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Updated over 2 years ago on . Most recent reply
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Best cities for a first-time multifamily house hack? (Newbie)
Hey all! My name is Peter and I'm a newbie from Cape Cod.
I'm getting ready to take the plunge. Specifically, I'm looking to house hack with a multifamily. Don't know much about the North Shore, so I'm looking south and west.
Places I'm looking:
- New Bedford (they're building a commuter rail)
- Fall River (Amazon built a facility)
- Greenfield (Cool spot and decent location)
- Worcester (Great triple-deckers)
- Springfield
Things I do know:
- Good deals are hard to find right now, but not impossible
- MA laws are tricky and tenant-focused, but with scrupulous tenant screening, I will be fine.
- Multifamilies are hard to come by in Plymouth, Middleboro, etc
Honestly, any advice would be so greatly appreciated! I don't know what I don't know.
If anyone knows anything about these markets in 2022 or knows about any meetups/local REI groups I'm all ears.
Chatting with a mortgage lender tomorrow. So ready to make this thing happen!
Most Popular Reply
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@Peter Carboni - That’s great, real estate is a blast. You’ll enjoy the journey.
I personally invest and house hack in the Worcester market. I think the Worcester market has a lot going for it and it also has a huge stock of multis so finding a deal can be easier than other places.
In addition, @Sabrina Sanchez and I host a local meetup in Worcester once a month, Pints and Properties Worcester. Feel free to DM me and I’ll be happy to answer any questions you have about house hacking and the meetup. Best of luck!
- Andrew Freed
- [email protected]
- 857-267-6556
- Podcast Guest on Show #69