East Boston Single Families

[Brooke Spaulding]

Hi everyone!

I previously was planning on purchasing my first property in Maine but that has now changed and I am looking to purchase in East Boston. I am preapproved for a MassHousing loan (and others but this is most appealing right now). Does anyone have any suggestions for this area? I had originally planned on purchasing a duplex but I have found it doubles the amount I need at closing and I want to start soon. This made me change my focus on a single family I could live in, fix up, and then rent or sell in the future.

Thanks for any thoughts,

Brooke

[Clinton Holmes]

Welcome @Brooke Spaulding!

I'm a real estate investor in the greater Boston area. I just used Mass Housing to buy a 2 family in Salem.

I was originally looking in East Boston before I bought in Salem. The popular spots are Maverick Square, Jefferies Point, and the Eagle Hill area. I highly recommend you walk through the area and a few units that have tenants, especially if you will owner occupy!! Some of the places I saw looked amazing from a cash flow perspective, but once I saw the prospective tenant pool, I realized I'd be lucky to cash flow at all.

Just my two cents, feel free to message me anytime if you need help!

Clinton