All Forum Posts by: Steve Dai

I am still waiting for UW on my refi of a triplex. It started in May ...

I don't see any harm to show proof of funds

I personally would stay away from any real estate in Connecticut, high taxes and jobs are leaving on daily basis...

We bought a triplex in 2011 for $465K and cashed out multiple times so we have no money in it, and it cashes flow $8000/month and appraised at $1.2 million today.

I am afraid it will end up to be a price war.  The lowest asking price for a 2bd 2ba unit in Regatta is now $2800, and usually it is around $3300. My unit was rented in July for $3,150.  If the same situation persist to next year, I think the condo market in Boston downtown area will crash.  Could be a good entry point for people waiting on the sideline though...

I am a landlord and a broker in Boston.  I think Boston market is probably one of the worst performing rental market due to Covid-19's impact on schools and international students.  For example Regatta building in Cambridge now has 30 units for rent, and the asking price is at least 25% less than usual.  I have a newly renovated 3 B 2 BA in Newton, and normally it should be rented within 2 weeks and now has been sitting on the market for 4 weeks with almost no inquiries.  Do landlords on BP in Boston or other "hot" areas have similar experience?