All Forum Posts by: Kyle Marsh

Thank you everyone for the input!

Hello,

I recently graduated college and I am interested in investing in a multifamily property. All properties in the markets I am looking at are very expensive, and I am considering house-hacking a property with a friend and living in it together. He has been one of my best friends for a long time and I have no doubt we will both carry our fair share of the weight of the work. Has anyone done this before? If so, is there anything you wish you were told ahead of time? Are there any implications when financing your second property? Any input is highly appreciated. Thank you!

Hi everyone, I'd like to share a project that I have been working on throughout the semester. Throughout my experience in real estate clubs, classes, and internships, one task that I've had to do is underwrite investment deals on Excel. After taking two classes in Python and VBA this semester, I wanted to figure out how I could utilize these languages to make this process more efficient. Ultimately, my project automates the process by web scraping market information, and turns what could have been a 5 hour process into a 5 minute process. Please feel free to reach out to me if you have any questions!

https://www.youtube.com/watch?...

Hello,

Does anyone have any experience with investing in the "rougher" areas of town? I'm interested in a few properties that aren't exactly in the nicest areas and have higher crime rates than usual. Is it worth taking the risk in rougher areas for better cash flow and cheaper properties? I'm from Massachusetts and I'm looking at New Bedford and Fall River if anyone is familiar with those areas. If anyone has any experience with properties in tougher areas I'd be interested in any advice or insight you have. Thank you!

Hello,

I am interested in a four-family property, but all the tenants are currently paying under market rent. It would still cash flow enough to stay afloat with the financing that I am using, but they are paying roughly 80% of what they should be paying. Has anyone ever bought a property with existing tenants who paid under market rent? If they are tenants at will, how would you deal with this situation? Is it worth the trouble to raise their rent, or potentially pay cash for keys for a replacement tenant who will pay market rent? I'd appreciate any input, thank you.

Hello,

Does anyone have any creative ways to finance home improvements? I am currently planning on using an FHA loan, and would like to find a way to finance repair costs without turning it into an FHA 203k loan. Ideally, I'd like to pay it off over a longer-term. If anyone has used any creative strategies to finance 30k-50k, I'd appreciate any input. Thanks!

Hello,

Does anyone have any recommendations for a good real estate attorney in MA? I'm looking for someone who preferably has experience in the field, invests themselves and knows a lot about insurance, LLC's and asset protection. If you have any recommendations, I'd appreciate it. Thank you!

Should the 3rd unit on a stacked triplex be lower than the second unit and so on? If every unit is the exact same size and layout my original assumption is that each unit should be rented out relatively the same. However, I talked to a realtor today who told me there was no way I could rent out the third unit for the same price as the first or second because you need to climb up two stories of stairs to get there. Any thoughts on this? Thanks

Hello,

Does anyone own any rental properties in Fall River MA? If so, would you recommend investing there? I've been looking at a few different areas south of Boston that are relatively cheaper like Brockton,Taunton, and Fall River. Out of those three, Fall River seems to be the cheapest area and the price/rent ratios aren't too bad. I'm just curious what parts are good/bad, do you get troublesome tenants more often, etc. If anyone has any experience investing in Fall River, I'd appreciate any insight. Thank you!

Good points, my original assumption is that just by placing this house on the MLS will do 90% of the marketing needed. It's a fantastic move-in-ready single-family located twenty minutes south of Boston. In this market, I couldn't imagine that a properly marketed open house wouldn't generate the buyer needed. But once again, this is my inexperience speaking. But that's also a good point about the marketing expenses, we should account for that.