All Forum Posts by: Michael Fratalia

@Jake Harris Thank you for the response, I've since been glued to their youtube content. Will definitely be investing in a membership to begin learning and networking here in Boston. 

Thanks again!

@Conor Freeman thank you so much for the great response! I really appreciate all the input and advice. 

I'll hold off on the fall event but I will certainly keep ULI on my radar and get into a few smaller events around Boston. 

Hi everyone,

Does anybody have any experience with an Urban Land Institute membership, classes or events? The ULI membership itself is steep but the classes aren't cheap either.

I'm located in Boston and these two events are coming up:

https://americas.uli.org/event/basic-real-estate-d...

https://fall.uli.org/

I'm trying to get my foot in the door of a development company so I can learn the ropes of some small/medium sized developments and adaptive reuse projects with the end goal of taking on my own projects down the road. 

Have any of you found any real value in a ULI membership? Are the classes of substantial quality to demand that premium? 

Thanks in advance!

@Marielle Walter as stated above, Boston and the closely surrounding areas are VERY competitive right now - $5-600k will be tough (factor in your renovations after purchasing too). 

I'm in the Norwood area (with 3 commuter rail stops on the Franklin T Line) and $5-6 might buy you a smaller/older multi with 2-3 units.

I would highly recommend you explore the Franklin area (Also on the Franklin T Line) as property prices are lower, there is a bustling down town, there is a growing college and there are is a large office park. Seems like it could be a slam dunk for your business model. 

Good luck and don't hesitate to reach out if I can be of any more help. 

Thanks @Joel Owens, seems like some great info there. 

Hi everyone,

I'm looking to connect with anyone who is actively working in the development side of commercial real estate around Boston or anyone who is actively investing in any type of commercial real estate in the Boston area or Massachusetts as a whole. 

My goal is to move away from the residential side and fully into commercial - specifically multi-use developments and industrial properties in Norfolk and Suffolk counties, preferably. 

I'm open to connecting with anyone who has some experience or some knowledge they'd like to share. 

Thanks!

Welcome to BP @Zach White! TONS of information on the forums and especially the podcasts. 

I live next door in Norwood and my office is in Westwood. I'd love to meet up and talk real estate sometime soon.

Welcome to BP @Gary Domermuuth! It's great to see that you're so motivated.

I work with lots of clients who intend to flip or invest but many of them still "intend to" years later.

Please reach out if I can help you with finding, selling or just analyzing/researching deals.

Hey @Steve Bracero, how's everything since we spoke last?

I'm interested in jumping into this group as well. My wife and I are always on the hunt for great deals for ourselves and our clients.

I can add some value to the group with access to MLS and some other great research tools. I'd be happy to pull info for members of the group when I can. I can also contact listing brokers and set up showings for properties in my area if needed.

@Craig Moore I would definitely recommended jumping in full time if you have the living expenses (plus start up costs) saved up.  Having the time and energy to learn, network and pursue leads during all hours of the day/week will make you competitive when starting out.  Experienced agents will take you more seriously and you can assure possible clients that this is your full time job, your career and they will be your number one priority, not your W2 boss.  

That being said, unless you have a few SOLID buyers or sellers lined up to work with AS SOON as you sign on, you'll probably go at least 4-6 months before getting a commission check.  Remember, a typical lender financed real estate transaction will take 40-60 days to close if all goes well but 90 days is not unheard of.  You won't get paid until after your broker gets paid and they don't get paid until the day of closing.  All of this comes AFTER you track down some good, solid, HOT leads that are willing, able and motivated to buy or sell.

I recommend Keller Williams to almost all agents, especially new ones.  The training, marketing material and mentor-ships are top notch.  Plus we have some very helpful tech and we'll be getting a whole updated tech suite this fall.  When you're new, you'll want all the support and recognition you can get behind you.  KW does that.

Like any other broker you have office fees and commission splits plus your MLS and REALTOR fees but at least KW has profit sharing, a commission cap and the ability to form your own team.

Message me if you'd like to speak with my office CEO (Team Leader).  She can fill you in on any specific info.  (This goes for anyone else too - @Samir Shahani, @Joddie Mcclain, etc)