All Forum Posts by: Patrick Kelly

welcome Christian. A good place to start is with the BP beginners guide and the podcast. If your looking for area info I like areavibes, neighborhood scout, and city data. Also zillow and trulia I provide some valuable neighborhood data below the listings. You can look at census data for population and bureau of labor provides good job growth info. Also look for local REIA's to connect with people in your area. I am on the Boston area as well, but work in a buy and hold. Hope this helps

Welcome, check out the beginners guide and all the links with it. A ton of info

Welcome! Once you've checked out the beginners guide. Make sure to listen to the podcasts with a notebook. Lots of great info from experienced investors that will save you years of learning on your own.

My partner and I are looking jumping into the market in Cincinnati, we both live and work around boston, and work in urban design and planning. We are interested in Cincinnati because of the revitalization efforts. We are looking in and around the OTR area. I wondering if anyone has some insight, thoughts, or advice.

Thanks for the help. I keep hearing these rules being preached and they don't seem realistic in the boston market. I guess it just means having to put together a very diligent proforma for accessing a property.

I've been looking at multifamily properties in the greater boston area and try to apply the 2% rule and it seems nearly impossible. I was listening to the interview with Darren safer and he said he uses 1% in the New York/ New Jersey market. Would something like 1.5% be better to use around boston?

great info, thanks for the help. I tend to stay on the conservative side of things and look to buy in nice areas. It seems like there are always a few outliers as far as a really high or really low evaluation on rent when looking at Craig's list. It seems like as1 of the sources rent-o-meter maybe good for checking a very broad brush middle of the road analysis for rental amount.

I've been looking at how to determine rent for a property that is being rented under market value and after I have purchased and rehabbed it. A lot of people say craigslist, but someone recommended rent-o-meter. I'm wondering if anyone has used it and how accurate it is, specifically for units in triplexes and quadplexes.

I'm new to this, but I would check in with your tenant and make sure it didn't happen on your property. Who knows if they could sue you for negligence if they think it was the fault of an "undefendable zone" on your property. I work in urban design and this is a constant topic with developers and municipalities to ensure no liability.

Thanks everyone for the posts. @Mike Huang thanks for the tip. I will make some calls, that will definitely go a long way. I am trying to make my proforma as thorough as possible so I don't dig myself into a hole.