All Forum Posts by: Zachary Gray

Hi all I’m an investor in the Worcester area, own 300+ apartments. I receive a multitude of off market leads that I’m trying to sell. If you’re looking for off market properties DM me and let’s connect 

Wondering what markets people are interested in buying in right now? I have a constant flow of opportunities in the Worcester County/ Middlesex area and am interested to hear where people are looking to invest. If you are looking to buy in these areas please feel free to connect with me to discuss further

Would you consider coming to the Worcester two meet up this Wednesday 630-930pm at the cove apartment complex?

Thank you so much! Always happy to help. Pumped that you’re starting to attend these local meet ups.

id love to connect sometime over coffee if you’re around

Dm me on Instagram @1099mindaet

most insurance carriers are middle men who broker a connection to a construction policy carrier and add 10% on top for themselves. the key is to find an insurance broker that the construction policy company pays to derive business for them so you get your policy at cost and will help shop with multiple providers to get you the most competitive terms 

I think the value would be to identify your strengths

operating, underwriting, administrative, analytics, etc

then search for areas where you may be weaker such as deal finders, people with access to capital and opt to partner. I think its easiest to connect with these people at meetups. 

Another avenue that may be enticing would be pursuit of short term rental. short term rental can often be acquired at 5% down. Short term rental depreciation can be accelerated via a cost segregation and utilized to offset your taxes from your w2. By reducing your tax burden of your W2 while also reaping the benefit of the short term rental cash flow, you may be able to free up more capital to scale more quickly. Im not personally a short term rental Investor but these are some of the benefits that may support your pursuit of scaling more rapidly 

Id say the first step is to confirm with the city if the zoning allows for you to make this a separate unit. if it does great.

if not there is another idea. Lease out the basement and the first floor unit on one master lease. This will allow for you to pursue legal action "eviction" if ever needed for non payment or negligence as a tenant. if you rent out the basement separately but it is not a legal unit, the court will not allow you to pursue an eviction. You can outfit as a full unit and still have two separate tenants per say but a master lease would provide the most protection to you 

when fielding applicants use MA housing court data base to run applicants through to see if they have any prior housing court claims

House Hack

Attend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakers

Networking app like blinq to compile all of your contacts for REI in one area with phone and email

begin conversations with local credit unions exploring what type of loan products they offer

Hi All,

When sourcing larger commercial deals, who are the brokers that you connect with most prominently and what markets do they operate in?