All Forum Posts by: Jose Brandao

@Eric Sullivan thanks at this time we have gotten several quotes and will probably move forward with one of them. Appreciate your response. 

@Scott Savard Thanks Scott, the house is not attached it is a few feet away from the neighboring house. But that house actually burned down as well and was the start of the fire. In turn both actually have to be demolished. We have made some headway with some quotes in the last couple of days. I appreciate the insight it is on a busy street thus all your points have to be considered for sure. 

@Ryan Wittig Awesome Ryan I appreciate your feedback we actually submitted a quote request into CJ Doherty yesterday and we are waiting for a response. Glad to hear you had a good experience with them and they come recommended. The building is about 3,400 sq ft. and the neighbors house that also has extensive fire damage is about the same size.

@Matthew Paul Thanks appreciate the input.

Hello,

We are looking for a demolition contractor to tear down a triple decker destroyed by a fire in the city of Lynn, MA not far from Boston. The next door neighbor also has to tear down his house and it can potentially be a package deal situation if it can work out. We received a quote today through the public insurance adjustor but the price seems absurd in comparison to what some builder friends in western MA have paid recently. I would say it would be about ten-100 yard dumpsters worth of material per house and the property does not have asbestos. I would appreciate if anyone can provide some recommendations and contacts of guys in the area that can do the demo with permits and fill, that would be great. Thanks in advance. 

Hello,

Looking to obtain some recommendations for some solid property managers in the Brockton, MA area. In the process of negotiating a purchase of a rental portfolio and would like to utilize a PM to manage this portfolio and potentially a few other properties that I have been self managing in Brockton.

Thank You,

@Joel Gierbolini talk to @Lawrence Johnson he works for a lender in PR and they lend to non PR residents. Met with him last year during my research phase. Really nice and knowledgeable guy.

Hi Rebecca, Glad you asked the question I’ve been looking and wondering the same thing.I live and invest in Boston but my family originates from the West Coast side of Puerto Rico and for a couple of years now I have been considering investing in short term rentals on that side of the island (Isabela, Aguadilla, & Rincon). I will be traveling there at the beginning of July to scope out the area, get a feel for things and see what is available. I know for certain many properties for sale never hit the internet as things like mls are not widely used in PR. Overall I am thinking that tourism traffic is still in a recovery phase but will eventually pick up (Take a look at this article: https://www.google.com/amp/s/amp.cnn.com/money/2018/04/03/news/puerto-rico-tourism/index.html ). One of the trends I’ve noticed on Airbnb’s I’ve been tracking is that they are not being booked way in advance like in other areas. This is maybe because of some of the hesitance of tourist unsure if they want to travel there yet, but it appears people are making bookings but more or so closer to the travel dates.

Hi Nick,

I am from Hyde Park but I invest in the Brockton area. Currently holding 5 triple deckers in the city between me and my brother and planning to acquire more in 2017. The rental market has been strong and demand is high and we expect it to continue that way. Rent has been on the rise over the past three or so years and when we ever list an empty unit it rents within a week or less at top rental rates sometimes over HUD FMR rates (https://www.huduser.gov/portal/datasets/fmr/fmrs/F...) 

I would say Brockton is the closest urbanized major city South of Boston. As such many of the people who no longer can afford to rent and buy in Boston have ran to Brockton and due to the strong job market in Boston many of the people South of Brockton (i.e. Taunton, Fall River, etc) have moved and are looking to move to Brockton to be closer to the job market (easy access to Boston through BAT bus and commuter rail stop). We have had our share of tenant issues as most of the properties we have purchased had been completely occupied and some not with the best tenants. But we have been slowly turning over the tenants and rehabbing and getting a better quality tenants as the pool of tenants has increased in quality thanks to the downward effects I have mentioned above. 

We don't have a property manager at this moment and have been self managing at this point. 

Hi Hector Morales have you had any luck finding a CPA in the area? I am also in the Hyde Park/ Boston area and searching for a CPA to work with. Thanks.