Personally, unless I've got something in the 3s, which I don't since most of my portfolio is commercial, I'm looking at return on equity combined with velocity of capital more than the rate itself. If I can refinance from a 4 to a 6.5 but use that money to get a 20-30% return on a value-add deal ...
What’s a subtle red flag during tenant screening that you almost overlooked but shouldn’t have? For me, short employment history and limited cash reserves deserve a closer look. Someone who’s been at the same job for five years shows a level of stability and consistency I value. I also ask for ba...
From my experience, I've used both notes and shared equity, and it really comes down to the opportunity and your own risk profile. Private money gives you more control but tends to cost more, while equity is cheaper upfront but means less control and less upside for you. Would you rather give up ...
Personally, the deal has to make sense on the numbers first. If there are tax benefits, great—that’s a bonus. But I’m not buying a bad deal just because it’s a good tax play. It has to stand on its own as a solid investment. How much weight do you put on tax benefits when evaluating a deal? Have ...
I’ve had success offering a longer closing timeline to help sellers coordinate their 1031 exchange. Giving them that flexibility made them more willing to work with me on price. Sometimes the best leverage is figuring out what the seller actually needs. What’s worked for you—repair credits, a cas...
Personally, I underwrite every deal with a 20% contingency built in for unforeseen circumstances, which has saved me more than once. Do you build in a buffer as a percentage, a flat number, or just eat the overage when it happens?
Hi everyone, I'm Erick, based in Central Massachusetts (Worcester County: Fitchburg, Leominster, Worcester). I'm focusing on distressed properties where the problem is the title, not the condition. Think heirs who never probated, fractional ownership, old tax takings, judgment liens, stalled fore...
I recently decided to start flipping houses as my full-time job. I’ve known for a while now that I wanted to make a career switch into real estate and was waiting for the right opportunity but decided I was tired of waiting and decided to go all in. I bought a 2-family house in Wakefield a couple...
Honestly, there's very little I'll walk away from if the price is right, but I've learned through trial and error to be wary of septic systems since they almost always come with scope creep. Oil spills are the other one I try to avoid entirely. If it's bad enough, that can cost millions to remedi...
Given the interest rate hikes, in my area, new england (MA, RI, CT, NH), I am seeing 7% interest, 25 to 30 year ARMs, 75% LTV for down payment/construction funds. This is financing from my local credit unions / banks at 5, 7, or 10 year ARM. At the beginning of the year, I was seeing around 6% in...
We constantly hear that housing in Worcester is becoming too expensive and that prices are climbing too fast. While the rapid shift is undoubtedly challenging for many residents, a fundamental question remains: Is housing in Worcester actually overpriced, or is the root problem tied to local wage...
On October 15, 2025, the Massachusetts real estate landscape shifted. The state’s new regulation, which mandates a right to a home inspection that cannot be waived, was intended to protect buyers from their own impulsive decisions. But in the world of Worcester multifamily investing, intent doesn...
So when I first started scaling past 3-4 rentals nobody really warned me about this. Every time you open a new LLC or entity for a property you're now paying annual fees, tax prep for that entity, registered agent fees, etc. It adds up fast and honestly ate into my cash flow more than I expected....
Join us for our September Worcester Meetup and a new “Meet the Vendor” feature! This month, we’ll be joined by Kyle from Handy Heroes, giving members a chance to meet a local service provider in a casual, no-pressure setting. Handy Heroes specializes in the smaller jobs and repairs that landlords...
What asset class / market / strategy are you focusing on today? I'd love to learn what others are doing right now to be successful in this market. Personally, I invest in value add multifamily in the new england market. I purchase properties that need love, either operationally or capex-wise, and...
Hey BP Fam. Just curious what other operators and investors experience has been dealing with section 8 over the past few years in Massachusetts and New England in general? From my experience, section 8 seems to be pulling back and pushing back on rent increases and cutting costs whereever they ca...
Many cities and towns, Worcester included, now mandate that builders include a percentage of deed-restricted low-income units in new developments. At first glance, it seems like a win-win: we increase the overall housing supply while simultaneously creating affordable options for those who need t...
Real estate goes in ebs and flows. Right now, I feel like real estate is facing a ton of external forces be it interest rate, rising costs in the form of inflation combined with stagnant revenue. Given the environmental factors, what are some good tactics you are utilizing to be more efficient gi...
Hey wanted to see if any Landlords out there have added Solar to Multi Families. I have a property that I'm thinking about purchasing here in W Mass but its all electric and owner pays all utilities. Numbers work without Solar (pending a check on owners kWh usage) but the numbers definitely get i...
Recent data from USA Today reveals a significant trend in the housing market: 65% of all homeowners currently face escrow shortages, with an average deficit of $2,157. This phenomenon is largely driven by the inherent structure of modern mortgage payments. While your loan's principal and interest...
I'm not really sure what is allowed or not to post in these forums . I'm trying to figure out which kind of finance would work for a second position/equity on a 8 unit stabilires rental in MA?
Most people understand that a healthy real estate market is based on supply and demand. But what is that supply and demand based on? Is it just the price, or the number of buyers and sellers? I would argue that because the multi-family market is a unique mix of owner-occupants and investors, mort...