All Forum Posts by: Brian J Allen

@Ian Hogan these are great statistics.  Can you go back further to get more perspective.  I would say that normal worcester multifamily inventory should be 50-65 buildings historically from 2018-2021.  The other thing to keep in mind is that of the current 20 Multis for sale in Worcester there are a couple that are priced so far from market that it is unlikely they will sell.  

@Jack Knight one of my clients is doing one of these right now with Leominster credit union, he lives there so he can do the heloc a lot of the Local credit unions do this

I think these are condos?  Aren't these the St. Ives and the Vendome?

@Dante Ritchey i have a couple landlords who have good experience in MTR in Worcester,MA.  The key is LOCATION X3 as in All real estate.  If you are close to the hospitals or downtown you win, if not it is hard.  There are a lot of travel nurses who simply don't have a car and when they agree to come, they think that Worcester is a REAL CITY, but it isn't.  Worcester is a large suburb where people live and go to jobs to the east.  Reach out off line and I can connect you so you can have those conversations with locals.

https://trustpropsolutions.com/

@Tony Phiri Glad to help in Worcester as well.  Keep in mind as licensed agents we cannot push you to areas that are "better" but we can help analyze the investments.

i would be very wary of these disclosures as most people don't disclose very much.  The fact that they are disclosing the structural issues and the septic issue means that they are probably apparent to most people.  If you want to get local eyes on the property reach out.  There is a high likelihood that i have already seen it but if not, I would be glad to help

Owen,

Sorry to be the bearer of bad news here.  It will be hard to find a 2 family for $390k in Worcester.  You can find one in the surrounding areas.  Also, most of these will trade PRE MARKET, as there is pent up demand.  Since it is now rare to pay over the appraised value for properties, it is even now more common for owners and agents to figure out the price of the property and simply sell it to someone for that price.  Due to the pent up demand it doesn't take too many calls to other agents to sell a 2 family.  Luckily as someone who is a buyers agent for many multis, I get these calls and do a bunch of these pre market properties a month.  Make sure that you are working with an agent who specializes in working with Buyers in the type of houses you are looking for.  Best of Luck. 

can i have an address so i can drive by/

i have a couple if you want to DM