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Meet Your Cambridge, Somerville & Medford Real Estate Expert!

Taylor Johnson is your local real estate specialist for the Cambridge, Medford & Somerville areas. He has a deep understanding of the community, it’s people and the real estate in these particular areas. Watch Taylor’s short introduction video! You can reach Taylor directly at Taylor@MandrellCo.com

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Choosing A Real Estate Investing Partner? Consider These Factors 1st

Real estate can be expensive, a lot of work, and difficult to acquire. Partnering with another investor can be an excellent way to break into the business or continue your portfolio growth. But before you grab just any partner, here are four factors you must consider.

What are your timeline?
When investing in real estate with a business partner important consideration is your investment time. For example, if you are age 55 and investing for cash flow to supplement your retirement, while partnering with someone age 35 who is investing for long-term appreciation and portfolio growth, this partnership may not work out. You may be looking to sell the property and cash out in 10 years while your younger partner may be looking to hold on a bit longer. Not to say that you can only invest with people your age, but this is definitely a discussion you should have from the start of your venture. Even business partners of the same age should have the timeline discussion.

What are your investing goals?
Are you investing for cash flow or appreciation? Are you looking to invest in the city or suburbs? Locally or out of state investments? Are you looking to be active or passive with your rental property? Are you looking to buy a couple properties or build a large portfolio? These are some of the questions you and your potential business partner should ask each other before putting a deal together. If you, for instances, want to self manage a couple multifamily homes, while your potential partner wants to purchase a 50 unit building in a neighboring state, there is going to be a disconnect down the road.

Is this an ethical person?
There are a lot of choices to make when dealing with investment real estate and you must know that your partner is making decisions that are ethical, moral, and within the law. Is he or she creating a win-win when dealing directly with a seller? Does he or she avoid discriminatory practices when dealing with tenants? Is he or she truthful when dealing with loan officers? The things your partner does or doesn’t do will directly affect real estate and relationship you have together.

What do each of you bring to the table?
Experience, cash, and time are the three big factors that any one partner can bring to the investment table. You may have one partner who has years of experience investing in real estate, but lacks the additional investment capital for the current deal. If you partner this individual with someone who has cash and wants to learn more about the business, this may be a match made in heaven. What are your strengths and weaknesses? What about your potential partner? Have this critical conversation early on in the process. One person brings significantly more to the table than another partner, this doesn’t necessarily mean the partnership won’t work. Maybe the equity ownership within the property is divided accordingly.

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5 Need Funding For Flips? Here Are The Top 5 Hard Money Lenders In MA

Are you looking for funding for you local real estate flips? Great, Below is a list of the TOP 5 HARD MONEY LENDERS in the Massachusetts area. If you have a deal pending, or would like to get more information about working with these lenders, please contact Doug Medvetz at 617-297-8641.

Endeavor Capital is a “direct” real estate lender that has been providing investors with immediate access to short and intermediate-term commercial loans for over 15 years. Endeavor serves a growing need for experienced investors looking for creative, situational financing within a tight time frame to fund acquisition, construction, and other investment projects.
Unlike commercial banks, Endeavor makes asset-based lending decisions that focus on the financial strength and underlying value of the collateral that secures the loan and not on the credit history of the applicant. The length of these loans is generally between six months and two years for amounts ranging from $100,000 – $10,000,000.

Conquest Capital specializes in private lending secured by real estate. We work with experienced real estate developers and investors primarily in Massachusetts and California to finance the acquisition and construction of non-owner occupied residential properties. The firm’s principals have a combined 30 years of experience in all aspects of real estate lending and investing. Having spent years developing real estate prior to launching the firm, its principals have built Conquest’s private lending platform from the ground up. Since the firm’s inception, its principals have consistently invested their own personal capital into its lending projects alongside its investors.
Conquest Capital’s core investor base consists of individual as well as institutional investors. Our mission is to provide investors with attractive current income and total returns while remaining focused on capital preservation. We aim to deliver real value to investors and to outperform the returns of other secured investments in the marketplace.

Commonwealth Equity Funding is a direct collateral based private real estate portfolio lender with over 50 years of collective experience. We provide investors with bridge financing to purchase, refinance, construct, or renovate their residential and commercial investment properties when traditional lenders cannot perform in a timely manner. Our fast, flexible, and creative financing solutions provide borrowers with near immediate approvals on asset based loan scenarios. Our common sense lending guidelines are solely based on the underlying equity present in the real estate we are securing, the likelihood of default, and the marketability of the property. We use stringent loan to value guidelines and have a hands on approach to our loan investments. Origination, processing, funding, and loan servicing are all handled by our in house team. This allows us a unique understanding of our borrowers and loan portfolio at all times. Our reputation speaks for itself by the repeat clients that choose us for their financing needs year after year.

