The Department of Housing and Urban Development has released its third quarter US Market Housing Conditions Report. The regional information for Boston continues the trend of increased vacancies and reduced rents. Another interesting report released at the same time is HUD’s “Eye on Multifamily Finance” which tells a story of rising mortgage delinquencies as multifamily owners feel the impact of vacancies and lower rents. While the report focuses on properties with more than 40 units (20 in CA in AZ), the experience can parallel an owner of a triple decker here in Boston. At Real Property Management Boston, we regularly speak with owners of rental properties that are struggling with the challenge of maintaining curb appeal and habitability while faced with a challenging housing market.
Another great night at Eastern Mass REIA. Continuing on their Brockton topic, they hosted representatives of the City of Brockton Board of Health, Housing, Fire Department, and Inspectional Services Departments.
Read all of Eastern Mass REIA 9/10/09
I attended John Ingram and John Fossetti’s Eastern Mass REIA the other night. These guys are pretty high energy and the event was very well attended for one of the first sunny days this summer. The topic was about Develop Brockton, LLC...
Read all of Intelligent Investors: Eastern Mass REIA and Brockton Investments - July 16
Let's face it – things are tough right now with regard to the housing market. It’s difficult to find buyers who are willing to pay asking prices, and it’s not easy for buyers to be able to finance a purchase. On the rental side the situation is just as bad because prospective tenants want lower prices, but landlords are reluctant to reduce rents because of a need for cash. A possible solution is to combine both worlds: offer a rent-to-own or lease-option agreement...
The National Association of Realtors in late May disclosed that between 45% and 50% of all homes sold in America were distressed, meaning the properties were foreclosures or headed for foreclosure. Many investors have no fear when it comes to buying fixers, waiting patiently for complicated deals to close, or accepting the responsibilities of self-representation in a purchase—which are good traits in a market where distressed properties abound. What many investors don’t know, however...
Read all of Intelligent Investor: Buying a Foreclosure as an Investment Property - June 18
Back in May, I posted a blog entry about Obama’s bailout plan (May 1). Some time has passed since the plan was initiated and now seems like a great opportunity to analyze its effectiveness.
Read all of Intelligent Investors: Is Obama’s Bailout Plan Working? - June 11
How much time do you have on your hands? Did you know that hiring property management can save you hundreds of hours’ worth of do-it-yourself management tasks? Not only that, but hiring a property manager relieves you of the need to develop a network of trusted maintenance partners. That’s why we are here.
Read all of Intelligent Investors: Is your time worth at least $20 an hour? We thought so. - May 21
Under the Obama Administration’s Making Home Affordable refinancing and modification initiative, some investors will be eligible for a broad array of refinancing and modification options. While the program is aimed at primary homeowners, rather than investors, if you use at least one unit of a duplex, triplex, or four-plex as your primary residence, then you may be eligible for a loan modification or favorable refinancing.
Read all of Intelligent Investors: Can you refinance a rental under Obama's bailout plan? - May 1
