All Forum Posts by: Eder D.

Yep, this makes sense. From what I've seen, the property tax is also a large factor we've been considering because the cost of homes are significantly higher within areas like Medford/Somerville/Cambridge. I'll reach out to connect. Thank you!

I don't think we considered that enough, do you know much about the fees associated with having an agent and why it would be best to have one?

Hello!

My wife and I are planning our move to Massachusetts from North Carolina, we're thinking we may want to get a multi-family home, live in one unit and rent out the other instead of renting an apartment or house that someone else owns. Any advice for looking for multi-family homes within Mass or living in Mass in general? We want somewhere close to Boston (maximum 30-40min train ride away) and a good place for having a rental unit with steady tenants. 

Thank you :)

Hi everyone, I'm looking to purchase a rental property in Orlando, FL and I was wondering if someone who's familiar with the area and market can look over my numbers just to make sure I've got most of the cost figured out (financing with insurance and tax included). I'm looking to purchase a duplex at about $400,000 and I'm hoping to find a place that's near UCF, Winter Garden, Winter Park or Lake Nona area. Let me know if you have any recommendations or advice about rentals in the area. Thanks!

Notion Doc with numbers: https://edermazariegos.notion....

 Thanks! I reached out and sent my contact info via the form provided on your page.

Hey guys, after doing even more research the list I made of potential investments was more along the lines of what @Jason Lee purposed. Co-op's and if not, all cash. After doing even more looking within the Yorkville area, I may be redirecting and looking further into other areas of NYC and NJ. The main reasons why are listed below...

1. Maintenance Fee's 
2. Lack of financing options for Condo's at an affordable rate 
3. I don't believe there will be enough positive cashflow to make this a worthwhile investment. 

I haven't made a firm decision just yet though. 

@Mohammed Rahman , @Andrew Jennings Freerks Thanks for the input and advice! I was reading several articles about the maintenance fees and other expenditures associated with condos and co-ops in NYC, everything does seem a bit involved (especially co-ops), so I may reconsider. I will do more research though. Do either of you have experience with the NJ market at all? That's another place I've been considering, but if I invest there it will likely be around the Bloomfield area, near transit, and a multi-family home. 

@Alexander Szikla I don't have numbers for the maintenance fees on every property I've viewed thus far, but a few were around $400 and $500 a month. The square footage was typically below 500sqft and most were 300-400sqft.

Hi, I'm new to real estate investing and I've been reading the Rental Property Investing book by Brandon Turner. That book is why I am here today asking this question. In the book he always talks about looking for a great deal and I was wondering if getting a condo in Yorkville would fit that description. The condo that I'm currently looking at looks great on paper and is around 300k which I believe, for the area, is a great price-point especially considering what it was worth pre-covid. The only thing that is a little obscure to me is the market in the area and tenant demand for 1 ba 1 ba's in the area. I walked around the area while searching for an apartment of my own and was hard pressed to find anything decent available. When I finally found a spot, the agent who gave me the tour and handled the paperwork said the market for the area is in high-demand and people are moving back into NY fast. Should I take this as a sign to buy or is there some other info I'm missing?