Live Boston deal analysis

[Dave Lin]

https://www.ziprealty.com/property/320-COMMONWEALTH-AVE-_UNIT_42-BOSTON-MA-02115/36227507/detail?referredByAgent=larjones Its prob insane to invest in anything over $1000/sq ft but this is a deal I am kinda interested in pulling trigger...   my goal is to park some cash (principal protection) where I can cash flow ~5-6 cap.  So key attributes are: 1) A+ location; 2) easy to rent out to A+ renter.   At the same time, if I need liquidity the banks will have no problem HELOC me at least 80% of equity (assuming banks care abt the quality of the collateral).   Yeah the building is over 125 years old..... but there are updates done recently and doesn't look like there will be majority updates needed in the next 6-7 years.   I'm relatively new to REI so I really hope all you experts can lend me some advices looking at this .... dont' want my first REI endeavor to be a completely disaster....   Thanks!   nEWbIE

[Corey Melkonian]

I agree with Todd and would pass on this deal. There are many other investment opportunities out there where the numbers make sense. I wish you well Dave.