Gordon Avery | Westfield Real Estate, Southwick Real Estate, West Springfield Real Estate


This Land in Blandford, MA recently sold for $16,000. This style home was sold by Gordon Avery - Park Square Realty.


0 Woronoco Rd, Blandford, MA 01008

Land

$19,900
Price
$16,000
Sale Price

3.07
Acres
Residential
Land Type
Looking to build your dream home? Located less than 15 minutes from downtown Westfield and only a minute or so from the center of town. Seller is looking for offers and has all plot plans and paperwork available to help you plan for your new home. The property already has a small sugar shack , so if your looking to have a small hobby farm or just use the land for a little recreation the options are there and at an attractive price. Please feel free to contact me with any questions.





0 Holcomb Rd, Chester, MA 01011

Land

$23,900
Price

2.00
Acres
Residential
Land Type
Beautiful 2 acre lot with Partial clearing already done. Located 25 min from Westfield or Lee, you get it all The quite of rural experience, weekend get away for camping. Plus as a blank canvas this becomes an affordable place to build that dream home. Why renovate and go thru the hassle of fixing someone else dream. here is your chance to live yours. Call for showing instructions and information
Open House
No scheduled Open Houses




Photo by Free-Photos via Pixabay

For some, house hacking is the key to getting started in real estate; for others, it's just a smart way to build cash flow into an otherwise uncooperative rental market. Wondering how to get your foot in the door? Here's what you need to know. 

What is House Hacking? 

The term "house hacking" was coined by Bigger Pockets, but in general, the practice has been going on for as long as people have been owning and renting properties. House hacking refers to renting out a part of your primary residence. Generally, that means owning a duplex, triplex, or quadruplex, living in one unit, and renting out the rest. For some, it means renting out one or more rooms of a single-family residence. In an ideal scenario, house hackers can essentially live for free--allowing the rental income from the space they rent out to pay for the mortgage and maintenance of the entire property. 

Why is House Hacking a Smart First Investment? 

As with any investment, the viability of house hacking depends on the market in your area. But for many who want to get into real estate investing but haven't yet taken the plunge, it's a smart step. 

  • Owner-occupants enjoy the best financing terms. When you plan to use the property as your principal residence, you'll get lower down payments (as low as 0-5%, in the case of VA and FHA loans) and lower interest rates. 
  • House hacking serves as training for managing more tenants. Because you'll be living in close proximity to your tenants, it will be easier to keep an eye on your property and address repairs and other issues as they arise. It's a great way to earn a few notches in your landlord belt before purchasing more rental properties in the future. 
  • When you decide to move out, you can rent out the final unit (or the primary house) and enjoy the full benefits of positive cash flow thanks to your low-interest-rate home. 

An Accessible Way to Start Small 

Step one: talk to a lender. If you can get pre-approved for a single family residence, you can get pre-approved for a duplex (or larger).

Already own a home? Consider renting out an extra bedroom, or finishing the basement to rent out as an ADU. And even if you don't net massive positive cash flow at first, you'll massively offset your own cost of living, while gaining valuable experience as an investor and property manager. 


This Single-Family in Middlefield, MA recently sold for $230,000. This Colonial style home was sold by Gordon Avery - Park Square Realty.


69 Chipman Rd, Middlefield, MA 01243

Single-Family

$265,900
Price
$230,000
Sale Price

9
Rooms
6
Beds
2
Baths
This Beautiful Antique Colonial is nestled in the foothills of the Berkshires. Large home that has had too much to list done over the last 30 yrs. This 6 bedroom home has both a blend of the old and the new including two baths. The Kitchen is open and rolls into a large dining room. The Living room is also very large and has the original exposed oak ceiling.Plenty of room to farm if so desired w 6+ acres as well as a private pond on the property. The mechanicals in this home are all modern and all ready done. Newer roof, Septic, Plumbing Etc. This could be the home of your dreams.Priced to move before winter. Call for a private showing.

Similar Properties




133 Middlefield Rd, Chester, MA 01011

Commercial

$265,000
Price

7
Buildings
Industrial
Type of Comm.
685,634.00
Lot Size
15+ acre property consists of two large 2 story warehouses. There is also a separate repair/workshop on property. There is a deeded right to the river and a 24 Hr noise variance that comes with the property too. Two offices and 3 bathrooms. This offer also includes 126 Middlefield rd which ia a large drive in warehouse w newer 3 phase and insulation. Much more to this property and easy to show. Call list agent for details.
Open House
No scheduled Open Houses






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