Springfield or Pawtucket/Providence

[Isaac D.]

I live and work in Boston, but like many others I’m kinda priced out of investing anywhere in the metro Boston area right now. I have a multi family house hack that I’m currently living in and I’d like to use some of my equity to invest in buy and hold properties elsewhere.

Even if it were necessary to hire a property manager I’d like to occasionally still be able to regularly visit my properties. I plan to take the next couple of weeks doing some drive by’s of mls properties and exploring some of the neighborhoods in Springfield, MA and in the Pawtucket/providence area. The numbers seem to work on many properties I’m seeing online. I’d like to focus on one community where I can grow and eventually own multiple properties.

Do any of you invest in Providence or Springfield? What are some of the pros and cons? Do you have good cash flow? Good housing stock? High quality tenants?

Help me make up my mind.

[Pablo Ottenwalder Jr.]

Hey, if you decide to invest in Springfield I can help you out. I have a couple on the mls and I get distressed off market as well but that won’t qualify for conventional financing. As far as quality of tenant you need to do your due diligence because that’s what can make or break you in this market. I’ve done property management and a lot of rental leases in Springfield so I’ll be more than happy to connect and help you out.