Category: Boston Lessons
$42,750 Per Bedroom in Dorchester
January 5th, 2009Here's another Dorchester property that was submitted by a user that we will use as a teaching tool for our Boston, Massachusetts Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 8 Ceylon St, Dorchester, MA 02125.
This 3/1.00 1,144 square foot property has an asking price of $128,250, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $153,900 (120%) | $51,300/bedroom |
| $147,488 (115%) | $49,163/bedroom |
| $141,075 (110%) | $47,025/bedroom |
| $134,663 (105%) | $44,888/bedroom |
| $128,250 Full Price | $42,750/bedroom |
| $121,838 (95%) | $40,613/bedroom |
| $115,425 (90%) | $38,475/bedroom |
| $109,013 (85%) | $36,338/bedroom |
| $102,600 (80%) | $34,200/bedroom |
As you can see from the table above, if you know that rents in Dorchester can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Finding great deals in Boston takes a lot of persistence. Usually you will have to look through many potential deals before you find the one that you want to invest in. A way to accelerate this process is to have an investor friendly real estate agent in your corner helping you out by sorting and sifting through additional deals for you.
Sincerely,
James
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Boston Distressed Property: $57.65 Per Square Foot
December 21st, 2008We just had a researcher submit some very basic information about a house for sale in Boston to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Boston, Massachusetts Real Estate Resources is located at 318 Fuller St, Boston, MA 02128.
This 3/1.00 1,039 square foot property has an asking price of $59,900, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $71,880 (120%) | $69.18/square foot |
| $68,885 (115%) | $66.30/square foot |
| $65,890 (110%) | $63.42/square foot |
| $62,895 (105%) | $60.53/square foot |
| $59,900 Full Price | $57.65/square foot |
| $56,905 (95%) | $54.77/square foot |
| $53,910 (90%) | $51.89/square foot |
| $50,915 (85%) | $49.00/square foot |
| $47,920 (80%) | $46.12/square foot |
As you can see from the table above, if you know what a typical Boston property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
You may also be interested in looking over our Initial Call Back Script for talking to motivated sellers. If you are putting out marketing in Boston to find motivated sellers, then you definitely want to be ready to talk to them when they call.
Sincerely,
James
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What Would a 3.1% Appreciation Rate in Boston Mean?
December 8th, 2008Here's another Boston property that was submitted by a user that we will use as a teaching tool for our Boston, Massachusetts Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 73 Waverly St, Boston, MA 02128.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 3.1% | |
| At Purchase | $97,145 |
| Year 1 | $100,156 |
| Year 2 | $103,261 |
| Year 3 | $106,462 |
| Year 4 | $109,763 |
| Year 5 | $113,165 |
| Year 6 | $116,673 |
| Year 7 | $120,290 |
| Year 8 | $124,019 |
| Year 9 | $127,864 |
As you can see from the table above, if we assume an appreciation rate of 3.1% per year, then the property value eventually reaches $127,864 after 10 years.
You may have noticed as you look around Boston, Massachusetts Real Estate Resources that we place a heavy emphasis on cash flow. That's because without it, you aren't making any money in your real estate business. If you're interested in learning more strategies for increasing your bottom-line through better cash flow, check out The 7 Steps To Cash Flow Riches.
Until next time,
James
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Boston Real Estate Deal: $1,000 Per Bedroom
December 2nd, 2008We just had a researcher submit some very basic information about a house for sale in Boston to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Boston, Massachusetts Real Estate Resources is located at 25 Alpine St, Boston, MA 02126.
Since this 1 bedroom, 1.00 bathroom property has an asking price of $1,000, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $1,200 (120%) | $1,200/bedroom |
| $1,150 (115%) | $1,150/bedroom |
| $1,100 (110%) | $1,100/bedroom |
| $1,050 (105%) | $1,050/bedroom |
| $1,000 Full Price | $1,000/bedroom |
| $950 (95%) | $950/bedroom |
| $900 (90%) | $900/bedroom |
| $850 (85%) | $850/bedroom |
| $800 (80%) | $800/bedroom |
As you can see from the table above, if you know that rents in Boston can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Consider this: if you receive two advertisements in the mail - one that has been mass produced and one that appears to be written by hand - which are you more likely to read? Well...if you'd like your marketing message to come into the hands of potentially motivated sellers with this same advantage over the rest of the stuff they get in their mailbox everyday, then you need to check out Jassen's Audio CD Buying Houses with Hand Written Letters. The team at Boston, Massachusetts Real Estate Resources has used this technique many times in several diffent markets - trust us - it works.
Until next time,
James
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Daring Dating Lands Property
November 2nd, 2008Pro or green, before seeking real sustenance, a.k.a., those fantastic end results reaped from real estate (RE) property, first think and feel things out. This new kind of romancing relationship reshapes your future and your whole life, in levels you can't imagine. Successful investing in RE is just like serious dating for marriage, no matter what kinds of properties interest you. It's not at all about how the house is going to make you look, but is about how it's going to make you feel. The secret is, for as long as you're together, your property becomes your secret partner. Think about it. The more you work with and not against the character traits of your property, (such as mortgage calculation, pre-existing conditions, inspections, and the positive qualities in a specific property, or your willingness for emotional and financial risk), the greater wealth you'll build.
Surprisingly enough, the first step is visualization. The last step is visualization. This brain play achieves smooth bottom line day to day operations, while creating the perfect nuptials. Imagine it already being yours before you lay out on a particular property that looks good. If you can't feel it or see it, keep searching. Go inside before you go outside - as the property may be all dolled up, yet there is a whammy waiting for you.
