Lance has been out there looking at a lot of property. Today we saw a 15 unit that we’ll be putting a video out for later in the week. There’s also an 8 and a couple of 4s. For now I’ve got these 2 families. One of these is a bank owned property that is in great condition and the other is an estate sale. Neither one of these requires very much work and either would be good for a new investor just starting out.

In the Boston area you’ve got to build equity first and worry about cash flow late, that is just the way it is. If you want cash flow go buy in upstate New York or in Iowa. Either one of these is a good bet for building equity over time. The bank owned property last sold for $499,000, now it’s at $319,000. Bet your bottom dollar that in surprisingly few years it will be up into the $400s again and you’ll be saying “I could have bought that for $300!” such is the nature of the market.

As Baron De Rothschild said “When there’s blood in the streets, buy property” - I think he knew a thing or two -don’t you?

Call Lance direct at (781) 507-9509 for details or a showing