Lauren Demerjian | Sterling Real Estate, Princeton Real Estate, Holden Real Estate


This Single-Family in Spencer, MA recently sold for $235,000. This Cape style home was sold by Lauren Demerjian, BROKER - OPEN DOOR RE, LLC.


54 Temple St, Spencer, MA 01562

Single-Family

$224,900
Price
$235,000
Sale Price

5
Rooms
3
Beds
2/1
Full/Half Baths
Stop your search here! Lovely move in ready cape style home! This home features an updated kitchen complimented with newer cabinets, stainless steel appliances and quartz counter tops. A large living room area with a deck that overlooks the large backyard! This home is equipped with three bedrooms on the second level, the master includes its own private bath with a claw foot tub! This home is situated on a generously sized flat back yard! A walkout basement for convenience and a detached garage for storage!! Showings begin Wednesday 1/15/2020.

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14 Mayboro St, Blackstone, MA 01504

Single-Family

$245,000
Price

6
Rooms
3
Beds
1
Baths
Located in the town of Blackstone, the home of the nationally recognized BMMA high school marching band, this welcoming home is situated within easy commuting distance from three major cities! 25 minutes to Providence, 30 minutes to Worcester, and an easy 15 minute drive to Forge Park commuter rail station for an easy ride into Boston. This house is perfect for someone who works in the city but wants some more space and a family friendly neighborhood! It also features a spacious attached two car garage with built in workbench which is a lifesaver in the chilly New England winters when the snow starts falling. Come make this house your own and settle in to this cozy neighborhood with a great school system!
Open House
No scheduled Open Houses

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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 Worcester, MA recently sold for $297,000. This Cape style home was sold by Lauren Demerjian, BROKER - OPEN DOOR RE, LLC.


126 Francis St, Worcester, MA 01606

Single-Family

$279,900
Price
$297,000
Sale Price

6
Rooms
2
Beds
1/1
Full/Half Baths
--Multiple Offers Received-Highest & Best by 5pm Tuesday 11/19-- Beautifully updated 2 bedroom, 1.5 bath, 1 car garage cape in convenient Burncoat area location. This charming home boasts a remodeled kitchen featuring white shaker cabinets with stunning crown molding, quartz countertops, brand new stainless steel appliances and dining nook. You will love the bright and open fireplaced living room with cedar closet. Gleaming hardwood floors and new interior paint throughout! Dining room with crown molding and built in hutch, a bonus sunroom/office and two great sized bedrooms. The full bath features tiled floor, white tiled shower and new vanity with quartz countertop. Basement is clean and open and provides plenty of room for storage. Step outside to your private backyard oasis nestled away in a quaint neighborhood setting while maintaining close proximity to I-290, I-190 and many area amenities. Gas heat, new roof, new windows and so much more. Make this your home for the holidays

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This Single-Family in Holden, MA recently sold for $498,000. This Colonial style home was sold by Lauren Demerjian, BROKER - OPEN DOOR RE, LLC.


27 Piccadilly Cir, Holden, MA 01522

Single-Family

$489,000
Price
$498,000
Sale Price

12
Rooms
4
Beds
3/1
Full/Half Baths
Stunning Colonial set on quiet cul-de-sac. The perfect home for hosting family and friends. With an abundance of space including a guest suite in the lower level, you will find all that you are looking for! On either side of the grand foyer are a formal dining room and living room with wide pine flooring, as well as an in home office. As you continue on through the first floor you have a large, updated, eat-in kitchen with walk-in pantry, white cabinets and upgraded counters, center island and SS appliances. A family room with back staircase to 2nd floor and access into the lower level suite with living room, bedroom & full bath, provide the perfect quiet space to escape. Entry to the backyard is via a tiled mudroom with laundry and half bath. The 2nd floor has 3 nice sized bedrooms in addition to the beautiful Master with fireplace and walk-in closet & full bath. New Septic, freshly painted exterior & interior and a 13 mo. buyer home warranty, allow you to move in worry free!

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