A New Face
If you’ve been reading this blog at all you know that the look (theme) on this has changed about 3 times over the last several months. But this time I think we’ve really got it.
This blog is built on Wordpress and while it is a great platform I’ve run into some challenges with organizing [...]
Boston.com Reports That “Homes May be Nearing the Bottom” - Multis Too?
Applebaum (not to be confused with Papelbon) of the Boston.com and the Globe reports that
Sales of single-family homes in Massachusetts remained in a deep rut in February, 19 percent below sales in the same month last year, but in a sign that the worst may be upon us, the depth of the rut did not [...]
Unless You Are Paying All Cash You’d Better Know Your Credit Score
I recently had a transaction, in fact I shouldn’t put it in the past tense because it is still moving through the pipe. The buyer in this transaction is my client. He owns about 30 units and he has had some of them for some time, he is a full time owner/property manager. We made [...]
Existing Home Sales Surprise
What do you want first the good news or the “other” news? OK, the good news first.
The good news is that existing home sales were reported to be up in February for the first time in 7 months as reported by the NAR today at 10AM. Purchases increased 2.9% to an annual rate of 5.03 [...]
What is a Cap Rate and Who Cares Anyway?
What a cap rate (capitalization rate) is and how to use it in one’s real estate investment career are two related items that I find a large number of independent multifamily investors struggle with for some reason. I’m going to answer both of these questions answering the last of the two first.
How to use cap [...]
How to Know If Your Apartment Building Sale Will DIE On the Vine
During the fantastic boom our area saw over the last few years it was rare that a deal would fall apart once you got to the financing contingency. Lately death in financing has become the norm. Spot the signs in advance and you’ll save yourself lots of time and aggravation and probably some money.
If your [...]
What is Your Equity Doing?
I’ve been working with a client recently who is about to increase the return on his equity from about 5% to about 28% in one move. But what the heck does that really mean? I’m not talking cash-on-cash. I’m not talking cap rate. I’m talking about IRR, or an Internal Rate of Return.
What is an [...]
Vote on Housing: Blocked by GOP Senators
Let me say for the record that I’m an Independent and for the most part you won’t see me get political on this blog, but…
WASHINGTON – Senate Republicans blocked a test vote on a housing bill yesterday that would have allowed bankruptcy judges to alter terms of certain mortgages in foreclosure.
Senate Democrats fell more than [...]
