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Updated about 9 years ago on . Most recent reply

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63
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Samuel Carmichael
  • Rental Property Investor
  • Providence, RI
8
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63
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How would one....? ( maybe i don't know)

Samuel Carmichael
  • Rental Property Investor
  • Providence, RI
Posted
Hi BP Team, I am commuting to Boston from Downtown providence PVD federal hill area and it is very simple and fast. I am curious what any other RI, CT, MA, South Boston investors think about buying a few condos within walking distance to the commuting line in Providence. Providence fed hill Westminster street and that area is really close to downtown. There is a lot for sale...& the area isn't super great right now so I think it may go up in value. These would be buy and holds. I know you go for cash flow $200 a door on buy : holds but here is my ???. Where can I also get an analysis of where property values may be headed or just the real estate economic outlook for certain states counties or zip codes?

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Bryan O.
  • Specialist
  • Lakewood, CO
1,198
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1,981
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

Cash flow is a known number. You will hear it said everywhere that "investing for appreciation is just speculation." That is not really true, but it requires MUCH more research on your part. There is no single "where can I go" because you need to look at as much data as you can find, get a feel for the area, understand where business is heading, gentrification and revitalization projects, and a million other things.

Search around on the site and you'll find quite a bit of information on analyzing neighborhoods.

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