Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

257
Posts
139
Votes
Dan K.
  • Rental Property Investor
  • Boston, MA
139
Votes |
257
Posts

New in Boston

Dan K.
  • Rental Property Investor
  • Boston, MA
Posted

I’ve been a long time lurker on the website and have been listening to the Podcast since episode one.

I am an attorney in Boston and looking for buy and hold opportunities within approximately 1 hour of Boston. I am hoping to purchase a multi-family around 200k. I expect to need a management company because of work travel and the distance from my primary home.

I am currently considering a property in Fitchburg and would be curious what people thing about it. I am happy to share the numbers and details.

I manage a 100+ year old family owned multifamily in Cambridge. There are several units and parking spaces. In total there are approximately 15 tenants between the various rentable spaces. The property has needed various repairs, including a new boiler. In addition I have handled regular tenant issues like late rent, property damage, parking issues, etc. 

Most Popular Reply

User Stats

1,870
Posts
777
Votes
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
777
Votes |
1,870
Posts
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
Replied

@Dan K. 

Welcome to BP!!

I assume you've lived in Boston long enough to not measure distance in time.  1 hour at 5pm only gets you to Waltham going west... :)

Fitchburg seems like a solid town for investment.  200k cash should buy you 4-6 properties out that way.

Nashua, NH is a town that looked great several years ago with the exception of their high property taxes.  Don't hear much about it nowadays.

Fall River might be another place to look.  It would fall squarely in the "C" classification here on BP.

  • Aaron Montague
  • Loading replies...