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Buying Rental Properties Massachusetts

Investing in real estate can be a path to a lucrative future, but when you’re just starting out there are many things to consider to determine if this is the right course for you.

Local Companies

Stonegate Group
(508) 655-1700
83 Speen Street
Natick, MA

The Warren Group
(617) 428-5100
280 Summer Street
Boston, MA

Tishman Speyer Properties
(617) 342-7500
125 High Street, 14th Flr.
Boston, MA

Edens & Avant
(617) 369-6600
21 Custom House Street, Ste. 450
Boston, MA

Saint James Real Estate Advisors
(617) 426-6666
10 High Street, Suite 701
Boston, MA

CB Richard Ellis / N.E. Partners, L.P.
(617) 912-7000
33 Arch Street, 28th Flr.
Boston, MA

Extell Boston Harbor LLC
(617) 737-4440
One International Place, 14th Flr.
Boston, MA

The Congress Group
(617) 897-7200
33 Arch Street, Ste. 2100
Boston, MA

Lincoln Property Company, Inc.
(617) 951-4100
225 Frankin Street, Ste. 2310
Boston, MA

Crowley Associates
(617) 350-6135
355 Congress Street
Boston, MA

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Investing in real estate can be a path to a lucrative future, but when you’re just starting out there are many things to consider to determine if this is the right course for you.

Many newbie investors think they’ll create overnight wealth. Often they forget to budget for miscellaneous expenses that can break the bank if they’re not prepared. Or worse, newcomers get stuck with properties they thought were going to be cash cows, but because they’re burdened with excessive maintenance needs, the properties end up only draining their pocketbooks.

Following a well-thought-out plan will help you in the real estate game. The first step is to have funds for a down payment, typically upwards of 10 percent. However, if you buy, say, a duplex and live in one-half of it you can qualify for better loans with less money down, even no down payment.

“For one to four units the loans are treated like a single-family residence. Whether it’s a duplex, triplex or a fourplex, you can virtually use the same type of loan. There is non-owner occupied and owner occupied. Most people go with owner occupied loans so they get the most beneficial rate,” says David Rosenfeld, owner of Advantage Real Estate in Santa Monica, California.

But when you’re first getting into real estate investment, is it better to buy a multi-unit or a single-family home?

“If people want to get into this market they have to have a plan and the plan is what do I want my money to do for me? If the answer is I don’t need a huge return now, but I want a big return later, then you get in and you try and find the lowest priced property, in the best neighborhood, in the best shape and you do the best you can with that formula,” says Rosenfeld.

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Featured Local Company

Stonegate Group

(508) 655-1700
83 Speen Street
Natick, MA

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Related Local Event

Urban Land Institute Spring Council Forum
Dates: 4/14/2010 - 4/16/2010
Location: John B. Hynes Veterans Memorial Convention Center
Boston, MA
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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History