Janet Laughead BHHS Commonwealth Wellesley MA


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You’ve been considering an investment in real estate but are you really ready? Putting your money into something you haven’t done your homework on could be detrimental. You may even have all the tools, but are still straddling the fence. How will you know it’s time? Here are a few signs that indicate you have some ways to go:

Long-term Investment Strategy

If you don’t have one of these, you aren’t ready. Although flipping homes and other elements of getting into the real estate game may seem attractive, all the income coming in is tied to you doing “work.” When you stop doing it, the money stops to. An actual investment strategy means once you’ve found the home, did the work and found the tenants, the income continues rolling in. That means your assets continue to grow year after year.

Finances Need Work

Are your finances in order? That means you’re living below your means and are saving a good amount of your income. How’s your rainy day fund? If you don’t have at least three, six to a year’s worth of expenses that you can quickly get to, investing in something that may not give you a return on your investment doesn’t really make sense.

Insurance

Do you have insurance? It’s important to have at least a term life insurance policy that’s 10 to 12 times your income.

Credit

Unless you have the cash to pay for your investments outright, you need to have a high enough credit rating that allows you to get the financing you’ll need. While your credit doesn’t have to be perfect, it should be good enough and showing indications of improving over time.

Capital

Capital is the name of the game. You should have access to enough capital that will allow you to secure long-term financing to get those properties when you want. Take a look at your risk profile. Purchasing high quality, low-risk property instead of maxing out the capital you have can make a difference. If you don’t have the capital, you’re not ready.

While you’re giving these areas some thought, it’s also a good thing to look at the market. While there are always ongoing talks about a recession, consider the stock market. Which one is riskier? Market stats are usually based on the entire country, but real estate stats are only based on specific cities, properties and neighborhoods. That means even if a recession hits, each property is impacted in its own way.

It’s time to study how to beat a recession if one hits and know the fundamentals. If you have a property that provides significant cash flow now, chances are it will during a recession as well. If you have quality properties in high-demand areas, you can withstand a market downturn. The goal is to make a recession an opportunity if you can. It's time to get things in order. If you purchase the right property in the right area, you’ll be just fine. 



60 South Main, Sherborn, MA 01770

Single-Family

$1,800,000
Price

9
Rooms
5
Beds
5/1
Full/Half Baths
Looking for new construction in a consistently top-rated school district? Eager to select your own finishes? Here's your chance! Exquisite new construction to be built on 2.7 picturesque acres with sidewalk less than a mile to Sherborn Center. Well-respected builder known for integrity and superior quality craftsmanship is ready to start construction on 5 bedroom, 5 1/2 bath home with finished basement. Hardwoods on first and second floors, spectacular Kitchen with 10' island, delightful Sunroom, and magnificent Primary Bedroom with gorgeous bath, two walk-in closets and separate sitting or office area. More details upon request!
Open House
No scheduled Open Houses

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This Condo in Beverly, MA recently sold for $435,000. This Mid-Rise style home was sold by Janet Laughead - Berkshire Hathaway HomeServices Commonwealth Real Estate.


116 Rantoul Street, Beverly, MA 01915

Condo

$435,000
Price
$435,000
Sale Price

4
Rooms
2
Beds
2
Baths
Fantastic 2nd floor corner unit in elevator building at the Depot Square Condominiums. This 2 bedroom, 2 bath condo is conveniently located just steps from dozens of upscale restaurants, cafes, shopping, theaters, night life, as well as having the commuter rail at your back door. All-day sun pours in from its Southwest exposure and the oversized windows. Open-concept living/dining/kitchen with 4-seat breakfast bar. The modern kitchen features granite counters, stainless appliances, gas cooking, soft-close drawers & full-height cabinets. Also, hardwood floors, recessed lighting, 2 walk-in closets, in-unit laundry, deep soaking tub and 2 full-size side-by-side garage parking spaces. Superb concrete and steel construction throughout with solid materials, fast elevator, instant hot-water from central building circulators (no waiting for hot water saving resources) professionally-managed & healthy condo reserves. 15 min walk to Independence Beach





1204 Greendale Ave, Needham, MA 02492

Rental

$2,400
Price

5
Rooms
2
Beds
2
Baths
JUST REMODELED! ALL UTILITIES INCLUDED! Beautiful new wood floors, fresh paint and more throughout this huge 2 bedroom, 2 bath unit. Spacious living room with recessed lighting and wall of floor-to-ceiling windows, including double sliders opening to 20' balcony. Bright white kitchen with new/newer appliances, fresh cabinets, granite countertops and subway tile. Two generous bedrooms with large, custom closets and big windows. Two remodeled baths, including Master Bath with separate vanity/dressing area with additional double closet. Two more double closets in bedroom hallway. Secure building. Laundry and private storage unit in building. Excellent commuter location near 128 and commuter rail. Exceptionally well-maintained complex.
Open House
No scheduled Open Houses

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1204 Greendale Ave, Needham, MA 02492

Rental

$2,700
Price

5
Rooms
2
Beds
2
Baths
JUST REMODELED! ALL UTILITIES INCLUDED! Beautiful new wood floors, fresh paint and more throughout this huge 2 bedroom, 2 bath unit. Spacious living room with recessed lighting and wall of floor-to-ceiling windows, including double sliders opening to 20' balcony. Bright white kitchen with new/newer appliances, fresh cabinets, granite countertops and subway tile. Two generous bedrooms with large, custom closets and big windows. Two remodeled baths, including Master Bath with separate vanity/dressing area with additional double closet. Two more double closets in bedroom hallway. Secure building. Laundry and private storage unit in building. Excellent commuter location near 128 and commuter rail. Exceptionally well-maintained complex.
Open House
No scheduled Open Houses

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