Ever since Donald Trump was elected president in 2016, real estate has once again become a topic of interest among prospective American investors. Trump is hardly the only real estate magnate who turned his attention to politics. Former governor of California Arnold Schwarzenegger actually made more money from multifamily property development than from bodybuilding and acting. Nearly 18 percent of the U.S. gross domestic product is generated through real estate activity, which means there’s plenty of money to be made in this economic sector. The Boston Seaport condo market is an extremely dynamic field for investors. You can choose to approach the market in an active or passive manner, but you need to do so strategically.

Here are six recommendations that can help you become a successful Boston Seaport condo investor, brought to you by the real estate professionals from Ford Realty, expert agents with years of specialized experience in buying and selling downtown Boston condos for sale.

1. Learn About Money Management First

Money management is what separates investors from casual market participants and gamblers. If you’ve previously heard about the rule of never investing what you cannot afford to lose, you already have some knowledge of money management, which essentially consists of determining how capital should be used for the purpose of mitigating losses.

2. Join an Investment Club

Boston real estate investment clubs bring together like-minded individuals who wish to pool capital resources as well as knowledge and experience for the purpose of increasing success potential. If you’re new to investing and seeking a mentor, you can certainly find one in a group in the Boston condo Seaport District.

3. Develop and Execute a Plan

Whereas stock, commodities, and currency investors must adhere to trading strategies, a Boston Seaport condo investor needs to follow a business plan that starts with a budget, declares objectives, and culminates in an exit strategy. It’s virtually impossible to get into real estate investing without considering property taxes, financing costs, insurance premiums, and general fees. If these expenses aren’t accounted for in your plan, they’ll come up when you’re least prepared to face them.

4. Partner with the Right Professionals

If you’re taking the direct route of acquiring residential properties you can later sell or rent, you’ll need the right partners, which include a Boston Seaport condo real estate agent, mortgage loan officer, and home inspector. If you’re focusing on downtown Boston condos, your real estate agent partner should be seasoned in this particular market.

5. Consider Real Estate Investment Trusts as a Learning Experience

Modern REITs are essentially exchange-traded funds you can trade just like stocks on the New York Stock Exchange and the Nasdaq, and they’re managed by experts who often share their vision and strategy beyond the prospectus. Analysts who follow instruments such as the Vanguard Real Estate ETF tend to be seasoned property investors whom you can certainly learn from.

6. Never Try to Time the Market

Similar to Wall Street, real estate markets can be unpredictable. Following the herd can be a good strategy. However, it can also be extremely short-lived, and selling properties isn’t the same as trying to sell off shares at market prices. Timing the market is a strategy that rarely works for real estate investors.

These strategies can get you started on the right foot when it comes to real estate investment. If you need more information or advice on investing in the hottest properties in downtown Boston and Boston Seaport District condos, rely on the expertise of the seasoned real estate agents. Give us a call today at 617-595-3712

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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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