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All Forum Posts by: Rion Manita

Rion Manita has started 19 posts and replied 46 times.

Post: East Arlington MA Two Fam OFF MARKET for rehab and condo convert

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Thank you Upen, will do, looks like we might have a cash deal on the table now.

Post: East Arlington MA Two Fam OFF MARKET for rehab and condo convert

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Good Day,

Prime Location East Arlington Two Family being offered for $875k PERFECT FOR CONDO CONVERSION. If renovated,1st floor should fetch upwards 625k and 2nd floor should fetch upwards of 750k. Requires new kitchens, baths etc. Home in great shape. Brand new Rheem Central Air systems. Separately metered gas and electric. Expand into third floor walk up attic. Nice backyard. WALK TO ALEWIFE MBTA STATION along with shops and restaurants. Parking for four cars tandem. Vinyl siding. Beautiful woodwork.

Please serious inquiries, price has some wiggle room but not much. Two families here sell for over $900 and still need work. 

Please message for more details or call.

Rion

Good Day Bigger Pockets,

I hope all is well. I have a client interested in purchasing a three family (3k gross square footage) with a fourth commercial unit (2k gross square footage) that is operating as a auto repair shop. The property is under 250k. My client is looking to do 10-15% down with a good rate. Can anyone help or suggest a lender. He wants to offer on Monday.


Thank you in advance,
Rion

Post: Need help finding an Asset Manager for PennyMAC in North East

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Its puzzling right @Joshua Poitras, if I can get any traction I will let you know.


Thank you

Post: Need help finding an Asset Manager for PennyMAC in North East

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

I really need to get this property under agreement, it appears to be in their cloud and not assigned. I appreciate the response. If I could at least get it assigned for the sale that would be great so any contacts or advice will be appreciated.

Post: Need help finding an Asset Manager for PennyMAC in North East

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Good Day BP,


I hope all is well. I am desperately trying to buy a foreclosed home in Massachusetts but have had no luck since it has not hit the market yet. Does anyone have any contacts for an Asset Manager that manages Massachusetts. Buying or being the listing agent is my goal.

Thank you!

Post: West End Commercial or Residential Unit*Amazing Potential*

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Good Day,


I hope all is well. I am currently offering an off market property on Friend st. in Boston, 02114, known as the lovely West End. This unit is a bi level first floor and garden level with potential for some expansion, one deeded space is included. Over 2,000 sqft (provided via public record). This space would be a great bi level condo or perfect for a restaurant space. The development opportunities are endless! With so much growth in the West End build to suit is hard to come by. The owner is currently considering offers over $900k. Offering 2% cooperating compensation for buyer's brokers if applicable. All showings requested will require some proof of qualification as this property will require commercial lending, cash, or rehab (if residential is desired). 

If you have any questions please call/text/or email;

857.284.2191

Thank you,
Rion

Post: Everett Single Family with a nice yard and ample parking

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11

Good Day!

I have an offer market single family in Everett, MA. It is on a quiet side street from Ferry and within close walking distance to MBTA bus and Everett center, as well as the high school. It is a fixer upper so to speak, with excellent expansion possibilities. The basement is prepared to be finished for more square footage. Square footage is estimated at 2100 and is approximate. Excellent large back yard with parking for two cars on the side of the home. The second floor could easily host a second bath. We are offering 2% cooperating compensation to a buyer's broker if applicable. Buyers are required to do their own due diligence to verify any and all information pertaining to the property.


If you have any questions or would like to see the home please call/email or text.

857.284.2191

Post: Late Rent from tenant

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11
In my experience, maintaining a good but business oriented relationship with tenants is paramount. I'd let it go the first time around and give her some time (a week to two) once paid I'd make it a point to connect and reiterate the importance of on time payments. In Massachusetts your tenant can become a nightmare, if a tenant stops paying it can take months to get them out, not to mention the costs. Usually attorney fees, lost rent, increased vacancy, moving costs for the tenant(happened to me) and storage costs! The protections offered to tenants is similar in NY. I make sure to maintain a great relationship, after all excellent tenants can be an asset. But do draw that line so they know there is no crossing it. Hope it works out!

Post: Using CoStar to find commercial tenants - Is it worth the cost?

Rion ManitaPosted
  • Real Estate Broker
  • Boston, MA
  • Posts 53
  • Votes 11
Joel Owens , you are completely correct. I had a terrible experience with costar, signed up at 395$ a month; 1. Took them three weeks to get back to me to schedule a training 2. The point people that are supposed to gather more information on any prospect never returned a y of my emails 3. The info on it was far from updated and verified, I had a commercial listing of my own that went under contract on mls two weeks after listing, three months later it was still active on costar Don't waste your time or money. Reaching out to the commercial brokerages and owners directly is the only way.