All Forum Posts by: Scott Savard

@Mark Stark OK great lets talk and see if there is a fit. I will PM you now. 

@Joel Calkins you should be careful with this as installing fake cameras can create a false sense of security for tenants. The argument to some is that they assume that someone is watching out for them (via the cameras) and they partake in certain activities knowing/thinking this. If something actual does end up happening and they find out that the cameras are fake and that they were provided a false sense of security, the landlord can he held liable. I'm sure this changes from region to region but just something to be aware of. 

@Mark Stark the project would consist of installing a Fiber Optic Infrastructure between all of the buildings.3-5 years on the loan. 

Is this something that you have experience in?

@Amelia Gold I'm very curious as to the town that stuck out among the rest. Do you mind sharing?

Darryl - First and foremost, thank you for your service. Worcester and Providence both have a lot of Multi Family units that become available. Both areas are very similar in the fact that there is opportunity to buy cheaper multi family units with the hope that the areas will improve and the properties will appreciate. Both also have some very nice areas but also some not so very nice areas so I'd say to just do your research and find an area that you think will have a better chance of appreciating than others. 

Personally I am looking more east in MA but it's a bit tougher to find the deals. On market deals go quick so it's more of an off market search. 

I hope this helps.

Good Luck

Hi All - I apologize in advance if this is not the correct place to post this thread and I am happy to move or delete if necessary. That said, I am currently working with a Home Owners Association on an infrastructure project (approx $750K) that they are looking to complete but are in need of creative financing as the home owners association does not want to pay the project in a lump sum. They would rather break it into smaller increments even should they have to incur interest on the project. 

Does anyone from the BP community have experience in dealing with something like this? Is bank financing the best bet or is this a scenario where I should point them to a Hard Money Lender? Other ideas are welcome.

Thanks!  

@Jake B. I'm not too familiar with the Clinton market but have you thought of other towns in the region that may be more in the path of appreciation? Shrewsbury, Marlborough and a few of the other boroughs in the area are hot at the moment. You'll have more luck finding cheaper properties in the Clinton area I'm sure but if you're looking to invest, you may find better ROI in a few of the surrounding towns that are closer to more businesses and whatnot.

Hi BP Community, 

I recently had an investor approach me about getting involved in a land purchase deal on which he was looking to build a miniature golf course. I'm curious as to whether or not any BP members have experience with miniature golf courses and if so, if they can provide some insights into the profitability of the business as well as the operations side of the business. 

Thanks!

@Jose Brandao glad you're making some headway sir. Hopefully your project hasn't been effected by the construction shutdown in Boston!