In addition to our offer to you to become a partner, earn the Green Card and the 15% to 20% of annual return, there are other key advantages of investing in Boston, Massachusetts:
1. Great place to live.
Massachusetts is, undoubtedly, financial, business, educational, medical, scientific, technological, cultural, and recreational power house – one of the richest and most progressive states in the country. Its population of about 7 million people is mainly comprised of educated qualified professionals. Boston the capital of the state of Massachusetts, Boston is not only one of the oldest and most important cities in the history of the Unites States – it is also one of the most beautiful, affluent, and trend-setting cities of today. Boston harbors several leading banks and financial institutions (Fidelity, Bank of America, John Hancock, etc.) IT, engineering, and biotechnological companies (Autodesk, Bose, Genzyme, etc.) and acclaimed sports teams (Celtics, Bruins, Patriots, etc). Boston is also home to over 30 nationally and internationally renowned universities and colleges, (such as Harvard University, MIT, Boston College, etc.), as well as to over a dozen of high-profile medical hospitals and clinics, making it the leading educational and health rehabilitation center of North America. Boston metropolitan area has just over 3 million inhabitants, yet receives over 20 million people (including over 3 million foreigners) each year. During winter months, proximity to forests and mountains make Boston a perfect retreat after hunting and skiing. Yet pleasant summer months attract people from all over to swim in warm Gulfstream waters. Theater and concert life as well as activities of big Russian community (over 120 thousand people) thrive in Boston year round. Lacking (luckily so) the New York City’s hassle and bustle, Boston had preserved its unique historic image and will offer investor a serene lifestyle with top-notch services and amenities – a really nice place to live.
2. Great place to do business.
Whatever you might have heard about the real estate crisis in the United States since the recession – it is not happening in Boston. On the contrary, all the current trends affecting the real estate market in Boston, suggest that the market will remain stable and sustain positive growth in housing prices.
The immunity from recession and the dynamic changes in real estate and housing market in Boston metropolitan are caused by the ever-increasing demand for more comfortable and luxurious accommodation among its inhabitants. Demand, in turn, is caused both by revenue growth commensurate with the new demands of people and by their desire to show off their growing social status. Yet, the growth of earnings of the potential buyers of luxury homes is caused by the local leading organizations’ constant needs to financially encourage their highly qualified professionals. In addition to the above factors, due to the constant increase in number of wealthy immigrants to Boston, there is no shortage of potential buyers on the market.
Sufficient number of old houses and apartments with good potential for modern transformations provide stable supply and make Boston a wide play arena for well-managed companies.
Besides, currently there are several actively working tax credit programs for small businesses in Massachusetts and this fact promises to make our cooperation even more profitable and make our company even more competitive right from the start.
In general, the balance of factors shaping the demand and supply on the local market, make Boston a great place for low-risk investment.
Massachusetts is one of the most expensive states in the country to live in and this fact has allowed the state to survive the economic downturn quite well. The recession mainly affected the low-skilled workers with weak financial reserves around the country, but due to the higher level of professional skills and qualifications among people of Massachusetts, few of them actually lost their jobs during the recession. Today, as the direct result of lower unemployment rate in Massachusetts, which was below the national average rate throughout the entire period of recession, the percentage of mortgage defaults among Massachusetts residents is quite low as compared to the same rate in other states. Ultimately, this fact has positively influenced the stability of the real estate market of the state. The recession is over now and the real estate prices are climbing to its pre-crisis heights.
Thus, the Boston metropolitan area of Massachusetts is the place with really good potential for investment in real estate.
Prospective Investment Areas
Boston metropolitan area is sub-divided into a dozen of smaller independently-governed cities (like districts). Some of them are more attractive in terms of real estate investment than others. Attractiveness of the particular city is formed by both the primary factors (location, infrastructure, proximity to center of Boston and major transportation routes, low crime records, etc.) and the secondary factors (quality of neighborhood school education, prevailing community lifestyle, property taxes, etc.). The other typical factors, like proximity to public transportation and to food stores are not as important in the affluent cities of Boston area, as majority of their population favors the seclusion and drives to get around. The attractiveness of investment in a particular piece of real estate is primarily formed, apart from location, purchase price, resources required for development, and current market condition, by hidden potential for development.
Among those affluent cities, the most prospective ones for real estate development are::
1. Beacon Hill, Back Bay, South End.
These historic districts founded in the 17th century are situated in the heart of Boston. Having preserved the unique historical charm and being close to the central park of Boston, these areas have become the most prestigious and desirable places to live in. Beacon Hill and Back Bay mainly consist of old brownstone 4 or 5-story buildings of Victorian style architecture. These houses are either occupied by one very wealthy owner, or divided by floors into smaller private apartments. These areas are very popular neighborhoods among local legislators, lawyers, and top-class doctors. South End area for the most part also consists of the old brick 4 or 5-story buildings and mostly populated by young middle-rank corporate officials. South End has also become an enclave for all kinds of bizarre public (artists, actors, gays, etc.).
The real estate market in these areas continues to see the slight price increase and the demand for housing often exceeds the supply. For the past 4 years, the average assessed value of real estate in these areas increased by 40% from the original value. Those who want to live in the heart of Boston will have to pay anywhere from $ 7,500 to $ 12,000 per square meter of an average dwelling.
Brookline is a highly desirable town adjacent to Boston center from the south side and consists of several wealthy neighborhoods. Brookline is mainly populated by well-established people and has big Jewish and Russian communities. Brookline is typically featured by single-family and two-family houses with 100 to 200 and 200 to 400 square meters of living area respectively, as well as few apartment complexes and multi-story houses of various living spaces. Generally people choose to grow their families in Brookline not only for its great access to major shopping malls, recreational areas, and other amenities, but also for its outstanding public (free) school education.
The real estate market has been extremely strong in Brookline. For the past 4-year period, the estimated appreciation of and average piece of real estate in Brookline equals 50% from the original assessment cost. Today, those family-oriented individuals pay $4500 to $7000 per square meter of an average dwelling.
Cambridge is another prospective area with great potential for return on investment.
Newton is another prospective area with great potential for return on investment.