All Forum Posts by: Chang Maeng

For list to sold ratios in Brookline: - 12 buildings sold within 6 months. AVE DOM: 26.25 days / around 105% of asking price. Only 1 listing is up

For Boston area, you have to give me more specific area. But, I think you are probably interested in South-End Boston, so I will give you information about this area. This is the only place that i can find the market is moderate compare to other boston area.

1) 02119- 13 multi-family buildings sold within 6 months.

AVE DOM: ~63 days. List to sold ratios around: 95~100%.

19 listings currently up/ AVE DOM: ~68 days.

@Mike Hurney:

For list to sold ratios in Brookline: - 12 buildings sold within 6 months. AVE DOM: 26.25 days / around 105% of asking price. Only 1 listing is up

For Boston area, you have to give me more specific area. But, I think you are probably interested in South-End Boston, so I will give you information about this area. This is the only place that i can find the market is moderate compare to other boston area.

1) 02119- 13 multi-family buildings sold within 6 months.

AVE DOM: ~63 days. List to sold ratios around: 95~100%.

19 listings currently up/ AVE DOM: ~68 days.

Hello guys.

I have been into Biggerpocket for few months and I would like to introduce myself as an investor friendly agent.

If you are looking for specific set of properties in Boston, feel free to contact me as I will keep you updated with information that you need.

Also, if you would like to make multiple offers and need someone to keep follow with the process, you are also welcome to contact me .

Thank you!

I think they are not valuing future appreciation as much as you do, which is understandable.

i think its all depend on how much capital you currently have and up to how much can you accept loss. 1m to Bill Gates is nothing compare to an ordinary person.

LOL, I think you don't have to be that aggressive though.

I see you are a huge advocate of cashflow. Nothing is wrong. However, it doesn't cost any if you do also consider appreciation value. I think Bob was trying to tell you that fact. He was trying to say you should also consider people who just want to buy properties for residential use or other investors who purchase based on appreciation.

For example, if there is a condo that has -1% negative cash flow but 10% appreciation value, its better than having a condo that has 1% cash flow but 5% appreciation value.

I probably know what you are trying to say, and you do care about numbers. Its really hard to explain in English since its not my first spoken language, but I believe you undestand what I am trying to say.

Mistake.

I do also think she is not considering "variables" with current cash flow that property has. Bob I understand what you are trying to say. Either appreciation and cashflow has its variables and as soon as one neglects the fact, its a gamble. I almost neglected the fact that just because it has a positive cashflow doesn't mean it will continue forever.

@ali boone

I do think what Bob Bowling is saying is true. Both 1)appreciation 2)cashflow have its variables and you cannot neglect either one. But I think usually these traits have positive relationship that people do not really aware that while (1) can go up, (2) can go down. This will be transparent when people see the reality and trying to sell their properties. This will happen at the end of real estate peak I guess. If Bob didn't told that, I would probably neglected that factor also.

Yea. That is what I have figured out. What I am trying to do is to find properties that are located at medium-high end place and have positive cash flow like you mentioned above. It will be my homework to figure out where these properties are located at.

So, how much profit construction company is taking if it had a contract for $250 per square feet vs $130 per square feet? If its still taking $130 per square feet, doesn't it mean it still earns profit? How its cost can be so much different? Or are you talking about different construction type?

For state section, as long as you know your vocab, you don't really have to study as long as you passed the other part. At least that happened for me.