One of the first decisions that you must make as a landlord is whether to offer/require a lease or tenancy at will. There are pros and cons to each, so it’s important to understand them and how they may impact...
I currently own my dream home! It’s a beautiful 5 bedroom home with 2-car garage on almost half an acre. I didn’t think I could purchase such a home. Ultimately, owning a multi-family helped me afford my dream home. I...
It’s a hot real estate market. With more and more people realizing the benefits of real estate ownership as an alternative to the stock market or as a way to diversify portfolios, demand for properties is higher than ever. Throughout...
First time buyers often look to condos as a first purchase because they’re more affordable than single family homes. However, when you add in condo fees, potential assessments, and other factors, it may not be so ideal. Multi-family homes are...
Rental laws in Massachusetts are pretty strict and tend to favor tenants. If you are purchasing your first rental property, it’s important to know what you should and should not do. As a start, here are some of the most...
Your time is precious. Whether you own and manage several multi-families properties or have just purchased your first one, efficiency is key to profitability and return on investment. Long gone are the days of placing an ad in the newspaper,...
With interest rates at an all time low, refinancing your mortgage can save a significant amount of money. Income calculations for rental properties differ from traditional income sources. The type of property and what tax schedule is used to report...
There are two different ways to report rental income on your federal tax return. Each has a different impact on your taxable income and taxes owed, so it’s important to have a basic understanding of the two options. Below is...
If you already own a single family home and are looking to build your real estate portfolio, multi-family properties are the next logical step. They provide rental income and the opportunity to build equity. If this is your first multi-family...
FHA mortgages are very popular for buyers looking to live-and-rent (live in one unit and rent the others). Unlike typical investment mortgages that require 25% down, down payments can be as low as 3.5% for an owner occupied multi-family. This...
Cape rate is one of many ways that you might evaluate an investment property. It can be indicative of property class. We include cap rate estimates for all properties on our website. Understanding property cap rates can help you quickly...
There’s a wide range of investment properties on the market. Properties are grouped into classes (A, B, or C) to identify their characteristics and level of investment risk and return on investment. Understanding these classes can help you select the...