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Updated about 5 years ago on . Most recent reply

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Gualter Amarelo
  • Investor
  • Fall River, MA
300
Votes |
399
Posts

What is the best city to invest in within Massachusetts?

Gualter Amarelo
  • Investor
  • Fall River, MA
Posted

I was asked this question on a facebook forum and it got me thinking about our Bigger Pockets community.

Here is my answer and I would love to see what you think.

1. Fall River

2. New Bedford

3. Worcester

This is based on the infrastructure of the inventory of Cashflow investing with Multifamilies.

The prominence of 3-6 unit multi families on record in these cities is higher than any other city in the state.

Also the low entry costs are a major player.

Although New Bedford has the LOWEST entry coast and Worcester has the HIGHEST entry cost.

Fall River is ranked first because it has a larger propensity for 3,6 unit buildings while the other 2 cities are primarily 2 families though New Bedford is a close second with it's nearly 600 (6) family structures.

The right question to ask when choosing your city to invest in is:

"Does building the marketing and management systems make sense to be in this citt for the long term"

Most Popular Reply

User Stats

457
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372
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Brian J Allen
  • Real Estate Agent
  • Worcester, MA
372
Votes |
457
Posts
Brian J Allen
  • Real Estate Agent
  • Worcester, MA
Replied

Art, Great stuff here.  Stats serve to validate what you see in the market, and also to open your eyes to places to invest.  AS you know they should not be the be all and end all.  What the data doesnt tell you is that people in metro Springfield, and metro worcester are willing to accept lesser rental conditions then in the more affluent areas.  the quality of the units in worcester pale in comparison to those in Boston.  You also find more TAW then Leases in the areas with the higher numbers so you need more active management to protect your investment.  Once again Great data

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