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General Area in Boston : Real Estate Advice

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  • Local Info121
  • Home Buying451
  • Home Selling54
  • Market Conditions33

Activity 47
Djn21baseball, Home Buyer in Boston, MA
Tue Dec 6, 2016
Djn21baseball asked:
Individual ($50M). I am wondering in Boston where you guys would suggest to invest and get a positive return? Thanks
0 votes 0 Answers Share Flag
Lwassermansi…, Home Buyer in Boston, MA
Thu Jun 23, 2016
Lwassermansivan asked:
Rick Baker, Real Estate Pro in Braintree, MA
Tue Apr 14, 2015
Rick Baker answered:
Congrats on the upcoming move and baby! A couple of great places to look would be Arlington (can take Massachusetts Avenue into Cambridge); Belmont, Watertown, and Brookline. You should be able to get a nice 2 bedroom rental for $2k a month in those areas. Good luck with your search and move.

Rick Baker
857-267-1956
RickBakerRealtor@gmail.com
... more
0 votes 5 answers Share Flag
Rick Baker, Real Estate Pro in Braintree, MA
Mon Apr 13, 2015
Rick Baker answered:
That's a difficult question to answer without knowing more specifics, such as what is the cost of the property you are buying; how much money are you putting down as a down payment or if you're paying cash; and what can the property be rented for. As an example:

You buy a property in Sharon for $500,000 and pay cash so you have no mortgage payment. The property can rent for $3,000 per month. Taxes on the property are $9,000 per year. You would receive a return on your investment (ROI) of 5.4%.

Now if you buy that same property in Sharon for $500,000 and only put 10% down ($50,000). Interest rates are 3.9% for a 30 year fixed. The property can still rent for $3,000 per month. Your mortgage payment is $2,122.51 per month. Taxes on the property are $9,000 per year. In this scenario, you would receive a return on your investment (ROI) of 3.1%.

As you can see the property price, taxes, rental amount, and whether you pay cash or finance can all make a difference on the return on your investment.

Please contact me if you have a specific property in mind and I would glad to help you determine if the numbers make sense for you.

Thanks,
Rick Baker
Cusack & Associates
857-267-1956
RickBakerRealtor@gmail.com
... more
0 votes 1 answer Share Flag
James Cole, Real Estate Pro in Westwood, MA
Tue Jun 3, 2014
James Cole answered:
West Roxbury is a great area, close to the city. It feels like a suburb within the city. Roslindale is also a great up and coming area.

All the best!
0 votes 6 answers Share Flag
kgva1428, Home Buyer in Boston, MA
Sun Apr 27, 2014
kgva1428 answered:
Arlington, Belmont and Lexington would be great choices. Also Newton and Brookline although traffic can be brutal to Cambridge from any direction. When are you planning to move-in?

Drop me line about your situation.

Rita Lapsys/Realtor
Boston Real Property
... more
0 votes 1 answer Share Flag
Sam Ho, Real Estate Pro in Braintree, MA
Fri Apr 25, 2014
Sam Ho answered:
Many good school towns are actually in the west side of Boston. Wellesley and Newton for instances should match what you are looking for, depending on your budget.
0 votes 16 answers Share Flag
Nancy Kueny, Real Estate Pro in Charlestown, MA
Fri Feb 28, 2014
Nancy Kueny answered:
Southie and Charlestown are very different. The population of Charlestown is less than half that of South Boston. Charlestown is about a mile square, so much smaller. Both are contiguous to downtown Boston with Charlestown to the North. Southie has a more vibrant restaurant scene, but Charlestown has a much tighter neighborhood feel, and you are never far from services and restaurants. I have been an agent for 20+ years, and I live in Charlestown, so I am a little bit partial, but I think it depends on the 'vibe' that you are looking for. Charlestown is a mix of young couples with kids and young professionals, as well long time residents and has become a spot where familiesdecide to 'stay' in the City.

Nancy Kueny
Nancy.Kueny@SothebysRealty.com
... more
0 votes 16 answers Share Flag
Moy Lopez, Real Estate Pro in Quincy, MA
Wed Jan 29, 2014
Moy Lopez answered:
Boston Segway might be the right kind of tour for you guests. Its fun, active and a great way to see the city upclose. I have tried it in San Francisco and Philadelphia ( cheese steak tour). Its easy to learn how to ride these things even for a cluts like me. Not for small children. Great for teens ( they'll even stop looking at their phones). Its a fun tour even for the locals. ... more
0 votes 4 answers Share Flag
Angela Guo, Real Estate Pro in Brookline, MA
Tue Oct 22, 2013
Angela Guo answered:
In most cases if your son has given a deposit and turned in an application and were accepted but then voluntarily chose to back out there may be an issue. Typically the deposit is only refundable if the Landlord chooses to reject the tenant. The realtor should have explained this to your son. Ask to speak to the agent and see if there is anything that can be done. If you find a suitable replacement you may be able to get your money back.

