All Forum Posts by: Account Closed

Thanks @Mike Hurney 

Interesting about the no-shows.  I would think there would be a bigger presence of commercial investors.  I suppose most are focusing on less than 4-unit multi-families.  

Starting a commercial group may not be a bad idea.  Thanks for the suggestion.

Thanks, @Paul Timmins 

Rockland might work, but I'm hoping to find a group in the eastern portion of Norfolk County (Milton, Dedham, Needham, Westwood, Canton, Quincy, and Braintree areas).

I'd like to attend the Black Diamond events in Waltham, just have had some scheduling conflicts the past month or two.  I might make this month's event, though.

Hello,

I am familiar with a South Shore REIA group that meets in Needham (I believe?), but are there other REIA groups in the South Shore and Norfolk county areas for networking with commercial real estate investors? Any other good networking groups in the area?

Thanks,

Kim

@John Gentile 

Hi John,

I've been looking in the same areas.  I've seen some properties with possible potential, but many downfalls to the properties, as well, which is why I haven't committed to any property in the area, yet.  I've started to look outside the area, but most likely (or hopefully) will find something in Everett, Malden, Medford, and Melrose areas, for rentals.  

For positive cash flow you need to 1. put down a larger down payment so that the mortgage payment is smaller, and/or 2.  purchase nothing smaller than a 3-family unless you will be living in it.  In which case, an owner-occupied two-family is more for reduced-cost living and building equity, not cash flow. A 3-unit is really the minimum for positive cash flow.

If you have any questions about properties in the area, feel free to send me a PM. 

-Kim

Welcome, John.

I'm also focusing on buy-and-holds.  This is a tough area (Greater Boston) for large cash flows due to the cost of homes, but the equity you build over time is a good way to build wealth.  

What areas are you looking at?

Welcome, @Sean W. !

If you haven't already found them, start subscribing to the Bigger Pockets Podcasts. They're entertaining as well as educational. You will learn a lot from the various guests on the show, as well as the hosts.  

You'll find the people here on the forums are also very helpful and friendly.

Hope to see you at a local event.

"can lose money"

I was under the impression REITs worked differently than stocks in that you're investment is to fund a project like building a mall or housing development, and you are paid dividends from the profitability of the project. If they work in a manner similar to stocks, in that you can money, and the returns are similar, what is their advantage?

I'm thinking about investing in REITs, and from the little that I have heard, they sound too good to be true.  Guaranteed returns, nothing to manage, etc...  On the surface, they seem like a good way to create annual cash flow.

For those who invest in REITs, how do you go about discerning which ones are good and which ones are not?  

How does one get started in this type of investment?  Where do you find them?

Thanks!

Hi Ray,

I'm about to possibly purchase my first condo conversion and I would be interested in talking to you about the process, as well as see your project and what you have accomplished.  

Sounds like you've had quite an experience with this project!

I'll check out the Meetup and hopefully will see you Saturday.

-Kim