Greater Boston Financial Incentives

[Joshua Poitras]

Will someone tell me the financial incentives for investors investing in the Greater Boston Area in 2-4 family multi-families with 25% down loans (not FTHB's) at market price.

Understood if you get the right deal it make sense, but there are people buying off MLS for 25% down where I'm not seeing the rents work? How are they making these investment financially work out?

[Joshua Poitras]

Quote from @Kyle Spearin:

@Joshua Poitras the Boston market is definitely crazy! I think it really comes down to an individual investor's strategy and goals. It's very common to buy a 3 family and convert it into condos, especially in an area like Dorchester. 

Other people are doing medium term rentals with these units-- there are so many hospitals here that I'd imagine it's a great market for renting to traveling nurses.

Another thing could simply be people betting on appreciation. Unlike other cities, Boston can't really build more unless it builds on top of what already exists. The limited supply and increasing demand could eventually raise property values and rents. This is definitely a long term strategy, but for those sitting on a lot of capital it might be worth bleeding for a little now to get a big payday later.

That’s good point. So expect maximal effort to make the property worth it.