real estate: First Real Estate Failure - 02/20/18 03:39 AM
Buying Real Estate, can be stressful! It took me longer than expected to close on my first property. It was a learning experience that will help me buy my next multifamily property. 
How did I fail my first rental property? I was making many offers and seeing properties weekly. I saw about 12 multifamily properties, and made 8 offers. I learned making offers is part of the process in real estate.
I had a deal under contract in November 2016. It was a 4 plex that needed work. I later learned FHA loans have very specific requirements. The property needed a good 20-40k … (5 comments)

real estate: How Much Money Do You Need To Invest In Real Estate? - 07/30/17 07:00 AM
If you are looking to invest in residential multifamily (2-4 units) There are duplexes and triplexes everywhere in Worcester County! With a huge supply, it is possible to get a property under contract for a great price.
Before you begin looking for your next deal, it is essential to speak with your lender to see what you are pre qualified for. Your lender will look at your debt, income, and assets. They will give you an idea of the mortgage amount you qualify for. This can be done over the phone or online. Once you have this number, only look at properties … (1 comments)

real estate: Investing In Worcester County Massachusetts - 07/29/17 07:09 AM
Are you interested in learning real estate investing?If you are new to real estate investing, it is smart to invest in your education for real estate investments. There is some upfront knowledge that can benefit you to prevent you from making mistakes on your purchase.Real Estate investing in the Worcester County area can present many opportunities. There are many mistakes that can be avoided by learning about the area and demographics of the towns. Keep in mind, there are no “perfect” investments but you can build wealth if you buy right! Here are some tips to know before you buy in … (1 comments)

real estate: 5 Easy Eco Friendly Home Fixes - 07/24/17 06:34 AM
How can you revamp your home and make it eco friendly as well as cost efficient? Learn these five  tips for the interior of the home.
Water Heater
Do you know the current age of your water heater? Have you ever considered a tankless water heater? These only heat as much water as in needed. Although they are pricey (up to 5 times as expensive as regular water heaters, they last about twice as long as well as savings on your monthly utility bill.
The aerator (the screw on tip of the faucet) determines the flow of a faucet. Look … (4 comments)

real estate: 15 Top Tips Every Homebuyer Should Consider - 07/19/17 01:48 PM
If you are in the process of looking for a home it is easy to get overwhelmed by all of the possibilities! Don’t lose sight of the things that you need vs want in a home. This checklist will help decide if the home is the right purchase for you.
Schools A good school district is vital when choosing a home, even if you don’t plan on having kids.
Nearest Starbucks/Whole Foods? Starbucks and Whole Foods spends substantial resources to decide where to open their doors next and  strategically places their locations. You home has a higher chance of appreciation if … (8 comments)

real estate: First Things To Do After Closing On A Property - 07/18/17 07:57 AM
Have your first property under contract or considering buying a rental property? Congrats! If you plan on self managing, what should you do first? Here are some tips to get you started on the right foot.
Treat It At A Business Not A Hobby
Remember you are running a business, treat it as one. Keeping documentation is key. You can chose to keep paper copies, but also scan and keep electronic files so you can’t physically lose the paperwork. Creating a binder with your mortgage, taxes, water/sewer, and tenant info is a great idea.
Inheriting Tenants/Finding Tenants
If you are inheriting tenants, contact … (4 comments)

real estate: Breakthrough 3 Excuses That Block Investor Success - 07/16/17 02:40 AM
Excuses are unlimited of why you can’t do something. Instead of making excuses, as an investor you need to consider how you will get the deal done. Do you really want to invest in real estate? Why is it not happening now? It may take time to get your next property under contract, but enjoy the journey and keep in mind, there’s not a short term way to success.
Make the numbers work on a bad deal When analyzing properties, make sure you understand your numbers forwards and backwards. Do not lower your expenses so you can make a bad deal … (3 comments)

real estate: 3 Amenities That Attract Quality Tenants - 07/15/17 06:11 PM
The amenities a landlord can offer can make or break your rental business. Ensure you are keeping your properties rented with these three amenities
Tenant turnover can be a killer when owning rental property. Every time it happens, you have a vacancy, repair the unit, as well as find a new tenant. Keeping tenants for the long term is ideal. Providing comfortable and convenient amenities will be a value add to your property. Consider these in your current rentals or your future properties.
Moving is stressful! Tenants may have more items then they can store in your unit. Storage bins … (1 comments)

real estate: Do You Really Need A Home Inspection? - 07/14/17 03:50 AM
What is a home inspection? Although not required, a good home inspector will save you big money long term. You are looking for an inspector who can analyze the home's strengths and repairs/ deferred maintenance.
In a competitive market, it is common to see homebuyers waive inspections in hope of making their offer look more attractive to the seller. You would benefit from having an inspection if you have not had an inspection completed. The inspection provides you information as an informed buyer to make a decision based on evidence.
1. Pre Inspection
After your property is under contract, it is typical … (3 comments)

real estate: Avoid Common Home Buying Mistakes! - 07/12/17 05:02 AM
Buying a home can be exciting when things go well! Avoid these five major home buying pitfalls.
Pre Purchase:
Pre Qualification: Make sure you go through a prequalification with your lender! They will look at your current credit, debt to income ratio (DTI), savings, retirement accounts, W2 Income, and have a number of how much you can borrow. The higher your credit, the better position you are in. Make sure to only look at properties that fall in your pre approval range. I would highly suggest looking at your own finances to see what price range is best for you … (1 comments)

