Apartment Rents Are on the Rise
You heard it here first folks. Back on September 7th 2007 I reported that we’d be seeing rents on the rise
“There is a flight to rentals in a big way right now. You get foreclosed on, you go rent. You just got out of college and barely have a job, you rent. You had a [...]
What Are the Best Neighborhoods for Multifamily Investment
Location, location, location right? Or is it income, income, income? Some would say you don’t have one without the other but then the competition pushes down the return. So where to invest? There are a number of good choices in and around Boston but what I’d like to do is get location down to a [...]
Making Sense of Multifamily Investing
A lot of the more seasoned multifamily investors that I know or work with have some quick “rule of thumb” evaluation of their own that they use to very quickly decide whether or not a property is worth really taking a look at. The simplest is per unit cost; some I know use cost per [...]
Boston Apartment Building Sales Slow
You don’t have to be an economist or a statistician to see that there are a lot of apartment buildings on the market right now. Pick up tomorrow’s Globe and look in the income property section and there are more buildings listed there than I have seen in 6 years, at the same and sales [...]
Bay State Rents: Good News for Landlords
Bay State rents are on the rise according to two different sources.
The Boston area saw a 3.3% increase in rents over 2007 according to data compiled by Investment Instruments and their online application, rentometer. This is inline with what we would normally expect or hope for but in fact for several years rents were going [...]
Is Multifamily Investment Too Risky?
The Warren Group recently had a report that dove into the details of the foreclosure numbers in the state and took a look at how multifamily foreclosure numbers stacked up against the rest of the stock.
Petitions to foreclose are the first step in the foreclosure process; for all property types in Massachusetts, there were 2,835 [...]
Baystate Foreclosures Accelerate; Opportunities Follow
Foreclosuresmass.com is reporting 7512 new foreclosures initiated in the last 60 days. Thats 125 foreclosures per day every day. If you pull the weekends out… well you can do the math.
The vast majority of these properties will end up as “REO” or “bank owned” properties. A quick count of the multifamily properties on the market [...]
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 [...]
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 [...]
