Multi-Family in Worcester Input!

[Brett Blough]

Hello all,

The wife and I are trying to jump on a multi-family in the Worcester area but are having difficulty directing our focus to the right neighborhoods and how much to invest. Initially we thought we'd purchase something around 200k + any necessary renovations, but I can't seem to gauge the cash flow potential as each neighborhood seems to have such different rents and demand.

To make it harder, we live in Los Angeles so I'm unable to go to the wonderful black diamond meetings mentioned. We plan to move to Worcester, but would love to get that investment now, not a year or two from now.

Any suggestions on what neighborhoods you'd look in and what to expect for rent in a 3 unit, 3 bedroom? Thanks!

[Richard C.]

You might be the first person in history to voluntarily move from Santa Monica to Worcester.