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Worcester multi family

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  • Posts 7
  • Votes 5

Adam Duffy
from Shrewsbury, Massachusetts

posted about 2 years ago

Hello BP,

I am a new investor from Shrewsbury, Ma. I am looking for an off market distressed 3-4 unit multifamily in Worcester, Ma. I plan on using hard money and refinance to a traditional mortgage once the rehab is complete and the units are rented. In addition to the deals I am also need to build my team - I'd like to connect with hard money lenders, contractors, and property managers.

  Thanks for checking out my post,

 Adam

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Rentals and Maintenance
  • Posts 259
  • Votes 123

Brian J Allen
Realtor from Worcester, MA

replied about 2 years ago

@Adam Duffy does location matter to you? Let me know if you want to meet up and discuss locations. We get a bunch of off market deals that come through our office periodically

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  • Posts 7
  • Votes 5

Adam Duffy
from Shrewsbury, Massachusetts

replied about 2 years ago

Thanks for the quick reply Brian. The deal is what matters most, followed by location. Metro areas are most desirable. Depending on the particulars of the deal I am flexible with location as far as neighborhoods, etc. I am shooting for a C class unit in a B neighborhood.   Thanks Brian

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  • Posts 11
  • Votes 6

Andrey Rudenko
from Clinton, Massachusetts

replied about 2 years ago

@Adam Duffy Welcome aboard! Worcester is a great market and your strategy looks solid. Please let me know if I can help in any way. Good luck!

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Check Rosette Top Subjects:
Rentals and Maintenance
  • Posts 259
  • Votes 123

Brian J Allen
Realtor from Worcester, MA

replied about 2 years ago

was in a C- in a B+ neighborhood today.  needs siding, windows, kitchens baths, heat etc but units were worth the work

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  • Posts 7
  • Votes 5

Adam Duffy
from Shrewsbury, Massachusetts

replied about 2 years ago

Nice, that's exactly what I'm looking for. Pretty much just trying to stay away from a total gut or tear down

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  • Posts 1
  • Votes 0

David Roman
from Ruskin, Florida

replied about 2 years ago

I don't have anything useful to add other than I grew up in Shrewsbury, MA.  Learned to ski at Ward Hill, ate pizza at Dean Park Pizza, and shopped at Spags.  Sometimes all on the same day.

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  • Posts 253
  • Votes 135

James Canoy
from Kingston, Ny

replied about 2 years ago

@Brian J Allen

Do you deal in western Massachusetts at all? Specifically, Springfield up to Northampton.

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  • Posts 5
  • Votes 2

Joseph Bowers

replied about 2 years ago

Adam,

I am a contractor and investor in southern NH. I grew up in Westborough and have spent most of my career in the Worcester area.

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Check Rosette Top Subjects:
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  • Posts 259
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Brian J Allen
Realtor from Worcester, MA

replied about 2 years ago

James Canoy I only do Worcester County, but i know all the inventory.  sorry i cant help in western ma.  I did do zoning for Pocket Wireless and AT&T wireless and put up multiple towers in the 91 Corridor if you need to know where you will have good cell coverage

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  • Posts 5
  • Votes 2

Joseph Bowers

replied about 2 years ago

Adam,

I am a contractor and investor in southern NH. I grew up in Westborough and have spent most of my career in the Worcester area.

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  • Posts 169
  • Votes 39

Dieggo Goncalves
New to Real Estate from Marietta, GA

replied about 2 years ago
I am a sales rep for a painting company in southern NH, we do plenty of work in the Worcester area. Also run a house cleaning business with my wife. would be happy to help in any way i can. Please feel free to reach out, i could provide you with estimates for painting/drywall, no-obligation.
Best of luck in your REI.

Regards,

Dieggo Goncalves.
 

Originally posted by @Adam Duffy :

Hello BP,

I am a new investor from Shrewsbury, Ma. I am looking for an off market distressed 3-4 unit multifamily in Worcester, Ma. I plan on using hard money and refinance to a traditional mortgage once the rehab is complete and the units are rented. In addition to the deals I am also need to build my team - I'd like to connect with hard money lenders, contractors, and property managers.

  Thanks for checking out my post,

 Adam

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user profile avatar
  • Posts 169
  • Votes 39

Dieggo Goncalves
New to Real Estate from Marietta, GA

replied about 2 years ago
Hey Brian,
I see you are very active on BP. Are you a REI yourself?


Originally posted by @Brian J Allen :

James Canoy I only do Worcester County, but i know all the inventory.  sorry i cant help in western ma.  I did do zoning for Pocket Wireless and AT&T wireless and put up multiple towers in the 91 Corridor if you need to know where you will have good cell coverage

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user profile avatar
Check Rosette Top Subjects:
Rentals and Maintenance
  • Posts 259
  • Votes 123

Brian J Allen
Realtor from Worcester, MA

replied about 2 years ago

I am not investing at this time, but i have in the past.  I have a condo in Tempe AZ, but Currently i am trying to pay for my 2nd and 3rd kids who are about to go to college

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  • Posts 3
  • Votes 0

Jef Lopes
from Boston, MA

replied almost 2 years ago

@Dieggo Goncalves Hey Dieggo, let’s connect. Would like to talk about some opportunities.

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  • Posts 4
  • Votes 0

Garrett Rodrigues

replied 11 months ago

Any updates on the Worcester investment?  What did you end up doing and how did it turn out?  I ask because I'm about to do something similar (looking for more turnkey than distressed).

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