All Forum Posts by: Justin Butler

I live in Worcester, MA and have been interested in the buy and hold strategy for about a year now. Jay is right in saying that most triple-deckers here in Worcester are in rough shape, but a handful look good to cash flow.

The multifamily market is plummeting ten-fold compared to sfh around these neck of the woods. Looks like a good time to get into the real estate game.

I've been reading many posts the past couple weeks and notice that the majority of you buy residential properties at .60, .70 cents to the dollar, etc. on properties that aren't even listed on MLS....

Now, I understand the basics to the 2%/50% rule. My question is, have any of you bought a property listed on MLS that after crunching the numbers, produced $100 of cash flow per door? Even if you bought at .90 to the dollar?

I've seen numerous looking deals on MLS, here in Worcester, MA in regards to 3 and 4 family apartments. To me it almost seems like a red flag to get such a deal. Maybe its just the type of market here? Or no willing investors? :shock: