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12 March 2024 | 5 replies
.- Condos are typically closer to very busy areas like city centers (while single family and multi-family are further away / in suburbs) which, in the case of a buy-hold-rent strategy, means that the investor will have more traffic / demand.- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.- Condos are much easier to maintain internally than larger homes.- Condos are easier to manage as Air B&B than larger homes.- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.Happy to connect with you and speak in more detail if you are interested in Massachusetts!
13 March 2024 | 70 replies
Yes there is a transfer of the deed also which is typically (but not always) a part of the sale.
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12 March 2024 | 20 replies
If the tenant does not comply, you can file an eviction case and the court will typically schedule a hearing within few weeks of filing.
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12 March 2024 | 29 replies
If you are paying a premium you better make sure the tenant is really strong (typically Standard and Poor's) BBB- Investment grade rating or better.
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12 March 2024 | 6 replies
Depends on the deal typically.
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12 March 2024 | 5 replies
Hello, I typically prefer not to ask for help, but I’m reaching out to see if anyone is available to assist me with my first fix flip project.
12 March 2024 | 1 reply
You can try to offer less, but likely will get beat out by an owner-occupant that will think this is a great deal.This is probably a Class A property, which typically don't cashflow for the first 3-5 years - until rent appreciation exceeds the payments.If you want cashflow, you'll have to find a great Class A deal or start looking at Class B & C properties.
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12 March 2024 | 7 replies
I really enjoy books that challenge and question my typical way of thinking.
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12 March 2024 | 13 replies
Typically you can get close to 90% LTV.
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12 March 2024 | 11 replies
Agents typically charge 1 month's rent to find and screen a tenant and get them on a lease contract.