investment property: Agent showing buyer a foreclosed house, finds a crew removing the copper! - 10/14/11 03:29 PM
Today, one of our agents was showing a foreclosed multifamily investment property to a potential buyer... it was listed with a brokerage that handles a good many foreclosed properties in that area...
When they arrived to view the property, which was being handled with a lock box, a van had just pulled up in front of the house, and the crew was banging open the rear door to get in... they were intending to remove all the copper from the house, from what the agent overheard. That would include the pipes, furnace liners, hot water boilers, and heating radiators, among other … (9 comments)

investment property: Investing In Residential Property - 12/16/09 11:39 AM
 
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investment property: Buying and Financing Investment Property in Rhode Island - 12/15/09 11:14 AM
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investment property: Cost Effective Property Management: Why use a property manager? - 12/15/09 11:07 AM
There are several benefits you get from hiring a property management company. They include assessing the best possible rent for the property, calculating accurate income and expenses on the property, staying current on the legal environment and maintaining the asset.
Deciding to hire a property management company is only the first step. Finding the right company that's matches your goals for running your rental is the next critical consideration.
There are several questions to ask any commercial property management company before entering into a contract with them:
How long has the company been in business? What types of … (3 comments)

investment property: Investors market in RI - 11/11/08 03:21 PM
There has not been as good a time for investors to pick up property in RI since the Navy Base in Newport lost the fleet... interest rates are still low, and may be going lower as the credit fix gets underway and mortgage backed security prices rise due to government intervention... this will likely decrease rates down to the levels of a couple of years ago... at least for the Holiday season and into quarter 1 2009.
In addition to this, RI has seen radical decreases in housing prices over the last year or so... and we believe that this trend … (1 comments)

investment property: Hot time, Summer in the City... - 07/03/07 01:27 PM
It appears the home buyers are active, and so are the investors, at least in our markets of Rhode Island & Southeastern Massachusetts.
For every 5 houses shown by our buyers agents, at least 1 is bank owned! While purchasing a bank owned property can be tedious, some of the deals out there are fabulous. Last month we sold a property that comped out at $350K for $197K... great deal! Needed some work, but only minor things...
The investors are picking the cream from the crop of house inventory as well. Our investor pool is active, and growing (thanks to referrals from … (0 comments)

 
Paul Silver, Rhode Island full service real estate firm (Focus Professionals, Inc. Rhode Island Real Estate) Rainmaker large

Paul Silver

Rhode Island full service real estate firm

Newport, RI

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Focus Professionals, Inc. Rhode Island Real Estate

Address: PO Box 356, Portsmouth, RI, 02871

Mobile: (646) 522-2262

Office: (401) 293-0631

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