Rental properties in Lowell MA

[Sarann K.]

Hi everyone, I've been looking on MLS for a multifamily in Lowell, MA where I live, unfortunately there are no deals around within my reach, specifically 2 family under 200K and 3 family under 250K. And I would like to ask if anyone has found any rental properties in Lowell aside from the MLS, such as absentee owner or free and clear through creative methods? Or should I just focus on different locations such as Fitchburg, MA (30-40 min from where I live) where the properties are more affordable? Any input would be greatly appreciated!

Thank you 

Sarann

[Steve Bracero]

Hi @Sarann K.

I am currently not looking in those areas. Off market may be your next step. Direct mail to absentee owners may be a great idea, you just need to understand it is not magic, and will take a min of 6 touches to your list to possibly close a deal. You can purchase your list from a site such as list source and then you want to determine your monthly budget for the mailings. You are not looking to live in the property, just pay conventional financing?