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All Forum Posts by: Mohamed Ziani

Mohamed Ziani has started 0 posts and replied 5 times.

Post: Building 3F in Charlestown with parking

Mohamed ZianiPosted
  • Boston, MA
  • Posts 5
  • Votes 1

Oh Parking is a huuuge issue in Charlestown and so is green space, so get your full ammo ready..So, maybe if you have enough space in this lot to lease some parking spots to your future neighbors may be they'll approve it. Good luck 

Post: Building 3F in Charlestown with parking

Mohamed ZianiPosted
  • Boston, MA
  • Posts 5
  • Votes 1

Charlestown is an affluent neighborhood (except for the public housing area)...so have to be careful when applying for your permits. If you are going to ask for any kind of variance, the neighbors will get involved. Good luck and thank you for investing in Boston

Post: Should I build a rental property?

Mohamed ZianiPosted
  • Boston, MA
  • Posts 5
  • Votes 1

Hi Kyle, you have a great idea. If you can get the financing, try looking into modular construction as your cost per SF will be much lower, also go for a duplex or more .. that way the investment in you land will yield a much higher return. Good luck

Post: Beginner Investor in Greater Boston Area

Mohamed ZianiPosted
  • Boston, MA
  • Posts 5
  • Votes 1

If you are a first time homebuyer and you can house hack, take advantage of some good programs in our state that offer first timers lower rates and the opportunity to get into a property for 0%, 3%, or 5%. All the areas that you mentioned are ripe for investing. Keep your cash for property improvements and to acquire more doors. 

Post: Studio Condo for Short Term Rentals

Mohamed ZianiPosted
  • Boston, MA
  • Posts 5
  • Votes 1

Hi Justin,

First, make sure the condo association bylaws will allow you to short term the unit. If the building has more owner-occupied units than renters, then it is usually harder to do it.  

If you can upgrade your purchase to a 1 bed instead of a studio, you will get a much better bang for your buck. The local economy is thriving and there is so much demand for quality short term units. 

If you are not going to self-manage, then don't forget to add in the cost of maintaining your place at 5 star rating level. 

Good luck