Thoughts on Investing in Central Massachusetts

[Dannielle O'Buckley]

Earlier this summer I read David Greene’s book on investing out of state because the New York market is outrageously expensive (and so are the taxes), and I’m looking at my options on where. I want to leverage the people that I already know and so far, those areas are San Antonio, TX, Columbus, GA, and Central Massachusetts. I am considering Central Massachusetts a little bit more just because it would be a lot easier to see things/do my own due diligence. What are your guys thoughts on the Central Massachusetts area?

[Nate Ginsberg]

Where did you end up buying? I own a 2-family in Leominster and under contract on another one in nearby Lunenburg. Both nice towns to live and invest in. The prices near Boston/Cambridge are outrageous, and people keep moving out this way where the cost of living is more reasonable and you get a lot more bang for your buck. The corridor along I-190 from Worcester to Leominster and Route 2 from Littleton to Templeton are still fairly affordable and nice areas for families.