All Forum Posts by: Joshua Poitras

 Just a matter of time until the investment money spills over into those other counties brother. Hopefully it does : )

@Steve Bracero 

Steve, 

Definitely seeing the same thing. Same thing, sometimes I asked myself if the multi family investors are even using the formulas right now. I 'm pretty sure it is just a buy whatever you can frenzy right now. The only multi I was able to get a potential 18% roiling on was an structurally unsafe property with a the owners being in a law suit and in not thato desirable of an area. So.... and with my last clients, we lost bidding wars on river in lowell at 20k over asking no contingencies and another war 50k over asking no contingencies but both fha. 

If your being overly protective about your offers right now your gonna have a hard time getting them accepted. 

Right now I am sitting patient just wathing the market, jobs report came in way over expected with permanent jobs, values are climbing exponentially and foreclosure market is relatively balanced. 

Just patience right now. Although buyer that have a serious motive to buy, I have just started using a good strategy to help them beat out cash and more powerful buyers in multi offer sutuations. 

as an multi family agent I am having a hell of a time finding multi's for buyers with decent cap rates. I really feel that Springfield and Worcester are decent COC return in the state.

my confusion with quick books is how do you categorize expenses and fixed asset sales properly. Because fixed asset add value and the. Sale adds even more value so we ended up protecting that we made double than what we did. 

Thanks for any help @ Gita Faust

thanks evan. 

Hey Guys, 

  Need some help, been jimmy rigging Quickbooks online to try to gear towards real estate flipping. Does any experienced investor know of any book keeping software specifically geared towards real estate flipping ? Just looking for an easier program to use for keeping the books?

are any Lawrence, Haverhill, Methuen, lowell, or north andover thinking aboit selling a multi family privately,

I have a buyer who just cant seem to find one. 

also sellers seem to be holding fast. itll be interesting to watch market over next two years (appreciation wise)

I agree with all, it seems that foriegn buyers saturated the greater boston market and are paying whatever to have real estate here. (that tells you something). 

going out west seems to be the alternative. 

np, I forwarded to Matt, he'll prbably comment. Best of lick woth your deal. if u need anymore help dont hesitate to ask.