Investment
What is real estate investing?
There are many types of real estate investment property including: residential multifamily, office space, retail, warehouse, industrial, and others. There are many types of real estate investors: short term, long term, quick flippers, renovators, condo converters, buy/hold, appreciation seekers, income stream investors, speculators, and others.
What is Newman Properties looking for?
Newman Properties is an active real estate investment company and we are seeking primarily residential multifamily properties that we can buy and hold for income and appreciation. This is our current concentration but we are looking at and considering potential condo conversions as well as mixed use properties that have retail/office and multifamily residential. Our primary goal changes with the market and economic conditions. Two years ago we were primarily seeking office buildings.
Finding a space for ourselves:
Newman Properties is also looking to buy a commercial office or mixed use building to move our offices. If the right opportunity presented itself we would be willing to develop, renovate and purchase a property we could house our offices in and rent out the remainder as income producing. Our optimal size would be 12,000 to 20,000 square feet in the Brookline, Brighton, Newton, and surrounding communities.
Are you selling something or know of something for sale?
If you own a piece of investment property and want to sell, drop us an email. We are always looking at investments and, even if we pass, we can give you a market opinion on the proeprty worth based on income and on comps. Many multifamily owners are tired of the rent collections and management. Now is a terrific time to sell with the financing available for multifamily residential.
Considering a condo conversion?
Many owners of multifamily properties are considering condo converting their property. They know they would maximize profit but it is a lot of difficult work for a first timer. We can help with everything from consulting, to lending a hand, to taking over the whole project and running the whole thing.
Brokers
If you are a broker and have something you want to present, by all means email or fax it over to us. We look at dozens of opportunities a month but if it is something that is either unique, cash flowing, value added prospect, or will have appreciation in years to come; run it by us. Brokers are always protected and we are happy to sign Confidentiality Agreements.
If you know of a property but don’t own it or you are not a broker
We can sit down and explain our lucrative referral program. We sometimes have people that know of relatives or friends or investors who have passed on things that fit us better, we have a terrific program that will reward you for plugging us in – works for both of us.
Glossary of Real Estate Investment Terms
| P&S | Purchase and sale. |
| ROI | ROI stands for "Return on Investment," which is interest of profit from an investment. |
| Cap Rate | Net operating income over purchase price determines cap rate. |
| AM | This is short for "amortization rate." |
| 5/5/5 | When running numbers stands for 5% vacancy, 5% maintenance, 5% management. |
| Offer | Offer to purchase real estate or sometimes a Letter of Intent. |
| Co-Broke | The listing agent or broker is offering a co-broke opportunity. |
| Separate Systems | Means all the units have their utilities split so tenants can pay their own portions. |
| Due Diligence Period | A period of time to inspect, review doc and research a property before purchase. |
| Assumption | A loan feature providing that the borrower can allow a future buyer to take over payments on the loan as well as responsibility for repayment. |
| Cash Flow | The amount of money received from rental income each month less the amount paid in mortgage payments, the purchase of capital assets, and the payment of any operating expenses. Cash flow is not the same as profit because it includes nondeductible payments. |
| Cash-on-Cash Return | The cash profit from an investment divided by the cash invested to buy the investment. |
| Debt Coverage | The comparison between the net income of a property and the loan payments on the property. |
| Nonrecourse Loan | Loans, usually long-term mortgages, for which no partner, limited or general, assumes personal liability. In most cases, the debt is secured by the property itself. |
| Operating Expenses | Periodic expenditures necessary to maintain a property and to continue the production of effective gross income. |
| 1031 Exchange | A tax deferred exchange that is a method of deferring capital gains by exchanging real property for other like-kind property. |
| Vacancy Rate | The average percentage of units vacant in a given market area. |
Newman Properties is an active real estate company.
We are always looking for investments and can help with everything: Consulting, lending and management.
We look at many opportunities and have a rewarding referral program.