Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Massachusetts Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Michael Bronson
0
Votes |
3
Posts

Financing question for Massachusetts Multi-Family Investors

Michael Bronson
Posted

Hi everyone,

I'm new to real estate investing and my local market is Boston, MA (don't even get me started on prices here).

I plan on living in the house and using a residential mortgage. For cash flow purposes, I would like to buy a property with as many units as possible. 

Given how much more advantageous residential mortgage terms are, I would like to stick with one and avoid a commercial loan. 

Some local real estate agents have told me that 4 or more qualifies as commercial in MA, but others have said it's 5 or more like the standard for the rest of the country.

Does anyone have experience in this market that can tell me which it is? 

Thanks for the help!

Michael 

Most Popular Reply

User Stats

290
Posts
185
Votes
Dick Stevens
  • Rental Property Investor
  • Haverhill, MA
185
Votes |
290
Posts
Dick Stevens
  • Rental Property Investor
  • Haverhill, MA
Replied

If you’re going to have a condition of buildings delivered vacant be prepared to get a lot of rejected offers.  This is a highly competitive market.  An offer requesting the landlord to evict all tenants will likely go right in the trash.

Loading replies...