This building was built and 1924 and has a lot of old character.

If inflation and yields stay high, we might see more buyers sidelined, which could cool demand and stabilize prices.

I'm also just north of Boston and have been investing here since 2013.

I decided to give it a try and it is quite nice not to worry about utilities and tenant issues.

This allows me to get into a great property and leave the bank out. 

I typically use regional banks to fund my deals but my 2 go-to banks have either slowed or fully stopped investment loans so recently I've connected with several online brokers but all came from ads or they reached out to me vs personal recommendations and intros so I have concerns. 

Matt was CEO and I was CFO.

Purchase price: $605,000 Cash invested: $12,000 Sale price: $785,000 Contributors: Peter Vekselman Partner Driven and Ann Mesa purchased this home for $605,000 on 06/27/2024, invested $12,000 in targeted renovations, and sold it for an impressive $785,000 on 11/15/2024.

It's one of the hardest businesses and also one with the most sentiment against it around right now.

Then (at least to my understanding) you find an agency that wishes to use it as one of the aforementioned categories and they use it find the individuals to place there and they also act as a "property manager."