Relocating back to Boston (from San Diego) end of august. Need advice.

[Ramin M.]

Im a dentist and I’m starting my investing journey in next few months. I have about $950k all cash equity in my current home and will be selling it Nov 2023. And by then probably another 100k in savings. For the first few months my wife and I will live in Newton, ma in my childhood home with my mother cause we don’t know ultimately where we want to live. Two part question: what areas in east coast are you guys investing in to get best rent to value ratio? Im think providence, Worcester, Springfield, New Haven…places like that. Boston proper doesn’t make sense cause so expensive. In 2024 I want to buy at least 2-3 properties (ideally small multi family). Second question: when we buy one of those multi families we want to house hack but I don’t intend on living anywhere more than 20-30 min from boston. Any recommendations for best bang for buck?

[Andrew Freed]

@Ramin M. - I'm a little biased since I own 24 units in Worcester but I truly think it has a lot going for it. You can still find properties near the 1% rule. It is also one of the fastest growing cities in New England, which went from a population of 150K to 220K in a matter of 7 years. It also has around 9 schools, 4-5 hospitals, a biotech hub, the new WooSox stadium and 2800 luxury apartments being built in downtown Worcester. Lastly and most importantly, logistically it is located between 5 major metropolitian areas including Nashua, Lowell, Providence, Hartford, and Boston. I like Worcester a lot. Feel free to DM me if you have any questions about the market. Good luck on your move!