Next, as in any good contract, start a real estate journal, for assessing financial requirements and goals. Use it as a calendar, place for notes, feelings, hunches, bank meetings, house meetings, you get the idea. This keeps you on target for your preparations, records success anniversaries, and harbors your real-estate business all in one place. Are you looking for steady income, ala carte quick sell on the side, or do you want to hang on until something better comes along? How much financial and time commitment are you prepared to make? Have you secured your success by knowing the best real estate secrets? What are your actions and reactions when it comes to emergencies? What about pre- and after purchase financials and maintenance?
After mapping out a plan for every possible situation and success, make a date. Put your goals, such as when you will purchase, into a time frame. Strengthen your credit. Get rid of all debt; pay off all cards, personal and business: and get some cash on hand. Next, where do you want to buy property, the States or overseas? Limit your initial search. We'll get to you buying the whole world, later. Tip: Starters buy close at home, first, to be able to give tender loving in-person care, while gaining the wealth of property relationship skill. Great communication is 99% of any great marriage - if you don't know it, learn, research, or ask. Also, build relationships with mentors or business support systems.
The engagement is the physical search. Look on-line and in newspapers, local real estate papers, foreclosure websites, the town paper magazines, Craig's List or Kijiji. Call all of the real estate companies and ask them for their open houses. You aren't going to buy from them, most likely, because the overhead is built in, but updated information keeps you ahead of the game. Ask questions like, “How much would it be to fix this, or what would the city say if I tore that off? I could use a good handyman, who do you use? What's the market like these days?” Put the relevant notes in your real estate journal. Just don't tell the competition what you do, initially. Drive around the neighborhoods where you want to purchase. You can see the end results of other people who invested/purchased while scoping out the area before you buy.
You're ready. You know prices, how to get free money, the design you are looking for, the neighborhood you want, whether you want a house or apartment building, and what the market is in your rental city. You are in love, and have removed all concern as to there being competition. Last, but most important, you're prepared for physical commitment and mental success. Get to know your partner! Order the CD Course below for hit it off real estate secrets. Congratulations!
Check out The 12 Best Things I Learned From A Real Estate Seminar or Course.
Contributed by one of our affiliates Nancelle.
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Boston Distressed Property: $73.39 Per Square Foot
October 26th, 2008I want to share with you some information about a property in Boston located at 8 Rockland Ave. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
I am going to do do some calculations on this Boston property. It is a 4 bedroom, 2.00 bathroom property located at 8 Rockland Ave that has an asking price of $155,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $186,000 (120%) | $88.07/square foot |
| $178,250 (115%) | $84.40/square foot |
| $170,500 (110%) | $80.73/square foot |
| $162,750 (105%) | $77.06/square foot |
| $155,000 Full Price | $73.39/square foot |
| $147,250 (95%) | $69.72/square foot |
| $139,500 (90%) | $66.05/square foot |
| $131,750 (85%) | $62.38/square foot |
| $124,000 (80%) | $58.71/square foot |
As you can see from the table above, if you know what a typical Boston property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Are you ready to get really serious about investing in real estate in Boston? Consider this: the properties that you buy today will create your fortune for not only your retirement, but for future generations as well. If you want a good overview of how to go about building your own real estate empire, then check out Jassen's CD: Buy, Rent, Hold, & Get Rich In Real Estate. Isn't it time to take action?
Until my next post,
James
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Boston, MA Real Estate Investing - Price Per Sq Ft Analysis on Boston Deal
October 9th, 2008We just had a researcher submit some very basic information about a house for sale in Boston to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Boston, Massachusetts Real Estate Resources is located at 89 Condor St, Boston, MA 02128.
Let's look a closer look at some calculations for this 2 bedroom, 1.00 bathroom property located at 89 Condor St that has an asking price of $99,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $119,880 (120%) | $164.44/square foot |
| $114,885 (115%) | $157.59/square foot |
| $109,890 (110%) | $150.74/square foot |
| $104,895 (105%) | $143.89/square foot |
| $99,900 Full Price | $137.04/square foot |
| $94,905 (95%) | $130.19/square foot |
| $89,910 (90%) | $123.33/square foot |
| $84,915 (85%) | $116.48/square foot |
| $79,920 (80%) | $109.63/square foot |
As you can see from the table above, if you know what a typical Boston property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
I also have additional information that Jassen recorded on audio CD on Selecting the Best Real Estate Deals. On the audio CD recording and members only password protected website Jassen covers determining Fair Market Value, how to find comparable sales, an overview of the 3 offers I typically make as well as some other additional information. If you're new to investing in Boston then you may be interested in checking that out as well as the other free articles and resources on the Boston, Massachusetts Real Estate Resources website.
Until my next post,
James
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Brockton Price Per Bedroom Analysis on Brockton, MA Real Estate Deal
October 2nd, 2008I want to share with you some information about a property in Brockton located at 95 Clinto St. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
Since this 5 bedroom, 4.00 bathroom property has an asking price of $194,400, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $233,280 (120%) | $46,656/bedroom |
| $223,560 (115%) | $44,712/bedroom |
| $213,840 (110%) | $42,768/bedroom |
| $204,120 (105%) | $40,824/bedroom |
| $194,400 Full Price | $38,880/bedroom |
| $184,680 (95%) | $36,936/bedroom |
| $174,960 (90%) | $34,992/bedroom |
| $165,240 (85%) | $33,048/bedroom |
| $155,520 (80%) | $31,104/bedroom |
As you can see from the table above, if you know that rents in Brockton can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Are you ready to get really serious about investing in real estate in Boston? Consider this: the properties that you buy today will create your fortune for not only your retirement, but for future generations as well. If you want a good overview of how to go about building your own real estate empire, then check out Jassen's CD: Buy, Rent, Hold, & Get Rich In Real Estate. Isn't it time to take action?
Until my next post,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.