Boston's # 1 Real Estate Investors Association and Community

Dear Boston Members and Friends,

As an investor it is critical to build your network of resources.  How else are you going to grow your portfolio? Where can you find local, trustworthy people that can potentially make you an enormous success? There is no better way of doing so than joining Boston REIA!

Just because we are still under Covid restrictions, doesn’t mean you have to stop networking!

Boston is still holding our Monthly Real Estate Investor meetings…virtually.  We are still providing Legislative and Educational programs and workshops…virtually.  You can stay connected with us in various ways… Facebook, Sign up for Emails, Attend our Online Events or just give us a call from time to time to check in!

Looking forward to “seeing” you soon!
Boston REIA

The Power of Clearly Set Goals in Real Estate
“Your goals today will largely determine what your portfolio looks like 20 years from now, and thus your lifestyle.”
By Lou Gimbutis, Chief Homebuyer, Property Solutions, LLC

Goal setting is integral to success in any field of endeavor, but particularly in Real Estate Investing.  While differing strategies can certainly pay off very quickly, the greatest benefits come to those who buy property and hold on to it for a long, long time.  Rents tend to rise over time, correlating roughly with inflation, but your mortgage payment will stay the same.  Then, after years of watching rents rise, on one glorious day you will find that your tenant has fully paid off the house.  It is extremely hard to find someone who has owned income real estate for over 20 years who is not doing extremely well financially.  Your goals today will largely determine what your portfolio looks like 20 years from now, and thus your lifestyle.  Continued…

  Yardi Matrix
U.S. Multifamily Outlook
Winter 2021The pandemic continues to burden multifamily rental housing as rents continue to fall and more pain is coming, Yardi Matrix says in their U.S. Multifamily Outlook for winter 2021.‘After a year ravaged by a global pandemic and political division, nothing would be more satisfying in 2021 than a return to normal” … but “it will take some months to get most of the country vaccinated and get businesses operating as normal,” the report says. Read the Full Report
Three Reasons Your Furnace Cycles on and off Frequently 

Have you ever thought “Why does my furnace keep shutting off?” You are not alone. This is a very common problem that if not diagnosed and corrected immediately could result in higher utility bills and major furnace repairs. Or even a furnace replacement if it’s left for too long.

When your furnace is cycling on and off, it’s called furnace short cycling. Below we go over some of the more common causes why this might be happening.
Read the Full Article

 Working from Home Propels Home-Buying Boom in Master-Planned Communities
Rental Housing Journal:  January 26, 2021

Working from home has proven to be a sweet freedom amid a year of COVID-19 restrictions, as there has been a home-buying boom in master-planned communities, according to John Burns Real Estate Consulting.

“For many, work-from-home flexibility eliminated the need for proximity to an office. The usual trade-off between a dream home and a dream job evaporated, as quickly as a ready supply of toilet paper,” write Burns consultants Jody Kahn, Devyn Bachman, and Nicole Luszczak.

“Master plans’ new-home sales boomed across the country as work-from-home opportunities became permanent for many, and commute times became a drudgery of the past. Our consulting associates connect this newfound flexibility to skyrocketing sales in 2020.”  Read the Full Article

The National Association of Realtors is reporting that existing home sales were up 0.7% in December to a seasonally-adjusted annual rate of 6.76 million (up 22.2% from one year ago).  Total housing inventory at the end of December was 1.07 million units, down 16.4% from November and down 23% from one year ago.  Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace with properties remaining on the market for around 21 days. The median existing-home price for all housing types was $314,300, up 13.5% from December, 2019.

Read the Full Report

EQUITY TRUST
Virtual Self-Directed IRA/401 (k) Mastery Class
Saturday, February 20th, 2021  9am-10:30am CT

Join us for this free Virtual Self-Directed IRA/401(k) Mastery Class!  Equity Trust reveals ways to find more funding and potentially save on taxes on your next real estate investment.  Details

National REIA is a 501(c)6 non-profit association that has been representing the real estate investing industry for over 35 years. 
With over 40,000 members and 120 local Chapters and affiliates, we are housing providers that help to rebuild communities, one house at a time.  We thank our industry partner Home Depot for their support.  To learn more visit www.nationalreia.org
Stay up to date:
National REIA stays on top of important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

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