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

@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

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

@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!

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

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

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.

@Brian J Allen

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

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.

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

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.

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

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

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

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

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).