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Updated over 7 years ago on . Most recent reply
Advice for investing in the Boston area
Hi everyone,
I know this is likely the overly-obvious, "goes without saying" question to ask around here, but I wanted to be bold and ask it anyways.
What recommendations might any of you successful investors have for finding opportunities in the Boston area (or really anything inside 128)?
I am a new real estate investor looking for buy and hold opportunities and targeting cash-flow. I grew up in the Boston suburbs and the surrounding towns are areas I'm would be very comfortable buying in, geographically speaking.
It's obvious that the prices on the market are red hot, which makes finding a good entry point difficult to begin with. People will typically say that the C/C+ areas are where you get your best cash flow. Around here, many times that translates to those areas in Central and Western Mass. My difficulty though, is primarily that from being around the Boston suburbs, it's such a different world that I'm finding it difficult to really feel comfortable out in those areas. I'd love to be able to target something in my area (since I feel like I know it best), but how can someone like me possibly hope to land a profitable property around here?
I know everyone in my shoes is likely asking this question to themselves, but I wanted to see if there is anyone out there willing to work with me to help identify ways I can make some progress. I'm a quick study very eager and hungry to learn and succeed. I'm willing to do whatever it takes to progress, so anything those of you who have been successful in this area have in the way of advice or guidance is welcome.
Thanks very much! I hope everyone has a great week!