condo investment, is it something i should consider?
Tuesday, October 19
I had a buyer tell me that they didn't want to buy a multifamily for an investment, but rather buy a condo. With a condo you pay fees to take care of everything outside, have a lower insurance cost and lower taxes. All you have to do is make sure that your unit is ready to go and collect your lit...
Pushing the envelope on Rents to increase your CASH FLOW
Thursday, September 30
Many investors come to me and they are all about CASH FLOW! Cash flow is great, but it is not the be all and end all of real estate. REAL ESTATE IS ABOUT LEVERAGED APPRECIATION If you buy a great property in a great location at retail price you will win over time. You don't always win with cash f...
BRRRR Which is easier Raising rents or Improving units?
Thursday, September 30
I get questions every day from investors who want to use the BRRRR method, basically, Buy Rehab Rent and Repeat.This is great in theory, if you have the ability to do the Rehab work.What is actually easier is to raise the rents then to rehab the units.Say you buy a house that is a dump and you ge...
Buying a Multifamily in the current environment
Thursday, September 23
This is a reprint from 5.13.2019 to show that nothing has changed in worcester. So this BULL MARKET for MULTIS has been going on for at least 2.5 years. All the advice is the same. Buying a Multi in Worcester in the Current Environment 5.13.2019 Many people are saying they are having difficult...
Why off market sellers should build commissions into deals
Wednesday, September 22
As agents we always run into issues of compensation when doing off market transactions. Sellers believe they are getting the best deal when they get a certain price for their sale. Basically they want $500k for the house. It is their expectation that the buyer will pay the commissions to their ...
Dual Tax Rate is Killing Worcester
Monday, September 20
Yesterday's T&G had an open letter from Alex Guardiola to the City Council asking them to abolish the dual tax rate and I can't agree more. In the 30+ years i have spent in the city I see what it is doing to the long term prospects of businesses and their incentives. Here is the article: htt...