Like a bad dye job the truth is in the roots
Thursday, August 25
It is the BONES/ROOTS of the house that matter There are so many people out there looking for an INSTAGRAM ready house/apartment. Do not be fooled. The proof is in the roots/bones of the house. If you don't have a good foundation you are in trouble. Keep these prices in mind when evaluating a hou...
The Cleanest Dirty Shirt in the Laundry
Thursday, August 25
You can probably remember a time in your life when you didn't have any clean clothes. You went into the laundry in search of the cleanest dirty shirt. Buying a Multifamily in Worcester is basically like this. There are so many old houses with flaws. If you spend your time trying to find the per...
Should Worcester Ban Fossil Fuels in houses?
Friday, August 19
Great article from Henry Schwan in the T&G https://drive.google.com/file/... WorcesterMulti gets quoted so make sure you read through. We would love to get as much investment into Worcester and a BAN will limit that. Anytime you take options away from investors, some of them will do something...
Who can afford to live in Worcester? Can your tenants?
Friday, August 19
Great article in the T&G https://drive.google.com/file/...Some highlights Fair market rent for a 2 BR in Worcester is $1491/month so at 30% spent on rent you need to earn $29/hour or $60k a year to afford that. 37% of people in Worcester Rent Median hourly wage for renters is $17.17/hr so th...
Investors are buying up the Worcester Condo Market
Monday, August 08
Most of the market in Worcester is moderating but the condo market has a mind of its own. I have been working with Condo investors who were simply looking to park money and try to get some appreciation We offered full price with no inspections on 6 condos to get 1. There are very few condos in Wo...
FLOOD INSURANCE and FEMA
Monday, July 25
FEMA is rewriting the flood maps. They are trying to make them more accurate. This will translate into higher rates for a lot of people. For those getting a loan on their property, they will typically be required to maintain this insurance. For those without loans, they are able to go without, o...