Worcester-Why you should buy LOW CAP RATE for your first Investment
Friday, September 10
With Mulit-Family investment I always hear all my clients looking for a 10 CAP or the 1% Rule. They think this is the HOLY GRAIL Solid Real Estate investment is based on long term growth through appreciation of a leveraged investment. Don't get me wrong, Cash flow is great. Cash flow gets you t...
Worcester Multi-family Update-- Getting Priced out? T&G article
Thursday, September 09
Is Worcester gentrifying? I believe so. But why? What are the factors contributing to this? 1. Development- Polar Park and the development in the immediate area are creating jobs 2. Momentum- Now that Worcester is on the map, people want in 3.Covid- If I only have to go to work a couple times a...
Why you should read BANKER AND TRADESMAN
Thursday, September 09
People often ask what they can do to make themselves a better real estate investor. The answer is simple, gain more knowledge. One of the best periodicals in the business is Banker and Tradesman. You can get print and online, depends on how old you are. The online version provides daily links a...
Worcester Multi Weekend Review 9.5.2021
Sunday, September 05
I did not have the chance to see as many places as last weekend but I picked up 10 between Friday and Saturday. This puts my number of multis and investment properties seen since 2018 at 1575. Friday I saw 3 off market properties. 113 Fairmont Ave, Worcester. 3 family plus a little commercial s...
Off Market Multi-Family properties in Worcester
Sunday, September 05
All, The Worcester Multifamily market is quite complex. On the surface it looks like there aren't that many multifamily properties for sale. About 2 months ago we averaged 40 Multis for sale at any one time. That number has creeped up to 67 right now. Last week we were at 73 at one point. Th...
Buying a Multi-Family property with Tenants who don't pay enough
Tuesday, August 31
Many people think buying a multifamily is easy. Keep in mind there are people involved. Working on a place yesterday in Worcester. My buyers want to buy!!! Great news for a buyers agent correct? Maybe not. The rent on the 2nd floor is too low so they can't qualify for their VA loan and migh...