$250k is probably right in that market, but thats a guess, I've never tried to fix anything in Mass, I just know that it costs more than the markets I'm in.$100k in income on a $600k investment works all day long, your long term prospects are great. 

Brandon has BP, Ben Leybovich has CFFU, and others just continue doing things within real estate (PM, flipper, broker, realtor, developer, etc..) to reduce the turbulence.The concept of retiring quickly using RE has been published in blog posts and mentioned in several podcasts but it is oversimplified for mass media production.

Like Andrew mentioned we cant charge a application fee in the state of mass so we eat the background/credit check fee but that's just a cost of doing business in our lovely state. 

Many times I will buy that book in mass and give it to real estate brokers that I like to work with.

@Daniel D.That would be unusual in Mass.

Closed end seconds are what the masses have chased as many of those were pooled and sold into securities to be unwound in defaults.  

I paint for the masses, and if someone wants to customize, they should buy their own house.

I haven't read through this entire thread but with the way things are in MA, I would only really listen to people who are chiming in that are from Mass or do business in Mass.  

If not, please let me know and thanks in advance for not judging me on my bad investment :)In 2007, I thought I could make some $$ on a preconstruction flip.I bought a very nice condo in a preconstruction building in the Chicago city limits (in an up and coming area, not too upscale, but not the hood - close to a lot of nice stuff and the mass transit)I bought for 390k with 5% down and took out an interest-only loan.Alas, the real estate bust happened.  

Hi, Victor, welcome to BP.Consider joining this FB group Western Mass REIA and attend their events when they resume.