All Forum Posts by: Andrey Rudenko

We do open houses. We have way less than 100% show up rate so makes no sense to go out there for individual showings.

We provide the fridge but we do not maintain it or replace it in case it goes out of working order.

@John Buffet Living in a duplex with tenants is not a big deal, especially if you place the tenants yourself. I have been living in a duplex (house hacking) for 4 years now, no problems. I think buying a duplex as a primary residence is best strategy. You will save more money faster and then you can buy a house or condo, and have a duplex as rental. The only suggestion I would make: instead of duplex, try to get a fourplex. Especially one of those, that have triplex in front and single house on the back of the lot. Those are virtually perfect house hack options.

@Boone Tyson One had a raccoon family in the attic, and the other one had a bat :)

Hi Joe, welcome welcome to investing!

This is a good question, and I keep asking myself if MA is worth the headaches. My perspective is that MA is a good place to start investing, especially if you are local. Once you collect a few doors you may get better return on investment and on your time/stress elsewhere. In the meantime, MA is more likely to appreciate over time due to economic strength, population growth etc. 

Brian,

I absolutely agree that good screening is the best way to avoid headaches down the road. Also, from my experience in the past 2 years: be very specific in your lease re: all terms, such as parking, snow removal, lawn care, quiet hours, guest policy. This will help resolve complaints that will inevitably come later.

Hope it helps.

Cheers!

Hi everyone,

I've been buying in Worcester for the last year, and I've seen prices going up ~10%/year for 2-4 unit multis, at least for last 5 years. I don't think it will grow as fast going forward, but will probably keep rising slower. Biggest problem is historic population growth, as most people seem to be relocating to the south part of the country. On the other hand I do see warehouses being built near my properties, so maybe there is some economic growth. And as you mentioned, all the 3B$ investments they are making in downtown area. Worcester did get a lot nicer in the last 3 years. As many of the coastal areas, its not the best place for cashflow, sadly. Deals are still there and you can make a living investing in a few multis, just getting harder now, but people are still buying and still making the deals work. Best of luck everyone!

@Adam Duffy Welcome aboard! Worcester is a great market and your strategy looks solid. Please let me know if I can help in any way. Good luck!

@Hooman Ghaffari Nice job! Could you please share the address? 

I used to live in USC student housing in grad school on Severance St. Very nice job. Can you share the address for my nostalgic purposes? :)

Hello BP!

I am looking at buying a house (SFR) that is in the rear of someone elses lot. The address looks something like 123-r Main St, where "r" I think stands for "rear". Anyone had experience with houses like this? Are these much tougher to sell? What sort of discount should one expect on a house like this compared to "regular" lot with all other things being equal?

The house has easement through the front lot to access the street.

Thanks in advance! 

Andrey