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Why Now Is a Great Time To Buy Investment Property In Framingham Ma

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Real Estate Agent with eXp Realty 9056672

                       Why Now Is a Great Time To Buy Investment Property In Framingham Ma

 

As an investor you need to gauge your risk tolerance and know your best profit potential. Rehab deals are different than commercial and much less profitable because you get hit with capital gains tax on your profit. Commercial real estate allows you to do something called a 1031 exchange or starker exchange,which allows you to roll your profit into a like kind deal and defer taxes. If you are true transaction engineer, you would do both, or anytime you see a profitable deal, no matter what kind it is , you will know how to benefit from its acquisition.

 

You need to know which best suits your needs. A rehab deal is easier to get funding for because it is a short term deal, and funders like the quick ROI it provides on their Framingham or Ma. investments. It is very important to know that sometimes when it is easier to get financing doesnt mean that is th best way to go. You must always have a safe budget or additional percentage factred in on Framingham rehab properties, because there is almost always something that comes up that is unforeseen that will lower your profit if you are not careful.

 

Now is a great time to buy investment property in Framingham Ma or almost anywhere in mass because the lending parameters are still historically low. There will always be many renters looking for apartment housing. There will always be people in foreclosure from an unfortunate event like a job loss or taking the wrong mortgage. These are unfortunate conditions that hit a lot of families. The foreclosure rate has gone up 14% since 2015, and 7% since March of this year, 2016. Hopefully this trend does not continue, but i belive it probably will. This is beneficial to rehab investors, who a ,ot of time contractors so they dont have to pay for outside contractors. Those that do can still benefit, but the profits will be less because of materials and contractor costs. You can really only benefit one way as a rehabber, and that is just by a check at closing, (unless you fix the property and rent it out for cashflow and sell later on).

 

It is such a great time to buy investment property now in Framingham Ma because of financing options, interest rates, and there are many sellers trying to maximize their profits on the residential and commercial side. If you have cash, you can present them with a good offer or flexible profitable financing. there are also many foreclosures coming back online and new auction sitrs allowing you to profit handsomely if you buy at the right price and do your due diligence. There are also many large commericla apartment owners looking to cash out now locally so you may be able to get a deal that works for you, making it a win-win for both parties. 

 

                          Why Now Is A Great Time To Buy Investment Property In Framingham Ma.

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FOR A FREE MARKET ANALYSIS OF YOUR FRAMINGHAM HOME, CALL ME TODAY at 

774-286-9161. 

Serving Sellers, Buyers and Investors for over 10 years!

 

Dan Greenberger

RE/MAX Executive Realty

www.dangreenberger.com

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