All Forum Posts by: Timothy White

It sounds like you had answered your question n the details of our post. The smaller brokerage with more direct and intimate connection is something that I would prefer as a new agent. That is a very personal decision.

 We are in a relationship business. Having one with your office and a highly respected  broker is fundamental to success.

Hope it helps and congratulations on both being an investor and now an agent in this wonderful profession.

@Eugene Lavatman I use direct bank transfers. No cost for tenants or my company

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Somerville.

Purchase price: $153,000
Cash invested: $400,000

Traditional working class mult family carry original charm in the thriving city of Somerville. Updated kitchens baths, floors ,paint and new porches with added 3rd bedroom on second floor.

What made you interested in investing in this type of deal?

The city and, as usual you make your profit with the deal

How did you find this deal and how did you negotiate it?

Called to find the right place and deal situation

How did you finance this deal?

Traditional financing

How did you add value to the deal?

Reasonable upgrades without down to stud renovations

What was the outcome?

Excellent
It’s a positive cash flower with very high equity

Lessons learned? Challenges?

Start. Get educated and simply start

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not that agent. I am now licensed to support my and any other clients with there property needs.

Hey there

Can our members recommend a realestate focusd CPA i can look to work with?

thanks in advance for the direction

@Michael Loza

They may limit how much you can take

However You can currently withdraw without penalty if you have been affected by the coronavirus

Or

Convert it to a self directed Roth to invest in realestate

Speak with a pro in this area for you state to do this correctly

Congrats on investing in your self with this purchase.

@Ola Dantis

Simple ,to the point and the real end game right there

@Nathan G. Sugar is the first ingredient i use . Look to understand , empathize and negotiate there out Before you open the wallet or drop the legal hammers