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Massachusetts Real Estate Q&A Discussion Forum
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Updated over 9 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Christopher Drabato
  • Investor
  • Raleigh, NC
3
Votes |
13
Posts

Investors in Worcester MA

Christopher Drabato
  • Investor
  • Raleigh, NC
Posted

I am curious if there are any investors in the Worcester area and more specifically any interest in multi family. I am originally from the area and am looking to market in that area as well. 

Most Popular Reply

User Stats

54
Posts
40
Votes
Toby Bergstrom
  • Engineer
  • Worcester, MA
40
Votes |
54
Posts
Toby Bergstrom
  • Engineer
  • Worcester, MA
Replied

We've been in the Worcester market since '96 small multies 2s and 3s are pricy right now and some large buyers seem to be dumping cash on them. I made a full price offer on a pocket listing at a 7% CAP rate based on market rents not actual. There were 3 cash offers higher than mine...

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