Grand Coast Capital Group is a national private lending firm based in Boston, MA that provides creative, short-term financing to real estate investors, builders, and developers across the country. As a direct lender, Grand Coast has the ability to analyze and fund loan requests very quickly in order to meet time-sensitive transactions.
Grand Coast finances residential, commercial, industrial, and multi-family properties as well as entitled land, with a primary emphasis on 1-4 unit residential properties. We do lend in all 50 states, but with a particular focus on the Northeast Region and Southern California, in addition to targeting experienced local investors and operators in their perspective markets.
Grand Coast targets lending opportunities that do not necessarily fit within the parameters of conventional bank financing either due to time constraints, complexity, or value-added nature of the transaction. We primarily make first-position mortgage loans with a maximum loan-to-value of 75%. Our typical loan size ranges from $100,000 — $3,000,000.

The Raymond C. Green Companies offer creative, short term financing to builders, developers, and real estate investors throughout New England and Florida. We specialize in providing fast, flexible and reliable alternatives to traditional bank financing. We recognize the importance of customer service, building strong relationships, and QUICK CLOSINGS.
We provide financing for the construction of single family homes, subdivisions, renovation projects, condo conversions, condominium developments, bridge loans, permitted land development, commercial properties, DIP (Debtor in Possession) loans and more.
We are proud to have delivered over 50 years of professional service and look forward to earning your business.

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Right now is a great time to be in the Massachusetts house flipping business! Real estate prices are seeing steady growth and home buyers are feeling comfortable again. The key to success in the rehabbing business is to have a great team of industry professionals around you.  There are so many steps involved in from the initial purchase of the property to the final sale, that you would be wise not to do it all yourself. The best flippers in the business build a good team of experienced people they can trust and that are experts in their areas of the business. Two industry professionals every rehabber must have in their corner are a good Real Estate Broker and a Money Man… a source of quick capital.

There are many real estate agents out there but only a few that truly have the experience and understanding of the Massachusetts house flipping business. You’ll want to find an agent or team of agents that understand what an investor is looking for and can locate homes that are potential flip candidates. The real estate agent you want is the one that can immediately see potential in a rehab project but can also steer you away from potential trap properties. The team member you’ll want can help you determine the property’s ARV (after repair value), has experience with the construction process and can help you determine the proper finishes buyers are looking for in for in that particular neighborhood. A good Realtor understands you’re in the business to make a profit and will often run the numbers themselves prior to bringing you a deal. This saves you a bunch of time from checking on properties that don’t make financial sense.

Having a good private or hard money lender by your side is also curial to your success. Many of the best deals come from sellers who need out of their homes quickly. Having access to quick cash give you the ability to close sooner and make your offer more attractive than someone searching for financing. Often rehab homes are in such bad shape that banks will not loan on the property and the seller absolutely needs to find a cash offer. The best way to find money sources is through networking with other investors and industry peers. You ideally will want to make some early connections so when you have a flip deal presented, you already have the mean to pursue it.

Want to build a good team of professionals quickly? Join a local real estate investment group. Two great groups in Massachusetts are Boston Wealth Builders and Metro West Real Estate Investors.  Join one or both groups and meet local real estate investing professionals. Find money sources, contractors, suppliers, legal representation and more. You can also meet other investors who could potentially become partners in your house rehabbing venture.  

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322 Warren Street, Roxbury MA

This is a completely renovated 3 family brick home. Building offers two 2 bedroom apartments and one very nice 1 bedroom 3rd floor unit. The entire building in being completely remodeled and will include, new heating, updated electrical, new roof, hardwood flooring and much more. First floor apartment has private terrace in back of house and the home has tons of exposed brick and beautiful woodworking throughout. Market rents for these units are $1450-$1500 for the 2 bedrooms and $1350-$1400 for the 1 bedroom with roof deck. Each of the units will bring in top dollar and rent in a matter of days!  This is a great long-term investment or lovely home for owner occupant.  List price of $475,000

Renovations are scheduled to be complete mid July. Get it now before it hits the market! Email or call for more information! 617-297-8641 or Willie@MandrellCo.com

13 Unit Multifamily Portfolio, Worcester MA – 3 & 4 Unit Buildings

Worcester Investor looking to sell his 13 unit apartment portfolio. He’s looking for approximately $65k per unit if entire lot is purchased. He may be willing to sell individual buildings for the right price.  Most of the units are 3 bedrooms apartment s and collecting $850 per month. The 2 bedrooms apartments are collecting $750. All the tenants pay their own utilities and heating is gas.

Addresses are as follows:

·         9 Diamond St. (Vernon Hill) 3 units

·         157 Perry Ave. (Vernon Hill) 3 units

·         70 Rodney St. (Bell Hill) 4 units

·         97 Eastern Ave. (Bell Hill) 3 units

Serious buyers only please. Please be prepared to show proof of funds.

Please call or email me for more information. Willie@MandrellCo.com or 617-297-8641.

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