All Forum Posts by: Steve N.

In Medford, I think you'll want a place with a drive way, at least those are my thoughts.  Who knows, as we get more populated it could mean people will just drive less and less.  It certainly helps with maintaining value in today's current market.

Anyways good luck! I'm originally from the south shore and somehow landed in Medford, no regrets! Having a Multi Family as your 1st and primary residence will be a huge blessing later on in life.

After 4 Rental properties, it's time to start working on my SFH HQ! Just purchased a tiny 50s colonial in the South Shore with half an acre to play around with. The project will most likely start in 12-16 months and looking for contractors/professionals to partner with on a total rebuild from the foundation up! Have worked with many tradesmen in the past (some gravy and some not so gravy)

I'll be happy to continuously update here so that others can learn and connect with for their own projects!

Looking for.

Architect/floor planners

Demo Crew (existing home)
Excavation (For basement foundation/geo thermal heating/cooling possibility)
Framers
Roofers

Holyoke/Springfield allows you to buy in for cheaper w decent rents so the ratios will probably be better than around Boston for sure! 

I personally like the stable market around Boston.

But you have an advantage as you're already familiar with the area, so I think it's a sound move to make! You'll probably be able to buy more than 1 property!

I know this is a 6 month old+ thread, but if you can find an interest only HELOC, the strategy of using a heloc might be better. Interest is computed on a daily basis, so a 200k ... lets say 4.25% (Prime minus .75) = under $700/month going towards interest.


A 200K 30 year mortgage will have a higher interest to principal payment ratio!