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All Forum Posts by: Faaz Hafid

Faaz Hafid has started 7 posts and replied 12 times.

Post: Is this property a good investment? (Pittsfield MA)

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4
Quote from @Dave Meyer:

@Faaz Hafid the only way to know if a deal is a good investment or not is to run the numbers. If you do that and share the results here, I think you'll have more members of the community happy to weigh in. With just an address its tough to say. 


I haven't done this as this is going to be my very first property, please feel free to ask any questions:

Potential Rental Income: $1000/- month (Right now through housing, but rent is due for increase)

Taxes: $2600/-

Utilities Water/Sewer: $800/- (Rest of the utilities are paid by tenant)

Purchase Price: $124,900/-

Post: Is this property a good investment? (Pittsfield MA)

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4
Quote from @Nathan Gesner:
Quote from @Faaz Hafid:

I'm considering purchasing a property located at 243 Robbins Ave, Pittsfield, MA 01201 (link: realtor.com listing). The property seems very appropriately priced based on all the upgrades and already has a tenant. Would love to get some insights on whether this is a good investment. Any advice or things I should be aware of? 

Thanks!


A quick search reveals this is a high-crime area.

 Thanks, care to share what tools did you use? And if it’s exclusive to realtors? Also I believe it’s priced lower due to the area, I’m not going to be living there so it doesn’t really matter I just think with potential rental income it might be worth it because I wouldn’t be getting a mortgage but buying out all cash.

Post: Is this property a good investment? (Pittsfield MA)

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4

I'm considering purchasing a property located at 243 Robbins Ave, Pittsfield, MA 01201 (link: realtor.com listing). The property seems very appropriately priced based on all the upgrades and already has a tenant. Would love to get some insights on whether this is a good investment. Any advice or things I should be aware of? 

Thanks!

Hi Tim,
 
Please reach out to me privately and I can provide details, unfortunately my plans change so I’m no longer looking to buy.


Quote from @Timothy Allen:

I've been looking at properties in Pittsfield, MA as well. Ive seen a wide range of prices and rents. There's a lot of section 8 tenants that are able to rent at market rates which are higher than central mass and Franklin county where I'm from so it definitely looks like a promising market. Id be interested in that 2 family if you don't pull the trigger, let me know


Looking to get opinion on what the market is and what's the fair offer would be for couple of properties I am looking to get in Pittsfield MA. Its a private deal so no realtor is involved (sorry nothing against realtor, seller is keen to sell privately).

1. 

2 Family 2100 Sq Ft, 5 Bed 2 bath recently renovated close to North St., Barrington Stage, Berkshire Medical Center, both have been rented approx 2k rent.

Updated gas heating systems with on-demand hot water. There are washer and dryer hookups in each unit. Extra space in the attic could be converted.

2.

Single Family House 900 Sq ft, 3 bed 1 bath, recently renovated near Wahconah Park, its also rented approx 1k rent.

Any ideas for how much is the going rate is for each (low, average, high)?

Post: Pittsfield MA Section 8 Tenant

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4

What do you guys do to market your properties for potential tenants? I just got one of my tenants leave and it looks like there aren't much tenants available.

Looking to get Section 8 tenants and my property is located near Pittsfield Train Station.

Post: Tax Season Rental deductions

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4

Anyone has any suggestions on what in general are the categories for expenses/deductions a land lord can use?

Sorry it's a 2,160 square feet house. 

For Tree cutting this is what I was given approx $6600:

1.) Trim on leader growing over roof from Norway maple on front right side of house.
2.) Take down 2 Norway maples growing at the back left corner of house.
3.) Take down or Trim Norway maple growing directly behind center of house.(trim would be little less)

Hi,

I am just being told that a roof replacement for my two family at Francis/Union will be $16000/- with plywood and 50 years warranty. This is on top of Tree cutting which is about $5000/-

Any suggestions and/or comments, I wasn't planning on this type of expense at the start of the year, so it is definitely a shocker for me.

Post: HVAC / Plumbing Question Range Hood Duct

Faaz HafidPosted
  • Investor
  • Andover MA
  • Posts 16
  • Votes 4

Guys,

Any GC/Plumber/HVAC person comment on this.

doing an installation for a range hood where previously there is no duct going outside but there is a duct going straight outside from one of the gas fireplace (no chimney involved straight horizontal duct outside).

The homeowner didn't want to install a duct (which is an easy option) as the hood wall is facing outside.

The homeowner got someone to install a "Blue PVC Lay-Flat Discharge Hose" approx 1.5" diameter that connects to the fireplace duct (seems like proper sealing), but I have never seen this before, is this going to work if I installed the range hood that has 600-700CFM, wondering if anyone has seen this or have comments about it?