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All Forum Posts by: Pratik Tembe

Pratik Tembe has started 1 posts and replied 6 times.

@Paul Ireland Thanks for your reply. Yes, I am very interested in Worcester and I see a lot of scope of appreciation there. Love to connect with you on this. Thanks 

@Brian J Allen thanks for the suggestion. Worcester seems to be a very promising market and might be something I will be looking to do further research.

@Cody Barna Thanks for the suggestion. We definitely won't mind getting into NH. I will add Nashua to my list of Cities to do more research. 

Thanks @Lien Vuong for your reply and suggestions. My wife and I both have been to Framingham quite a few times and it has a decent amount of companies, colleges, and malls ( nearby). And hence, we always thought that it would be on the expensive side just like Waltham. But after you mention, we will definitely try doing more research on Framingham along with Lowell / Marlborough / North Attleboro. Lowell has a big U Mass campus and Marlborough has quite a few companies as well. Appreciated the suggestions. Any thoughts on Worcester, MA as a good investment town? 

In terms of my goals around cash flow, I am targetting 7 to 10% but can definitely settle for a bit lower than that as it's going to be our first property. We are primarily looking for Multi-Family homes for a buy and hold strategy. We don't mind doing a bit of work on the house as well. But as this is going to be our first home, not looking for a complete fixer-upper home. I hope that give a little more clarity in terms of our goals.

Again any help is appreciated. Thank you !

Thanks @Jon McCarron for the suggestions. Salem popped up quite up quote a few times in my research as well I will definitely look at Beverly as well. What is your opinion about Worcester, MA? 

I am a new investor in the Boston / Greater Boston Area and looking to buy multi-family rental properties that generate some cash flow. I tried to do online research but not getting convincing articles and I am not able to zero in on any towns around. Do you have any good suggestions for a multi-family rental investment town in and around Boston?