Calling all Massachusetts Investors!

3 Replies

I have been looking at a lot of single family homes and Multi-families and I can't get over the prices in New Bedford. Now I know, New Bedford is the armpit of Mass but I also know that you can get burned by poor tenants anywhere.

Does anyone invest in New Bedford?

Success stories? Nightmares?

What is the future of this city? Is it an up and comer or heading for even harder times?

Are they're desirable areas and areas to steer clear of?

Basically just reaching out to anyone that has invested here, researched the area, lived there in the past or currently to get they're 2 cents. Thanks

@Duncan Banks

Welcome. Thanks for your service. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

To find out about different areas go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

Good Luck

Paul

Originally posted by Account Closed:
@Duncan Banks

To find out about different areas go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why.

Paul

The only problem with this is a licensee can run into trouble telling you what areas they like and dislike as they can run into issues with the law in regards to "steering".

@Duncan Banks having looked at a lot of Singles and Multis yourself, what do you think?

Plymouth to New Bedford isn't far, you should do alright!

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

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here