Growing Worcester MA Investor Looking to Build a Great Network

6 Replies

Hey BP community! I've been following BP for quite a few years now... Great to see how much this community has grown!

I am an IT professional in NYC. Growing up, family business was in construction, all types. Spend most current my days between NYC and eastern Long Island. 

I am in the process of consistently analyzing deals in the Worcester MA area. Come 2019, I plan to relocate there. I've been visiting the area for 8 years and counting and have befriended many people throughout the community. Anyways, for those in the area... I plan to obtain my share of "triple decker decadence" :)

I'd like to get acquainted with anyone who can offer advice or interested in connecting with a new investor to the Worcester area, particularly a good local GC and Prop. Mgr. I am looking forward to playing a role in making the Woo community a great one.

-Alexander

Hey, I don't quite work with any investments in the Worcester Area as much anymore. I stick mostly to North of Boston since I'm focusing on flip investments, but Worcester is an awesome city for buy and hold strategies. House prices have not risen as much as some of the cities and towns closer to Boston, so deals are still plenty. 

Worcester is a huge college town. Lot of potential renters at any given time. It is definitely up and coming. Head building inspector is very strict, but shouldn't give you any issues as long as you are doing everything by code. For commercial developments, get in touch with Edgar Luna in city hall for help.

All-in-all, super diverse town. Winters tend to suck, but obviously climate isn't much different from NYC.

Start attend real estate investor meetings in Worcester, possibly timing your visits to coincide with meetings.  Here are 3 in Worcester County:

NWCLA - Northern Worcester County Landlord Association

WorcesterPOA - Worcester Property Owners Assn is part of MassLandlords - 2nd Wed of the month, next is 1/10

Black Diamond REI - 3rd Tuesday in alternating months in Worcester, the next is 1/16

@Alexander George

Awesome man, thats exciting- 

Yes... the triple deckers are very common in Worcester

It is a mixed bag depending on the area. There are many colleges as well in Worcester-

Welcome! There are plenty of opportunities here but don't expect good deals easy to find... most investors in greater Boston are starting to look towards Worcester since it has a much more favorable price point. But don't worry, there will always be enough run-down three decka's to go around if you can find them!

Nate Fournier, Contractor in MA (#CS-110884)
508-784-1124

you might want to connect with Tom Cafarella of Ocean City Development.

I also would be happy to connect with you. As a realtor, I could look for places for you to buy. Pm me your contact info.  Thanks.

Carol Zeroual, Real Estate Agent in MA (#009536566)
978-201-3087

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.