1st Time Investor Seeking Connections (& Wisdom!) in New Bedford

[Peter Carboni]

Hey all,

I'm a first-time investor looking to do my first house hack in New Bedford, MA. I'm looking to connect with investors with experience with the city.

Why New Bedford?

I know that taxes and tenants get tricky here, but overall I have many reasons to want to invest here. It's close to home, with many hospitals, burgeoning culture and arts scene, and commuter rail in the works. I believe in the city and have been overjoyed to see it prosper so much in recent years.

Here is roughly where I'm at when it comes to my first househack.

I know that everyone on here is busy, so I appreciate any responses from anyone who has invested in southcoast MA.

My main goal here is simply to connect with anyone who's invested in the city. This will be my first home purchase and I'd love to hear from as many investors who are familiar with the city. I'm also hoping to make local friends and find meetups to attend.

What I do know:

I have an agent and a lender.

I'm looking for a triplex. 

How to find properties off of the MLS

I'm partial to the south end of the city.

How to use the deal calculator on this site. 

What I know I don't know:

How to inspect a property in-person

How to act/ what to wear to the showing

Which streets and neighborhoods to avoid

Which streets and neighborhoods might meet my goals 

How old is too old (some of these buildings are verrrry old)

Tenant laws to watch out for

And last but not least, I don't know what I don't know. I'm expecting the unexpected and hopefully have saved enough to cushion me against any major disaster. 

I realize I've posed a bunch of specific of questions- I don't expect to cover it all here. I assume that the more people I meet and connect with the less of a mystery this will all become.

All that is to say that I would appreciate any and all advice about the New Bedford market. I'm happy to chat privately as well. 

Thank you!