What is the best city to invest in within Massachusetts?
I was asked this question on a facebook forum and it got me thinking about our Bigger Pockets community.
Here is my answer and I would love to see what you think.
1. Fall River
2. New Bedford
3. Worcester
This is based on the infrastructure of the inventory of Cashflow investing with Multifamilies.
The prominence of 3-6 unit multi families on record in these cities is higher than any other city in the state.
Also the low entry costs are a major player.
Although New Bedford has the LOWEST entry coast and Worcester has the HIGHEST entry cost.
Fall River is ranked first because it has a larger propensity for 3,6 unit buildings while the other 2 cities are primarily 2 families though New Bedford is a close second with it's nearly 600 (6) family structures.
The right question to ask when choosing your city to invest in is:
"Does building the marketing and management systems make sense to be in this citt for the long term"