Have we hit a peak in the Multi Family Market in Worcester? 7/19/21
Wednesday, November 03
This is a repost of an email I sent to my Clients on 7/19/2021 and additional 11/3/2021 comments at the bottom On Mon, Jul 19, 2021 at 9:07 AM Brian Allen <[email protected]> wrote: I believe Worcester has hit a high water point for CERTAIN TYPES OF MULTIFAMILYLet's look at the numbe...
Tenant Right of First Refusal on Sale of Properties is a BAD IDEA
Sunday, October 24
Massachusetts is considering allowing Tenants the Right of first refusal to purchase the properties in which they live. The proposed Bill would allow those tenants up to 6 months to purchase the home when the owner decides to sell. This article talks about how DC which had a similar program has...
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...