Off Market Deals in Worcester MA

[Andrew Sprague]

I've been scanning Zillow, Redfin, Realtor, and Trulia looking for solid Small Multifamily deals in the Worcester area. I've noticed that as inventory has dropped the only available properties are rising in price and starting to lose profitability (I am planning on either going through an HML or using an FHA loan and live in the building so my mortgage payments will be fairly high regardless). I've only seen a couple listings on Craigslist for multi families in the area that are FSBO but none that cash flow well considering they require almost total renovation.

I know there must be a decent amount of off market deals circulating in the area as it is a hot market. Where are people finding these deals? Wholesalers? Pocket Listings? Are people doing their own marketing to sellers? Any insight on the subject would be greatly appreciated.

[Jason Regan]

Andrew,

We have begun our own marketing on the off market properties in the area.  I actually found the one I have under agreement in Fitchburg through Black Diamond Facebook group.  There are many wholesaler groups on social media, its a matter of finding them.  This will help your flow of off market properties.  Also, a BP tip I like is you can call for Rent signs to see if the owner wants to sell instead.