All Forum Posts by: Tom Wagner

@Tom Wagner Wakefield does not seem to have STR laws (yet). I'm sure it's just a matter of time that they will come up with one, just like the other neighboring towns / cities such as Boston, Burlington, etc and likely to be more on the restrictive side. Just to note, there's several active STR's in the city. Our plan is for a temporary STR just for the year. Having said that, I would be very careful and personally stay away from a long term STR play in the Metro Markets (even for those with laws already in place).

@Lien Vuong We're excited to see how it plays out! You and your network are all awesome! Thank you!

@Erick Sembrano looks to me like Airbnb is illegal in Wakefield but you can double check with the town / a lawyer

https://localheadlinenews.com/...

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Congrats Erick! What do the STR laws in Wakefield look like?

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Hi Yamin, I have a lending contact that does 10% down conventional on 2-4 unit properties in MA. PM if interested

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Boston, Massachusetts

Quote from @Alicia Marks:

Quote from @Tom Wagner:

Went down to the studs on a four family in Jersey City, NJ and am on pace for about $220/sqft. Not all rehabs are created equal.

What's the ARV/ sqft?

$700 - $750 / sqft.

I'll be all in for about $1.65mm and the ARV should be around $2mm, though most of that is due to the market appreciating vs me adding value.

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Went down to the studs on a four family in Jersey City, NJ and am on pace for about $220/sqft. Not all rehabs are created equal.

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Hi Gal, your title says "Developer" and I am curious what you develop?

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Manchester, New Hampshire

Some markets to consider: Jersey City, South Orange, Bloomfield, Montclair, Union City, West New York, Bayonne

For Union City and WNY look out for rent control

I went with Jersey City and would recommend others to do the same. Happy hunting and good luck in your search!

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Jersey City, New Jersey

Hey Steven, I am not deeply familiar with physician's loans but I am very familiar with house hacking and analyzing investment properties. Best of luck to your clients in this crazy market

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Cambridge, Massachusetts

Hey Alex, welcome to the community! I'm in Cambridge and up for a cup of coffee. DM'ing now

(open invite to other investors / house hackers in the Boston area as well, always free to chat)

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Boston, Massachusetts

All Forum Posts by: Tom Wagner

Tom Wagner has started 34 posts and replied 324 times.

Post: Realtor/New Investor in Massachusetts

Post: Single Family House with an ADU

Post: Single Family House with an ADU

Post: downpayment for multifamily

Post: QOTW: what’s the average cost per sqft to rehab?

Post: QOTW: what’s the average cost per sqft to rehab?

Post: NH/ MA Investor Let's get together and talk real estate investing

Post: Beginning my real estate journey!

Post: Realtors w/ Physician Home Loan Experience

Post: Hitting the ground running with MA Real Estate Investing