All Forum Posts by: Brian J Allen

I have a full service window replacement guy I have been using for 20 years.  He will come, measure, fix little things like locks and slides.  If the window glass needs replacement he will order and come back to install. if the full window needs replacement he will do that as well.  Basically cheaper then hiring your guy to go pick them up.  1 man crew can do about 10 windows a day since he only does windows if you are going to do a replacement for a full house.  PM me if you are interested, he only works with people who refer him as he has plenty of work.

@Rahul Munot all depends on the project you are looking to do, lots of good plumbers to fix things and different people if you want HVAC or want to install new.  PM me if you need people

@James K. in worcester you trigger sprinklers (typically) for the following.  There has been a prior fire, you do more than 50% rehab, you add a bedroom, you add a unit(2 to 3) or (3 to 4) and last but not least THEY JUST DECIDE TO MAKE YOU DO IT.  The other big trigger is basically if you touch the electrical with a permit to add a service, then you need to go to code with everything.  As mentioned above the prices are too high.  Sadly there are people who simply need a place to live who will out pay the people who want to make things better.  This is the double edge sword because if you fix things then the units are better and the rent goes up and no one can afford them.  If you don't fix them they are still dumps and likely unsafe (and the rents will probably go up anyway since the new owners have higher cost basis) What is happening is it is driving people from worcester to Webster/southbridge/northbridge/spencer and they are being replaced with people who have been driven from Framingham.  Just like the people from Boston got pushed to Framingham

@James K.. The market has simply dried up. Buyers think that everything will crash so they are on the sidelines. The FHA buyers want to purchase but the FHA NO FLIP RULE and the SELF SUFFICIENCY requirements make it very hard for them. The True investors don't buy flipped homes, and the 25% down buyers are just not around anymore. Keep in mind that we are flipping Multi family not SF. That market is a little different. The reason they only made $5k was they took too long and missed the market. I have another guy with rehab&Hold projects going. Same thing, taking too long. Probably should just sell them instead of trying to hold them.

@Shane Burlingame, it is so hard right now to flip in central mass,  my clients had 5 in the last 2 years, 1 we barely made $5k, and we have 2 going right now that are over budget and prices have dropped so they may just hold them.  Basically you need to be ready to go cash all the time to get a deal.  I have a couple coming up.  Let me know if you are interested and i can get you an address or 2

Give me a shout.  I do Worcester along with Webster and Northbridge, and have buddies who do Fitchburg and Southbridge.

@tarik kafel   Welcome to BP, let me know if i can be of help in the Worcester Area for off market multifamily.

@Ramin M.. i would be glad to help you find something in Worcester.  I also represent a dentist who has multiple locations and is looking for more dentists.  Please let me know if I can help.  Currently I have 5 off market 3 families, 3 off market 4 families and 2 off market 6 families that might interest you.

@Nick Noon. The numbers really don't matter in Worcester, it is the neighborhood/Location/Lot that provides long term value.  Realistically $330k is a good price but it is a great price if you are in a good neighborhood, have parking, and a flat lot with some space in the back.  Tenants are key as well.  A vacant building is worth a lot more than an occupied building as you can fix things so you don't have issues when it is occupied.  Also, you can pick your tenants which is HUGE.  So basically if the Neighborhood has the qualities you want, and you can pick your tenants you will do well.  If you pick the wrong neighborhood and prices start to drop (which will happen at some point) then you will regret it.  If you have the wrong tenants even in the right house in the right neighborhood, it will be the bane of your existence.  LOCATION and TENANTS are the most important things.  I used to say LOCATION 3X but this is Massachusetts and the tenants have a lot of pull.  Let me know if you want to chat off line.

pm me and i can share some thoughts, worcester is an interesting