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All Forum Posts by: Mekkel Blanchard

Mekkel Blanchard has started 2 posts and replied 38 times.

Post: Looking for investors

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey Shawn, awesome to hear you are jumping in to wholesaling! Let's connect so I can be added to your buyers list. Also Im hosting a real estate networking event in Taunton Ma on Monday April 8th and other investors will also be there to connect with. Getting to networking events is great to make connections/relationships.

Join me at Real Estate Connections and Conversations https://meetu.ps/e/MVLcB/FJSv3/i

Post: New Member Alert!!!

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Welcome to BP! Very smart to get your real estate license right away, because it always helps. I’ll always remember the person who introduced BP to me as well. So much to offer on BP that you can learn and get you started in investing! 

Post: HELOC Guidance Needed

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hi Hillary, I would call some of the local credit unions as well as one or two larger banks to get an idea of what everyone is offering for owner occupied HELOCs and what LTV (loan to value) each is given. I've heard lending on HElOCS has tightened up and right now lenders are only giving 80% LTV

Post: Lending Question for Consecutive House Hacking

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey! It is definitely possible - its just learning how to not take "no" as an answer. Calling multiple lenders both locally and nationally to see which lenders will work with you given the reason you are looking to move. Ive been able to house hack 3 different properties In RI and MA and I called quite a few lenders. Build relationships, and it will help!

Post: RE Rookie standing at the fork in the real estate road (still)

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey! Awesome to hear that you have already leveraged some equity in your primary residence to take action! It is definitely a tougher market to find great deals and direct to seller opportunities are hard to come by unless you are spending a lot of money on marketing to do so. Like Anthony, said attending local real estate events can be helpful - connecting with wholesalers and having opportunities for pocket listing through other agents. I search for events on eventbrite.com and meetup.com and try to attend one event a week! But having a specific criteria on what your searching for is key - once you figure out what you want to master - just be consistent and you will find a deal! 

Post: Investor in Massachussetts

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hi Enoc, welcome to the world of real estate! Bigger pockets has been tremendous help for me in my journey because they have a ton of resources! Im an agent and investor south of Boston. I love chatting real estate, if interested in connecting!

Post: HELOC On Investment Property

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey! I used TD Bank for line of credit on investment property and it was 70% LTV

Post: Starting out - looking to learn and make connections

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hi Ronan, Awesome to hear you are interested in getting started in REI. I am south of Boston and invest in MA, RI, and FL. Biggerpockets was/Is a tremendous help for me when first starting out and researching everything. Network events have also been great for me. I still today try to go to at least one a week. Get to events, make connections and absorb as much information from others by just listening! Take one educated step at a time be consistent and you'll hit goals! Meetup.com and eventbrite great places to search events.

Post: Furnished Finder mid term rentals

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey! Ive used furnished finder now for two years and it has been good. Ive only had a maximum vacancy of 2 weeks or so in between turnovers. 

Post: From Boston to Miami or Orlando

Mekkel Blanchard
Posted
  • Realtor
  • Taunton MA
  • Posts 39
  • Votes 20

Hey Peter! Im also from Boston but have invested in the fort Lauderdale area. I purchased a single family last year that I rent as a short term rental. If you need a good realtor for the Fort Lauderdale area I can share with you who I used. She is also an investor in the area!