All Forum Posts by: Faina Shapiro

@Jacob Stokes

I have been a realtor for over a year now but have 16 transactions. I have bought 3 properties myself in cash in the past 2 years and I work with alot of investors. I think cash is always better, but depending on the area it may just be more common. However, the area I buy for myself is also usually always cash investors but not always and I have gotten great deals because I was cash. You should have her explain why she is saying cash and waiving contingencies are not important. I would argue no matter what area you are in doing all these things will definitely help, and her logic does not really make sense. The offer you put in should be what makes sense for your parents financially so they have no regrets.

Investment Info:

Condo other investment.

Purchase price: $138,000
Cash invested: $138,000

With easy access to all major highways, this newly renovated condo is available to show. Vacant, with Supra Lock Box at mailbox location. Be the first to have your buyer get in to see this. All rooms just painted with new carpeting throughout. Nice kitchen layout, with dining area. Two good size bedrooms. Bath is totally redone, new tile surround, vanity and tile floor. Live here for less than renting in the area. Close to many IT companies and extra storage in the attic area.

What made you interested in investing in this type of deal?

Great experience with a unit in the same building

How did you find this deal and how did you negotiate it?

I found it myself during my first year as a Realtor. I negotiated a great price by decreasing my commission and being an all cash buyer.

How did you finance this deal?

Cash

Investment Info:

Condo other investment.

Purchase price: $138,000
Cash invested: $138,000

Easy access to all major highways, this new renovated condo is available to show. Vacant, with Supra Lock Box at mailbox location. Be the first to have your buyer get in to see this. All rooms just painted with new carpeting throughout. Nice kitchen layout, with dinning area. Two good size bedrooms. Plenty of closer space. Bath is totally redone, new tile surround, vanity and tile floor. Live here for less than renting in the area. Swim and health club with reduced rates to owners here. . Close to many of excellent IT companies this is a perfect investment opportunity as well. Extra storage in attic area and outdoor common area. Pet friendly for cats. Plenty of common area parking. Complex is served with private water and sewer. Off site management company, Dartmouth Group.

What made you interested in investing in this type of deal?

Great experience with a unit in the same building

How did you find this deal and how did you negotiate it?

I found it myself during my first year as a Realtor. I negotiated a great price by decreasing my commission and being an all cash buyer.

How did you finance this deal?

Cash

Investment Info:

Condo other investment in Boxborough.

Purchase price: $100,000
Cash invested: $100,000

Located at Harvard ridge in beautiful Boxborough this bright sunny third-floor condominium is special. Galley kitchen, cozy living room with a sliding glass door and bedroom with large walk-in closet make living comfortable Convenient to all major commuting routes, shopping, conservation trails and swim fit are a bonus. Outside barbecuing areas for summer cookouts. This property is perfect for both homeowners and investors.

What made you interested in investing in this type of deal?

Great management company, upcoming area, and easy to find renters.

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Cash

What was the outcome?

So far it has been a great purchase, and recently bought another unit in the same building.

Investment Info:

Small multi-family (2-4 units) other investment in Boston.

Purchase price: $597,500
Cash invested: $200,000

One of Brighton's best locations! This charming and beautifully maintained Dutch Colonial style 2 family home has much to recommend it, spacious rooms, good ceiling height, handsome woodwork, separate systems, separate entrances, 2 car garage, hilltop & Boston views & wonderful proximity to shops and transportation.

What made you interested in investing in this type of deal?

Purchased to originally live in the property, and now have been renting out the property for the last 8 years.

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Renovated/updated to get top dollar for rent

What was the outcome?

House value has almost increased by double since purchased and rental income is the same.

Lessons learned? Challenges?

Challenges faced are due to hiring reliable lawn and snow removal.