Good Luck,
... more
0 votes 5 answers Share Flag
Matthew,  in Boston, MA
Wed Oct 2, 2013
Matthew answered:
Hi Amy,
This is Matthew with Goodrich Residential. I am happy to assist you in looking for an apartment. Are you looking for a room in an apartment, or looking for your own? When are you moving to the area?

Regards,

Matthew D. Watstein
Sales/Leasing Agent
Goodrich Residential, LLC
www.goodrichresidential.com
Office number - 617.264.0101
Cell number - 617.548.5550
Fax number - 617.849.5818
... more
0 votes 4 answers Share Flag
Territory.c…, Real Estate Pro in MA,
Fri Jul 12, 2013
Territory.com answered:
Seems right but also appears you were not made aware of the commission prior to signing. If you feel blind sided by this cost it might be worth approaching the agent and the broker and see if they can't meet you in the middle on commission or some other kind of concession in good faith.

Good luck!

Territory Real Estate
Massachusetts Destination for Home Buyer's
617 848 5407 ext 704
... more
0 votes 15 answers Share Flag
Lori Davis, Real Estate Pro in Boston, MA
Thu Jun 13, 2013
Lori Davis answered:
There are many towns near Boston that have ocean views. Most of them are very expensive but I have found that Quincy is relatively close to town and has public transportation and reasonable priced. ... more
0 votes 8 answers Share Flag
Michael Ferr…, Real Estate Pro in Pacific Palisades, CA
Wed May 8, 2013
Michael Ferretti answered:
I've sold properties in Fort Hill, Roxbury. Fort Hill is great. But just as an alternative, you might want to consider 81 Westminster Ave. http://www.81Westminster-C.com

Michael A.J. Ferretti
DuPont Street Realty Advisors
(310) 896-5003 - Los Angeles
(617) 306-8990 - Boston
http://www.DuPontSt.com
Lic# CA01874839 / MA9053588
... more
0 votes 3 answers Share Flag
John Dean, Real Estate Pro in Somerville, MA
Mon Feb 18, 2013
John Dean answered:
Wow could this be anymore of a broad question.

Sons of Liberty
Freedom Trail
Liberty Hotel
Union Oyster House
Paul Revere
North Church
HP Lovecraft

The list goes on and on and on ... more
0 votes 9 answers Share Flag
Rafael Herna…, Real Estate Pro in Roslindale, MA
Sun Dec 30, 2012
Rafael Hernandez answered:
You can search our rental database at www.realtyaplus.com/rentals/ or on mls via our site at www.raltyaplus.com/buy/ and just search rentals instead of sales. Look forward to helping you in your search. ... more
0 votes 9 answers Share Flag
Marcus Guerr…, Real Estate Pro in Boston, MA
Fri Dec 21, 2012
Marcus Guerrier answered:
There are 18 neighborhoods, Harbor Point, Uphams Corner, Jones Hill, Savin Hill, Meeting House Hill, Mount Bowdoin, Four Corners, Fields Corner, Pope's Hill, Neponset, Port Norfolk, Adams Village, Peabody Square, Ashmont, Lower Mills, Codman Square Franklin Field & Cedar Grove. All of these places are T accessible most of which are connected by either the highspeed trolley or the Redline T. The others are along major bus routes that either connect to Ashmont, Dudley or Ruggles. ... more
1 vote 3 answers Share Flag
CH Naamad, Real Estate Pro in Boston, MA
Mon Dec 10, 2012
CH Naamad answered:
Anyone who owns a parking space can sell it to you.
You do not need a broker in this transaction; however, a broker is highly recommended, as they will find the space for you and guide trough the whole process.
buying a deeded parking space is the same as buying a condo. Please make sure that you do have a good counsel on your side.
Best of luck
... more
0 votes 7 answers Share Flag
Erin Kelly, Renter in Dorchester, MA
Fri Oct 5, 2012
Erin Kelly answered:
The thing about Dorchester is that neighborhoods themselves can vary from BLOCK to BLOCK. To brand certain neighborhoods as safe or unsafe isn't entirely accurate. I think to brand a given neighborhood as "bad" is far more harmful in the long term to recovery. ... more
1 vote 5 answers Share Flag
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