Buying properties in MA
I have a question for investors in Massachusetts, has the market dried out in Massachusetts for multi-family homes in your opinion? I'm asking this question due to months of searching for multi-family homes to start my multi-family journey but the prices are way too high to purchase as a newby. Are investors looking at other markets with positive cash flow?
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Brandon
You have to get out of Suffolk County and start looking into other areas where you can still get a good deal and the rents offer a positive cash flow without having to put 30% to 35% down. I would take a look at Lowell, Dracut, Fitchburg, even up around Nashua, NH. You can still pick up a good STR/LTR up in North Conway and around Merideth.
You have a lot of properties around the colleges as well that can be rented to students or since its next to a couple of Hospitals the Nurses, Doctors, and other medical staff pay good rents.