All Forum Posts by: Jerry Agbon

Great advice all around, I've learned 1 or 2 things as I read through the advise given by many brilliant minds. However, if one of you goal is to preserve you newly inherited cash, have you thought about investing at least a percentage of that cash into precious metals, like gold, silver etc. These help to protect your cash against continues devaluation caused by inflation. 

I wish you the best in your endeavor. 

@Tj Hines Thanks for the feedback, and yes they were helpful. You reminded me of the exact principle I started out with. Thank you! 

@Bjorn Ahlblad Thank you for the feedback. Both are walkable, both will produce good returns, but the Raleigh property is in the some what rough part of downtown Raleigh, and would need some repairs done. Both of them are currently 100% occupied. 

I'm currently in the market for multi-family complex investment property, anything from 10 to 30 units. I'm currently caught in a dilemma where I have to make a choice between an old apartment complex of 18 units built in 1984, class C, VS a newer apartment complex of 18 units built in 2008, class B, in the small town of Hope Mill NC. 

Would appreciate your collective wisdom on this. 

Ha... The mainstream media the favorite tool used by the thugs we call politicians, the bane of all problems to the common hard working man. Massachusetts is called Taxsachusetts for a reason, every and all activity must be taxed, any activity that isn't taxed must be labeled as illegal or bad, and therefor they must come up with a means of taxing it, even if the means is fraudulent. And we the sheeple of the state applaud, while we're being robed blind in the name of liberalism.

Indeed we are witnessing the aftermath of the death of critical thinking!      

Hello Lior, what a meticulous due diligent you've done, great job! However while data crunching is always good, also remember there is almost, always a lag between when the data was generated and the present existential reality on the ground. I do own a one apartment condo unit in North-Quincy, 644 sq feet, renting for $1550. Actually there were people willing to pay more.  There is also a multi-family house close to me, the 2bedrooms in that house are going for $2050.

Timing and proximity to the Redline train, are the 2 biggest factors that determine the rent pricing. Mine was in the market for less than a day in last  July, and I got multiple offer, more than I had expected. Will this trend continue? I have my doubts with the rate apartment building developers are pouring into Quincy, I fear the market might become over saturated in 2 to 5years time.

That said, I think I prefer multi-family over single unit, because of the higher rate of returns on investment.

I wish you the best with your venture!   

@Jennifer Dean  You Said  "What I'm wondering is if it would be worth it to place a lien on my property in lieu of a high down payment?"

As a business person, I would only result to this if there would be high monthly cashflow from the property.  With the cap rate of 8.12% I'll be extra careful, remember it is a business deal, compromise is irrelevant, the deal must be objectively fair to all involved, and profitable both in the short and long term.

@Ray Hurteau By ROI, I meant the monthly cash flow after all expenses have been paid for.

@Mike Hurney  Yes and no... 1, 2 and 3 bedrooms. 1and 2 bedrooms preferable in the Quincy area close to the red line T station. While in Dorchester 3 bedrooms is in higher demand. 

Hi Colby,

I also live in Quincy MA, for me it's not the price that is the determining factor, rather the (ROI) return on investment. Yes the Boston now seems over priced due to very high demand, those that can afford to live in Boston and Cambridge ends up looking for places to rent or buy in the towns close to Boston. These towns close to Boston are the ones I focused on. My target tenants are young professionals and post-grad students. So far, this has worked fine for me.

I have a rental property in Quincy, and a multifamily house in Dorchester, I made sure both are close to public transportation (very important in rent pricing). 

I would also suggest that you familiarize yourself with the BP Calculator tools, these would come in very handy in your business decision process.