All Forum Posts by: Sam Horton

@Joon Park That depends on what you are looking to do. BRRRR, flip our house hack. Most of the time an FHA product will get you in a home for 3.5% if you were to try house hacking first.

Following as I am curious and dealing with a similar situation. Any HUD or FHA experts out there that would know the exceptions behind this?

@Clay Couvillon He'd want to do a 1031 exchange, basically trading your profits for a "like-kind" investment property of greater value. There are restrictions and rules that go along with a 1031 exchange. @Dave Foster is the expert in this world and could be a good resource you / your brother. 

@Ruben DeMello I actually sat next to Alex from Rockstar properties last week at the REIA event in Dedham. As far as I can gather, the company is acting as a wholesaler. His wife Liz, is a Duxbury agent with William Raveis.

This is their website:

https://www.rockstarpropertysolutions.com/

@Sebastian Roy In my experience, portfolio lenders typically look for experienced investors. Investors that already own a portfolio they can use to justify their experience. It might be tough to go that road if you are new to real estate. The other item I might add is that if you are under contract and you go to change financing on the seller... they do have a right to turn you down as you are changing the terms of the agreement essentially. 

Private and or hard money might be your solution if the seller is willing to change out the lender. 

@Patrick Hagerty Is partnering with someone out of the question? Family or friend that may have a better income and you can work out a deal to manage and live in the property. Just trying to think of alternatives to get you into the MF market sooner rather than later. 

@Patrick Hagerty There are actually two going on tonight. One in Quincy at the Fours and the other is at the Norwell fours. I've been to both and plan on attending the Norwell one this evening. I believe they both go from about 6 - 8. 

You can always go to BP > Network > Search > Events and enter your zip code to find local ones. Good luck.

@Dewayne Treanor ! I think you'll hear a lot of people mention this but networking is huge in this business. I'd suggest trying to go to some local meetups and speak with some other investors. Good luck with your goals and send me a message if you ever want to connect. 

@Bobby Dirkmaat Kind of depends on my financial situation. I am a Realtor so if sales a low then I look for flips for more capital. Flipping in Mass is tough just due to the cost of entry. My focus is long term buy and hold deals.

Welcome @Bobby Dirkmaat to BP! I'm looking to grow my portfolio in Massachusetts. I purchased my first last year, looking into some more for 2020.