All Forum Posts by: Chris Cyr

Thanks @carl herbert. Pretty much what I expected. For now we are going to continue to grow locally until we scale 

Thanks Corey. Very helpful.  I have seen the slumlord issue in fall river as well. Not my game, I want to provide quality units to attract decent tennants. It tskes patience but worth it. I would greatly appreciate that referral for a PM.

Hi All - my partner and I own and self manage 26 units in Fall River, MA. We are buy and hold investors for cash flow. Appreciation is icing on the cake.  We are finding our market saturated. I would love any insight on the Lewiston Market. 

Are rents stable, in the rise or declining? Vacancy rates to expect? Turnover, etc. 

On the surface Lewiston and Fall River appear to me to be similar cities.

Tx!

Hi, what other details would you like?

4 - 2 Bedroom Units

2 - 1 Bedroom Units

All units full, mostly long term tennants (one in place for 40+ years)

Great rental history

Coin Op washer / dryer

Good Roof / New Replacement Windows / Upgraded electric 1 year ago

Gross Monthly Rent 3,685 / 44k Per Year

Annual Expenses: Electric $720 / Water $1500 / Water Heater Rental 864 / Tax 2300 / Insurance 3300

On Street parking only

Some room left to increase rent

Good area of Fall River (Holden Street)

BROKERS WELCOME @ 2%

6 Unit in the Surging Fall River Market - 8% CAP Rate

349,900

4 - 2 Bedroom Units

2 - 1 Bedroom Units

All units full, mostly long term tennants (one in place for 40+ years)

Great rental history

Coin Op washer / dryer

Good Roof / New Replacement Windows / Upgraded electric 1 year ago

Gross Monthly Rent 3,500 / 42k Per Year

Annual Expenses: Electric $720 / Water $1500 / Water Heater Rental 864 / Tax 2300 / Insurance 3300

On Street parking only

Good area of Fall River (Holden Street)

As much as possible!

thanks!

Hi - Looking for an experienced attorney in Massachusetts to draft a partnership agreement for 2 investors looking to hold property jointly.

Thanks!

I agree, you need to take your housing payment out of the equation.  Lets say the unit you will occupy rents for $700, and the remainder of the income = expenses on the property, then you bought yourself a house with $700 in net positive cash flow.   I have purchased 2 - 6 unit properties in Fall River this year, the deals are there, keep looking.  Remember there is no such thing as the 'perfect' investment property.  Good Luck!