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All Forum Posts by: Shane Burlingame

Shane Burlingame has started 11 posts and replied 27 times.

Post: What is your biggest challenge right now?

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12

Good question. My biggest hang up is developing the big picture and creating small actionable steps that work towards that vision. I have an idea of where I want to go. It can become overwhelming to have a clear plan, when so many options are available on how to navigate REI. I've started to work more seriously on developing myself and my team to assist my goals. I hope to bring them value in return!

Post: Long Time Listener, First Time Contributor!

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12
Quote from @Julio Gonzalez:

welcome to BiggerPockets, Shane!


 Thank you, Julio!

Post: Long Time Listener, First Time Contributor!

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12
Quote from @Nicholas Coulter:

Congrats on the first deal! Is this next one going to be another househack?

The current plan is to remain where we are and use the equity from this property to invest in another one. 

Post: Long Time Listener, First Time Contributor!

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12

Hello BP community,

I have been listening to the podcast for a few years and read numerous books recommended by the hosts and various guests. Because of this page, I was able to find the confidence to close on my first househack with my fiance over a year ago. We used FHA, and had the help and support of our families to get this deal done Now, I am hungry for more investment property; specifically a BRRRR deal. It is my goal to add to my portfolio before year's end. I am a licensed general contractor based out of southern central MA. I am avidly looking to connect with investors, agents, private lenders, and like-minded individuals that seek to grow wealth with real estate. I put a high value on people's time and my relationships with them. I always think of how I can help someone else before reaching for help myself. If you think like this, we could benefit one another immensely! Reach out, you never know what we can build.

Post: When and How to Analyze Non Conventional Deals

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12

Okay, that is helpful information. I will be able to give ballpark numbers to a broker. Thank you, Sean!

Post: When and How to Analyze Non Conventional Deals

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12

Hello, 

I have been analyzing BRRRR properties, and I consistently use the same conventional financing criteria when running my analysis. The problem with my approach, is that when I go forward to make an offer, it is unlikely I will get approved for conventional financing because I am self-employed and looking for distressed properties. I want to have accurate analysis, but am unsure of the terms I would qualify for using hard or private money. Bringing a deal to a hard money or private investor, I need to know my numbers cold.

My questions are, is there some pre-approval process for this kind of funding, where I can know the terms of a potential deal, so that I can use that to accurately assess properties? At what point do I go looking for funding, with deal in hand or before making offers? 

I appreciate the help in advance.

Post: Do The Impossible Jason Drees

Shane BurlingamePosted
  • Contractor
  • Massachusetts
  • Posts 28
  • Votes 12

Hello BP community. I just finished Jason Drees’ book, Do The Impossible. 

If you have read the book, what are some key takeaways you’ve gotten from it?

If you haven’t read it, I recommend doing so and keeping an open mind.