All Forum Posts by: Richard Dale-Mesaros

^  Like Axel said above.......   😬

@Matt Hebert - cheers bro; let me know what areas you want to buy more property in and what types, so I can keep you in mind........

Nice work so far, Matt! Certainly makes sense asset protection-wise to put each long-term-hold property into its own LLC and use another LLC for flipping if you end up doing any of that. Interestingly it's good to consider how your choice of entity impacts the following four things:

1) Legal protection

2) Your tax position

3) Ability to get financing/do a refi

4) Insurance cost/scope

......it's almost like you need your attorney, CPA, lender and insurance dude all together at the same table when deciding what type of entity to use for what investment strategy! Food for thought. 

Let me know if you head up to the White Mountains some time, would be great to grab a coffee and compare notes!

Kudos to you for starting early, Shaun!!

Hi Brendan, what's your website? I can share this event to 400+ Keller Williams agents in NH, some of whom are investors, or have clients who invest.......

Wanna grab a coffee at Mad River Coffee Roasters??!  :)

Give me a call Tyler, I have a couple of decent connections for you in the Lebanon area, one of whom is a busy rehabber that might buy wholesale from you if you get stuff under contract etc. Six o three, seven two six, zero two two one.......  :)

Also try Tom Norris from National Insurance, I'm sure he's on BP - they specialize in investor properties!  :)

Kudos to you, Matt! I do agree with everything you said and it definitely takes tenacity and patience to overcome the initial inertia and gain some traction as an investor. 

Having done 75 buy-sell deals 2003 thru 2010 and subsequently losing my entire portfolio 2008 thru 2013, I've been clawing my way back from a position of no cash whatsoever and remain deeply entrenched in the 'turnaround' via being a painting contractor, flipping the odd house here and there, and as an agent with Keller Williams (focused mostly on higher-end mountain properties). With the last house I flipped, a partner and I borrowed private funds at 12% to acquire and rehab the house, which was a starter home somewhat out in the sticks near me. I found the deal, was paid $35/hr to oversee the rehab, sold it as the Realtor on the back end and got 50% of the profit (which equated to $11k to me on the $129k sale, plus commission). Our rehab ended up costing $5k more than anticipated, which my partner kicked in and he also made the monthly payments. This was a deal that took no money out of my pocket whatsoever, BUT I had the relationship with both the partner and the private lender from previous deals. The using-none-of-your-own-funds can be done, but again might take some determination and having the right connections, which can take some time to develop! 

Here's to a robust 2019 for all of us and get after it, Matt!  :)

Hi Forrest, I've been buying and selling in NH since 2003 and would be happy to share what I've learned (good and bad) if you want to chat sometime. BP is a great resource for both connections and education, so you're off to a good start!  :)