For many people real estate is thought of as a home, the idea of purchasing, selling, or renting their home. However, for others real estate is an investment and a business.
Recently we've had a couple investment properties go up on the market so I thought this would be the perfect opportunity to discuss the benefits of investing in real estate. To begin with it provides an alternate income. It may seem like you're pouring a lot of money into purchasing a building and possibly putting some work into it, but with the price of rent in Boston and if you have a prime location then you will have no problem keeping up with your mortgage and paying off your building in no time.
Naturally you must have a plan in place, the financials to back everything up, and the willingness to dedicate time and energy to your investment. It's overwhelming now, but if you're methodical and careful you can set up a great system and see the true benefits of investing.
Currently 103 Myrtle, a 3-unit building, and 12 Bay State Road, an 8-unit building, are both on the market. We've had a lot of interest in both units and we're excited to hear such positive feedback about the buildings. They both offer amazing locations and are prime real estate investments.
For more information on real estate as an investment or to see Boston buildings you can call us at (617) 236-0353 or check out our website http://thecharlesrealty.com.