All Forum Posts by: Greg Devlin

Robert T Gownley Jr., Esq. works in Scranton which is close to Wilkesbarre. (570)346-1728. He is a friend's dad but has been an attorney for a long time and knows the area well. 

@Matthew T. Hows the holyoke market? I'm from boston and looking to invest outside since prices are crazy here.

@Jacob Geller did you ever purchase a rental property? What's the bosto kn market like right now?

@Tom Shallcross thanks! I appreciate the input and I agree with your additional expenses. Definitely understand that its not just about those numbers. I do want to confirm they are actual and current numbers. Thanks again.

Purchase price is 279k in the northeast. Not in a major city. It seems like a good deal but wondering why it has been on the market for so long(6+ months)                                                       Current  Income and 2017 Expenses 1st floor front      $975.00 1st floor rear        $750.00                2nd floor front      $600.00 2nd floor rear       $700.00 3rd floor front      $950.00 3rd floor rear        $700.00 4th floor front      $900.00 4th floor rear        $600.00 Hot water is included in the rent for all units Heat is included for units 1st & 3rd floor front and 3rd  floor front Expenses for 2017 Water & Sewer    $10,957.52 Gas & Electric       $6,733.05 Repairs                  $1,125.00     RE Taxes                $2,731.76 Insurance              $3,871.00 Trash Removal     $2,226.96

Do you have equity in your current home? You could do a HELOC or get a personal loan and then loan the money to the LLC.

Thanks, ToRena! I'm on the South Shore but work in Boston. I am trying to figure out where best to invest, especially since Boston(South End, North End, Southie, etc.) has become so expensive. I think a more reasonable area is Dorchester and Quincy, in terms of value. I'm a licensed realtor so I have access to the MLS, but I haven't researched the outside of Boston in detail. Goodluck in your ventures!

I am invested in a grade A medical office building in Delaware, which I invested in 10 years ago. Cashflow is good, but some of the investors are nearing retirement age. We are trying to figure out if we should sell the building. Has anyone seen any Grade A medical buildings in Delaware recently sold? 

@ToRena Webb-Thomas hi ToRena, I'm new to real estate and was wondering what the rental investment market was like in Springfield? Thanks, Greg