All Forum Posts by: Sean T.

@Ty Whitman  Yes, in a word yes. 

I am seeing it constantly but not just HFs. PE is moving to RE in droves for the asset protection. many of the large SFR REITs are starting to do more of a build their own motion as well.

Buying bulk is still very difficult because they are all cash, 2-3 week closes, etc. 

I am also seeing many smaller boutique funds starting up SFR plays and then packaging and selling to HFs which might explain why some folks think they are gone from the market.

@Ty Whitman

Absolutely possible. Even major lenders like Quicken/Rocket do 20% 30yr terms.  The 25% is more about terms and rates being lower. 

Any broker should be able to line up a 20% down assuming credit and income make sense.

@Olivier H. I am not an expert at all on FHA. I think you are asking, if you live in the house hack for a year, would you be eligible to buy another "live in" house hack and get an FHA loan again. I think the answer is yes but you can only have one FHA loan at a time which means you may need to refi out of the original.

If anyone can add color please do as I may be incorrect on the logistics here.

@Olivier H. Hey, I personally would just rent the units as regular rentals BUT this is just me.  I would research and go with your gut or comfort level.  Room rentals are really popular now days but I don't operate that way.  That said, if you do and it works, let me know!

Hey @Stacey Mollinet, I also get a TON of these, mail, postcards, etc.

I have no clue how to get it to stop but I do use it as a gauge to see what I could get if I ever needed to liquidate quickly!

Frankly, I don't know if a do not call would work since they aren't selling anything but buying!  Not sure where the line sits on those rules!

Hey @Olivier H. welcome! 

If I could do it all over again I would have house hacked with a 2-4 unit and lived in one.  It checks the box as an investment, low down payment needed, and you get to learn to be a landlord. 

I bought my first as a long term live in flip(many years ago) and then made my money when selling. I used an FHA loan with 3.5% down.

I would go FHA all day. Make sure the numbers work and the PMI is calculated but why put more money down if you don't need to on your first. Bank it for emergencies and/or your next investment.

Good luck either way!

Welcome @Faith Gracia, MA is definitely a challenging market for a number of reasons, price point being a big one.  As @Maria Bakaj said above, house hacking is a great way to get the ball rolling, build your skill set, and get a feel for this.  There are a bunch of MA investors on here and I am sure they will chime in as well.

Good luck!

@Ryan Robinson I primary invest directly in SFR in the Southeast/TOLA area. I do some partnership stuff in the Northeast but it would have to be really opportunistic, and I make some equity plays when appropriate.

Welcome and Congrats @Cameron Iarrobino

@Andrew Chapman Congrats! I am 90% sure I saw that in MLS myself! Haverhill is a great spot.