All Forum Posts by: Collin Fishman

Will have to be outside of Boston City Limits. Still a good deal of demand.

https://boston.curbed.com/2018/6/13/17460760/boston-airbnb-regulations-what-are-rules

Welcome Lydia!

You're in the right place

Collin

Welcome Alan!

Great seeing other Boston guys here on BiggerPockets. 

Youre Multifamily in Suffolk County?

Look forward to seeing you around the forums,

Collin 

Welcome Patrick

I would definitely recommend just taking the second floor temporarily. If they are paying and want to stay, it is not worth trying to get tenants out in MA. Maybe do a live in flip and renovate the second floor while your there? 

Hi Neil,

Welcome to BiggerPockets! 

Collin

Welcome Chelsie!

Hypothetical question of the day, primarily designed to compare markets in different parts of the country:

If you were to purchase 500K of property, what kind of NOI would you expect in your Market and area? What kind of Gross Revenue?

Thanks all who respond!

Hi Ruslan,

If you can qualify for a Mass housing they do have a option with no MI. The current rate is around 4.3-4.4.

The best part about the Mass Housing loan with no MI is you're only looking at $5000 in closing costs in your range.

The mass housing loan with MI requires about $9-10000 but gets you a lower interest rate. 

*disclaimer: always varies, this what I have seen with my buyers.

As are is if it's worth it or not,  that's an interesting question.

The big plus is in our area,  vacancy rates are very low. 

4- 1 bed units at 1000/month with you and your wife in one of the units should enable you to live "free" or close to it which is certainly respectable .

Collin

Welcome to BiggerPockets Don!