Ali Kassam
How are people financing mobile home parks?
20 December 2021 | 11 replies
In those conditions, you would look back and wish you had procured a 10 year balloon instead of 5.
Mike Hasson
When is it time to treat yourself? [Reinvest VS Spend profit]
27 December 2021 | 44 replies
I wish I could remember who said something like "Use your profit, but never spend it"- take a shorter, and much more deliberate vacation.
Geoff Nielson
Recent Investment in the University Heights neighborhood
12 December 2021 | 4 replies
I would love to show how I can assist you in acquiring new properties and selling properties if you wish to do so.
Adam Fortier
How do you guys give forms to you tenants?
13 December 2021 | 6 replies
If you don't serve notice in the right form then it can be deemed that notice was not provided and then you have no case.Best wishes
Kate Lee
Should I sign a work agreement with realtor?
14 December 2021 | 12 replies
We want to ensure that this is a mutually beneficial relationship.If you would like to work with an Agent that does not require a commitment, be prepared to get a lower quality of service (possibly) and as always my comments here are "in my opinion".Best wishes,
Alex Martens
How to determine rent for a cafe
10 December 2021 | 2 replies
I have two people wishing to rent out the cafe, and run it essentially as it used to be run by the previous owner, with the same name as well, which I now own.
Ashley LaVigne
Rents in a Rural Market
5 January 2022 | 7 replies
Probably not a big deal on a $20k gain, but if you hold on to the property for 10 years, payoff the note, capture some appreciation, etc you could reasonably be looking at a $150k gain and the capital gains taxes on that would be significant.Compare that to the cashflow you'd expect to receive over the 10 years - is it enough to wish paying the capital gain taxes?
Evan Leibovitz
Optimal intro investment strategy - Boston area
3 January 2022 | 2 replies
Basics:-I currently live, and wish to continue living, in Boston/Cambridge/Somerville/Charlestown in a “nice” 1-2 bed (w/ significant other)-Assume I am fully extended with 20% down on a ~$900k property (or less on more, as I am willing to tolerate a negative cash flow of ~$2k/mo, inclusive of my personal rent)-I do not presently have a contractor/“team” and am not personally “handy” thus would need to factor in significant costs to any rehabOptions, as I see them:-Buy a 1-2 bed in an area I want to live, live there-Buy a multi family in an area I want to live and rent the other unit(s) - may overextend myself and I will not be able to carry the nut if significant vacancies-Buy a cash flowing rental property (single family, multi family, condo) in an area I don’t want to live (e.g., Everett, Revere, Chelsea, Dorchester, other B/C neighborhoods, out of state) and rent in my desired areaIf you were in my shoes, what might you do (aside from compromising on my desired location and house hacking a MF in a B/C neighborhood)?
Evan Leibovitz
Optimal investment strategy - beginner
5 February 2022 | 6 replies
Basics:-I currently live, and wish to continue living, in Boston/Cambridge/Somerville/Charlestown in a “nice” 1-2 bed (w/ significant other)-Assume I am fully extended with 20% down on a ~$900k property (or less on more, as I am willing to tolerate a negative cash flow of ~$2k/mo, inclusive of my personal rent)-I do not presently have a contractor/“team” and am not personally “handy” thus would need to factor in significant costs to any rehabOptions, as I see them:-Buy a 1-2 bed in an area I want to live, live there-Buy a multi family in an area I want to live and rent the other unit(s) - may overextend myself and I will not be able to carry the nut if significant vacancies-Buy a cash flowing rental property (single family, multi family, condo) in an area I don’t want to live (e.g., Everett, Revere, Chelsea, Dorchester, other B/C neighborhoods, out of state) and rent in my desired areaIf you were in my shoes, what might you do (aside from compromising on my desired location and house hacking a MF in a B/C neighborhood)?
Brian Kempler
Sell interest in a land trust, evict upon default?
2 January 2022 | 4 replies
A Magistrate would not allow an eviction if the occupant told the court they were than a tenant.I wish there was a way around this too but courts will require a foreclosure even for a property in a trust.