Multi-family Investing in Massachusetts

[Faraz Mog]

Hi all, I’m new to real estate investing and am reading resources to learn more about multifamily investment. I live in Boston but recently learned that there are cities that may be better to in invest in compared to Boston metropolitan area like Worcester, Springfield, or Brockton. The reasons being better cash flow and potential for growth.  

1. I would appreciate any insight form anyone familiar with the MA real estate on these cities or any other cities in or around MA.

2. Are there any online resources that I can use to evaluate a city? For example to check their population growth, job growth, economic trends, occupancy, availability, rental rates, days on market, etc. so I can compare cities?

3. Is there any user friendly deal analyzer that I could use?

Any tips or resources is appreciated!

[Sam McCormack]

Quote from @Faraz Mog:

Hi all, I’m new to real estate investing and am reading resources to learn more about multifamily investment. I live in Boston but recently learned that there are cities that may be better to in invest in compared to Boston metropolitan area like Worcester, Springfield, or Brockton. The reasons being better cash flow and potential for growth.  

1. I would appreciate any insight form anyone familiar with the MA real estate on these cities or any other cities in or around MA.

2. Are there any online resources that I can use to evaluate a city? For example to check their population growth, job growth, economic trends, occupancy, availability, rental rates, days on market, etc. so I can compare cities?

3. Is there any user friendly deal analyzer that I could use?

Any tips or resources is appreciated!

I am not in MA but I am familiar with REI numbers.

If I ever look anything like that up I see different results all the time, so it may be best to talk to agents in multiple cities. Growth can differ in different areas. For example, Greater Cincinnati(Cincinnati and Northern Ky). Cincinnati has had a steady increase, but Northern Ky has had more growth. Both cities are great to be in. As well as Columbus from what I here

There is a BP calculator for limited uses without a premium membership if you are open to that. 

If you have questions I would be happy to answer. I would like to also talk about what you are looking for in an investment property