Mulifamily Market in New Bedford/Fall River/Taunton

[Nick Mulligan]

Hello all,

I have a couple questions, one general and one more specific to my local area.

Specific: How do you guys see the New Bedford/Fall River/Taunton  markets for buying a mutlifamily home? I am looking to buy my first property next year, live in one of the units and rent out the others. These three areas are the ones that I am mostly looking at right now. I work in Marion, MA so the commute to Marion I would like to keep under 40 minutes. I am doing a lot of research right now to find the good/bad areas of each town. 

General: What data do you look for when trying to analyze the housing market, especially for multi-families? Also, what tools do you use to get this information? I currently use Realtors Property Resource to see median income/education level and things like that.

Your friend,

Nicholas Mulligan

[William Nadeau]

Hey Nick,

My partner and I invest in the Taunton area market, we are currently house hacking a three family property there. The returns in this area can be great if you buy right, but the inventory is limited. 

 The Taunton/Fall River/New Bedford area you are referring to is very large with a large amount of sub markets in each town. 

The best way to find out about these markets is to meet with either investors, or real estate agents from those areas. I would narrow down which of these markets you want to focus on through demographics, then meet with people from those areas, as there are submitting markets that just don't show up through demographics.