All Forum Posts by: Kyle Cabral

Hi All,

Any Massachusetts investors looking for raw land for commercial use on always busy RT 6 in Westport -- send me a message or shoot me an email [email protected]. About 150 frontage, 30k square feet, letter from building department stating it's buildable in hand as well as passing PERC results. Not interested but know someone who is? Let's work together to get a deal done. @Mike Hurney you know of any contacts?

Thanks,
Kyle

Hi All,

If you are a Massachusetts apartment building investor (or would like to be that has access to capital) and have particular interest in the New Bedford and Fall River, please contact me at [email protected] or call me directly on my cell at (508) 264-4698. Serious inquiries only. 

Kyle

Keywords: Mass, New Bedford, Fall River

Should probably add, well maintained, very good condition units and building. Nice yard. Good area.

Initial looks on a 5 unit. Quick initial reaction - do you buy this house? There is market upside, rents are low and suspect climbing over the next few years. Spoke to a property manager and comfortably can expect numbers as shown.

Seller carrying back whatever down payment amount needs to be.

@Paul Timmins - thank you Paul. That's awesome information. I appreciate it. I have been to the Rockland Meeting a few times is one of my favorite meetings. Have your $1 million dollar bill you gave me posted on my wall at home. 

Thanks again for the advice.

@Tony Santos

@Tony Santos - FYI we need to look into Pauls note

@Tony Santos

@Michael Sjogren - that is exactly the type of answer I was hoping for! Thanks a ton Mike. I'm going to adjust my analysis based on some of your recommendations and move from there. Appreciate everyones insight.

@Tory Kelliher, good catch. I probably should bump that up to 8%, I assumed since i'm accounting for maintenance at 5 and cap at 5 it was safe bet with having a 3% reserve allowance. @Tony Santos

@Jonathan Leung, this particular deals has two 3unit buildings, 1 lot - one of the buildings 1940 the other has it listed as "around" 1900. The 1940 building, solid foundation, solid building, well maintained. The 1900 is similar condition in terms of the 3 units, work needs to be done in basement although stable and no structural concerns (had a structural engineer there). Need to patch/skim basement walls most likely.

How do you about general anlaysis of capex/maintenance and what rules do you abide by?

If you have any interest in roaming the streets of New Bedford or Fall River and come down here to get a feel, i'd love to chat. 

Best Regards,

Kyle

Any Massachusetts investors have any insight or comments? Side note, if any Massachusetts investors have interest in creative multi deals on the Southcoast market, PM me. 

Additional Keyword: Mass