All Forum Posts by: Stefanos Axios

thanks very much for the replies!

Appears the general sentiment is that prices are higher than they should be. Possible correction in future. Doesn't mean good deals can't be found but have to be strong cash flow in case one overpays in short term. 

I'll consider other cities in Providence. Prices are just too hard to pass up. Large multis for mortgages under $1500/month. 

For fun, I made a really crude chart using single family median home prices from 1996 to present.(Zillow Data) 

Things definitely heating up. 100% appreciation in boston in about 6 years. Fast. 

Providence slower. 

what do local investors think about Providence, RI market for Buy and Hold of multifamilies now and for rest of year? Not a local so trying to get info beyond promising numbers I find on zillow.

To consider:

1. Are prices inflated?

2. How has market performed in past during economic downturn?

3. Investment quality compared to Worcester, MA, Lowell, Ma, and other parts of RI?

( don’t expect much on this. Shot in dark)