With the current rent prices climbing higher and higher, you may have asked yourself, “Why don’t I buy a multi-family and reap the benefits?”
Here are some things to consider when planning to become a landlord:
Are you in the know? Have you done your research on local laws for landlords and tenants? Do you know the market rents in your area? Is the property you are considering already rented? Are there leases? Do the tenants pay on time and in full? What conditions are in the lease such as rules around pets, visitors, shared outdoor space and parking? … (2 comments)
real estate: New to the market in Saugus! Open house on Thursday 6/30!
- 06/27/16 06:00 AM
Beautiful 5+ room cape, with pellet stove, 2 full baths and great outdoor space! Convenient to Routes 1, 93 and 95, with bus stop just minutes away. Partially finished basement includes 2 rooms, kitchenette and full bath. First floor master with fill kitchen, bath and living room with pellet stove, Second floor has 2 additional bedrooms. Enjoy the spacious back yard area and ample parking in the front. Open house on Thursday June 30th from 5pm-7pm! Listed at just $324,999! … (0 comments)
real estate: Coming soon in Saugus!
- 06/24/16 07:12 AM
This is an excellent starter-house opportunity located on Winter Street in Saugus! This three bed, one bath is move-in ready with so much potential! Coming soon! … (1 comments)
real estate: Open house on Vermont Avenue in Somerville tomorrow 11am-1pm!
- 06/17/16 09:46 AM
Attention Investors! Grab this quick! Fully rented 3 family in the hot market of East Somerville! Just steps to Sullivan Square T, Assembly Square Shops, Restaurants & Route 93 you will always have tenants! First floor has individual entrance with central air and basement access. All units have separately metered gas heat. Maintenance free vinyl siding and newer roof. Great private fenced back yard. Each level has 2 bedrooms and 1 bathroom with great details such as hardwood floors and built-ins. Realize over a 5% cap rate with market rate rents! Showings during the market entrance open house on Saturday, 6/18 11am-1pm … (2 comments)
real estate: New to the market on Vermont Avenue in Somerville!
- 06/13/16 11:18 PM
Attention Investors! Grab this quick! Fully rented 3 family in the hot market of East Somerville! Just steps to Sullivan Square T, Assembly Square Shops, Restaurants & Route 93 you will always have tenants! First floor has individual entrance with central air and basement access. All units have separately metered gas heat. Maintenance free vinyl siding and newer roof. Great private fenced back yard. Each level has 2 bedrooms and 1 bathroom with great details such as hardwood floors and built-ins. Realize over a 5% cap rate with market rate rents! Showings during the market entrance open house on Saturday, 6/18 … (2 comments)
real estate: The cost of renovating vs. value!
- 06/06/16 12:55 AM
Pam K. in Stoneham asks: “Does my house really need to look like something from Property Brothers in order to get a good price?”
Since its launch as Home, Garden and Lawn channel in the 1990’s, HGTV has become a household name. Whether you are looking to sell, buy or renovate, you look to HGTV for answers and advice.
There is a lot to the Real Estate process that HGTV does not show you -- those behind the scenes aspects that end up on the cutting room floor.
The cost of renovating vs. value -- Yes, you will get more money if your house … (3 comments)
real estate: Commercial space in Peabody!
- 05/31/16 11:43 AM
Make this the new home of your business! Large suite available right outside Peabody center. Your business will truly stand out in this prime downtown location, with a great professional atmosphere, surrounded by local businesses on Lowell street. This office is located on the first floor of professionally managed and newly renovated building. Suite can be customized to better fit your business. Minimum 2 year lease. Some of the photos with listing show a similar unit that was recently renovated. Great location for Law, Accounting, or Real Estate office. Call to Lease today! Modified Gross Commercial Lease -- Tenant to pay … (2 comments)
What is PMI? It stands for Private Mortgage Insurance. Simply put, PMI is an insurance policy on your loan. You pay the premium, typically in monthly installments, which are added to your mortgage. With this, the lender is covered if you default on your mortgage.
Why does PMI happen? We have always heard that you need 20% down to get a loan. In a perfect world, 20% down is the best way to go. BUT, it’s not always feasible. Say you live … (2 comments)
real estate: New to the market in Peabody! Commercial property for lease!
- 05/25/16 05:07 AM
Make this the new home of your business! For $950/month, this large suite is available right outside Peabody center. Your business will truly stand out in this prime downtown location, with a great professional atmosphere, surrounded by local businesses on Lowell street. This office is located on the first floor of professionally managed and newly renovated building. Suite can be customized to better fit your business. Minimum 2 year lease. Some of the photos with listing show a similar unit that was recently renovated. Great location for Law, Accounting, or Real Estate office. Call to Lease today! Modified Gross Commercial Lease … (2 comments)
Casey C. from Revere asks, “How do you coordinate buying and selling at the same time?”
Just one real estate transaction can be stressful enough! How do you juggle two real estate transactions at the same time?
Build a good team! Having an agent, a broker and an attorney on your team is crucial. When buying and selling, you need to make certain that your team is rock solid!
Talk to your mortgage broker first. There are two ways to approach this situation: Is your purchase contingent on selling your home, or can you purchase first?
If you are able … (0 comments)
real estate: 5 Steps That Add Value!
- 05/19/16 05:33 AM
Question: “As sellers, is it better to focus on updating one big focal point like the kitchen, or do smaller updates in several areas of the house?” -- Lisa in Chelmsford.
You want to sell, but how do you know what changes will add the most in value?
Your house may not need the work you think it does. When we look at our own home, we see it in two ways: (1) This space is perfect because it’s mine! Or (2) I really want to change something… But what you want to change may not need to be changed in order to … (5 comments)
By: Ari Taylor
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