New member in Boston, MA

[Samuel Brand]

Good evening,

I am Sam Brand and I am the newest member in the Boston, MA area. I am new to Boston and also looking to start investing in multifamily houses. I do not have any real estate experience other than reading the Ultimate Beginner's Guide and listening to a few of the Bigger Pockets Podcasts. I am excited to be apart of this online community and I look forward to meeting other investors in the Boston area. 

Thanks,

Sam

[Charlie MacPherson]

@Samuel Brand Welcome and good luck!

The Boston MFR market is just plain nuts and the same holds true for pretty much anything inside RT 128 and even out to many parts of the inside-495 belt.

In general, you'll find property values increase the closer you get to Boston.  The close-in west (Newton, Wellesley, Dover, Weston, etc) are extremely expensive.  Further out, prices drop slowly.

North is mostly less expensive - Revere, Lynn, Saugus, etc.  But there are some pricey areas too.  Swampscott, Marblehead, Burlington, Wilmington, etc.

The best deals are found in Plymouth and Bristol counties - Brockton, Taunton, Fall River, New Bedford, Attleboro, Middleboro, and a few South Shore areas like Kingston, Plymouth, Wareham, Marshfield, etc.

You should also be sure that you have a VERY good handle on landlord-tenant laws in MA.  They are biased WILDLY in favor of the tenant, and if you screw up, they can sue and be awarded triple damages.