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Best Places to Invest in Massachusetts?
I've spoken with a few but wasn't that impressed. I'm still on the look myself- if I come across one I'll definitely pass along the reference
Great info guys! so the bottom line is to do your due diligence before you purchase.
Haley and Michael: I've been investing in Worcester since 2015 and I also became a Realtor in early 2017. I know Worcester really well and have worked with investors since being licensed. PM if you would like to chat further.
Are there any updates to good locations since 8 months ago? I am just starting in the real estate world and would love some insight in the Massachusetts Market.
@Ankit Maewall Nothing has changed, except that prices have gone up and inventory has gone down.
Waiting was not necessarily the best move.
Just piggybacking on this post, I am still on the look out for property that I can house hack here in MA not too far from Boston where I work but still couldn't find anything that makes sense financially at this point. Any updated thought? :)
@Mora Clark I must sound like a broken record, but look to the south.
Acquisition prices, flip opportunities and rent:purchase price ratios are much stronger south of Boston than inside RT 128.
In general, look in Norfolk, Plymouth and Bristol counties.
Specifically, look in Brockton, Plymouth, Taunton, Attleboro, Fall River and New Bedford.
@Charlie MacPherson Thanks, Charlie! I'll check those places out. Have you ever looked into Salem, NH? Just curious of the market there...
@Mora Clark I have not. I'm not licensed in NH.
@Mora Clark Salem NH is great because it's right on 93, have you looked at Haverhill MA as well?
@Stefanie Willie-Bonglo no I haven’t checked that area yet just Salem as I feel like it’s not super far boston
I have to agree with @Charlie MacPherson. As an investor and a licensed agent in Bristol County, I am currently working heavily in the Fall River market with great returns and an easy buy in price to get started for new investors.
The biggest part of investing in this city and any of the others mentioned above like, Brockton, Taunton, New Bedford and Fall River, is going to be knowing the locations as well as knowing which strategies work best in the different locations.
Feel free to come to any of the Real Estate Investing meetups we have on the southcoast and we can discuss the correct strategies for your goals and target cities!
Cheers to your success!
Hello Bostonians ! First of all, we been lucky enough to have mild winter this year hurray......I am investor from Boston kindly accept my greetings to every one out here !
I am going to list the name of the city please everyone spare some of your valuable time and rank those city with star ( 5 star would consider the best ) This will help all of us for making some good decision for your RENTAL INCOME CASH FLOW!
Please be advised:- We are focusing on CASH FLOW.
1) Lowell
2) Lynn
3) Lawrence
4) New Bedford
5) West Brockton
6) Fall River
7) Middleboro
8) Worcester
thank you 🙏
I sell worcester so i like Worcester. The key is to buy as is, CASH. But you will have to have good management in place as the best cash flow properties are difficult to manage.
My Point of View: When doing your analysis, you'll find the less affluent cities and towns will give you better cash flow. However, after taking into account turnover, legal fees, vacancy, etc., you may favor less cash flow in favor of spending less money on chasing rents.
I feel like this is an impossible request. No one works in all those cities, so you're asking about star ratings, without giving any criteria other than "cash flow", from a handful of different people. If all you care about is cash flow you, would be better off asking what the cap rate is in the area but even that is going to vary wildly because you didn't like what you invest or want to invest in. Do you not care as long as it has the best returns? Are you a cash buyer? Self managing? You can get no headaches, good tenants and low returns in one place but constant headaches, constant evictions, lots of repairs and high returns in other places
Originally posted by @Gelbu Sherpa:
Hello Bostonians ! First of all, we been lucky enough to have mild winter this year hurray......I am investor from Boston kindly accept my greetings to every one out here !
I am going to list the name of the city please everyone spare some of your valuable time and rank those city with star ( 5 star would consider the best ) This will help all of us for making some good decision for your RENTAL INCOME CASH FLOW!
Please be advised:- We are focusing on CASH FLOW.
1) Lowell
2) Lynn
3) Lawrence
4) New Bedford
5) West Brockton
6) Fall River
7) Middleboro
8) Worcester
thank you 🙏