February 12‚ 2014 Commercial Real Estate & Investment Revere Street Background/ Purpose Mr. Alexander is a gentleman that is looking to build his investment portfolio through residential real estate. He is looking at investing in a 4-plex in a historical district located within Boston‚ Massachusetts. The building is located on Revere Street and has a listing price of $350‚000. Mr. Alexander is evaluating the possible commitment to understand what he stands to gain from the annual cash
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Case Study Executive Summary Problem Statement Edward Alexander a Harvard graduate is looking to invest in a small income producing apartment building in the Back Bay-Beacon Hill area of Boston‚ Mass. He currently has $80‚000 dollars saved up to purchase this property. He began his search for the perfect property checking current listings and prices using‚ www.bankrate.com and www.realestate.boston.com. Due to many of his friends living in the area he gained access to eNeighborhoods a program
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(1) Complete a review of Edward Alexander’s goals and assets; (2) How did Alexander search for his property? (3) How would you evaluate the Revere Street property? What are the risks and rewards‚ financials‚ and renovation issues; (4) How would you evaluate Alexander’s search for a mortgage? (5) What do the numbers look like? (6) Determination of the appropriateness of this particular property for Alexander’s personal needs. Should Alexander make this investment? Facts and notes to consider
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Revere Street 1. When looking for investment on a small apartment building‚ I would do research on following aspects to identify a sub-market: * First of all‚ defining the outlook of the macro economy is the most important. The job growth and the unemployment rate as well as the income per capita in the target area should be considered. For example‚ it is not wise to buy a cheap apartment in a dead market‚ where most people in this area are unemployed or are unable to afford the rentals.
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Revere Street Project Valuation October 11‚ 2013 Table of Content 1 Summary - Project Revere Street 3 2 The Residential Property Overview 3 2.1 Location 3 2.2 Economic Environment 4 3 Financial Valuation 4 3.1 Case Preview 4 3.2 Case Summary 5 3.3 Valuation Summary 6 4 Pro Forma - Revere Street 7 4.1 Balance Sheet (Estimated) 7 4.2 Income Statement (Estimated) 7 4.3 Statement of Cash Flow (Estimated) 8 5 Future Prospects and Concerns 8 1.
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1. I would do the following 4 market research and planning before investing an apartment: Research on the whole real estate market‚ especially the market for small apartment buildings: To identify whether the real estate market is going up‚ for example‚ by analysis the trend of the capital ratios‚ and then get the whole picture of the real estate market. To make a segment research on the market of small apartment buildings. After collecting the history data of the selling prices and rents
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future. To this end‚ however‚ I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein‚ Alexander’s “DIY” approach is not only exemplar of naiveté‚ but also suggestive of many implications that were overlooked in his proposal. And‚ even more discouraging‚ a best-case scenario analysis reveals that even without complication‚ there
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cultural property including‚ the inspiration cultural property and its preservation has on patriotism‚ the impact on the sense of community cultural property has‚ and the merit and integrity of architectural style of the cultural property. In this case‚ it makes sense to also consider these factors because of the role that Beacon Hill has played in the history of the U.S. and because as the BHCA there is a community that benefits and derives something from the cultural property here. The basis for
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poetry because of the vast experiences he had while living in New England. Lowell conveys his life at home and the relationship between himself and his parents on Boston’s Beacon Hill in the poem‚ “91 Revere Street”. This poem is one of Lowell’s most famous and well known poems within his “Life Studies” collection of poetry. In it‚ he goes into great detail about the unhappy marriage between his parents‚ which was most likely responsible for their inability to show Robert Lowell the attention he needed
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Paul Revere was an American Patriot who lived in the 18th and 19th century. He is the subject of Henry Wadsworth Longfellow’s “A Midnight Ride” one of the most famous American poems. He was known as a son of liberty and was a key person in America’s fight for liberty. Revere was a messenger‚ a silversmith‚ a dentist‚ even a writer‚ but through all of his professions‚ duties and responsibilities Paul Revere remained loyal‚ brave and committed to his country Paul Revere was born
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