often as opposed to you going through the process yourself.

Best of luck.

@Brian P. lol. Too funny, I didn't catch the difference until you said it. This turned into a southcoast thread very quickly haha.

I'd be absolutely interested in this Ron Boling Gualter Amarelo . I was looking into the possibility of starting one up myself since there's definitely a need. Thanks for getting the conversation started here!

@Andrew Beaver haha, come on down to New Bedford and Fall River. Especially Fall River, throw a rock anywhere close your eyes and you'll be sure to hit one.

But yes, specifically this deal is in Fall River. PP was $230,000.00 we got $65,000 on a secondary note to the bank, had to come up with 4k plus closing costs. They were under market rents which allowed me to negotiate a bit stronger. Now i'm hunting for more with some partners.

I see your in Malden, I own a condo in the area. I just see an opportunity down south shore in the distant future as I'm not sure prices can sustain up there and are going to be forced down south. You're already seeing this with Amazon and I'm sure we are going to see it more. Especially if some sore of connection (T) gets down here.

Best of luck!

@Gualter Amarelo, sent you a PM, thanks for reaching out. @Ron Boling, very small world! lol Hope all is well -- talk soon.

@Marquis Harris I'm from the south shore as well (Dartmouth/NB area to be exact). Best piece of advice I can give here is don't over think it and be straight up with him. A simple question like "Would you be willing to finance all or some of the deal if I were to make an offer?". And see what his response is. 

I'm big on reduced waste -- I wouldn't go crazy on researching the property, comps, etc, if you're only play is seller financing. If he answers yes or some sort of variation of it, then move to the next step and see what number makes sense for you.

Before that question though, I think there is value in just understanding the basics of seller financing 101. You want to come across as intelligent and having their best interest. Throw some basic numbers out in terms of why it's beneficial to seller finance (added interest, better to their bottom line)

I just bought a 5 family and only brought 8k to the table as the seller financed 65k. Those opportunities are everywhere, just got to ask the right questions.

Kyle

Hi All,

I have a 4 unit under contract for $85,000.00 in New Bedford, Massachusetts. It's a 3 family with an additional single family unit on the lot. Cash flow is very strong in a block with well kept multi family homes. (3BR comp across street just sold for $240,000.00) Strategy here is to buy, renovate, rent, refi. I anyone interested in the financing/property package, please let me know. 

I am shopping around for lenders that are below HML rates.

Thanks,

Kyle

Keywords: ma, new bedford, south coast, southcoast, fall river

I have a solid property under contract in Dartmouth with 55k+ profit upside after rehab. Doing some due dilligence on different types of financing opportunities at this point, please message me if interested in me sending over property package.

keywords: massachusetts, ma, mass, lending, southcoast