Worcester multi family
16 Replies
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
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
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
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!
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
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
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.
James Canoy
from Kingston, Ny
replied about 2 years ago
Do you deal in western Massachusetts at all? Specifically, Springfield up to Northampton.
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.
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
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.
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
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
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
Jef Lopes
from Boston, MA
replied almost 2 years ago
@Dieggo Goncalves Hey Dieggo, let’s connect. Would like to talk about some opportunities.
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).