All Forum Posts by: Matthew Stanizzi

So better to not do a background check and have a murderer waltz into the property?  That makes no sense at all.  Time to find a company that doesn’t have its cranium stuck in its excretory orifice.  

I know my PM is listed as an additional insured on my buildings policy.  

Welcome.  The live in rehab/house hack with a 3-4 unit is the way to go.  If you have some equity in the duplex I’d sell and take the profit for the down payment and rehab on the larger unit. if you can afford to keep the duplex and it cash flows as a rental you may want to hold it.  Depends on your goals.

FHA and 203 K are less than 5 AND owner occupied.

That’s such a broad question you may not get a great answer.  I leaned towards smaller commercial multi family property.  

You need to have some sort of goal then figure what works best to get you there. 

@Ben Reeder. Nothing wrong with starting larger. But FHA or 203k loans won't be an option for commercial property. If it's 5+ units it's commercial.

Welcome.  I’m in the Nashua area.

Look to some local REI groups to network.

If you're going to house hack I would consider trying a three or four unit property. The numbers seem to work better the more units you have under one roof. You can also try to do an FHA and 203k loan if your plan is to owner occupy for a few years and also BRRR. It's a good way to start and I would attempt the same if I had to do it over again.

Using hard money to either fix and flip or fix and refinance is a reasonable strategy. Finding a deal that a hard money lender will want to work with you on is the hard part.

You may want to develop a relationship with some of the lenders. They’ll give you criteria that fits their lending and that will give you and area to focus on.  

If you don’t have experience find a partner to help you along the way.

Go to some of the local REI met ups. You may find lenders there that can help you.

Welcome Joe. If your soon to be wife is on board with being a land lord I would definitely look at house hacking for the next few years. Look for 3 or 4 Units that your can get into for low money down using an FHA loan. Best part is if you're the land lord your dog is most likely going to be allowed.

I’m from the area and would be happy to talk more.  

Welcome to BP.

Investors from Hollis myself. You might want to check out the REI they have in Manchester. There's also one in Nashua as well.

Best regards,

Matt

You can always ask the lender to double check but I don’t think your restricted from modifying the home after purchase.  

If you want to refi however you could have a problem.  

I wouldn't plan on a standard BRRRR in this situation. That being said the lending value of the home will change. Instead of being valued compared to comps you be valued on NOI/CaP rate for the area.