Property Selection Checklist !
Hello again everyone,
I come seeking more advice from everyone. I have mentioned before that my first investment property would ideally be a multifamily duplex/triplex/quadplex. I have created a criteria of things that I would like to have when I make my first deal. The more I look each thing on my wish list the more skeptical I am of it's overall influence of my decision. For example, if I can buy a house in Medford (popular city outside of Boston) for 400,000 that has 4 units for 1500 a unit. What's the advantage there if I can buy a 4 unit house in Springfield MA (2 hours west of Boston and a less desirable town than Medford based on crime rates etc) for 200,000 at 1200 per month. I suppose my point is how much does "location location location" matter when purchasing a property strictly for renting purposes.
Thanks !!!