All Forum Posts by: RJ Reynolds
RJ Reynolds has started 7 posts and replied 138 times.
Post: House Hacking: Family Plan

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Looking for a housing solution my family and I can live with and thrive from!
Daughter #1: 21 yrs old, will have a baby in July 2019 and is well employed at your typical low level, doesn't pay enough grunt job. She lives with and is dependent on me. Her boyfriend is not employed or able to provide any financial support.
Daughter #2: 19 yrs old, engaged and will also have a baby in July 2019. In college, no income and her fiancee is also unemployed and unable to provide any financial support. They both live with and are dependent on me.
Rather than buy a bigger home or even buy a multi-family that we can all share with me still paying the bills, I'm wondering if I should look into 'house hack' x 2! Buy a multi-family that cash flows properly for daughter #1 and a second one for daughter #2 (with me as the owner, maybe gift them a percentage ownership).
Just a thought.. any feedback?
Post: Six months to success

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Decades have passed since my first and tragically flawed foray into Real Estate Investment.
That and my subsequent experience as a Real Estate Agent is a foundation for a new initiative, a new result and an outstanding life.
What held me back in the past was a less than compelling “why” to overcome the myth-understandings and fear of failure mindset.
Two months ago both of my daughters who are living with and financially dependent on me became pregnant. My response was a short “what part of you aren’t ready for this did you not understand” and some tsk tsking but my real message to them was that these children will never feel unloved, unwanted or a burden. From that point forward it is all about creating a loving environment for my girls and their children. (One is engaged, the other is still dating the dad).
I have six months to create a home solution and financial foundation for me, my children and my grand children. Our current home is in no way satisfactory and I am in debt. My net worth is actually good however most is in retirement accounts.
The debt, the resulting credit rating are the stumbling blocks
That said, I am highly skilled and can make the moves necessary to change that. Too bad it took such a dramatic why to get me there!
Stay tuned to learn if this new BIG WHY truly overcomes my previous fears.
Happy New Year!
Post: Asking a Realtor why a property is sold

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: Landlord Fined $15,000 For Denying Emotional Support Animal

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: When to start looking for deals

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: Investing in properties

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: Looking to buy local property. Interested in strategy ideas

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: Im Thankful For Our BP Family!

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Post: I didn't ask if they were here legally, now what? Who pays rent?

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
Thank you for clarifying that @Charlie MacPherson. I find myself walking on egg shells at times. It comes with the territory.
Post: Seller switches to "as-is" midway through negotiations

- Realtor
- Westwood, MA
- Posts 145
- Votes 67
In Massachusetts, any time you ad provisions to a contract to purchase, even those found at inspection, results in either party being able to say NO.
When my clients request repairs I always make certain they understand that doing so opens up the previously signed contract and releases both parties from the obligation to move forward.
There are all sorts of details about 'habitable' rules etc that someone else can respond to as I'm not an expert on that point. Your lender will certainly not give you a standard loan on something that isn't habitable however there are other loans that allow you to repair first, then mortgage and occupy.
Rj