real estate: Want to Grow? Seek Being Uncomfortable - 07/12/17 03:35 AM
Are things becoming too easy? Comfort is a killer and can lead to no growth in all areas of life.. A comfortable routine may be great for many, but take action and try something new to learn more about yourself. The discomfort you get from trying something new is pure growth. It opens up new opportunities and makes you realize you are making progress. You are adapting to the situation. The repetition of uncomfortable tasks will build your own comfort zone. Want to grow? It begins outside of your comfort zone.Taking risks, making new connections, and putting yourself out there will … (23 comments)

real estate: Do You Know These 9 Tax Deductions For Your Rental? - 07/12/17 02:50 AM
Considering buying a rental property? Here are nine must know tax deductions for your rental.
Items used for Property – Items such as rakes, hammer, and snow blower (all used for your rental property) can be tax deductible. Make sure to keep track of all receipts.
Credit Card Interest – Ideally, create a separate bank account for the rental. It will be much easier to see income/loss. The credit card interest is also a write off.  
Home Office Deduction – You technically become a business owner when you own the rental apartment. If you use some space in your … (1 comments)

real estate: Can A Seller Improve Their Home Appeal? - 07/11/17 05:20 PM
To assist yourself in selling your home, think like a buyer.. What are they looking for? When you purchased your home, what was important to you? Not everything is in your control but you want to maximize your current home’s appeal to potential homebuyers.   Here are three ways you can prepare your home to attract more buyers.
1. Curb Appeal
First impressions are everything. Your buyers will instantly make a decision when they look at the pictures online if this home is worth pursuing. They may even look at google maps to see what it looks like or likely drive by the … (0 comments)

real estate: 5 Essentials When Buying Real Estate - 07/11/17 03:29 AM
Problems, and misunderstandings in the buying process lead to unhappy homeowners. A common one is buying close to their pre approval and then they are stretched financially. It may seem like a great purchase at the time, but will lead to frustration over time.   How do we limit these mistakes?
Homebuyers remember these five strategies when making your next real estate purchase.

#1 Stay Consistent : Real estate values tend to rise over time. If you give up on looking at properties, you will never find the home you are looking for. The key is to learn why you are losing … (5 comments)

real estate: 2 Questions To Ask When Selecting a Mortgage Lender - 07/08/17 03:12 AM
If you are not paying all cash, you will need a lender on your team. Remember you don’t have to put 20% down to purchase your home! You may be able to use low money down programs. How do you plan on finding a lender that best suits your needs? Do you plan on asking a family member or going online?
The key is knowing what questions to as them. Since you will be making a major financial purchase, you want to find the best lender you can find. They are a major part of your team so make sure you speak … (2 comments)

real estate: 4 Home Buying Myths Resolved - 07/07/17 04:51 AM
These are a few common myths about buying a property. See how these common myths are debunked!
1.MYTH: I need 20% down buy a property
TRUTH: You don’t need 20% down to purchase! FHA is 3.5% down and MassHousing is 5% down. Consider multiple programs when looking for a loan on your property. Is is best for you to put 20% down or low money down? Keep in mind, with FHA you will be paying PMI (Private Mortgage Insurance) for the life of the loan. You do have the option to refinance later to rid the PMI.
2. MYTH: I need an excellent credit … (2 comments)

real estate: Two Underrated Traits of Success - 07/05/17 05:52 AM
In a society where we have technology at our fingertips, the concept of patience is diminishing.
We want things quickly and are upset if we don’t see immediate results. We are obsessed with a quick fix or a band aid solution.
To commit to results, consistent habits will ensure progress over the long term.
One mindset shift we need to make is focusing on the long term. Understand that good things come with time. The overnight success is not an overnight success. The overnight success is a product of daily productive habits which lead to victories over time.
Short term goals are great to have, … (39 comments)

real estate: 3 Reasons Why An Aspiring Investor Needs to Journal - 07/04/17 04:06 PM
Can a simple practice such as journaling help you reach your goals? Journaling on a daily basis will help keep your focus and keep your focus on your goals. Writing down your thoughts is what many investors, businesspeople, and entrepreneurs has assisted them in reaching higher goals. Below are four reasons why journaling will help you as in investor.
1. Focus
One habit you can begin is reviewing your goals on a daily basis. The attention that you place on your goals, through journaling will allow you to hone into what important activities need to get done on a daily basis. … (3 comments)

real estate: One Secret You MUST Apply to Your Daily Habits - 07/03/17 05:01 AM
Want to improve your life?
Take a look at your daily habits. The biggest secret you must apply to your daily habits is the ability to self assess! Self assessment is the ability to evaluate your actions or daily performance.
This may seem difficult at first, but it is necessary to grow.
Self awareness will keep you on the path of continuous progress.
To begin, you need to understand where you currently are and where you want to be in the future. This is a difficult question to ask yourself. Be honest. Do you have goals? Do you want to begin investing in … (2 comments)

real estate: How Do I Get Started Saving Money? - 07/02/17 03:20 AM
Are you looking to increase your savings? This is a very popular question, and you may not even know where to start! These three tips will put you on the right path to begin saving money.
1. Change Your Philosophy
Currently what do you think of money? Do you not have enough to invest? Keep in mind, you need to save to invest and have a goal in mind. The goal will give you propose. First, define your goals. Do you want to have a savings goal for a house, to invest in real estate, or to buy a car? Only you can … (0 comments)

Steve Bracero, First Time Homebuyer and Investor Specialist  (Heisler and Mattson)

Steve Bracero

First Time Homebuyer and Investor Specialist

Shrewsbury, MA

More about me…

Heisler and Mattson

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