Collins & Demac Real Estate



Posted by Collins & Demac Real Estate on 8/13/2020

This Single-Family in Worcester, MA recently sold for $325,000. This Cape style home was sold by - Collins & Demac Real Estate.


20 Purchase St, Worcester, MA 01606

Single-Family

$305,000
Price
$325,000
Sale Price

7
Rooms
3
Beds
2
Baths
Welcome home! This thoughtfully updated cape in the highly desired Burncoat area is waiting for its new owners. The main floor features a freshly painted kitchen with stainless steel appliances & granite countertops, a formal dining space, large living room, full bath & gleaming hardwood floors that expand throughout the entire house. Use your creativity for the 2 other rooms making them first floor bedrooms, office space, a play room etc. Upstairs has 2 additional, large bedrooms with a second, updated full bathroom. Looking for a little more room? The partially finished basement is perfectly suited for more living or storage space - use it in a way that best fits your lifestyle. Enjoy your summer nights on the back deck overlooking the well-kept yard. Great commuter location with easy access to 290, 190, hospitals, schools and more!

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Categories: Sold Homes  


Posted by Collins & Demac Real Estate on 8/13/2020

Image by Mediamodifier from Pixabay

Although most people think of real estate investments in terms of real property that they can see and touch, buy and sell, or rent and manage on their own, there is a popular form of real estate investment that is not as personal and interactive.

In many ways, it is easier, featuring the expectation of a steady, long-term income stream, and requiring less cash, almost no worry, and little concentrated effort. Buying shares in a real estate investment trust (REIT) is one way to create a diversified investment portfolio, and such investment opportunities are now widely available even to those with limited cash reserves and minimal investment expertise.

Instead of holding the deed to a specific piece of property, an investor in an REIT holds shares in a corporate entity that operates under strict guidelines established by the Internal Revenue Service. The law that governs such investment was actually passed in 1960. Today, it is estimated that about 80 million Americans own shares in the hundreds of REITs that are publicly traded through the SEC or offered privately by brokers and financial advisers. In recent years, there has been substantial growth in REIT investment through pension and retirement plans.

For the individual investor considering REIT investment, there are some cautions as well as some decided advantages. 

Advantages of REITs

First, on the plus side, a relatively small investment is required. Buying individual properties either to rent or for resale typically requires a substantial cash outlay, but REIT investment can begin with little cash outlay. This may be the prime advantage. Because one of the regulatory provisions limits major shareholder presence in any REIT, there is a great deal of opportunity for small investors.

Additional advantages include:

  • Liquidity: Particularly with publicly-traded REITs, buying and selling is as easy as contacting a licensed broker and issuing the order.
  • Steady Income Stream: REITs are required to return 90% of taxable income to investors each year, in the form of dividends.
  • Regulation & Transparency: Corporations operate under strict governance, and must be managed by trustees or a board of directors.
  • Beneficial Risk-adjusted Return: With initial due diligence, the risk of loss over the long-term is very low.

Possible Disadvantages

  • Minimal Growth: The possibility of capital appreciation is less than that of other investment types.
  • Tax Consequences: REIT Dividends are taxed as normal income under IRS rules.
  • Market Risk: All real estate value is market driven, and REIT's are no different. Investors should be aware of current trends, and take those into account when comparing various REITs. Certain segments are perennial high performers, while others are location and use-driven.
  • Associated Fees: Pay attention to management and transaction fees, not only those charged by investment brokers, but also the operating expenses of the REIT itself.

Investment decisions should always be made following due diligence, and with personal goals and objectives in mind. But for investors who wish to get into the business of real estate investing, even on a limited basis, REITs can be a first step.




Tags: Investing   Investment   Finance  
Categories: Uncategorized  


Posted by Collins & Demac Real Estate on 8/12/2020


9 Johnson Street, Worcester, MA 01604

Single-Family

$225,000
Price

8
Rooms
4
Beds
1/1
Full/Half Baths
INVESTORS HERE IS YOUR OPPORTUNITY TO OWN IN ONE OF THE HOTTEST RENTAL AREAS-OFF OF SHREWSBURY STREET, CLOSE TO HOSPITALS AND MAJOR ROUTES! Home with Four Bedrooms, Finished Walkout Lower Level, Garage and Off Street Parking. Main Floor has foyer, living room, dining room, huge kitchen with eat in area, wood cabinetry and tile backsplash, 2 bedrooms, full bath, and enclosed back porch/mudroom. Downstairs - another living room with wainscoting & built in cabinets, 2 bedrooms plus office/rec room or spare bedroom and 1/2 bath. Hardwood floors in living room and bedrooms. Washer and Dryer in lower level too! Boiler installed in 2017. Newer construction across the street. Leased through May '21
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by Collins & Demac Real Estate on 8/11/2020

This Land in Shrewsbury, MA recently sold for $190,000. This style home was sold by - Collins & Demac Real Estate.


257 Gulf St, lot 5, Shrewsbury, MA 01545

Land

$215,000
Price
$190,000
Sale Price

1.40
Acres
Residential
Land Type
Build your dream home! Beautiful 1.4 acre level lot, pastoral setting, in area of new homes. Some engineering done, lot survey and perc and soil tests available, town water. Terrific North side location just minutes to UMass Medical Ctr, 290, 495 & Mass Pike and Shrewsbury High School. Abutting 1.4 lot available.






Tags: Shrewsbury   Real Estate   01545   Land  
Categories: Sold Homes  


Posted by Collins & Demac Real Estate on 8/6/2020

Photo by 3D Animation Production Company via Pixabay

Have you received your 401K packet? It probably had some selections to make, such as a list of investment options to choose from. A small choice like this makes a big difference down the road. Whether you own a 401K, need to fund your own retirement, are putting a down payment on a home, or have some money left to you by a relative, there are some basic investment principles.

Stocks Are Still Your Best Bet

Every decade or two, the stock market tanks, everyone panics and some people say stocks are just a gamble. And if you get excited and buy in heavily while the Dow is nearing its peak, you will have a problem when the inevitable downturn comes. But consider this: since 1957, when the S&P 500 (an index of the top 500 stocks, a more accurate all-around market measure than the Dow) was established, its issues have returned around 9 percent a year. That’s despite a decade-long slump in the 70’s, the dot.com bust of 2000, and the “Great Recession” that started in 2008. If you’re in the market for another 20, 30 or 40 years, these setbacks are merely a dip in your long-term, upward progression.

Some other pointers:

  • Dollar cost average by buying small amounts regularly over time. If you’re in a 401K, this is automatically done for you. Don’t “buy high” by jumping on board when the market’s hot.

  • If you have a 401K, try to make the maximum contribution. If your employer matches, you’re turning down free money if you don’t.

  • Don’t get excited about what’s hot today. When stocks are low, some people say gold is a no-lose choice. It’s not. It will come down. In the late 90s, day traders were bragging constantly about their latest coup, investing in startups that had never made money and never would. It came to a screaming halt in 2000. 

  • Be careful of picking individual stocks. Few people beat the market average. Even professionals who manage funds don’t do well. Favor index funds. An S&P 500 index fund buys every stock in the S&P 500. It doesn't try to outguess the market. 

  • Financial advisers may come to you suggesting their favored investment. Be leery of anyone who presents a solution before understanding your situation.

Stick to a sound, steady plan and don’t get rattled by the noise around you, and you can build a comfortable nest egg over a lifetime.




Tags: Investment   401K   Stocks  
Categories: Uncategorized  




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