All Forum Posts by: Tom Wagner

Dropping a note that we now have a special guest confirmed for Tuesday night. Avery Heilbron is an experienced house hacker and real estate investor, and he has been featured on the Bigger Pockets Money podcast. I will ask Avery a few questions about his background, then we will dive into a live Q&A!

https://www.biggerpockets.com/...

Quick heads up that we have 10 registrants here, but only 5 registered for the meetup via Zoom. Make sure to RSVP/register so you are emailed the meetup link!

https://zoom.us/webinar/regist...

100% agree with this! Time in the markets >>> timing the markets. Buy a cash-flow positive property (after factoring in expenses, vacancy, etc.) and you will more likely come out on top as long as your hold duration is long enough. The beauty of record-low interest rates and 30-year fixed-rate debt!

Always (always!) evaluate state cap rates with a skeptical eye because more often than not they are overstated. In fact, I would go as far to say that 9/10 times they are overstated, particularly on older homes.

I see wholesalers and agents advertise a "10% CAP RATE" on a $1,000,000 house generating $110k in rental income... BUT, in this case that would mean that operating expenses were just $10k... no chance. Run your own numbers, adjust after seeing the property in person, adjust again after inspection and always tread cautiously.

In terms of what people are seeing that depends entirely on the submarket. In prime Boston areas everything is trading in the 4-5 cap range. Maybe in the B-/C+ areas you might be able to get above 5, but even that seems unlikely. Stray out to Brockton or Lowell or wherever and you'll start to see more 6-8 cap's.

Fourth edition of the Massachusetts House Hacking meetup to discuss house hacking strategies in the Greater Boston area -- looking forward to seeing everyone there!

Feel free to post or PM any questions/ideas you have regarding the meetup.

WEBINAR LINK:

https://zoom.us/webinar/regist...

**Please note pre-registration using the link above is required in order for the Zoom link to be delivered to your email.**

I see some familiar names in the BiggerPockets RSVP's that I don't see signed up for the webinar via Zoom. Make sure to register so you get the link!

https://zoom.us/webinar/regist...

For those who have RSVP'd here, make sure to also RSVP using the Zoom link in order to make sure you get the calendar invite.

Bumping this, what’s going on with CRA these days?

What do people want to talk about this month? I have some topics in the hopper, but am curious to hear what everyone wants to cover.

Definitely hear the cash flow argument as well. Regarding BP content, Brandon also focusses largely on the Midwest where properties trade at 8-cap's and cost $250,000 or less. The reality is that unless you push far outside Boston you just aren't going to find those type of numbers in Massachusetts. Also, there's big institutional money and deep-pocketed investors swooping into cities and buying breakeven deals in major metros all across the country at sub-4.5-cap's. And as an individual investor you can generally get better loan terms than them! So if they can justify a 4.5 cap, I think we as individual investors should take a look, too.